Transcripts For FBC Cavuto Coast To Coast 20171204

There is separate rumor out there, not necessarily one to be believed, the house would simply vote on what the gnat came up, rubberstamp that, get it to the president s desk pronto. To congressman from north carolina, mark walker. Thanks, neil, good to be with you. Neil would you be open to that, there is rumor circulating that the house would simply not on what the senate came up with . Not at all. Republican Study Committee we did a survey last week, we didnt have a single one who supported that. 3 were maybe or depends. 97 said absolutely not. Were going to conference. Im pretty sure leadership confirmed that over and over again. Neil i fest theyre concerned about something potentially breaking down in this process. Rarely does that happen when it gets this far but you are a part on some key issues like Corporate Taxes or cuts going. Sure. The senate favorsc waiting until 2019. You and your colleagues prefer 2018. There is a lot of math built into that forfirst year and other things. How do you feel about that . I would, that is one of the five major areas but i believe there are two, i would say higher category priorities. Number one repeal of the individual mandate which shouldnt be a problem because that was actually in the senate bill. Thats huge. 79 of the people that had to pay the penalty make less than 50,000 a year. As, no need to reargue this. If it is such a great piece of legislation, why are americans continuing to have to be forced to pay this . This is something we can do, the senate has done it. The house needs to follow through. The other part of that, second major issue is permanency of these tax rates, individual tax rates. Those are the two areas. One senate has landed. The house needs to come across. I would add three minor ones. One that you mentioned already. As well as the death tax. The business rate being pushed back as well as business passthroughs for the Small Business. Those are three, i wont say secondary issues but the top two are very crucial. We believe we can come to conference to get it all done. Neil the president toyed with the idea of ac higher corporate rate. Again i know this is a little, horsetrading to get Something Else maybe a lower marriagenal rate. Maybe Something Else. I dont know. What did you think of that . I dont know that we have to do that. Obviously if the whole context of this piece of legislation is designed about being, around being progrowth, we not only want to lower the business rate as much as we can, but we want to implement it as soon as possible as well. Neil congressman, i talked to kevin brady the man who runs house ways and Means Committee when we were live this weekend. We got into the issue of deduction for state and local taxes which go under both senate and house plan. React to this. Kevin brady. They say their constituents will get history and likely a no vote if that remains. What do you think . Were not done yet. Weve been listening very closely to peter king, lee zeldin, but a lot of members from mimi walters and other hightaxed states we want to make sure taxpayers keep more what they earn regardless where they live. It is harder where the state and local governments brutalize these families and businesses with the high taxes. Were determinedc to try to provide the relief so stay posted. Neil what did he mean by that, stay posted . Well i think were still trying to fine tune some of this. The chairman is correct, and you have to ask this question, neil, is it the federal elected officials responsibility to ineffect bailout some of these states who have been irresponsible both at their local and state legislatures running this tax base up to something that is crazy. That is one of the reasons a lot of people are even moving from states like new york and new jersey. Neil why take it out on those i understand that, sir, why take it out on those taxpayers . I dont think were taking it out. Were trying at first, the senate was zero percent for any kind of state and local deduction. We moved it up to 10 . There may be willingness or ability to bump it up a little bit more. Maybe that is what the chairman is referring to. Yet at same time, these are good members serving from the states, we look collectively at all americans, even incentivize some of state and local taxes to be more responsible with their citizens. Neil weve certainly seen a lot of corporate activity of late, stocks surging not just of late buoyed by the tax cut talk and idea corporations will see a lot lowerc taxes, would you be disappointed, congressman, i raised this with a lot of your colleagues at both ends of the aisle, if those Companies Use that for near term, buy back stock, increase dividends, not to expand plants, not necessarily hire more folks not necessarily pay more of those folks what do you think. I will tell you this, this impacts not just these big corporations but Small Business. We have automobile dealership here that is looking to expand once this mandate, once some of these things are removed. Would you be a little disappointed, maybe . But at same point when did it become the governments right to pick winners and losers, especially dabbling into the private sector industry . That is going back to the individual mandate, when you decide federal legislation that forces private citizens to do something with industries that are not connected with the government, that is never been governments role, never part of the constitution. We want to make sure were not mandating what they do. Most of the time, those lowered Business Rates do increase jobs. Can they put some back into dividends . Can they put more moo into the board, im sure they can . Weve seen local manufacturers even in our local area we have seen that jobs happen. Ic dont want to get up close o the democrat talking points, it is all going here. Historically that is not now. Ultimate point that is not governments responsibility. Weir to if i have back more money to the individual, to the companies, to be able to spend and invest the way they see fit. Neil congressman, well watch closely. Thank you very much. Mark walker of north carolina. Thank you, sir. All right we were talking about corporate america. Certainly excited about all of this, that is an understatement with the dow up another 227 points, well into record territory. Maybe proof where all of this could be headed. We got big deal on part of cvs, interested in scooping up insurer aetna for 69 billion. Once again rumors disney reheated up talks with 21st century fox, parent of this company. Were seeing a lot more of tax cuts. The reason and is that something to see even more of in the weeks, months, maybe years ahead . Market walkers Scott Shellady and heather zumiraga. There are issues of timing. The timing of Corporate Tax cuts. So if the senate gets its way, and pushesc them back to 2019 t 2018, how would that play out . Ilthink we definitely need the Corporate Tax sooner rather than later for these markets to continue to rally. Were seeing the tech sector sell off today, neil, because retail and media are catching a bit on the backs of Corporate Tax reform passing because those are the sectors paying highest Corporate Tax rate right now. We need this to happen in 2018, not 2019. Neil scott, would it make a difference to you or your forecasting model, all of sudden tax cuts that are coming come later than you thought . It is going to make a little bit of a difference, the biggest difference made would be how that corporate welfare i would call it, gets spent. Im all for trying to give everybody the best opportunity to succeed. Obviously paying less tax gives you much better opportunity, there is no assumption, i think stock market is telling thaw today, there is no assumption it will trickle down to places where a lot of folks will think it will be. Back when Lyndon Johnson was president , 25 of the taxes raised were from corporations. Now 10 of taxes are from corporations. Well lower that again. That is fine t should be a boost but not carried away which might grow. It looks like it might be stock prices than anything else. Neil the argument investors benefit that way, a lot of people are invested directly or indirectly in the market, heather so everyone is a winner. Do you buy that. I dont know that middleclass americans are a winner in the plan in its current form. Of course corporations are going to benefit from a lower rate. We know that neil. Look at all merger and acquisition deals taking place right now. Right. The Business Community is pretty optimistic under this leader, under President Trump and senate and house plan. Small businesses will get a big break as well. So that is it what is important. Neil scott, you touched on what is happening in the rotation, not only in this visit, but prior ones. Maybe that is sign of good bull market when leaders can easily be swapped out for new potential leaders, Technology Today being switched out for banking and financial shares. That normally is a sign of a very healthy bull market still. Do you buy that . Yeah. Would i say that is a good sign to see, that were not having all the gains obviously heavily weighted in one sector. That is good and showing a little bit of investor willingness to take a little bit of a chance to move some money y that is all food and healthy but i still say what were doing here with the corporations, ultimately, yeah, mergers and acquisition, thats good, corporate buybacks is happening as well. Lets get the pe ratios down. That isnt putting people back to work per se. Actually, arguably that is taking less people out of the workforce. So with welfare you cant really say where it has to go right. If you put it out there those people spend it how they like. Again the stock market is telling us we feel if we get tax cuts through to corporations a lot of money will find its way to the bottom line of corporation, rather than new jobs, new plants, new acquisitions. Neil thank you both, very, very much. Very good read on all the developments. To bring you up to speed, what of part is going on here, optimism they will move very quickly. Alacrity of all this, is something we have never seen. Reagan 86 tax reform measure from very beginning it was proposed final vote came and signed by president reagan, was one year. This . More like six weeks. Well have more after this. 