Transcripts For FBC Mornings With Maria Bartiromo 20171204

Morning. Every segment of taxpayers, every category of taxpayers get significant believe. 200 a year, but the regulatory believe, the reasons the economy is beginning to pick up. I think this is going to get them going again. Lawmakers make christmas push for the reform coming out this morning. Rising threat launching joint air drills following yet another missile test for north korea late last week. One lawmaker is calling on the government to remove u. S. Military families from the region. In practice this morning on fire expecting a pretty good rally on the heels of the Senate Passage of the tax bill is better than 200 points right now complete reversal from fridays uncertainty. S p 5002 thirds of a percent of the nasdaq up one half of a percent by now. Dft 103 quarters of a percent right now. Cac up 1 of the dax up one and a quarter . Asian markets next at the close does he see shanghai japan lower. Hang seng at the court of a percent of the kospi of better than 1 . Drivers with an eye. Ford motor recalling 200,000 pickups and suvs. What you need to know before you hit the road this morning. Kaduna may be doing just that. The Team Reportedly could fire him as early as today. The latest after the giants lose after the head scratching decision to bench star quarterback eli manning last week. Plus the late hit that could have the patriots tight end with sleek officials all coming up right here. To talk all about it, Dagen Mcdowell. Connell mcshane with us on the wall street editor Jon Hilsenrath. Good to see you. Happy monday. Welcome, carmel. Very nervous to be your. Back with dagen, could be awkward. Trevinos awkward comment you Maria Bartiromo and connell are my two favorite people ive ever worked with my entire professional career. In neil cavuto. I had to sidney lanier. Day one of you joining us. Im happy to be here. Should be fun. True they dont solid up, connell. True to tax reform happenings over the weekend. New york congressman peter king is with us. From the reagan white house, chief white house political adviser ed rollins is here from whitewater independent counsel robert ray in roxy senior judicial analyst judge Andrew Napolitano is here. Ceo and former nfl star jack brewer is here. Thus to talk about in football. The top story can make a merger with a shake up for an industry. Cbs has agreed to acquire Health Insurance giant aetna for 69 billion would combine the Health Care Group which operates more than 9000 pharmacies that covers more than 22 Million People. Aetna shareholders to receive 207 a share would mean cash and stock. Chief equity strategist bill orlando talking about that in markets this morning. Thanks for joining us. We talked about this before that it is really an impact of amazon, which people dont realize. Amazons tentacles are so wide and we dont know how the aca might be restructured at some point in the future, so this is a deal that has an impact from those phenomenon. Companies want to note a computer how to compete and this is their attempt to do that. An ice pick out because it hasnt been so great this year. We see it across many industries. In this particular case its a Fascinating Development that could shake up the entire health care industry. The deal with advocating together with cvs we are bringing our medical care into the pharmacy, talking about expanding Nurse Practitioners when you have a fever, you go to the pharmacy to get help if editor. We always like that. Other onestop shot. Almost like a walmart effect. You can go home with dinner that night and some close for the weekend. If you go to cvs, just little things, Nurse Practitioner could be there eventually whatever it may be, supposed a lone dissenters there. The idea of integrating everything and putting them in one place seems to make sense. Maybe faces regulatory scrutiny im not sure. Dagen, mentions walmart. Its not the amazon effect, the walmart effect. The pharmacies in the instore health clinics, that cvs and at a together are looking at that is already an existing editor for this combination. Driving down the health care cost, the Cost Reduction with the discounts you might get on drugs is potentially like the skys the limit for driving pharmaceutical costs. One of my questions as puzzled as to and many within the industry. Are we going to see the health care in the pharmacies across the sector. The answer is yes. It is going higher as well and that is one of the things we thought would be an offshoot of tax reform getting done. One of the key elements was repatriation close to 3 trillion back to the United States. Certainly health care is going to be one of the key areas. R d is one of the questions this morning. One of the unintended consequences in the senate bill where they reinstated, reinstalled the corporate alternative minimum tax could undermine research and Development Tax credit. Its your top story in the journal today how businesses how they started revolting the fact he turned and the r d. That is not in the house bill. When republicans see the way the Business Community is react to this, the ceo, bob and mary. What the senate did in the befuddled mass drove me out of business then bragged about the fact that the tax reform passage that is largely due to what youre talking about. Obviously house and Senate Republicans will be reconciling the name. Lawmakers are hopeful they can make this law this month. Watch this. We can have this within 10 days. Both of us are pretty close on that. They are not that big, but there are key significant differences they need to work out. Theres also that the amt, what the final plan could look like. I dont think the senate bill in hospital are that far apart. It was a surprise to me and thats something that will come out in conference. Traded to dallas a lastminute change and i would argue one of the recent Senate Republicans did this because high income people in high tax states, new york, connecticut, california, they take advantage and was kicking it over so they were like were just going to make a text message them for thinking about leaving new york. In the senate not repealing the entire amt. This is the pushback from the leadership whenever complaints about the deduction going away. Kevin mccarthy was on the program saying you cant repeal the amt. Now what . Dagen i will point this out to Mitch Mcconnell. Individual taxes going up by Many Americans in high tax states. In the house the differences to 45. 6 bubble rate the house inserted still in the house bill. The bubble rate is still in the hospital. Its not in the senate bill but it is in the house bill. Theyve got to come together on the 3825 as the top tax rate in the senate bill. They are not cutting taxes on people. Those are all in blue states. No republican senators. Are republicans who live in the states. Maria meanwhile the government set to expire at the end of the week on friday. Republicans say democrats support to pass the funding bill in the senate. What happens there . The theres a lot of variables there that could trip data. They are looking to do a twoweek bridge to close the christmas. A lot of variables about whether the democrats demand something on the dreamers in the dreamers in that bill, whether they do something on child Health Insurance. So thats a real wild card. We have a shot dead in the next two weeks, but some people think the president wants to see that it will help them. Maria will basically tell people who is governing and who isnt governing terms of both sides. Meanwhile, markets are up 200 points right now. We spent a long time talking about the personal side. Whats going on the corporate side is whats driving this. Our Corporate Tax rate statutory 39. The highest Corporate Tax rate in the world. The global average is around 24 . If you can bring the level in the 20 to 25 neighborhood can fix the impression problem that becomes a significant deal where you can talk about gdp growth from 2 up to 3 . Weve seen that over the last couple quarters and that is what the market is excited about. Sustainability of 3 gdp rate. President said he could accept a 22 rate instead of a 20 tax rate. That was a little bit of a walk back. As the marketer is 20 , 22 . Lets make a deal. I bet the president of starwood 15 and be willing to negotiate out. He put down a 20 marker which was was higher than he thought. If one is to get somewhere within that 20 to 22 . That puts us in mind with the world and eliminates the problem which was because their rates are simply too high before. Will we get a selloff if its done . Thats a good question. I dont know. Other issues going on. The election going up in probably 10 days or so. And you dont have the final bill. On friday because of the erroneous claim he was suspended for. Trader joes shows you what the markets think. They think no collision. Friday the surprise report from abc suggests the president spoke to lead to direct him to russia before the election. Of course we learned this was in december after the election. The network has to, provide and suspend brian ross. Truth read brian roth is off for four weeks for incorrect reporting. Trade to south korea and the u. S. Launched joint drills as they continue to fund to find that north korea the escalating tension ahead. Ford truck and suv recall drivers and passengers you need to know about. Well bring it to you right after a short break. The the bottom line is, for your goals, this is a strategy id recommend. Huh. This actually makes sense. Now on the next page youll see a breakdown of costs. What . Its just. We were going to ask about it but we werent sure when. So thanks. Yeah, thats great. Being clear and upfront. Multiplied by 14,000 financial advisors, its a big deal. And its how edward jones makes sense of investing. Searching one topic. That will generate over 600 million results. And if youve been diagnosed with cancer, searching for answers like where to treat, can feel even more overwhelming. So start your search with a specialist at Cancer Treatment centers of america. Start with teams of Cancer Treatment experts under one roof. Start where specialists use advanced Genomic Testing to guide precision Cancer Treatment. That may lead to targeted therapies and more Treatment Options. Start where theres a commitment to analyzing the latest research and conducting clinical trialsto help each patient get the personalized cancer care they deserve. Start at one of the Cancer Treatment centers of america hospitals near you. The evolution of cancer care is here. Learn more at cancercenter. Com experts Appointments Available now. Maria welcome back. President trump will travel to utah to announce several changes. Cheryl casone with the details. Good morning, maria. Expected to reduce the size of the monument by 85 and shrink the Grand Staircase as well. It will lift bans to sappy taproot of oil and Gas Production in that state. Thousands rallied on the steps that capital over the weekend to protest the decision expected today. Back in new york, the metropolitan after three men came forward with accusations he sexually abused them decades ago when they were teenagers. Stopping the former music directors engagement and investigating all of haitians back to the 1960s. Ford is issuing a recall for 200,000 trucks and suvs. For just 150 as and explorers may come loose. Ford is worried the loose bolts may not hold up in a crash that increased the risk of injury to the occupants. The company not aware of any injuries. Most of the vehicles in question sold here in the United States. The stock of 357 so far this year. If you look at the sky overnight, noticed the moon is much bigger and brighter than usual. The first of my supermen of 2017. The closest orbit to earth. 