Break would give workers with big businesses. We are giving americans the freedom who have got health care over it they dont have the Government Program freedom like theyve never had before to buy health care that is right for them. This is clearly obamacare gone a new freedom. Maria breaking down the gop plan coming out. That military moving part of its Missile Defense system following recent Missile Launches to north korea. North korea coming out. Severe weather strikes the heartland. Everywhere from the midwest to the south. You may need more time to get through security when you travel. The outrage as the tsa is wrapping up his patdown procedure. Markets look like this. Features back. Dow industrials to be down 30 points. S p 500 negative territory. This morning dft 100 is up a fraction as is the dax cac in paris lower. Although the shanghai, hanks said all higher. Weakness heading home. Although stories coming out with a gimmick towel. Wall street journal editor and matteroffact national cochair morgan ortegas. Welcome back. Aims for having me. Dagen regained the health care bill. Trade is that obamacare like . Dagen some conservatives say yes. It is not clear how much its going to cost. Still taxes and still government handouts. They stopped calling them subsidies and they call them tax credits, but still a government handout. You still have the exchanges could you give it up to mandates, but exchanges, subsidies and requirements like the ability for people to keep their children on their own Health Care Policy the 27th. Maria that was always important. Well drill down into it down into with the new replacement looks like and whether or not it is much the same as before. This morning at overstock. Com Patrick Burns with us this morning with a sense of retail. President ial candidate Fox News Contributor herman kaine is that this. The ceo contributor robert will visit us at harvard law Professor Emeritus alan dershowitz. Stay right there as they kick off the hour right here with the top story. House republicans unveiled their plan with the replacement last night. The bill called the American Health care is eliminated individual and employer mandate penalties. It gives a monthly tax credit to consumers instead of the current subsidies. Last night fox news interviewed congressman kevin brady and greg walden, responsible for the obamacare and repair legislation. Heres what went down. We begin by repealing the tax is, mandate penalties in subsidies and obamacare. To give americans the freedom to buy plants that they need that includes nearly doubling the size of the Health Savings accounts and make them more usable. Picture we are not pulling the rug out from under people. Not going back to the days that those with preexisting conditions were penalized or could not Access Health insurance. And now back to lifetime caps are allowing kids not to be on your insurance uil they are 26. This protection status for reform medicaid and get on the budget. Maria when you look at some of these subsidies or tax credit as they are called right now, they dont want anyone to lose coverage, right . Thats the big problem they face. Obamacare to expand coverage to millions of people and you cant take that away from them. A lot of bad are in bluecollar towns where people are suffering and trump doesnt want to basically pull the rug out from under his own base. You need something there. How do you make something as they are in terms of a coverage without looking just like what we had. Some of this plan does look like obamacare. You can rename a government handout to buy insurance from a subsidy to a tax credit but it still government money. If you got rid of the individual mandate, penalty people would place, however, theres a 30 penalty for any lapse in health care coverage. So if you buy it and stop paying for it, you get hit with a penalty like that. There were a couple of changes that the gop did make to try and kind of suit peoples concerns about it. They were going to reduce tax benefits for corporations that provide Health Insurance. But in terms of other taxes being done, not true. Cadillac insurance tax which would hit very Generous Health insurance plans, they delayed it. They didnt get rid of it. Its been delayed once. Effective date to 2020. Not kicks and 2025. Thats a budgeting track where they can factor that in. Less than 10 years that they can factor revenue coming in from that when they end up. Maria this is why theres so much debate within the gop. Willi gomer last night talking about this from the tea Party Perspective that he and others are basically referring to this has been obamacare lay. If you look at the political side, theres a provision to defend planned parenthood, democrats clearly opposed to that. When you look of a president obama did come it took in roughly 15 minutes to get through the congress. We were in month two of the term presidency. This is aggressive on the part of House Republicans. Dagen its not aggressive because theyve had seven years to come up with the replacement plan and all they talked