Well get into that with senator round in just a second in order to advance the ball a little bit on tax cuts. Separately we have been following this other scenario from janet yellen kind of single hand he hadly propelled this market forward. If you think about it, the fed brought us a long bull market. Given added boom by donald trump. She seems to give indication in capitol hill testimony, the rate hikes people are fearing, might not be that much more of them if any. Maybe dovish Federal Reserve conducive to keeping rates where they are, not a sharp spike in those rates. They could be wrong. In and out of record territory as we speak. Meantime we were telling you a little bit yesterday how the house seems to be swallowing a little bit what the senate is cooking up when its comes to the health care rework, one that will keep some key taxes in place. Want you to take peek at this. One of the plans senate is cooking up, keeping 3. 8 surtax on upper income and 9. 5 1 2 surtax for upper income in medicare in place. What do you think . I want to say this. We want to look at the context, neil. Here is what we have the back side, even if you left that in on potential repeal and replacement, we have tax reform on the back side of that. Lower taxes stimulate the economy. Neil you would be open to that as part of a means to getting to the tax things . The devil is in the detail. Our official position is to repeal all the taxes. At the same time i want to make sure before i weigh in on anything i look at both the tradeoffs. Neil early senator who is looking at this not only got his way getting the Senate Republican leader to keep the lights on and doors open through at least the first half of august, but south Dakota Republican senator mike rounds also appears to be open to that very idea of a 3. 8 tax, largely on upper income, that would stay in effect. In other words, not all the taxes associated with socalled obamacare would be rescinded, but there is a method to that, not only to try to strike a deal eventually to get this thing done and out but to move forward on a couple of things that would be advantageous. That opens up a lot of money, better than 230 billion worth over the next 10 years. You can do a lot with that. Doesnt senator mike rounds know it. Senator, thank you. Appreciate the opportunity. Neil talk how you were able to influence Mitch Mcconnell to keep the lies on, keep the doors open . Well there is a group of us, 10 of us sent a letter to the leader. We did it because we were pretty sure that the leader really did understand the need to stay in for a little bit longer. We have been in a series of delays here in the senate. If we could add ten days to the work period, that means we get more stuff done. I think leader wanted to do it, this was our way sending a very clear message we would support him in this plan. It is not popular to stay here. A lot of people want to get back in state. They want want to be back in thr home state. At same time folks were talking to, when we get back and do pa rates and do coffees, look, we want results. You may not individual perfect. We want you to get something done. We didnt send you there to keep the status quo. We sent you there to fix things. If it means spending more time in the middle of august, that is what weve got to do. Neil Rapid City Journal commentator said of you senator, when you looked at this, obviously got your way keeping the lights on but also on this surtax on the wealthy, to keep that going for a while, this idea of apparently was among, you were early converts to that, that senator rounds shows some welcome independence, i think im quoting that correctly. But you know conservatives in the house will come back at you, sir, anything the media likes, maybe we conservatives should not. What do you say to that . That theyre concerned that you senators are giving up your zeal for tax cuts keeping big ones in place . What we know there isc a cot to obamacare. Were not out of those costs yet. We have to recognize those costs. If we dont take care of it, and help the American Public they will end up with higher premiums. They cant afford that right now. This is obamacare hangover we have neil what does that buy you, senator . I know this means extra 200 to 230,000,000. 10 years and keep that and medicare surtax largely on the wealthy, does that buy you more votes or potential votes among some of your colleagues, maybe yourself included, concerned about medicaid cuts and the rest . More importantly than buying votes, it give us tools to continue tax subsidies for folks who would see extremely high premiums because of what obamacare put in place without any means to pay for it. What this does, it gives us one more tool to transition out of obamacare. I know there are folks like it repealed, if you do that, remember all the protections in place through state laws and were repealed by obamacare. If you repeal it and dont address it with changes in market conduct reforms, then basically you have a nofrills plan which preexisting conditions could apply people to be dropped once again and so forth. We want to take the best out of obamacare because a lot of states had protections against the loss of preexisting conditions before obamacare ever came in. We want to take the best of that, and incorporate it to make it a better product than what they have got today and we think we can do that but you have got to have the resources to transition out of obamacare and back into a competitive market again. We know neil i know your views on the subject, but your colleague rand paul says this still ends up being obamacare light. You heard all the critics from largely conservative Community Say when you compromise on these taxes youre going to compromise on the next wave, that is the tax plan to come . For example, on upper income, do you believe the upper income should get a tax cut . I think everybody should get a tax cut but i would like to see it across the board. My proposal on tax cuts is different than reforming health care. We need to keepp them separate. So in this particular case we have a cost involved with obamacare that we have to recognize. We have to transition out. And i respect senator paul. I understand he would like to have this be as god as it can be. Thats what we all want but we also understand if we were to simply cut obamacare right now and walkway a, say there, we repealed it, well leave a whole lot of people that get hurt, that have no place to go to help cake care of their health care needs. We cant do that so we have to help them pay for it. Neil i understand. I apologize. Do you feel criticism will be whatever republicans come up with, this does advance the ball to your point, i talked to mark meadows runs House Freedom caucus who was open to the idea in tradeoff getting comprehensive tax reform done later in the summer but this shows republicans have not torpedoed obamacare, they just replaced sitting smaller but still substantial governmentrun health care . Lets get away from rhetoric to helping real people. What they want is access to health care, Affordable Health care, that is what they care about, they want us to do things to fix the mess weve got right now. Obamacare is failing under its own weight. We cant simply walk in and say its gone because without a transition, people will get hurt. So, once again, pragmatically well do what is right for the people of the united states. And that means protecting them against the loss of protections against preexisting conditions. Neil all right. When it comes to medicaid this, is the first major reform effort on medicaid since its inception. Were moving in the right direction. Well make it sustainable for another generation. So i feel there is some real benefits in the proposal right now. I just think we can make it better with a few more tweaks. Neil that with these tweaks, that you will be able to pass something, maybe as soon as next week, the week after . I hope so. That is what i want to see. I know that is what leadership wants. I think we can make it better than what it is today. Remember, we havent seen a wraparound the leadership has laid out. They have given us a broad overview of it. I like what they had for recommendations. Havent seen it in writing yet. Well get to read that bill again. Were actual reading bills before we pass them. That is a major change for congress. But what were doing is, were learning where we can make things better. As long as we have an open amendment process, im convinced as we learn about the changes that are there, we will tweak it. Well make it better than original provisions. Neil would i be remiss donald trump, jr. , flap over meeting with a volusia shun, whatever you think of what he did is going to be a summerlong distraction, might even get in the way of what you want to do