Big news from washington to wall street, the Senate Voting right now on a straight repeal of obamacare with a twoyear window to replace with a new health care plan. Well be following all of the action from the senate floor and bring you the results of this key vote. And social media behemoth facebook out with report any minute. Will Mark Zuckerberg deliver . Well bring you the numbers the moment they come out. David back to the market records. Nicole petallides on the floor of the new york stock exchange. Nicole, we havent always had the dow go along, now the dow setting the pace. Reporter right, we havent seen that since the 14th of july. This is great news here. Youre getting not tired of winning. Youre right, absolutely right now, we are to the upside. Off 96 points at the closing best. Record high for the Dow Jones Industrial average. Boeing, thank you, boeing, adding 112 positive dow points. That was a winner. The s p 500, another record there, off almost 16 since election day in the nasdaq again. The nasdaq showing up how great its done, 24 since election day. Amazon new alltime high for amazon. Remember when it crossed 1,000, now at 1053. Up 40 this year. They want to hire another 130,000 workers and so thats going to be across the nation in august. Whole foods deal, which is likely to close the second half of the year, and amazon now worth 500 billion. This is half of a trillion dollars. And whole foods, taking a look how that fares, off six cents. The vix, is everybody getting too used to this in the vix is the lowest ever. No fear here. I dont know, back to you guys. David we have breaking news from inside the beltway by the way. The hyde amendment, this is something that is not about the repeal of obamacare. This is a separate issue entirely. We have just got word that that has failed. This is the hyde amendment, correct, producers . Okay. Now were voting i believe on the straight repeal. All right. And word is from chad pergram, hes on the floor. Chad pergram is a producer for fox news, that they dont have enough votes for the straight repeal either. The hyde amendment, it was unexpected to win anyway because that needed 60 votes to pass, but the straight repeal in which they were looking just for the 50 votes and it would be 50 plus 1 if the Vice President has to be the tiebreaker as he was earlier. Apparently, according to chad pergram, on the senate floor or right nearby, the republicans do not have enough votes for that passage of the straight repeal. Whats called the skinny bill. Were going to give you more information on this as we get it, but again, not looking good for the president or his agenda right now as, again, the repeal of obamacare, straight repeal, does not have enough votes, according to sources down on the floor. Melissa . Melissa oil continuing climb for the Third Straight day settling near two month high, up nearly 2 , to 48. 75 a barrel, driven higher by government report showing crude supplies have fallen for the fourth straight week. David will corporate profits driving to new records today. It appears the motion will now fail. Here is Jonathan Hoenig from Capitalistpig Hedge Fund and heather from sunamerica funds. Good to see you both. Heather, to you first, the breaking news that the straight repeal might fail, if were stuck with obamacare until the thing continues to spiral as it has been out of control, what happens to the economy and specifically the market . The markets are waiting for health care in one form or another legislation. Some sort of legislation to be passed because we want to get to tax reform. Thats very important, but as were seeing right now, if this isnt going to pass and the repeal state, thats because i think a lot of republicans are saying we need a sustainable and suitable replacement, not just repealing. Thats not enough. David jonathan, we may not even get the straight repeal, it appears. And david you talked to a lot of investors, they dont know whats going on in washington. They dont care, though. David no, they dont. The late 1990s, with all the tumult in washington and what does the market keep doing . Went up in 96 and 98 and almost doubled. David the difference between then and now you have donald trump as president , he can do things without that crazy legislative body, like reduce reductions dramatically reduce all of the regulations that we have, which business very much enjoys and appreciates. Certainly a lot of investors betting on that david, health care reform, tax reform, as long as have you companies, amazon, which we heard from Nicole Petallides and the nyse, new 52week high, microsoft, mastercard, as long as the companies are innovating. Not to undermine whats coming out of washington here, but i think that markets are going up because of the earnings data. The Earnings Results are looking pretty good, and revenue is up 5 year over year. Melissa Senate Voting under way as we said in the straight Obamacare Repeal, but its not looking good. Adam shapiro live in washington with what exactly is going on with the