about was to repeal part. The only way to get the to get this thirst for president translating on this baby is going to have to get people like willie gomer reported of him during the president ial election. He would give people that do not like grandpa who had a lot of fanfare and through president ial leadership. He will have to get everybody in line. Its a key first step in moving this. The other thing i find so interesting is the house is taking the leadership in all these issues. They are throwing out the first bomb on tax reform, eca reform and kind of setting them up to take on the hit on these proposals. Maria one of the most important issues here with the actors did via tax cut for most employers. If you see the cadillac plan is just a laid and doesnt represent the tax plan they thought it would be. They got rid of the employer mandate. And the employer mandate and ey are also getting rid of but the medical devices tax. He talked to anybody has been a job killer. In terms of opposition, the gop could lose 21 votes in the house on this. They cant afford to lose more than 21 votes. Its even more precarious than we have senators and republican senators rob portman, Lisa Murkowski of and expressing concerns over the approach to medicaid. 30 states accepted the Medicaid Expansion. This would dial back in some part. But again, that is not hardcore conservatism. But senators outlined to as the government handout. Medicaid is where a lot of the attention is. But its also where a lot of the expansion of obamacare came in the first place. If you want to cut back the costs come you cut back on medicaid that you the rug out from under. Dagen half the people in shortcut for the first time under obamacare. Have came through Medicaid Expansion. Medicaid expansion. You remember talking about big items repealing in the place and obamacare. All of history sequestration. We still talk about an 18 year budget was started not over. We have on a budget and he is a president obama. Is there big ticket items with rancorous houses. One big thing is how do you drive down the cost of overall Health Insurance and health care. Obamacare failed to get individuals to pay too much for Health Insurance this year is catastrophic preexisting conditions and older americans. One thing this does do is allow Health Insurers to charge customers even more. Five times the amount. They will charge older people. People who are older, more money. Thats one of the ways you start to cut pay. Young people are going to pay for it indirectly been insurers will charge directly. Fox business is going to have full coverage of congressman tom brady. Take them outside. This is dead. We at the moment when this actually is coming up, replacing them with appealing. Plans to expand exxonmobil getting a pat on the back for President Trump for a new 20 billion project. What it means for jobs in america. Is finding its way into your home. But google is called up for sketchy sources. Back in a moment. This is the silverado special edition. This is one gorgeous truck. Oh, did i say theres only one special edition . Because, actually theres five. Ooohh aaaahh uh hooooly mackerel. Wow. Nice. Strength and style. Its truck month. Get 0 financing for 60 months plus find your tag and get 5500 on select Chevy Silverado pickups when you finance with gm financial. Find new roads at your local chevy dealer. [and her new business i do, to jeanetgo. Jeanette was excellent at marrying people. But had trouble getting paid. Not a good time, jeanette. Even worse. Now im uncomfortable. But heres the good news, jeanette got quickbooks. Send that invoice, jeanette. Looks like they viewed it. And, tada paid twice as fast. Oh, shes an efficient officiant. Way to grow, jeanette. New. Get paid twice as fast for free. Visit quickbooksdotcom. Maria welcome back piece of your mother sending parts of the midwest. Good morning, cheryl. Trini good morning, maria. Thunderstorms packing out tornadoes across the central midwest part of the country other than minnesota. The National Weather service the National Weather service has two tornadoes touched down in missouri. Several homes damaged or destroyed as a result of that tornado. Parts of the midwest and the south into today. Powerful winds are the primary threat according to forecasters. The news this morning, exxonmobil promised in 20 billion to build or expand refinery across the gulf coast. Darren boyd says the decadelong investment would focus on plants in texas and louisiana and create 12,000 per minute tops and 35,000 temporary construction jobs. Average salary estimated at 100,000 per job. President trump thinking exxonmobil in a series of tweets. 45,000 construction manufacturing jobs in the gulf coast region. 