30 brighter than an average man. If you missed it dont worry. 19 january 1st and the other on the 31st. Connell i was in the car, went to get pizza with my daughter and said the moon looks kind of bright. I had no idea. Train to absolutely gorgeous. The reconciliation process, do you think that will be always . The reconciliation by december 15th. They are going at a supercharged pace. Everyone has doubted whether they could get this done at the pace they set out has been proven wrong. Dagen to a lawmakers side referred to as an income through a takeout at for now. They fell in line on friday. Treating to lets take a break at another day, another data breach revelation. Monday morning blues after manning the debacle as another brutal loss to the new york giants coach could be out of a job as early as today after his blunder last week. Back in a minute. They appear out of nowhere. My secret visitors. Appearing next to me in plain sight. Hallucinations and delusions. These are the unknown parts of living with parkinsons disease. What stories they tell. But for my ears only. What plots they unfold. But only in my mind. Over 50 of people with parkinsons will experience hallucinations or delusions during the course of their disease. And these can worsen over time, making things even more challenging. But there are advances that have led to Treatment Options that can help. If someone you love has parkinsons and is experiencing hallucinations or delusions, talk to your parkinsons specialist. Because theres more to parkinsons. My visitors should be the ones i want to see. Learn more at moretoparkinsons. Com 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 welcome back. President trump on taxes. Democrats refusal to give one vote for tax cuts is why we need way more to win in alabama. We need in southern stopping crime crime, illegal immigration, va, judges can the Second Amendment and more. Pelosi, schumer. This tweed is a lot there in terms of the tax cuts. People are criticizing the president for saying regardless, we need his vote. You heard Mitch Mcconnell kind of backup because he initially called for worry more to step away from the selection and to not run. Mcardle backed off that over the weekend. To get this big win in texas, why bring roy moore in to it . Obviously the senate plan to 61 votes on saturday. To get this done before the alabama race. Susan collins said over the weekend she may not back the finals will before getting in line for the conference. They need the voters what they are looking at. What im saying is they want to get this. Hes not going to be in the seat until sometime after that and they want to get this whole thing done. White tweed about the mike flynn said over the weekend. Im able to talk about it at some point, but if you have a big way and like the president on tax reform. Despite not stay focused. You can bring in a good the abc report comes out, and the new question about the president. Call calling out brian ross, whether they open themselves up to somebody investigating for obstruction of justice which is why you would be treating about that. And now hes saying it raises the question of legal counsel. He lied to the Vice President. How would he have known that he lied to the fbi . And now this proves obstruction of justice. The narrative changes because of what they were treating over the weekend. And obama air officials seeking temporary injunction Mick Mulvaney to run the Consumer Financial protection bureau. Incredible the push that doesnt send the obama aide that they want to read. It is going to wind up it looks like with Mick Mulvaney running the agency and i think thats probably how it ends. Its been Elizabeth Warrens baby from the beginning, the whole cf. Pb. I think they are playing to their base up there. Take it in my mind on an issue they want headlines with. Trade to the american people, it never stops. How do you get anything done. Will voters hold people accountable for obstructionist . Dagen youve held people accountable to cfpb for doing nothing but help consumers with the wells fargo issues, cracking down on the ability to get auto loans and lending by small eggs. Theyve done nothing to help them. When we come back to correct the area that could have seriously must have quality travel. Theres a fix in place. Text messaging just turned not only the language, but every aspect of life including Business Communications as well. Looking at the text revolution next. Back in a minute. These smart and at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. The intentions are to use that weapon for nuclear blackmail as a prelude to nuclear war. The prospect of tax cuts getting to the finish line. We are looking and a strong rally at the start of trading this morning. Up 1 right now. The nasdaq up better than 30 points right now. Similar story over in europe. I better than 1 . The ft 100 up one half of 1 . The winner is really korea. c your christmas vacation flight has been saved. In controversy is brewing and the nfl this morning. The giants had court had coach may lose his job after benching eli manning last week. To be suspended after this late hit cause a concussion. He did not it did not implode yesterday when it was supposed to. I look back at how communication has changed and the last 25 years. First this type story this half hour. North koreas missile program. They launched joint air drills this morning after the hermit kingdom testfired the highest ever Ballistic Missile last week. c during an interview on face the nation. And said that the u. S. Is running out of time. We are getting close to military conflict because north korea is marching towards them. That cannot have early get to the weapons. America with a nuclear missile. Now means preemptive war as a last resort. That preemption is being more likely. She is a director of the institute for policy and strategy. And the fellow. You just heard Lindsey Graham do you agree with that view on that. Absolutely. Its becoming something that we have to think about a lot more carefully and daily but its not where we want to be. The fact of the matter is that the nuclear blackmail that the north korean regime is tryingc to impose on the unites states is something we cannot ignore and thats why the recent air drills that are taking place by the United States and the government are so important because they show the quality on the quality and quantity of the u. S. Palace has been a qualitative difference in what we had been doing in these military drills in 2017. Due to the provocation they have continually put that forth. We are getting close to a military conflict i think theyre spending day and night on that very question and im sure that we know exactly when we will know to pull the trigger. The military drills drills that we are undertakingc affect the calculus of the north korean regime is such provocation they lick those options differently because the chinese now had to be working overtime. They had been very slow. We merely capped oil imports. And labor contracts. c they have bet on even record across the board and one of the reasons is that often even when you get a un security council. Is hard to get all parties to comply. I think its important to make sure that compliance happens. The chinese and the russians have not taken leadership on this issue. What is happening is that the United States is emerging in northeast asia as the great power we dont see that happening. That will begin to affect them. That is the United States right now. c it has proven very effective and the middle east. To the u. S. South korea and japan had that Missile Defense capability that could prevent an outright capacity. The North Koreans have been concerned about the system that the u. S. Has been installing this year. There has been such advances in Missile Defense. It cannot just be one Missile Defense system. You have to backed that up with all other types of military power we just dont want to have to get to that. c they appreciate the time. Should rob grant kautsky be suspended. See what he have to say coming up. We will tell you what officials are planning to do now 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. Read the prospectus carefully at alpsfunds. Com amlp when it comes to travel, i sweat the details. Late checkout. Downalternative pillows. And of course, price. Tripadvisor helps you book a. Hotel without breaking a sweat. Because we now instantly. Search over 200 booking sites. To find you the lowest price. On the hotel you want. Dont sweat your booking. Tripadvisor. The latest reviews. The lowest prices. Welcome back markets are rallying this morning. Get it monday morning. Dow industrial is up 222 points right here. Nasdaq s p 500 also up half a at least. Qualcomm is one to watch. Broad, is preparing to make another move in its bid to take over qualcomm. Shareholders are going to vote on. They rejected a hundred 3 billion cash offer last month. They are up on this news. We are watching papal a data breach at tio networks may have exposed2personal information of nearly 1. 6 million users. The compromise information includes names and bank account information. If your flight on American Airlines during the holidays. Cheryl with the details right now. American airlines and the pilot union is working hard to fix a pilot scheduling problem. The airline blaming a computer glitch. The carrier issued a statement saying by working together we can assure company errors were in about a canceled flight will be one of them. In short santa is flying so is american. Passengers had to remove the battery from the back first. These can cause fires. Delta is join american. The Parent Company up at nearly 5 c some sports news. The new york giants had coach could be fired as early as today. The giants owner reportedly up set. Even though they supported the change at the qb level. He thought it was handled poorly. And the new England Patriots Robert Gutkowski coming under fire after the late hit you can see it against that car back. I was really frustrated at that moment. I just want to apologize. He was penalized but he was not ejected for the hit. Theyre calling on League Officials to suspend him. It turns out knocking down an old stadium is just not that easy. Blast and more blast went out. Hundreds of people watched the smoke clear. There can keep train as soon as today. Until the thing comes down. Will be watching all day that was an easy lock. Detroit is the city. The people of detroit stand tall and strong. I think it symbolizes them. Youre right. Why not. Its not even 7 00 a. M. c how do you like that. It is revolutionize every aspect of our lives. Back in a moment. Whcold sore. Et you . Grab lunch . Cold sore. When a cold sore takes over, campho pheniques topical anesthetic plus antimicrobial action soothes pain fast. Whats for dinner . Meat loaf. Camphophenique on, cold sore pain gone. Welcome back its tough to imagine a World Without text messaging. The first ever text message was sent 25 years ago. Celebrating a birthday. A quarter quartercentury of text messaging. It was sent on december 31992 it simply said merry christmas. To