Transcripts For FBC Mornings With Maria Bartiromo 20171207

Are incredible. Thousands of people evacuated as the Massive Wildfire wreaks havoc on the los angeles area. The latest as firefighters struggle to control the growing blaze. The price soars past 16,000. Hackers have gotten away with millions of bitcoin in the highest. Fractional moves higher although the Dow Jones Industrial average moved into negative territory. S p is a s p is up a fraction of the nasdaq up a third of a percent. Major indices look like this. Take a look trading right now. The ft 100 up a fraction and the cac up a quarter of a percent this morning. Asia overnight carcass remix. The big winner at japan up about 1. 5 overnight. Hang seng in hong kong were covering up a quarter of a percent. The nfl 200 man amid a huge payday for commissioner Roger Goodell. The reaction from the delete this morning. The buyer of the artists painting that just sold at auction for 450 million reportedly revealed. Well tell you who broke the bank for that painting this morning. Jay made a tackle about it, Dagen Mcdowell. Founder chairman and ceo don p. Wilson had an alternate chief Investment Officer Capital Management and health care, Michael Gregory with us this morning. Good to see you. Good morning. Great to see you. Dagen great to see everybody. Have a art history degree. Lo and behold it might come in handy. Maria the buyer was interesting. You have to wonder whether theyd seen and that now that we are saying about change in the country hes from. I wont give it away. A lot coming up. Former speaker of the house, Newt Gingrich is with us today. Chief strategist mark penn joins us once again, turned Campaign Manager corey lewandowski. Trumps daughterinlaw entrant for president Senior Advisor laura trump and ernie else is with us this morning. You dont want to miss a moment. Take it off right at the top story barely drink to shut down could lawmakers on capitol hill scrambling to pass a measure before the deadline. Democratic leaders Chuck Schumer and nancy pelosi to talk about a deal where the president is democrats will bear the blame if the government does in fact shut down. Could have been. The democrat are really looking at something that is very dangerous to our country. They are looking at shutting down. They want how the legal immigrant in many cases. They want how they want to have Illegal Immigrants pouring into our country, bringing tremendous amounts of crime. We dont want how bad. We want to have a great crime free country. Maria they need a democratic votes in the senate to pass a spending bill. Janice dunaway on capitol hill on the first number, cochairman mr. Caucus, congressman lee zeldin of new york. Good to see you, sir. Welcome. House speaker pauline pushing for the twoweek extension on the deadline. Would you support that . A lot of discussions going on right now as far as the strategy because it is twoweek cr in a lot of priorities we have to fund the government the rest of the year. I am looking forward to the course of the day seeing what the strategy is the next two weeks but the rest of the fiscal year. Depending on the game plan will go from there. Maria i know weve been talking about these budget caps in order to increase defense spending. General jack keane joins us all the time. We have an aging fleet, a number of areas in which you support removing budget caps to defense spending . Its imports and heres why. Four years we didnt just have a setback on the personnel front for a true strength was continually getting reduced, but also on the equipment level we fell behind on the end. We have all sorts across the branches all sorts of equipment that we really need to catch up on. For us to be able to make up for all the negative impacts of two terms of barack obama its going to be critical for us as quickly as possible to get this done. It really is imperative from the readiness standpoint. One question, my concern is how are we going to increase spending when we are getting ready to reduce revenue significantly. I know the idea we are going to expand revenue by the tax cuts, but assuming the tax cuts get through, how are we going to allocate significantly going against the deficit ceiling . First off, i completely agree its absolutely essential we are reducing spending as a look at a 10 year window to be able to afford to do everything you need to do. Were about to grow the economy and increased gdp, increased Consumer Spending get out Consumer Spending cant outpace numbers for the economy is growing faster than government as, it helps you when you have more people in your country working in wage growth. From the economic standpoint as critical. For the spending standpoint, we have to look at the mandatory spending side of the ledger and its an uncomfortable were stationed. If i said right now, im 37 years old good im in favor of waiting longer to collect Social Security. My political opposition will send him mail a route to an 85 procedure in my district saying he just proposed to change Social Security as we know it or they would tell the 85 euros seniors you support ending medicare even though its dishonest. Even as it relates to the department of defense, when i was in iraq, rains came, flooded out. They had to build a whole new Dining Facility a few hundred feet away from where they built it. The contractor that built it in the wrong location using United States taxpayer. We double paid even the ones that united dates taxpayer responsible. Even the department of defense as well, we have to work on making it more efficient. We have to look at the mandatory side of the ledger. Congress has indicated over the past two decades an unwillingness to tackle entitlements. As a government, we have been unwilling to other contractors accountable. Im in the Real Estate Development business and i can ensure you have a contractor builds a building in the wrong location, they pay for it. I would never have been. If it did happen or they make a mistake in their business, the contractor pays for it. In our government business if i was born by the government because there is not a willingness and an accountability level to order contractor accountable and sierra willingness on the Democratic Caucus site to cut entitlements. During the president ial campaign, candidate Hillary Clinton debating this issue. They both indicated these issues are going to be off the table if they were elect did. We have that as well. Dagen President Trump said hes not touching entitlements. He wanted to do what Hillary Clinton was proposing and thats negotiating drug prices for medicare on behalf of the government. Democrats have turned this issue and republicans. They are talking about you guys raising the deficits in the may to tax reform plan in order to get off the entitlements, you need republicans and you dont. Thats true. On the democratic side, they are looking to sabotage President Trumps agenda entirely about nancy pelosi and Chuck Schumer whined to become majority. Within a particular issue. This is sour grapes coming off of the massive republican but are on tax reform. There is no logical rationale for that. We just need to get back down to business. But this government work and operate. This is truly not an issue. Maria 47 trillion budget with spending cuts. Right. Its really important for the American Public to demand it. When you actually get into the wee, they all have constituencies attached to it. And its also very easy to message some of these issues for political advantage and you have people trying to get rid most importantly about having a gavel in their hand and they fear that by taking a risky position that may not even get over the finish line that they are putting their chin out there and they are going to lose to their political counterparts prefer me if i can cast one vote right now, in 50 feet from a location on the house floor that i can put the hurt in the machining in the machining cast a vote. If i can cast are right now that fix this issue, it even if it would guarantee it would not give reelect bid, i would happily do it in a moment because thats who we signed up for. A lot of people here on both sides of the aisle who served and they dont want to cast a vote that will guarantee they would not be here anymore. Maria will keep bringing up in terms of the 20 trillion debt which we understand was doubled on the Obama Administration came to 20. We want to turn to the middle east. The region is on edge. Protests breaking out after President Trump announced the u. S. Officially recognizes jerusalem as the capital of israel and the movie on this week keeping a promise he made on the campaign. Heres what he said yesterday. Previous president s have made this a Major Campaign promise. They failed to deliver. Today, i am delivering. I have judged this course of action to be in the best interest of the United States of america and the pursuit of peace between israel and the palace indians. Maria so what do you say is a member of the israel caucus . The e. U. , u. N. , could lead to unrest. This is such a big move that was made. There were times that a president must sign an executive order or a piece of legislation that gets passed and you say that is not a big deal and start debating whether or not it is. This is a Campaign Promise by one administration after the next made. Every president violated it even though instinctively they knew it was the right move. Can a barack obama top about jerusalem being capital of this day. Joe biden, candidate Hillary Clinton, bill clinton. Even president george w. Bush the same thing. These other countries and other places of the world. At the United Nations they support resolutions that are antiisrael, propalestinian. On this issue nicely. We are israels greatest ally. There should be no daylight between our two countries and the fact is jerusalem as the capital of israel. We are not here stained the Palestinian Authority is based in ramallah and reject the mat. Thats the truth here. The fact is jerusalem as the capital of israel. Thats rather headquartered to be inadequate to the word you said trump was careful to use himself. Divided versus undivided. He didnt say this is an undivided capital, that he was still divided an associate of palestinians. This has been signaled and previewed for quite some time. I do contribute to significant incentives go forward with the reason . Resident trump comes into Office Highly motivated, greatly interested in figuring out a way to assist those on the ground to be able to find some type of longterm peace. This elusive longterm peace deal that has been tried by president s of the past over the course of decades and generations. He wants to give it a shot. He also wants to make this announcement that he did yesterday and start the process and tel aviv to jerusalem worries not inciting violence. He wants to make the right move. Thats what this is. We support it strongly. Maria thank you so much for joining us. Lee zeldin there. The intensity of the danger of Southern California wildfire. The worst may be yet to come. Back in a minute. Maria welcome back. Monster fires anna winds and santa anna right now. Cheryl casone with the details. Maria these Massive Wildfires destroying dozens of homes and forcing tens of resident to flee. The northwest of los angeles and ventura counties. The destruction in the heart of los angeles. Officials say the worst may be yet to come. We are dealing. As you can see some strong winds. Officials also say that winds could blow at 80 miles per hour. That is reaching hurricane strength. Reuters is reporting the man was responsible for the cyberbreakin with 57 million customers and drivers. Reportedly pay him 100,000 to destroy the data. In then they didnt report the regulators. The hacker and his accomplice still not known. Disney ceo office iger staying put. He will likely stay past his 2019 retirement date with the asset of 20th century fox. Requested as part of the sale and could be announced as soon as late next week. The 1. 5 . Bitcoin pushing deeper into record territory. 