20 billion investment already winning again america. Everybody, get ready to go your tsa agent a little more intimately. Tsa will another warn is a parttime method of the website. The agency says right not to use the back of the hands for pat downs. Sensitive areas of the body. Not that leaves the front of their hands on a passenger in private screening areas and shows the presence of the next low said. Tsa is about 2 Million People airports across the country everyday. They dont tell us how many pat downs they actually do. This seems to be in response to a scathing report that weapons for making it through tsa check point that an alarming rate. Finally, google home coming under fire for spreading fake news. When you asked to speak or oppression, to reset the top search result even if the source and as we are going to say sketchy. In a bbc reporter asked whether barack obama was planning a coup, the smart speakers said the former president is in bed with the communist chinese and may in fact be planning a communist coup detat at the end of the term. They are working to fix it. I am thinking maybe a software fix is in order. Back to you. Maria thats funny. Where do you come up with that . I wonder what google home will say to me about the president of the u. S. Thats what it said. Can you imagine . Maria this is why they are working on fakeness american quit twitter. Maybe they should go to they should look to jigsaw within google to solve this. Maybe stick to reading the wall street journal. Maria are watching mornings with maria. Well take a short break. The market rally stalls on wall street. We will again into it and take a look at markets and your money. A possible megamerger in the works. The white house is in big deals. Details coming up. Tuesday morning. Stay with us. As after a dvt blood clot,ital i sure had a lot to think about. What about the people i care about . Including this little girl. And what if this happened again . I was given warfarin in the hospital, but wondered, was this the best treatment for me . So i asked my doctor. And he recommended eliquis. Eliquis treats dvt and pe blood clots and reduces the risk of them happening again. Yes, eliquis treats dvt and pe blood clots. Eliquis also had significantly less major bleeding than the standard treatment. Both made me turn around my thinking. Dont stop eliquis unless your doctor tells you to. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. If you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness. While taking eliquis, you may bruise more easily. And it may take longer than usual for bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Eliquis treats dvt and pe blood clots. Plus had less major bleeding. Both made eliquis the right treatment for me. Ask your doctor if switching to eliquis is right for you. i moved upstate because i was interested in building a career. I came to ibm to manage global clients and big data. But i found so much more. its really a melting pot of activities and people. applause, cheering new york state is filled with bright minds like victorias. To find the companies and talent of tomorrow, search for our page, jobsinnewyorkstate on linkedin. Search for our page, i was thinking around 70. To and before that . Re . You mean after that . No, im talking before that. Do you have things you want to do before you retire . Id really like to run with the bulls. Wow. Hope youre fast. I am. Get a portfolio that works for you now and as your needs change with Investment Management services. Maria markets that index. Features find another day of decline. Dow industrials down 20 points. The dow yesterday farnborough 21,000 is coming on the heels of the House Republican announcement that a bill to repeal and replace obamacare added to care added this after jobs report on friday. Youll hear from kevin brady, head of house ways and means at 11 00 a. M. This morning. Well take that live to discuss the specifics on this repeal and replace than the gop is out of today. Chief equity strategist, tony dreier is with us this morning. Good to see you. Anything change in this market the last couple weeks . We know the euphoria has been all around new policies out of washington. I think the euphoria is more than that. I think people are coming to grips where theres not going to be any antibusiness policy come in the next four years. Not only does that unleashed animal spirits on the equity side comment done it on the corporate side. I really underestimated the impact that the impact not having any antibusiness president is having on the sea level, ceo, cfo levels. Its a really big deal. That said, the market is clearly in my opinion ahead of it self. A year ago we were talking about how the bear market has begun and focused on economic decline in the emerging markets, emerging economies are tanking. Commodities going down hard. Corporate audios were spiky and. It was so much. Now you had a much optimism. Ultimately, the economy is getting better, not worse globally. Currents will pick up a mass of market is. Are you saying the market can sustain the can sustain these games even without the tax reform that President Trump has promised to arrive at the aca repeal . Is it enough just to not be writing regulations . As i said i think it can because when you have a nonrecession Oil Price Drops liquid if i share, you typically create the negative industrial backdrop for two years. The only time it was different was 85 and 86 00 p. M. Wednesday by not emerging economies, Global Economy and start lifting profits, thats what they do. Theres five market facts. The direction of earnings is driven by economic activity. Driven by the sloping yield curve and by fed policy and core inflation. Unless you argue with me we have a major inflation spike, you will not invert the yield curve and youll not go into a recession. Maria we keep talking about tax refunds and tax cuts and the need to move on now. We should point out their individual tax cuts for wealthier americans in this repeal and replace bill from the gop. For wealthier americans, it gets rid of the 3. 