on all this other stuff . Well, we want want to be prac in that respect too. Well come party mentallize thec issues. It is important to American Public. We recognize russia was trying to influence elections, we recognized that, but we set it up that the Senate Intelligence committee is taking a lead role. Well let them do their work. Meantime we will focus on health care. Well focus on getting armed services, National Defense authorization act through. Well focus on tax reform. By the way, i think there will be some real opportunities for legitimate tax reform coming through before the end of the year. Im optimistic by that. Neil you werent angered by these developments . Whatever you think of the whole back and forth with russia and Everything Else, that maybe donald trump, jr. , maybe unwittingly made a crisis for you guys . I see some inexperience in terms ever running political campaigns. That is a part of it. Folks wanted a new president. They want ad president without a lot of government experience. They wanted him to come in and shake things up. They also wanted him to be successful. If we want this president to be successful, we have to focus on our part of the job. He wants tax reform. He wants to do an infrastructure bill. These are things we want to do as well. Well focus on our part of it. Well let them deal with fallout of most recent discussions. Neil anything impeachable here to you, when you heard all the other stuff . No, no. This is, this is just a case once again well come back into it. Well talk about what happens during a campaign. Neil okay. Could it have been handled better . Of course. Hindsight is always better than middle of a campaign. Neil always good seeing you, senator mike rounds, beautiful state of south dakota. You hard what the senator is saying here, an idea to maybe barter and trade with his colleagues in the house. We heard from a number of key house players, including the guy that runs thes who freedom caucus, open to an idea keeping taxes on upper income, part of obamacare, the Affordable Care act. Im talking specifically the 3. 8 surcharge on Investment Income for those earning 200,000, couples earning 250,000 or better, and keeping that roughly 1 surtax, that medicare surtax in place for the same group. Reaction now from independent womens forum carrie lucas, and former bush 43 special assistant ron christie. Carrie, the argument the senator is raising others raised as well, hike a tax to keep a tax. Hike a tax to keep one in place that will benefit and keep this health care thing going be maybe help get more votes. And pave the way for deal on taxes. Doable . I really respect theyre trying to find a way to make this happen, to make progress in terms of repealing obamacare. This isnt easy. Not easy to fix our health care system. Just not like not easy to fix our tax system. I think American People, particularly conservatives, we have to accept that were not going to get everything we want this one time. We need to take a bite at apple. Hope for another bite at the apple down the road, get the best deal we can now. Frustrating to hear about tax cuts that arent going to happen or repeals that might not take place this time. But we need to start moving in the right direction and get this process going. Neil ron, what worries me, if youre a big tax cut enthusiast, i understand bartering that goes on back and forth, Ronald Reagan bargained things in his tax package in 86, willingness without getting in negotiations, negotiate away for example, a 15 corporate tax. Were told more like 20 to 25 before they even sat down, rescind the house cut in all obamacare related taxes, now two big ones largely stay for upper income, that theyre giving ground on those issues. What do you think . Neil, that is right. Looks like the republicans are negotiating against themselves frankly. A game of whackamole. You will keep the upper end tax hikes in place in order to pay about 230 billion over 10 years, 240, for an increase of course for medicaid expansion, for some of the opiate programs that people like rob portman and other people want to keep in place. Neil we should stress, on top of extra money provided by having smaller deficits with the senate plan that was out there, so they had couple hundred bill, versus the house plan. Now a couple hundred billion in the tax plan. They have half a trillion dollars to play with right now, seems like theyre giving it away. Precisely. Giving it away before they negotiate. Democrats will not vote for this. You have 42 republican senators that you have to keep in line. Seems to my, neil, half a trillion dollars on table, and republicans already making concessions not looking at tax cuts, not looking to stimulate the economy here, not keeping their promise repealing some onerous provisions seems were not actually negotiating from a good position of strength right now. Neil i apologize, breaking news. Thank you for your input on this were following it closely. Were also following confirmation hearings of President Trumps fbi pick chris wray on capitol hill. He is asked a lot of questions what he would do with oneonone meetings with president of the united states. He was asked whetherc he had bn sort of sworn to any loyalty, but the president of the united states, he said no one asked me for any loyalty oath. That is his way of saying im my own man. Well have more after this. ,. Your Insurance Company 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. Neil President Trump defending his son after emails on russian meeting. Blake burman with latest from the white house. Tweet very quiet reaction, huh . Reporter neil, there was relative silence from the white oust on this one. They put out a statement from the president on donald trump, jr. Even that was some 13 words total. However its a new day. The president was tweeting this morning in which he called the russia storyline once again a political witchhunt. And he tweeted out this morning he feels he is the victim of a double standard here. Well read to you a couple of tweets from the president on this day. One of them he quoted from the wash on times which said i quote here, democrats have willfully used moscow disinformation to influence the president ial election against donald trump. And then about an hour later after that, he followed up with quote, why arent the same standards placed on the democrats . Look what Hillary Clinton may have gotten away with. Disgraceful. However, democrats and even many republicans here in washington question what might come next. One of the real big questions, how many other meetings took place . Were there any other meetings . Was this beginning after quid pro quo . A change in the republican platform to take out issues pertaining to crimea. Reporter now among the tweets from the president today, there was this one earlier this morning which he said quoting again, the white house is functioning perfectly. Focused on health care, tax cuts, reform and many other things. I have very little time for watching tv. However, neil, i was just listening to interview with the representative or senator that you were talking with a little while ago. That is the question here in washington as many republicans openly and readily admit that some of the distractions that are coming out of 1600 pennsylvania avenue might have an impact about a mile down the road at the capitol as they try to move forward on issues like health care, on issues like tax, the budget and so forth. Neil . Neil blake, thank you very, very much, blake burman. Former Justice Department official tom dupree said as things stand right now, awkward though this whole meeting had to be and the sons zeal to have it, there is no smoking gun going on here. Tom, your argument is just that, right . Doesnt zoom to be anything untoward, maybe a little bit bad optics but leave it at that . I dont think it is a smoking gun, neil. Look, there is no question this is a meeting that never should have happened. I think it was a terrible idea to get involved in the shadowy world of russian espionage and that sort of thing look at from legal perspective do i think the evidence we know and understand it today amounts to a federal crime, i dont. I dont think we crossed that line. As we know, there could be more to come. That has to be the concern of the white house, if it ends here that is one thing. If this will be a situation where day after day, week after week, we have sequential disclosures, i think that is really going to be a killer. Neil im old enough to remember i guess the whole watergate thing, im not comparing the two at all, tom, please indulge me here, only thing i will say, what undid it for Richard Nixon, this notion, wait a minute, you said this didnt happen and fear of a coverup, and outright lying, not so much the incident itself but