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. Neil all right. Were getting indications that the president now is not leaving anyone guessing. He fullyc supports roy moore. Says that the alternative in alabama would be just another freespending democrat. Doesnt want to see that. This as polls are beginning to show the race is tightening up. Real clear politics average within the margin staff tis call error with moore back out in front. But a battle line is drawn here in a state always been as red as red can be. A state that obviously donald trump won handily. Blake burman at the white house with the latest on the fallout because more are echoing this, arent they . Reporter keep in mind, neil, this was issue white house tried to steer away from completely. The line from the white house for seemingly weeks on end here this is a race for the people of alabama to decide, and they did not want to bring the president into it at all. Then the president left for his thanksgiving break. He highlighted roy moores denials which kind of moved him closer to moore and today. There is fullon embrace from the for the Republican Senate candidate of roy moore. Came with couple different tweets. Here they are from the president and i quote. Democrats refusal to give one vote for massive tax cuts is why we need republican roy moore to win in alabama. We need his vote stopping crime, illegal immigration. The president goes on to givec handful of other issues. Jones a pelosischumer puppet. He followed that up with a second tweet bashing doug jones the democrat in the race saying in that tweet, and i quote that jones would hurt our republican agenda. Now roy moore who has been trying to align himself with President Trump and against Mitch Mcconnell, throughout this race, took notice of this. This race, took notice of this. He gave his response of course he said quoting here from roy moore. Thankful for President Trumps support. The America First agenda will make America Great again. Cant wait to help him drain the swamp. President trump is on Board Air Force one headed to utah, appears, appears there may have been a phone call between the president and roy moore because kayla moore, the wife of roy moore, went to facebook within the last hour, said as much, that the two had spoken. She said quoting from kayla Moores Facebook page, we have his full support, speaking of the president. This race, neil, as you mentioned, normally a democrat in alabama today stands no chance. It is awfully close. We know why because of accusations against roy moore. Latest real clear politics average has moore upc 2 1 2 points. It was people starting to come to moores side. It was Mitch Mcconnell who said moore should step aside. Over the weekend he kind of moved off that a bit, saying it is for the people of alabama to decide, which used to be the stance of this white house until these tweets today. Neil amazing. Blake, thank you very much, my friend. Nothing subtle about this shift going on here. One echoed at first by some conservatives in the senate, let alabamaians decide this for themselves. Senator ted cruz saying as much to me. I think weve got to respect the will of the voters. I think the reaction would be, i think it would be completely unacceptable if the voters of alabama choose to elect him for some washington politicians to say, we dont care what the voters say, i think that would be a mistake. Neil all right. Your Immediate Reaction conservatives saying that. When Mitch Mcconnell, the establishment figure, the head of the republicans in the United States senate who earlier promised if moore made it to the senate would kick him out, alabamaians will decide it, there has been dratticc. Eliza, maybe they weighed this carefully, it would boomerang more on the party to look like it interfeed on the alabama voting process, however you feel on judge moore, right . I think definitely it is that. Were seeing judge moore might very well be the next senator. If the people of alabama are electing him, coming in there already it will be a big fight. Mcconnell and moore, no matter what he says about seating him are not in the best terms right now. Theyre trying to mitigate it, looking like moore might just win. Neil ned in that event, say moore wins, there are still some no, we dont want to seat him, these charges go back in some cases 40 years where he, you know, was with underage women, even if there is not a lot to it, we dont know what is the real skinny, there would be investigations certainly into it. But they would go against almost all congressional or senate etiquette how to conduct hearings because they wouldnt be current crimes or issues or misdemeanors. So what do they do . Right. I think Mitch Mcconnell is going to have a very hard time doing anything against roy moore should he win. I do think he will win, neil. Neil you do. c six or seven points next week. I do. Neil wow. How can Mitch Mcconnell not seat roy moore, when you have al franken in the senate, we have photographic proof i would call Sexual Assault when he is groping a woman. Neil we can differ, if i hear stories involve under age women or girls involved as under 14. We dont have photos. It might not be true but magnitude of the story in both cases would be worthy of Senate Investigation right . No, no way am i not saying the allegations are not serious. Neil neil. Neil i know youre not. I assume there will be a ethics investigation, at same time gloria all read promising the yearbook, we havent seen two weeks now i start to have questions. More importantly, neil, a poll just from yesterday showed that actually 83 of likely Republican Voters either think these charges are definitely false or likely false. So, really again this comes down to what people of alabama think. Almost 85 of the Republican Voters in alabama arent buying these allegations. Neil we shall see. Eliza, comes at a time when congress is trying to deal with some different scandals. John conyers andc when if at a, he steps down, there are many who have been arguing that he should even within his own party, nancy pelosi, emanuel clear was on with me this weekend. This idea that they want to get a handle on it, both side do, but they dont know how. It is mutually destructive history where payouts have gone out and no one seems to know who was paid out, who wrote the check, or who is supervising it . Exactly this is bipartisan issue for sure. And it is hard when you have someone like congressman conyers who has been called on by the leader of his party, nancy pelosi, to step down. He is saying nope, not doing it. And he is now saying raciallycharged. Brings up question why is senator franken staying . Really just, this mess. And then we see over in alabama, we might just get a senator who has allegations from multiple women about Sexual Misconduct with someone who was 14. It is all over the place. Neil you know, ned, your sense that there is a different set of standards for congress, regardless of party, im not trying to pick one over the other. Right. Neil but in corporate america, youre thrown out on your heinie right away, just allegations, immediately. In washington anfc there is a longer process involved in that, i dont know which is the correct route to go. But, those are two extremes. Is there a middle ground here . Well, no, i think there is. First of all were based on whole idea of due process. Somebody is innocent before Proven Guilty. Neil not in the business world. Not not business world, right . Well you know, when youre dealing with some shareholders and corporate boards i think they have a lot shorter leash. Neil right. I will say this in regards to congress i think the leash needs to be shorter. I do not buy the excuses they dont know who got payouts and how everything took place. Neil you have to know. You have to know. Exactly, neil. They know. There has to be more accountability and more