show you how text messaging has evolved do you remember this commercial in 2007. c now too much texting is nbd. And then smart phones happen. But now you can argue that texting is old. There is an immediacy but its also kind of cold at times. My mother has a way of communicating with me. She can text me whenever. What a disaster. My kids text them all the time. I dont think they see that well. It has an expletive all he can read asq fantastic part he have no idea. That is another story. Are you ripping on my mom. We wont teach my mother out at text. She calls leaves a message and then an email. Do you know how many texts are set each day its over 20 billion text per day. Almost 9 trillion a year. It changes the way we had communicated. Thats why we dont communicate. Theyve never lived and the world where there is no texting. I do roommate because he graduated like a year before the rest of us here not got a job on wall street. He has a phone. c i remember rushing home and listening to the tape recorder machine that you have your messages and now its open to seconds. We have weve lost the patients. When i first moved to new york city with no job and when i was interviewing for jobs i have to take typing tests and typewriters i wrote my first stories on typewriters. Who remembers a white out. Still have from struggling with a learning disability to lodging a company that is worst worth millions. We introduce you to a 23yearold social media mogul who is ready for global domination. c touch is how we communicate with those we love, but when your psoriasis is bad, does it ever get in the way . Embrace the chance of 100 clear skin with taltz. Taltz is proven to help people with moderate to severe psoriasis achieve completely clear skin. With taltz, up to 90 of patients had a significant improvement of their psoriasis plaques. In fact, 4 out of 10 even achieved completely clear skin. Dont use if youre allergic to taltz. Before starting, you should be checked for tuberculosis. Taltz may increase risk of infections and lower your ability to fight them. Tell your doctor if you have an infection or have symptoms, or if youve received a vaccine or plan to. Inflammatory bowel disease can happen with taltz, including worsening of symptoms. Serious allergic reactions can occur. Ready for a chance at 100 clear skin . Ask your doctor about taltz today. And go to taltz. Com to learn how to pay as little as 5 a month. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. Welcome back good monday morning everyone. It is monday, december 4. Your top stories right now 7 00 a. M. On the east coast. Cbs has reached agreement to acquire at not in a 69 billiondollar cash deal. The companies. From capitol hill to wall streetc from the both the house of the senate look to come together. The president has given us until march to address the issue of undocumented children. Through no choice of their own. And are in a difficult spot. There is no emergency. The present has given us until march. Tax reform is not the only hurdle. It could be on the horizon. You just heard that. The prospect of tax cuts getting done and driving markets higher a big rebound here. Up 220 points. That is one plate higher. With some Economic Data coming out of europe this morning. Up better than 1 . Markets closed mixed. c done one half of 1 . Outrage in puerto rico as many remain without power as we speak. The government shells out 100 Million Dollars in bonuses. The questionable act after they ask u. S. Taxpayers online gamblers make bets on the Supreme Courts next move. Big bit coin billionaires. They proved they can make it without Mark Zuckerberg. It is paid off big. All of the stories coming up big this morning. Tax reform thats what we have to talk about all day long. And then there is the cbs at not deal. Night deal. Its a game changer. For the Healthcare Industry. This is a strategic combinationc and we are going to be receiving healthcare and the pharmacy units now instead of at our dr. The idea is to make the Healthcare Delivery more efficient and affordable. They have a giant pharmacy business. They have something that amazon doesnt head. Amazon is getting into the pharmaceutical business but what walmart has his physical locations where you can go to get your service. Some sort of diagnosis online. Tommy what your symptoms are. And certainly is something that is afoot this is critically important. A deal with this large does face some sort of scrutiny. c they say they have looked very carefully at that. Is Different Industries and the vertical integration. As opposed to tube tubing businesses in like industries. A very important thing for the president. It could prove that you dont need medicare negotiations. You can drive down these prices with private entity. We have much more on the story it is official we were expecting this. Coming up this morning peter king is here. And the former nfl star jack brewer also here as well. c do stay with us. Republicans are one step closer to getting a sweeping tax overhaul to the present desk in just the next two weeks. It was a rallying as a results. To vote on the motion to send the Senate Tax Reform bill to congress. With a vote of 51 to 49. Here is President Trump and has majority whip have to say after this legislative victory. The biggest tax cuts ever. Now we go on to conference and something beautiful is going to come out of that. They are not that big but they have some key significant differences. Im glad the Senate Passed the bill. c ed rollins, good to see you. Does it get to the president s desk by the 15th. It basically is a great thing. There is a lot of work to be done. The well of both the house and the senate to get it done. Lets talk about the differences here. The president said he is comfortable with the corporate rate of 20 to 22 . The bubble rate which degen mentions earlier is still and the house a bill. Of bill. 45. 6 percent. After member it still has to go back for the senate. And you have a two vote margin there. The senate will be the strong force in this bill. And my sense is they will work it out. As a perfect bill. Its far better than what we have today. Its not obvious that they are fully behind us. That is why campaign is about. It will be a very tough campaign. On having passed the bill than having to run on debt that we can get it done after healthcare. Those are popular bills. This is more complicated. Its not quite as easy. It is certainly much better than the 73,000 pages we have now. The senate doesnt care. Because there is no republican senators in this state. They argued as strenuously as they can. c it was a delay and the business tax. You wont see an impact until after the 218 2018 election. I think a 20 corporate rate will get people moving. The issue is the delay. The president called out democrats this morning in a series of tweets. He is tweeting as we speak. The refuser to give even one vote is roy moore. The judges and the Second Amendment Second Amendment and more. No to jones. Then he said this. Putting the liberal puppet into alabama of lower taxes and tough on crime. So much more. Look at yourc 4o1k since election. Jobs are boring and back. Our these tweets effective. The key thing is that as an endorsement of more stronger endorsement. He has to get behind more. Thats whats at stake here. The reality is just that if youre down to one vote margin however you can have that. The stuff has died down and i think to a certain extent overwhelming republican states. I just dont think thats can happen. Does roy moore upset the tax legislation getting done. The alabama race is on the 12th. Does that look questionable to you. Obviously have a democrat coming in. You already had to go back. c and certainly if you lose that vote the tweets are not as effective as the president thinks they are. I think this is an endorsement about people are not sitting down in alabama saying i have to tweet to the president. It hundred million of followers. As a force to communicate with voters. And in some cases its extraction. He now has to be very careful with the legal jeopardy that they are in. These are all living documents. He needs to be careful with what he says. They need to be very careful or they will find so many people in trouble. The fbi is facing backlash over allegations that the probe was tainted byc that agent. To that russian collusion investigations sent anti trump Text Messages to a colleague. The agent was fired by special counsel Robert Mueller. One of the many lawmakers who have been calling out the fbi on this. Watch. I think it calls into question the investigation and the decisions by the former director as to whether Hillary Clinton committed crimes which i believe she did and should be prosecuted for them. The investigation should be reopened. And properly analyze for with or not she shouldve been charged with the crime at least to those classified documents that she knowingly left federal service. This investigation should be reopened. The staffer who was fired wasnt really fired he was reassigned. He works and the Hr Department right now of the fbi and the intel committeec has a subpoena for the sky since august but they continue stonewalling. He was that some clerk. He basically have a big responsibility here. The key thing here is you want to reopen this thing again. You will spend the entire campaign fighting about who was guilty. I think we have positive things i think there was a variety of things. I dont think the American Public has any well for that. Does it do anything to help his and credibility. The thing that bothers me is that mueller has a strategy and pieces are being fit into place. And i think the white house does not have a legal team as confident as a team they are going against. Theyre just not enough of them. And they are basically on top of it aed the same way. They have the strategy. And on since that Legal Defense on the part of the white house and thats very dangerous. It points to an article that was and the New York Times that is earlier this year. That was two weeks before he was fired into their key sections on the significance of this fbi agent reports that he was on the ground floor of the email referral in 2015 and was central to the issue a finding of finding intent in order to prosecute. Though intent is not required. Were talking about anthony weiner. Wrapped up in politics. And political views. When it should not be. If this is back before the election i would say find go get her. I want to spend the 218 election cycle. c its a good point. Thank you so much. Great to see you. Cashing in on christmas. Puerto ricos government under fire this morning because they paid millions of dollars in holiday bonuses after requesting nearly a hundred billion dollars to rebuild and the wake of hurricane maria. And the more proof that the land of the debt has a life at the box office. Coco soars to the top i get with the second surge. Welcome backc puerto rico is bankrupt and Public Employees are still getting big bonuses for christmas. Puerto rico is paying millions in christmas bonuses to government workers despite the fact that they defaulted. Just last month they have asked for 94 billion in federal aid to pay for the territories recovery from hurricane maria. The governor was about 100 million were included and the Budget Approved over the summer before the hurricane hit. A lot of controversy in washington about this. Walt disney has resumed talks. According to the wall street journal is the is interested in buying some of the companys assets which includes a 20 century fox movie and some of that usa cable networks. Sources say that murdoch and his familys they expect to make a decision by the end of the year on whether to pursue a deal. They are up sharply this year while this he is is up about 1 . c the animated film coco won the box office for a second we can in a row. Only family in mexico who hates music. My family is fine with that i am not like the rest of my family. Coco brought in 26 million the third weekend of the Justice League finished second. And then entered place wonder continues to do well 12. 