lying about it. Im not equating the two, donald trump, jr. , said he never had any meeting with any russians, now we come to find out in the email exchange, you know, that he not only did, but he arranged it . Absolutely. It is immensely disappoints. Sort of thing when you find out what happened, you know, his telling at least 20minute meeting, look if that is really all it was, there was actually no exchange of information, would couldnt they put this on the table months ago . Neil right. We could be well beyond it. Because of their initial reluctance to be transparent and forthcoming that is why where we are today. Neil it came to light because Jared Kushner was getting ready for his testimony. This came up. This was revealed. New york times had it leaked by someone there. So the problem seems to be eminating from the white house. Someone is leaking stuff, right . I think someone is leaking stuff. Im not entirely sure it is the white house. But from someone with access to the emails. That is forcing events. If im in the white house i have to operate under the assumption, bob mueller has this information or going to get this information and media will be one step behind mueller if that. And for that, reason you got to be transparent. Im glad that donald, jr. , released the emails. All i can say if there is more like it, lets get it out there now. Neil that is what happened. This was released under great duress. He knew the New York Times would release it. What i wonder to my original point when you have to swallow stuff that you said didnt happen, happened, people are starting to dig around and say, what else might you have misled us on . Again to your point, nothing necessarily criminal here but, mighty distractions nevertheless, right . Shoe absolutely. Absolutely. The white house is in defensive reactive mode being driven by these leaks and events. What they need to do be very transparent about russia, get it out there and they can be aggressive,ing a agressive baseball as opposed to responding day after day drumbeat of these leaks. Neil you say get it all out there, come to discover there were other such meetings with maybe other such russian officials, some prominent, maybe some not, certainly not going to look good, might not necessarily be collusion to your point but certainly a stream of material and evidence that doesnt make americans feel copastetic. That is absolutely right, neil. It would be extremely disappointing. If im in the white house it is better to be the person get out there now as opposed dragged out by mueller and the media. Be transparent here. Neil tom, wellsaid. Tom dupree, former Justice Department official. All around smart man. Stocks in and out of record territory, a little bit below it. A lot fueled not by these developments politicalwise who knew what and said what to whom regarding russia, whether they were more actively involved in the campaign than we were led to believe but by janet yellen, ironically. She is saving the day. The fed head telling a congressional committee, these rate hikes that a lot of people seem to be baking into the cake, there might not be as many as you think. Im paraphrasing here. Maybe one and done. That seems to be a prevailing view anyway. The fact she more or less confirmed that, leaves a lot of folks at corner of wall and broad who still love their goodies, Interest Rates low, taxes even lower. Well have more. Neil all right. We are also keeping an eye on not only on President Trump but his Vice President pence who is trying to keep his distance from all this drama surrounding donald trump, jr. He has been courting a lot of big donors. Of course they turn out in droves to see him. The Vice President , this is coming from his own people, the Vice President was not aware of this meeting, referring to the donald trump, jr. , meeting with that russian operative. He is not focused on stories about the campaign, particularly stories before even joined the ticket. Daily caller editorinchief vince colin nays, that is legitimate reason why you can separate yourself from this. You werent even around at the time of the campaign, huh. Before he joined the campaign. That is big indicator, a lot of headlines looked at that, whoa , mike pence distancing himself from president of the united states. Neil i was thinking what Donald Trumps reaction would have been just that, right . Not excited to see his Vice President doing that at all. I imagine this is obviously speculation, but the speculation led to a lot of tongues wagging in washington. Rumor mill is at full speed right now especially relates to mike pence. Vice president pence is seen as team player. For instance he is in kentucky today, pitching health care overhaul. But still the idea he launched a pac, that he has done some hiring. That he is courting various donors and having private meetings with senators, Vice President s office explained it away he is working to advance the trump agenda but meanwhile neil he has been a very loyal Vice President. He could argue this statement came courtesy of his press secretary mark later. It was still a written statement, right . There is reality, when you get lawyers involved, they will often say things a little different than the way you say them. Ultimately the Vice President s responsibility to be, to endorse the statements that come out of his office. Neil right. As a result, this statement, the idea, hey, this was before i joined the campaign, it is a clear signal he is trying to create some space here. Also shows the difference between the trumps and mike pence, the trumps are political neophytes. They come into this world and run roughshod over the rules. Mike pence reacts in political way. He has a long career in politics. He knows how to navigate these things in a safe way for himself. Neil what he is saying is technically accurate. He wasnt there at the time. He is stating the obvious. I was thinking, as you, vince, donald trump, the man, you know, unabashed loyalty, even though the Vice President virtually on every occasion everywhere sung the president s praises, some to the point sounding almost sycophantish, he did not here and a case the president might remember more. In a white house seems to be full of various leaks, reality that the mike pence leaks not really amounted to much, other than what we observe publicly. In this case he created some distance but he purchased a lot of goodwill with the president of the united states. If this is counting as strike against him, it will be a small hash mark. He has to put a few more in before the editors ire is raised. Neil i could see him putting a few more in, getting a little bit of distance, getting ready for that. If youre President Trump to take this to the extreme, this could be a crisis, were nowhere near that i want to stress, you want to maintain good relations with number two. Vice president by and large unless otherwise president s orders, to keep his head down. There wont be anymore so during the russian investigation. Who in the Trump Administration wants to be within the proximity of this thing. The Vice President will coop as much distance from it as possible. Clearly this is another example of that. When he is quiet i dont think we should ultimately read that rejecting trump. He is staying to the side because trump is a big personality. There shouldnt be a lot of other people on the stage. Neil you dont want to be tweeted about. Not at all. Neil vince, thank you very much. My pleasure. Neil speaking of the Vice President , he will speak in kentucky at 4 00 p. M. Eastern time. We will follow that, impact of what he has to say and do. People are watching a lot more closely given some fallout from this. That is happening on your world, fox news 4 00 p. M. Eastern time. Meanwhile investors are worried about everything that is going on here and this potential constitutional crisis. I get in very, very early. I watch all the news channels, all the business channels, our own included, and my gosh, when i was in really, really early it almost made me throw up my breakfast. It was a Healthy Breakfast by the way. I am looking at it, you would think it is watergate on steroids. Im looking at markets, theyre up, up a lot. Is there something were not piecing together . Well try, after this. Neil all right, chris wray, the confirmation hearings for the president s choice to head up the fbi. Theyre on a break right now on the right of the screen. Janet yellen is on the lefthand side. She is being questioned by those on capitol hill by what her plans might be. The fed head seemed to indicate rate hikes might be slow in coming, if at all. The Federal Reserve might not need to hike rates much more. She used the term much more. I dont know what much more means. There is not a lot more. That is my quick impression. Im no expert but i read a prompter, dreamily well. Meantime, well hear tomorrow apparently earlier than expected, the senate, all the republicans there, this is move to revamp obamacare, Affordable Care act, amendments up to 100 of them, tomorrow 11 30 eastern time. You heard that south dakota senator rounds that they are open to keeping some taxes in obamacare, including those on upper income. 