8 tax on Investment Income, which is a big deal in this nine tenths of a percent or. 9 tax on wages. Those are gone. Those are for wealthier americans. Nevertheless, tax cut. Thats why theres not a single democrat signing onto this. Maria that also has Small Businesses, which was the reason for the 49ers. And it gets rid of the mandate. As well. Even businessecan you give rid of the incentive to have employees because he could have 52 now and you dont have to provide Health Insurance for employees. By the way, democrats push back against it because its a republican plan. Nothing to do at the detail in it. Batf regulations going away and that you are going to impact wealthy individuals and Small Business by the rollback of these taxes taken as referring to, that certainly has to unleashed a business that dvd. We did this the more we see how people act. Im a lot more comfortable that im not going to get your taxes. But shut down my spending and Household Spending was the fiscal cliff. I knew i was going to get fed a taxes from the obamacare plan, aca actor rather areas. I know at this point for the next two years anyway, im not going to get a taxes and that allows me to spend money i may have paid to. The gods have not cash thats been raised from the Corporate Credit issuance. Its had a record every year. Extraordinary the biggest january on record. What about the thread board tax . It seems like we did talk about that. They are to have a plan of adjustment based upon the different angles. Its not like this is hitting them in the side of the head. Theyve got a plan depends on the company. Move operations around, money around and do Different Things to minimize the risk. Yet we still see growth around 2 . We are still seeing job growth. We havent seen anything take affect get. Again, part of the nearterm correction planned, but again, talking to the ceo. They didnt enter january and say lets go. What they did is make a plan on how to most effectively spend the money. Maria you think the unleashing happens in 2017, early 18th when people anticipate this will change my life. This will change the way that businesses operating so i will use our money to invest. This year and next year. The family tried to do is make everything a microwave economy. As you well know, it takes a lot of time to move to pick through the python. Finally, there is a paid moving through. Sounds like its still on the sidelines. I dont think they matter at all. I see now, i present tactical stuff into my work. When you are 60 raiders, that is not when you want to chase the tapeo over the course of the 5 rally that i missed in the last six weeks, for the market sectors that have done the best or the most offensive. Financials perform, but the more defensive ones as well. Sounds like your not putting money to work. Posted history to appear out of your mind if you get negative of the fundamental back to even with the fed rate hike in positive earnings Going Forward for the next three years. Its not whether youre a buyer when the yield curve is the period it is then you are more aggressive. I would just cut back a little beverage. I would be more market natural. If i was in offenses that there is, i would back tomorrow to market new tristan. Lets not get hurt. What happens is people tend to sell in the markets going down. The opposite of what you do. Maria makes a lot of sense. Good to see you. By the way, the jobs number out this friday. Your take on what to expect for the month of february. Well get into that, now. Consequences for the area. The u. S. Responded to the latest Missile Launch. Growing tension out of north korea coming out. Shifting gears, General Motors phasing out plans to cut more than a thousand jobs on the horizon. Back in a minute. 