vote. Adam . Reporter right, this is the straight repeal, and it was going to die because the mod rates want there to be a replacement. You heard rob portman in the last hour say there has to be replacement, that means the medicaid stabilization and expansion, thats billions of dollars that the conservatives dont want to be part of any health care reform. So the skinny repeal which is going to be coming down the pike, john cornyn said we will see the text of the repeal within 24 hours, the skinny repeal would repeal the individual mandate and the employer mandate to buy insurance. Thats not enough to consider senators portman or collins to jump on board. Thats in danger. Heres what senator john cornyn said moments ago. Once we got on the bill, there is expedited process, 20 hours of debate and the famous votearama at the end where we vote until we get fatigues and worn out and quit. So well conclude one way or another either late thursday night or friday morning. Reporter there you heard it, votearama, voting on aufrl the amendments. The only one that matters is final vote, thats most likely a vote on skinny repeal, repeal of individual and employer mandates, not sufficient for senator portman or senator collins. Back to you. Melissa breaking news, facebook is reporting Second Quarter results. Lets go back to Nicole Petallides, shes got the numbers, nicole . Reporter all right, earnings per share and revenue beat the street on the top and the bottom line. Stock is down 3. 3 . Earnings per share, 132, revenue 932 billion. So those are beats on the street. Much like for the entire earnings season. Mark zuckerberg came out, good Second Quarter and first half of the year, community is 2 billion people, focusing on bringing the world closer together. We know instagram has been a huge part, 250 million daily active users. What happened with the total daily active users under all of facebook and the platforms . That jumped 17 yearoveryear. Monthly active users off 17 and the head count up 43 . Across the board, doing great with growth. I will say that the analysts are saying are they going to get the same ad costs . They started to do so on instagram. They made a lot of money on the news feed. Can they do it on the messenger chat app and also whatsapp. Can they make money . Well see. Right now down 2 . Melissa nicole, thank you nar. David our panel is back with us along with rene richie, why werent these beats good enough for investors . We see the stock is down about 2 right now . They could be taking money out of it. In general, it was great and optimistic for the future and showing strategy of either buying competition or just picking over competitions features is working for them. David rene, its extraordinary, when you look at numbers. Facebooks Revenue Growth is twice that of google, now called alphabet. Its 43 increase from last year. How long can they continue almost doubling every year . Almost like theyre going to run out of population at some point. Theyre showing the power, they make value off of data but good at holding attention, and a lot of the products theyve bought or created when they bring on instagram or whatsapp or use the news feed, that holds our attention, and doesnt mean they can put ads in it but repeated ads in it, that increases value. David jonathan at 162 a share, is it overpriced right now . Thats the one issue, facebook is the prototypical stock of this bull market, continuing to hit and lead the market higher but up, about what, 65 in just the last year and a half. If youre going to see profit taking, but i have to tell you the move in the afterhours, 2, 3, 4 for a stock up 40 and 50 is not a big move down and the revenues continue to climb quarter after quarter. They havent had a quarter as a Public Company or continued to beat on revenue. David its improving right now, its down now just about 1 or 1. 25 . Do you think theres a little profit taking off the top . Nothing thats going to hit the stock long term . I think in general, the Technology Sector and social Media Companies as a whole, we know that expenses are exceeding revenue but they are bringing in because they announced that its been there so its increasing, they are bringing in ad revenue but running out of room for the ads. Are users clicking on the ads. I dont know about you but never clicked on an ad on the social media sites. Melissa never. That will be the challenge going forward. David rene, there is also digital video, theyre using more and more of that. Whats the future for that, is that a growing revenue income for them . Its exactly what we were talking about. Advertisers love it and do things like auto play video which makes the numbers look really, really great and put video in news feed, put video in not just instagram but stories. A lot of real estate to put it in, the question is how well does it convert for them. Jonathan, heather, rene, thank you very much, nicole has a little more information on facebook. Go ahead. Reporter losses have been down 3 , now down about 1 . For facebook, though, i