15,000 this morning. Less than a day after 14,012,000 on tuesday. Meanwhile, 70 million stolen with the crypto currents in my News Service Security breach stolen. The incident to Halt Operations for at least 24 hours. Digital currency conversation. Maria bitcoin is going crazy. We do not wish for war but we wont hide from it. These words from north Koreas Foreign Ministry south korea continues drills this week. The latest on the escalating crisis coming from north korea. Player kneeling controversy sinking ratings. Roger goodell got a huge new payday. We will tell you the details coming out. 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. 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 to amount to the latest from the Consumer Protection Bureau Setting regulatory chaos. A credit union manhattan going to move Mick Mulvaney from the cpb in a firmly under english as acting head of the bureau. The District Court ruled against english signing to serve as acting head. Joining us now is Arkansas Attorney general chairman of the Republican Attorney general association leslie rutledge. Good to see you. Neil thanks for having me on. Trying to what is your take on the leadership . How should this play out . Well, the president absolutely has the authority to appoint Mick Mulvaney of the cfbp. What a refreshing change hes been already from the leadership richard cordray. Trade to what should be done there . They are helpful to the consumer. I think thats the real challenge that you have an agency, cfbp is a total behemoth and regulations that hurt americans access to credit about whether london bankers say a simple thing is going to buy a car to start a business no longer can americans go to their local bank can do that. Bankers want to invest in their communities and the creation of cfbp have been allowed to and President Trump will get this turned around. Has served that many precedents in this agency was created in 2010 this is based upon the federal vacancies act molding inside the perimeter by the senate in the omb . The entire structure as it was set up with question in the authority the director has accountability who they speak to, and whether their budget, who is the director, all that has been challenged by the court from michigan, South Carolina to be in the black to. He gets dismantled. Is that legally impossible . Its not legally impossible. Anytime you create something in government he can do on ring that bell. You help job creators in across the United States we dont want consumers to be taken advantage of, but we also dont want to see an ag three with the job growth in the third and americans ability to go out and support your families. What we have are thousands of on the left did bureaucrats deciding whether or not consumers will pay their bills. Someone who knows them is perhaps grown up with them and with them and to spend their banker from 20 years. Can make a decision. And whos accountable to make this decision. With the impact of this, but would be the impact to the consumer you champion opportunity, the consumer. A big fan of the administration has been deregulation which has tremendous fiscal stimulus. What will happen to this agency . Hopefully the cfbp would allow them more access to credit and would allow them again to be able to take care of their families. What you see when you go to the bank now i talked to so many individuals who said we would much rather high your loan officer then hire more compliance officers are those fears are passed onto each and every one of us across the united take everyday when we go in and dont understand when you buy a house why is the paperwork six inches taller than it was 10 years ago perhaps when you bought a house. Astronomical the sort of paperwork and compliance involved and quite frankly unnecessary the questions being asked, data gathering be done by this agency is again absolutely out of control and that hurts consumers and cost consumers. Maria sounds like a lot of overlap. Thanks for joining us. Coming up, goodell good to go. Extend his contract in 2024. Details on the multimillion dollar still coming out. The mystery fire paid 450 million for the Leonardo Da Vinci painting of jesus has been revealed. We will bring it to you. Stay with us. They appear out of nowhere. E 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 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. Maria good thursday morning, welcome back. Thanks so much for joining us. Top stories right now 6 30 a. M. On the east coast. Rising tensions with north korea. U. S. Flying bombers. Now, north korea says those exercises make war unavid only, unavoidable, end quote. Cuts taxes for the middle classes, for businesses, brings back excess of 4 trillion, a lot of jobs being brought back with that money. I cannot wait to sign the giant tax cuts and reforms. Maria citigroup among warning, expects to take a 20 billiondollar hit based on the senate plan, because of writedowns. We will see a lot of writedowns. Plus more bad news to General Electric, cutting 12,000 jobs in struggling power business. Announced layoffs in switzerland, germany this morning. The stock is up twothirds of a percent. Broader markets look like this. Futures indicating a mixed opening, dow industrials down a fraction but the s p 500 and nasdaq are up, nasdaq bouncing a quarter of a percent right now. In europe major indices look like this. Fractional moves, dax index in germany best for former. In asia overnight, markets closed mixed. Nikkei average in japan best performer up 1 and a half percent. Nfl commissioner Roger Goodell keeps job and then some. Contract has been extended and 200 milliondollar payday is in place. Mystery buyer of davinci painting, breaking news right now, abc affiliate out of minnesota is reporting that senator al franken will make announcement on his political future on the Senate Floor Today, talking about announcements, fox business is bringing you full coverage, we will take you there live when senator franken makes the announcement. We know that there have been a lot of calls for franken to step down, Dagen Mcdowell. Dagen women, kamala harris, hasan, all coming out and calling on him to resign of multiple allegations of Sexual Harassment, this is a movement this is a move that is political that the democrats frankly need to hang this around the necks of republicans, they cant standby when one of their own when they are standing on the moral high ground that they built on themselves standby when one has been accused of misconduct and when they are trying to make it, put it on the republicans, the republicans are in a bind with roy moore, the fact that donald trump, the president and the rnr have stood by roy moore. Roy moore if hes elected call face ethics investigation and the senate could be censored or expelled. I mean, thats the equation. They want to run a woman in three years quite frankly. Whatever what happened to the presumption of innocence. Theres presumption of innocence and allege is an allege, the Democratic Party has been the champion of this issue in terms of our rights, constitutional rights, right to presumption of innocence and so on, but they are throwing they threw out most serious member, icon of Civil Rights Movement and a person i worked for when i was in high school, with john conyers, they had him leave office. Look at his career, career, 52 years serving in congress, al franken, 30 years as comedian. Maria what are you saying . The Democratic Party are looking to ignore fundamentals just so they get better political optics on the republicans but even when they do it, they have this uneven playing field, the fact is they treated the most senior African American member of congress horribly, nancy pelosi stood up and called resignation, al franken, lips have been closed. They have said nothing. Maria we will see what happens today. Is there any doubt maria hes gone. 35 out of 48, the ones who didnt speak are on ethics committee. Practically with resin colluation, with tax reform in play, its not a variable. Maria widely expected that senator franken will announce that hes resigning immediately. Later today on the senate floor. B1b bomber joins the United States in koreas military exercises, hermit kingdom says that war is unavoidable. We not wish for a war from it and shall the u. S. Test our patience and we will make the u. S. Pay consequence with our Mighty Nuclear force, from the north Korean Ministry spokesperson. It will be handled and handled properly. Many of our brave troops will be spending christmas overseas, we are thinking about them, we are funding them like they havent been funded in a long time. Maria joining us right now former Navy Fighter Pilot lea gabrielle, good to see you. Nice to see you. Maria your take on this . When i hear what is savor rattling, every time that we engage in military operations with south korea we will hear this type of rhetoric from the north. That being said, big risk is more miscalculation. I put on the intelligence hat, kim jong un is motivated by ego and power, he wants to stay in control. North korea puts out media messages for their people to hear and makes him look extremely powerful to be in this fight of words with the United States, the worlds super power, so it really ups his game in north korea to make him look like a more powerful and strong leader and thats part of the reason why he uses the rhetoric. I would agree with you, spine strengthening for the Supreme Leader and its pr. How about the u. S. , tough line, sticking to it, economic sanctions, prompting china, whats your assessment . The problem is that the u. S. Has led missile and Nuclear Capability way too far, its us and the world thats allowed this to happen, we focus so much on iran and the last mechanics and north korea went ahead and has gotten to the point that we have seen that theyve become a real threat for us. As far as the strategy now, what we are hearing a lot is a lot of strong words because thats what we have right now, our strong words. I dont think maria what else is the strategy, though, lea . I spoke with senior general and i said to him whats the likelihood that the cia goes and takes this guy out if he continues to do these missiles . Maria, how are you going to get anybody in there . You cant get its impossible. So the only other thing is either china does something and we have the relationship with china where they actually move the needle in terms of making the north korea understand or its war. Well, yes, we are in a real pickle right now. I tell you, im glad that you heard from another person because ive said before that to think that the cia is going to go in and do something right now is actually silly. Maria thats exactly what he said. Dagen former cia operative. Of course, he has. Anybody who has worked in human intelligence. Maria you cant go there anonymously. Theres no way in. Places in the world that people realize we have source networks, north korea is one of the most difficult ones, sanctions, lets talk about china, this is a little bit of a joke, when you look at china from intelligence perspective, they will say one thing and do something completely different. Do you think china wants the United States to be stronger than they are, no. They want the plan the world economically, they want to be the big power in east asia, they enjoy watching the u. S. Get into the little struggles of power because they want us to be less powerful in the world stage as they are working with russia which is also becoming more powerful. Maria the strikes to syria, telling the president of china while theyre having dinner at maralago, the major armado, signals to china, we are here, we are back, we are serious. Sounds like the strategy is not working. Maria im not saying its not working. The reason is this, china is not really going to help us, they have a major Defense Agreement with north korea that goes until 2021 and automatically renews in 2021. They are really not going to do a lot to help us, theyll do some but not a lot. They want to do like they want to help. They dont want north korea to be armed but at the same time they will continue to be an ally. For us, yes, we have the ability to obliterate with north korea. Do we want to fight with china, no, we dont. Get International Pressure to do more on north korea and basically stick it where we are and stay strong as a military. Maria thats what the president is trying to do, show china we are back. Our lawmakers need to remember what continuing resolutions mean, stop