transparency. I will say this, regardless of party affiliation, if your name is on a list where you had payouts for sexual harrassment, it is duty to resign from congress and allow the people of your district to pick somebody new in the 2018 primaries. Neil dont hold your breath for that. Ned, i want to thank you very, very. Eliza, to you as well. Thanks, neil. Neil speaking of that Alabama Special Senate race next tuesday well provide nonstop coverage. That will have important effect on United States senate. Remember if judge moore should lose the rate the gap in the sena e falls to 5149 republicans, from 5248 right now. Might explain the rush they have had in the Republican Party to move fast on these tax cuts. To avoid any issue with that special election. But were on it. Next tuesday as we always are for these events. Intersection of your money and your taxes. If it is important to you, it is important to us and we have a feeling it is important to you. Meanwhile were you caught up in the 350point drop last friday when we got wind out of general flynn story out of abc news . Maybe the president of the United States, maybe before he was elected president of the United States was talking to flynn about talking to the russians . That alone would be huge, and that alone prompted a huge selloff. There was that oops moment. That report was wrong. The reporter involved screwed up. But if you already lost money, what do you do . The president has an idea. At . Its just. We were going to ask about it but we werent sure when. So thanks. Being upfront is how edward jones makes sense of investing. Based on the vote we had last week, the stock market has been reacting up believely well. Only thing that hurts it is fake news and there is plenty of that. Neil all right fake news to which the president was referring was this abc news report that turned out to be wrong on a Crucial Point about the timing of conversations that general flynn might have had with the russians. He was signaling that initial report, that it was before the election, which could at least infer collusion. Instead it was after the election. Now i will give this next guest some credit here. He was concerned about it. We were both concerned about the cooperation of this. No one else was corroborating it. It makes a world of difference since it was out there in the openended nature there. Bevers sus after. Turns out after. Charlie gas. What do you think of Charlie Gasparino fa reno, what do you think . The guyc National Security chief cant talk to the russians. Neil regardless when it is. We had tumult in the dow. This could go much further. The president is arguing tweeting, you might have ground to sue abc on the brian ross report. Full disclosure. I know brian ross. Decent guy. All reporters make mistakes. Here is where the president is out on an absurd legal him if he is thinking there is anything actionable here. Ross faces diminimus legal liability. Neil abc benched him for four weeks without pay. That is whole another system. They believe he did not dot Due Diligence putting it out. He did not just make a mistake, screwed up in fundamental ways. Here is where it gets, legal thing becomes market manipulation could be theoretically sued by shareholders lost money in the market or be charged by the Securities Exchange commission. If brian ross knew what he was doing was a lie, had to know that. Neil right. And if he is shorted the market, meaning he would have made money as market went down, you can easilqc short stocks or short an index. Shortsideers that follow the s p as it went down, if he did those two things, knowing that his report was false neil he wouldnt be that stupid. We asked him for a comment just so you know to cover our rear ends, they did not comment. I cant believe he is that stupid to do that i would say this, even if he did short stocks thinking story was true, if he shorted indexes i still wonder whether there is a case there. Neil take all of that out. I think that would really be the height of stupidity. That is only way. Neil the other thing, what is to make of the bigger deal, guess on my part, he didnt see the significance in putting this together of the before or after . You and i could step back and say, well, before, you would fuel debate here they were talking to the russians and maybe trying to do something. Right, right. Neil and after it is fair game it matters before because youre not the president. Neil absolutely, absolutely. Right. Neil we dont know. You have to ask him. I will say this, where this becomes an interesting issue for the president , take what brian ross did out of the equation. What happened with flynn last week is pretty significant. It is significant in this sense. They have alreadyc indicted manafort, they indicted flynn, and looks like, this is where it looks tricky, looks like going up the next level of the chain, looks like, not saying it is, would be jared kushner, who has been, who theyre obviously investigating, soninlaw for the president was a key member of the transition team. Had some, we dont know exactly the full extent of it. Some dealings with russians and meetings with don, jr. Don, jr. Is not part of the administration. Jared kushner is part of the administration, that is serious stuff. Neil if that had heen, we never got wind of this other report which turned out to be wrong, what would the market fallout would have been . I think it would have been up, based on the senate story. But it recovered. Neil it did. We were down 44, 45. You never know with this stuff but people i agree with the president , there is no way he can you know, secure support for suing abc or whatever on this, but he is sending a signal out, this is another example of fake news. I think, two things, two stories here, youre the viewer, you watch us for business news. Do not trade off headlines. Be investors, not traders. Part. The investment part is pretty good because well cut taxes big time or the government will cut taxes. Neil dont get caught up dont get caught up in Little Things but here is this. Is that, we as journalists, you have to be careful, there but for the grace of god go i. People make mistakes. And there is big, this is a big playing field. The president of the United States is under incredible pressure and scrutiny. His soninlaw, who is a Senior Advisor is in the crosshairs of the special prosecutor. That is a huge story. Neil yes, indeed. You have. You have to get that right. Neil thank you, my friend, very, very much. I say on the show, dont get worked up in the minutia in the second of the dow. We follow it, we follow it, step back, its a snapshot. Once snapped it is gone, the image is gone but longer term view. The dow is up 182 points buy, buy that is another network. That says stupid things. Neil networks, final season of house of cards, they will have one. It will have eight episodes. It will not star kevinc kevin spacey in the final season. It will start production in 2018. Who would watch it . It is good but. Neil we show the back of your head. He is a bad guy, allegedly a bad guy. Neil more people than you think. President underwood might not be there. I guess former president underwood. His wife leads country. If you havent seen the season, im told its a spoiler. He is no longer president. Bottom line. More after this. Neil out of the blue, even though welltelegraphed, rumored for a while, cvs wants to buy aetna for 69 billion. Would any of this be happening if we didnt have the prospect of tax cuts coming . Lets go to barrons. Com editoratlarge, jack otter that sectmr is certainly on fire, isnt it . Yeah. I would say it doesnt have a whole lot to do with the tax bill. It has a whole lot to do with amazon. Neil right. Before anyone heard about barack obama, i talked to a health care analyst, we have problem coming down the road. The science is so good, we can cure fatal disease, only problem it costs awe million bucks. Who will pay for that. Forget obamacare. As medical advances get better and they cost more and more we have to figure out how to pay for it. Neil im just not quite sure, a number of cvs have the health clinic, all the rest, is that how we get Onestop Health care and is that the future because if it is im alarmed . It is alarming. It is very expensive to go to the doctor, have you check you for strep throat, send it to a lab, all that stuff. To go to cvs, have them dot check, and aetna also the health care provider, wowing doing it inhouse, they will not charge you a lot. Find out on the spot. Give yous drugs. Charlie the relief manager . That is what worries me. You know what depending on the community i suspect the level of care will be a lot different. Neil right. Not as if it gets rid of all the problems but we have to find new solutions. Cleveland clinic is really on the vanguard of, paying doctors based on what happens to the patient, not the fact that they spent 15 minutes administering a test. Neil drug prices are big reason premiums go up but they go up with or without obamacare. What will change with this, when it comes to fruition . Would you and your colleagues at barrons see this