5 million. And randy rounding out the top five. I leave you with this. The 18th annual sent a sunday event. The fund raiser hosted by a ski resort. Registration to participate was still there within about 10 minutes. All of the money goes to local charities. c a good one to end on. A deal to reshape healthcare. Cbs reaching an agreement to acquire aetna. And then raising the stakes of the Supreme Court takes up the band on court betting. Back in a moment right here. [music] retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Welcome back to big stories of the morning. The tax bill and the news of the cbs official making reaching an agreement to acquire aetna. Marion one of the groups that you like. Its been talking about healthcare. It is going to favor healthcare of a longer timec and seen mergers especially big ones like aetna and cbs are just a sign of how they are trying to position for longterm growth. Even after 6 trillion in wealth creation. I think people are totally underestimating how high risk assets can still go. And everyone still talks about how expensive the market is. Its something to stop growth and everything that we are seen and the marketplace its really talking about Economic Growth still occurring in 2018. We dont have any signs from the bond market that we should get any type of bear market behavior. The global yield curve. And as a great predictor of what markets do. I think the growth was 02. 2 percent. He did not did not include tax reform underestimatesc presumably because there was not much clarity or you did not know it was can happen to know we are working her way through this we will have a final bill yet but what are the ranges growth wise in terms of tax reform and how could change the calculation. I have a report here from jp morgan that says once the bill becomes law 89 Earnings Growth for the s p 500. We have already written that. We wrote that earlier this year. 8 growth to our needs. So people are underestimating the power of how much higher at this market can go and obviously i work on the Wealth Management side and i talked to a lot of our clients youd be amazed at how many clients still have cash reserve to come into this market. Depending on which a market you look at. Are you saying wehcan get another year like that in 2018. The way i look at it is what are the chances that its down 20 . The market has to be up. What about the Political Risk. There was an erroneous report on friday again hes been suspended for four weeks for that. You saw the markets really take a notch down on friday. It is hard to invest based on flip potential Political Risk but again how do you create that on your portfolio as of the Mueller Investigation progresses. A lot of our clients are on the sidelines just because of the political backfire. Particularly what is happening because of north korea. There is concern there. Politics tends to be one of the first ones i get. What about the deficit. It does tend to be the Major Concerns of individual investors. You cant plan on the political side. c i think people are underestimating how much money is on the sidelines. The other thing we keep forgetting is that Interest Rates around the world remain at historically low levels. The last two recessions began with the bursting of bubbles. Because it was not that related it was contained from one part of the economy. Maybe this is the treasury bubble. We have studied they 30s and the 40s. When you had mass proportion you just keep Interest Rates low for an extended. Of time and of course they were much more aggressive and the 30s and 40s. The policy and the japan and europe is even that more aggressive. You dont fight Central Banks and is what we dont talk about is that there are Central Banks that are blank buying global equities. c is starting to pull back in other places and the world. Talking about whining down. Does that pulling back have any effect. Based on what we had found because we are in New Territory as we can tell. Based on how the u. S. Is reacting and expected to slow down their Balance Sheet we have not seen a Material Impact in equity markets. We go back to corporate earnings. Not only are corporate earnings can be positive here and the United States they are positive global early. We just had two quarters with 3. 3 percent. I dont know if we are going to change our number i have not talked to them. But based on what we are looking at in terms of the tax bill. If it goes through a somewhat like where it is right now it canc create job growth. They can see it with a three handle. The access that they were talking about. We had bubbles and the late 1990s. When we had 3 plus unemployment rates. When do we have to start worrying about these markets getting overextended. Maybe in 19 but from a secular basis not at least for another 10 years. They go for the next 10 years. You go girl. Still have the Supreme Court tackling the sporting band. And then there is a bit quaint. The brothers who famously sued saying that facebook was there idea. c [music] nvestors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. What is this . When we love someone, we want to do right by them. But some things we cant control like snoring. snoring introducing theravent antisnore strips. Clinically shown to reduce snoring. Theravent. The answer is right under your nose. Maria welcome back. Happy monday come everybody. I Maria Bartiromo. Monday, december 4th. 7 30 a. M. On the east coast. Sports betting to the highest court in the land. State Sports Betting. A closer look at both sides of the case can we not good prospect of tax cuts getting been driving markets higher. Futures on a roll with picking up the opening trading with two of the points in the dow 1 higher. S p higher in the higher waiting for fact true orders in terms of Economic Data this morning. They deal in the Health Insurance in cvs and and also announced. In europe from a similar story up half a percent. Cca dxf are than 1 . Asia overnight in the nikkei average down but the kospi was a very bbc under fire, network force to back track and suspending reporter for an erroneous report friday about Michael Flynn and his contacts with russia. Facebook Ceo Mark Zuckerberg changing his status in taking leave of absence for the entire month of december. Not to be outdone from his former is making another run could have been to a rose of crypto currency wage to become the first sub for billionaires at venezuela getting into the crypto crazes well. The president to issue a crypto currency to circumvent sanctions. All the stories coming up this morning. Raising the stakes on sports gambling great Supreme Court will hear oral arguments in jerseys challenged a federal law restricting betting on sports games good justices will decide whether the payment truth is its only legal in nevada and a handful of other states. If new jersey triumphs here, and the Sports Betting industry could love the business with 50 million the year. Foxs senior official in the list judging the napolitano. What do you think . Heres the two arguments. Congress for a year hundred years has a famous case in 1903 has had the power to prevent interstate commerce in the passage of something from one state to another whether its the passage of the digital passage so congress can say for any reason or no reason we think gambling is bad and we will make it illegal because it affects interstate commerce. The new jersey side is it really has nothing to do with it. It has to do with your morality of gambling reserved to states under the 10th amendment. By tramping our ability to eliminate us who want to do it eliminate us he wanted to at a rate of a public morality in the u. S. Stepping on a race resume to us in the 10th amendment. For years the 10th amendment arguments were rejected by the Supreme Court. Some justices refer to the 10th amendment is true with them, stated the obvious cover that which was not surrendered their pretend that the states. In recent years can the 10th amendment has seen a new vitality as the courts have clipped congress is weighing when it tries to regulate anything under that mask of interstate commerce. Prediction can the state of new jersey wins. It will have a profound effect on economic pheasant got all kinds of Sports Betting, college and pro. From my perspective than those of us who monitor what the congress and the courts due to the constitution, this is a great victory for those who believe as Ronald Reagan used to say, you can do with their feet. If you dont like it and the law nature is a commitment to massachusetts. I saw this international race. They can do that betting on the sites. Correct. That is a practical argument that the congressional ban has had little effect on public morality. Commerces version of morality. International gambling clearly within the realm of congress. If youre in new jersey and u. K. To affect in princeton versus rockers the congress is you cant bet on two soccer teams in England Congress will prevail. Train to the former National Security adviser put guilty to lying to the fbi. He did this on friday. Then the news broke abcs chief investigative correspondent brian ross incorrectly reported that fund would testify President Trump told them to make contact with russian officials as a candidate in the report spread quickly before correction which issued. This is really the story of the weekend in terms of the term presidency because people saw this reported immediately thought that the president made this direction to fling before the election win in last. In women after the election in december. He was about a month away from being inaugurated. It even made it to the view. Watch this. Achiness. Brian ross reported Michael Flynn reported full cooperation to the mall 18 and is prepared to testify as a candidate donald trump directed him to make contact with the russians. Lock him up, lock him up. They had a good time without one. On saturday, abc apologized, said its not true. They suspended ross for a month without pay over that report anything like that wasnt enough for the president who treated this. People who lost money when the stock market was down with false and dishonest reporting and great ross at abc news he was suspended should consider hiring a lawyer is suing you for the damage to god reporting has caused many millions of dollars. First of all, are you expect dena change today on the view . Try 31 joy behar to have to read a correction soberly and straightforward. By the way, some producer ran out on that come you didnt see come with a blue card on hand, breaking news commissioners in front of her. Shes cheering. That is how fake news gets spread. You are cheering the loss of money for american individuals invested in the stock market. Maria and its not even true. We know there is