3. 8 investments and couples 250 grand and 9. 5 hike on medicare taxes for that same august group. Two are here to express wild eyed support. Scott martin, former Goldman Sachs senior partner, bestselling author, peter keirnen. Peter, what do you think the health care thing is going, the fact theyre trying to get this done hook or crook. Theyre trying very hard. 42 votes they can give them generously. There is a lot of wood to chop. Im not sure some of the proposed amendments to opioid will help or cruz amendment, getting all tax cuts left alone, im not sure that will make it. Neil really . We need 50 votes. Vice president being the tie breaker. Is it your sense that theyre not going to getting near that even with all these allowances to keep medicaid alive . They have half a trillion dollars to play with right now to negotiate. Neil they do. I would never rule it out but 42, what i listen to paul, murkowski, they are not people ready to bend over, they say we want pretty significant change and amendments. Neil what peter is referring to of course is the savings they get, extra savings senators argue they will get versus the house plan. Now added savings, extra roughly 230 billion if you keep the key taxes, that 3. 8 and. 9 of a percent but keeping taxes. Isnt that amazing though. Half a trillion to play with and there still might be doubt, this thing might blow away. That is scary to me. Think about the markets, neil, what the markets look at going into the august recess, certainly end of the year and midterms which are now, what a year and change away . Neil yeah. Suddenly maybe we dont get the Health Care Plan done . We have tax reform. We have repatriation, maybe more Regulatory Reform behind this . That is scary from the standpoints of the market,. Neil i dont like the process, seeing how the sausage is made being being a vegetarian. It might be a smaller omnibus Government Program but clears the deck for tax cuts. What do you think . I think clearing the air is great idea. I really believe they should have led with tax cuts. Neil too late for that. Too late for that. What i would say to any republican compromise, get tax relief. If you dont get broad gauged tax reform get some relief. Neil mark meadows runs House Freedom caucus, i can accept, he is mr. Antitax, but if its a means to an end getting tax cuts or tax reform im, ill do it . I think there is a lot more joy than im feeling around the tax reform effort than i am on health care. Neil really. What i would say is, by the way, one hand, health care you seem to take something away from somebody, and on tax you give something to them. If you focus on, dont be so heroic. You dont have to be whommer. Get some good solid tax benefits passed along to middle class. People will remember. Neil youre not talking about homer of the simpsons . Homer neil all right. Tax break, as far as democrats concerned giving something to somebody . I heard so much rhetoric to, this will cost us so much did not in the future we cant do it. That is what worries me. We thought health care would be easy thing. At least donald trump did, at least on campaign trail, that was day one repeal and replace. Here we are in july, not happening looks like. Is the tax reform bill is it that simple . Does it go over that easy, peter with respect to saying hey congress will come together on this thing because this is the layup . Neil do you think any stuff developing right now on capitol hill, were watching a little bit of chris wray, the fbi pick for donald trump, already Dianne Feinstein indicated she is pretty liberal democrat she would support him, she would vote for him. Having said that, that all other theater around this, whether there is more collusion or whether there is constitutional crisis, you heard it all, that gets in way of all of this . I dont think so. I dont think stock market is effective managing a son who makes a bad judgment in earlier part of the campaign. I dont think they have a way to put a multiple on that. Neil when does the stock market start feeing this fearing this . With watergate we didnt imagine the things to come. Im not comparing it to all the people but do you think that would be an issue and what would do it . I think this kind of procession of falling, falling feet, that every time another shoe drops, i think we really create a problem of credibility. I think the market neil administration has credibility . Yes. Im afraid that is the one thing that could be a lingering shadow but there are four or five things driving the markets. Earnings, the tech growth, the growth in europe, and yes, an accommodative fed or neil isnt all that factored into a generous market already . You said something great, peter, accommodative fed. President trump has ally assails every chance he gets. Janet yellen. Neil what she said today, probably more influential for mark competentes. Yes. Neil one hearing getting more market buzz, that im essentially done hiking rates . I couldnt believe it. And the Balance Sheet unwinding will take forever. You saw in last commentary fed minutes, some are talking about not unwinding the Balance Sheet of trillions of dollars. Neil 4. 5 trillion. You have a different i wouldnt believe it. Frankly what she said, ive been reading fed speak since 1975, that the is first time i had to interpret this. She said premature. She didnt say were not going to do it. Neil burst our bubble, buddy. I hate to do it. I think this is temporary relief. This is analgesic that will get us over a few days. For the fed to be center stage right now makes no sense. They are the real prop for a lot of asset values today and theyre going to have to do something with the 4 trillion Balance Sheet. They have to. Neil will do it but very slowly. Very slowly. Look at Interest Rates today, down. Market rallying 100 points on the dow, Interest Rates are falling. Neil you say this is short lived . I do. One of the things about inflation you have to know where to look. I dont think the jobs report does a good job he reflecting true inflation. People look at with holding taxes going up meaningfully. There may be Wage Inflation baked in there. Go to any city in the country, cranes everywhere, growth everywhere. I dont believe 2 . I think it is greater than that. I think inflation baked into the our economy will take a little while longer to evidence itself. You will see the fed start doing hawkish stuff. Neil im not even if they get hawkish, make you feel a little better, even if they get hawkish, rates are going 3 or 4 . That is pretty low. Neil meantime, the hearings for chris wray have resumed right now. But looking good for him. When a top democrat like Dianne Feinstein says you know what, i will support him, that is greasing the skids for him to be the next fbi director. Well have more after this. Possible. Not going to happen . No. You are not going to make a move for it . No. Not even to take over . Thank you. Neil wow, that was verizon ceo telling fbn he has no intention buying disney. Fairly unequivocal. Charlie gasparino breaking news at sun valley conference in idaho, he and his incredible producers, two dynamos, you do not want to ignore them when they throw questions at you. That was fairly direct, to the point. What did you make of that. I make it of this, by the way, brian schwartz, my producer, thats with his get, very good get this morning. Neil, this is deal makers paradise, particularly because telecom and the internet and tech is rife with deal making right now, particularly as it pertains to distribution and content. So verizon may not buy disney. Obviously the ceo told you he is not interested. Maybe he doesnt have the currency. But all these companies are looking to do deals. If it is not disney, it will be something else. I will say this. Disney, on the other hand, that is the real question, for the ceo bob iger, are in play right now . That is what everybody is talking about. They have content. They dont have distribution. There are content, one of the most historic brands in the world is the disney brand. It controls not just disney but as you know, espn, which despite its recent financial problems still has amazing brand in sports. This is a company with a lot of branding and it needs a distribution outlet and verizon could be one distribution outlet. You know, two years ago, right before i got thrown out of this conference, im sure you remember that, neil . Neil i sure do. That little incident, right