sector alluring in this environment regardless what happens to obamacare . I think the sector is alluring based on demographics. There will be more and more demand for what the companies do. We have to think mergers are in the offing. Some wonder if walmart will copy cvs and by a Health Insurance company. Neil with their 6 a prescription. That might make sense. There are interesting problems. Unitedhealth already has a pbm a pharmacy benefit manager. Now suddenly competing with aetna in two different ways. You might see insurance companyc walks away from cvs because there is conflict at the pbm level. There will be a lot of turmoil here. Basically health care is definitely on a longterm, good trend. You get these buying opportunities when Hillary Clinton tweets about clamping down on drug prices or Something Like that. Whatever the next thing that sends prices down i think that will be a good buying opportunity. Neil switch gears quickly. Bitcoin seems the next crazy thing. We could have wild swings in this, whatever you want to call it. You cant call it currency. Neil whatever it is, but i do know it swings wildly from daytoday and im wondering what you guys are making of it . All this with a backdrop of a market that doesnt stop. Were covering more, hey, here is what is going on. Usually we dont take a view that buy this thing. I wouldnt be surprised if it went from 10,000 to 500 or 40 bucks or 100,000. It is just so, there are great arguments on the bull bear side. To call them that, you cant handicap it. Neil what do you own when you have it . What do you own. You know what . Im notc one of those fiat currency people, stock your house with gold. Neil careful. We have a lot of those commercials. I followed you through the sponsors. When you have a dollar youre buying the full, faith and credit of u. S. Treasury. When you have bitcoin youre buying a transaction might be taking place in china but a lot of people are putting faith in it in fact using it as a hedge against gold or dollar. Neil saudis had a basket of currencies. Yep. Neil your thoughts really question on market right now. I noticed Technology Stocks are getting pounded but right to the fore with banking, financial issues, others. Normally interpreted as a sign after bull market, a healthy sign. They can seamlessly go from one portion to another specific stock or sector. I agree with what you just said, i think what were seeing tax bill arbitrage. Neil i like that, tax bill arbitrage. Sectors that may not benefit as much, wont, are not doing as well right now. So people are rushing into the big beneficiarieses of the tax bill. Neil jack otter, scary smart, youngc man. He is the best at barrons, editoratlarge. Were keeping very close eye on this, dow which is now up 182 points. 39 points tick for tick. Were on it, until were not. After this. Ore that . You mean after that . No, im talking before that. Do you have things you want to do before you retire . Oh yeah sure. Ok, like what . But i thought we were supposed to be talking about investing for retirement . Were absolutely doing that. But theres no law you cant make the most of today. What do you want to do . Id really like to run with the bulls. Wow. Yea. Hope youre fast. I am. Get a portfolio that works for you now and as your needs change. Investment Management Services from td ameritrade. For every hour that youre idling in your car, youre sending about half a gallon of gasoline up in the air. That amounts, over the course of the week, to about 10 pounds of carbon dioxide. Growth is good, but when it starts impacting our quality of air and quality of life, thats a problem. So forwardthinking cities like sacramento are investing in streets that are smarter and greener. The solution was right under our feet. Asphalt. Or to be more precise, intelligent asphalt. By embedding sensors into the pavement, as well as installing cameras on traffic lights, we will be able to analyze the flow of traffic. That data runs across our network and we use it to optimize the timing of lights, so that traffic flows easier and travel times are shorter. Who knew asphalt could help save the environment . 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. Neil all right. Well, weve been reporting this, white us indeed confirming that the president spoke to judge roy moore, the alabama Republican Senate candidate who has a slight lead in some of these polls again, endorsed his campaign yet again. You could argue the president standing by moore has now sort of got others to sort of be in lockstep here, including Mitch Mcconnell who said over the weekend it is up to alabamaians. They decide. They vote on this no outside interference. That is something that ted cruz, others have been espousing with me. Let the voters decide. See what happens. Meanwhile, a lot of new irs data coming out showing a lot of people are leaving illinois in record numbers. A lot of that might have to do with the fact that taxes got very, very high and millionaires tax meant to ensnare millionaires, well, obviously didnt work, or did it. To fbns jeff flock. Hey, jeff. c reporter it is said, neil if you build it they will come but if you tax it too much they will leave. Apparently illinois, irs data crunched bit conservativeleaning Illinois Policy Institute finds 86,000 fewer people in illinois from 2015 to 2016. They left the state and with it, 11 billion of adjusted gross income. Why did they leave . Well the reason is pretty clear. 25 saying, this by far the number one reason, high taxes that ian outstrips the bad weather in illinois which would be my reason for leaving if i were to leave. Interesting to note about military tax, they talked about it, havent implemented it. Turns out this is hurting the middle class and lower income people more than anyone else. If you look at people making 200,000 or more, actually that number of people has increased in illinois. So if you can afford to live here, people apparently still like living here. If you cant afford to live here, governor of illinois, bruce rauner, who has been fighting high taxes in illinois but not particularly successfully, soc unsuccessful, so that the National Review put him on the cover of their latest edition and called him the worst republican in america. Not easy being governor in a blue state. I would point out, that at the conclusion of this, neil, that you know, fewer people does mean at some point perhaps, fewer representatives in congress and fewer electoral votes at some point as you go to elect a president from a very blue state. Neil fewer dollars coming in no matter whether youre republicanned or democrat. Great reporting, jeff flak, jeff flock in chicago. We have kris kobach, kansas secretary of state. Secretary, what do you make of that . Your state had a problem the other way i guess, big tax cuts and the argument was too, too far. People said were losing services here. We dont want to do that. We have to dial it back s there a happy medium . No i think the bias always should be in favor of greater tax cuts. Kansas had a very low tax rate for a few years until last year. Then a coalition of democrats and liberal republicansc pushed through a massive tax increase. Services were not cut at all when we had the low taxes. Economy was growing, not as fast as some people hoped, but it was growing. I think they didnt leave low taxes in place enough. I hope to return kansas to lowtaxed state. I dont see having higher taxes is helpful to any states economy. Neil you dont think the governor went too, too far . You were right, a few republicans took it out on some at the polls to say, there is thing, when as far as cutting fat but this cut to the bone, you dont agree with that . No, i dont agree with that at all. Indeed kansas has pretty high sales tax. Were tied for ninth in the country. When you have high sales tax you have to have relatively low income tax rate to keep people in your state. Neil what is going to happen with this . A lot of people in the hightaxed states, secretary are concerned about the tax package. A lot of representatives, for example, republican representatives cant vote for it, peter king. Latest to say im guaranteed no vote, if they dont change it that is the way it is going to be. You come from lowtaxed state, you sayc tough luck to those states . Strangely kansas gone from being lowtaxed state to relatively hightaxed state for midwest that is, not as high as illinois. Neil but youre no new york or new jersey, thats what im saying. Thats correct. I think we have to push for federal tax cuts no matter what. Sure some state and local tax scenarios will be better off than others, look, american taxpayers are hurting. American corporations are not going to start coming back to this country until we get our Corporate Tax rate down. So i think we can quibble about which states are better off. But bottom line the American Consumer is better off when taxes are lower. Neil a lot of consumers are jaded when it comes to these tax cuts maybe it is just reporting on them. Corporations getting permanent tax cut. They themselves are not. There are a lot of reasons for that. That theyre