something called the logan act. Only one president at a time, judge. At the same time, it is no problem to be getting ready. He was going to be inaugurated in 30 days. Theres a guideline in the Transition Team regulations, which says the administration should continue to acquaint itself with foreign officials. If these conversations occurred after donald trump with select that we now know five of them, ambassador keithley act are absolutely lawful and they are normal. Even if we are going to look at this differently once we are in office, one would expect that, they would expect that kind of have to. If however the conversation occurred as a candidate and one could argue that there was some agreement for some information passing from the russians to the u. S. , this is the smaller is looking for. So i dont know on what he says brian ross, who until this moment has had an incredible reputation and career. Maria i dont know about that. Has made that statement. Dagen need to say something. He reported the anthrax the white house was the worker saddam hussein. This is inaccurate and he went with it anyway. He said dont go with it. Then they were shooting would cannot do the tea party. Nobodys perfect. I would like to know on what basis he made the reporter. Was it Wishful Thinking because of hatred for trump . If a source told and not and if the source is credible and that the source had been credible in the past train to bottomline it was wrong, rromeo us. And in that the market 350 points. The president is saying goes to. If you lost money on this report. I think such a lawsuit would be frivolous. Maria markets move on lots of stuff. Its a quick point, the other treat over the weekend coming to the open himself up to an obstruction of justice investigation. Yes, thank you dave. Two lawyers, ty cobb, i wrote the tree. If thats true, is now a witness in the case. Very dangerous staff. It was anticar. As one of his other lawyers. If any of his lawyers truthfully did write that treat, hes a witness in the case. If he claims that he is coming here fanatical problem. It was written in trump in language and transient tempo amidst other transient treats. Maria i just think its really incredible to try to get in this way and stop them from executing this agenda at every turn in the media is complicit in that driving the bus. Listen to this. The fbi had transcripts of general funds investigations with general kissling i prefer the interview again. What was the person at the interview . To achieve what they achieved. The perjury trap even though he wasnt under oath because the crime of lying to the fbi has the same penalty of lying under oath. Maria judge, thank you for sorting it all out. Taking a break from face to. By Mark Zuckerberg says hes spending all of december out of the office for paternity leave. Not the first sub four by cashing in on the crypto currency craze. The digital money continues to soar. Back in a moment. [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. Welcome back to mornings with maria. Facebook setting up a help wanted signs in the u. K. The key to her hundred new workers to 2300. Engineering coming as the lawmakers questioned facebook and twitter about interference in u. K. Politics for social media. Facebook, google, amazon despite leaving the European Union but shares higher in the free market three quarters of a percent. Facebook finally Ceo Mark Zuckerberg taking some time off on instagram he confirms plan to made over the summer to go on leave to be with his children. Yes a couple of announcements to make and then we wont see him until after the new year. Of course, staying with the facebook founder, now the worlds first sub for billionaires are digging a variety in 2006 on a suit zuckerberg claiming facebook was their idea. He settled the suit for 65 million, but the twins took some of the money about 11 million of bitcoin and 23rd team in that value has now soared since the investment by almost 10000 . Venezuela want to create their own Digital Currency to get around u. S. Sanctions. Nicholas madura says they will now launch petro oil reserves. Specifics on how he will pull off such a feat. Venezuela has been unable to make transactions of the Trump Administration imposed sanctions in drug trafficking. A lot more coming out. 500 into 550 million. Well talk to the youngest founder of an Australian Company about how we turned his unique twist on social media into an empire. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Maria welcome back. Australian social media review platform big review tv and its Parent Company big unlimited is the king waits for to make ways. The story behind the ceos just as big as their ambitions. Good habits is already the youngest founder of an australian publicly listed company. He took 500 in alone that he had then turned it into 550 Million Company in four years. Brenden, congratulations to you. Good going. Tell us how you did this in his last four years and what was so spectacular about this company you see the incredible demand. The mac its been extremely exciting for myself and the team. When i finish school, first of all growing up ive got dyslexia so when i finish school i wanted to build an internet business. I did know what that was that a massive passion for video sort of feeling of what you something around that. I hadnt seen my father for quite some time. I was inspired by my fathers a crowd produce a young entrepreneur. Steve jobs, richard murdoch, the people who made it really young. I got back in touch with my dad. We traveled around australia and he asked me what he wanted to . I want to build a global business. He said so does everybody. In a joking way. He was a big supporter. Whats your idea . I dont have an idea yet, but i have the feeling that the future was going to be video because the majority people dont like to read as much as they used to, especially my generation. So i came up with Business Ideas for six months traveling around australia which was a lot of fun. It was a late old moment. I was like theres going to be aside people could go to and see professional videos of businesses instead of looking at pictures. The idea to me sounds simple and did Market Research and there is no Business Model that resemble bad at all. You produce these. We are in the studio believe it or not, professional operation, but it costs a lot of money to do what we do. This costs money. You can do it at a lower cost. Whats the secret of that . Reprint in ip, patents, but also the certain easy way to believe it. They have access areas, which are most areas onto our customers. Corporate video cost tens of thousands of dollars depending what you want. They can produce the same content for his 50 a week for 12 months. Dagen wow. You mention dyslexia. How is that shaped your development as a businessman and entrepreneur . Its helped a lot. Helped . Making alternative ways to learn and research. I do a lot of my processing and research and things like that so it held spark more very hungry you can say. Dagen what are you doing here in the u. S. . In u. S. And its expansion weve been here for 12 months. Weve had 1500 new businesses in the u. S. , the recently for Expansion Plan wouldve required an application called shipley to help the tech side of the business, but also 100,000 small to mediumsized business is on the database and we are going to selling a video subscription models than 200,000 over the next 12 to 24 months. Drink your great stuff. Well be watching. Thank you so much. Congratulations. Stella had come out of this world for the International Space station. Zero gravity pizza party. The incredible new video. Well be back here in just a minute. Maria welcome back good monday morning thanks so much for joining us this morning. Im Maria Bartiromo. Happy monday. It is monday, december 4, top stories right now 8 00 a. M. On the east coast, Health Care Game changer cvs reached agreement to acquire aetna 69billiondollar cashandstock deal calling this a evolutionism. Aetna up on this acquisition. Wall street to capitol hill lawmakers from house and senate are looking to come together this week, on tax reform after the Senate Passed its bill, early saturday morning. We passed at the largest tax cuts in the history of our country, and many other things along with it. Tremendous tax reform. But it was biggest package in terms of tax cuts ever passed in our country. Now we go on to conference and something beautiful is going to come out of that mixture. Prospect of getting the tax cuts done driving markets higher this morning take a look we are at high of the morning, 250 points higher what we are expecting opening of trading this morning for dow industrials futures indicating a big rally s p 500 up twothirds of a percent nasdaq up a half dow industrials up better than 1 similar in europe Economic Data ft 100 up a half warriors cac quarante in paris up, dax in germany up 1 1 2 markets mixed fractional exception of korea kospi up better than 1 problems for apple another glitch leaving iphone users feeling rot ownlake for the titan coming up this morning, there is this, giant head of coach may have a new title unemployed the Team Reportedly could are fire him early as today after giants lose following his headed scratching decision to bench star quarterback eli manning. Astronauts International Space station throwing a pizza in zero gravity more of this video coming up coming up this morning, joining me to break it had found docs Business Network Dagen Mcdowell fox news metric connell. Wall street Global Economics editor Jon Hilsenrath great to see you. Great to be here, thank you. Thank you. That is all. Dagen connell tedz to mutder jokes under breath sometimes lost on average person. Not a problem. Thank for having me maria. Maria we want o get into a lot of things in terms of tax bill dagen now we are hearing what will take place in socalled conference committee. That is supposed to be this week, that begins they came back early, to come together, after the Senate Passed its bill saturday morning. I think the agreement is 20 , Corporate Tax rate whether it stays there or not, President Trump as jon pointing out opening door to 22 rate, but, again, that 10,000 dollars, in about deductibleability property taxes, there is agreement there the hardcore part is Corporate Tax reform even though Senate Delays it by one year what is messy what you see on individual side. Big piece of this after what to do with passthrough businesses, partnerships and s are corporations, the house plan in senate plan are different they have to basically choose between one or the other there is some important swing voters on senate side who want their planning to. Dagen johnson. Maria which is why president came up with this i am okay with 21, 22 , they want to have wiggle room, in order to pay for this, to make some changes on the passthrough, we will talk about that joining this conversation this morning is new york congressman Homeland Security Committee Member peter king froerment whitewater independent counsel robbet ray, former nfl star jack brewer. Stuart varney will weigh in as well coming up this morning dont miss a moment kick off with one of the top stories on wall street, cvs acquiring aetna 69 billion dollars cash and stock Lauren Simonetti with details of this deal. Biggest deal of the year 69 billion cash and stock, go through all the numbers first essentially that values aetna 270 dollars