will note that it has been a real winner as the outpaced some of the other big guys. Now can you see pared the losses. The Second Quarter mobile advertising revenue is 80 of the total ad revenue, and you know that mobile is where it is at. Back to you guys. David nicole, thank you, melissa . Melissa back to health care and the big fight in the senate vote on a straight Obamacare Repeal is currently under way. Its expected to fail, though. Here now is lauren zelts, independent womens Voice Campaign manager. Thank you for joining us. What do you think can actually get passed here realistically . What weve seen today, none of the votes today were expected to pass. These were the votes that needed to be taken to bring senators together to get through the motion to proceed vote on tuesday. So what we are looking at is as adam discussed, the skinny repeal legislation that theyre going to be voting on, which does three things, it strips the individual mandate. It strips the employer mandate, and it strips the medical device tax. Melissa but thats not going to happen. Right. I know thats what you are reporting today, i wouldnt underestimate mitch mcconnell. I think there is a lot to be melissa okay. Ive heard negative tone in the coverage but we havent seen the bill yet. Its expected within 24 hours, so what i think we should do is wait and see. I dont think we would be talking about this unless it had a reasonable chance of passing, and thats a win. Its a step forward in repealing and moving forward to health care reform. Melissa okay, so the one theyre voting on right now is yeah 44, nay 55 . David 45 to 55 it. Failed and everybody voted. Thats that. So you think that the skinny repeal could get done in the senate and head back over to the house . I think people at horm watching the back and forth, and theyre trying to figure out what could this look like in the end, if they do succeed in doing something. What do you think is the most likely outcome . I do think it has a chance to pass in the senate. I think congress is looking at august recess. Theyre looking at facing their constituents and having accomplished nothing. So i think what they are wanting to do is to get something done. The skinny repeal bill i think is going to be something that they can come together on. It comes over to the house. There is discussion about whether or not it would go conference or whether the house would vote on it as it is and send it to the president s desk. I dont think this bill is dead. I think we need to wait and see. I dont believe we have the full text of it yet. So dont take todays votes to mean everything is failing. Everything today was designed to fail and thats the important part to remember. Melissa yeah, this is like the get it out of your system voting thats going on today. Lauren, thank you for your insight. Appreciate it. More breaking news, paypal reporting Second Quarter results. Back to nicole, shes got the numbers now. Reporter how is everybody paying . Venmo, peertopeer, at 46 cents, earnings per share adjusted. The stock is higher, up 2. 2 , a real winner this year, up 47 . But we are seeing the addition, 6 1 2 million customer accounts added, and the Payment Transactions were up 23 . But the analysts do say that venmo is the key growth catalyst and waiting to see what deals and partnerships they would make, something theyre work on is bank of america, jpmorgan working more so people can use the credit and debit cards. It costs paypal more, if they can get the volume, this can help out rather than direct bank accounts. Theyve been working. Last but not least, this is the acquisitions and what kind of strategy will they have . Increase the european presence. Will they make a deal with square . Watch for that, back to you. Melissa i love paypal. All the kids love venmo, if you have to pay a babysitter, they only use venmo. Do you do any of these . David none at all. I pay with oldfashioned credit card. Little more information what happened in the u. S. Senate. The amendment to repeal obamacare outright failed, 5545. There were seven republican nos, Susan Collins, Shelley Moore capito, rob portman, Lamar Alexander and lisa murkowski. Surprising names in the group. A double threat, fox news reporting iran is prepared to launch a missile into space while north korea may be a lot closer to having a longrange Nuclear Missile than we thought. Melissa plus, she was one of two republican senators who voted no to proceed with the debate on health care reform, shes caught with the hot mic. Were going to weigh in on that one. The tape is amazing. The president pushing ahead on tax reform saying the middle class needs a break even if it means the wealthiest have to pay more, what does that mean . Rates are going to go up or lose deductions . Blake burman asked that question of the president at the briefing at the white house. He joins us live from the white house next. Reporter does the president believe that the wealthiest americans deserve a tax cut . Hello, this is adt, is everything ok . I could hear