getting the shorter end of the stick. What do you think of that . Well certainly true that one of the proposals makes the Corporate Tax cuts permanent whereas the individual tax cuts phaseout. I think that people who are looking at it seriously know that is matter of political bargaining as theyre trying to make the numbers work. I dont think there isc any dot all of the republicans would like to see the individual tax cuts be permanent as well, including me. Will that happen . Hopefully. When you have a tax cud made, then about expire there is a lot of pressure on congress to keep it in place. Otherwise its a tax increase. So ideally it would be permanent individual tax cut, but if this is what it takes to get it through, we have to take a little bit of negative with a lot of positive. Neil depends which party is in control and what their priorities are. Kris kobach, secretary of state of kansas, thank you, sir. Weve been talking about dow 25,000 by christmas. At the rate were going, how about by friday . What the heck is going on here . After this. With kevin brady that reveals some of what is going to happen with Conference Committee. All life on paul ryan, Mitch Mcconnell, getting their teams in line for this Conference Committee. Will have the vote in the house for the Conference Committee sent to the senate. They will pass the measure to go to conference and off to the races. But during your interview with kevin brady, he talked about being open to compromise open to compromises, further compromises on the state and local tax reduction, which the senate is trying to repeal. He wants to, he said, have the Corporate Tax rate sooner than later, which is something they may want to push to 2018. Do 2 Corporate Tax rate, so while this is in the mix once they get to the Corporate Tax rate to listen to what they said this morning on the way to utah. The stock market is going to have a big day in based on the massive tax cut that we are very much in the process of getting approved. Based on that though we had last week, the stock market has been reacting unbelievably well. Connell we are waiting for the house obviously davits out tonight to go to conference that the senate will then did not there are some people saying perhaps this week, but dont wait for the bill to a merger in Conference Committee until the senate next week. Not to be a shameless promotion here, but people should watch the interview with kevin brady and cost of freedom over the weekend because its quite revealing over what will happen over these negotiations. Trade today dont want to move, but thank you very, very much. By the way, on the same issue about what is next, the budget issue having touched on that, we are hearing nancy pelosi and Chuck Schumer have accepted the white house invitation for thursday, budget summit. You might recall last week they canceled the powwow with each other. They argued the president started the chuck and nancy slate via twe daca that we have seen over the past two years. But did you mean by that but at least if you start the government, that is better than piling on these deficits as a result of never starting the spending . Will comment deficits are going up no matter why. The amazing thing for me is all this whining and complaining about a small tax cut, let me be clear, a small tax cut that could cause a trillion in debt to say, when the spending over the next 10 years is nine to 10 trillion of debt that they of debt to say. The hypocrisy run amok right now and again, that is the biggest worry longerterm. For me, it is just the same old, same old. I wish somebody would do something different. The good news is project early. More money will stay in the economy and hopefully away from washington d. C. The growth of the economy is based on the people that go to work every day, not the Government Spending from washington d. C. Tree until you know, sarah, the one thing i did notice this they pay for, which is fine, but no one said boo about the natural trajectory about 9 trillion more to our diet and no one really mentioned that. They were focused on something that was a 10th the size, which is fine. But why not go after everything . It is interesting that you havent really seen any talk of offsetting spending cuts going along with these tax reductions. Neil or spending cuts of any sort. You havent seen that discussion come up anywhere. It wasnt part of health care, not part of tax reform discussions. Its not part of the end of the Year Spending agreement discussion, not talking about cutting many spending. In fact, we are talking about lifting the cap funding on trade spending. Consult extensively by conservatives, you havent seen spending cuts on the part of any discussion of any major policy debate this year. Tree until i will be talking to close budget watch. You follow this stuff very acutely into the point of rattling republicans and democrats, but the markets dont really seem to care about deficits are dead or they do seem to care about tax cuts and getting them sooner rather than later. Dont fight back. What do you think . Meal, any company or industry, meaning they pay very high taxes right now. Their stocks are flying based on their taxes are going to come down and out will be added to profit. Profits go up, stock prices go up whether its a Federal Express or a home depot. Ive been going through the list today of financials, retail, transport, anything housing related here they are making moves in the last few days that you dont usually see for a year. Most definitely come in the tax reform is speaking loud and clear about the winners. On the losing side, they are going after Anything Technology right now. Semiconductors, internet, things like that. Definitely a diversion going on, but i cant argue with the dow tightening and that is where you go for the time being. Neil guys, thank you both. Biomechanics, the budget president. I always say when i mentioned her title and background as it neared we are not seeing it here. Eventually that will be a problem to the markets dont think it is, betting on some growth, without getting into the weeds, is there some truth that you will see some growth and that will create revenues because builtin to the latest 10 year plan by one budget for crossing group, 1. 9 on an average, certainly we can do better than that, right . Right. Lets start with where we are expected on growth. Tax reform will grow the economy. The argument has been if it will grow the economy by four tenths of a percent by the year to offset a trillion dollars of borrowing that we are finding the tax bill is going to cost. Neil four tenths of a percent of the established rate of 1. 9 . Right. To. 3. Which doesnt sound too high. The difference is, our population is retiring. I laid force is not growing like it used to. It will only contribute one quarter as much to growth Going Forward us a pass in the past and that brings down our growth. The four tenths is very hard to do because we dont have a labor market boosting it out. The scores on the tax reform bill and not everybody wants to bank this on a wish and hope in a dream, but the scores that it will grow the economy each year by about 2008 . And so, pretending the growth is going to be much more, means we are going to end up with a much larger debt. But the conversation before hand, this on top of the fact that yes indeed we are on track to borrow 10 trillion over the next 10 years. You know who has been talking about that a lot is us, the federal budget is really worried about that. Republicans have talked about doing a budget that would get the balance over 10 years, but instead they have absorbed. They plan to bar the 10 trillion they just added added 1. 5 trillion, making the situation worse after economic growth, not better. That is what we are worried about when the day of reckoning will happen. If we keep taking the easy choices, they will pay for themselves when by all accounts accounts they want accounts they wont come in the debt will grow and grow and grow and the outcome will be bad for the economy. Neil, ive gotten into this before, the obama years in these years, with very little coming you know, severe pain, you could adjust the growth rate of some of these entitlements as pauline wanted to do when he was running house ways and means. He was following the growth in a portrayed him as throwing granny off the cliff and top was the growth in entitlement. A lot of people here that they may think no, its not a gimmick. These are the biggest ballooning parts of our spending and just by changing the trajectory slightly, it is a whole different game. That is completely correct. Social security, medicare and medicaid are the big items in the budget, big items in the debt big spending growing faster than a revenues and we just made a plan to bring in less revenue to pay for the spending instead of more. But we cant control that by slowing the growth. What i would say judging on the budget where they didnt touch a single entitlement, what is going to be made this bipartisan effort. Republicans have not shown they want this on their own. From a political economy, we made it