Transcripts For FBC Cavuto Coast To Coast 20171218

Was going at but we do know that it can go in excess of 120miles an hour. Whether it happen at the top speed or nothing, everything in the region grant to a halt. We will keep you posted. Keeping you posted on a dow that continues raising ahead. Clearly looking at 17th record of the year. Last time we saw that was back in 1995 and the last time we saw Something Like this where we had 5,000 points gain in the dow, well, we have never seen anything like that. A lot of this propels by talks that the house of representatives is going to move very, very quickly at the end of the senate and president s desk, is that doable in rapid time frame, lets ask, chad. Chad, what are they looking to do . Later today theres going to be a meeting of house of representatives where they hear one last time kind of what they need to know about the bill, they dont think this is going to be a problem at the house of representatives and then they go to what is called the rules committee, parameters of debate, how much debate time and if any amendments will be in order. That wont be the case, this will be a standard, onehour rule. We are told that they will put that rule, you to approve the rule on the floor first, that will do that tomorrow morning, approve that and midday they will start debate on tax bill and approve that in early afternoon, maybe 1 30, 1 45. Then it goes to the senate, takes a little bit a time to take it across capitol hill and expected to have the votes there even if john mccain is not there and even if thad chcren. What remains are the unknowns, jeff flake of arizona, mike lee of utah, susan colins of maine, we dont think we will get information on at least two of those three today on how they will even vote but republican sources tell me they should be in good shape tomorrow. Consider the fact that even if mccain is not there and they get one no from one of those three senators, they probably still pass the bill 5049. Lets say senator cohcren is absent, 4949, Vice President mike pence can break the tie. They are confident passing Late Afternoon and evening tomorrow in the United States senate. Neil any worries right now that they could get a surprise, you never know. We all know times at which a senator intervenes out of no, where hey, i have a reservation like rubio last week . He said, nothing is final until you take the final vote. And hes absolutely right. Thats why people are looking at susan colins, mike lee and jeff flake, you might remember that when they moved the bill through the senate a couple of weeks ago, we didnt know their positions until the Late Afternoon. They voted about 2 00 oclock in the morning. This was friday leading to saturday two weeks ago and the one surprise that we have had and this is why they are expressing confidence is senator bob corker signaled that he would be a yes and he did that on friday. That surprised a lot of people because he was the only republican no last time. He said he wouldnt vote yes if it added even a single penny to the debt and this bill according to all analysts here, telephone congressional analysts say that it will add 1. 5 trillion in deficit spending, neil. Neil there was talk that he was satisfied at ancillary real estate. Whats the skin on that . Trying to find out more information on the provision, the pass throughs an how it would benefit the wealthy people like bob corker. Orin hatch republican from uth, this wasnt that was airdropped into the bill. They use that term, air drop, didnt appear in the house version or senate version. This is a version of what was in the house bill according to senator hatch and bob corker was not part of the negotiation to be clear. We havent gotten any indication that this could switch his vote but, again, senator when i spoke with him friday, nothing is final until you take the final vote. Neil back to this Train Derailment outside of tacoma, washington. Connell mcshane, what are you hearing . Live shot from local television, dupont, washington, look at it hanging off the overpass on to the freeway below. A couple of things here, this happened, this derailment just to the south of seattle about 45 miles south of seattle. Little over an hour ago. You see the local time posted there at 9 05 just before 8 00 oclock, morning rush in the Pacific Northwest with the train with 70 people on board derailed. Now, there are to quote the local authorities injuries and casualties associated with this derailment. We are just not sure how many. As the camera zooms in, the cars on the road certainly would have been affected by this and there were injuries were told on that road, the busy i5 but no carp casualties on the road, we are not sure the same can be said for the passengers on the train. Part of Cascade Service. Amtrak Cascade Service in the Pacific Northwest, high speed rail line and just today they added two now round trips between portland and seattle that were beginning today. Report that is this train was one of those on its inaugural trip. We dont know what, if anything, that has to do with the cause of this. You can see emergency workers have set up tents there so people can be attended to and thats whats going on in dupont, washington, as the pictures come into us. Amtrak derailment right in the morning rush in the Pacific Northwest just before 8 00 a. M. Local time. 70 people on board. We know of injuries and we know of casualties as they phrased it but we dont know at this point how many. Neil im curious connell, the railcar, are there still passengers trapped in that . Dont know. Amtrak statement that came out from amtrak itself just said that it was aware of an incident on amtrak 501. Thats the train, 501 and Emergency Services are on the scene and amtrak itself was responding and they confirmed that there were some injuries, 70 people were said to be on board the train overall. As to the evacuation, i just dont know at this point. They are an hour into it and hopefully they have gotten everybody off the train. Neil all of this going on more than an hour and ten minutes ago when the highspeed train derailed not too far from tacoma, washington. The bridge, you can see the car that had flipped over this bridge. We dont know if there are passengers in that. We do know that everything is stopped here as a result. No pay it willties or injuries on the highway, i5, busy in the region. One of the busiests, we do know that there are reports of fatalities in the train itself. We will monitor closely. In the meantime, monooring whats happening at corner of broad. We have never seen in history for either. All of this seemingly propelled by taxes sooner rather than later. Bush 43, responsible fed rate and heather, what is going on here . How much is tax driven . A lot is tax cut driven, neil, the economy is doing very well, all eyes are on the gdp report coming this thursday. We have had, this will be the third consecutive gross of over 3 , so the economy is doing very well in the backseat of the deregulation, deregulatory environment and hopes for this tax plan to get past as early as tomorrow, neil. Neil you know, mark, different numbers youre giving as to whether tax cuts are paid for or not, i find that obsession out of place considering the fact that along with the cost of the tax cuts, if you want to cost them out, we had another 9 to 10 trillion on conditional debt on spending grown under republicans an democrats. What do you think about that . We have a structural disconnect between the amount we are spending particularly on Social Security, medicaid, medicare and the amount in revenue, one of the big problems of the tax bill it make it is gap worse, makes it larger. Neil this doesnt help matters any. Ned, those who have been pushing tax cut advance, the growth from tax cuts alone would at least take care of the cost of tax cuts, they cant necessarily wipe out the other 9 to 10 trillion in added spending that will add to the debt in that period of time, but what do you make of that argument . No, neil, has no basis. I would actually argue that that it will pay for itself in many ways. Part of the problem that i have with this bill, neil, we cant have really truly have tax reform unless we have entitlement reform as the previous guest just mentioned. We have to have the conversation sooner rather than later. Neil but they never do have the conversation. They are afraid of what it actually means when it comes to preservation in office. But i will say this, neil, the thing that frustrates me about this bill and i will caution republicans to be careful on this, dont oversell that this is a middleclass tax cut because when they are saying a family making 73,000 a year, is going to get 200 back, thats 40 a week. They gave a 21 permanent rate to corporations and temporary essentially 29. 6 rate to Small Business pass through. The greater impact from the middle class comes from smaller business guys, if they have more money, say they put it at 25 , i think you would have had greater impact on middle class being hired and increased in wages. Thats something that has to be addressed moving forward. Neil not addressed now. The impact this will have from various viewpoints and one is as i said on this show, its all about the net, what you see in your paycheck presumably next, you know, february when we get it, do you, heather, think that it would be substantial enough that that people will change their spending habits, maybe what we are seeing now in terms of holidayrelated sales as Company Example of that . What do you think . Retail sales are doing very well, 5. 