Last 24 hours, hes going to have plenty of fresh material, if you will, to talk about. The it was on thursday that the u. S. Military announced they flew two b1 bombers over the korean peninsula. The kind of drill weve seen before. Military said it was pre planned. The North Koreans didnt see it that way. They put out a statement saying that they believe it was a dry run for a future Nuclear Strike against north korea. Of course the u. S. Denied that. The and at the same time, what youre seeing in the same day, actually on thursday is south Korean Intelligence Agency put out a report saying theyve seen activity in north korea that would suggest there will be another missile test quite soon and that the North Koreans are ready at any moment to conduct another nuclear test. Thats what the president s going to be wading into as he tries to come up with a longterm solution to this ongoing crisis in the korean peninsula. That said, theres also a lot of other things hes going to have to talk about. Look at trade for example. The United States pulled out of the Transpacific Partnership under the Trump Administration so theyre going to be starting from square one. The president also wants to come to china and talk about opioids and military expansion. Yes, north koreas important but plenty of other things as well. Thanks for that. The gop tax plan is out and debate amongst lawmakers and tax experts is heating up. What does it mean for your tax bill. Four new tax brackets down from seven. Couples making up to there is 90,000, individuals making up to to 12 there. I flipped that backwards. Top rate stays the same at 39. 6 for the highest earners. Another big change the standard deducti deduction. 12,000 for single filers, 24 for couples. This will cut down the number of people who item ease. The plan would eliminate the personal deduction. Some taxpayers could see little benefit. Other big changes that could affect, the Child Tax Credit being boosted by 600. It allows for more people to claim that credit. As for housing, the popular mortgage Interest Deduction is capped. Homeowners can only de duct 10,000 worth the property tax. Salt will disappear. And the estate tax by the year 2024. Theres some interesting new benefits i think for working families. But the cornerstone of this, really, honestly, is the Corporate Tax. Absolutely. Theres a lot to digest here. Helping us do that is political economist greg val year. Good morning. One thing is clear. Republicans see this as a political imperative. Lindsey graham said if they dont get it, they loz the majority. The president talks about the stock market, all time high. 3 growth, backtoback quarters and all economic indexes are strong and positive. . What the economy needs right now . Thats quite a question. Isnt it . The fact nat economy is improving, trump brags about it all the time, you would think that you needed a big tax cut when the economy was in bad shape. I think everyone agrees we need tax reform. Especially the way corporations are taxed internationally. But to go another trillion and a half dollars into debt for a tax cut with a decent economy . Thats a legitimate issue. When you listen to the house ways and Means Committee chairman, everyone was talking about how this was for the middle class. Is that what this is, greg . Not really. I mean it helps a bit. For most people, not all, but it helps a bit. And i think for the very, very wealthy, theres not going to be as much tax relief as perhaps they expected a few months ago. But no. Make no mistake. This is about corporations really dramatically lowering Corporate Taxes, repay tree iating its the major reason or a major reason why the stock market has done so well, because corporate earnings are going to do better with rates this much lower. Yeah. A surprise the business friendly wall street journal calls this half a tax reform this morning. They say its much needed form of business taxes. Mess on individual taxes. That makes that part of the code even worse than it is now. So can the president sell this as the Christmas Gift the largest middle class tax cut ever . Hes very good at selling and im sure he will. What i think, dave, the wall street journal editorial was headed for was the senate. Everyones talking as if this is a done deal but i think there are so many moving parts that are going to get changed in senate or maybe in a House Senate Conference committee during the winter. The i think the wall street journal and a lot of other critics are trying to get in the best shots and really there will be changes. I think biggest Sticking Point the high tax state, new york or new jersey or california, 13 state income tax, no longer be able to deduct, thats where theyre going to be hearing from those folks c folks. There is a very important trip for the president. Hes going to the backyard for the trade deals that were blown up when we walked out of tpp and had to start from scratch. What are you expecting, what are the stakes for the president on this trip . I think its pretty high, christine because for the Financial Market the which have to digest the departure of yellen and the tax bill, theres also the issue is donald trump a protectionist or not. He doesnt favor nafta. Unless he gives a fullthroated defense of free trade i drithin thats going to be a signal that protectionism may be a new fear. I want to ask you about this dnc scandal. Essentially what Donna Brazile is saying in this book is barack obama defendant theis in a mess. The words of high profile democrats, rigged the nomination in favor of Hillary Clinton, playing some serious hard ball or is there more to it and whos in a bigger mess here . Republicans with the civil war or democrats . Its really an