crackling in the walls, and my mind went totally blank. All i remember saying was, my boyfriends beating me and she took it from there. When a fire is going on, youre running around, youre not thinking clearly, so they called the Fire Department for us. And all of this occurred in four minutes or less. Within five minutes. I am absolutely grateful we all made it out safely. Its kind of one of those things you cant even. You cant even thank somebody. People you dont know actually care about you. To protect what you love, call 1800adtcares. Melissa breaking news for you, facebook shares slightly higher after hours following Second Quarter results, beating earnings and revenue. The companys efforts into video advertisements helped drive growth for its mobile and business. David meanwhile, new details on President Trumps tax plan. The president indicating he wants to give the middle class a break, but it might be on the backs of the wealthy. Blake burman at the white house. Blake, the real question is, whether rates will go up on the wealthy or whether when the president is talking about some people paying more, he means they will lose deductions, rates might go down but might end up paying more because they lose deductions. Reporter and i tried to get into it with the White House Press secretary Sarah Huckabee sanders about rates and what the president means with all of this, they didnt want to get into the specific numbers on this day. A white house official did point out the very point that you made, david, the rates if they dont go down as low as possible as once thought with the deductions and so forth, its still a moving puzzle over here that everybody is trying to figure out. The catch phrase on this day from the white house is this, pirateizing middle class tax relief. Thats what they say, press secretary Sarah Huckabee sanders said is the focus for the white house and the president going forward. Genesis of all of this was a wall street journal interview that President Trump gave just yesterday and heres what he said, quoting from the president. He said so that led me to ask sanders during the White House Press briefing the following. Does the president believe that the wealthiest americans deserve a tax cut . I think the president is looking and prioritizing middle class tax relief. Hes made no secret about that, thats one of the biggest priorities of the three things hes focused on when it comes to tax reform. Reporter sanders add of the three things that a simpler code and creating jobs are part of the focus but it could be a potential downshift in expectations as the administration said earlier this year they were looking for the, quote, biggest tax cut ever. Speaking of jobs by the way, david, a pretty big jobs announcement in about 45 minutes as the white house says this involves foxconn. The Associated Press is reporting there will be an announcement involving a plant in wisconsin. David . David lot more american jobs in that one. Blake, thank you very much. Melissa . Melissa Jonathan Hoenig and heather are back with us now. Jonathan, what do you think . Im shocked, melissa. The president had promised before the election and after some of the biggest tax cuts in american history, and from my ears it sounds not so different from his predecessor thinking the middle class and words have gotten screwed and to remedy that hes going to raise taxes on the higher and upper income earners. Melissa no. The same as obama. Melissa i predict this is a decoy. Heather, i think this is he always throws something out there at start that sends everybody i dont want to give it all away, sends everyone off track. Like when he said he was going to have the trade war with china. That was about getting north korea under control. Like when he said he wanted to eliminate deduction for state and local taxes. That was a shot the democrats that they better shut up, of course, that could hurt democrat cities that have a huge budget and get the feds to pay for it because you can deduct the local and for. The way he said it is sending everybody offbase, what do you think, heather . Yeah, i think this is more about tax reform versus tax cuts. Although he may not give tax cuts for the socalled wealthy or the highest bracket, what we want to see is tax reform where, we decrease the deductions, lower the loopholes, you get rid of all the lobbyists and you throw everything out and simplify it. I dont know if it will end up on a post card. Make it simple so the average american, me, you, can do taxes on our own and not worry about the itemized deductions and doing it right. Melissa sounds good, we gotta run, david . David pushing forward on tax reform. After the Obamacare Repeal bill failed in the senate, can republicans unite behind tax reform. Were going to talk to Chuck Fleischman with his take coming up. Fresh on the job and ready for action, what the Incoming White HouseCommunications Director has the stomach to give any leakers the boot. Fox news media analyst and mediabuzz host howard kurtz with us in a moment. R