8 , last week the data came in. Neil whats driving that . I think the markets being up as much as they are have to do with it in terms that own stocks, i know the pushback, well, not everybody owns stocks, i get that, hopefully over the long run, at least if not in the shortterm that all this money that corporations are receiving from repatriation or lower effective tax rate will go into hiring workers and increasing wages. It wont be right away. Neil it wont be right away, thats what worries some folks. In the near term itll go back to buybacks. My concern is the longterm when we have extra 2 trilliondollar plus of debt to this whole thing and that will start to depress wages and turn around any gains we get from the lower corporate rate. Neil what about the 8, 9 trillion that we are accumulating the conventional way that no one talks about . Funny how that works, neil, if you had medicare, medicaid, Social Security, throw in debt payments, interest on our debt, youre getting close to 70 of federal Government Spending before you can get to defense spending. This is unsustainable that if we continue down this path without real entitlement reform, we cant have true tax reform. When we talk about giving 2,000 back to a family making back 73,000, you are giving them their own money back. We need to start giving money back into their pockets right now. Weve had this conversation. There has to be a noticeable net increase in peoples paychecks for them to notice. So why dont you think that we got that push more . Why didnt we get that . It make nos sense. We havent had tax reform since 1986 and this is what we can come up with . We meaning republicans have the house and senate and we cant do a little better . Neil i wish we had more time, guys, it is what it is for the time being. We will have to watch close tomorrow. It could be a rapid moot tomorrow. Thank you, guys, thank you very much. I apologize for all the breaking news. We are keeping on top of that plane im sorry, Train Derailment in Washington State. Not too far from tacoma, washington. We do know of a number of fatalities and injuries. We dont know how many. We know the train was traveling very fast, probably in excess of 120 miles an hour, allowed to go up to that. There is a derailment and car over the bridge and we are getting local reports that there are passengers in that car. More after this cannot live without it. So if you cant live without it. Why arent you using this guy . It makes your wifi awesomely fast. No. Still nope. Now were talking it gets you wifi here, here, and here. It even lets you take a time out. No no yes yes, indeed. Amazing speed, coverage and control. All with an xfi gateway. Find your awesome, and change the way you wifi. Neil we are monitoring local officials on the scene on what appears to be a pretty severe Train Derailment near tacoma, washington. Seattle times reporting at least three dead, at least a dozen injured. Lets listen in. They are still working on that. What caused it to derail, what we do know that south i5 completely closed. The train derailed 7 40 this morning. Was there any traffic . We dont know anything when it comes to rails yet, whats going on, yeah. This is what youre seeing is what it is and on the other side of that bridge, theres 3 or 4 more cars that are upside down on the road and in the woods. There are some people who have been able to walk off the train. They are being cared for and transportation is coming to take care of them. Thats where they are in those tent that is we are seeing behind us . Can you talk about what we are seeing behind us, where people are being treated . We train for this all of the time. We have air force bases and train tracks and so this is a multiple agency response, very coordinated response between multiple fire departments, jblm, Pierce County and they are all working in a preplanned operation which is to get the survivors out, get the injured to the hospital and obviously if fatal, they will have to deal with those later. As a point of clarification, i may have missed it, any idea, when you say multiple fatalities, does that mean dozens or we are just told there are multiple fatalities, what that means i dont know, we are not confirming anything until somebody does it. Do you know how many cars are involved in the train . Hang on a second. What. That was ed troye with the Pierce County neil we are getting more details that there were a number of fatalities, a number of sources in the area including Seattle Times confirming at least three dead, multiple injuries, apparently this was the debut of a new faster, speedier express service, the number 501 making inaugural run leaving seattle for portland about 6 00 a. M. Local time. Little bit than an hour and 40 minutes later the train detailed. We dont know at what speed it was going but running down, again from the Seattle Times a new bypass that was created to avoid slow curbs in singletrack tunnels near Point Defiance, derailed. Again, they beefed up the number of train, a popular way to commute between seattle and portland. 70 people early this morning were on board this train. As you could see, a number of cars, at least two, one pully derailed off this braij. We are told spatially from the Seattle Times that there are a number of passengers still on that one car that is dangling off the bridge. We know we dont know status or condition. Worst derailment in about 40 years. We are keeping on top of it as well as Connell Mcshane. First run for train 501, amtrak 501 on this particular route, seattle to portland and chris was one of the passengers on board and spoke to channel 7, local news outlets and adding color, many passengers were forced to kick out the windows, forced to kick out the train windows in order to escape from their cars because the emergency doors werent functioning properly following the derailment. So for sometime at least and, you know, we are not sure what the realtime update on that, it took people a long time to get off the train even after the derailment occurred and had to take it upon themselves to kick out the windows, federal Railroad Administration has tweeted out in the last few minutes, it has investigators on its way, the local Authorities Say the cause will be up to determine what happened, but, you know, its early in the process of this, but with the train making inaugural run, coming down a bypass that was create today created to avoid and that will be looked at, they hadnt maybe run like this as often and there were different measures put in place. Very early, we have no idea what if anything that has to do with this with this terrible accident, but to the injuries and casualties as we know from covering anything like this in the past, you know the numbers will change but multiple outlets now reporting at least three dead. We will stay on top of it. Neil all right, connell, thank you very much, as youre speaking, ap, local sources here are confirming as well that at least two cars struck vehicles and multiple injuries on the road have been reported, though no deaths, we dont know the severity of the injuries, contrary to early reports, a number of people on the road were affected by this and injured by this, we just dont know how many. We do know as well that the speed up in this service, i dont mean that numbers of the speed of the train, but going from one to three was part of an effort to alleviate traffic on the roads, i5 specially during rush hour is a busy artery for passengers going from portland, seattle and other locals. Now we are dealing with this. Little more after this. Oh yeah sure. Ok, like what . But i thought we were supposed to be talking about investing for retirement . Were absolutely doing that. But theres no law you cant make the most of today. What do you want to do . Id really like to run with the bulls. Wow. Yea. Hope youre fast. I am. Get a portfolio that works for you now and as your needs change. Investment Management Services from td ameritrade. Neil all right, we are still continue to go follow the Train Derailment near tacoma, washington. Three confirmed dead from the state department as well, a number of injuries on the road itself, i5, busy artery in the neck of the woods who were injured when one or several of the cars fell on it. At least one car did. We will keep you posted on that. In the meantime, political, im not talking about the tax cut, im talking about the president that Robert Mueller as things should stand now should not be fired but bias is a concerned to a lot of the supporters including the president himself, former assistant director of the fbi, chris. Chris, their argument is that time and again reminded of the fact that those who were part of the investigation early on did have an agenda, didnt seem to like the president and even in the case when one was gone, rumors persisted that there were