a share rally on friday look at continuation today, up 3 1 3 percent. Why this deal Case Companies dont seem like competitors if you look at cvs, 9700 storefronts they store prescriptions they have 178 billion dollars in revenue and look at aetna a Health Insurer much strauler 22 million members. The reason they are taking and they want this to go through because the traditional line, in health care, between Different Countries companies have been i can see cvs saying lets juice 9700 store fronts become clinic ikz Preventative Care essentially change health care experience, as you know it. So also looking at the antitrust regulatory landscape how many deals do we see not go through between i have to look at them there are so many, aetna wander to buy humana anthem cigna didnt work in backdrop of all this you have the different, when companies that you mentioned are also in health care space. So does it this is the question connell brought up does this mean vertical deal maybe antitrust lawmakers will say this can go through . Because it is not the same businesses or not . At ttime warner is also a vertical deal. Maria exactly. What i find exciting about this deal is there is a vision behind it, for changing the way health care is delivered so many big deals it is about cutting costs about cutting out overlapping business getting rid of employees what they are talking about with this, lets change the way people get their health care. Go into a cva get a little bit of everything. The fact the transaction fills unmet need in Health Care System unique opportunity to redefine access to High Quality Health Care lower cost local sneeths more say in drug price negotiations as well. Lauren thank you Lauren Simonetti with the latest, the prospect of tax cuts mean while driving markets take a look at futures kabig rally opening this morning, up 245 points right now, after Senate Passed its tax bill saturday morning, in the wee hours friday night house and Senate Republicans try to reconcile bills into new tax bill can pass chambers lawmaker hope they get this to president s desk probably by december 15, before christmas. We will vote monday, to go to conference. Will give both bills inside conference together, work out our differences get this done before the end of the year. We could have this on the president s desk in 10 days. Look at house and senate bill both are pretty close when you look at differences they are not that big. But there are some two significant differences house and senate need to work out. Joining me member of house Homeland Security Financial Services committee xrooerment ki congressman peter king of new york. I know the issue with this bill from the getgo, is the fact that there eliminating the socalled salt deduction state and local income deduction a lot of constituents use what are your priorities with this bill having passed the house the senate, now they go into reconciliation . Maria i intend to vote against it, it is a key component as far as my district is concerned, as far as i dont think island as far as new york is concerned i support across the board tax cuts i support the Corporate Tax cuts, i support repatriation i think essentially we do lower tax rates however, do it at the expense of basically california as people if my district, financing tax cut the rest of the country we already get shortchanged on federal revenue 48 billion dollars every year, other states get basically subdivided by is, now using that against us, so, anyway, listen, i think wellintentioned but the way financed is to me just too much damage to my constituents. Maria i am wondering, if people will see this bill later and get alienated by this because you are seeing a portion of the public see their taxes go up congressman we know that whether it is your state new york, new jersey, connecticut, that elimination california, six Million People use that deduction in california, those people and now the senate has not a full territorial of amt if you thought getting offset by amt going away some are not i am wondering if hurt full on individual side for the republicans given that you are going to see some people face higher taxes . There is no doubt going to be a number of people new York New Jersey california, also other states property tax issues those three states hurt the most a, dr. Of wealth, also, the the way being done i am not a big process person, but i know 19 86 tax tax reform came after two years of hearings negotiations to be basically doing this in middle of the night in senate, i think is going to be a lot of unintended consequences, that are being discovered next few months i am not talking about people sneaking provisions in i am saying that so many provisions here interrelated interconnected i dont know if all ramifications have been thought through that is process that i think is going to unfold over next several months where we see unintended consequence. Another angle on this i am reading an article congressman about washington you know constantly the states that are you know, sending more money than getting back like new york you made this point a lot pointing out that much money that analysts count on flowing to the states is not coming in subscriber federal aid but as payment to individuals have earned for contracts washington competitively awards important category of so call federal spending in stiets is Retirement Benefits three quarters 60s of Social Security payments, payments to veterans, Retirement Benefits, federal workers disability payments largest classification of funds to states sending in more than you are getting back what about all that benefit money the states are getting . Yeah, but again some place we draw the line when you see South Carolina getting twice as much as it puts in we can say talk about different benefits going different places but the fact is if you look at any rationale barometer new york pays out a lot more than it gets back, senator moynihan started do this analysis years ago again not shake in arm here or there weakness here or there the bottom line is there is no doubt new York New Jersey california pay out a lot more than they get back. Maria are you expecting an exodus out of new york we had don did peeples on he thinks as a recall the of this plan people move to low tax states like florida. There is no doubt, that already begun in new york i am not here to defend everything in new york the fact is it has begun going to accelerate dramatically, 183 very least people are going to spend more than halftime in other states, also, another factor a number of economists i have spoken to expect value of home to increase 10 to 20 in places like new york for many people moem only real aset to have that depreciate 10, 20 added burden from tax bill. Do you think as a result of your lobbying on this and your constant talking about this, you really have been out there, and i know that you are doing this, for your constituents especially as democrats targeting your seat 2018 do you think you moved the needle in terms of changing the conversation . Will they come up with a middle ground in this bill, that they are going to reconcile this week . One already 10,000 dollars that is not enough i doubt if that would have been put in if we hadnt made as much noidz as we did i was saying long before my was articulated i have been saying this since january, how long unfair this is, i i dont know if much more room for progress maybe on state income tax, threat of losing voters from votes from california, because california tlef more than income taxes when they do property tax they may make concessions to them try guarantee votes in the house. You have to wondered if in tend it is right thing to do because a lot of governors you are referring to they hide behind this say we are going to raise taxes on millionaires because we can we know they can deduct it now the fact elimination this deduction has state legislators thinking twice sweeney new jersey saying maybe that millionaires tax was ant good idea at all we have to rethink everything. Some governors make this a hard case to argue but, to me, the principal federal is conservatives have said local and state governments should pick up as much cost as they can rather than federal level now we are penalized for doing that we should not be taxed twice should be noifrjdz local and state governors do same rather than federal government. Great leadership on this thanks for joining us this morning. Maria. Congressman peter king could twoyear run for the giants head coach come to an end, macadoo may be fired less than a week after eli manning was benched. Pizza out of this world watch video of astronauts making pizza in zero gravity, back in a minute. And i can do it with whats already within me. Because my body can still make its own insulin. And onceweekly trulicity activates my body to release it. Trulicity is not insulin. It comes in a onceweekly, truly easytouse pen. It works 24 7, and you dont have to see or handle a needle. Trulicity is a onceweekly injectable medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. It should not be the first medicine to treat diabetes or for people with type 1 diabetes or diabetic ketoacidosis. Do not take trulicity if you have a personal or Family History of medullary thyroid cancer, if you have multiple endocrine neoplasia syndrome type 2, or if youre allergic to trulicity. Stop trulicity and call your doctor right away if you have a lump or swelling in your neck, severe stomach pain, or symptoms like itching, rash, or trouble breathing. Serious side effects may include pancreatitis. Taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. Common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. Some side effects can lead to dehydration, which may worsen kidney problems. I choose onceweekly trulicity to activate my within. If you need help lowering your a1c and blood sugar, activate your within. Ask your doctor about onceweekly trulicity. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. What is this . When we love someone, we want to do right by them. But some things we cant control like snoring. snoring introducing theravent antisnore strips. Clinically shown to reduce snoring. Theravent. The answer is right under your nose. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. Maria welcome back, u. S. Showing off new warplanes joint military drills with south korea. Cheryl the u. S. Is showing off latest generation stealth fighters like f22, f35, five days of similar latest war drills examines called vigilante ace less than a week after north korea tested a Ballistic Missile experts believe could reach washington, nor a prelude to nuclear war. Apple, over weekend a glitch for some iphones repeatedly reboot, cost Third Quarter apps sending notifications triggered the problem some took to social media issue with this shares apple higher premarket up almost 1 you can imagine. Well, lets talk about some pie in the sky. And italian astronaut desperate for home woodwork pizza pulled strings to get ingredients for good pizza sent to space astronauts had zero gravity pizza party posted this video. Unexpectedly delicious. One thing missed from home pizza. What is that thing looks like ketchup. I am just saying looks like ketchup. Neil cavuto merge monday cvs to buy aetna 69 billion dollars could impact the Healthcare Industry and prices for jobs, that is coming up nfl owners 100milliondollar bribe does not pay off as players still kneel during the National Anthem this weekend, we break down the fallout straight ahead jack brewer on deck. This is what it sounds like 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. Head coach ben macadoo twoyear run could be nearing an end Team Reportedly could fire him today, following a 24 to 17 loss for raiders this weekend less than a week after benching starting quarterback eli manning joining us to talk about it, former nfl star former giant jack brewer good to see you. Thank you for joining us you played for giants played with eli. I did. Should ben be fired. I think should be fired entire front office needs to go, absolutely despicable one of the longest streaks nfl history, to bench him for geno smith doesnt make sense. The new york giants are the most craftiest organization in pro sports i played there, changed my life, to see them, make a classless decision like this upsets me i am not watching them the rest of the season. Macadoo was gone, with could have played eli manning to the end of the year going to lose job no matter what. Definitely but you go without any get it. Probably that is the point either way was gone record they have this year whether took ueli out nor not trying geno smith everybody in new york knows struggle with zwrets seems to get people more angry, trying out young kid, we should give them a chance we know what we have in geno smith. What makes them different than every other nfl player. Having to change your life so much. I played there under knowing he was there the way they treat from you time you land at airport from the way greeted, you know, from the walk into the stadium, they just do things to help you not just improve life of the Football Player but off the field off the teams. Jerry did that with cowboys. Definitely. Dagen as much as people might hate the cowboys, jerry has helped out a lot of former players i know that. We are the same jerry does a great job too you are haundz correct go to dallas you pay for cowboys he takes care of you was a it smart decision to take etch li out of the game given poor offensive line the peeblt eli might get hurt . Given how you feel before cte what is going on with catastrophic brain injuries for quarterbacks was it his benefit they took him out of the game. At this is point in career, you let him make that decision, eli manning is football royalty. 20 plus Million Dollars a year, you know, so that is benching him makes it looked like you are blaming him for underperformance. No doubt you talk about a team that played with injuries you have watched two best Wide Receivers let the man finish the season ride out in sunset if he wanted to go to a Different Team next year god bless him, but we have a saying at giants once a giant always a giant right now a lot of people in giant land are disappointed including myself former players who have taken pride playing for this organization, i think it is despicable. Two other issues nfl has move to stop kneeling, 100 Million Dollars so league offered to fund organizations, dedicated to africanamerican causes as well as ad hoc Players Coalition players are split some view funding a bribe what do you think about this . It is better than nothing i think making a positive step towards taking off some issues near and dear to players, i i would rather see them doing this than not doing it i hope to get involved with this as well. I think it is needed. Give these players a plat form to the just talk change effectuate change i think they can put more in in it resources it is really about the time getting your players out in the community, handson, with kids, that need to hear different need to learn respect respecting Authority Law enforcement, and just changing communities. You want the fallout growing after not guilty verdict in kate steinle murder trial father of young man also killed by illegal immigrant had this to say on fox friends listen to this is. My friend was murdered walking down the street in america, he actually thought he could do that and he was wrong. He was shot dead by on third gun charge. Your take on this . Saddened me, i am glad we get to talk about it it affected me i had trouble sleeping after watching this, really thinking about we are living in a country a portion of our population, that loyalty protecting legal immigrants more than black men, you think about it for black men had killed that woman, in san francisco, that day, he would be crucified locked up no question. And i think it is december spikeb did. Despicable this reason they receipt this man off is lash out at donald trump has he gotten that far . In our Politics Society where now going to start protecting legal immigrants more than our own folks in country i dont believe in it. It is true i wonder what would have happened had he been a black man said this was an accident i make a good point. It is sad. Really is. Jack, thank you. Thank you. Thanks for insights, searching for answers President Trump calls out fbi after an agent who investigated Hillary Clintons private email server reportedly sent antitrump technicalities while swerving on mueller muellers tell a, we break down a fight stocks fractionally moving back in a moment. Maria welcome back. Good monday morning. Thanks for joining us. Im Maria Bartiromo it is monday, december 4, top stories right now 8 30 a. M. On the east coast. Breaking news this morning, President Trump speaking out as he left the white house, moments ago we will be headed to we will take i there live if we get comments he is headed to utah he we will bring the comments as they come in. Shocking new revolutions in Mueller Probe Robert Mueller special counsel aide reassigned after he sent 80 trump Text Messages now role in the Hillary Clinton probe is being reviewed. Congressman Homeland Security chairman weighed in on this controversy yesterday on sunday morning futures. More about disturbing report one of the fbi agents assigned to the Mueller Investigation reassigned because of political views the fact one of the lead agents on Hillary Clinton email investigation, if true i think it is very disturbing, and possibly could kwaul for reopening of that investigation. Fallout this morning, prospect of tax cuts driving markets this morning we are expecting a rally at start of trading this morning, dow industrials set to open up 200 points, right around highs right here with nasdaq, s p 500 also, in positive territory. Strong rally expected, in europe similar take a look, cac quarante up better than 1 in paris dax in jierm up 1 1 2 ft 100 up one half of 1 in asia overnight markets closed mixed the best monthly in korea kospi up better than 1 , cvs aetna making it official inking bill hostile takeover brewing between broadcom and Qualcomm Broadcom overhaul of qualcomm, qualcomm firing back how they responded this morning, breaking news right now, President Trump, making a statement, on Michael Flynn while garth white house blake burman is there, he has the latest blake. Reporter we expect that tape from President Trump any moment he just left the white house, about two, three minutes ago for utah, as he did, the president spoke to reporters for about two, three minutes as well, from what we are expected to hear from the president the president commented about Michael Flynn saying i quote i feel very badly for him. He turned response on to Hillary Clinton saying, claiming she lied to the fbi, and that Nothing Happened, we also expect, to hear from president , in these remarks praise for the stock market interestingly enough no comments from president we believe, again, we are going to get the tape momentarily, on roy moore made big news today earlier on twitter, as he fully endorsed Alabama Republican Senate candidate here what is the president wrote this morning i quote he said, democrats refusal to give one more vote one vote for massive tax cuts is why we need republican o roy moore to win in alabama we need vote on stopping crime immigration prolife va judges Second Amendment, pelosi smumer puppet went on second tweet bashing the democrat jones touting Economic Indicators that stock market 401 k s saying that jones could quote hurt our great republican agenda a big step forward for the president as one point he had pretty much steered clear from this, then a couple weeks ago he highlighted moores denials but this morning, the president going even further saying, that roy moore he hopes should win in alabama, that tape from president should be coming any moment now we expect to hear him on stock market, and Michael Flynn. Maria as soon as we get that you made comments a few minutes ago should be soon we will run it thank you so much blake burman white house, there is fbi backlash going on this morning, a fox news exclusive reveals a top fbi agent has been reassigned first he was assigned to Hillary Clinton email probe and Russia Collusion Investigation but he in the meantime being on those investigations, he sent antitrump technicality messages to a colleague agent considered very experienced trusted was burned have off of the investigation by special counsel Robert Mueller did he moted, independently Council Federal prosecutor we are getting to you in a moment want the tape from donald trump made moments ago. The stock market i think is going to have a very big day based on the massive tax cuts, that we are very much in process of getting approved, but based on the vote we had last week the stock market has been reacting unbelievably well only thing that hurtsdz it fake news there is plenty of that. So we are head out to utah i know you are coming with me a lot of you we have plenty of time to talk today thank you. [inaudible question]. Well i feel badly for general flynn i feel very badly he led a very strong life, and i feel very badly john i will say this Hillary Clinton lied many times to the fbi Nothing Happened to her. Flynn lied they stride his life i think a shame, Hillary Rodham clinton on 4th of july weekend went to the fbi, not under oath was the most incredible thing anyone seen she lied many times Nothing Happened flynn lied like ruined his life very unfair thank you very much. Why did you find out he lied to the fbi . All right that was president making remarks a few minutes ago on his way to airplane to go to utah robert with us federal prosecutor you heard what he said discussion point we want your tick on one aid investigator, that was on Hillary Clinton Hillary Clinton investigation, was political he didnt like trump he was sending antitrump technicalities text to friends, now in h. R. Department. Everybody can agree you should not do, i suppose we all have political views the mistake is so he embracing them making them public certainly in Text Messages bad why a bad idea . Because it undermines Public Confidence in the fairness of the investigation. Now you know lets not overstate it either, it is one fbi agent now he had i think a significant role, but ultimately with regard to the to the Mueller Investigation mueller makes the decisions not fw agents. But all wrapped up in all other things that happened at that time. Loretta lynch reviving jim comey call this investigation a matter dont call it an investigation, it is a criminal investigation. The interview on tarmac grandkids, a lot of just stuff that should not be going on if you are talking about do you agree truthful investigation. I am sure rob mueller understands actions rest he understands how damaging