floss you may have gum problems and could be on the journey to much worse. Help stop the journey of gum disease. Try new parodontax toothpaste. You totanobodys hurt, new car. But there will still be pain. It comes when your Insurance Company says theyll only pay threequarters of what it takes to replace it. What are you supposed to do . Drive threequarters of a car . Now if you had Liberty Mutual new car replacement™, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. With Liberty Mutual new car replacement™, well replace the full value of your car. Liberty stands with you™. Liberty mutual insurance. We were in a german dance group. I wore lederhosen. So i just started poking around on ancestry. Then, i decided to have my dna tested through ancestry dna. It turns out im scottish. So, i traded in my lederhosen for a kilt. David theres a lot of action in the senate today. Senate voting on a plan by democratic senator from indiana donnelly to send the Health Care Bill back to the committee. This after the senate just rejected an amendment for straight repeal of obamacare, replacing it in two years. Seven republican senators voted no on the straight repeal, including Susan Collins, Shelley Moore capito, john mccain, interesting, rob portman, Lamar Alexander and, of course, lisa murkowski, melissa . Melissa back on camera, new White House Press secretary Sarah HuckabeeSanders Holding an oncamera press briefing moments ago, as incoming Communications DirectorAnthony Scaramucci continues cracking down on those white house leaks. There are 300 people in the west wing, so you are one in a million, you have a one in a million, once in a lifetime opportunity to serve the country and your president and you need to serve him honorably and do the right thing for him. If you cant do that, i have the stomach and the back bone to fire you, no problem. Melissa i love it. Hes doing math for us this morning. Here now is howard kurtz, Fox News Media analyst and mediabuzz post. 300 people, one in a million, i love that. I cant help myself. So what do you think of this development . We know theres already one person who has exited the white house in the wake and within the Communications Department in the wake of what may or may not have happened. What do you think . The person that left was the sean spicer guy, we shouldnt necessarily read too much into that. Anthony scaramucci acting like the chief of staff. Hes threatening to fire people over leaks. It has been an incredibly leaky white house, and i can understand great concern, the president is poorly served by the internal finger pointing that makes its way into the press. I think if he gets rid of one or two, that might send a strong message that some of this leaking has got stop. Melissa yeah, what do you think about the messageing . Has it changed other than the tweeting . I mean, beyond the tweeting . Lately the messaging is all scaramucci. Hes got a very big personality. A good sense of humor, forceful tv advocate for the president , but i think hes the one thats turned the cameras back on, as we saw today. Sarah huckabee sanders, used to be that maybe one out of every two weeks to be oncamera briefing this is when sean spicer was having difficulties. If we can attribute that to scaramucci, better for the administration to get the message out. Spares us from having to play the long boring audio segments. Thats a step forward. Melissa do you feel that the temperature has gone down just a little bit . I do feel that. Scaramucci at least is saying that he wants to deescalate the incredible level of tension between the president and the press corps. There is fault on both sides, president campaigning against fake news and journalists who sometimes get it wrong or push very sustained negative narratives about the white house. I dont know how long it will last. Maybe this is a week long honeymoon. I sense a couple of degrees its gone down. Melissa he does a good job speaking for the president , when they were talking about Jeff Sessions, look, he likes people who are tough, fighters, if you work here, stay tough. That would be the advice. Its almost the best defense you could come up with for something that everybody thinks is a really bad move. A decent way to defend it, what do you think, yeah . Anthony scaramucci, like donald trump is a businessman with no previous government experience. Thats one of the reasons trump likes his style. Melissa howard, thank you so much. You can catch mediabuzz, of course, you know this, with howard kurtz, every sunday on the fox news channel, i never miss it. David i dont either. Terrific show. Lot of questions rex tillerson, secretary of state, just asked moments ago if he was going to hold onto cabinet position, taking a short vacation at an interesting time. Listen to the response. Im not going anywhere. Reporter how long are you going stay for . As long as the president keeps me. Melissa more breaking news, meg whitman stepping down from hewlettpackards board of directors effective immediately. Company is appointing chip