others like him there. What do you think . I say in a nutshell that former director mueller is not biased but clearly no reasonable person could conclude otherwise than the scrok and lead investigator were biased and thats pretty clear. Neil he got rid of them. As soon as he became aware of these were told, as soon as he became aware of the texts in particular that have become so famous now, he said, youre out of here. Others are more cynical saying he had to be aware, but what do you think . Well, i understand that. Here is the scenario, mueller is out of the fbi. He serves 12 years as director. Not a hint, i served directly under him, not a hint of bias in any type of investigation. We prosecuted republican congressmen cunningham and democrat jefferson, he had the blinders on every step of the way. I never once heard him discuss politics or allow it to be discontinued or personal biases. Hes out four years. Comey takes over and build his own executive management team. When mueller becomes special counsel he inherits the Investigative Team, builds his own legal team which is different, those are the attorneys that he brings in. I know for a fact that he doesnt get close to investigators, he does not socialize with them, he doesnt delve into the personal beliefs and that sort of thing. Hes much closer to attorneys. I dont believe mueller who is a former marine, mission focused is any way biased. When he learned about the egregious bad judgment and bias that he got rid of them and put them on rubber gun squad. Neil thats the chain of events was getting you a lot of the info and reports early on and you find out that that might be tainted. Do you start to wonder about other investigators you have . What do you think he did after firing him . Well, im sure he looked into he looked into the entire Investigative Team and explored whether there was anything similar going on and the Inspector General probably got their hands on all of the texts and emails of the entire Investigative Team and this is what they found. Looking back, clearly scrok when he was conducting and leading the investigation, he had his thumb on the scale. Neil right. You could tell that based on all the facts and circumstances that we know now, clearly that was an investigation, no grand jury, sweetheart deals, decisions made before key witnesses were interviewed, you could go on and on about that and i might say the Foundation Investigation is probably the same way. No grand jury, you look at manafort and how that investigation was handled, grand jury, search warrants, you know, thats aggressive but fair investigation. Not not happening under the Hillary Clinton investigation. Neil chris, very good seeing you. Breaking news with so much going on, chris, former assistant director over at the fbi. Thank you. Thank you. Neil all right, 90 minutes away from the president making what is deemed to be a very Important National security speech in which we are told he will have some very tough language particularly for china, russia, former National Security adviser to Vice President dick cheney, john hana. We are told that the president is going call china a strategic competitor that pursues policies of economic aggression aimed at weakening the United States. What do you think of that . Well, i think its an absolutely essential message, both in the case of russia and china that this president identifies them mostly as strategic competitors, not strategic partners. These are hostile, revisionist states that really wake up every day thinking about how do they undermine and weaken American Power and american interests and for the president to communicate in very unambiguous language, not only to the American People but to the world is a critical part of conducting a coherent National Security policy. Neil how would that policy be deemed . Hes putting it out there that it will be an America First National Security strategy. Now already the Chinese Press have interpreted his approach as reckless, even irrational. We havent gotten any word yet but that would be a predictable response. Its going to take a nano second for the chinese to complain about America Calling them out for both strategic aggression in northeast asia against us in the south places like the South China Sea and particularly in the economic domian where theyre not only stealing intellectual property but manipulating the trading system against us. So i think the president is going to identify Core Principles from ensuring dominance across all battle spaces, ensuring economic spro sperty through things like technological dominance, encouraging innovation and fair trade and protecting intellectual property and hes also going to be talking in very broad terms about what we need to do to harden homeland against terrorism, against Ballistic Missile threats, against attacks, cyberattacks, against our Critical Infrastructure and ensuring that our alliances are strong and reformed in a way where weve got Real Partners who are willing not only to be part of an american led alliance but actually step up and do their fair share. Neil do you think he should or would pull his punches in china because we so need china to deal with north korea or says this is a separate issue . The two might be joined to the hip in some other areas but i dont care. I think he has to thread the needle by saying, look, the states are real peer competitors of the United States who we are working against and cross purposes with in all kinds of areas around the world but also because we are all two or three of the greatest Nuclear Powers on the face of the earth, we have got to find areas where we can manage the competition and in places where interests do happen to overlap, discreet places such as with the north Korea Weapons Program and avoiding a nuclear war in the Korean Peninsula and we have to find way to work with chinese and russians despite our differences. Neil all right, john, thank you, good seeing you again. Thank you, neil. Neil update of derailment, at least 7 people have been transported to the hospital since they were 70 on the plane. Obviously some of these injuries involve people that might have been on the ground, maybe i5, maybe directly affected by a car or we were told up two railcar that is felt on the highway. We were told no fatalities on the road but we are calculating a number of injuries, we just dont know severity, we did hear from the transportation officials that there were three deaths and likely more. We will keep you posted, more after this. What if. People arent buying these books online, but they are buying them to protect their secrets . . hi bill. If that is your real name. Its william actually. Hmph affordable, fast fedex ground. I used to have more hair. I used to have more color. And. I used to have cancer. I beat it. I did. Not alone. I used to have no idea what the American Cancer Society did. Research . Yeah. But also free rides to chemo and free lodging near hospitals. I used to maybe give a little. Then i got so much back. I used to have cancer. Call 18004944357 today. Your contributions to the American Cancer Society fund valuable research. But thats just the beginning. A cancer diagnosis can kick off years of challenge. And thats where your donation truly shines. You help us fund free rides to treatment. A live 24 7 help line, free lodging near treatment centers. And even efforts to expand access to insurance. So, please donate today at cancer. Org and help attack cancer from every angle. Breaking news on cavuto coast to coast. Connell mcshane with the latest on the amtrak Train Derailment in Washington State this morning. Weve just heard from amtrak, authorities have told us moments ago that there are a number of fatalities associated with this earlymorning Train Derailment. Amtrak now saying that it appears as if there were 83 people on board this train in total. They say approximately 78 passengers were on board. Five crew members as well, total of 83. Local hospital officials have told us that 77 people that they know of have been transported to local hospitals, that number is likely to include some people on the road below where this train derailed. You see one of the cars hanging off the overpass on i5 in Washington State, and some of the cars below no doubt were affected by this. We know that there were some injuries on the road although local officials have told us there were no fatalities on the road. Any fatalities that did come about as a result of derailment, report of three, they would have been on the train itself. With quick background on this. The Pierce County sheriff said that in addition to that car you see hanging off, the overpass and on to the road, three or more cars they say upside down in the woods, thats from the Pierce County Sheriffs Department just a short time ago on amtrak 501. This train, a new route for the train, Cascade Service, highspeed service between seattle and portland. Left at 6 00 oclock this morning from seattle and this was its inaugural run. New bypass they created to provide faster service, reduce the time by ten minutes to a total trip of 3 hours and 20 minutes but this was the inaugural run and obviously something went terribly wrong. Neil team to investigate