before that i was speaking to a great investment banker, named jimmy lee. Passed away not too long after we spoke. Jimmy does, did all the deals. He told me this. Look in the future, the future is not just going to be at ttime warner where at t has distribution through cable or whatever. It could be tech or google. Could be apple. All these companies are looking for content and that puts companies, and he said time warner was definitely in play. Before i got thrown out i just want you to know, i moved stock of time warner saying they were in play. Disney in the same way is in play. Company has to be big enough to buy it. If you look at market cap of apple or google they have got cash. They could do a deal. Neil could do that outofpocket change on their couch. Absolutely. Neil i notice iger is not there. His top lieutenants are. Are we to read anything into that . Right, you know, it could mean that he is dealing with a banker at home on a deal. Or it could mean that he had a conflict and he didnt feel like showing up this year. It is kind of odd he is not here. Usually, what is good about this thing, this confab, it is Allen Company confab, ceos are here. Our ceo presumably will be here rupert murdoch. So that is why it is good. The bad part about it, there is so much security. Neil did murdoch avoid you . I heard he doesnt want to be anywhere near you, is that true . You know you will have to ask him. Usually everybody, that usually avoids me. So you know, why should that be any different . You avoid me sometimes. Neil all the time. You should ask him, if you dont get it you should demand. Gary cohn, this rumor he might be up for the janet yellen job . I cant believe that, really . I mean here is what i do know. I know he is expressed interest in it. People that know him say he wants, would like to be fed chairman, chairman of the fed. Here are the negatives. Listen, gary cohn is smart, ambitious, tough guy. That is good. Why he almost ran goldman saks. Remember he worked at Goldman Sachs, not a positive given all the stuff during the financial crisis. Democrat has supported barack obama during first term. By the way he is not an economist. Thats it. Neil all right, fine. Back away a little from the traffic. Im worried about you, buddy. I cant go over there. Neil more after this. Of the the. Think again. This is the new new york. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov. Is not just something you can see or touch. Home. Is a feeling. Its the place where you feel safe to have those little moments that mean everything. At adt, we believe that feeling should always be there. Whether its at your house, or your business, we help keep you safe. So you can have those moments that make you feel at home. You are loved wherever you are. You on a perfect car,rch then smash it into a tree. Your Insurance Company raises your rates. Maybe you shouldve done more research on them. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Liberty mutual insurance. Neil all right, let the deluge begin tomorrow. Tomorrow morning the Senate Republicans will have the Health Care Measure route. This will be the wave of amendments. There could be more than 100 including everything from what you provide on medicaid and different plans and different folks, one size fits all approach to this. The price proposed voted up, voted down, including keeping a lot of the taxes paid by the wealthy on the welltodo investments. Those with 200,000 a year as well as the nearly 1 medicare imposed on the same group. That was something republican senators were kicking around. The senator around the south dakota who is open to that idea, liked the idea. Lo and behold, mark meadows, the conservative caucus saying that he too would be open to such a thing. Take a listen. Even if you let that in for repeal in replacement, weve got a tax reform on the backside of that. We know lower taxes stimulate the economy. Part of the means of getting a tax cut. The devil is in the detail. Our official position is to repeal all the taxes appeared at the same time, i want to make sure before i weigh in on anything that i look at both the tradeoff. Neil thats a big deal, folks. Back i rent the House Freedom caucus, very conservative. Congressman, we are big on keeping any tax hike, let alone entertaining as part of the deal to get tax cuts. If that is a means to an end, getting tax reform done by getting this thing done, so be it, he would be open to it. I wonder if that was shared by Thomas Massey who joins us now. Good to have you. How do you feel about this . It is not the taxes that ruined our health care system. Its the mandates, subsidies and bailout that we want to get rid of the most feared taxes are bad and the obamacare taxes are bad. Frankly, that is now what is ruining our health care right now. Of the deal came out of the senate that calls for at least those taxes and you can correct me, sir, over half the taxes that fund miss. That is the 3. 8 surcharge on the wealthy for medicare. You would reject that. Let me tell you what the senate is trying to do now. They are trying to pass another version. Look, i want to go out on a limb and say theres a lot of things i would vote for as long as they introduce freemarket principles back into our health care system. They are gone and that is what is destroying our health care. Let me ask you where all this is going. I think what i was getting from your colleague is that something is better than nothing. Im trivializing enough to say that he doesnt love everything they are coming up with, but wants to get out of the way because anything is better than what we have now so we can move on to tax reform, which is the sweet spot. Would you say . We do need tax reform. I wouldnt Say Something is better than nothing. It is like a game of changi. We pull out the wrong box and its going to collapse on us and we are going to get blamed for it. You can keep the mandate on Insurance Companies that anybody can buy and everybody pays the same price no matter what their condition is. You keep the mandate and get rid of the individual mandate. It creates a death spiral. What about federal ted cruz. The younger people who dont want all this other ancillary staff get a cheaper plan. With senator cruz and senator leahy are proposing is to legalize affordable interest again. I think thats an important condition. Congressman, and the tax hike still in effect. I like mark meadows here and i hate to say the devil is in the detail. But that is our main complaint. I didnt vote for the house bill frankly. Neil thats right. I forgot about that. It didnt legalize affordable insurance and enter into the free market. Of the senator cruz family have introduced something that does that. Again, the bill is still loaded with mandate and bailout, plus the taxes. That is a hard pill to swallow. So you are not in that something is better than nothing. Finally you break a company you bought it and authority broken. You touch it come you own it. Right now you do on it. Let me get your take quickly on this growing concern that republicans have now about how deep this russian thing could be. It certainly wasnt a wise meeting. Ive heard it explained that there could be more issues to drop and that is the sign may be lied about that. He could have lied about other stuff. It is a big nothing burger. The New York Times and Washington Post are chasing russian conspiracy theory. That lady was in congress. Shes walking the halls of congress. Neil as you know, there was no such meeting. And then we come to find out there was. If you say you did meet with russians, maybe he meant i didnt meet with russian government officials. I havent heard anybody. You think other republicans will stick to that . Well, im sticking with it. These are conspiracy theories. The longer they go on thinking they had a great candidate with great ideas come in the more likely they are to lose the 2018th election. People back home dont give a dang about this russian thing. Congressman, always a pleasure. Neil you heard that the congressman had to say. The house resists whatever the senate is trying to do. That is assuming on the health care thing the senate does come up with something, all in an effort to try to proceed with tax reform and that doesnt happen or get the late. Ceo chairman terry duffy on how the markets might react. Always good to have you. Thanks for coming. Neil, thank you for having me, my friend. Neil what you make of the argument that something is better than nothing. It is not perfect, but it keeps advancing for Something Better than obamacare presently that would be better on the tax front. Theres to pay if the markets dont get either. So, you know that i am not a Health Care Expert but i cant help myself. I will weigh in on the things the congressman did say. He said we could have an