interesting story. Youve got now Elizabeth Warren, who very bluntly said yesterday that the nomination was rigged. Against Bernie Sanders for Hillary Clinton. The youve got the Republican Party in a civil war, the democrats now in a civil war and i think both parties may yield to the populous, the steve bannon populous, Elizabeth WarrenBernie Sanders. And the center seems to be collapsing. All right. So much to talk about. Come back in a half hour. Thanks, greg. All right. The internet red alert has been canceled, folks. The president s twitter account is back up and running after briefly going off line. How is this for a plot twist . It was not a glitch. Turns out an unnamed twitter employee pulled the plug on the account on his or her last day at work. It was restored in 11 minutes but was down long enough to trigger a tsunami of jokes inud cl including this. Human error is a better check on trump than general kelly. It was a fascinating 11 minutes that actually continued on through the night. President trump does not seem troubled by a Staffing Shortage at the state department. The one that matters is me. Im the only one that matters. Well tackle that next. Ssiono show drip coffee drinkers, its time to wake up to keurig. Wakey wakey rise and shine oh my gosh how are you . Well watch this. I pop that in there. Press brew. Thats it. So rich. I love it. Thats why you should be a keurig man fullbodied. Are you sure youre describing the coffee and not me . Fullbodied. Tmobile family plans now come with netflix included. Thats huge. Thats right. Tmobiles got your Netflix Subscription covered. 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The Justice Department he ev ran per per repor per. Reporter these related to any contacts with russia. The document the are similar to ones he gave to congressional investigators. This comes as investigators have begun asking witnesses about kushners role in the firing of fbi director james comey. Some say he was a driver the president s decision. Others say he simply didnt oppose it. It was something the president had already made up his mind about. Sources close to the chous say based on what they know, kushner is not a target of this investigation. White house official says theres no surprise that the mueller team would be asking questions about kushner and he would be among a list of people investigators would be asking about. A lawyer for kushner de not comment nor did the whitehouse. Thanks. T mr. Trump spoke to radio host saying listeners want the feds to go after Hillary Clinton and the president responded with this. The saddest thing is that because of the president of the United States, i am not supposed to be involved with the Justice Department. Im not supposed to be involved with the fbi. Im not supposed to be doing the kind of things that i would love to be doing, and im very frustrated by this. President trump himself under scrutiny concerning his interactions with the Justice Department. We learned last week he wanted a gag order lifted on an undercover informant in a case that could involve Hillary Clinton, and its still not clear if the president did anything improper by firing former fbi director james comey. If h. If you ever have the feeling President Trump believe the the only person in the federal government is him, hes no you confirming it. In his latest interview with fox news, his response, no problem. We dont need all the people that they want. Dont forget. Im a business person. I tell me people when you dont need to fill slots dont fill them. But we have some people im no the happy with their secretary of state, aur know let me tell you. The one that matters is here. Im the 0 enly one that matters because when it comes to it, thats what the policy is going to be. Youve seen that. President trump is nom naded 79 people with 33 confirmed. Behind the past two president s. Weve heard reports of low morale at the state department. A well known University Says it will no longer provide bits control for students and facu y faculty. Tell you where next. I have more than 30 pieces of shrapnel still in my leg. But i still push myself to the limit. If it werent for my tempurpedic, i wouldnt be able to sleep on my left side at all. The tempurpedic veterans day Savings Event is here, and now is the time to take advantage of this incredible offer. Save up to 500 instantly on select tempurpedic Adjustable Mattress sets. Find your exclusive retailer today at tempurpedic. Com. Dear dauwith our used to motherdaughter matches. 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Hey . I paused it. Bam, family time. So how is everyone . Find your awesome with xfinity xfi and change the way you wifi. President trump readiys for the longest foreign trip of his presidency. The biggest tax overhaul proposal in years is out. Whats in it, what it means for you and can Congress Pass it. Also talk about those 11 breathless minutes on twitter when the president s account was no longer. The president went dark for 11 minutes. Im sure there were a few happy about that on capitol hill. It is 30 minutes past the hour this friday morning. Everybody jobs day. President trump taking this morning taking off this morning on a marathon overseas trip. Air force one departing at 9 00 a. M. The hawaii, japan, south korea, china, vietnam and the trip ends in the philippines on november 12. Ahead of the trip the president spoke out. Japan is a warrior nation. And i tell china and everyone else that listens, i mean youre going to have yourself a big problem with japan pretty soon if you allow this to continue with north korea. National security advisor ah mcmaster says the president is thing about putting north korea back on the list of state