berg as the new board chairman. Meg whitman stepping down. David interesting. Creating jobs in america. The president s promised to do it and getting ready to make a major jobs announcement concerning a company that feeds into apple. Is he just following through on Campaign Promises . We are moments away from a speech you cant miss. Melissa a session showdown, attorney general Jeff Sessions is the target of a twitter attack from President Trump. Whats going on here . Karl rove is here with his take. Thats after the break. Melissa heres another look at the records on wall street. All three major averages closing at new highs. The dow led higher by shares of boeing, adding 144 points to the blue chips. Without it, the dow would have been in the red on the day. David interesting. Republican senator from maine, Susan Collins, and democratic senator from rhode island, jack reed, were caught on a hot mic listen to how they were slamming the president. Both she and the democrat. Listen. David of course, Susan Collins was one of seven senators who just voted against an outandout repeal of obamacare, simple repeal of obamacare. She and john mccain and others voted against it. Karl rove joins us with what it means, of course, a former deputy chief of staff to president george w. Bush and fox news contributor. Karl, simple question, why is Susan Collins a republican . Well, she votes for tax cuts. David not always. Well, she supported every Supreme Court nominee of george w. Bush and donald j. Trump, im not aware of a single david there was only one of Donald Trumps but youre right, voted in favor of it. David, let me put it another way. Im not aware of a single federal judge nominated by a republican president whom shes opposed. Look, shes from a moderate state. David okay. More moderate than most republicans. David i would call her liberal on certain issues. Look, karl, when you look how medicaid has expanded. Extraordinary, it is the largest medical expense of the United States government, now eclipsing medicare, over 70 Million People on it. Its a huge expansion. It is essentially a step on the way to socialized medicine, and shes fine with that. I think thats liberal, i dont think thats moderate. A strong disagreement on issue that. Our president has liberal views on entitlement reform. You are absolutely right. Medicaid is not only a problem for the federal government, it is absolutely eating the budgets of our state. I was having dinner with the chairman of the texas state finance Senate Committee who said when she came to the legislature it was taking up 6 of the budget, it is now 14 of the budget, pushing money aside, taking money from things like education and corrections and quality of life issues and only going to get worse. The great things that happened in the senate and house bill is we had fundamental reform of medicaid that would allow us to make this a Sustainable Program for those that really need help. David absolutely, and she and the six other republican senators are against the most minimal attempts to cut back on that explosive increase in medicaid spending. You know, tragically, a wall street journal editorialist genius just died, hes only 44. So sad, so sad. David he coined the term obamacare republicans just last week. Isnt it fair to call Susan Collins and the others obamacare republicans. Im going to wait to throw names until the end of the process. Im an optimist. I hope to get republicans who claim to be center right, on the conservative side of the spectrum to unite behind a measure that will do several things, reform medicaid and make it a Sustainable Program longterm and bend our Health Care System in the direction of more consumer choice, Consumer Power and individuals in charge. David it used to be that the Republican Party represented getting the government out of private sector in individuals lives the way obamacare has gotten it into the lives. It is to the detriment of the Republican Party. I wanted to ask you about Jeff Sessions, please come back, were going to be talking about that soon. Read my column in the wall street journal about this very topic. David its always worth reading. Thank you, karl, appreciate it. Melissa breaking news, were awaiting a big jobs announcement from President Trump. The president expected to appear with the foxconn ceo and sources say there could be an announcement on a new factory in wisconsin. Were going to take you there live just as soon as it happens. David dont want to miss that. Tax cuts for the middle class. President trump is proposing a Major Overhaul of the tax code, but could come at a little bit of a catch. Well tell you about that. Plus keeping a promise to the american people. The ongoing battle to repeal obamacare in our nations capitol. Next congressman Chuck Fleischman weighs in on the senates progress, if you can call it that. S its way into you. I hear you. When that pain makes simple errands simply unbearable. I hear you. I hear you because my dad struggled with this pain. Make sure your doctor hears you too. So