Affordable Health care in a freemarket system. In a freemarket system i like to remind my friend in the congress that free markets go up and down. It doesnt mean it necessarily will be affordable. That is the one issue i would even raise. Outside of that, i will stick to Financial Services and get out of the health care bill. Neil one of the things i do know that he not the dow on what has been happening is a lot of it has been built on expectations that controversies as russia notwithstanding that they will get what they want. Theyll get fewer regulations, lower taxes here they will get some sort of revamped Affordable Care that will be more market friendly than the one we have. Without getting into the weeds on mac, these guys still see it happening in 2017. It looks like a pretty good live to sitting right here, but you never know how they are going to progress. One thing about washington, you and i have been around the wrong time. If you go slowly which it normally does or it can go quickly. One of the things i do know when you look at the markets, the interesting thing said today is she wants to raise rates. One of the reason people are chasing the market a little bit is not because of tax policy or health care policy. It is because of Interest Rate policy. You know as well as i do these market nobody can invest in fixed income anywhere around the world that doesnt have huge risk outside of greece and some of the other countries. The rates are so low. You have to go into the marketplace in order to get some kind of a yield. Neil so let say that the interpretation seized on her singing baby and a lot more height and thats my interpretation. I could be very wrong. How does that affect what you are doing or what the markets are doing Going Forward . To reference that she sees many more hikes to come is what she said, something to that effect. When i take that, that doesnt mean Interest Rates are growing at 10 . Many more hikes on a percentage he says further Interest Rates iraq today are so historically low that the percentage could be magnified to a point where it is very meaningful. This is a shortterm world, but i want to be clear she also said the fed may not need to hike rates much more, talking about the near future in the next year. Could the markets live without . Are they expecting one hike and then one hike in them that theyre offered that for now they are focused on limited hikes this year . I think it is frustrated with what they have said over the last several years. They want to see certain economics including unemployment a lot of those were in the marketplace including unemployment and no inflation and still did not move rates. That confused the market. The fed chairman has to be very careful not to confuse the markets again. We are sitting on very historic levels on equities in city not historic levels on rates. Whatever she says, she has to be careful with because she cannot confuse the market again. People say come out notwithstanding in your particular expertise that it is run far and fast without barely a pause then we are due on the historical standards. You agree with that . If so, when the Federal Reserve starts unwinding, what is your sense . When you look at some of the Energy Sectors oil traded between 90 and 94 and all of a sudden it takes 2650. If one says i didnt see that one because everyone thought the break all the way down and now is trading 45 a barrel. We have seen that through this. With Uncertain Times within the fed. We havent seen this if you are concerned about, for example, global prices. We see a little bit with a dustup with the north koreans, a brief runup, then it runs down. But he thinks going on there was something that im missing. If you look at the price of gold around 1200 an ounce and you look back in the early 80s, so if you adjust for inflation, you should go somewhere around 2,003,000 an ounce but we dont. You look at whats going on in the world and it should be a 5000 or 6000. A lot of us become so jaded and whatever happens in the world is like yesterdays newspaper in five minutes. People are just missing some of these advanced to a point where one day youll see a huge move. I know uni a lot of young ones dont remember that historically. You have that resisted the simple fact that they do go up and adjust and they obviously do change. Looking at all of this and what is going on right now with north korea, that is getting the sense that serious remains very tense. Is that this stuff for the black swan that keeps you up at night or may be wary that changes the equation, it changes everything from commodities, oil, metals, to everything in between. A lot of the agricultural goods that can turn around in a moment. Neil, for sure. A lot of that changes on gop events. Now we have President Trump making some treats her comments about north korea were serious. It is premature to say, but they are taking a waitandsee approach is he going to follow through with the actions or comments or tweets as it relates to some of these countries you just referenced north korea especially and in syria. It is wait and see markets are taking a waitandsee approach. As you just referenced, we havent seen a lot of movement with the exception of the oil reference i gave you earlier. Neil very quickly that concerned about the president and what is signed neil and what they were thinking with the russians, et cetera, is that something that moves . I always think of Richard Nixon would have survived today as critical as it was if not for a lousy market, stagflation, this president not be doubled by that. Any thoughts on that . Im going to be really careful because this is kind of like the health care question. I pontificate. I think the president has some really strong people around him. There is obviously with the mention of the emails by donald trump junior is causing a stir. We need to get past this and run this country. The government needs to function. He needs to fill the spots within the administration so we can function as a country and understand that we need partners around the world for us to be successful. If we dont get the right partners around the world for trade and other reasons, we are not going to be successful. I hope the administration gets past that and onto the business at hand. Neil do you think you will . I absolutely do. Anything else the office is bigger than the individual in the country is bigger than the individuals, so i think we will under our principles get to that point soon. Terry duffy of the cme Group Chairman and ceo. Slightly better than im. Thank you very, very much. That is an interesting read. Day by day, not so much as a correction almost in a decade at it. Meanwhile, the white house designed defense over donald junior. It is worse than not. Some people say thats perfectly justified. Learn for watergate and other crises if you dont Pay Attention early on, youll regret it later on. Is that true . After this. Today, were out here with some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. 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Neil all right, hes doing okay. To read this right now President Trump it for fbi director christopher wright, it might sound like neil gorsuch, winning over democrats, even though hes getting sufficiently grilled at the senate goes over everything hes been trained in its history. Gerri willis has all the highlights right now. Hey, they are. Even now franken likes him. A lot of contents is an mainline questioning for the man who mainly the fbi christopher or ray. Donald trump junior do the right thing in taking the meeting with russian sources who promised cremating evidence on Hillary Clinton and where do loyalties lie . On the subject to russia, this exchange with senator lindsey graham. If i got a call from someone saying the russian government wants to help get reelected, theyve got dirt on the dirt on the grounds upon that, should i take that meeting . Senator, i think youd want to consult with liquid visors before you did that. The answer is should i call the fbi . I think it would be wise. Imagine how the director of the fbi cell. The former department of justice official employer was repeatedly pressed on whether he would be loyal to the president or the fbi and ultimately the country. Remember, the fbi director fired by trump on may 9th was told by trump in private that he needed loyalty. He expected loyalty. He has not made any loyalty to trump in exchange with senator pat leahy. There has been no question by anybody in the white house asking for the price of oil. Is that correct . That is correct. My loyalty is to the rule of law and the mission of the fbi and no one asked me for any loyalty oath at any point during this process and i sure as heck didnt offer one. Despite the intense questioning, most notably