sponsors of terror. A quote threat not entire world. Also learning pyongyang may be getting ready to conduct new tests. Lets bring in matt rivers from beijing. Ahead of this trip are bombers doing something the North Koreans might find a bit provocative . Reporter each time we the United States does this, the North Koreans arent really happy about it. The what happened on thursday was that the u. S. Military says is flew two b 1 bombers over the korean peninsula. We have seen this happen before. But the North Koreans said they believe it was a dry run for the u. S. To practice for potential Nuclear Strike on pyongyang. Of course the u. S. Denies that but that gives an idea of tense situation donald trump will be wading into. North korea is going to be high on the agenda. Also, on thursday a south Korean Intelligence Agency said they defected activity that points to signs north korea is preparing for yet another missile test. They also say north korea is ready to launch another nuclear test at any moment. Thats what donald trump is dealing with as he tries to come here to asia and chart, plot out some longterm solution for the north korea crisis. But that said, hes got a lot of other things he needs to talk about on this trip. Take trade, for example. The u. S. Pulled out of the Transpacific Partnership so theres going need to be fresh discussions with countries like south korea about the trading relationship with the United States. Hes also going to come to china where he says he wants to talk to president xi about things like open yod and Chinese Military expansion. North korea will be very high on the list, the top item he needs to discuss but hes going to have plenty of other things to talk about. He will. Live for us in beijing. Thanks. The Trump Administration says this will be the biggest tks cut ever and now lawmakers begin the debate. The president is optimistic tweeting great tax rollout. Lobbyists are storming capitol hill. The republican the will hold strong. The treasury secretary says this bill has plenty for lawmakers to agree on. Many of these issues are not part san issues, this is about creating a competitive Business System to bring jobs back here. So, we hope for and look forward to hopefully being some democrat support. One sticky point will likely be with whos winning big. Corporations getting a huge tax cut down from 35 to 20 . The Administration Believe the this will spur growth, raise wages, bring Companies Back to the United States. The bill appeals the estate tax in 2024 and until then doubles the exemption. What about the losers . Well, folks in hightax states, waking up in new york, new jersey this morning, no more state and local Tax Deductions for income or sales tax. And they can only deduct property taxes up to 10 grand. The Home Builders also feel the stocks tank yesterday for new home purchases morgue Interest Deduction cut in half to about 500,000. Well talk about in political economist. Greg, when i look at this, i see the middle class relief. I see theres some new relief for working families. But really, the center piece of this thing has always been the Corporate Tax cut. Companies want to bring home all of that profit that they have stashed overseas at a very low tax rate. Were told that will be Something Like a 12 . The biggest tax cut in history as the president is promising is really for companies, no the for regular working people. Absolutely. And the great unanswered question is how much of this is already in the market. I think the markets are excited to see corporate earnings do even better, because they have much lower taxes to pay. Is that fully in the market . Maybe not. There might even be another leg up as stock investors realize these very low rates mean great things for earnings. All right. The wall street journal calls this half the tax reform. They also point out this 1 million rate that holds at 39. 6, and they have interested language about that. Quote, know members want to vote for a lower top rate and have mr. Trump quote that theyre mean as he did on health care. This is where president ial flightiness and lack of principle have a policy cost. Keeping that there 1 million r does that give them the political cover. It doesnt raise a ton of money. Its not really for economic reasons. Its for political. Theres been a real shift with the pop list right wing and left wing really opposed to tax cuts for the wealthy. I think they have had to keep this top rate. I also think maybe the estate tax does not get totally abolished. Thats really hard to make a case that that helps small time farmers. All of the analysis of that that these are really these are very, very wealthy people passing money along. It doesnt affect that many maybe 20 or 30, even families a year. Lets listen to what the president said about his timing here for this tax cut. Hes very optimistic that this is going to be A Santa Claus tax cut. We will provide a massive tax cut for american families. We will make the tax code simpler and fair. I really believe well have it done before christmas. I consider that to be one the great christmas presents. Kbrgreg, what is your best gs on when this gets done . I just cant see it this clea year. Theres an enormous fight coming up on the budget. There are so many issues on tax reform that havent been resolved. The senate hadnt even weighed in yet with their own bill. I think well get a tax bill but i think it um, can the toward the end of the winter, not before christmas. Now the selling as the president gets on a plane and goes to asia for the longest trip of his presidency. Theyll be working on that here. Hell be there. How high are the stakes, what are the risks for the president on this trip to asia . Well