the derailment. They get on the scene usually within minutes, sometimes no more than hours after an incident whether on the air or ground, of course, on the ground, derailment. Major derailment near tacoma, washington. We will keep you posted. Keeping you posted on breaking record to have dow. It will break a record this year and one that goes back to 1995. Better than 5,000 points headed to the dow this year. Something we have never seen at all in any year, making money Charles Payne with all of that and what he makes of it and whether this is tax cuts go go. Charles what we have seen is the economy has come to life. Just a few moments ago home builder confidence at the highest levels since 1999 driven by traffic, potential buyer traffic at its highest level in almost 20 years, so we have seen an economy where there was a lot of excitement after the election and wall street calls that soft data, now is starting to reflect hard data, businesses investing more, that kind of stuff. Legitimate, its real and its going momentum. Neil smart guys like you always remind me of market lure, you buy on the rumor you sell on the fact. Once the tax cuts happen, then what happens . There could be selling on the news. I will caution against someone trying to play that game, thats not what you normally do and go with bottom line. The bottom line is underpinnings of the rally and they are Getting Better and better. I would focus on that more so than all of the excitement and how far weve come. Naturally youre going to be anxious. How many people miss it because it cant go further so they sold in january, oh, boy, and its natural because weve been through a lot of crashes in a very short period of time and the anxiety continues to linger. Neil we go back to 95, distinctly that was just the rage of the internet coming upon us and the notion that it was getting in the highs and couldnt keep going, went on for five years. Charles he actually predicted the market top, he was just five years too early. [laughter] neil right. Charles dont try to guess where the top is, look beneath the numbers. Forget about where the dow closed or the news, home builder confidence going crazy through the roof, thats another sign of consumer confidence. Neil yeah, builders are saying within that report, another year of doubledigit growth and they usually hold their beds back because if they are optimistic they actually have to build stuff and they are doing this in anticipation of that continuing. Thats a big sign of confidence. Charles in an industry that was terribly with managing and guessing on demand and made a mess of it all. Neil you have to wonder in hightaxed states where they will be optimistic because you wont be able to write off as much. Thats true, in california average houses is 540,000. They have room there. Extraordinarily rich pockets in the blue state that is i think that can see a little bit of a hit. Neil charles, thank you very much. Charles payne. Is facebook bad for you or you bad because you were lie today on facebook. Psychological determination that says its not technology thats killing us, its us killing us after this. The moment a fish is pulled out from the water, its a race against time. And keeping it in the right conditions is the best way to get that fish to your plate safely. Sometimes the product arrives and the cold chain has been interrupted, and we need to be able to identify where in the cold chain that occurred. We took our world Class Network and we developed devices to track environmental conditions. This device allows people to understand whats happening with the location, but also if its too hot, if its too cold, if its been dropped. Its completely unique. If you have a sensor that can keep track of your product, it keeps everybody kind of honest that way. Who knew a tiny sensor could help keep the food chain safe . Neil espn john skipper is resigning citing a substance addiction problem. We will keep you posted on any further developments there. There have been just wholesale changes and executive suits and media industry, everything having to do more with just abuse period of women and elsewhere, but, again, this has nothing to do with that. Substancerelated abuse problem now has the head of the espn leaving. Facebook admitting that social media could be bad for you, but so far not saying that social media is the problem, maybe you are. The psychotherapist, i think thats what they are saying. Yeah. Neil its not the pathology, its people that are nuts and obsessed to it. Technology sucks you in, it plays to seratonin in the brain and plays on the social validation feedback, so for some people, some people are going to be more vulnerable than others and anything can create an addiction. So you just have to be aware of that. Neil using it a great deal, anything dangerous using facebook a lot . A lot of people use that as means to keep up with friends, people they knew, family members, the sole means by which they communicate . You to ask yourself the question, is it interfering with your life, is it interfering with your mood, is it making your more depressed, is it making you hate your friends because [laughter] neil i dont want to be reminded. I dont need that. The problem with facebook is that there arent any boundaries. So sometimes its too much information and thats not good for an individual. You have to know yourself and use it in a way thats positive and i think that the answer and the key is be aware of who you are and be aware of how you use anything and if you notice that its not good for you, pull away, if you notice its having apparently a lot of people cannot we use to attribute that to kids. Apparently its not that. It can be anyone. You have to remember, its designed that way, the play on the seratonin, if youre feeling good about getting feedback and posting something no your life that can be addictive. If you feel youre in that category, then talk to somebody who can help you through it. They now have centers that deal with technology and addiction. Neil a lot of them dont like bad things said about them. Ly sometimes read about me. It affects my appetite. Yeah, if you are in that category, then, you know neil dont read it. Understand that thats part of the Playing Field that you will get positive feedback and you will get negative feedback. Neil what do you recommend to your clients, people that come to see you, this is driving me nuts, people are saying nasty things about me, i have very few friends compared to this guy who has more friends, we will judge ourselves by how many thumbs up and friends we have . I will recommend defriending certain people and in some cases block certain people. I will also recommend to people that they consider every post almost like a pr strategy, people are not posting negative things about their life, they are posting the things they want you to know about them. So when you are looking at anybodys post, that needs to be considered. Youre not seeing the whole persons life. Neil youre getting the norm view its not a lie. People are posting an idealized version of who they want to be and how they want to be perceived and so that just needs to be taken into consideration when youre looking at anybodys posts. Neil so what if what youre seeing is pretty pathetic and the best they can do . Well, you can sit back and feel superior and say, gee, my life is pretty good. Neil bottom line, we get too much into this, we should slow down . I think its really important to take a break because whats happening is when it comes to our reallife relationships, people can feel ignored or overlooked. So if youre looking at your file when youre in the presence of somebody you care about, its insulting and i think we need to kind of redevelop our inner personal skills and 164 points, 70th time this year, you dont have to be the doctor is going on social media to know. Right now youre making money hand over fist and the markets are not looking to social media to confirm what is obvious. Life is good and for them it doesnt matter whether they are bragging about it to a friend. They are doing okay. Right after this. The smart ones look to fidelity to find them. We give you research and datavisualization tools to help identify potential opportunities. So, you can do it this way. 