the continuing resolutions, get us properly funded. Maria youre absolutely right, lea. Now is the time ahead of budget showdown. Lea, thank you. We want to bring you breaking news on General Electric, plans to cut 12,000 jobs from ge power division, plan to cut 1 billion in instruct cheal costs, the stock is trading higher on the news and the company is confirming. We have more on this breaking coming up. First, love for lulu, posting strong earnings this morning. Good bump as the Company Heads into holiday season, we will take a look at the numbers and impact on the stock. Back in a moment right here. Maria welcome back, futures pointing to mixed opening. The s p 50 are up fractionally. Couple of names that we are watching that morning. Tailored brands, Parent Company of joseph a bank and mens warehouse, shares up 14 on the move. We are watching lulu, athletic leisure company, expected better than expected quarter numbers. Seventynine dollars a share, the stock at 73,000, up 3 in the market. Massive job cuts coming to General Electric. Cheryl casone with that story, cheryl. Cheryl maria, you were just talking about this. Ge confirming right now it is cutting 12,000 jobs as it shrinks its power business. The company has been struggling with sharp drop in whats and coal market and alternative demand increases, the layoffs are part of new ceo John Flannerys costcutting agenda. He wants to reduce overhead by 1 billion this year and 2 billion next year shares of ge moving higher on the news premarket, up more than half a percent. Well, as reported earlier by fox business charlie gasparino, Roger Goodell has signed extension to remain commissioner, the new contract could pay goodell up to 200 million, a large percentage is paid through bonuses and incentives that have been approved by nfl owners. Goodell will have access to private jet but will have to pay for personal travel himself. Dallas cowboys owner jerry jones was fighting the contract extension. He had threatened to sue the Compensation Committee during negotiations, but looks like goodell has won. We now know who bought the world east most expensive payment, painting. The New York Times says the buyer is a saudi prince who has not been a major art collector and no publicly source of wealth, we should add. Tweeted yesterday the painting is coming to abudabi. Today is National Pearl harbor remembrance day. Seventysixth anniversary of the attack. The japanese aerial assault on the naval base in hawaii killed more than 2400 people back in 1941. The u. S. Declared war on japan the next day, maria. Those are your headlines. Maria launched the u. S. Into world war ii. Thank you so much, cheryl. The company will take 20 billiondollar hit because of tax bill once it becomes law. We will tell you why, plus there could be mass exodus out of new york because of state and local Tax Deduction plan as well. We will talk about that right after the break. [lance] monica, it is absolute chaos out here gale force winds, accumulations up to 8 inches. Dont know if you can hear me, but [monica] whats he doing . [lance] can we get a shot of this cold front, right here. Winter has arrived. Whooo hahaha [vo] progress is an unstoppable force. Brace yourself for the season of audi sales event. Audi will cover your first months lease payment on select models during the season of audi sales event. It was always our singular focus. To do whatever it takes, use every possible resource. To fight cancer. And never lose sight of the patients were fighting for. Our Cancer Treatment specialists share the same vision. Experts from all over the world, working closely together to deliver truly personalized cancer care. And these are the specialists were proud to call our own. Expert medicine works here. Learn more at cancercenter. Com Appointments Available now. 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, road map for tax reform, Senate Majority leader Mitch Mcconnell almost certain that the gop legislation will pass. Warning of implications of cuts, citigroup will take a 20 billiondollar hit in overhaul. Lets talk about this and implications, michael. This is basically called a writedown and a lot of people are saying that we will see a lot of writedowns over the near term as a result of the tax bill . Its not as wonderful as the headline indicates, right, don, a couple of weeks ago highlighted the impact on new york and northeast states from the salt issue, theres also on Interest Deduction issue. Companies who are levered who historically have been abled to deduct the interest expense on their debt are now being capped and we can talk about the mechanics of that but for the high yield market and high issuers that will result in less cash flow. In addition, issues associated with the alternative minimum tax. A lot of people see a corporate headline of 35 and they think thats it, well, in the s p effective tax rate is 24 , if you move down to 20 and you look at sectors Like Health Care and it some of them who use research credits are paying 1314 effective tax, so few impose amt and wipe out r d credit. Maria state and local Tax Deduction, thats really important. Once you eliminate that, that is going to mean higher taxes for a lot of people and i spoke with House Majority whip Steve Scalise and this is what he said . Each step of the way we worked hard the other make sure that folks in highincome states, new york, california and others are going to get income tax relief as well and weve if you look at the work thats been done in Conference Committee to lower top rate that will help everybody across the country but its going to help especially people in those states maria they put down a 10,000dollar deduction, john pebbles, explain it. Think about it in one year, taxpayers, while the population grows its growing a lot through immigration by the way and not through organic growth not people starting businesses. Think about that, 40,000. Maria 8 and a half Million People. 8 and a half Million People, Goldman Sachs issued report because of elimination of state and income Tax Deduction, 2 and 4 of that 40,000 relocate out of the state next year. Maria wow. Dagen thats a budget crisis, massive financial crisis. Maria why do you have to stay here pay 17 on top of 40 when you go to florida and you dont, you only pay 40 . Its 17 state and local and the obama tax. Absolutely, whats going to happen theres going to be tremendous pressure on local pressure, under de blasio under four years, new york city went 51 billion to 61. 7 billion, 20 increase in less than four years and they added 25,000 employees to the payrolls and theyre proposing all kinds of tax increases, millionaires tax, mansion tax, a maria de blasio . Yes, whats going to happen create a tremendous amount of burden on new yorkers, shrinking base of taxpayers to pay the taxes and they are going to keep pushing people out of here and thats a big challenge. Dagen hello, detroit. No, they will say hello miami, boca raton, miami beach. Maria shes making a different point. Its a great point. The most important city in america, 2 Million People. Maria of this in a minute. Stay with us youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. 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 good thursday morning, welcome back, im maria bartiromo, it is thursday december 7th, we remember pearl harbor day today 76 years ago, top stories right now 7 00 a. M. On the east coast. Shut down showdown, President Trump will meet with Democratic Leaders Chuck Schumer and nancy pelosi at the white house ahead of the sides work to keep the government running. Main Sticking Point now a showdown over immigration and daca, we break down the possible opportunities and what happens if a shutdown does occur, al frankens future is in question this morning, embattled senator says he will address future in washington on Senate Floor Today, we will bring you his comments, we will take you there live at fellow democrats are calling on him aggressive to resign, tail tale of two president s, president obama says we have to thank himself, why he says he deserve it is claim, coming up. Mixed opening this morning. S p 505 500 are up. Ftse is up a quarter of a percent. Dollar general is out, the revenue was better than expected, we are looking at the earnings right now. Dollar general shares hitting the tape, they had earnings miss of 93 cents a share, estimate was 94 cents a share. We are taking a look at Dollar General, renew better than expected, earnings weaker than expected. A mixed quarter here. In asia overnight, markets closed mixed. Biggest winner was japan. A raise against time in california, thousands have evacuated as a massive wild fire is wreaking havoc. Last time it burned all the way to the back everywhere. My son is a firefighter and im not going to wait around for somebody to have to come rescue me so im out of here. This is whats left of our house. Our house. Im just grateful that we are okay. Maria very latest as firefighters try to control blazes with high winds. Allow americans to bring personal protection across state lines. Putting new spin on smartphone literally, how one company is lining in on the Fidget Spinner craze on the phone. Dagen mcdowell, don pebbles and Michael Gregory, great to see you this morning. Good morning. Dagen always. Maria lots to talk about Dollar General thirdquarter results came out, the chain beat on revenue but slightly missed on profit. The stock this morning is showing a fractional gain, store sales were up 4 days after wall street journal article hailed the chain as rural American Store of choice thriving on lowerincome customers. Better than 1 , don pebbles your thoughts . Americans are feeling more optimistic on the economy, spending for value, looking for value, i think that people are optimistic that that we have the tax cut coming in that theyre going to be able to have more resources to spend money. Maria a minute ago you said youre expecting an exodus out of new york and you went through numbers why, you think real estate price wills go down . I do. On the high end. Maria how much will they go down, don . 10 , 2018 when the dust settles, downward trend oh of luxury housing on the high end. Not as much demand for it and too much tax on owners or whats being discussed as additional taxes. Mansion tax, then you combine with thats with the inability to deduct more than 10,000 of property taxes, thats like not even a month the senate plan had zero deductions. Lets talk about the Economic Impact of this. The concept of dynamic scoring, downstream Economic Growth. We all know that the top quintile con sums is 70 maria they pay 70 of the tax. Right, what happens if you see exodus to different domiciles where you see a contraction within demand, pullback in real estate market, don, what do you think about the economic picture and how this may influence the gdp rate . Maria dagen just said detroit. Was a thriving city, the most important city in america, 2 Million People as a population to under 600,000. Maria youre expecting the economy to take hightax whats going to happen, wealthy are very mobile. They can leave and they will, theyll go to an environment where the tax is better, also what happens is quality of life. New york is making quality of life a real issue. Increase homelessness, crime is going up. You have this weather issue. Florida is a much more appealing place of quality of life. Maria why you expect real estate on the high end to drop 10 in new york as a result of this. All right, we have a lot to talk about in regards to the tax story among other things, joining the conversation former speaker to have house Newt Gringrich and former Campaign Manager, corey lewendowsky, Citizens United president david bossy is here, erics wife laura trump. Do stay with us. We have a big two hours here. Top story right now, three major indices hitting high since President Trump was elected office. 