Transcripts For FBC Mornings With Maria Bartiromo 20171201

Big focus of the administration, the things that we continue to fight for as we go through this tax policy. Maria we will go through latest stumbling block as they push forward for possible vote today beginning at 11 00 a. M. Stock surge initially in hope of deal yesterday, the dow closed 24,000 First Time Ever with better than 300point rally, look at what is happening right now. Same with s p 500. Nasdaq down almost 1 right now. In europe the major averages are lower across the board, similar upset here. Cac quarante in paris, down better than 1 , dax index down better than a half percent as europe takes a cue from wall street. Take a look, japan was up half a percent. Shanghai composite flat on the session. Hang seng and kospi were lower. A verdict shock outrage this morning after san San Franciscoy finds illegal immigrant that shot kate steinle not guilty of murder. He will now be deported for a sixth time. President trump taking to twitter to express anger at judgment. No wonder the people of our country are so angry with illegal immigration. Very latest of verdict ahead and its implications. Tarmac trouble. Newly released document shed new light on former bill clintons meeting with then attorney general Loretta Lynch. What they reveal about the highlycriticized encounter on the tarmac coming up. The details on the merger that could be worth between 200 and 205 a share. And jim alabama takes a shot at ai, new device that pours you a drink on command with a side of snark, all that coming up this morning and joining me to talk about fox business dagen mcdowell, Kelly Company kevin kelly and the Kings College economics professor brian brendberg. Great to see you. Kevin all i need is to get a side of snark and jim beam. [laughter] kevin thanks a lot jct. Maria markets reacted too quickly. Last night the stumbling block about was it bob corker basically saying, look, this is not going to happen if the trigger is not there. Dagen or bob corker coming up with the idea that you will build tax increases into the bill that can we just raise the question of what personal does it play in terms of senator corker and his opposition to the bill because this is a republican standing up for tax increases in a bill thats aimed at cutting taxes. So, again, the world has turned upside down. I hammered senator marco rubio yesterday, that amendment could get voted on today to not only increase the Child Tax Credit to 2,000 but refundable against someones payroll tax liability, thats welfare you can argue with me all day long on twitter about that but thats welfare through the tax cuts. Maria i want to drill down on each of these. The senate tried to get it done. Coming up to joining the conversation this morning we have a House Majority leader and california congressman Kevin Mccarthy coming up this morning. Republican congressman and House Freedom caucus member dave brat, democratic congressman john and reality tv star Bethany Frankel. Tax reform hanging in the balance. Senate republicans are race to go secure votes to pass bill with votes set at 11 00 a. M. , with hours to go, gop leaders were still making major changes to bill and hope to go win hawks tennessee bob corker, trigger to raise taxes, raise taxes if Economic Growth does not materialize, if the revenue that they promised is not there. That was scrapped. Another raising the Corporate Tax rate from 20 remains on the table. Lets get into this, brian brendberg, your thoughts . I cant believe we are at this point and the thing thats holding us back from tax reform is that the tax cut isnt going to fully pay for itself. Nobody really thought that a tax cut is going to fully pay for itself, thats not the point of a tax cut. The point of a tax cut is to cut tax revenue. If you want to pay for it, cut spending somewhere else. Yesterday it looked like we get something through and today they are reacting negatively, why in the world are we not passing a tax reform simply because it doesnt pay for itself, it doesnt make any sense. Kevin the most important thing to take away from this, its to funny they are talking about growth when we have a 3. 3 gdp number, actual growth exceeded the expectations that could actually happen. Thats the First Time Since 2007. With Congress Actually read the wall street journal or watched the show, they know that the growth will be there and when you and why do we get 3. 3 , because this administration is focused on growing the economic pie as opposed to slicing it into smaller pieces and this is what happened when deregulation happened. Can you imagine the kind of growth that we get if we get tax cuts, jct is even wrong about this dagen tell people what jct joint committee on taxation. Kevin score it is tax bill. They were already wrong this year by 8 tenths of a percent. Maria no one believes in the scoring anyway. Kevin they are always wrong. Dagen what happened with the joint committee taxation, they came up with score and it say that is this bill only raises revenue by 458 billion. The foundation put the revenue estimate at a trillion dollars or more than that so the net cost of this bill according to jct is 1 trillion over a decade. So the socalled selfproclaimed deficit hawks corker, flake and johnson now because they cant put a trigger into raise tax ifs the revenue estimates dont come in because the Senate Parliamentarian say its nay on that, they think about building in tax increases in later years. This is why it doesnt work if you want to cut Corporate Tax cuts, business in earlier years can deduct the cost of investments against 20 rate but then any income or profits that those investments generate in later years will be taxed at higher rate. Its the reverse of the kind of incentive that you want to put into place. Maria a whole cascading effect because of that and the worry about the scoring and the trillion dollar cost and think step back about 20 Corporate Tax rate immediately which was basically the crux of this bill. That was the whole crown jewel, 20 corporate. So now we are even rethinking that. Dagen right, that started a couple of days ago because it was marco rubio and his sidekick, partner in crime that proposed the 22 to give to a bigger refundable tax Child Tax Credit to people. Maria also ron johnson was thinking, passthrough 25, corporate 20, maybe 22 for both. I just think its crazy to me that republicans are say if we dont get growth, the way that we are going to deal with that is to raise taxes in later years, how in the world are you going to fight a growth problem in later years but raising taxes, youre making the problem worse by putting triggers in, by stepping up the Corporate Tax. Maria we questioned the trigger from the getgo, why come up to tax cut plan only by raising taxes. I dont believe you in terms of the revenue expectation. Kevin they might as well do nothing. The fundamental problem we have right now is cheaper for Foreign Companies to invest in the United States than companies in the United States to invest here. If theres an average of 22. 5 corporate tack rate across the globe, you know, its cheaper for those companies to come over here and invest because they are not being taxed at high 38 in the passthrough, im sorry, the passthrough needs to get done. Small businesses need this badly. They are being decimated by obamacare mandates. Maria they will go from 40 to 20 or 25 . Kevin yes. Maria thats going to be a big deal. We want to get to tweet, other breaking news this morning. President trump is tweeting about it. Here is what hes saying this morning, the Kate Steinle Killer came back and back over the weekly protected obama border always committing crimes, being violent yet this information was not used in court. His exoneration is a complete trafty of justice, build the wall. We are going to talk more about this kate steinle murderer verdict here, he was acquitted last night. We will talk about that coming up and what the implications are for the border wall. More on that verdict outrage and major implications coming up. Cbs reportedly close to acquire aetna for 66 billion, what that means for your familys medical bills, back in a moment. Maria welcome back, a stunning verdict last night in the kate steinle murder trial sending shock waves across the country, Lauren Simonetti with the details this morning and headlines, lauren, good morning to you. Lauren a jury finding yesterday an undocumented mexican immigrant not guilty in the killing of kate steinle on a San Francisco pier back in 2015, jose zarate acquitted of first and seconddegree murder as well as involuntary manslaughter. The jury had deliberated for six days. This really is about the family and shown incredible resolve during the whole process and our hearts go out to them. Lauren yeah, well, the shooting touched a fierce immigration debate during president ial campaign and the debate continued then candidate trump had used the tragedy to push for a wall on the Mexican Border and late yesterday, the president tweeted the verdict is disgraceful. Early this morning he added to that, the Kate Steinle Killer came back and back over the weekly protected obama border always committing crimes and this info was not used in court. His exoneration is a complete travesty of justice, build the wall and, of course, the trial took place in San Francisco sanctuary city. Meanwhile sources telling fox news that the department of justice is considering federal judges. Well, explosive new revelations about the secret tarmac meeting between then attorney general Loretta Lynch and former president bill clinton while his wife was under investigation, Judicial Watch releasing 29 new pages of fbi documents overnight. Reveal feds were more concerned about news of that meeting leaking to the public rather than the actual meeting. The documents also show that then fbi director jim comey seem today learn of the meeting from news reports. Well, that controversial 2015 meeting took places just days before comey publicly cleared hillary over private email server. The wall street journal reporting that cvs closing in on a deal to buying aetna for more than 66 billion in cash and stock, potential merger giant of selling everything from drugs and health insurance. People familiar with the deal say it would likely be valued between 200 and 205 for each aetna share. The merger could be announced as early as monday. Lets take a look at how both stocks are performing this year, you can see two different stories. Aetna up nearly 45 , cvs health down 4 and a half percent. All right, we could really feel the Christmas Spirit in the nations capitol last night, take a look at this, First Lady Melania Trump flipping the switch on white house tree lighting, ready with the countdown and wished america as well as the world a merry christmas. Maria all right, lauren, thank you. That is always beautiful every year at the white house. We want to get this. Dagen i love Christmas Music in stores, play it all day long. Puts me in the spirit. Maria on the radio too. I love Christmas Music. Dagen im not a sour puss all the time. Kevin thats the best one. Maria okay. So President Trump just tweeted again on the kate steinle case, the jury was not told the killer of kate was a 7time felon, the schumerpelosi democrats are so weak on crime that they will pay a big price in the 2018 and 2020 elections. The president mad as kate steinle verdict. Another milestone, dow 24,000, 21, 22, 23, 24 all this year. The trump bump this year. 2017 has been big with investors. 32 on the dow just in selection night. S p up 24 . We will take a break. John kenna slammed the prowrestler and actor being sued by ford motor for selling ford gte super car, he sold it and we will tell you why hes in hot water. Back in a moment. Think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. 