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Tell your doctor about all the medicines you take and if you have any medical conditions. What do you think . I think its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Connell theres breaking news on cavuto coast to coast. Live pictures coming out of Washington State. Im Connell Mcshane has recovered the amtrak Train Derailment that took place south of seattle this morning. When the train derailed, which we believe approximately 83 people onboard come at least one of the cars you can seize billy 92 a busy interstate. I fired below where the car was. Authorities now reporting to us that they have multiple fatalities. Multiple people dead in the state of washington this morning. Local authorities wrapped up moments ago. In other news briefing the state police who told us a new development from the last time we spoke at the local authorities are waiting for amtrak officials to arrive on the scene. They have officials on the scene as well. They asked authorities about the new trackback this amtrak cascades train was traveling down 14 miles of new track. It is not clear they say whether or not the derailment took place along those of new track had anything to do with this highspeed train 501 was on its and a girl trip at 6 00 this morning on its way to portland and isaiah come and a busy corridor will remain closed. We believe for the rest of the day. To recap your Train Derailment in the state of washington, 40 miles south of seattle approximately 7 40 local time this morning 1040 eastern, 740 local time. Multiple totality is, the number of injuries as well. Further updates from the authorities. Trading to thank you, connell. Secretary of the United States reload on the phone. Secretary, thank you for taking the time. What you make of this . First of all, all of us need to keep in our thoughts and prayers does families and those who have lost their lives. What i make of it is that some of the most expert people in america including the ntsb comment u. S. Department of multinational Rail Authority will be on the scene trying to figure out what happened. One of the things all of us would be pleased about is our organizations like the ntsb would take the lead on this has very professional people with the National Rail with very professional people after the bottom of this and trying to figure out how this happened, why it happened. It seems very peculiar based on some of the earliest tories coming now. The higher speed before any of us can speculate is a little bit too early. We need to let the experts get on the ground and do their investigation and what really happened. Neil they were expanding this Rapid Service between portland and seattle as a means of avoiding the congestion on the road. You know the very busy corridor. A lot of stipulations have been made to allow for this week to continue around curves where they have a way of automatic compensating for that. We dont know whether one of those mechanisms come in no way of knowing to your point. Positive train control has been implemented, but not completely implemented. One of the things the safety officials including ntsb, nra and so forth have been looking out was positive effect. Was it affect his comment didnt work and you know, that will possibly be one of the Big Questions people will be looking at immediately. Trade to secretary, thank you. Good to be getting your thoughts on this. To your point, it is way early, but we are examining it. Secretary ray lahood is ray lahood is here, under barack obama. The dow approaching 25,000, which were told could come as early as tomorrow in the house and senate and very quickly to the president s desk for signature that he puts it, all of this can be delivered not even your paycheck in february according to the irs timetable on this. Americans for prosperity president jim tillis on that. What you make of that pretty aggressive time frame. Is that doable . It is doable. Senator corker was on board late last week. We have ron johnson, rubio on board in the senate. Republicans are united. They will get this thing done. Ive got to tell you the trump administration, they have led on this issue in a way that has been impressive. Train to you know, i was surprised to see under any president whether going back to jfk where the polling wasnt quite as sophisticated as today for the Ronald Reagan tax cut or bushes they face is a very skeptical public. Approval rating going to their first way the tax cuts, which stunned me. This one it 30 is almost double that. What is that people get nervous about. People are suspicious of anything coming out of washington d. C. Right now. They dont like the congress that they are top on the personal side. I think the public looks at both democrats and republicans. I dont trust them right now in this environment. Once the tax cuts are passed, the economy i think you guys covered up this morning the last quarter may be around 4 growth. If we get a couple quarters of accelerated growth, and the tax cut plays a role in that. The public will feel better then. A lot of it is just a general distrust and irritation average american get out of washington. Neil show me. If you can hang in there, i want to bring in market watcher extraordinaire. The argument has been made people are arguing how much bang for their buck they will get and that will recede the pessimism whether its bill clinton or for that matter Ronald Reagan, jfk after all of that. What you make a bad and do people need to then see it themselves or see the fruits of that because just to see further than for the bout time you have to do pretty big work to topple weve been seeing lately in the markets and the economy. Meal, and is part of your question so i apologize. What youre getting to is this going to help the economy and i believe it will. In fact, i think it already has helped the economy. President trump, i mean i get it, people didnt know if it seemed dicey up until the last minute. We know we have less regulation and businesses expected a lower Corporate Tax rate. By the way, a 35 Corporate Tax rate since 1993. 25 years of 35 and everyone knows its been too high. President trump promised to cut it and businesses with less regulation in the lower tax rate have to invest. Theres a direct impact for middleclass americans but better demand for higher wages in the years ahead and thats where people will see the impact from this tax cut. Neil all the excitement youve alluded to is baked into the bill and its hard to talk. The market reflects that excitement. When the rates actually down to 20 , i do think youll see a dramatic spurt in investment, job creation and wages will go up as well. I think maybe it is baked in a little bit now or allow, but not on the actual growth in jobs and certainly wages. So that will be exciting. Neil email, i know the goldman report and the Morgan Stanley report general line. What he think of that. We expect the data had to 27350. People thought we were optimistic. They led 23,000 by the end of the year. I predict dean for the end of 20 team. I think thats exactly right that we will see more jobs. Tree into that would be another 20 runup versus 29 this year. Yeah, 15 , 16 but we are looking for. Not quite as good as this year. Still undervalued today. Not as much as it was five years ago, eight years ago, but its still a little bit undervalued and earnings are growing at 10 and on top of that we have aftertax earnings because the tax rate will come down, going to grow even faster than 10 and that is what drives the market. The Unemployment Rate, one of the key things up for. 1 today. It will go down to 3. 7 by the end of 20 team. The lowest Unemployment Rate weve seen since the 1960s. This economy its the longest recovery in history. The fed isnt getting tight anytime soon this is a great environment. We will get a correction some point in time and i guarantee you this is the end, but that will be the time to add more because this market has a long way to go. Neil i want to thank you both very much again. The way it is going now. Shortly thereafter. Its expect and to take place january 1 and show that tax tables at the irs. More after this. Anybody and everybody that feels that they did was to write decent thing to do that was directed. I would hope that second thought. Please leave and dont give the associate of mine, was thank you for leaving in the recommendation. Im certain they are destroying a human beings life. Neil democratic West Virginia seven urging offerings and to reconsider the whole resigning thing. Hes hardly in the majority of democrats, franken still going with roy moore not coming there. I could be missing something. What you think . I dont think its going to change either. Im kind of shocked. I was little baffled by the idea eight people have accused al franken has some sort of harassment, some of which we have photo evidence. We want you to stay in the senate. I dont think thats going to play well at their base at all. I also think reagan himself has said he would not reconsider this. Neil you know, theres a lot to love al franken and thought these were different demands before he became United States senator but they live in a day and age where stuff comes to hunter. Were they toss you in your key in your keister afterwards and asked questions later. Ive mentioned this before but the senate does have to be careful in the ethics investigation but it opens about things people did and that absolutely applies. Constituents have the right to decide to stay in the senate. If the prior contract had any effect on what is done for them in the senate. They shouldve had the choice but of course he decided to resign. A little touch and go. It could become a slippery slope i do think if it comes back to haunt you. While you were in office. We do know in the public sphere in washington a little bit longer for you to leave in the corporate world thats a whole another issue. If you dont mind my switching, the house and the senate will vote on this. Do you expect any speed bumps . I really hope not. One giant speedbump. Im hoping they can get to smooth sailing esteemed senator rubato, corker. I think