folks, dont wait. Step on up. And talk to your doctor. Because you have places to go. And people who cant wait for you to get there. If you have diabetes and burning, shooting pain in your feet or hands. Step on up and talk to your doctor today. Wheres jack . Hes on holiday. What do you need . I need the temperature for pipe five. Ask the new guy. The new guy . Jack trained him. Jacks guidance would be to maintain the temperature at negative 160 degrees celsius. That doesnt sound like jack. Actually, jack would say, hey mate, just cool it to minus 160 and were set. Good on ya. Oh yeah. Thats jack. Good ya. Whoa thats amazing. Hey, im the internet i know a bunch of people who would love that. The internet loves what youre doing. So build a better website in under an hour with. Gocentral from godaddy. Type in your idea. Select from designs tailored just for you and publish your site with just a few clickseven from your. Mobile phone. The internet is waiting start for free today at godaddy. Im the one clocking in. When youre clocking out. Sensing your every move and automatically adjusting to help you stay effortlessly comfortable. There. I can even warm these to help you fall asleep faster. Does your bed do that . Oh. I dont actually talk. Though im smart enough to. Im the new sleep number 360 smart bed. Lets meet at a sleep number store. Melissa breaking news right now, shares of Buffalo Wild Wings tanking nearly 10 following a major secondquarter earnings miss. Samestore sales at Company Owned restaurants fell 10. 2 . Wow, look at that. David the obamacare straight repeal proposal falling short of the 51 votes to pass. What now . Here now is congressman Chuck Fleischmann, a republican from tennessee. First of all, the fact that seven republican senators voted against a straight repeal. Ill ask you the same question i just asked karl rove, what makes these folks republicans . Well, let me say this, we have a great nation. I represent a part of the nation that is solidly conservative. I was very proud to vote for the house bill that did reform medicaid and put in some of the reforms that were critically necessary to not only repeal and replace it with something that was actually workable. There are different parts of the country that unfortunately are much more moderate or liberal in their tone, and i think were seeing that reflected in some of the senators votes. David i understand that, with republicans, shouldnt there a basic belief government should play a limited role in our lives and private sector . Absolutely, i couldnt agree with you more, and most importantly, when theres a Government Program like obamacare thats an abysmal failure from the beginning and as its continued on, at some point in time, whether you are republican or democrat, failure is failure. Its got to be repealed and replaced. David talk about tax reform, and frankly, im wary whether theyre going to get something done because of the failure in health care. President told the wall street journal we could put up the quote, the people i care most about are the middle income people in the country, thats fine. He says they have gotten screwed, which i think is true. If there is upregard revision on taxes, its going to be on the highincome people. The question is what he meant by upward revision. I can understand if tax rates come down and get rid of deductions, rich people could end up paying more. Thats fine, the way it should be in simplification. If hes talking about raising the tax rates of the upper class, that could be disastrous, what would you think . It would be disastrous. Ive ascribed to what jack kennedy had, Ronald Reagan had and what we have today. If you reduce taxes, the treasury gets more money. I want to create incentives for americans to go out and work and prosper and well actually see more growth in the country. Weve got to make america wealthy again, in order it make it wealthy again, we have to remove burdensome taxes and regulations and the administration and congress is willing to do so. David so when the president says upward revision, are you certain that hes not talking about raising tax rates. Hes talking about getting rid of deductions . Going to see the president tomorrow. David i hope do you ask him and let us know how he answers, because if it means raising tax rates, that could kill any economic progress. Youre absolutely right. Let me make a steadfast comment, the house of representatives does not want to raise taxes, reduce taxes on hard working americans, weve got to get Corporate Tax rate down, its the highest in the developed world. It is destroying our chance to get companies to base themselves here. David thats corporations, as you know a lot of Small Businesses pay taxes on individual rates and a lot of the people may look like theyre making a million books but putting 950,000 back into their business, so in the end of the day, not make much. Shouldnt be taxed at 40 or more. Congressman fleischmann, wish you luck meeting with the president. Let us know what happens. Thank you. Melissa