6 trillion in value since the election. Former president obama said he should be thanking him for improving the economy. We have a stock market that has hit record highs 81 times since our election victory, 81 times, its at new high right now, unemployment is 17year low, very shortly at 19year low. Gdp getting up to 4 or 5 and even 6 because i think thats possible. We saw the u. S. Economy grow consistently, we saw the longest streak of American History by far, the streak that still continues, by the way, thanks obama. [applause] maria all right, lets bring in former chief strategists for Hillary Clinton 2008 president ial and chief campaign and chief strategists for president bill clinton in 1996 election, mark penn is here. Good morning. Maria its funny to hear president obama say thanks, obama. Quite funny. The American People take credit but i think under Obamas Administration the economy did improve, economic crisis, stabilization and i think its now its taking off. Truth is theres a handoff to higher growth and theres no question that people thought obama did a good job on the economy. Maria lets not forget that under president obama the federal pages went to 97,000 because of all of the rules and regulations that he put in place, it is that reason that businesses did not spend under president obama. Now they are opening which is why deregulation is such an important catalyst for the economy. Its simply not instituting rules and revisiting the rules that have been put in place historically. Dagen i tell you whats going on with president obama, he did not as many president s have not in recent history taken credit for the stock market moving up because they were worried and advised by their closest allies dont talk too much about the stock market because itll turn against you and then you own the decline and its like president reagan, 87 crash, stocks go up, stocks go down, what president obama is trying to remind people, the market bottomed on my administration and went basically straight up from early 2009 to hes triek trying to take some of the credit from President Trump, i will point out to the president as i have in the past, he owns it on the way up, you own it on the way down and can turn against you on a dime for unexpected reasons. Mark is right, the point mark made is the country was in shambles, the economy was in the tubes, we were having a very big crises. Maria 2008 financial crises. Obama was radiation and chemotherapy. Now the patient is stabilized and regulation was a way too much. Way too much, but what you had is great racehorse of American Economy being nursed back to health. Now you have trump, let it go. Dagen i dont think it was part of the chemotherapy, the overregulation, that was dont let a good crisis go to waste. Thats what Rahm Emmanuel said. Maria thats right. Dagen democrats believed bigger government. We want to do a power grab when we can do it because, again, we want to create the Consumer Financial Protection Bureau because we can end around the constitution and create this power center for future democrats. Lets get marks take on future of the Democratic Party. You had great editorial, what did you mean, what do you see as being the goforward steps . Look, the Democratic Party needs to reform, get rid of caucuses, it needs to have primaries, reform the dnc, i think it needs to be for open primaries, i think its got to make room for the typical democratic voter which frankly is a lot more centrist and than comes across tv. Maria most people are hanging out in the middle. You might lean to right or left on some issues, extremists have hijacked the parties. Americans are like restaurant, you order chicken or fish and people want steak, most voters are in the moderate column and dont get what they want out of politics today. Maria are democrats doing what you say . Lets see what happens. Do you think pelosi and schumer are able to move to the center and make compromise with the president and show that theyre going to work with the administration or not, i think today is a big test. Dagen today is going to be a big test not to tee up whether senator al franken walk on the floor of the senate and resign today because, again, the the politics of all this is they are trying to garner more females, garner the female vote, the democrats were surprised by how many women voted for donald trump and they are making about the female voter and they are making it about female candidates so are they waging or beginning on a war on men and where does that send those core democratic voters, to the Republican Party . Maria reporting senator al franken will make announcement on political future and 30 Democratic Senators say it is time for him to resign. Look, because theres a lot of pressure after what was done with conyers, you take franken who was a comedian and conyers was serving the nation and before that fighting the Civil Rights Movement and at 88 years old they kick him to the curb because they want to be able to go after roy moore. I think the problem with the Democratic Party is they run out of ideas and theyve hijacked the primary system as mark pointed out with super delegates, no organically candidate can prevail and come out of nominating process unless theres title wave like obama campaign. So you have undemocratic campaign process to begin with thats corrupted and geared toward the front runner and insider. How do we get, mark, a Democratic Party that actually is reflective of democrats because im a democrat, i think you are still a democrat and both i know im a center maria some are hanging on by fingernails. Dagen issue of race, gender in addition to politics within the Democratic Party. Well, i also think its about being probusiness. To be a probusiness democrat, used to be a pretty big category, to be prodefense democrat used to be a pretty big category, we need to welcome back really an accepted, the economy is not moving forward, if its not growing, youre not really able to help people on health care and education and the other programs, president clinton would never have resigned and didnt resign. This would be a big change in politics if franken resigns today. Maria the number of democrats calling for his resignation, though, al franken has 30 . No, he has one senator lieberman. Dagen very quickly, i want to point out wall street journal editorial page saying the president should withdraw enforce of roy moore and rnc should join him, would it be embarrassing by they need to the journal is saying, disavow roy moore because this will hang around the neck of every republican candidate, 2018 and three years from now. A month ago before tax reform, wake of failure of health care, call the senate may turn . Democrats have the edge in every poll right now and its typical to be honest in almost every midterm after a new president comes in, so if republicans want to get stuff done they better get it done because the door almost always closes and thats what the polls are showing today. They failed to sell tax reform either. They got creamed on health care and they are winning somewhat better on taxes but they havent really sold the solid message on it. Maria bottom line, mark, great to see you. A lot to talk about, we will be right back. More maria welcome back, monster fires fueled by powerful santa ana winds in california. Cheryl. Cheryl sun not quite yet up in california, maria, but the massive wild fires have destroyed dozens of homes so far forcing tens of thousands of residents to flee overnight. The largest and most destructive fire is burning northwest of los angeles in ventura county, you are looking at live pictures right now. Remember forecasters had said overnight which is still right now in california, they expected the wind to pick up. Now the destruction is also been hitting the heart of los angeles along interstate 405 yesterday, fir officials are saying the worst may be yet to come. We are dealing with a number of flairups now that the wind has come back, the big story, we have strong winds, steady wind and strong gusts occurring. Cheryl now Officials Say that winds could be blowing at 80 miles per hour, thats the speed guys reaching hurricane strength, we are monitoring live pictures this morning. Also in the headlines President Trump says t time to acknowledge the obvious and recognize jerusalen as israels capital. The interest of america and the pursuit of peace between palestinians. Cheryl leaders criticizing trumps decision, the embassy will move from tel aviv to jerusalem. Parts of africa are warning american citizens to avoid large gatherings and basically be careful while overseas. Major victory at home, House Republicans voting in favor of making concealed carry permits valid across state lines but Similar Senate legislation still faces uncertain future with top democrats, another gun control advocates rallying in opposition on capitol hill. Well, even the first lady is a fan of fast food, get this, Melania Trump and ms. Pence in whataburger, this is all during a trip to meet with First Responders and several victims from hurricane harvey. This was in south texas. Maria i bet they were eating a salad. Coming up bitcoin continues to shine, thats one way to say it. 15,000dollar mark, bitcoin now 15,000, the latest milestones means for investors, got to catch the lead role, picacho in the live action movie. Back in a minute i can do more to lower my a1c. Because my body can still make its own insulin. And i take trulicity once a week to activate my body to release it, like its supposed to. Trulicity is not insulin. It comes in a onceweekly, truly easytouse pen. The pen where you dont have to see or handle a needle. And it works 24 7. Trulicity is a onceweekly injectable medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. It should not be the first medicine to treat diabetes, or for people with type 1 diabetes or diabetic ketoacidosis. Do not take trulicity if you have a personal or Family History of medullary thyroid cancer, if you have multiple endocrine neoplasia syndrome type 2, or if youre allergic to trulicity. Stop trulicity and call your doctor right away if you have a lump or swelling in your neck, severe stomach pain, or symptoms like itching, rash, or trouble breathing. Serious side effects may include pancreatitis. Taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. Common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. Some side effects can lead to dehydration, which may worsen kidney problems. To help lower my a1c i choose trulicity to activate my within. Ask your doctor if onceweekly trulicity is right for you. 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, markets this morning are mixed. S p 500 and nasdaq are higher, nasdaq up a quarter of a percent right now. Joining us right now investment strategists mark. Good to see you. Thank you, maria. Maria we are talking about a market thats up 6 trillion in value since the application, would you put new money to work in equities right here . Absolutely. Obviously everybody is waiting for pullback that hasnt been transpired. Thats whats unusual. Whats normal and customary a pullback, correction, 5 to 10 , i dont think thats whats going to derail this bull market and consequence, im looking for substantial gains in 2018, not fearing the prospects of a pullback suggest to me that its okay to put capital to work. Maria wow. As of right now the Corporate Tax cut is not set to go in effect in 2019, so give us your build on 18, obviously wiggle room in negotiations to pull it forward and that may be proceeding in committee. If it gets pull forwarded and enacted in 2018, i think youre looking at s p 500 consensus estimates of 144 for the s p 500, about 131 this year, that still represents doubledigit gains and earnings, if share prices move in directional fashion with profit growth, im looking for 8 to 10 gains in 2018 regardless of Corporate Tax reform. With Corporate Tax reform, 100, 150 points closer to 3,000. The wild card here is inflation . , the Unemployment Rate goes down and at some point you see pronounced spike, 1958 phenomena, whats your view on inflation and based on that view, whats the view of right multiple to put on market . Sure, classic rule of thumb take 20 and subtract from the inflation and that gives you a reasonable multiple which will have us at 18 and a half, about where we stand. I think the market can withstand a little inflation because it allows pricing power. Like you had mentioned, i think inflation is a nonlinear variable, how did you go broke, he said slowly first and then all of a sudden. In 1960s we went through first half of 1960s with low singledigit inflation. We are at the philips curve. Prices