that can be why you have to take action remove somebody from investigation it is unfortunate, you know look, it be Michael Flynn investigation heard president s comments understandably comparing and contrasting what happened to flynn versus. A fair comparison Michael Flynns life is ruined Hillary Clinton lied is okay. Hillary clinton had benefit of counsel appeared for interview very end of the investigation many of her answers in neighborhood of i dont recall i dont remember. Was it even on the record . Any time you talk to the fbi it is on the record, i doesnt have to be under oath as Michael Flynn there is a federal crime. Dagen you do not have to be under oath it carrying the same penalty as perjury Martha Stewart went to jail to prison, for lying to federal investigators. Michael flynn pled guilt. That is last question the president is all about napolitano on earlier said he thought with this is now infamous tweet president saying had to fire general flynn because he lied to Vice President and fbi he did open himself up to an obstruction of justice investigation. I dont understand what that point was about i have to say, take any company in america, if an employee doesnt cooperate with an Law Enforcement investigation, mover lies during that investigation, what are you supposed to do . You fire the person, that is what the president did. So what is the argument that somehow by firing him you said o motive to fire comey after. The a lot of Dianne Feinstein mark warner look for a reason to stalk about obstruction of justice. For the life of me i dont get it i dont understand allow that possibly adds up what would you prefer rather have him stilled mr. Employed as head of nsa. Vice president went out talking about what he said, it was gave him the chance. Right. The issue that was talking about the suggestion that he knew that he had lied to the fbi. He said fbi as well as i dont think there really was any question about that from the floor, remember now the reason that we know Michael Flynn applied ununbe announceed to flynn at the present time converstion with interposed they knew white house yu sally i didnt mean to ates knew brought to attention of white House Counsel department of justice knew for certainty that he lied because, the conversations were recorded. Why did he lie wont you think general flynn would have suspected that as well. Apparently no, figured or didnt roadway the converstion were being recorded four days after inauguration i dont understand why he would go to fbi interview without a lawyer present, so you know, that is what happens, as we discussed at the outset lying to fbi agents is bad. Give us the bottom line on this investigation. As you see it today. Where does this stand on friday a lot of misreporting, caused sent market lower abc lad to come out and clarify market figured it out recognized there is really a whole lot of you know nonstory here, it is significant that he is cooperating with the investigation, you cant minute mooiinimize significance of that for a cooperating witnesses to plead guilty the general drill government charges with you everything they have got dont want to be put in a position later on whether he is going to cooperate testify against somebody else with regard to for example a conspiracy he doesnt plead guiltyy to what i thought knowable charged him with false statement not conspiracy to violent logan act anything else signatures to me whatever else may be going on they dont have it, yet the it is collusion, collusion again in my mind, is limited to only one thing, that is russian officials would have to be in the situation negotiating with members of the Transition Team campaign this is what we will do for you in exchange for this is what the administration will do for us. When they take office. If it was there it would have been leaked already. It would have already been leaked, michael if Michael Flynn had it he talking about this incredible. Good to see you we will be right back. Our disciplined approach remains. Global markets may be uncertain. But you can feel confident in our investment experience around the world. Call us or your advisor. T. Rowe price. Invest with confidence. What is this . When we love someone, we want to do right by them. But some things we cant control like snoring. snoring introducing theravent antisnore strips. Clinically shown to reduce snoring. Theravent. The answer is right under your nose. Maria welcome back growing promise of tax reform driving market this morning dow industrials up better than 200 right now, will it also drive democrats to do something drastic the host of Varney Company Stuart Varney more on that good morning to you. Drive to do something drastic. Are they going to vote participate in governing this year at all. I have no idea but i do have reaction to this tax bill that was passed i think very early in morning, saturday Kamala Harris california did democrat shameful, she says, Elizabeth Warren were tearing down democracy jeff, massachusetts grateful passy measure disgraceful hurts working families. Democrats an apoplectic know delivered a win we are going do grow economy tax cuts democrats know into 2018 election they are losing one of the big points that they always campaigned on and that is the economy. The economy is doing much better, trump has got a win i think the democrats sense that they have some trouble on their hands. I think you are right this is a big victory, once it does pass the finish line, and you dont have democrats basically out there talking about, how important lowering corp rate is pulling out this talking point that this befdz the rich meanwhile, a lot of rich people that i know are seeing taxes go up. If you make good money, and you life in new york, new jersey, california, your probably going to pay more at the end of the at a. Right. Whether middle class upper class i dont care you got good money in states you pay more. Call out the fact dayingen that they didnt do anything, on the deduction of carried interest, we got to call out i mean there is a debate around the estate tax going away as well, headscratcher have not meeched deductiremoved deductio carried interest. Democrats in california massachusetts new york angry taxes going up on wealthy donors indirectly angry that tax are going up, in years past they would have been cheering tax increases. The bubble rate is in there. Look i am having fun okay . Even though going to hurt me, i will end up paying more money, because of this tax bill so a lot of people that i know i am all in favor of it a, because it will restore america to prosperity, newly minted american as i said i am big on restoring prosperity having a lot of fun seeing rich liberals really squirm finally getting what they want pay more in taxes soak the rich. A coincidence all states blue states didnt vote for President Trump. Maria more than an obscene hand gesture. Join Varney Company top of the hour Kellyanne Conway is stuarts guest we will be right back right here, more mornings with maria right here after this. Ight here. Winter has arrived. Whooo hahaha [vo] progress is an unstoppable force. Brace yourself for the season of audi sales event. Audi will cover your first months lease payment on select models during the season of audi sales event. Maria big merge disrupting health care cvs will acquire aetna 69billiondollar detail deal of the day stocks on the move. Deal of the day deal of the year largest acquisition of 2017 you can see aetna jumping almost 3 , business big deal experts expect this to go through two businesses one pharmacy one Health Insurance saying they think a got a countered play to amazon possibly moving into mail order pharma another deal did not go through in November Broadcom making it known they would like dialogue with qualcomm moving forward putting 11 names out there directors for the board that are proposed so they can move forward this would be first formal step in a hostile takeover you can see both gaining slightly back to you. Maria thank you so much bring in global head of manage investments, david with us good to see you he. Two topics cvs aetna and tax plan. The cvs aetna deal what is complication from your standpoint. Sort of is a technology play end of the day things taking place in delivery of drugs causing fundamental changes why that merger is taking place from our perspective this is a trend on the cusp what is going to happen in the future Industries Come together to fight the fact a revolution and others. Will tax plan remove immediately on growth would you buy stocks as a result of Senate Passage. I think it will have some small impact on u. S. Growth going to have a more fundamental impact on the on companies in terms of how much paying in taxes, going to have a huge change potentially in Balance Sheets over course of the next couple years money repatriated if that capital revested you could have a Material Impact, we think going to have some impact the story earnings in United States going to be up materially, next year, more than people expect, and, of course, the other story that is out there is that Global Growth global earnings much higher, so we are talking about a 2018 could be quite strong in the equity markets, we think clients should continue to have their portfolios in u. S. Should be diversifying as well. You say dollar going to rally how do you explain the dollar rally how does that fit together with call to move money out if u. S. Grows impovexpectation rates rise more quickly will attract capital into yu consolidates we think longterm trend on dollar is down, 2018 certainly this period for the next few months could see dollar. Dagen if rates go up 10year yield where it was a a year ago, if longer term rates go up, significantly or even more than people expect how does that not put a weight on stock prices how does that not create a headwind for stock market. You are right that it works you dont see that as highly likely scenario we think long term could be two and three quarters 3 out sized bet not significant headwind the kind of growth in the u. S. Certainly inequities year. 4 . Not saying that some are. We will be right back. So you have type 2 diabetes . Yes i do. True or false. Type 2 diabetes more than doubles your chance of dying from a cardiovascular event, like a heart attack or a stroke. That cant be true, can it . Actually, it is true. And with Heart Disease, your risk is even higher. In fact, cardiovascular disease is the 1 cause of death for adults with type 2 diabetes and Heart Disease. But there is good news. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Thats good to know. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. Isnt it time to talk to your doctor about jardiance . Absolutely. Ask your doctor about jardiance. And get to the heart of what matters. Nough time to say thank you to this allstar panel. Have a great day, everyone. Heres Stuart Varney. Stuart thank you very much, indeed. Welcome to the show. Smile. Stocks going straight up. Were not that far from tow 25,000. Dow 25,000. How about that . Good monday morning, everyone. The president wins big on tax cuts, and investors from all over the world are piling into our market. We will open at record highs across the board. The dow will be up over 200 points. Please remember, we crossed 24,000 just last wednesday. On this program youll hear from market watchers who say well hit 25,000 this year, maybe before christmas. Heres a taste