its going to be smooth sailing. Every indication is Sticking Point will head to the president acts. Train journey democratic foes neil particular outcome including manchin might be inclined to vote yes. What do you think . Is interesting. Im not sure someone like manchin was vulnerable and one of the most moderate democrats in the senate will vote yes on this. Well see if any of the representatives in the house decide to vote yes. I wouldnt be surprised if a couple jump on the ship, but i am not sure how fearful they are either angry base or anything that would associate them with being on board at the president. Neil i want your thoughts on the molar thing in his image is gotten beaten up with all of these texts and emails and then fire in a guy with the president. How is all thats going to follow going to follow because going to fall out because when mueller does submit his report, whenever thats going to be probably from both sides, right. The integrity of the investigation has hardly been compromised. Whether thats how people feel if its been compromised will wait to see you. He needs to keep a tighter ship. They seem to be very deeprooted i am upset that it seems whenever his decision on the end of this investigation reveal it is just going to lead to more more backandforth accusations and more disbelief from both sides of the aisle. Neil yeah, think youre right on that. Katie come any sense or not is all going to happen . Were told that most if not all of the interviews have been wrapped. I dont know if that is true, but that could mean an imminent end to the investigation itself in a report therein. What do you think . I dont think perhaps its too close to being over. You have to look at the people who made deals, lying to the fbi. Is there something bigger hes going to be pursuing further. There is an end anytime soon and i do think the president was wise in saying hes very clearly going to fire mueller because id be a very bad idea. Neil its not a busy investigation. No, it would not. It would just give more ammo to democrats. Neil katie frates, thank you very much. Neil the president will lay out a National Security strategy that is all about the u. S. In fact, it is called America First. The strategy that is already the wrath of the chinese who call it reckless under rational and not the way to conduct a positive bilateral relationship between these two countries. The president seems to be responding as if. After this. Achoo feel a cold coming on . Zicam cold remedy nasal swabs shorten colds with a snap, and reduce symptom severity by 45 . Shorten your cold with a snap, with zicam. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. Theres breaking news on cavuto coast to coast, Connell Mcshane back once again from the news room as the live pictures come in from the state of washington where an amtrak Train Derailment this morning has killed a number of people local authorities are telling us the train amtrak 501 on the amtrak cascades line came flying off of an overpass near tacoma on to the busy i5 below it interstate 5 where there were cars driving below. Well get back to that in a moment i want to show you a map though of that area. Mentioned this train was on its first ever run along a new route and on the upper right hand corner of this map Northeast Corner youll see the new amtrak route marked just to the left and or southwest of that. Thats where the derailment took place with the train coming off the overpass on to southbound i5 and it was leaving seattle or did at 6 00 this morning on its way to portland. Now, on its website the Washington State department of transportation brags about this new Point Defiance bypass they had been putting in place to allow its passenger trains as it said to avoid the slower congestion route and it says it will improve travel times and in this particular case the travel time was supposed to be improved by only 10 minutes with the route to seattle to portland and thats largely because theres speed limits in place along the route. Now for example, on this Point Defiance bypass which i mentioned, the speed limit, the maximum speed along that stretch of new track which i believe is about 14 miles the maximum speed is 79 miles per hour. Thats what the Washington State department of transportation says and we just got an alert from a website called transit docks. Com which tracks amtrak train locations and speed s using data from an app and it says on this site that the train in question was traveling 81. 1 miles per hour. Again 81. 1 miles per hour, just before the derailment, so thats where we are, neil we may learn more about this 2 30 eastern time an hour from now when the ntsb holds a briefing in washington. Neil thank you my friend very very much. In the meantime thats about a half an hour were due to hear from the president of the United States about 2 00 p. M. Eastern time will detail what he calls his meshes first National Security strategy and in it hes expected to target china and russia for not only economic aggression but doing so to the deliberate detriment of the United States and he says its going to stop the former Trump Campaign advisor former Deputy Assistant of the army both of fox news contributors very happy about that so van to you first on what the president says. If you think about it hes got to walk a tight rope maybe not in your view regarding the chinese particularly at this time at north korea but hes going to call them out for going a little too far when it comes to trade. What do you think . Im glad hes calling them out, neil hes being too charitable with the chinese. Anyone who steals the Social Security numbers of 23 american citizens quite frankly i call them Something Else so i think hes being charitable but im glad hes calling them out. The South China Sea Economic Security equates to National Security part of the trump message, the America First message were going to put, protect americans and protect their jobs, the South China Sea, neil, 5 trillion worth of cargo goes through there every year. It is vital to the Economic Security of the free world. This president gets that. Neil what do you think . Well, i think what is basically the principle here is that the United States National Security doctrine will have to preserve United States National Security and also the interNational Security of our allies and i think the president is going to expand on that. We find ourselves in opposing positions with russia in many places and most of these cases are because of third countries. The most important case of course after looking at north korea is iran. We and our allies in the region, arab moderates and israel are in a confrontation situation with iran and russia is strategically supporting iran, and hezbolla so that has to be clarified and in addition to that of course russian expansion into other areas in the region but also into latin america, with venezuela, so we find ourselves in opposing positions because of the alliance the russians have developed. Neil you know, van im just wondering what the fallout will be among the chinese and the russians. The chinese have already claimed i just want to make sure im getting my wording right, that these are wreckless and irrational remarks. What do you think . America first does not mean america alone and i think what the president is going to emphasize today is were going to put Americans First but were going to work with countries where theres a common interest. Russia for example. I think its a big deal what the cia did to the plot about radical islamists to attack the cathedral in st. Petersburg. They have a problem in russia, neil fighting radical islam and they had attack on their subway systems in st. Petersburg back in april and last week moscow authorities announced they had arrested a number of isislinked suspects who planned suicide bomb attacks on new years day so that is a common area we could work on together and im glad the president had that conversation. I hope the president uses this and takes it a step further and gets russia to help us with north korea. Theres a lot more they can do there. Neil how is this going to sort out globally . Hes obviously thinking an America First posture. How do you think thats going to be received in the rest of the world that is sort of embraced the barack obama method of like a we are the world thing. Look, i remember the years, 2016 where we are defending or developing this idea of America First but america is not alone in this, it has allies in the case of fighting terrorism thats a most important combination of all these members all these world powers. The five permanent members of the Security Council namely the United States, russia, china, uk and france all are fighting al qaeda so they are areas where we can coming to and other areas for example, crisis in humanitarian issues in syria and other places, migration. There are many areas where we can Work Together but of course we need to resolve the areas where we position ourselves against each other because of third countries. Neil i want to thank you both very much. Were less than a half an hour away from hearing from the president on that. Again everyone in the world is going to be listening to this one