are moving to 3 inflation rate. I do expect that to begin to process and allow for the Federal Reserve to be increasingly embolden. Dagen there lie it is greatest risk certainly to this country is that you get a spike in longterm Interest Rates thats somewhat unexpected by some and then we have a debt burden just interest on our existing debt becomes so burdensome that we enter this this economic malaise that you cant recover from. I dont want to sound like nancy pelosi and say armageddon but thats the scenario. [laughter] janet yellen is walking off the field with highfives. The long end of the curve is down. We are not paying interest expense. As things stand right now, its a good situation. Dagen issuing 50year debt which has been up for discussion for years. I dont think from a business perspective the real Interest Rates for businesses, real borrowing rates for businesses are not going to be affected as much specially real estate. Interest rates are much higher than the spread generally but spreads are much higher, real rates do not correlate as much to where Interest Rates are in terms of, you know, the fed with the rates they are controlling. What impact would a 2point, 200basis point increase say over the next 18 months because i think thats whats being projected right now, 200basis points, what impact is that going to have on equities . Some have said, david, wake me up when the tenure gets to a 4, suggesting that would be the breaking point, the Inflection Point for the markets, im not sure we will ever see a 4 any time soon. More likely, 3 might have same response in equity market because they have begun to challenge yields have been compressed because valuations have and consumer stables 16, 18, 22 times earning, a little rich in our view most certainly, problematic for the market. If you get there all of a sudden, thats more worrisome than occurring gradually and a lot of companies to adjust assuming theyll transfer to consumer by wage growth which allows disposable incomes to increase as strong rate to accommodate for that. Maria by the way go ahead. Any expectation that every quarter theres going to be about a 25 basis point increase in rates and that is going to correspond hopefully with rising wages specially if this tax policy gets through and we have greater economic stimulus in terms of job growth. Isnt that another element of pressure on pricing and inflation, the fact that we are almost at full employment so wages do have to rise as well . To michaelas point, if you look at the philips curve, rare if not even unprecedented for the Unemployment Rate to go lower than where it hands today 4. 1 with the likelihood of 1960s rate. Maria exactly right. Without inflation, without significant wage growth that can part those pricing pressure that is you suggested in the marketplace. Maria real quick, meredith is saying that the banks will be the biggest beneficiary of this tax plan because they pay the biggest the highest rates and they are the biggest beneficiaries. What group is the biggest beneficiary and where do you want to allocate the money . Im not in disagreement at all. Its the only mechanism that help it is bank. They are so overcapitalized this shortterm increases and shortterm rates are good for banks as well. Other side of it is custodial banks. A lot of times they are overlooked. Think about the Northern Trust and the bean wine of the world, they earn fees on, benefit from fed hiking Interest Rates regardless of the flattening or steepening of the yield curve. Spreads are at low that is we havent seen in decades. We have been discussing the impact of Interest Deduction of house policy and senate policy, if you look at bond, t at the point where it can no longer deduct incremental interests for highyield company that has more leverage, more interest expense that may impair cash flow and drag on overall leverage and high yield, how are you looking at high yield . I dont agree with you. We are at or near historic heights, within about 100 basis points, i think, to alltime highs, it suggests to me that while we have in strategy, high yield as component of fixed income strategy, we also realized that we were going to get carry, mean to go spread and no more Capital Growth from underlying improvement in the fixed income security. Maria mark, always great to see you. Thank you, maria. Maria we will be right back. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. Welcome back that thursday morning everybody. It is thursday december 7 we remember pearl harbor today. Your top stories right now 7 30 a. M. On the east coast. New questions for the fbi. Republican lawmakers are calling on geoffs Jeff Sessions to hold clinton accountable. This is about whether not lady justice is still blindfolded. And whether or not she is peeking out from underneath. It is clear that Hillary Clinton has received break after break. From the fbi. And when it comes down to it everyone ought to be treated equally regardless of who they are. Fbi director Christopher Ray houdes to capitol hill this morning. We will bring you the details of what we are expecting their. The markets are mixed today. There indicating a lower open up a quarter of a right now. Similar story check out the european indices as you see the dax index the best performer up about a quarter of a right now. In asia overnight. Market dash mike markets are mixed. There up one and a half percent. Social Media Service by getting a second chance. And now they give movie reviews. The latest social media post thats going viral. Weve got that. Find out which superhero is joining pikachu at the box office. Putting a new spin on the smart phone literally. One company as dialing in on the Fidget Spinner craze. Our top story this half hour. The fbi director in the hot seat. They will Face Congress today for the first time in his first oversight hearing since that confirmation in august. Yesterday a group of House Republicans called for an investigation into just that. Nobody should get special treatment and nobody should be subjected to special bias. Each day we learn more information that reflects the double standard that unfortunately seems to be pervasive at the fbi and the department of justice. They are authors of the new a buck let trump beat trump. Good to see you. The book is looking at the way this president has been very different than any other president weve ever seen. This is a man who has achieved unparalleled success prior to getting into politics whether it was in the new York Real Estate world and what we know is that he has have his finger on the pulse of the American People for the entire electorate and long before that. Hes been talking about issues for 30 years the need to be fixed and now when you let trump be trump is ready to fix those things. Im talking about this investigation into the fbi over a relationship with Hillary Clinton. We are learning more in terms of cheryl mills and them lying to the fbi. And yet Michael Flynn lied and he pled guilty. The matter versus criminal investigation. The interview by one of the agents who was sending negative tweets about that then canada trump. Why do we keep talking about the russia meddling problem and weve got this other stuff right in front of us thats clear as day. Thats why i had called for a second independent counsel. Someone has just been a focus on what happened with the Hillary Clinton investigation are what didnt happen in the investigation the double standard here is what Christopher Ray is good can have to talk to congress about. What happened to Hillary Clinton and her aides and how those fbi agents didnt hold them to the same standards it seems when they are treating present trump and his aides. Hes can have a tough time on capitol hill today. He will have a tough time explaining this today. Can he do a real investigation of his former colleagues thats what i had called for a new independent investigation led by someone else that the attorney general pics every american feels their spirit or a similar justice system. He was involved in these issues and so we cant do that independently the country is divided over this Russian Election meddling probe. They see it as a serious issue for this administration. Americans are split on whether the and administration is justified. Democrats and republicans mostly falling among party lines. Ive said this very publicly if anybody cooperated colluded or corporative with russia and anyway they should go to jail for the rest of their lives but there has been no collusion or cooperation there is no evidence of it whatsoever. What we need to do is we need to put a timeframe and dollar value on what the special counsel is doing and make them report back to congress in a reasonable time to bring a conclusion to an investigation that has shown that nobody has done anything to cooperate or collude with russia. This investigation has been going on a year and a half. No evidence of collusion. Thats what this investigation was about. If theres something to this it wouldve come out by now. All those leaks and how the agencies were against him when he first started. If there was actual evidence of collusion in your book youre giving an inside look of what it would be like. He wanted to stop canada trump. Let trump be trump. Let him do it the way hes always done it. And what weve seen in the past is people had tried to come in and change canada trump. He understands what the people want. Thats why he was successful in michigan, ohio and pennsylvania where republicans are not traditionally winning. We talk about this extensively in the book. It was a big break in the way that we had been running the campaign and ultimately didnt last very long. Its the best messenger of his own. Regrowing the vine. The chase of the grand return of the viral video platform. The company is dialing up the next generation of Fidget Spinners. [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. Remember buying at the video sharing app that shut down in january. It could be looking flipping back around. One of the apps founders tweeted out a tease. There it is. The twitter purchase line. 30million back in 2012. Shares of twitter up over 25 so far. We all know that wendys is there also been a source for movie tips. Hes getting tips from phone studios. The company tweeted this is all happening so fast. A great example of the confusion on the mentality. Just go to wendys for your movie tips. The 41yearold deadpool actor is can gonna play can play the title role in the film they had animated tv series running for 20 seasons in and about 300 million pokemon video games have been sold worldwide. Stay tuned for the movie. For all of you hello kitty fans that are 21 and older. They are returning to the u. S. It features a five wines for just under 25 a bottle. I saw the old version of these its a centerpiece of the conversation for sure. Now you know what youre getting for christmas. The story about al franken is really an interesting one. And you have an interesting angle on it. I dont want to take away with whats going on with women in this country. This is a political calculation by the democrats in by the republicans. You saw all of these female senators calling for al franken to resign. Theyre trying to set themselves up for elections i have where they can take the support of the rnc in the Republican Party and wrap them around the neck of every candidate in 2018 and then the next president ial cycle. Again do you alienate democratic men at the same time is enough been given a proper due process i think its a very interesting scenario is just beginning to develop with them coming out against al franken. I think that approach is a losing approach. Donald trump did well with women voters. I think the challenge weve got here is at the American Public wants its is congress to focus on real issues today certainly Sexual Harassment is a real issue. Its been dealt with. But theres also such a thing as due process. Their contributions to our society are out of balance. I think this is about nancy pelosi holding on to being speaker. We will take a break when we come back a call out to the hottest tow craze of the year. [music] i just met you call me crazy i just met you all the other boys had to chase me 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. From the 17,000 goldplated phone. From iphones and been converted into spinners. We have seen them all. You can just be on the phone and also do this. Talk about the ultimate distraction. Give a Fidget Spinner and phone in one. They have come out with these phone Fidget Spinners. There 29. Heres the thing. Apparently it you can text message although it would be flip phone text messaging. Im calling this a distraction. Make your real phone call and you search the web a little bit. You can do a whole bunch of things. And i think its can it replace the phone for a lot of people. A lot of Fidget Spinners they are supposed to help with anxiety and add. Some schools abandon because theyre a distraction. Maybe you cant use the phone as much. I think it was last year or the year before when they first came out. Maybe this could serve as a product that would take the kids off of the phones and often texting because the phone would be spinning. There is a Kick Starter Campaign to put a real smart phone on a Fidget Spinner. By the weight way you better had good eyesight to see the screen. I cant figure out how to do it. Are you having fun, not really. Thank you. Its turning white why pfizer is creating its own version of generic viagra. 