so much harder to touch the entitlement. Trade to if you have the aforementioned checking the the pelosi eager to meet with the president on thursday, so maybe they are back all in good graces, then there might be room for a bipartisan deal on spending. I know maybe hope springs eternal, would you make of that . I wish i shared your optimism. They will talk about not having the government shutdown. That is very different than undertaking fundamental entitlement reform, which we need, but is much harder. What we are about to do with us through the spending caps that exists. We have a sequestered place and by all accounts republicans and democrats are eyeing how to lift those and start spending more. I hope theyll offset those costs, but i have my concerns. We have a paygo sequester as a result of the tax for virgo, which would reduce spending by 150 billion per year. You know who is promising that they will not have spending cuts . Leaders of the house and senate. Mcconnell and paul ryan said we are not doing a sequestered. There is no appetite for spending cuts or entitlement reform on either side of the aisle from what i can see. Neil they both have to jump off together. After this tax reform bill, and jumping off together just got a lot more difficult because democrats are saying you took all the revenues off the table, not you want us to jump with you . That makes negotiation more complicated. I wish we dont entitlement reform our complicated. Neil gatt, but they started it. Thank you very, very much. In the meantime, an fbi agent removed overt antitrump tax. Sometimes you wonder what the president talks about the fbis credibility. Is he onto something or the constant relentless attacks of the credibility proving the president could be onto something. Zar one of our investors was in his late 50s right in the heart of the financial crisis, and saw his portfolio drop by double digits. It really scared him out of the markets. His advisor ran the numbers and showed that he wouldnt be able to retire until he was 68. The client realized, i need to get back into the markets i need to get back on track with my plan. The Financial Advisor was able to work with this client. Hes now on track to retire when hes 65. Having someone coach you through it is really the value of a Financial Advisor. 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. Neil all right, the president now by the way many with leadership from the church of latterday saints, utah very big mormon state. He has been touting much the same for alaska. For alaska appear really get into that in the day. In the meantime, fbi agent removed over some nasty tweed he was writing about the president. A lot of this is calling into question whether the investigation and the possible russian ties whether it is fair to him. Lets get to read right now from the hill right now, bill gavin, former fbi new york assistant director. So bill, it calms with the veracity is what we get and how unreliable it is with the fbi in this investigation. What you think . It is a very difficult set of circumstances. I hate to be one of those people who say when i was in the bureau xyz. I dont mean that at all. First of all, with the focus on the fact side men and women in the trenches doing the work every single day will be totally dedicated to the justice and the american way of serving the american public. With that said, i have seen in recent times kind of a change in maybe some of the management within the bureau. We had jim comey himself begin to prosecute decision outside of the investigative agency, i. E. The best agency in the world. That didnt please me that much. Then you have to hand him a cave his wife involved in virginia politics and now you have the deputy are making some comments when he was involved, negative comments from the president when he was involved with the Hillary Clinton affair and it just doesnt make a lot of sense to me. In days of yore, the bottom line was you didnt get yourself involved in politics that he had turned political opinions and he voted the way you wanted to vote. It has no place. Politics and political affiliation has no place in the fbi. It just doesnt. Neil it ought not to be to your point. Nevertheless its out there and bob mueller did get rid of the guy. What i didnt understand is how this wasnt telegraphed earlier or whether this guy had expressed his views in any way. You want everyone to demonstrate no agenda here and i wonder. What do you think . You have these tax messages supposedly coming out during the president ial campaign in 2016 at the Justice Department Inspector General getting on its radar sometime this year and peter shirl, the fbi in question being pushed out off of mueller steam over the summer. No question what is going on there. Clearly an alarming thing for the special counsels office and they act did to get agents drop off of the special counsel Team Investigating the president. Neil how do we know theres not others that feel this way, no record of tax store electronic transitions to show it . Thats right. Many people here at the white house are going to be asking about the special counsels office and it shows if you or someone on Robert Mueller steam you best be on your best behavior at all times and keep on the straight and narrow. There are critics out there ready to seize on anything to portray it as politically motivated and politically biased. Neil i did when it gets her thoughts as well on the dustup over Brian Rolston reported suspended for weeks without pay same general plan was talking to russian operatives before the election turns out he was talking to them after the election with a world of difference. Abc acknowledges as much. It did change what has been a fairly goodlooking marketing to a 350point falloff with you have grounds to sue abc. Im not asking to be a legal expert on grounds of the lawsuit. Would you think of the reaction to that and whether that was a clearly biased report that harmed a lot of people . It seems to me that the man of the experience that brian ross has had in with all the different stations hes been with, he should have done a much better job at making sure why he put on other than the Public Market was absolutely true and correct. He didnt obviously do that job. He relied on some information that kind of went with what he personally was thinking. Thats the wrong thing to do in the organization you are in in the press has done a great job of double sourcing things. It appears to be brian stepped over the line and he is the first to admit that he did what he should never have done. The impact on the market that day i dont know what became of that, legal minds will figure that out. Its not fine. It was a tragedy what he did. Neil jordan, the other argument he did know the significance of talking to the russians didnt delineate between before or after the election where thats a huge difference. When you think of that . Theres a difference there and theres also a difference in what we see with the president over the weekend that cost the much aligned to be fired the National Security advisor because what he said to Vice President pence in the fbi as proof of obstruction of justice for some pushback from the white house that that is novel is happening, that the president may not have really know the extent of White Michael flynn told the fbi at the time. Theres a lot of confusion in the details. Theres a lot we dont know and want to find out what happens. Neil gentleman coming to munich very much could the president in utah meeting with leaders of the Mormon Church with local residents. Of course, this network will carry it live with more than 40 minutes. Meanwhile, apple has another glitch driving a lot of folks not. Cbs by an anthem for 69 billion bucks. What will that mean if that goes through . What if i told you you could get the full medical . We will have that. Today were out here to test peoples knowledge about type 2 diabetes. 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. 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. Welcome back to cavuto coast to coast. Nicole petallides on the floor of the new york stock exchange. The dow up more than 870point and the march continues. New record again today. Right now the dow was up 195 points. 