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There are over 100 million pieces of dna in every sample. With the microsoft cloud, we can analyze the data faster than ever before. If we can detect new viruses before they spread, we may someday prevent outbreaks before they begin. Afoot and lighthearted i take to the open road. Healthy, free, the world before me, the long brown path before me leading wherever i choose. The east and the west are mine. The north and the south are mine. All seems beautiful to me. Maria good tuesday morning, welcome back, everybody. Thanks for joining us. We are happy youre here. Im maria bartiromo, it is tuesday march seventh, top stories 6 30 a. M. On the east coast. U. S. Forces in high alert this morning in south korea, Missile Defense system into the region following Missile Launches from the north, the latest on the escalating tensions. The move comes after executive order travel ban late yesterday, includes taking iraq off of the list of ban countries. President trump is exercising his rightful authority to keep our people safe. As threats to our security continue toe involve and change, common sense dictates that we continue to reevaluate and systems we rely upon to protect our country. While no system can be made completely infallible. The American People can have high confidence we are identifying ways to improve the vetting process. The part of the review process is to look at all the different countries, all the different systems, what information we get, is it reliable, do we have confidence in it . Maria during announcement yesterday Jeff Sessions warned as possible threats at home, investigating 300 people admitted in the u. S. As refuge yous, now investigated for terrorism. And futures showing the markets will open lower this morning. We have a market thats pulling back fractionally. Dow industrials down about 20 points, nasdaq s p 500 also negative this morning by a fraction. In Europe Markets are mixed, fractional moves. Cac quarante down. Take a look. Nikkei in japan, down just a fraction. Are high heels sexist . Why british lawmakers are debating this this morning. If employers can keep pumps as mandatory dress code, we will get into it. First rising depositions with north korea after the country fired four missiles in japanese waters, the u. S. Began moving Missile Defense this morning with plans to deploy the system later this morning. The defensive measures comes amid reports media that yesterdays Missile Launch was practiced to strike u. S. Basis in japan. Joining us right now former navy seal along with former state Department Official and adviser to president obamas president ial campaign. David. Good to see you both, thank you so much for joining u. S. North korea a problem as we see disruption, the head of north koreas brotherinlaw im sorry, brother murdered. Whats your take coming from the Obama Administration with your experience here . We have the best Nuclear Deterrent and we have the best missile capability. Im all in favor of us using that missile capability and Missile Defense systems as deterrent to action by north korea. But the problem is that north korea is a rogue state with a maniac at the helm a is probably going to take more than that Nuclear Deterrent to get him not to go over the edge. In the past its taken good diplomacy, we have a president who hasnt shown that hes depth at diplomacy yet. We have a new secretary of state who hasnt done diplomacy. This is going to be a big test for them. I would like to see them use diplomacy and the missile capability and Missile Defense system to prevent further action from north korea. Maria diplomacy, carl, we are dealing with a man yaik, has something changed, more disruption, has something changed out of north korea that President Trump needs to address in. Well, korea and iran, a lot of the people that are not friends are ours have been em bolden from lack of Foreign Policy of the Obama Administration. The issue now you have someone like dylann roof running an entire country and we need to be prepared to back up our strong words, next time you shoot a missile, shoot it down, thats my diplomacy. Maria the missiles that were fired were close to japan. Trade waters. Maria response required . Absolutely a response is required. I would say to President Trump, the next time that they shoot a missile, shoot it down. Ri david. This isnt actually all that new. North korea has been testing missiles for a long time now. I do think that putting in place the Missile Defense system is important. Im not sure shooting down a missile thats not going to go anywhere than land in the water, but we do need to send a strong message to north korea that its not appropriate and not accepted. What if it doesnt land in the waters, you have to get rid of it . I think we are tracking, we understand whether its going to go in the water or actually targeting something. Maria how does china come into play here . China is wishy washy on this. China has a chance to Police North Korea quite a bit and theyre generally not. The issue with china, we need to get on the same page with them. This is the same thing with russia and assad we are dealing over with syria. We need to get on the same page with china. China. Once people meet him they love him. Maria north korea as a new element here that the president needs to deal with but, of course, the extreme vetting. Lets talk about extreme vetting take two. President trump signing revised order on immigration yesterday, ensures protection people with valid visa and exempts iraq from the travel ban list, updated order goes into effect march 16th, white house Secretary Sean Spicer spoke about the changes yesterday, watch