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. 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. Stories right now 8 00 a. M. On the east coast. Shut down showdown President Trump meets with Democratic Leaders Chuck Schumer and nancy pelosi at the white house. As both sides work to keep the government renunciation. It could happen the democrats are really looking at something that is very dangerous to our country. They are looking at shutting down. We break down possibility of a shutdown coming up this morning, am franken will address future in washington on Senate Floor Today we will bring latest as fellow democrats call over time hn to resign markets this morning, are mixed, dow industrials pulling back this is the low of the morningba the dow down 37 points right here, s p 500 also just slipped into negative territory by a fraction the nasdaq is up a fraction, it is off the highs of the morning. In europe similar story you do have declines across the board fractional movers on left in the red in asia overnight markets mixed at close winner japan nikkei average up nearly 1 1 2 overnight, a race against time in california thousands of people evacuated as a Massive Wildfire is wreaking havoc on los angeles area, the latest firefighters struggle to control growing blaze we take yyoug ge making job cuts many overseas we break down the move, bitcoin shining the currency continues incredible run topping 15,000 dollars, now, bitcoin up this morning again, all those stories coming up joining me to talk about it Fox Business Networks Dagen Mcdowell Peoples Corporation for you on don peeples. Michael gregory great to see you this morning. Great to see you. Has been a great slow. It has been a lot of fun. Maria talking about important issues dagen whether going on in washington or california. Dagen right, washington sadly drives everything about our lives these days, it is so exciting to come to work, and be fired up, chomping at bit to talk about taxes it is true. Maria well we are dagen some new angle that something that we have not talked about, or what might change, like is amt going away in conference how much salt deduction are they going to keep that does impact everybodys lives. Maria the salt deduction you points out could be exodus of people out of new york high tax state so we will keep talking about that joining the conversation, former speaker of the house Newt Gingrich with us this morning, erick trumps wife lara trump with us pga tour player ernie els is here Stuart Varney as well dont miss a moment kick off with this, toward potential shut down of government President Trump to meet with Democratic Leaders Chuck Schumer nancy pelosi today, on deal to Fund Government ahead of decline tomorrow blake burman covering the story at white house with the latest good morning to you. Reporter good morning to you that cliche if at first you dont success try again that jut might apply for later today after ditching president last week very last minute nancy pelosi and Chuck Schumer are scheduled once again to come back here to the white house for an Oval Office Meeting with 93 trump and colleagues up on the hill, paul ryan and Mitch Mcconnell the bottom line with this is the following by tomorrow night, at midnight, they need to come up with some sort of a solution to fund the government. The likeliliest scenario we keep hearing that there will be short term patch for about two weeks, however, with nothing firmly nailed down, at this point the fingerpointing already under way just yesterday, in front of full cabinet the president left open the possibility of a shutdown. It could happen. The democrats are really looking at something that is very dangerous to our country, they are looking at shutting down. Reporter pelosi responded writing President Trump om person talking about a Government Shutdown democrats are hopeful the president will be open to agreement to draests urgent need of the American People, and keep government openly the bottom line at least for the moment, is that this is likely to end with a shortterm fix keep that in mind at some point down the road here they are going to have to pick up the bigger issues democrats want to see a patch for daca for dreamers a longer Term Solution to that while the president wants funding for the border wall. Maria blake thank you. We will keep watching blake burman former speaker of the house Fox News Contributor Newt Gingrich mr. Speaker good to see you thanks so much for joining us. Its good to be have you always. Always great to see you talk about the possibility, i i mean we are talking about a continuing resolution for two weeks, i mean do you think democrats go through shutting the government down . Mow do you think this next couple weeks play out . Well, first of all, i think probably will get some kind of two weeks extension, then back arguing about this two more weeks the democrats face you i think a problem, i helped shut government down in 90s a huge fight led to relative humidity reform one of balanced budgets in lifetime we knew what we were doing we paid for most essentially servicers of government, so the things being shut down you were symbolic Washington Monument National Parks right now as i understand if you stop continuing resolution the Defense Department would start shutting down how could anybody in the middle of a war in afghanistan problems in iraq conflict in syria and north korea how could anybody suggest shutting off government funds. First thooipg ought to do agree to yearlong agreement on every essentially service because the the country will not tolerate starting to unlock Defense System it is enormously dangerous, that is what the president was referring to. Yeah. Second, i dont think the democrats are going to get much out of President Trump, he proved again yesterday, and recognition of jerusalem he is a very tough guy very prepared to take positions that people are rattled by i think not going to give democrats very much in order to keep government open, remember, the only reason this is a problem, is because they have not yet applied to ignoresich solution in senate they could decide spending on required majority that the point all schumer leverage would be gone. What do they want i know it is about daca, immigration explain to us what the democrats want in order to go along with some of the president s agenda. Or will they just not go along with agenda period . The president called for congress, to solve the problem of the dreamers by march i think he fully intends to sign a bill that does that democrats believe they can get a bigger deal on immigration if they attach to continuing resolution want to go a great deal about people here illegally, the republicans dont want to do that, in many ways the election was fought over this issue and i think that is part of what is going on. Plus if you are a democrat you are spraelooking for a win at something a long year for Schumer Pelosi worse with things in the senate right now things going on in house, and i think part of this is they and staffs sitting around saying we got to win on something so we can go home with dignity. Don peebles. High don. How are you. This reminds me when you were you engaged in the contact with america, and you contract with merck you challenged republicans in the congress in house to reinvent themselves, and to invigorate the party you eliminated the seniority system attracted new young dynamic members to run for office. And what you have now, is an Innovative Party on republican side gave rise to john kasich the budget chair when you were speaker put paul ryan on track to ultimately become speaker and here we have, the democrats as a party in path in terms of how they are running the congress, and there is this internal conflict between younger members want more say in agenda want their i didnt describe discussed but yet the leadership is Hoyer Clyburn pelosi stifling creativity what is happening i think go is to go to translate into the not regaining the house, in mid terms, because they are not attracting candidates most people i talk to who are potential candidates for the house dplabtsd say what good is it to come into a house being in the minority party, and low on totem pole because of the seniority system . Do you think that is a part of why the democrats are running out of ideas, and desperate to try to find any kind of win no ma matter whether it is good for the country or not . Look, i think that is a very musial analysis on house side a gesture entocracy a average age is astonishing went down a little bit with john conyers resignation still amazing i think you do have people who life in the past on senate side you have this radical faction, that is merging, gillibrand sort of model she and Elizabeth Warren frankly have ideas just the wrong ideas, they believe passionately in what they are saying they are desperate to impose their vision of america the rest of the country, and i think the problems democrats in that acceptance is that they are most dynamic younger elements hard left represent a world most around those dont want the ones who are not hard left are old actually represent 1972. Mr. Speaker i think switch gestures for a bit on tax reform plan, benefits from the tax payer relief act 1997 you presided over as speaker what are consequences downstream to Economic Growth, jct scored less than 10 annual pickup in gdp historical capitals have been much higher has what is your analysis . I time we have done this joint committee on taxation has been wrong singular exception when condition keyes was a in charge forked dwaim mooed louping if you have a bunch bureaucrats have no idea go why would this change weve got a terrible square for reagan in 81 terrible score for 897 both times launched huge amounts of growth remember we passed largest cap gains tax cut in history system exploded with Economic Growth, reagan passed two tax cuts in three years of tax cuts, launched what was 20 years Economic Growth, i think there are two things going on right now that are very exciting. That in fact one in spirit the two in fact are the deregulation process i have talked at length with the chairman of the economic advisers about this a half point or point Economic Growth out of deregulation stripping out stupid rule expenses. Maria i agree. Second tax cuts give although percent, finally, the spirit thing, donald trump is an entrepreneur doing entrepreneurial things cabinet what do you get confidence among investors, confidence among small business, all of that leads you to more Economic Growth i would be very surprised, if the joint committee isnt off by probably two trillion dollars over the next decade. I think i agree with you mr. Speaker on corporate rate corporate rates have impact on broad economy the individual side of tax plan is messier in terms of elimination of the deductions, and litigiohe elimin top 10 say 70 cutting taxes at high end the people who spend money pay taxes. Well i know that when we learned that senator schumer last near took 58,000 dollars, in state and local