Ranking Member democrat Dianne Feinstein who told fox news she was impressed that she would vote for him. Democrat dick durbin also complementing ray saying that he said all the right things during his testimony. Neil. Thank you very, very much. I did want to get a quick sense, though. It looks like you will get confirmed. You never want to say anything double jinx that. Is it your sense that is how it is looking . Absolutely. Ill franken giving kudos to read, which i thought was amazing frankly because he usually sets himself up as the big naysayer. He was complementary saying they are taking on the very big job among the American People for the fbi and he was so controversial i guess its what youd save. That is one way to put it. Gerri willis coming thank you so much. The media has been lucky not to, but when it comes to donald trump and donald trump junior would avoid emails and collusion. Depending what you read coming that seems to be the conclusion here and worse, another watergate summer. It depends what you read, what you follow. A lot of Media Outlets are saying this doesnt look good for the white house which is a fairly good conclusion. He said he had no such meetings with russians and in fact he did arrange this one. All right, so a young guy who may be as naive as the whole political process are misrepresented. That is as far as it goes. He wouldnt read that in the media, but how is it looking to you. I think its an Important Development is the Media Development has been consumed with the story. We look at the evening newscast last night, 70 of the cbs evening news was about this young story. An airplane crash or earthquake put together. We look at the cnn morning show this morning, three hours long, two hours and 15 minutes on the trump junior story, 10 minutes on Everything Else that is commercial. This is a media that for months has been consumed with the story. They talk about collusion for months. Now they say we have some evidence. What you are talking about for the last several months was just speculation and lets see where this goes because it is just a few emails. It might indicate something, but the investigation has not really gone through. You are right. The developer they cant develop. One of the things that mightve happened and maybe this harkens back to remember the david frost interview that Richard Nixon had after he left office when he said i gave my enemies a sword, the media was sent fair to me. It was mutual. The president argued that will watergate being provided the means by which they could take that through him. Do you think that this is an opportunity to justified immediate attack on donald trump and say your own son would represent himself and make a bigger deal about this than is warranted. Well, i think for months now at least the liberal news media has been searching for a justification for their relentless coverage of this. They break into regular programming. They have been getting hundreds of times in the health care bill. This is 2017. Now they have something they will use to justify it. Lets see what happens when the evidence was cross examined. It is a little too early to be dancing the way the media are in the streets. Neil we will see. I have a feeling its going to be long. Very good being you. Alan dershowitz, his read on this. Pretty interesting. After this. Dentures are very different to real teeth. Theyre about 10 times softer and may have surface pores where bacteria can multiply. Polident kills 99. 99 of odor causing bacteria and helps dissolve stains. So dentures are cleaner, fresher, and brighter. Polident. When youre close to the people you love, does psoriasis ever get in the way of a touching moment . If you have moderate to severe psoriasis, you can embrace the chance of completely clear skin with taltz. Taltz is proven to give you a chance at completely clear skin. With taltz, up to 90 of patients had a significant improvement of their psoriasis plaques. In fact, 4 out of 10 even achieved completely clear skin. Do not use if you are allergic to taltz. 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Theres really no difference on the First Amendment to train a campaigner using information and gained illegally, somebody who obtained it illegally in the newspaper doing it. This is the concept that would be covered by the First Amendment. Also not prohibited by law. There is so much overwrought claim. People talking about treason. In which treason was mentioned. It doesnt look good. It is also politically. We have to distinguish between sins. Neil when you have a client or know a guy you are up against who has misrepresented or lied about something. They beat innocently enough. Dont you zero in on what else have you not told us. Of course. It is not a crime to lie. Only two fbi or Law Enforcement officials under oath. And so, lying so, why it began as a political sin, but not a crime. A corset makes it harder to believe other things that were said. We dont know what went on at that meeting. So far we have is the account of donald trump junior who was given different accounts. By the way, one of the subjects the sanctions was appropriate to discuss with a candidate in the campaign. Ronald reagan made a deal with the iranians to keep hostages in prison. He would get credit instead of carter getting credit and use the author and we have to and because we disagree, the way it occurred, but that becomes criminal or tree stand. We have to not broaden anixter and law by focusing and targeting our enemies. What stalin and the head of the kgb said showed me the man under some democrat. We will come up with a crime no matter how stretch it is. We shouldnt be doing that. What if we now know the floor below where, you know, donald trump that may be donald trump did bump into this group. We dont know. Would that change things . To change it politically, but not legally. This didnt happen. Lets assume donald trump and said ive got a deal. Im a dealmaker. If you help me get elected president , i will eliminate the sanctions. That would be a horrible, terrible, political thing to do. But i cant find the statute that would violate. It probably should and maybe congress should get busy passing the statute, saying that no campaign can accept information from a foreign government. The current statute is that you can get Campaign Contributions aim used in a campaign. What campaign is going to turn down against an opponent . This is historically the time of jefferson we been doing this. Neil very quickly, you are sent, if it elevated the level of conclusion collusion, what would make it a constitutional issue, impeachable issue with democrats are sorely wanting. First of all, what is an Impeachable Offense is up to congress. Bribery, treason, other high crimes and misdemeanors. Of whatever congress decides. If anybody on the trump team in the computer handles. This would be conspiracy. Neil would have to be that clayton. Would have to be pretty blatant. You can use the material and thats the point of the pentagon papers and other cases establishing between the use of the material of the First Amendment and illegally obtaining the material. Neil very good seeing you again. Thank you so much. The author alan dershowitz. I reported you responded to forgive all Student Loans. All of it after this. 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. Thithis is the new new york. E . Think again. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov neil you know, four in 10 of us, would forgive Student Loans and thats caused a lot of outrage. I wonder how many are parents who just want their 25yearold kid to move out of their basement. Thanks so much for taking responsibility for yourself when you choose to go to college. I guess we should pay further era of cigarettes, too. Robyn on facebook heres some comments are so ignorant and insensitive, its very hard coming out of college with over 15,000 in debt. Enter the author of what is wrong with near everything. Hes always enraged about something. Again, another bestseller here or he throws it right back at you. Good to see you, my friend. Would you make of that, a lot of people say and pay for it all . I think we forget that a deal is a deal. They signed a contract and it had payment associated with it. Now they dont like the contract so they want out of their deal. Its not right. If we left people in those contracts, what kind of adults will they become that they sign an employment agreement or they sign a mortgage or they buy a car and suddenly that doesnt suit them anymore. So we just throw integrity of the window and let people off regardless of what they said they would do. Neil so, you are against this. You are right. Remember right after the meltdown of quarters car company is in some people say its better than the alternative. But it was