this. There was an element of surprise that benefited the countrys safety, we lost that after the ninth circuit ruled the way that it did. Our goal was to use that time to ensure the most effective implentation and i think this does that. It was a disaster, terrible, it wasnt, a broadsweeping motion to try to protect the United States of america. This was much more finely tuned. You are seeing the beginning of an administration to start running smoothly. This is exactly what we want to see. I will challenge the courts to challenge this one. Maria watching Rex Tillerson and Jeff Sessions at the podium yesterday, they were in command of the subject, they were calm, they were explaining the specifics of the order, whats your take away . This has been a hot topic for a long time. The first order was a complete mess and this is better but still not good. I applaud the fact that they took iraq off the ban. We are partnering with iraqys in the fight against isis and make nos sense to completely ban all iraqis but the main problem with the first order exists in this order too its not going to make america more secure, its not well calculated to do that because we ban people from six countries which have not proven to be sources of people who have attacked the u. S. And performed terrorist attacks in the u. S. But we havent ban people from pakistan, afghanistan, like saudi arabia which are proven to be places where terrorists have come from to the United States and harmed people. David, i will agree with that. We need to add more countries. As of now less iraq were originally handed down from the Obama Administration. Im glad that youre on board with adding to this. People do not deserve to come to the United States of america specially if we dont know if theyre going to be safe or not. Maria we have to talk about the fbi reportedly investigating 300 people who have already been admitted to the United States as refugees, they are being investigated for possible ties to isis, your thoughts . I told you so comes to mind. Its one of these things that time and time again we have to say that these people come in a society where they have no paper trail, theres no dmv. Maria this is exactly what the administration has been talking about. You can do extreme vetting or anything like that, you dont know where theyre come from in the first place. This is exactly what we should be doing, investigating specific cases and making sure we have made the right decision. Lets go forward with that investigation. Maria but theyre already here. The point is they are already here and came in as refugees and we havent taken refugees. Maria, these are investigations. If mistakes were made, we should augment the system. So far no refugees sa have engaged in terrorist attacks which have resulted in deaths of americans. None have done that. Thats why its not something that we should be worried about but always trying to improve it and augment it. Maria 300 u. S. Refugees who have come to the country and now investigated for ties to terrorism. We will be watching that story, for sure. David, good to see you, carl, thank you so much, gentlemen, great. Coming up no so picture perfect shares of snap slump after debut, what is behind the selloff . We will look at the stock and company. Corporate dress code, women no longer standing for mandatory high heels in the workplace, remove out dated policy coming up maria welcome back, futures indicating lower opening, take a look at stocks, we are expecting the dow to begin 20 points. It did crack below 21,000 yesterday. A couple of names on the move, we are watching snap under more selling pressure. The stock down 12 yesterday and it is down this morning another 4 , falling below the opening price from debut on thursday, the stock opened at 24, facing tough critics on wall street, thats for sure. It has not received a single buy rating. We are taking a Look Software services. It will deploy Cloud Service internally. Quarter a per can he be the right now. Avalanche hitting a ski resort in france. Cheryl casone with the details there. Can he recall cheryl yeah, maria, avalanche touched ski resort french alpes. Several skiers have been caught up in the avalanche. Just last month for snow boarders died. We will get more details and keep you updated out of france. Here at home, General Motors is laying off 1100 workers at a plant in michigan, the workers at the Assembly Plant are being laid off because gm is shipping production to tennessee. Uaw local president bill is hope to go lay out are temporary. We cant forget that they actually had a very Important Role in where we are at today and im hoping that with can bring them back to work. Cheryl gm says the plant is going to be build after for about a month they will shut for that. Sprint may be hunting for a deal, white house officials with potential merger with, the mobile, comcast or somebody else. The white house Carbon Monoxide team last month. President trump last year that he will create 50,000 new jobs, remember that meeting happened at trump tower, taking a lock at sprint shares up, 4 this year. British parliament has debated lots of important issues but yesterday they focused on high heels, the debate is all because of a receptionist who was sent home. The Employment Agency had dress code that tights, novicable roots. Maria are you kidding me in cheryl regularly reapplied make up and heels 3 to 4inches. 