Tax Deductions, we understood why he was busiest defending the rich the fact if a fiscal conservative you dont mind having a system that is fairer to the whole country and not just propping up new york connecticut california the fact is, yes if you are very, very wealth and you are deeply invested in new york, and you are living in new york city, you have a huge deduction you are about to lose, the other hand, if you are very, very wealthy you probably own a lot of stock these corporate rate cuts are going to be very, very good for Economic Growth very good for corporations so you are going to more than, i am not very worried about a half billion dollars, now going to have to pay their own and local property tax, they make more than enough out of rise in economy going to bring in substantial increase in assets. Maria i wondered daying event there is going to be pushback by voters after a while seeing dagen mr. Speaker with all due respect this could be a death spiral to new york city somebodys Economic Situation not Getting Better unless they move. Right, not about death spiral for new york city of you to elect a player believes in free he has cuts taxes better contact with unions. Dagen conservative voters in a lot of states, if you get rid of state and local Tax Deduction cult top rate more than they have. To you think a top rate probably not my guess you play see a slightly higher deductibility for property tax. Well i dont think he should 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. Well backings devastation in california in morning, Massive Wildfire raging near Los Angeles Rob are the gray in belair on the ground with more right now, robert good morning to you. Reporter hey. Good morning that is right multimilliondollar homes taken out as many as half a dozen 11 structures have been damaged in belair area School Canceled across los angeles ucla canceling classes some of the devastation behind me from flames from yesterday, flare up about 24 hours ago, now just responded with local fire captain i should say, here onsite, and they are saying it was a very calm evening but they are bracing for perhaps some more activity later today, concerned about the wind, calling it you a purple flag that has never been used before a lot of fire officials never even heard of it usually red flag is serious as it gets they are expecting gusts that could reach 60 to 80 miles per hour, concerned about the brush that is still across the hillside there that is still smoldering you can see embers even in home behind us you see embers flaring up vr now and then burned out yesterday so there is a big concern, about how the wind is going to play into this whether it could skip over 405 freeway due east about getty center if that gives you bearing concern that it could spread into the canyons over there, no evacuations have been set for more neighborhoods, folks from this area evacuated 475 acres burned only 5 contained, now if wind does stay down fire captain said he is optimistic we could see better containment an update three hours time on this fire from fire chief of l. A. Now also take a look at some other fires the thomas fire in ventura has been spraethd very quickly overnight more evacuations, in the reporter town ojai 90,000 acres there burning in ventura, vulture enj ventura freeway closed very by these there 5 contained you can see the fires have been spreading we have live pictures from ventura, also the rely fire in Santa Clarita about an hour north of here, still burning, only 10 contained the creek fire 5 contained, 20,000 acres between two of those maria still burning back to you. Maria incredible robert thank you very much we will come back to you as more news develops there from, is on the ground in california this morning, future disney details on new report says he is extending his tenure at the top later, driving into the future ford revs up Autonomous Car testing interview with fords president jim farley back in a minute. Maria well back, ford motor the race for selfdriving cars Company Promising it will hit road as soon as 2021 jeff flock in michigan with exclusive first look. K exclusive access details on fords announced push into Autonomous Vehicles a plant in michigan devoting it exclusively to Autonomous Vehicles i come to you from inside a similar ladies Autonomous Vehicle take a look it looks like nobody is driving this but you know what this is actually . That is what they call a seat suit there is somebody behind that it is testing peoples reaction to the outside pedestrians and rest to see what they react to, with Autonomous Vehicle down the road our exclusive interview with ford Global Markets president jim farley talked about new push into ooms vehicles yes thinks such a good idea moving forward at big speed, he said, what they are doing is now developing an entirely Autonomous Vehicle from ground up with partners lyft and famous pizza company. You are in so much from dominos, so much of the cost is moving that to customers avs can drop that cost. Already, testing and developing with dominos as well as lyft this vehicle i am driving in is all electic the push to hybrid he explained why that is. The range could go from 200 miles less than 200 miles, when you want when you want to drive 20 hours a day, you are going to have to be charging that vehicle over and over again, as you fast charge you deteriorate battery life. Right now, that doesnt make sense for the platform. It is amazing maria to see the reactions of people to a vehicle that doesnt appear to have anybody driving it you know they dont have permission to put a full av on the road in michigan but there is somebody behind there may be you can tell them, is there really somebody back there . Hi. It is me driving. Were going to have a chance later in the morning, maria to put me in that seat, and see what that looks like on i am told entirely safe. All right. Reporter on air all day this morning on this push into Autonomous Vehicles. Maria we will check later when you are behind the well jeff flock with the latest there, would you get into an Autonomous Car would you use driverless. Absolutely. Maria you would . Absolutely. Maria huh. Safer than us driving one better vision better reflexes, it doesnt get tired we know driver is not tired not texting. Dagen choice between back of a cab cab driver on a call with his relative halfway around the world on speaker phone, with the music turned up and eating and doesnt have either hands on the wheel or an Autonomous Car i take the Autonomous Car any day all day long. Maria coming up im sorry. They should have everybody use them, because how many people are driving around, especially in places like florida where they are driving texting at the same time . Very dangerous coming up trump bump President Trumps Approval Rating grows to highest level since september his daughterinlaw lara trump is going to weigh in coming up next then want a gulf swiping like ernie els i speak with investment in new app promising to. Maria good thursday morning. Thanks for joining us. Im plama it is thursday, december 7 top stories right now 8 30 a. M. On the east coast President Trump tackling threat of a shut down will meet with Democratic Leadership today Chuck Schumer and nancy pelosi as the clock ticks on government funding tomorrow the president heads south a Campaign Style rally in pens cholera florida 25 miles from alabama border days before the special election in alabama, with roy moore the question on capitol hill will he or wont he senator al franken set to make announcement from senate floor about his future following misconduct allegations senator frankens comments when he when he made them ge announcing planning to cut 12,000 jobs in struggling business edging higher up a half percent under 18 dollars share on ge, disney ceo bob iger saying at top why he plans to extended tenure beyond 2019 markets this morning under pressure take a look at futures a lower opening for dow industrials down 40 points that is the low of the morning for the dow s p, nasdaq positive, s p up a fraction, nasdaq up a third of a percent initially jobless claims hitting tape 236,000, in europe this morning major indices like this take a look at european action, the ft 100 cac quarante down dax up a fraction, all of this off the best levels of the morning selling there as well in asia overnight markets mixed the big winner japan noaa to me up nearly 1 1 2 , topping this half an hour positive news for the president , President Trump progressively rating increasing to highest mark, according to political morning poll the president Approval Rating at 45 . Joining me to talk more about that, is President Trumps daughter in law trump for president sr. , adviser lara trump good to see you. Thank you so much. Thank you so much for joining us. Absolutely always good to be with you. The president s Approval Rating is up, up 51 say they disapprove of job numbers better than in a while your take on this, and what do you think is behind it . Well listen we saw throughout Campaign Polls dont fully reflect the real story, Approval Rating is much higher than that, i think you are seeing the in conjunction kick up because people cannot deny what is happening, in this country, we have unemployment at alltime low in 17 years, stock market alltime high, you know, million half new jobs created by this president tax reform, is on the oneyard line here, so i think that people are finally saying we cant deny this president is doing an incredible job, and i believe if you talk to average american you will find that number is probably much higher. Maria some Mainstream Media are denying it. Of course, they are that is all they do. Numbers, dont lie, yet two straight quarters 3 , gdp growth deexpedite like you say media not level to the president , they are trying all they can, to stop him, listen we have democrats that are trying to all they can to stop him even some republicans not really been onboard even with that president is doing such incredible job has not been in office a full year, i am incredibly proud of him. Made big moves yesterday on jerusalem saying they are going to move embassy there from tel aviv was a lot of people said wait a second maybe this is going to cause destruction protesting he said he was doing with a he thought was right, then the Peace Process is really incredible to hear the saudis talking about defriending israeli because they have common enemy iran extraordinary. This has been long overdue many people would agree with the president on that, every other country, around the world, the u. S. Embassy is in capitol this is right thing to move to juice aluminum to jerusalem talked about for a long time i that i great move it shows where u. S. Stands. Two president s want to do it never did. So President Trump has thrown support behind roy moore in Alabama Senate race we in other moore accused of sexually assaulting young women going back decades President Trump not campaign for moore ahead of tuesday election december 12 but going to florida near alabama border for a rally tomorrow you made a recorded Campaign Call encouraging alabama voters to attend this event. Hi this is lara trump, home of the house of fatherinlaw don in your area special president donald trump. Maria so you are doing that more and more. Actually this is not uncommon every rally that we hold for the president in campaign, puts on all different for the president we only do robocalls radio calls. Is that effective. I think so, i think lets people know the president is coming so this is not unusual, i know a lot of people made a big deal about it whatever we have a rally on the border of a state we put it in multiple states, of course. Maria your sisterinlaw ivanka trump tame out very early, i am surprised came out so early saying there is a special place in hell for people who prey on children where do you stand in support of roy moore do you support roy moore. I am not alabama voter i think that is for people of alabama to decide i think they will shortly see what they think of things, but everybody is entitled to her opinion. Let me ask you about 2020 is the president going to run for reflex. Absolutely. Absolutely, i think the country is very excited to know that. Some questioned, you know they say will President Trump run