i would say when hes in asia he can still meddle on the tack bill like he did earlier this week saying lets put the abolition of obamacare in the tax bill. Hell still be focused on that. The to your question on asia, i think the really key here for the markets is is this president a protectionist . Does he believe it free trade or want to stop it . I think he would like to kill nafta, obviously doesnt like the Trans Pacific partnership. I think thats going to be an important signal for the marks. What the republicans and house and senate would probably like to see is a twitter blackout like we had for 11 minutes last night when the president s account was off line. An employee of twitter on their last day took down the account and twitter exploded. A couple of hundred thousand people had fun with this including a former clinton spokesman. Congress man said deaer h. Dear serious implications. What are they . Well, first of all, the president hood to go cold turkey to be like john boehner without a cigarette for those nine minutes. And i think, though, the bigger implication is that one disgruntled employee could do this. Youve got an industry light now, like twitter thats under a lot of political pressure. I think this doesnt help the political standing. I think that it also, one other point, i think for trump, this is the way he communicates with his base, you take that away and you see that his ability to get his message out is really diminish diminished. Front page post. Wow. Thats all, folks. It it will be interesting to see on this trip if hes tweeting at all. Or if hes really dial the is back while stays out of this tax debate. The one thing really quickly. The there will be more from mueller. I think trumps going to have to have one eye on the special council. Hes going up the chain of command. I think theres morie coming, more indictments for perjury, things like that. That kolk a distraction. All right. Nice to see you. Have a great week jepd. All right. Ahead new allegations support the idea the dnc rigged the primary for Hillary Clinton. Democrats are furious. Do you agree with the notion it was rigged . Yes. What bernie staanders camp saying next. She makes from that airline. Whatd you earn double miles on, please . Ugh. Thats unfortunate. Theres a better option. The capital one venture card. With venture, you earn unlimited double miles on every purchase, everywhere, every day. Not just airline purchases. Seems like a nobrainer. 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Throughout history, the one meal when we come together, break bread, share our day and connect as a family. [ bloop, clicking ] d connect, as a family. Just, uh one second voice guy. [ bloop ] huh . Hey . I paused it. Bam, family time. So how is everyone . Find your awesome with xfinity xfi and change the way you wifi. Frustration boiling over for Many Democrats this morning following some stunning allegations from the former head of the party. Donna brazile suggesting the nomination was rigged for Hillary Clinton. The in her forthcoming book she talks about an agreement made between the Clinton Campaign and the dnc giving them a direct influence over the parties finances and strategy. Many democrats angry including massachusetts senator Elizabeth Warren who says the party has to rebuild and fast. This is a real problem. But what weve got to do as democrats now is weve got to hold this party accountable. You have got to put together a Democratic Party in which everybody can have confidence that the party is working for democrats rather than democrats are working for the party. Very quickly, thats right, do you agree with the notion that it was rigged . Yes. Jeff weaver, calls the dnc actions egregious and undemocratic. President trump could not help the but weigh in. Tweeted she just stated they rigged the system. Where is our Justice Department. Its important to note Donna Brazile herself admitted to helping the clinton camp. She sent questions in advance of a cnn debate. If you ever have the feeling President Trump believes the only person in the federal got who matters is him, hes confirming it. In his latest interview the president was asked about open positions at the state Department Going unfilled. His response, no problem. We dont need all the people that they want. Dont forget im a business person. We tell me people when you dont need to fill slots, dont fill them. We have some people im not happy with their secretary of state let me tell you, the one that matters is me. Im the only one that matters because when it comes to it, thats what the policy is going to be. Youve seen that. Nominated 79 people. Ahead, a rough year for nfl quarterbacks continuing yesterday as texas rookie suffers a season ending injury. Andy scholes with more. Had the astros no the won the world series this would have been worse for houston. A breakout rookie season, watson suffering a torn acl on a noncontact play during practice yesterday. Watson was leading the nfl in pass touchdowns in h, turning rough season for the texans, they already lost j. J. Watt. The texans will sign another quarterback. They did not consider signing colin kaepernick. Thursday night facebook, jets hosting the bills, there was a moment of silence for those who lost their lives in tuesdays attack. Tyrod taylor. Check out the star wars touchdown celebration. Life saver battle there. 