because it could affect our trade agreements already in place and our trade relationships with countries in the case of the chinese that own a lot of our debt so whether that has them stomping their feet away from that debt is anyones guess the president has called them on it particularly the chinese and the world is waiting to see what the chinese do in response. More after this. More breaking news as we have an update on the amtrak Train Derailment in the state of washington. Weve just heard moments ago at least six people are now dead in this derailment. Some new pictures coming in from local television, komo and the seattle market as we look down upon the scene for the first time earlier we had been looking in from i5 and we saw the one train car that had come flying off the overpass on to the road but we were told by officials there three or four more cars were as they put it in the woods now for the first time were getting a look at some of those cars and a moment ago before the camera started to pan up we saw some of the rescue officials working beneath those train cars as it looked like there was a digging motion there as they were trying to get beneath as the rescue efforts as of the last update we received continued that looks like some sort of a passenger vehicle that was below the train car coming down and now the deaths were told by a u. S. Government official that at least six people were killed in this derailment and as far as we know all were on the train itself not on the road below although there were some injuries below. Earlier we were told 77 people in all were brought to local hospitals as a result of this so obviously a number of injuries and now the newest information coming to us at least six people are dead, so nothing yet neil on the cause, ntsb briefing coming up at the bottom of the next hour. Neil all right thank you very very much, connell. In the meantime, a massive power outage at the Atlanta International International Airport has already left thousands stranded and this could go on a while. Fox news is at Hartsfield Jackson with the latest. Hi, neil well you can see many passengers behind me many trying to rebook their flights and while this is a long line this is closer to the length you would see during a busy Holiday Travel day. Airport operations are slowly returning to normal. The thing is because its the holidays, there are very few seats on aircrafts so some people may have to wait a couple more days. Now it was a very different scene last night when the power went out for over the course of nearly 11 hours. You had planes pulling up to the jetways but the jetways couldnt move to greet the planes so in many cases passengers were stranded on their planes for several hours, baggage conveyors werent working, people were separated from their luggage, escalators and elevators werent working which could pose a problem if you get around in a wheelchair. Here is what one passenger was saying. Take a listen. It is absurd. Like people are sleeping on the floor like homeless people. Its just like ive never seen anything like this at all. Reporter now the power outage affected all airlines servicing this airport but of course this being the home of delta airlines, the biggest impact was felt by delta which canceled 1000 flights yesterday and 300 flights today. Most of those in the early morning. Georgia power says that the cause of this outage was a fire, an accidental fire. Theyre working to get to the bottom of it and prevent this from ever happening again and coming back to our live shot at the delta counter from a business standpoint were actually seeing a higher level of Customer Service. They brought in people from their Corporate Headquarters and rather than just pointing to where passengers need to go after theyve gotten their tickets theyre actually physically escorting them to their destinations, an unusually high level of Customer Service but then again, these are highly unusual circumstances at the worlds busiest airport, neil. Neil this is supposed to dragon for how long . Do we know . Reporter well the airport is returning to normal operations today. Its just a question of how long will it take to book everyone on those flights which are very busy during the holidays. Might be another 2448 hours before everyone gets home. Neil oh, my gosh. Hopefully theres a cinnabon nearby but i digress. He has no idea. Hes a healthy eater. Jonathan thank you very very much. [laughter] neil in the meantime the dow hitting a new alltime high. Nicole petallides has been looking at the winners and lose turpitudes nicole what have you found out . The dow, nasdac s p all at all times highs second day in a row well have a monumental day when the dow closes higher be the 70s records of this year, intel, apple, dadder tell lar as they gain, take a look at the down arrows but this 70th record is so key not because its another record but because its the most record closes ever in any one calendar year. Were going to make our own history, 3 m, disney, visa under some pressure and were were taking a look at the Home Builders youll see them all with up arrows the National Association of Home Builders showed confidence in fact it went to the highest levels in 18. 5 years and the fundamentals are low unemployment, they have a tight housing supply and actually now theyre going to boost construction for 2018 particularly on Single Family homes so neil another day of records on wall street. You have apple, google, microsoft, goldman sachs, american express, mcdonalds all at all times highs, just to name a few. Ive already say theyre not going to look like these gold ones. They wont be gold like all of these. Its down 20,000 youll remember that not so long ago. Neil they have pencils the way we slice through these milestones, all right nicole thank you very very much. All right were told back in washington that they are moving fast, the rules committee to take up that tax bill later today to prep it for a household tomorrow and then after that in the senate and after that to the president and much of what they brag about besides the fact youre going to see a better paycheck in net in other words youll be taking home more next year, they stress the simplicity and they do it with this they could write it on a postcard you ever seen this . My argument has always been most people dont care about simplicity. What they care about is in the end, just saving on their taxes and so you happily fill out a tax form thats as thick as the manhattan yellowpages if you save a lot of money so will that be the whole way this is judged . Lets ask accountant daniel gelt red. Dan what do you think of that . Everyone loves simplicity, the easier the better but in the end if im not saving a lot of money i dont know whether the postcard thing does it for me. What do you think . I agree. I dont think people care about the size of what their tax return looks like. They want to know if theyre saving money and i couldnt really see that postcard. Did that say greetings from neil cavuto . Neil [laughter] i tell you its weird but its the one they recommend that millions of taxpayers will have, millions of taxpayers with double the standard deduction are going to be able to fill out on a postcard i guess, but as many as the administration to thes or what, what do you think . Look, here is what i think the big thing here is. They talked about simplicity being the backbone of this tax plan but they ruptured a disc and they ruptured that disc are the alternative minimum tax because they didnt get rid of it. They kept it in there. What does that mean, that everybodys tax return has to be done twice. You do your regular tax return and then you have to see where you fall with the alternative minimum tax. Why they didnt get rid of it i dont know. They raise the levels so that less people would fall into it, but its still there. Neil and what about the people in the high tax states much as to the fact that while some of them got a little bit more wiggle room up to 10,000 on interest and or taxes whatever they want to writeoff. It wont come close for a lot of them even with lower rates to compensate what do you say . No, it wont. I think when youre talking about the whole salt issue, neil its really a disaster for high income earners in the blue states. Its just going to increase taxes. Its as simple as that tax code picks winners and losers and those particular people are going to end up being there. Neil but are most winners, are most americans going to be winners . Yeah, i think they will because most people who are not filing with itemized deductions, they are going to be the winners because their rates are coming down, so by default theyre going to pay less taxes, get that benefit starting in 2018. Neil all right they did add a line here dan that you might not have known about. How much do you make . And then the next line is give it all to us. [laughter] neil i guess thats a whole other thing. Thats the postcard neil. Neil im joking they didnt do that, dan thank you very much my friend. Thank you neil. Neil the president is commenting on this Train Derailment in washington and goes on to say it shows more than ever why our soon to be submitted in from Structure