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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. Maria 24,000 and climbing still. Still counting, the Dow Jones Industrial average closing above another historic mark yesterday. First time ever above dow 24,000, s p 500 and nasdaq also with record highs, joining us to talk about david nicklaus, good to have you on the program, thank you so much for joining us. Maria, thanks so much for having me. Yeah, i will tell you im as excited as investors are for amazing year that we have seen for the market in 2017. Look, as great as 2017 is at our firm we have a participate but protect mind set. Its more about managing risks to an investment portfolio than solely focusing on returns. Its been a fantastic year but its not about what we make in any one year its about what we keep over time and i think for 2017 volatility really the lack of volatility has been the story here. A lot has been the confidence that the Trump Administration has, i think, boosted to the u. S. Economy. So, you know, the question, maria, that many viewers might be asking, how long can that rally really last in the market. Maria right, so what do you think . You know, i think it can. How refreshing is it to have a president that believes in u. S. Economy that doesnt buy the narrative that the u. S. Economy is limited to a 2 gdp growth over the next ten years. Maria thats true. It can rally. Look, tax reform which we need to get done will be a stimulus, it will super charge the rally that we will see on the market. Kevin david, its kevin kelly, im glad that your last name is nicklaus. If theres a pullback that happened, this is a good time to put money to work because as you can see financials can do very well, tack reform will help them, the economy is getting stronger, even though the fed is raising rates that help net interest margin. Are you looking at certain sectors for clients to position themselves specially for santa claus rally . Absolutely, if you look at financials, trading at 14, discount of the market. I think financials will bode really well with tax reform but Interest Rate rises, we should see four rate rises, jpmorgan, goldman sachs, i also like the insurance play right now, you know, Insurance Companies have been squeezed in this lowrate environment and as rate rises you should see yields be positive all state, aflac. You want to look at tax reform play, you have to look at small caps, small caps in my opinion the biggest beneficiaries to tax reform. We are looking at clients, overweight financials and overweight small caps, that will be a very successful year for a portfolio if you want to look at those two sectors. David, i think the markets have fully baked in the idea of tax reform happening, i dont think theres any question for markets, theres a real scenario specially given what we saw last night that this does not happen this year and it does not happen next year, if thats the case, how much do markets react, is it a big reaction, does it change the trajectory for 2018 . Yeah, i will tell you, it is crazy to me that we are this late in the game and we are considering the tax form might not happen. Youre right, its a very real possibility and thats where we have to look at risks for portfolios, something that we look at all of the time. What is the risk, if you look at market rally since trump has been elected, market is up 20 , i hate to say this but if we dont get tax reform done, so i hope youre listening our wonderful elected official, if we dont get tax reform done u you know, we will definitely see a 10 correction no question. We could see even a 15 to 18 correction if tax reform fails. Its just because of the rise up that we have seen in the market since trump has been elected. Dagen david, lets introduce this, what if tax reform does happen but the senate goes in here is one possible outcome that they factor in tax hikes, a stair step up in the corporate rate in later years to come up with revenue, thats on the table and i want to point out the senate that it doesnt make any sense that a company would take a deduction against an investment when the deduction is worth 20 and having to pay tax on it at say 35 or even higher in years out. That doesnt work and it makes no sense and is not an incentive to investment and hiring. Maria this is the same group that said, lets delay Corporate Tax cut. Dagen right, by the way, i want to point also just note steve, senator from montana is a yes, is a yes on the senate bill. He came out this morning. Maria could they move forward without corker. Dagen its corker, flake and johnson. You cant lose all three of those socalled deficit hawks. Maria the president tweeting this morning. Before you answer the question, let me get the tweet out, republican senators are working hard to pass biggest tax cuts, the bill is Getting Better and better, this is a once in a generation, obstruction dems because they dont think its too good and wont be given credit. Dagen im looking at this and if they end up working actually writing into the tax bill tax hikes down the road where the tax cut on corporation starts at 20 but rises in stairstep increments in later years to basically lessen the impact on deficit, that would be a disaster. Right. And i question whether Big Companies or even smaller ones would step up and really make the kind of investments and hiring decision that is you need today because they are looking at tax increases in the future, 20 deduction on investment today, i will wind up paying 30 in taxes or much higher rate down the road. Thats now how businesses make decision. Maria two step forward and one step back, how does it react from that scenario . Have we forgotten what causes Economic Growth . Not only Economic Growth but what raises revenues . Look, lowering taxes on the job creators and entrepreneurs. Thats actually how we raise revenues. I dont know which party the republicans are that are promoting increase to Corporate Taxes. Reagan lowered taxes, we saw increase in revenues and increase in revenues for the u. S. Government. Jfk lowered taxes and we saw those increases. Yeah, look, we have to get tax reform done. Its a huge income for the market. I think we will see a 10 additional earnings per share if we get tax reform done and, maria, i will tell you, i think the markets will hit s p 3,000 by tend of 2018 if we get tax reform. Maria you said 10 in earnings for s p 500 in 2018 with tax reform . Additional added to earnings with tax reform done. This is big. Maria yeah, it definitely is big. Thank you so much, david, thank you for weighing in this morning, we appreciate it. David nicklaus there, we had a very good week this morning on mornings with maria, so much happening, take a look at the weeks moments from the program youve got the Balance Sheet of 4 and a half trillion dollars that the Federal Reserve has to unwind, that may very well be one of the tougher questions, how is the fed going to handle that . Well, i wish they would let us know, they puzzle about inflation but they refuse to look at quantities and deal with the fact that the Balance Sheet poses huge risk for inflation and i think that ultimately has been there undoing and may continue to be their undoing. Maria were surprise today see 3. 3 growth yesterday . No. This could easily mean that we get another 10 move. Big tax reduction of Corporate Taxes is going to do really well for stock market. Maria you are in some areas raising taxes on the people who raise taxes, you have a great growth story on corporate side, on the individual side of tax plan its a little messier. Lets be clear, the vast majority of individuals, families, individuals, they are going to see a tax cut. Maria yeah. Will there be some you liers, yes, there will. If i were king i would lower marginal rates more and that would solve the problem and would be progrowth. We are facing huge tax increase in new jersey and at the same time we are loading up the deficit here and add to national debt. Theres no fiscal responsibility in this bill. The best way to fix some of the states that have issues tell them to move the texas. We have no personal income tax. Maria i know that. Thats because im paying for it. I am. [laughter] absolutely. Its a disruptive force. I love it because no one knows how to handle it. Dagen this is why its a bubble, pete. It shouldnt have been done, i dont know in the last 40 years that the department of justice has ever blocked a vertical merger. Maria your charity happy hearts fund has merged with all hands volunteer to form a super nonprofit. We start today see that it can be much faster, much more effective and efficient and thats why they merge, we want to make sure its not just about First Response but smart response after natural disasters. We started working with one veteran and now we have grown to now work with five veteran owned manufacturers and with that, weve helped support 65 veteran jobs and through all of these bags we have repurposed over 30,000 pounds with military surplus. Tony hawk joins us in the studio, 4 billion in studio. That is why we do this. It was a great opportunity. I am proud of the franchise and never imagined the success. Maria researchers found the dogs the brain has double the number of neurons compared to a cats brain, 500 million. Cats have 250. Charlie ramon should be in this. Dagen they know how to get food, look at them, they are hilarious. How smart are they . They are in miami on the beach right now. 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 friday morning, thanks for joining us, it is friday, december 1st. It is 6 30 on the east coast was a white house shakeup on the horizon, New York Times said the administration is working on a plan to force out secretary of state Rex Tillerson, replacing with cia director mike pompeo. There are can be sanders pushing back. When it comes to questions like this, senior staff and cabinet secretaries when the president replaces somebody who will no longer be here, as the president says on the record, several of you were in the room in the oval today, the secretary of state is here and we are working to get big things accomplished. Maria tillerson is not the only official on the way out, a new report says gary cohn and Jared Kushner may depart as the president ends his first year in office. North korea trying another missile launch, the latest as fox news has obtained exclusive images of another large site. A christmas glitch not fixed yet, at odds over staffing flights. The automaker says the wrestling star was not allowed to sell the superrare gt. Jim beam taking on alexa with a twist rolling out an ai device. Markets look like this, yesterday, a 50 point rally on the dow industrials. A bit of a pullback as we learn the tax plan snagged in the senate, down industrials down 60 points. Major indices, the cac quarante and dax index down better than 1 in todays overnight stocks mixed at the close. Our top stories, secretary of state Rex Tillerson is expected to step down in january, replaced by mike pompeo. This amid reports of growing tensions between Rex Tillerson and donald trump. In october he allegedly threatened to resign reportedly calling donald trump, quote, a moron. State Department Spokesman heather darr during a News Conference yesterday. Feathers dont get ruffled easily. He brushed this off, he heard these stories before, these stories of come up through his tenure at the state department and he is going about his business. He remains the secretary of state, as long as he is serving at the pleasure of the president , he will continue to do that job. Maria donald trump will have lunch with Rex Tillerson this afternoon. While lead fairest, good to see you. What is your take on this . You think Rex Tillerson is out . We have to believe the report. Until we see that happening, what is important is at first sight this is about personalities and it could be. All