150,000 signatures in britain, that makes eligible for debate in parliament, maria. Maria thats crazy. Can you imagine this discussion . Cheryl not here. Im surprised they have having it there, those are 20yearold guidelines. Rent when people couldnt wear pants in Corporate Market in 70s, are we really going back there . Maria what would you say . What is dagen going to say. Dagen i wear high heels only if i can fit with them. You see me Walking Around when im not on air. Morgan who is judging . Whats reapplied makeup . Dagen i look like im going out to chop wood when im not on air. Maria tax rorm under President Trump, what businesses are most concerned about. Are most concerned about. We will get into it, stay withg . Us blueprints. Call hruska. Weve gotta set up a meeting. Sure. How do you spell that . Abreu, albert, allen, anderson c, anderson r. You know what . Ill just tell him myself. Door. Andrade. See why 3,000 companies a month are switching to vonage. And her new mobile wedding business. Tte at first, getting paid was tough. Until she got quickbooks. Now she sends invoices, sees when theyve been viewed andtadahpaid twice as fast for free. Visit quickbooksdotcom. Maria welcome back, tax reform in congress after obamacare and tax plan on the table. We are going to take you to the press Conference Today when kevin brady and colleagues announce specifics of the obamacare replacement. How do Business Leaders feel about the plans . Joining us ceo of overstock. Com. Great to see you in the todayio. What an honor, maria, thanks for having me. Maria whats your take on Obamacare Repeal and replacement, is this going to impact your business . Well, my take on it is, yes, it will impact my business as owl of the changes will, but i actually think its exactly the right course. We absolutely need tax reform. Im a big fan of milton freedman. He was in favor of simplifying tax code. New replacement for obamacare has tax credit and good way to simplify the system. Maria lets get your take on border adjustment tax. A lot of retailers, industries have been complaining that if they have to pay a border tax, they are going to turn around and raise prices, its a negative for consumers. Whats your take . Absolutely we will. If they put border tax on the goods we have to raise the price 40 . Ultimately we are kind of indifferent. We are in business to moving and absolutely, tax gets passed on consumers. Somebody is kidding themselves if they think companies are going to eat it. Maria one auto analysts told me that the average price of a car is 30,000 with the border adjustment tax he has no expectation that thats going to stay there, its going to go to 32,000 or 40,000. Dagen you could see doubledigit increases at target, walmart, cost of gasoline, even, but to that point if individuals are paying more for goods that they buy elsewhere, that does hurt business. If theres tax increase in the american public, do you have a voice in terms of telling the trump administration, hey, dont get on board with border adjustment tax . Do you have a back phone . I dont have a back phone with the trump administration. I have no contact whatsoever. Are they for sale . No, i dont have any in with them. I do know steven moore. Hes advising trump on tax policy. Maria yeah. Yeah, well, the border theres not been an economist in 200 years who was against free trade it seems but your friend in mine warren buffet wrote a controversial essay that would have amounted to, say we have to balance our trade deficit, so its kind of funny that although every economist i respect is profree trade, it does seem to have impose cost in society. Maria he hasnt bought into it yet, trump. How about your own business, are you seeing with this new administration, are you seeing changes that are encouraging you to invest more and hirer more people. What are you doing this year on investment and hiring . Yeah, we are growing and there seems to be, there seems to be spike in Consumer Confidence which gets people spending and such that can reverse quickly. But, yes, we are seeing the effect of this. Jon whats changed . How much more are you planning to invest and hire this year compared probably would be the equivalent 50 to 100 jobs additional to that increase Consumer Confidence. Maria wait a second. List go back to what dagen was talking about earlier. Dagen, you said the new repeal and replace gets rid of medicare surcharge tax for high easterners and dividend tax that goes away too. Dagen 3. 