Plan must be approved quickly, 7 million spent on the middle east while roads, bridges, tunnels railways and more crumbles. Not for long and of course they have not surmised what might have contributed to this accident whether it had anything to do with any of the above. The president illustrating this is a case for infrastructure reform and for infrastructure spending. Well have more after this. I just finished months of chemo. But i dont want to talk about months. I want to talk about years. Treatments have gotten better, so. Im hoping for good years ahead. Thats thanks to Research Funded by the American Cancer Society. The same folks giving me free rides to treatments, insurance advice,and a place to stay during chemo. I need that stuff like you dont know. And now that you do, please give. Call 18004164357 today. Your contributions to the American Cancer Society fund valuable research but thats just the beginning. A cancer diagnosis can kick off years of challenge. And thats where your donation truly shines. You help us fund free rides to treatment. A live 24 7 help line, free lodging near treatment centers, and even efforts to expand access to insurance. So, please donate today at cancer. Org and help attack cancer from every angle. The breaking news still coming in from the state of washington im Connell Mcshane in the news room where weve just had our first hint of a possible cause and we stress the word possible. This amtrak Train Derailment just outside of seattle this morning, a u. S. Official speaking to the Associated Press saying that track obstruction, again track obstruction is seen as a possible cause of the derailment. We mentioned earlier this amtrak train 501 was on its first ever run, inaugural run on a brand new route going from seattle to portland when this derailment took place. At least six people, according to a u. S. Official, have been killed. That number certainly could fluctuate. The number of injured is likely to fluctuate as well. We dont know a number there. We know of 77 people reported earlier to have been brought to local hospitals. We were told by amtrak that approximately 83 people were on board this train, 78 passengers, five crew members and weve just learned from this u. S. Official speaking to the ap that the track obstruction may have played a role or may have been the actual cause of this derailment. Bottom of the next hour ntsb, the National Transportation safety board will have a briefing in the nations capitol where maybe they go into this a little bit more but this is the middle of the rush hour the pictures that were looking at from above the derailment show the horror of it just before 8 00 a. M. Local time, pacific time, this train carrying more than 80 people derailed about 4e and at least six people are dead President Trump just ahead of his own address on National Security to come with the following tweet. The train accident that just occurred in dupont, washington shows more than ever why our soon to be submitted infraStructure Plan must be approved quickly. 7 trillion spent in the middle east while our roads, bridges, tunnels, railways and more crumbles. Not for long, says the president neil back to you. Neil connell thank you very very much meanwhile ahead of that the president is going to be talking to National Security just moments now politico reporting that president obama derailed a campaign against hezbolla to secure an iran deal Senior Investigative reporter josh meyer broke that story and joins us thank you very much for coming. Thank you. Neil there is this concern that it was all rushed very very quickly and others have made great political hay of this saying democrats are very quick to criticize republicans from rushing the tax cut package through yet they were rushing a life and death matter through i dont nowhere the truth begins or the fiction starts but there does seem to be some evidence here that to get this done, they had to make some compromises and a big one was hezbolla, could you explain . Well, yeah. I think that the Obama Administration was the first to admit that this was a very long term process that there were a lot of moving parts to the negotiations. I think what i was trying to focus is sort of some hidden aspects of the deal again not saying that the deal itself was good or bad and thats not what the Drug Enforcement Administration Agents were saying. What they were saying is that their efforts to investigate, prosecute, and throw into prison senior members of this hezbolla lead Drug Trafficking organization was also very important and shouldnt have been sort of thrown under the bus and they believe that happened investigated it and i talked to dozens of people and it seems like that appears to have been the case whether it was intentional or not biowoman a Administration Officials or sort of a byproduct of them having this myopic focus on the iran deal when you look at all of the key suspects that they identified as far back as 2008 who were still on the loose, it seems like the proof is in the pudding. Neil was it their fear that if hezbolla wasnt on board with this then they wouldnt have the deal . Well, you yeah its a lot more nuanced than that i think i talked to people at the state department cia, justice department, fbi, dea of course white house National Security council and what they said is that there was a sort of a atmosphere there where the Obama Administration didnt want anything that might interfere with that. They wanted to show good faith to the iran and there for certainly high profile arrests, extraditions, investigations, things like that would be seen as a rebutte to that, so i think there was a lot of behind the scenes discussions about that but there was noah nounsment saying dont do any Law Enforcement efforts. The people involved say it was much more sort of behind the scenes than that. Neil was there anything that was reciprocal in that sense that then the iranians, im switching groups now, had to adhere to things that would not embarrass or compromise this agreement . Because they did a lot of things i remember going after ships and elsewhere that at the very least complicated the whole thing. You know, i didnt focus on that. Ive heard there were in some instances things they might have done that where they throttled back on cyberattacks and so forth but i think one of the concerns among the federal investigators and id done an earlier story in april about how the Obama Administration derailed counter proliferation efforts as well and the concern was that iran was continuing this bad behavior even as the deal was being negotiated that they had iranian and hose bowl a which is essentially a proxy of iran Trafficking Networks in the United States and elsewhere that they were proceeding at pace with their plans to do that, to evade sanctions. They were expanding and so fourth so i think their consensus is that iran was not as negotiating and nearly as good faith as the Obama Administration was trying to do. Neil i like the way you didnt judge the deal one way or the other just what was done to get to that point, but very good reporting very good story, thank you very very much. Thank you. Neil as josh and i were speaking the president submitted another tweet on this train de raiment going on to say my thoughts and prayers are with everyone involve in the train accident, thank you to all of our wonderful First Responders on the scene. Were currently monitoring here at the white house and an earlier tweet he had said that this really necessitates vast infrastructure spending, the likes of which presumably he seems could have avoided this. That we dont know. Well have more after this. Neil we are moments away from hearing what the president of the United States, talking about National Security where he will talk about u. S. Security and the u. S. First, that thats very important to keep in mind not only in trade deals but the way we look after our own military interests as well. The chinese are not a fan of what theyre going to be hearing out of the president obviously given a heads up that is comments are going to target them as a strategic competitor pursuing policies that are meant to weaken the United States. Theyve turned those comments to be wreckless and irrational. Theyre getting ready to hear him and again, with Vice President pence doing the honors to introduce the bows. Now the dow up 132 points, nasdac is up and s p is up and here is trish regan. Trish thank you so much weve got markets higher around 25,000 watch and breaking the president is about to speak any minute from now, and reveal his administrations first National Security strategy. Hes going to be making the case that Economic Security is critical to National Security. All of this as the house gets ready to vote on the tax plan tomorrow. I am trish regan welcome everyone to a very special edition of the intelligence report. Trump is going to be making the case that the u. S. Cannot be a beacon of strength and a beacon of stability in the world unless we put America First and we hit the ground running in terms of Economic Security and we re negotiate our trade deals, you know as neil just told you, china does not like the sound of that. Here to discuss former sun