administrations had nuances between secretary of state and other head of agencies but at this time what i can see is integration of Foreign Policy, pressure coming from outside the conflict from east asia to the middle east and beyond, needs to have a state department, cia, dod and white house in one strategic line. That is why the changes that would affect potentially the state department, the cia and the white house to create the integration of foreignpolicy. Maria is a personalities or different in terms of strategy. When the whole issue, the president was very clear he was going to push back on supporting terrorism. Rex tillerson handled it differently, questions about the handling of north korea. Is this just personality or do these two gentlemen have a different outlook and strategy they are applying to foreignpolicy . It is about strategy and choices. To resolve that with personal relationship, lunch or what have you. Strategies are different and each of these leaders is advised by a team and at this time as i made the case earlier, the president , the white house and those advisers want to see complete integration of foreignpolicy because we are facing a series of challenges. Dagen what does the nation lose in intellect and knowhow if Rex Tillerson leaves that job . I will point to the thread that connects us and all the nations that defy the United States and that is energy, oil and natural gas, whether it is iran and russia using their Energy Resources for a long time as a weapon against the rest of the world, a point that the state owned Energy Company in poland, the first 5 year deal to buy american liquefied natural gas, that takes an incredible amount of power away from russia, handed to the United States, how does that change of Rex Tillerson leaves as former ceo of exxon . Great point. Secretary tillersons ideas and engagement worldwide, will always be around, the United States will use those skills in the web of relationship. As someone in the state department they will integrate intelligence, defense, Foreign Policy and communication with the white house to lead the foreignpolicy and fill the state department with many positions that are vacant, the role of secretary tillerson in the future is going to be very important. It doesnt have to be top to bottom but other positions. Maria with threats are rising, the north Korean Missile program, exclusive satellite images last night show what appears to be north korea preparing to use another launch site after they testfired their highest ever ballistic missile, what action should the Trump Administration be taking given what we are seeing . The public is now aware of that. The confidence in the pacific front, the western ally friend the japan, south korea and other forces, we are doing our job as far as the understanding of something more dramatic happens, russia and china should be worried they have borders with north korea, exit inside north korea affecting vladivostok, beijing, i see the chinese and the russians are now interested. They dont want to show it but with the United States, permanent members, and national securities. In north korea, to prevent kim jong un from getting a nuclear weapon, what could prevent him . We could come to him repeatedly with incentives, sanctions, whatever it takes and it seems china is giving away or enabling it, to develop Nuclear Weapons and education from china. What could we do here . More serious in terms of north korea, what are your interests in north korea, are you concerned if this regime goes down there will be an antichinese regime . We have to be clear and transparent at this time and there could be agreements with the chinese, minimal agreements, it is important to consider that russia, china, the United States, the uk, are five permanent members of the north korean regime is concerned about International Pressure more than american pressure on north korea. We need to do that and consolidate the western alliance putting pressure on the north koreans. Maria looks like that is what the administration is a forting. Weighing in on the subject, coming up, flight fight, American Airlines in a war of words with pilot unions over the computer glitch that threatens to upset Holiday Travel for millions and jim being with a chaser of artificial intelligence, 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. Maria markets are pulling back after a huge rally yesterday. There are some upsets and disappoints what took place in the senate which we will continue to talk about. A couple names on the move, American Airlines is in a war of words with the pilot unions. The carrier looking to calm holiday trailers nerves after a computer glitch left the airline scrambling to find pilots for 15,000 flight, those lights are already booked. American claims only a few hundred flights remain pilotless but the union disagrees. They say thousands of flights are still unassigned. Shares of american are up 6 over the past year. Also watching shares of tesla, the company switched on the world at largest lithiumion battery, the device is located in australia and can hour 30,000 homes which was built in 100 days meeting a promise made by elon musk. Shares of tesla are down one present was a big departure at the top of blue apron. Lauren simonetti with the details. Reporter struggling blue apron replacing Matthew Solberg as ceo, the second cofounder to leave since the company made its disappointing stock market debut earlier this year. The meal kit maker holding onto customers amid growing competition and concerned that amazon may enter the market as well. The current cfo, brad dickerson, will take over as ceo looking at shares of the company as they move 3 higher on this move but they are down 35 in the past month. Check this out, General Motors stepping on the gas in the race to build a self driving taxi. They plan to have a fleet of Driverless Cars roaming big cities by 2019. Why the rush . Gm says robot taxis could be the biggest profitmaker in a decade. Shares of gm lower as the Broader Market is lower and the premarket down 11 4 . Ford filing a lawsuit against john sam is accusing the wwe star of violating his contract with ford when he sold his 500,000 custommade sports car. He was supposed to own the car for two years but he sold it for a big profit soon after he got it. Ford want for a profit from the sale of the car along with damages. Sina wants to work with ford to make this right. Here is a good friday store, did you ever wish you could ask amazon acres or you a drink . Move over, alexa because jim has arrived, the smart whiskey decanter. It wont be able to tell you the weather but it will pour you a shot of whiskey on command while talking to you in a kentucky accent. The jim beam website, 35, the bottle is not included. Word of caution, this is exciting for a lot of people, christmas is here, we expect more to be available later today. What do you think . Maria we have robots pouring us a drink. We are not doing anything, not doing anything. Dont even tie your shoes, there is a machine that and do it. Dagen i dont know if i can do a kentucky accent. I told you berman is good for a cold. Maria i guess it is innovation. We will take a break, the shape of water takes a deep dive into what seems to be in love. The scifi epic hopes to make a big splash at the movies, we will take you on the movie plans this weekend. You cant predict the market. But through good times and bad. At t. Rowe price. Weve helped our investors stay confident for over 75 years. Call us or your advisor. T. Rowe price. Invest with confidence. Whatever it takes, wherever i have to go. Im beating this. Breast Cancer Treatment is continuing to evolve. Ctca is definitely on the cusp of those changes. We really focus on taking the time with each individual patient so they can choose the treatment appropriate for them. I empower women with choices. Its not just picking a surgeon. Its picking the care team, and feeling secure where you are. Visit cancercenter. Com breast Appointments Available now. The natives in the amazon worship this as their god. Get him out . What are you talking about . Take it apart, learn how it works. Maria that was the shape of water. The new fantasy drama from year modell tauro. Can it take down disneys cocoa . The man with the answers, Senior Vice President of marketing, you sat down with the stars. A lot of buzz with this movie, beauty and the beast meets creature from the black lagoon, a lot of oscar buzz. The cast told me about the making of this, very different take on the genre. If i told you about her, a princess without voice, what would i say . Love this movie, so original, so different. Where did inspiration come for this . The movie tries to be classical, done in a classical way. It is unique, such a fairytale. As much beauty and the beast as it is creature from the black lagoon. I love the combination of genres he mixes together, magic realism. You may think that thing looks human, stand on two legs, but we are created in the lords image. You dont think that is what the lord looks like, do you . One persons night is another persons complete when you love someone you see their heart, you see their soul and that is what is beautiful. He sees me as i am. Tell me about the title, the shape of water. Water like love, the most powerful forces in the universe because they break through every barrier, they do it because they are flexible, love in any form is love. Maria that looks interesting, different. A lot of movie talk. Opening up in two theaters, limited release, and wont top cocoa but the thing to look for is will it do better than call you by your name which earned 100,000 per theater last week and. Maria the whole year hasnt been great, 2017 has big breakouts but at the same time, one more to come including star wars is going to be huge. Will that be enough to take us out of what has been a media year . Record attendance, star wars will pull in 300 million as of november 27th, down 4 . That said last year was a recordbreaking year, 11. 3 billion, shy of that. Maria star wars was big. And showman. Maria have a great weekend, be right back, stay with us. Welcome back friday morning everyone. Happy friday to you. Your top stories right now 7 30 a. M. On the east coast. The senate failed to get about done late last night. The impact on the deficit. Much of the delay. They just expressed the need to get this deal done quickly. We will continue fighting for this and making sure that the middle class does receive tax cuts. We think we are making a lot of progress on this front. The very latest this morning as they are pushing forward to for a possible vote today. The stocks surged on the hope of a deal today. Above 24,000 for the First Time Ever. The nasdaq s p 500 also down this morning. The ft 100. In asia overnight. It is mixed. Outrage this morning after a San Francisco jury finds the Illegal Immigrants who shot and killed kate stanley not guilty of murder. He have already been deported five times he have multiple felony convictions the president has been tweeting about this this morning expressing his anger. He said this is morning the Kate Steinle Killer came back and back over the weekly protected border. This info was not used in court. His exoneration is a complete travesty of justice. The latest on the verdict coming up this morning. Matt lauer searching for his payday the Staggering Amount he still hopes to get from nbc. In the wake of the Sexual Harassment scandal. His lawyers are working on that. Taylor swift looking to increase her reputation. We spoke with several hall of famers about the new nfl experience that has taken fans right into the game. All the stories coming up this morning. Good to see you. If you sit back and wait and see what the republicans do to raise taxes a couple of years later. We knew that they have personal issue here. How much is this personal. Unfortunately