for reelection i thought he was i wanted to get it from you straight i knowu working on campaign in 2020 just over 1,000 days until the election day 2020. Incredible, as Senior Advisory what is going on behindthescenes, in terms of of getting ready for that is that we are raising a ton of money last time i was a here talking about the hats we sold for halloween we now have a special limited Edition Christmas hat for campaign one hundred percent proceeds go to the 2020 campaign. And you know we are really just ramping up this time in a year we will have a lot more people come onboard get everything in line for ring for 2020. The president had a very good strategy focused on jobs focused on Economic Growth things that most important to American People, what lessons did you learn from last campaign . That you can take into this reelection campaign. I think we all learned a on the, none of us had been in political sphere ever we just learned about the whole process and i think Going Forward, we will be very well prepared for 2020. We are also doing something for the campaign we call the real news, every week i update people about what the president and administration have accomplished that week. And so i think it is just going to be more about out toing the president accomplishments, his first four years Going Forward. Maria now hes got, a track record. Maria in ae. To talk about i am sure talking about Economic Indicators that you just mentioned, powerful what else is he going to be running on do you think in 2020. I think we will have to see happens where. I am Going Forward hopefully can get something on health care i think the country is dying for that, and i think it just is very dependent how Congress Works with the president what we are able to see happen. Maria tax plan is important, to American People want to see it even though there is some disagreement in terms of who approves it who likes it in terms of of the alternative people may not really understand it but if this happens, you think that is going to be really an impact on Economic Growth. Absolutely. Maria to talk about absolutely the president has said time and time again this is such an important move for or country the only way that you are going to see you know, money come back to this country to see all the economic factors go up is by changing the taxes, and i think people are ready for about it. How are you doing . Baby luke three months. Three months nine weeks. Congratulations. Thank you we are doing great just did training to erick and i are finally knock on wood trying to sleep through the night. He has been great we are so blessed, that to have just had first thanksgiving together now first christmas together. Whole family will president about be there. Absolutely all be together. Terrific congratulations good to see you this morning. Thank you so much in a lara trump joining us live coverage of the President Trumps rally pens cholera florida 8 pm eastern right here Fox Business Network join us tomorrow. Stuart varney weighs in on gop plan to tackle spending cuts that is next General Electric confirming plans to cut jobs a extraing to cut one billion dollars in centrstructu cost that is coming up stay with us. Maria welcome back, getty announcing twisting 12,000 jobs shares up on that news. Indeed taking a look at shares higher this morning by by onethird of one percent roughly 1772 a share, the company itself maria calling it a painful but necessary decision, so 12,000 people as they work to shrink this Company Overall truths of the matter is this particular area, tradition power markets gas and coal have softened this was one area shrinking the group we know that John Flannery ceo working to really drive this company in a different way different than what we saw from predecessor immelt and jack welch crosses different businesses he is really restructuring stocks down 45 this year pb now take a look at disney higher you can see right now up about a half of 1 , and nobody knows whether or not this deal with disney and fox will go through could be as next week even, we are hearing at least part that bob iger i go going to stay on there were those are rumors talk maybe he would step down people close to the talks the reports are saying that in fact, that Rupert Murdoch and his team they see athese are reports would like iger beyond 2019 retirement date see weather or not that happens back to you. Maria interesting to hear conversations as talking about fox selling assets to disney paul ryan says reigning in debt next on agenda joining me host Varney Company Stuart Varney big point here, how do you think republicans will tackle spending cuts. Paul ryan speaker ryan in radio interview yesterday in wisconsin, said the following. Republicans will aim next year to reduce spending on federal health care and sounds to me stepping on third rail of american politics going at social programs reducing spending on them, it is all an attempt to you know lower the deficit, and tackle the debt, now, that is a very contentious issue if you thought politics was contentious this year, nancy pelosi saying it is armageddon tax cuts, larry so manyers saying 10,000 die because of tax cuts if you thought that was contentious wait until next year when republicans have a go at reigning in medicare Everybody Knows youve got to do this, because that is the driver of the massive debt one of the drivers massive debt they will be demonstraagogued to death,ism protecting explosive Political Year worse than the one we have gone through. I think you make a great point what should we do watch the debt continue to increase . Under president obama dagen department prosecute from 10 trillion to 20 trillion no worry about growth we know entitlements. Dagen i dont think they will do anything about Social Security and medicare until last minute fire drill Hospital Fund runs out of money 11 years little more than 11 years benefits immediately get cut to 88 cents on dollar within four weeks of that happening. And everybody is going to be scrambling, or Interest Rates spike we can barely service debt we already have. I dont know how many people realize the republicans snuck in backdoor of the tax plan modification to health care. The individual mandate being pulled, opens up the requirement for 12 to 16 Million People not to have health care insurance. As well as increasing the medical deductions. I dot dont want to get in weeds of the tax bill the fact to say that paul ryans interview yesterday opens up pandoras box of politics next year going to be really, really ugly, i agree with dagen i am not sure that in final illneanalysis you are getg that much change to entitlement programs third rail of politics. Maria we know stuart thank you. We will see you ten minutes top of the hour 9 00 a. M. Eastern after mornings with maria join stuart few minutes. I will talk with pga tour player ernie els about investment in new app. You got to see this, back in a minute. Accumulations up to 8 inches. Dont know if you can hear me, but [monica] whats he doing . [lance] can we get a shot of this cold front, right here. Winter has arrived. Whooo hahaha [vo] progress is an unstoppable force. Brace yourself for the season of audi sales event. Audi will cover your first months lease payment on select models during the season of audi sales event. A golfer probably heard 18 birdies this helps golf to provide score tracking club recommendations, even about to get bigger with new round of investors joining us right now 18 birdie ceo founder, pga tour legend world golf hall of famer 18 birds investor ernie els thank you for joining us. Thank you for having us. Ernie let me kick it off with you why did you invest in 18 birdies what is so exciting about this. Great technology grabbed me. I am kind of old school golfer but 18 birdies with all stuff theyve come up with forefront of a lot of great things to come, i think 18 birdies is a wonderful app as you said you know, social media angle there, obviously you can play golf a round of golf in florida i can play against buddies in south africa at the same time you can actually you cant cheat i am tracking every stroke they are playing so there is a lot of great stuff in this app. Maria that is really cool eddie tell us about the features of the app including dream games program. Sure, 18 birdies to make golf more fun, offer golfers more choices in flexibility, the game for example is the way were presenting the game of golf by awarding golfers for playing golf give them a chance to win dream experiences they normally can only watch on tv now they can play with great golf or join amazing golf trip in name of making golf more fun. Are you a golfer. I am a golfer i like this, there is a trend to track the activity on fitbit, recycle on anything is more of a win golf needs that. An app that can make as you better golfer you know by just simply using electronics to do it biggest challenge i cant play golf because i dont get to play but every month every six months a game you have to do with repetition, if app helps with that. What about that. We are actually brought it into our campaign we have five events around u. S. , and you know we brought in 18 birdies to track from players, playing obviously in scoring we used 18 birdies, and loving the way the technology is helping us, not only track players but giving them back see where these golfers can work on the effective weaknesses as you call it we all have a couple weaknesses in our gymnasiames w show you where your game is where you can improve. You also have a round of investors, tell us about new round, and what you are going to do with that money. Sure. Well we are the Fastest Growing in of going now we have about 800,000 visitors over 60 under 45 a great way of attracting adjourning generation into the space we have gained more interest partners investors so most recent investors are two guys having peter gocher venture capitalist, chairman also nba great jason we met on golf course, discovered the app fell in love with it. And we are very excited to gain traction from server Business Community what we want to do with that, you know incoming is continue to improve the experience where providing golfers start really creating that not just the consumer side but also connectivity to the enterprise side. We call marketplace golf courses golfers can be connected in singular and platform that connected system where we continue to make golf more fun engaged exclusive for golfers more efficient more productive for golf courses, allow our patterrtners to acces growing relevant young vibrant golf community. Anything else new in golf you want to leave with us. I think for youngsters starting in golf world so much this will give instant gratification, and around the world, you know and i think it will be a great break for youngsters to understand the game better, and grow their games a lot quicker knowing exactly where their games are at. Eddie, ernie great to see you both thank you so much. Coming up final thoughts from allstar panel. Back in a minute right here. A real babysitter instead of your brother. Hey. Oh. Thats my robe. Is it . You could save seven hundred eighty two dollars when liberty stands with you. Liberty mutual insurance. Maria we are honoring americas heros. President trump will meet with six pearl harbor survivors today on the 76th anniversary of the attack that triggered the United States involvement in world war ii, u. S. Flags will fly at in remembrance. Thanks, everybody, for joining us today. You think the economy is in its best shape of its life . I think its in the best shape of its life if you look at pmi, gdp growth. Maria Dagen Mcdowell, don pebbles. Stuart good morning, maria, good morning, everyone. We take care of money and politics but today with lead with fires that are threatening los angeles and threatening they are, the santa ana winds are forecast to come on strong today making a bad situation worse. Mansions are blazing, high waives closed, thousands evacuated, there are people fleeing for their lives to backdrop of flames, look at that. High winds will fan those flames today and we will take you there throughout todays program. All right, now lets get to your money. Bitcoin, thats the headline today. How about that . Two stories for you, number one,