24,470 at an alltime high. S p 500 higher bracer 10. Nasdaq not participating down about 14 people rotating into some of those types of stocks that will benefit from tax reform. A look at the dow leaders today with names such as disney doing most of the pixar movie, coco. Though wayne, verizon, chevron, best performers of the day. Tech has been pulling back son. Names such as netflix, microsoft and amazon was stellar performers this year all down 1 . Microsoft down to. 6 and amazon down 1 . People moving into areas such as financials and industrials with more from tax reform. Neil thank you very much, nicole petallides. Here is a record or close to it. So many big transactions. Cbs wants to buy cvs wants to buy aetna. Deirdre bolton with more. This is the biggest deal announced so far this year. I do not in before the end of the year. Basically the latest most erratic sign of how the lines between traditional segments and health care are blurring. The idea here is to create onestop shopping for consumers would pay prescription medications. Post merger this company would have a Retail Pharmacy and a company that can negotiate Prescription Drug traces. Really important with drugmakers. Cvs is going to own almost every step along this prescription process with only one exception and that is making drugs. Cvs would not manufacture drugs, but Everything Else is what they wanted to hear. Most analysts had been speaking with see this as a preemptive strike against amazon. This is amazon of course as we continue down slightly. Basically known to step into new businesses and crushed the competition. Noting in this context is amazon applied for and approved for wholesale pharmacy licenses in the east 12 states. That means you can order your prescription medicine, have it delivered by amazon on with paper towels, crayons, books, whatever you normally order from amazon. Tech has changed so many businesses, but the retail side, and basically act in the same as we did 10 years ago. Amazon is known to be disruptive. Traditional Companies Feel the thread trying to find Creative Solutions to stay relative. You remember when amazon bought whole foods for 13 points 7 billion. Other supermarket stocks fell hard and one thing i want to make a note of as well, the aetna ceo will step down when this goes through. Cvs we are assuming will get the goahead to buy aetna. Neil an attack of lower drug prices as a result . This is really the big piece of the puzzle because cvs has Something Like 10,000 Retail Stores and so they will go to the drugmakers and say listen, i am making this so much easier point to point for consumers. We need to talk. Neil and they will talk. Thank you very much. In the meantime, apple facing a few more issues tremendous time over an iphone glitch that was more widely spread than thought. Lauren simonetti. It didnt happen to me, but if you feel a lot of apple bugs lately, you are correct. Another headache for apple users over the weekend that cost the company to hurry up and visit slater system for iphone and ipad ios 11point to you right away what was actually slated for release tomorrow. Apple basically to rush the update that fixed the glitch friday night but some users said their devices kept crashing and rebooting themselves over another when they were using thirdparty apps. Notifications repeatedly or a work reminder, Something Like that. If you wanted to install the operating system 11point to come you had to get past the crashing coming meaning you had to literally go into settings to allow notifications for each affected appomattox pretty annoying. Apple has issued the fix here. It has not replied to our request about why this problem and others keep happening. You remember this when auto correct turned eyes into race. When other people could log into others without even a password. They got administrative access. We heard reports that patch didnt fix the problem in many instances. Bottom line, recently the patches are rushed. They are not solving the problems or they are creating additional problems. If you go on twitter coming you see folks complaining about shorter battery life and other issues like that. Neil amazing. Thank you, lauren. In the meantime there is a battle back and forth over the taxpayer now whether its fair, but an excuse to the rich. It depends whether you look at the data. Either side pushing fake news. Heres the thing about numbers. They are not really conclusive. After this. Neil albright, the president is in utah meeting with leaders of the church of latterday saints, and lets listen in here. Just discussed all of the care in all of the giving youve done and to help people comment particular poor poor people would be a great thing and perhaps will transmit back to different parts of this country in the world. It is so brilliant to hear it. Thank you, mr. President. We are here in a place where we have food and material that we give to the poor. This isnt simply an example of what we do across the world, the idea of being we think we have an obligation to look out for the people who without our aid have tragedy of poverty or hunger and this is an example of what we do. 120 would you say a word word i was in china last week and got to see what a wonderful job President Trump had done previously. They were filled with hope because of your visit, mr. President , and also to put in the Chinese Church bringing supplies for School Children who didnt have the means of getting what they needed to go to school with. I heard you were there. For really great heart surgeon, one of the best in the world and he decided to help even more people by doing what youre doing, so we appreciate it. Thank you. Thank you all very much. Appreciate it. [inaudible conversations] mr. President. Mr. President . Neil the president meeting with more leaders in salt lake city. He is going to be addressing folks they are in about an hour while he will let his plans ran in on some activity going out there and also some protective glance going out there. This is the same type of scene he and alaska where they look for more energy reserves. Lisa murkowski of alaska and other senators have been very eager to do that. Orin hatch, Senate Finance Committee Leader who is rumored to be interested in stepping down. And if he were to step down, mitt romney has emerged as someone who would be interested and of course, was very instrumental in turning around the utah winter olympic games. He would be considered extremely popular, very heavily favored to win is extremely republican state. The president when you the president of winning utah handily in the last president ial election. We will keep you posted on all of that. Meanwhile, a lot of focus on the taxcut plan coming together in capitol hill to iron out some of these differences. Using a lot of the headlines that this is just a gimme and a penny for the rich, even though the rich under a lot of conditions could see their taxes go web. It depends on how you look at the data. A couple of different ways to look at it. Gerri willis has been spending far too much time doing just that. What have you noticed . Thank you come and kneel. Who you listen to, its either robbing the middle class to pay for tax cuts or it is the most equitable piece of tax legislation in history that will enrich the country in short order. The reality somewhere in between. Lets look first at characterizing the bill is unfair to the middle class. In fact, the builders offer benefits to people with midto low incomes including a doubling of standard deduction for 13,000 per married couples to 24,000 for the senate bill doubles the Child Tax Credit to 2000 bucks, reinstate for student loan interest, parents to deduct to children in need of medical expenses to some extent of the senate into senegal repeals obama scare individual mandate as a tax penalty for not having insurance but as a minnow causes 695 bucks or 2. 5 at to 2085. To be sure, as democrats pay their benefits for Small Business operators and big companies. The top tax rate for Small Business falls from 3926 right now to below 30 . Corporate tax rates plunged from 35 to 20 and the senate bill shays a percentage point from the top individual tax rate to 38. 5 from 39. 6 of the estate Tax Exemption is boosted to 11 million. Meanwhile, the gop is the same as everybodys tax rate. That is not true either. Tax payers who are employees rather than working for themselves will see a lot or reduction of key deductions. No longer will tax payers deduct state income taxes. Deduction for property taxes will be limited to 10,000. Also, pinocchios on both sides of the aisle with many of the broad sweeping characterizations of this tax plan simply not true. Neil it is confusing to put it mildly. Gerri willis, thank you very much. Kevin brady was telling me why tax rate should be delayed for another year. The Senate Delays the Corporate Tax rate to 2019. The house plan starts in 2018. How do you feel about that . Sooner rather than later is the answer. We just think the sooner we can become competitive, the better. Our International Competitors they are not standing around to look we are talking about it now at the end on tax reform. Focusing on that 20 rate, trying to get it in place as soon as we can. The sooner we do it, the more competitively become. Neil the now former u. S. Small business administrator, good to have you back. Thank you, neil. Neil do you think that makes a difference whether his 2018 or 2019 . And as for those Small Businesses. They want how some certainty is that they can do their planning. They are interested in their bottom lines. This discussion gets talked a lot about a lot about what to do for the big guys. Im interested in whats in it for the small guys. Any money they have for the bottom line goes right back into their business. We think its critically important this be effective next year for sure. Neil the talk were the president all of a sudden open up the possibility of 20 , maybe 22 to pay for other things, what do you make of that . They have to go to conference and figure out differences between the senate bill in the house bill. We werent totally satisfied there was enough for past their businesses, so we will keep a keen eye on how it perceives to the conference. The president says he wants it done this year and we want the Christmas Present for the american Small Business men and women. So do we. Neil one thing i heard from a lot of the 1 crowd, very angry their rates will change, they will pay a lot more to seeing how they can become to take advantage of the. And it wouldnt be the first time they tried it, with ways to pay less in taxes. Do you think that could have been indeed think many will seize on the opportunity to make it happen . There is always a chance for that to happen in smart people find ways to get around these things than they have been for a long time. The folks on wall street have been not taking it as same time in getting capital gains. Let me tell you there is an opportunity cost here and that is for example hispanic businesses growing as fast as all other businesses, they would add double what they are adding right now to the u. S. Economy. 