we are getting a lot of rumors on leadership changes as well. Possibly gary cohn. The writing was on the wall. Hey what you think about that. The problem is not with the white house its with republicans who are not conservative. And shame on them. Thats right. Are they democrats or republicans. Bob corker is a member of the tax increases. Kevin mccarthy is coming up this morning. We will talk to him about where we stand right now. Bethany frankel is with us as will this morning. First this. The taxcut showdown on capitol hill. Tennessee senator another hold out. A socalled trigger. The way in the republican said it well. Here is what he said afterwards. The chamber is also fighting over the member measure to eliminate the individual mandate. Another proposal to raise the Corporate Tax rate. Thank you so much for joining us. It is not your chamber i recognize that. What can you toss in tell us in terms of the breakdown blessing. We all thought the senate was getting close and than this. I think you framed it just right. Sometimes we forget about the objective reality. That tells you if this doesnt go through we probably dont continue to grow at 3 . Just to let people back home no. They dont even include that. About half of the federal revenue. You lower corporate rates and you are seen the signals already. They said you could never grow at 2 . You are lowering rates and then if you dont see the revenue that you are going to have they want the trigger in. And actually ended up being against those roles. The senate has to deal with. The original trigger was about 2 of gdp growth. We will hit that. We are surpassing it right now. The economy is already taking off. I know the economy has been taking off. It doesnt matter if you dont get the tax plan done. Because everything where did you get the notion that everything is going to get reversed. The economy has been growing for the last seven or eight years. But growing coming out of the great depression. And now youre looking at a 3 growth. Under the last eight years the economy was strangled by overregulation. Im sorry that is not factual. The economy is growing because of the demand that has been created within this economy. We just saw 3 numbers this year. We have not seen any growth. Your facts are not correct. What is not correct. There has been a continued increase quarter by quarter none of that has not happened. What is clearly happened is that the stock market has gone up in anticipation of a significant tax cut. That is understandable because what happens when corporations had more aftertax income they use it to buy back stock to give dividends and corporate pay. Those are the actual economic facts. Are you saying that the growth we saw this year has nothing to do with the rollback and wreck regulations. Im saying that may be a piece of it but there has been a continued growth in the American Economy for the last seven years. Soon the buildup build up in the American Economy. It is is not correct to say in those regulations and rollbacks have taken place in most cases they had been consecutive orders its a timeconsuming process. I think you want to have a disagreement over to why racines 3 growth in your try to say its because of obama policies. The truth is i know speaking to Business Managers and ceos they had been sitting on cash because they had been strangled we know what the numbers were under president obama. Put it up quarter by quarter. Let me add one footnote to that i taught economics for 20 years. It was actually a financial crisis that started only in the housing sector. The fact that banks could not do risk analysis anymore. It causes the Great Recession that my friends referred to on the other side of the aisle. We had been digging our way out of that government intrusion forever. That is not the subject of this conversation. Were talking about a tax plan that field. And part of the reason is lets talk about this. As a result the air force have all of these rules around reconciliation. Dont you think the two of you shouldve gotten together and all of your colleagues shouldve gotten together to come up with a real plan for tax reform that you could agree on since the American People want that. Thats absolutely correct back to the 3 . Lets back to the 3 . Lets put that aside. Lets go with what has actually happened here in the halls of congress. There had been zero not one hearing on this bill. There had been markups. However not one hearing. Back in the reagan era. It took two and half years and more than 30 hearings in the house of representatives everybody. Talking about the details. Let me get a word in edgewise here. They actually did have a plan. That hundred seven votes. They had raised spending 11 trillion. They focus on that. That is one of three proposals on the tables. That is a plan. And theyre talking about their great concern. We are still living under obamacare. We are doing a tax plan. They had one that would put you immediately there. You are both can get voted out. Next year if you dont pass tax reform. Here we are in the 11th hour december 1 and we are still talking about where this tax bill stands. In terms of not coming together to come up with a comprehensive tax plan. Here in the halls of congress lets understand that there has not been one hearing by any tax expert. That is where you take up amendment. It is a house republican. The same thing can be said about the senate. The house house of representatives controlled by the republicans. They set the pace. They determine where the hearings are going to be if at all. Who is going to be presenting from their point of view. Its easy to talk about processes what is in this bill. A monumental transfer of wealth and the working men and women. Matt lauer has apologized for his behavior but he is still looking for more money. Lauren simmon that he with the details. The New York Post reported that matt lauers lawyers are hoping to get him the remainder of the 20 million a Year Contract to be a 30 milliondollar payout. Whether or not morality clause in the contract allows the network to withhold the remainder of his pay. A comedic legend lost. That is good. I want to tell you that you will be doing me a big favor. They found fame and his two hit tv shows back in the 1960s. In later in life he was known to racing fans as a voice at the indy 500 for more than four decades. He died at his home in honolulu. Under fire they are doling out some hefty bonuses to top execs. Seeking approval to pay between 16 and 32 million in bonuses to senior leadership. But a Justice Department bankruptcy watchdog. This is what toys r us says. They need the money to pay the bonuses to keep the Senior Executive happy as they prepare for the holiday season. Or past college. They are selling the popular drink for 1 dollar at participating locations. You have to have your drink with the meal in applebees. Yet to get food too. Coming up mapping out a future for millenials. It will take a look at the new study this morning showing the surprising sacrifices this generation is willing to make when it comes to spending. Back in a moment. Your Insurance Company wont replace the full value of your totaled new car. The guy says, you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With new car replacement™, well replace the full value of your car plus depreciation. Liberty mutual insurance. Welcome back. Baby boomers and gen xers might want to start saving. 54 percent a millenials are cutting back on going out while over 30 are willing to do things like skip a vacation the late buying a house and wait to start a family. All an idea of saving. We had been talking about millenials a lot over the last two years. They are pennypinching now. Im not sure they are pennypinching. But they are getting smarter and more savvy. For their future its about having their own savings is what we are seen a few years ago. They are realize it may need to be savvy about how much they are investing in. The economy wasnt doing as well. A lot of their counterparts were saving in a. The government as i can to be there them. What ever they are pain in they cant rely on it. I think its an important point this can happen. Do you see the trend continuing going forward. Where is this just the older millenials the chemo and 2007. I will be will be interesting to see what the younger who are now coming to age have a whole lot of alert to that. Obviously things change over time. Youve seen a shift certainly in our studies. A generation that is admired and student debt. How much does that affect the way that they invested their money. There is no question that student debt plays a huge role. That is impacting how they think about savings and investing as well. And why safer my safer retirement and pay off student debt. I think more and more theyre starting to say i wont take the vacation i will go out for the avocado toast lunch. Has brought economic implications. I think as you look forward there are some positive. They are saving more. As a acquire more income i think they are gonna going to start to be able to contribute more from a standing dash mecca spending standpoint. It is part of your marriage survey. 73 say success state success is providing for family. 40 say it donated to charity. Priorities have changed. I think thats consistent with what weve seen and millenials. I think is a good thing for the future. Hopefully they will keep giving with the deduction changes. I dont need to a lot of charities. I dont im just saying there is implications. Really good stuff. Come back soon. Coming up a verdict without vindication. Outrage this morning after they said they are not guilty. X marks the sore spot. From selling the new iphone ten. Back in a moment. I no longer live with the uncertainties of hep c. Wondering, what if . I let go of all those feelings. Because i am cured with harvoni. Harvoni is a revolutionary treatment for the most common type of chronic hepatitis c. Its been prescribed to more than a quarter Million People. And is proven to cure up to 99 of patients who have had no prior treatment with 12 weeks. Certain patients can be cured with just 8 weeks of harvoni. Before starting harvoni, your doctor will test to see if youve ever had hepatitis b, which may flare up and cause serious liver problems during and after harvoni treatment. Tell your doctor if youve ever had hepatitis b, a liver transplant, other liver or kidney problems, hiv or any other medical conditions and about all the medicines you take including herbal supplements. Taking amiodarone with harvoni can cause a serious slowing of your heart rate. Common side effects of harvoni include tiredness, headache and weakness. Ready to let go of hep c . Ask your hep c specialist about harvoni. Sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Incorporation you so much for joining us this morning. It is friday december 1. Your top stories right now 7 30 a. M. On the east coast. Outrage and siemens as of this morning. A jury finding an illegal immigrant not guilty his attorney wasting no time below the last of the verdict. From day one. It was for the mass deportation. It was used to catapult the presidency along that philosophy of hate. A closer look at the shooting. The charges that may come from the Justice Department next. And then a record day on wall street. The bill and now now hitting a snag. The similar story as they take the cue from wall street. The dax index down 1 as well. As fractional move. As you can see there. They try to take some iphone tends off of the market. An emotional moment at the billboard women music event last name. The selena gomez. Where you can now listen to the hit album coming up. And hitting the field like your favorite nfl player. Opening today. And here from some hall of famers later this hour. Our top story this half hour. A verdict without vindication. A San Francisco jury has found the illegal