threats from two different enemies, iran and north korea raising the alarm for foreign intelligence officials. Next well talk to fox news strategic analyst ralph peters how the u. S. Can prepare for the worstcase scenario . Buttrust angies list to help. , [ barks ] visit angieslist. Com today. And youre about in to hit send all on some embarrassing gas. Hey, you bought gasx® unlike antacids, gasx ® relieves pressure and bloating fast. Huh, crisis averted. Wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Melissa aggressive activity from iran and north korea. The u. S. Intelligence community is warning about an impending rocket launch from iran into space, as north korea readies another missile test that could reach u. S. Society. Here now is ralph peters, fox news strategic analyst. Thank you for joining us. Hi, melissa. Melissa first, what do you make of the test out of iran . The missile that can go into space teaches you how to make an intercontinental ballistic missile. Its an icbm masquerading as pseudosatellite launch. It matters, and marries by the way, melissa, that iran has missile technicians helping the north koreans develop their missiles. Melissa yeah, what do you think . How does the white house respond to this appropriately . The core problem is no mrlgz has responded for the last quarter century. All carrot for north korea, no stick. And now were in a corner, and its really, really tough, and basically, north Korean Nuclear and Missile Program duo goes forward, i see three options and theyre all ugly. One is do nothing, subject ourselves to nuclear blackmail or Nuclear Strike from north korea. Two, aggressive action to take out the north korean leadership on a broad basis. Thats probably the best, least, bloody but still bloody hope. The third is wait until were in a war with north korea which would be an ugly, bloody mess with if there were only tens of thousands dead, wed get off cheaply. This is what happens when you lead from behind, when do you nothing about a threat and pass it onto the next president. Melissa well, they passed it onto someone who seems like has the will to do something against it, about it, you see the sanctions that are coming into effect right now if the president signs off on them, is it a step in the right direction . Something . Step in the right direction, certainly. But the problem has gotten to such a severe point, that the sanctions will annoy north korea, they will not stop north korea, and by the way, we absolutely need to be over the myth that china will help us, china regards north korea as a valuable ally in peace and war. And so we need to be prepared for all eventualities and the authorities in hawaii and honolulu planning Civil Defense drills and warning sirens, thats not hysteria because honolulu above all, thats the key to our whole pacific strategy, that would be a target. Melissa absolutely, ralph peters, thank you for your time, appreciate it. David scary stuff. Deal maker in chief is getting ready to deliver another deal for the American Worker just moments from now. President trump is expected to make a major announcement on on jobs. Were covering it. Stay with us. Ve a ford f150. Michael ive always been a ford guy. Potsch then i have a real treat for you today. Michael awesome. Potsch im going to show you a next generation pickup. Michael lets do this. Potsch this new truck now has a cornerstep built right into the bumper. Gary super cool. Potsch the bed is made of highstrength steel, which is less susceptible to punctures than aluminum. Jim aluminum is great for a lot of things, but maybe not the bed of a truck. Potsch and best of all, this new truck is actually gary all laughing oh my. Potsch the current chevy silverado. Gary im speechless. Gary this puts my ford truck to shame. James ill tell you, i might be a chevy guy now. laughing the toothpaste that helps new parodontax. Prevent bleeding gums. If you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. Help stop the journey of gum disease. Try new parodontax toothpaste. St. I wanted to know where my family came from. I did my ancestrydna. The most shocking result was that im 26 native american. I had no idea. Its opened up a whole new world for me. Melissa were moments from major Job Announcement from President Trump, sources telling fox business. That a world leader in Manufacturing Products will build a new factory in wis. David they are a source for apple, they are expecting to create 10,000 jobs and bridge billions of dollar to investment in u. S. Bring a lot of iphone to america. Melissa huge. That is it for us, risk reward starts right now. Every president on mount rus rushmore believed in protecting american industry. We have to protect our industry. Now were going to start. Were reclaiming our heritage as a manufacturing nation again. Manufacturing enthusiasm is the United States is at an alltime high. Because were going to bring back our jobs, bring back our wealth. Were going to bring back our dreams, were going to bring back once again our sovereign dia diaz