77 at that point. Jets scored three unanswered touchdowns. They beat the bills easily, 3421. A month after surviving the Las Vegas Shooting gr, golfer, the jason aldean concert saying he saw people to his left and right get shot. He is from las vegas and he says he was not as nervous as he thought he would be making his pga debut because he has a new perspective on golf. The world series champion Houston Astros returning home to a heros become. George springer has the trophy. I saw him leave the team hotel with it. Carlos with his fiance. Today the parade in downtown houston and schools canceled today so that everyone can go to the parade and enjoy themselves. My good friend is a teacher in houston, not only did he get to enjoy the win, they earned him a day off on a friday. Hes doubly pleased. Speaking of doubly pleased, Justin Verlander marries kate up tin this weekend. Pretty good weekend for the astros pitcher. We got to get to that parade. Get out of here. All right. Not going to make it. 10 minutes to the top of the hour. It is jobs day in america. Labor department will release numbers later this morning. Were expecting a major rebound. Cnns money stream is next. You too, unnecessary er visits. And hey, unmanaged depression, dont get too comfortable. Were talking to you, cost inefficiencies, and data without insights. And fragmented care, stop getting in the way of patient recovery and pay attention. Every single one of you is on our list. At optum, were partnering across the Health System to tackle its biggest challenges. At optum, were partnering you wof your daily routine, so why treat your mouth any differently . Complete the job with listerine® help prevent plaque, early gum disease, bad breath and kill up to 99. 9 of germs. Listerine® bring out the bold™ im alive, im alive im alive, im alive im alive, im alive alive gives you more vitamins and minerals than leading brands. Because when you start with more, you own the morning. Alive ivanka trump in tokyo this morning. Here she is moments ago greeting japanese Prime Minister shinzo abe. Speaking about women participating in the economy at the annual World Assembly of women conference. She used the occasion to call on business and government leaders to pave the way for equality and respect in the work place. In some countries, women are not allowed to own property, travel freely or work outside of the home without the consent of their husbands. Countries like the United States and japan cannot be complacent. We must continue to champion reforms in our own countries. After the first daughter dines with the Prime Minister abe, she flies back in the u. S. To help in the push for tax reform. Isis claiming the attacker in this weeks deadly truck ramming in new york city was a soldier of the caliphate. The weekly newspaper did not name the suspect nor claim direct responsibility for the attack. The article stopped short of providi providing credible evidence isis had knowledge or planned a role. This is the first time it made such a claim in the newspaper before boasting through the regular news agency. In chicago a man hunt for a man who opened fire in a walmart. Police believe it gan with a drug checks uptown neighborhood. They said one of the men ran into the starbucks, a suspect wearing dark clothing and mask fogd and started shooting. The university of notre dame announcing it will no longer cover Birth Control for students faculty or staff making a move less than a month after the Trump Administration added a loophole to obamacares contraceptive mandate. They may stop if they have a religious objection. Employees will lose the coverage december 31st, students august 14th. Lets check a check on cnn money stream. U. S. Stock pointing higher. Dow hit a record high thursday after republicans released the tax plan and trump nominated jerome j. Powell to lead the fed. Hes current fed governor. The he likely wont push for faster Interest Rate hikes. Stockmarkets in europe up, shares in asz ya closing the week higher. The market could get a boost from the october jobs report. The forecast is for a surge of 301,000 new jobs, increased hiring following the hurricanes that hit texas and florida last month. That caused a loss of 33,000 jobs. The jobless rate is expected to hold steady at a low 4. 2 . Wages expected to grow about 2. 7 , a little bit lighter than last month. Finally, its the day crazy apple fans have been waiting for. The iphone X Hits Stores this morning cheapest model costing a cool grand. There are reports of lines at apple stores. Cnn affiliate took these pictures outside the Pasadena Apple store in california. Apple is trying something new this year releasing different models six weeks apart. Concerns about supply consfrantss but they expect to make a fat profit off the phone through the Holiday Shopping season. Are you going to get one . I dont do long lines. Ill get it in a year. I dont knowwhat my phone can do. I probably use 5 of what it can do. You can use a flip phone, my friend. I could. I should get one of those tin cans with a little string. That would work well. Thanks for joining us. Im dave briggs, new day starts now. Have a wonderful weekend everybody. See you monday. President trump did not dismiss the idea of arranging a meeting between Vladimir Putin and trump. I had nothing to do with russia. Sessions failed to Tell Congress about the proposed trump Putin Meeting during his confirmation hearing. His campaign was riddled with people of russian connections. Thats not normal. He is peeling away the layers of this ononand somebody is going to end up crying. In this is really about a dnc that lacked transparency. Do you agree that it was rigged . Yes. Were going to get this done. Why . Because the American People deserve this. Advertisedest on behalf of the middleclass is simply not true. This is new day with chris cuomo and alisyn camerota. We want to welcome our viewers in the United States and around the world. This is new day. It is friday, november 3rd, 6 00 here in new york. Chris is off this morning. John bermanoi