1. 3 trillion. We came out with a report last week. There are big stakes especially for the Small Businesses in the small engine of america. Neil good seeing you again. The former u. S. Small business administrator. Neil the president does he know on his way to utah, officially talked to roy moore. I believe there was the first in recent memory that he has, fully endorses him and now everyone seems to be getting in line in lockstep including Mitch Mcconnell. So then what . After this. Our recent online sales success seems a little. Strange . Nk na. Ever since we switched to fedex ground business has been great. Theyre affordable and fast. Maybe too affordable and fast. What if. People arent buying these books online, but they are buying them to protect their secrets . . hi bill. If that is your real name. Its william actually. Hmph affordable, fast fedex ground. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. Is this a phone . 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. I can almost assure you john conyers is going to make what i would think is the right decision for his own legacy. Neil which is what . Is to step down and try to enjoy the rest of his life. Neil so you think the right decision would be for him to go . Yes, i think that would probably be the best for. His family and, frankly his constituents. Neil remember that democratic congressman emanuel cleaver, a preacher by training, john conyers are very, very goodc friends. When cleaver is calling as he was in our live coverage over the weekend on his friend to step down and resign, thats a big deal here. Combs on the heals of nancy pelosi urging the same and other Democratic Leaders to say, better part of valor for conyers, the longestserving congressman is better to go now and not wait for next year. We have campus reform. Org media director cabot phillips. What did you make of that. Congressman cleaver is not the first member of the black caucus or more influential to call conyers to step aside. James clyburn, one of top leaders in leadership did so and wouldnt make a difference. Neil conyers most of times he speaks through his attorney. The counsel said the congressman isnt going anywhere, sound like he wants to serve out his term. It does sound like that, doesnt it . Neil so, cabot. There is a lot back and forth, clear message, democrats want to be rid of this, when republicans come up on roy moore, would be rather rid of him before he get there, now they the latter,c seemed resigned to the fact that al becamians could elect him, if that is the will of the people, move on. What do you make of this . It is interesting to see how with conyers and with more a lot of people in office are kind of kicking it down the road, trying to stall. Congress especially saying well, i will wait to make my decision. He and his team hope someone else are accused of Sexual Assault, and tide blows over so they can stay in office longer. I dont think that ends up happening. When it companies to moore down in alabama, it is important to both sides, a lot of republicans think short team we have to win this election no matter what, the damage would do as portray themselves morality, Family Christian values and elect into office a guy like roy moore. I think longterm damage would be done but a lot of neil i know you cover them, cabot. These are allegations that he had this sexual relationship with an underage woman and women. So innocent until Proven Guilty i guess. One thing cops up in all these allegations corporate america, they are gone. Matt lauer, gone within a nanosecond of revelation, bill oreilly, on and on. c very different standards in washington. Im wondering whether there is a happy middle ground here . I dont know. What do you think . Its a great question. I agree with cabot completely this will do a longterm damage to the Republican Partys brand, looking at democrats, having so much trouble figuring out how to respectfully usher senator franken and congressman conyers out the door does potential longterm damage to their brand as party that speaks to womens concerns, particularly women alleging these kinds of horrible offenses. So this is a bipartisan problem for both parties has not figured out how to message. Neil it does seem to be a problem. Cabot, theyre trying to get to the bottom of this fund wh3re payments have been written, checks have been written to victims of harrassment and worse. Im wondering everyone pleads ignorance to a, the existence of the fund, who wrote the checks, who got the payments but it was going on nor a long, long time. Any end to this . I mean a lot of people calling for transparency, you have first have to acknowledge what the heck is going on in the first place, right . Well get the names who was on the list and who was covering up paints. I think the information women out as long as there is public pressure. Even conyers, says en if he does resign his legal team says if he does resign they will push to get the last paycheck before leaves office. He should not get another penny of taxpayer money. If it comes out we believe it is he was giving out payments of taxpayer money to keep sexual harrassment things quiet he should pay the american taxpayer back for these kind of things. He shouldnt get another penpy of our money. Neil thank you for all the heighten news day with much going on. We appreciate it. Record on the dow. When have you heard that before. What is interesting about this ongoing rally, without getting caught too much in the weeds, is the leadership of it, and one of the healthy developments they talk about, who is leading it and who is not. One of things a lot of people who are bullish and want to be substantially bullish is arguing that, you know, your heroes of yesteryear, lets just say yes, sirter week like nothing, they could be getting bludgeoned and markets can raise to records. Why is that significant. Ill explain next. I just finished months of chemo. But i dont want to talk about months. I want to talk about years. Treatments have gotten better, so. 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Call today, and install an adt starter kit that includes security panel, keypad, key fob, entry and motion sensors and for a limited time, get a camera included and installed at no additional cost. Thats a 449. 00 value, installed, for just 49. 00. Adt has over 140 years of security experience, with our commitment to customer service, and roundthe clock professional monitoring, you have the comfort of knowing that adt is helping to protect what matters most. Call today, or visit adt. Com to get your adt starter kit installed for just 49. 00. Adt. We help keep you safe, so you can feel secure. Call 1888337safe or visit adt. Com and get your adt starter kit for just 49. 00. Neil all right. The president is out in salt lake city, utah but politics always comes up follows him no matter where he is, whether senator orrin hatch a legend in utah, talking about stepping down, should go ahead and run for reelection. The president shouting back, yes, that he should when that question came up. c remember, they poses the possibility that mitt romney could be interested in running for that seat should hatch step down. Orrin hatch has not indicated one way or the other he is going president says he prefer hatch remain. To trish regan. Trish hey, neil, thanks so much. Stocks are soaring up nearly 200 points on hopes tax reform will get done on relief that abcs brian ross report on Michael Flynn was wrong, as dont forget we suggested might be on friday. President trump blasting the false report which tanked the markets on friday. Well get more reaction from the president when he speaks at the utah State Capitol this hour. Well take you there live as soon as that begins. Im trish regan. Welcome, everyone, to the intelligence report. This is very busy day. If you watched the show on friday i warned you be, very, very cautious about brian rosss reporting at abc. Take a