immigrant accused of killing kate steinle not guilty. He was acquitted on murder last night. But found guilty of gun possession. The u. S. Has deported him five times prior to the shooting. Immigration said that they will deport him once again. She and her father walked down the San Francisco peer her father spoke out last night. Saying theres no other way you can coordinate justice was rendered but it was not served. President trump called a disgrace. This morning he tweeted this. The killer came back and back over the weekly protected border. Always committing crimes and been violent. This information wasnt used in court. His exoneration is a complete travesty of justice build the wall the president writes. They are considering federal charges. And the Attorney Daniel mclaughlin. Let me get your reaction. What do you think. Its outrageous. For this to happen. You hear the comments talk about the fermenting out all of this the reason they take donald trump out of this. The reason why there is such anger here is a goes against everything that we believe in our republic about the rule of law about justice about having a sovereign nation with secure borders. This is a criminal illegal who have been deported. He was wanted for a sixth deportation. And he was released. There is blood on the hands and clear responsibility is Something Else responsible for this. It was once intended to be compassionate towards illegals. These are criminal illegals who have now this has been tipped up on its head and now americans have no rights and all of the rights go to these criminals. The fact is the San Francisco does not cooperate with the federal policy is a century city. And youve got to look at it. One of the problems with sanctuary cities is you have to understand the difference. Under the state law. And violated for Fourth Amendment rights. He picked this up. He played with it for 20 minutes. He shot it accidentally. And ricocheted 15 feet in front of him. Its a horrible case it was charged improperly. I think its a proper charge. Unintentional killing that results from recklessness or criminal negligence. How is that not recklessness. And the attorneys argued that he did not intend it. I think the da is overreached here. It should never had been charged. The added firstdegree murder. The defense have a strong case my heart goes out to the family. People look at this case not only see the death of a young woman but they feel like the rights of citizens are put beneath the rights of people ultimately it was shot down no pun intended. Its up to congress to pass a law that said you are not going to get this money from the federal government unless you cooperate with federal Law Enforcement. Enough excuses. There are thousands of these instances with victims. They had been killed. That is what were talking here. Multiple crimes. Thats why things are so backwards. They perk create a better environment. Theyre making a case that actually makes it safer. Talk about whether that is really true that not enforcing these laws. This is the case in point. Look what its done. Look at the gun free safe school zones. It creates a false sense of security. It has allowed our local county state Law Enforcement to work with our federal partners. I did as a local sheriff. And it further protected in improved the safety of the public. That is what we should be about here. We should not had to be fighting these officials. Whats once again a take for them to abide by the federal government. Last night Jeff Sessions condemned the immigration policy. What are the wider implications. We need to punish the overseers more. Have been in prison for about 46 months and prior for the last deportation. That was pointless. We have to look at all facets. Obviously it was a big question we still head. They are ten technically on visas. This has to be multifaceted. What will change this is people leaving in these cities. The rights of the few that should not be in this country in the first place. How do you justify that. They do it through clinical means. Look at bill bellagio. Get outta here. It was a privilege to be here. They came out with a study. It is a large police chief organization. Sanctuary cities do not had higher crime rates. Ironically this is a federalism argument. We are kind of get a bit of chris crossing. We have to understand that they are partisan vehicles and movements here. We have to look at the facts and the data if this man was charged in the jury could not get there. That is the rule of law. This is a horrible case. It makes bad law. We need to fix this problem. It started with an unsecured border. Ive had illegals in my county that have been deported 21 times. There is a lot of other things that they are here being on lawfully. And murders and dont scratch your had wondering why this 32yearold girl is dead in the arms of the father on a crowded peer it should be clear this is what the jury ruled last night and summary people are supporting this and with all types of other arguments its enough of this. We will leave it there. Good to see both. History in the making for the first time in 200 years. A japanese emperor is advocating the throne. Taylor fit taylor swifts reputation finally revealed on streaming services. Fidelity, where smarter investors will always be. Welcome back something is happening in japan for the first time in 200 years. Laurens amenity lorne seminary with the story. The emperor is giving up his throne not right away this will not happen until april 30 of 2019 when he will be 85 years old. Its actually the first application in about two centuries. That will begin a new era in japan which is yet to be given a name. Titfortat between qualcomm and apple intensifies. Theyre filed three lawsuits claiming it is infringing on more than a dozen images. One of them seeks to bring in sales of the iphone ten at at t mobile. They are asking for unspecified payments from apple as well as an injunction against infringing devices qualcomm shares are down 1. 6 apple shares also trading lower ahead of the opening bell. They are down about 1 . An emotional saloon slit selena gomez she was named woman of the year at the billboards awards. She chose the moment to honor her friend. To be honest i think my award should be given to her she save my life. [applause]. She surprised many with the news of the kidney transplant. In fact she volunteered to donate an organ without even being asked. In streaming news asked survivors theres well finally get access to taylor swifts album. The sixth album was released november 10 made digital download only. It sold more than 1. 2 million copies in its first week debuting at number one on the billboard charts she has been a long time critic of streaming services. It worked but now shes coming to streaming. She caved in the end. Coming up next the cowboys shoot past the redskins. The highlights from the thursday night thriller. 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™. 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Prescott gets it. Touchdown for the cowboys. Flag is down. Where the catch happened. Touchdown dallas. Thursday night football the Dallas Cowboys taking on the washington redskins. Prescott pulling his team out of a threegame losing streak. Thirtyeight14 when. Eyes are on the National Anthem. They stood during the starspangled banner. The defensive tackle david earning. Did raise his fist. Sports illustrated is giving him the magazines legacy award this year for his National Anthem protest. And now you no longer head to imagine what life is like for an nfl player you can actually step right into their shoes. Good morning to you. They are calling this the disneyland for football fans. Maybe play like gas parks prescott. Between the players kneeling into of course the future of roger goodell. A lot of hollow femurs were here. We asked them about the experience but also the bigger question is football in trouble. Its not that theyre not interested. Having the fans been able to come in and beat as close as you can get it. On the field as a player yourself. I think its phenomenal. With the time and effort trying to make them really feel what a player feels. Or the experience of the nfl. The interaction more to the public. Just be out there with part of the game. They are loving this season. The eagles did a great job. A big story this week was the benching of eli manning. We asked for the reactions of that story. They shouldve done what they did in the past. And through the organization. He has been one of the greatest players ever. Sometimes is just a simple spike. When a guy scores a touchdown. And they would hand the wrath the ball. There was something about it that was even cooler. Thats the goal. I leave you with this right now. You can play it like a quarterback and lets hit it theres dez bryant. Touchdown. Thats it im talking about. I think you so much. Till death do we part. 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It was always our singular focus, a distinct determination. 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. Specialists focused on treating cancer. Using advanced technologies. And more precise treatments than before. Working as hard as we can doing all that we can for everyone who walks through our doors. This is Cancer Treatment centers of america. And these are the specialists were proud to call our own. Treating cancer isnt one thing we do. Its the only thing we do. Expert medicine works here. Learn more at cancercenter. Com Cancer Treatment centers of america. Appointments available now. Maria good morning. Thanks for joining us. Im Maria Bartiromo happy friday, it is friday december 1, your top stories right now 8 00 a. M. On the east coast, tax reform hitting a signal, the senate failed to get a vote down late last night as republicans try to pass the largest tax overhaul in our nations history one of the key concerns the compact on federal deficit a holdout bob corker spoke out after the delay. It is a working about the amount of money that, was o going to be part of the now automatically. I am happy with that so works. Very latest as lawmakers push forward for a possible vote today. Stocks sturnld on hope of a deal yesterday dow above 24,000 for the First Time Ever, with 350 point rally but look has what is happening this morning, a pullback dow industrials down better than 50 appoints a quarter of a percent lower s p down a third of a percent the nasdaq is down twothirds of a percent. In europe, this morning, similar story europeindices dow4 of a percent asia overnight stocks mixed fractal moves verdict shock outrage after a San Francisco jury found illegal immigrant who shot and killed kate steinle not guilty of murder have man had been deported five times multiple felony convictions, right script cva closer to a deal with aetna two be worth between 200, 205 a share instagram maintenance business the companies that are now on if network. What is worse than about instant other flirting with somebody else if they stream without you, of course, harry meghan official almost, in public for the First Time Since announcing gaefrnlt to break it down fox business dagen mcdowell, kevin kel Kings College is about economics professor brian. Great to see you good to be here. Busy morning. Dagen all back to taxes. That is where mind is. Maria because it is where everybody elses mind is right we are trying to react to what the American People are telling us that is important. Biggest thing with deficit is that it actually kept riegz under president obama he kept extracting more and more tax revenue guess what government kept collecting more 3 1 2 trillion dollars in tax revenues from businesses and citizens going to spend 4. 