built into our culture after that, that if you are big enough trouble, you could argue the same thing so it looked after them. It was ingrained in our culture to rescue. Well, i think that also got us to the point of conserver ability that i deserve to be rescued regardless of my poor decisions and that goes to the whole idea of consequences. We are in the mess we are right now. My book is about core values. We collapse because we didnt have any consequences. Until we impose consequence. Neil whether some of it . Honesty, integrity. Mostly weve lost respect come a work ethic, adding value to people. Just be nice. Kindness is a core value. And the whole idea of selfsufficiency. Neil you and i had a nice little discussion yesterday, got a lot of response about politicians being truthful. He wasnt truthful, he had to take back the comment that he made. But you said it cuts to the core of some other issues. If you Say Something didnt happen and it did, you can say anything you want to. You can make that look as pretty as you want to. Thats dishonest. Ogata start calling it a lie. We shouldnt be able to expected. See what we are trying to do is make the outward control the. The enter always controls the outward. As to who you are on the inside, eventually it always shows up at some level. In this case, as they were saying earlier, if you lie to me about a little thing, ill never trust you about a big thing. That is who we are as humans. Ive lost all trust in you if youve ever been dishonest with me. That is the trouble we are in. People dont trust each other. Neil they seem to be the ones who really hate you, then it you are on your own. Theres not going to be a mom and dad rescued. Youve got to learn. That seems almost to hearken back to another era. I hope it does hearken back to another area. When he signed a contract, you understand a deal as a deal. It means that they and you got to be held accountable to the agreement you enter. Neil if you get loans, do you expect to be paid back . I never looked at it as alone. With my kid its going to be a gift and a gift unless we sit down and write a contract. I didnt get gas. I didnt make loans. Expect them to earn their way. Are you cheap with them or do you tell them youre not getting any of this. One kid has done a whole lot better than i have. Dont depend on not. Thats right. Mom and dad should look to their kids. That is where we are right now supporting their kid moved back on. Now they have lost all their retirement trying to take care of the kids. What will happen there . I want my kid to take care of me. I want to spend my last time. Neil larry waynick, the book is called whats wrong with near everything. He hits a nerve. He doesnt care about the bad press. See, im very sensitive to that. Not him. 100 million payout. I wonder what theyll think of that good either a denial but, macgregor thinks of that. Still got 100 million. Youre right. [inaudible] approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive, but now is a good time to get the ball rolling. Keep in mind, medicare only covers about eighty percent of part b medical costs. The rest is up to you. Thats where aarp Medicare Supplement insurance plans insured by unitedhealthcare Insurance Company come in. 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Plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. Remember, medicare doesnt cover everything. The rest is up to you. Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. Still got a hundred million and i aint never touched it. [cheers and applause] you are right. [inaudible] [laughter] he can even afford to anymore. Neil mayweather, mcgregor talking trash. Yes the tax bill and cant pay it. Brian killed me with a justice happily written a check. An athlete who seems this happens a lot, doesnt it . They work the hardest to get it. One of the reasons is a modernday boxing, it is divorce. If you talk to a lot of these guys, they come in, theyre not married. Ill take half. I have no money left. This is close to dave ramsey as ill ever get. Dont come to me for financial advice. Heres the deal appeared in 215,100,000,000 up to tacky out site alone. It turns out he forgot he owes 26 million to taxes. Irs said that. He said i would like to pay it back in installments. We are thinking but wait a second, his net worth of 700 million. Hes the highest grossing athlete ever to be so elusive he didnt get hit during the entire career. Hoping to sell it perhaps that i think hes 40 years old coming out of retirement because he needs the money. In 44 days if youre talking about this every day, youll be calling me, collect usually. Will you please come to the show . Neil why is it boxers . I can remember the days of mike tyson when he was making all this money. He was very generous with his money and all that stuff. Then i remember someone like larry holmes who invested a lot in eastern pennsylvania. Sugar ray leonard was pretty good. What happened . Uganda businessmen to run. Youre my only client. Thats it. We see a lot of athletes. The numbers are astronomical. When malays again if off the cliff financially. Everyone should be a broadcaster or where you have all the endorsements. Most dont. How many people are prepared and you are not here. When youre done at 34, but youll have something saved and built. The trainer and the cut man. They stopped the bleeding, which helps. Neil they say thats happened here. Hows that . In our business. Neil i always wonder, it sounds goofy, but it could boomerang on boxing because this macgregor wins. Gregor is a usb in mixed martial arts. If he wins in mayweather loses, thats the end. Rock scene is not fighting. Its a science. It would be folly, jake lamotta, Sugar Ray Robinson every single time because you outthink the guy. If you cant outthink a guy Neil Macgregor cant do anything. Its over. Contractually hes will not do a map. Hes got aware heavier gloves to protect the hand. Every wrestler does well. Before and that neil cavuto, you are just the goals. I did that first for uscs. The only two in its been be knocked out or choked out. They had to learn the punch. Vets for young people are going in the audiences are going. But still, that gets a lot of attention, right . This site come 28, 44 days with the highest grossing actual fight. Not mayweather, not my brother mcgregor. If you cant outthink a guy that doesnt go your art, thats a problem. My sense is that 40 and 28 is the vast with a 4yearold who can sit in bed all day because hes technically so rich and earned so much. No one is punched in. To retake these shows . We dont . Neil will be right back. Times up, insufficient were on prenatal care. Es. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Potsc in unison drive russ, leland, gary yes. Gary i have 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 . c neil okay, the chris wray hearings are still going on in washington right now. He is President Trumps pick to head the fbi. Right now he is comporting himself pretty well. In fact Dianne Feinstein among those saying, she a prominent liberal, democrat i would support him. If you have that kind of support you are pretty much in like flynn. That could change depending how the rest of the day goes. Separately we have the hearing featuring janet yellen, the fed he, who seemed to indicate while rate hikes are coming there will not be that many more this year. One and maybe done. That was the interpretation of the markets. They jumped on that. Well into record territory as we speak. Were not that far away from getting fed minutes from the recent meeting. Trish regan to take all of that. I have a feeling you will have a very busy hour. Trish i always do, thank you so much, neil cavuto. Moments from now the Federal Reserve will release its beige book report providing key insight to the strength of the economy. Right now ahead of that report we have a market moving higher. Im trish regan. Welcome to the intelligence report. I want to report that stocks are rallying and rallying because of what fed chair janet yellen had to say. Her testimony reassuring investors that fed will unwind their Balance Sheet and continue to raise rates. I want to go to washington, d. C. Where we find adam shapiro for the beige book. Reporter trish, Economic Activity across all 12 Federal Reserve districts expanding at slight to moderate pace. A majority of districts expect a modest to moderate gain of growth in the economy in coming months. Consumer spending which is rising across majority of districts, softening of consumer spending, especially auto sales which declined in half of the districts. Labor Market Growth continues to expand at moderate to moderate pace. But flat in atlanta and st. Louis. Big gains in construction and it services jobs. Businesses reporting lack of qualified workers. Wage growth, modest to