1 trillion dollars, then not going to pass this . Dagen comes down to government doesnt know best we make best decisions with our money. Right. Dagen not government that used to be ideology of the last Big Government was bad, Big Government was request evil what happened to that . Now lets take more and make decisions for your life these bureaucrats. Less conversation one gets the credit for 3 growth can you imagine . That is not the point the point you need 3 growth year after year after year so dont gut the part of the tax bill that biggest progrowth element of it that is what we are talking about today. Maria absolutely i want to talk right now, more about this joining the conversation this morning, House Majority leader Kevin Mccarthy with us entrepreneur realist tv star Bethany Frankel will stop by host of Varney Company Stuart Varney as well a big hour coming up, right now, and kick off now with Top Stories Senate republicans racing to pass tax bill vote is expected some point day blake burman with the latest developments good morning to you. Reporter good morning to you here is what i can tell you from the with White House Point of view they believe this morning they have 50 votes locked in but the cautionary tale have Health Care Vote we saw earlier this year you he never want to being in just having, 50 votes, so they continue to work it this morning. Among one of the outstanding issues, is whether or not the Corporate Tax ratepayer will be increased over time, this stepup with increment rate i can tell you at the white house they feel that will not end up being a part of the tax bill as put to me simply put, the vast majority of the republican conference does not want it we will see if that is indeed the case, this all became an issue yesterday when the nonpartisan analysis, a new one came out that said that this tax bill the senate plan will not pay for itself through growth of the administration has claimed, a trillion dollars over a decade and mechanism that triggered a potentially fry to stop that, is not allowed under senate rules however Senate Republicans did get a key vote this morning, steve wants to change to how passthroughs were taxed said he is in. I am planning to vote yes on the tax bill the win we obtained last night was to have it really a hundredbilliondollar tax cut, for main street businesses. Reporter President Trump tweeted he said i quote republican senators are working that ared to pass the biggest drutsdz in the history of our country, the big is Getting Better and better this is a once in a generation chance obstruction of dems trying to block they think it is too good will not be given the kreshgsd maria yesterday morning, you might remember i stood here and said, timing up on hill is fluid we expect a vote later tonight. It is broken record time because i will tell you once again this morning, timing up on hill is fluid we expect the vote later tonight. See if it happens, they feel good about it over here at the white house. Maria that is good blake thank you so much black blake at latest there joining me from capitol hill House Majority leader Kevin Mccarthy good to see you this morning. Good morning. Maria thank you so much for joining us right now, okay, can you walk us through what happened last night . I mean here we are, yesterday, watching the markets rally 350 points a lot of optimism about what your colleagues yourself have done your chamber once again a snag in the senate can you walk us through what went on . What went on last night remember trying to make major tax cuts and reform, through a process that in the senate, still lives on old rules. Goes back to senate rule old bird rule element, coulder put in bill doesnt meet criteria if in bill takes 60 votes the parliamentarian would not rule in their favor took a pause worked through tonight you watched senator danes come forked on fence now for it i got off phone with few senators i think so offed this problem able to move forward pass that bill today i announced yesterday we are going to call house back in we were supposed to come in next week tuesday through friday we are coming back in monday, because we believe the senate will get this done today, we will vote monday, to go to conference, about will get both bills inside conference together work out differences get this done before the end of the year. Maria well, how much are they is the fact that we are seeing personal issues, between people like bob corker the president jeff flake and president is this personal fights getting in the way of legislation that needs to happen, to make the American People see progress . I dont know if person i know they care about debt everybody cares about the debt only way you are going to solve the debt is to grow this economy, and do something about entitlements, this is really doing something about debt getting people to work let people keep more money in the end, more money will come into the revenue and development. Maria so you are saying that you are going to bring everybody back next week and you believe, that they are going to pass this in the senate today, i know coming back 11 00 a. M. You think they worked out their differences, in terms of of the debt . I think they worked out differences enough to get this bill through. We will 911 go to conference we will take the senate version, however it ends up at the end of the day, we will take the house version of what we passed in this bill, put members from betting houses in the senate in conference work out differences bring back voting both houses send to president for a sighing. Are you expecting 20 corporate rate to be permanent. Yes any change to that doesnt make sense. Right. We want get this country moving, watch what the studies have said if we lower corporate rate to 20 brings 4,000 more dollars into households really dealing with the individuals and getting more money into individuals across the country. Ron johnson saying look the corporate 20 passthrough 25, he wanted changes there, i guess you were talking about perhaps moving to 22 that is still on the table . Well if you watch senator steve was with ron on this issue came out said they made progress last night, to 23 and deduction of what they were looking for i still believe the house version is better passthroughs if you look at what is able to provide for Small Business, i created my first Small Business 20 that creates more jobs in this country than anything else, and i believe, that steve danes it is a sign ron johnson should be able to get there as well. Maria are you go about to keep in trigger bob corker was pushing . You cant it goes against rules is that off the table . Well, it was a not in the house engineerings. Maria i know that. I am one i dont understand how you do a tax cut bill trying to put in a tax increase. Maria exactly. Makes no sense to me. Didnt pass parliamentarian rule in senate very difficult to be there i think will look for other ways, to get the concerns of the senator corker and flake back in aboard identical at the end of the day they will be. Whats levers to push in terms of making him feel comfortable with this bill should, the growth not be there . Well there is other ways to find if concerned about how much money is being spent. You can make cuts in other places, and i think, that is all on the table they will look i know discussing it last night, i think senator flake was in a better position the end of the night from what i am hearing but i will wait until both of them speak for themselves to see where they are i am going to right time to watch the vote. What do you think about individual mandate does that stay or go . Right now i see it staying in the senate not in house version, but if it comes into conference it could stay in the final bill, as we move forward because you look at whatever differences there are, you have conference Work Together that adds a great deal amount of money in savings think what a individual mandate is 19 Million People last near for obamacare paid penalty or took a waiver, so it is a tax upon individuals and looking at tax cuts element why you can being find pretty good tax cut hits lower income of america. If this doesnt go through are you expecting to get voted out how is accountable here if in fact this fails. If this doesnt go through i dont know why members stay around here from standpoint this is what they promised to do not about your election this is about the country if you want the next century to be america, this is this is the chance and the opportunity to do it. When you look around the world, it shows america is again, taking up big ideas moving the world in a pattern of what we want to see, having the next opportunity for the future generation. Maria in retrospect could there have been things done differently to actually bring people together . I am just had a conversation with two he congressmen each different sides of the aisle couldnt agree on anything i am thinking this is the problem should things have been done even on president s level so fights did not get in the way of actually moving forward having progress . There is going to be debate that is fine this is a place to have debate. But it is not about here anymore it is about this country no longer is it that one side wins and has to destroy another side, what everybody happened the end of the day my business world, i would finalized an agreement, that both sides won on ive got something i want you were able to achieve something you want whole country wants i think you look so you comree threaten if this doesnt go through, 911 members you should get voted out you he agree. If you made commitment to get this through you cannot make it happen i dont see how you go back to voters i am proud of what this house has been able to achieve you look at all elements we promised we achieved it i was looking at company car um just go on data, they looked at the first 00 days this is the most Productive Congress in the last lack to h. W. Bush, unfortunately on senate side hasnt had same results. You are right unfortunately, doesnt matter if you just dont get to the finish line right you have done a lot just doesnt matter at the end of the day, it hasnt actually made progress we are going to be watching the American People hoping you will get this done we will be watching 11 00 a. M. Let me switch gears ask about what happened last night a jury finds will nominated immigrant Garcia Zarate not guilty in murder of kate steinle had been deported five times want for sixth deportation at the time of the steinle shooting in San Francisco in 2015 you are from california the department of justice considering federal charges on the case what is your reaction this morning. It is so appalling mie heart goes to kates family a crime should have never at an place this individual not only the deported five times had a number of felonies never should have been released from jail. It it is appalling that we dont live under the rules law, you cannot sit back in a city like San Francisco and pick and choose, what rules law you want to levine under this is United States of america i think the rest of the country is pulled a by this. What are you going to do about. It if you watched in the house we passed kates law it is sitting in the senate. I hope when they get done with tax take that up send to president s desk this should never happen to another family. This should not happen in this country, there is no reason, why, the number of felonies this individual had number of times came illegal across the board shot measured american citizen should not take place in this country again. For sure congressman good to see you thanks so much. Hours majority leader Kevin Mccarthy joining us a short break a lot more to come. Stay with us. Maria cva health ready to make a purchase Lauren Simonetti with zmeels could be biggest of the year the wall street journal says cva closing in on deal to buy aetna more than 56 billion dollars, cash and stock, it would create kahealth care giant capable of selling everything from gloves to health insurance. People familiar with deal say it would likely be valued between 200, 205 dollars for each aetna share could be announced as soon as monday cvs has been looking to did he fers via since rumors of amazon entering pharmacy business cva down 1 in premarket, stanford university, is dealing with a Security Breach affecting 10,000 current former employees, about Officials Say personal information including Social Security numbers, salaries left on a shared drive for six months. The problem discovered University Investigating an earlier Data Security issue, this is actually the third data privacy problem disclosed in past two weeks, all right, here you go, prince Harry Meghan Markle stopping out First Time Since announcing gaerment hundreds fans lining streets of nottingham, visiting a project working in city to raise aides awareness first stop on six month tour to, give markle opportunity to learn about country before their wedding, what did she wear ankle lengthy navy coat. Are you a network okay. I watched it on my way to work, i started two guilty as charged, turns out so many people, three quarters netflix fanatics watching episodes, a quarter consider that worse than sending flirty texting messages to somebody else, i am supposed to tell you netflix shares down premarket who cares we are all it is worth cheating watching a show . Than sending a texting to someone else . I mean come on. Give me a break. My husband does get upset when i [laughter] yes, we have crazy schedules but it is one thing i think, not to getting back to cvs situation. Why because hold on because this is actually very important. The netflix sorry on netflix story but is not predicated on amazon is predicated on pharmacy benefit managers pricing comes heather says no, no, no insurer now you are having alienate integrate horizontally a gamechanger bigger than at ttime warner. Amazon story what you are saying. I mean im sorry kevin compete breaking news on bitcoin a boost this morning, u. S. Regulatory have approved cme and cboe for Bitcoin Futures cryptocurrency up 6 details this hour stay with us. Prices at pump this Morning National average 2. 49 my members to guess predicting prices go higher today and into new year patrick dean of gasbuddy. Com thanks for being here. Thanks for having me. What do you see happening you he think oil prices gasoline prices will be higher. Inevitable a decision made russian joining in extension i should get straight extension to production costs oil prices already up percent this morning weve had it really good last few years, but going to be a new point from this point forward, the National Average is already higher this year than last year. 2018 even higher this is time of year where we may save higher prices towards end of the year as oil companies, liquidate part of event kind of gets market going zwriems gas prices will move higher weeks months ahead. How stable is saudiyou russian alignment need very different prices of oil to make budgets work you could see this sticking over 2018 . Or do you see this sort of falling apart in oil prices coming back down as a result . Well, i think the saudis, and i bring up a good point twoibl huge players in oil at least for now both alined i think russia has a bit different jaepd agenda than saudi arabia what is going on in saudi arabia corruption scandal, economy still on the mend they need a higher price of oil than russia does russia probably eager to raise production you could see cheating on russias behalf not a member of opec, the commentary could be different there keep in mind in the backdrop u. S. Producers, that are probably starting to salivate at prospect of Higher Oil Prices we could see a little bit of cheating, from russia we will see u. S. O producers ramp up but in the back drop keep in mind opec policy changed a year ago led to u. S. Oil inventories this year over 120 Million Barrels lower than a year ago no matter what cheating happens looks like inventories tighten going to send gas prices higher. Patrick you brought up though how u. S. Oil producers i think the big factor into this, especially because Oil Rig Counts up starting to see that even exporting oil over a billion over a Million Barrels of oil day were getting out of this country. Wont that if supply and demand story are they going to keep pumping . Analysts across street say 60 probably top on oil we will see probably go down to 50 dollars a barrel. You know, you raise a good point for the argument for higher gas prices that is u. S. Oil exports continuing to ramp up so long as that oil that was once landlocked to United States, ising sent out to other countries we are going to face pressure hesh at home, in the form of higher gas prices. Ive got to push bark on this you think gasoline going higher oil higher what about the fact u. S. Is major producer the reason oil prices actually before most recent you know terror worries, worries about saudi oil pushing oil back up the fact is, america is an incredible producer and princess alwaleed three years ago said forget 100 dollar a barrel oil anymore it is new game u. S. One of the leading producers how can you say long term gas and oil are going up, when we know that the supply in market is going to be much more due to u. S. Production . I would say that because saudi capacity probably much hire that u. S. Right now. If opec aligned cuts oil production, the u. S. Cannot quickly see offset to huge cut in fire trucks or extension cuts, that is why even though u. S. Has become a big player, in global oil production, that weve seen in the last year, u. S. Oil inventories declined 120 Million Barrels no matter what opec does they are a larger force to be contendeded with than u. S. Do expect u. S. Producers a bit of a winery in this kind of situation but they cannot offset amount of cuts being talked about amongst opec and russia. All right patrick good to see you thanks so much we will be watching the developments patrick there, coming up blue apron ceo stepping down the company will need to cook up a new strategy amid prediction problems, tv Reality Store lending a helping hand about efforts to help victims of hurricane mar rao wiia joining studio stay with ress, we should grow the economy. Not the debt. Maria welcome back. Good friday morning thanks so much for joining us. Im Maria Bartiromo. Friday december 1, top stories right now 8 30 a. M. On the east coast. The senate racing for votes this morning republicans forced to delay the vote, on tax reform last night, some lawmakers are not a yes like yet, House Majority leader Kevin Mccarthy spoke earlier weighing in a on fight for votes this hour. We believe senate will get this done today we will vote monday to go to conference, which will get both bills inside conference together work out our dfrns get this done before the end of the year. Delayed vote weighing on markets this morning take a look where we are, this is well off the lows of the morning, i should point out, earlier the dow industrials had been down 100, things coming back, significantly, about Kevin Mccarthy said he does believe they have votes this morning, and to watch closely at 11 00 a. M. Eastern this morning, that is what he just told us a few minutes ago, dow s p, nasdaq down fractionally right now, in europe, similar comeback to look at european indices ft 100 moving territory cac quarante down, dax about one half of 1 asia overnight stocking mixed nikkei average up half a best monthly recipe for blue aip revenue founder stemmed downs so far investors liking news trading up this morning as you see 7 , another vote of confidence, in bitcoin, u. S. Regulatory approving futures trading of Cryptocurrency Bitcoin trades up 6 premarket there is this, instagram boon for business 25 Million Companies now use social Media Service up from 15 million in july. What is behind that explosive growth coming up gen motorists seize driverless taxis hitting roads in 2019. That coming up half an hour first this top story this half an hour hurricane heroes, has impend 10 weeks since Hurricane Maria swept through puerto rico country in dire sneezed assistance come take matters into their hands, my next guest doing just that entrepreneur cofounder of the strong global bettor bethenny frankel, Michael Caponi founder director Global Power Mission thanks for joining us for efforts you are one of the most recognizable faces in reality tv big deal you did what you did you spent more than a Million Dollars to fund aid efforts in puerto rico tell us what you have done how it is going. What we have done the effort about 40 Million Dollars, a massive relief effort the money over a Million Dollars goes to cash cards, that we raised goes to cash cards so the people get what they need but together we have amassed relief from all over the country from you churches Convention Centers people were not organized how to get relief to puerto rico amassed in a warehouse in miami in competence of 40 Million Dollars in relief, don aitdz, 54 planes donated now into cargo about containers, 10 to 30 every last week going to puerto rico, u. S. , dominica, saint martens really, really bad there, there still is no electricity most of the island people stop you on main roads, it is really still we need water level. Maria incredible how do you see it . Pretty bad serious situation, and we are thankful that there you are your awareness. You have been involved in Disaster Relief for a long time how does this caregiver from other situation you are seeing . It differs, because it is the United States. That is a good point. It is u. S. Virgin islands nobody is really talking about it as stle should be half caribbean without economy in fact completely shut down. Really is a media thing too if like what is the crisis lately first with about texas horrible i have been there raise for texas gen shuffled aside worried about florida no won talks about florida anymore like, they are still having same problems only 68 days after the hurricane. So you have to kind of keep rerejuvenate night it no one talking about it dominica we have nothing. Why so important to you. Was i able to make a difference the word humanitarian i dont want commendation i am a businessperson needed people to come together, i give one hundred percent of what we raised directly to people i come home with cash cards we dont give directly to people the point is i am a businessperson, and you have to deal bring poor people together i was sort of orchestrator switchboard bringing people home, when i saw difference in texas and mexico i said i have to continue. So sort of was like a calling just felt like wow oh, my god not like a plan it is i cant believe i was able to do this. What do you want to see in terms of federal help how has that been . He weve really tried to operate independent i think real story how country came together we realized, that we have collected aid in miami for example 2, 3 Million Pounds we realized, that there aid collected all over United States, every single city bethenny and i would tweet collecting aides for the nation. We had 18wheeler trucks, every single day for a month and half. New york, chicago, everywhere. I am going to cut off are you great me not saying this big fundraisers you hear big things going on not getting it we have been to offer 400 church, over 50 communities, out of 78, every time we go they say you are the only ones who are coming no one has come here, you a all big money we believe going to administrative costs all the big money we have done this with a couple hundred thousands. Have you he spoken to administration about this . I have we went sort of rogue i didnt want to ask for permission later get in trouble if because we had to do it you asked about i think it is a organization you are talking about it is not organized, so you said what do we want politics and government who is in charge what is the plan . There is no organized plan maybe, someone thinks, someone else doing it i can tell you we have been there both of us many times, it is not being done not organized. Talk about x percentage of pour they have, they have the ability but people dont have the power, they may have power and plants people dont have the power. So we know that the ball has been dropped we are not placing blame we dont care we connect people, but we know that the ball has been dropped. Initially the governor had said initially said look immediate response, the administration has tried to help, and they are doing as much as they can, initially that is what the governor had said. Okay. So we had two very high profile celebrities call me directly hi can you he hope us with a plane, they said, both events we called red cross we said hi we have money, we have money want to do something they ended up coming to us red cross wouldnt even help with plane not that they have to pay these people going to pay for plane red cross didnt help, i have never done in entire life person helping two celebrities get charter plane fill plane distribute. Good for you that is terrific. The only community the result of this run for president , the success in philanthropy. I like to walk in pajamas a lot that is the problem i dont think i can conduct business my pajamas i dont like to kiss peoples as, we like we want to do when a we want to do without having to have i can tell you i have been doing this since 99, the kosovo war been to haiti 90 times, every mistake there made, and never you know, praying like we need Something Big to happen big thing how are we going to do it on our own all of a sudden she came in, she was on the phone chats with us 7 00 in the morning 2 00 in the morning talked to her more two months than i have to nom five years. To people we dont know. Made a difference. Your you are an incredible entrepreneur worked your way to the top selfmade, what is your advice for other emerging entrepreneurs that are watching we do a lot on Small Business how have you done it. I guess this was like starting a startup something i didnt know passion driving connectivity you have to have good partners i didnt know any of these people delegate be organized execute get it done dont ever assume anyone is smarter than you go figure it out. Good for you thank you for what you are doing we will watch at a developments, thanks to you to find out about the foundation be strong globally Better Initiative make donation go to global apartment mission. Org, new direction for blue abe proton the Company Cooking up new strategy ceo stepped down, deals on ge driverless taxi service, gen rally motorists we are going to tell you about it in a moment. Maria welcome back General Motors gearing to up roll out Driverless Cars Nicole Petallides on floor right now. Good morning. We are seeing gm relatively flat big news talking about big margins some folks think the margins and forecasts a little aggressive pertaining to taxi service apparently the wave of the future, they are saying currently 7 1 2 on 166 billion dollars annual revenue in global car sales this whole yz of robo taxis, saying driverless car service will bring them 20 to 30 margins in year 2025. And these drifrverless cars in big zez by 2019, ford tesla toyota everybody trying to battle it out for the bike bucks in this arena. Then we talked about this ipo in june turned out to be one of the worst ipos of 2017 said they have competition from kroger, amazon, meal preparation you dont need a inscripti subscription a ceo changing 470,000 salary cfo movers up that is difference going to move higher take that ceo role says obviously that they have to focus on some operational challenges, that they have. The stock up 7 today, down 70 from ipo in summer a lot of work to do to take on in this very competitive area. Maria thank you so much we are talking tax reform this morning republican senators scrambling to secure report for bailout a vote set this morning a few minutes ago you heard Kevin Mccarthy say at this point we have the votes, watch 11 00 a. M. , at that point the market completely reversed course, joining me right now host of Varney Company Stuart Varney to talk more about it stu look at this market completely back after kefb mccarthy comments 20 minutes ago. I said way, way earlier this mourning think down triple digits. Maria right. Now as i say all the way back again because of ken mccarthy comments yes, we have got 50 votes i repeat that i have been saying a long time i cant believe the last minute, this Republican Party will say no to tax cuts i just cant believe it. I think there will be a yes vote at the end of the day, we go back to bob corker senator corker ten 70, kind of gummed up the works, late yesterday, by worrying about the deficit. And so youve got this speed bump momentum slowed came to a halt going to pick it up again today i dont think it matters whether they actually put into the senate bill, because it could easily be fixed and changed in the housesenate concerns Committee Study say it is going to be a yes vote this is going to be signed by president before christmas i think sooner or later market will again reflect the that we villa see. 11th hour offset last night we saw what was going on in markets yesterday they really feltat john mccain said yeah aim yes vote that we were there, and in fact, you know a something that turns everything around so i think comments by a the majority leader really went a long way in terms of putting confidence back in this market. Yesterday, we were on the air i think it was 10 00 or maybe earlier 11 00 hour when senator mccain said i am a yes on tax cut detail a very exciting moment. Because that changed the whole ball game, people of expected the man to say no, turns out says i am a yes, that market went straight up, i mean it gained i think at least 100 points, soon after the mccain statement, you know, you are right again maria that is exactly what happened this morning, a real turnaround for the markets when Kevin Mccarthy voices optimism that you will get 50 votes in the senate. Right. Another good do a. Probably, we will watch 11 00 a. M. Going to happen, joining Varney Company we will be there stu see you 10 minutes thanks so much Varney Company begins top of the hour 9 00 a. M. After mornings with maria join stuart as we are going to see fryers later probably real Market Reaction as well once we get that official vote count, coming up cliques and bricks over 25 million businesses on active instagram break down potential benefits back in a moment. It can detect a threat using ai, and respond 60 times faster. It lets you know where your data lives, down to the very server. It keeps your insights from prying eyes, so theyre used by no one else but you. It. Is. The cloud. The ibm cloud. The cloud thats designed for your data. Ai ready. Secure to the core. The ibm cloud is the cloud for business. Yours. Or a little internet machine . [ phone rings ] 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. Choose by the gig or unlimited. And ask how to get a 200 prepaid card when you buy any new samsung device with Xfinity Mobile. A new kind of network designed to save you money. Click, call or visit today. Maria wall street journal reporting that now senator ron johnson is a yes on the tax bill extending what we just heard, from Kevin Mccarthy run a johnson apparently now officially a yes real positive development we are hearing your thoughts here . Dagen this is in addition to to excuse me, senator daines from montana a yes this morning, they had similar problems, with the senate bill. They are getting more favorable treatment in the senate bill it seems, for the passthrough entities passthrough businesses that are taxed on their on individual rate so it seems as if they probably got effective rate on businesses again was 25 remember in house bill, they wanted it at 30 or lower, the effective rate was in original bill the way written at 31. 8 so they have gotten more favorable treatment there now we have, Bob Corker Jef Flake to worry about, and in addition to Susan Collins remember john mccain market took off, when we found out that senator mccain was going to give this bill just going through own passthrough rate i think this was a big win because a lot of people in Services Overseas whether you own practice you are a lawyer or an accountant broker dealer adviser what did you super high tax on passthrough complexity in this this was a great thing to stand up on get that passthrough rate to 25 that benefits more businesses in u. S. , than changing corporate rate to 20 . For job a creation is. I dont think surprising they got this done it is n lyle republicans at the end of the day are going to oppose better rates for Small Businesses, it is not the same kind of hurdle the deficit hurdle for corker for flake, that has been the big issue now you can see still remains the big issue. Maria we will watch obviously the vote come back into senate floor 11 00 a. M. So that is really, critical to watch, instagram not just about friends and food pictures anymore revealed 25 million businesses using platform up from 8 million since march a big deal not just businesses started on social media but traditional business realizing this is a viable this is why eyeballs are especially younger ask consumers interesting to see growth in a year and one half 25 million business, by the way, interesting 50 of business dont link outside of instagram means instagram is their home, for ecustomers you see platforms even starting to supplant traditional web sites that is good news by the way for Small Businesses they need these cheap channels where they reach consumers that is what internet provides. Just to get on platform thing facebook owns instagram leveraged through facebook platform analytics if you think one of the reasons why myers acquisition tumblr didnt work didnt have digit platform used facebooks platform if you look this is why snapchat has not done well ipos, devastated in Public Markets they cant compete against instagram the big joke on wall street is is that it is fascinating spiegel was able to take snapchat public cheap innovation officer of facebook that was joke. We focus on amazonive said repeatedly but instagram a powerful advertising sale channel for very Small Businesses, red land cotton sheets brookline, carbon 3 makes active ware, free burg shows brands i never would have heard of if not for instagram targeted advertising is so spot on you get a sense what people like what they dont like are you into tattoos hand made shoes whatever you are into likewise for incredibly niche he were oriented advertising whole businesses have grown out we need to be careful there has been targeted advertising against federal rules were able to where targeting i dont want to advertise my rental housing to africanamericans poor people things like that facebook under attack said would fix it have not done it there are issues. Dagen i was talking about instagram people. You can target analytics. 800 users about incredibly powerful final thoughts when we come right back. Stay with us. Great show everybody thanks so much see you this weekend. Saturday, sunday morning future on sunday heres vanny and company and stuart over to you. Stuart thank you very much indeed on the edge of history or on et edge of total failure. Decision day on taxes it is now. Good friday morning everyone. Start with a market. Futures just turned around. Mildly positive a few momenting ago. They were down triple tijts at one stage. Now a real comeback after House Majority leader kechi mccarthy says yes senate does have the 50 votes needed to pass it. More optimism in the markets this the mommy. But we have to bring you this number. Shopght shouldnt be there but at this number 6. 1 trillion thats how much the value of stocks has gone up since the election of donald j. Trump what is a rally and a half