8 Investment Income tax that goes away. Maria that has to be positive for you, the obamacare replements. Just ripping obamacare is really good. That will unfetter some economic processes, theres so many distortions in the market from obamacare, getting rid of that is going to help. Maria patrick, good to see you. We will be right back upstate new york is a good place to pursue your dreams. At vicarious visions, i get to be creative, work with awesome people, and we get to make great games. what i like about the area, feels like Everybody Knows each other. And i can go to my local coffee shop and they know who i am. Its really cool. New york state is filled with bright minds like lisas. To find the companies and talent of tomorrow, search for our page, jobsinnewyorkstate on linkedin. Maria good tuesday morning, thank you so much for being with us. Im maria bartiromo, it is tuesday march seventh, top stories right now 7 00 a. M. On the east coast. Gop unveils replacement on obamacare, American Healthcare act eliminates many taxes and penalties that are tied to the current legislation. Now it is unclear how much the plan will cost but House Committee on ways and means chairman kevin brady weighed in on the changes. Tonight we deliver on President Trumps promise to repeal and Begin Replacing with two big principles, one restore state control of health care, get it out of washington and restore the free markets to gives individual it is power and freedom to choose plans thats right for them. The second part is in the ways and means area. So we begin by repealing the awful taxes of the mandate penalties and subsidies in obamacare. Maria we are breaking down the goplan coming up. We are taking you live to a conference that brady is having this morning. No longer picture perfect, shares of snap down this morning 4 in the premarket. Thats on top of a big selloff yesterday, the stock fell below ipo opening price of 24 a share. Why the honeymoon may be over for snap . Futures indicating a lower opening for broader averages, take a look. Dow industrials will open about 20 points, nasdaq 8 points and in Europe Markets are mixed this morning. Its fractional moves but you do have some gains. Ftse is up as dax index in germany. Cac quarante is down about 16 points, onethird of 1 . In asia overnight, stocks ended the the session mostly higher. Best performer was in korea. Kospi index up twothirds of 1 . Ordering a pizza could be as quick as typing your shoes. Weve got the pie tops, you have to check this out. Plus, can you spell coloqial . Fox Business Network dagen mcdowell. The Global Economics editor Jon Hilsenrath and maverick pack share morgan ortagus. Morgan good morning. Maria 50 to a 10 oh 100 new jobs. Jon we will see if the rest of the country is doing the same thing. Dagen what we do know about the repeal and replace bill it does eliminate many burdens on businesses, period, and rolls back and eradicates virtually all of the tax increases that were part of obamacare. Maria thats a big deal. Dagen including on wealthier americans, tax on Investment Income and we should point out that in terms of the income thresholds, those were not index to inflation, remember what happened with the affordable minimum tax. I mean, alternative minimum tax. Maria more people had to pay it. Dagen it doesnt grow win flaicion, it pulls in more and more people over the years. Maria we are going to talk about this this morning, former president ial candidate herman cain is with us today, robert wolf is with us and harvard law professor allen is here as well. We have a big hour coming up. You dont want to miss a moment of it. We kick off top stories and thats rolling out replacement. House republicans releasing the text of obama replacement bill last night. It is called the American Healthcare act. Congressman kevin brady and greg walledon responsible for obama repeal and replacement legislation, they crafted the bill that republicans can get behind, watch. The replacement longstanding policies of giving control back to states and individuals as well. We are making sure this is fiscally responsible as well so i see all the elements are there. We have been listening carefully to republican members. Maria joining us rich lowery. Hi, there. Maria thats a big deal with employer mandates, what do you make of this bill . Nothing is happening on the hill, but specially in the house, the wheels have been turning. This is the fruit of that. I think its a sound bill. I think it will pas the house. They are aiming mid april and the question is the senate where you have much less margin of error and its always like hurrieding cavs. Morgan we have seen four senators that are not happy on the medicaid side of things and you see rand paul is vocally repealing and replacing at the same time. In the white house says this is the first step. What do you expect the white house and senate to do, second plan or reconcile based on the plan . I think this will be the platform going on the senate. It will be changed. You are to reconcile the house and senate version. What will be ultimate pressure is this is a promise that republicans haveade election cycle after election cycle if youre rand paul and Susan Collins and youre saying no, im going to sink the whole thing, thats a tough position to be in and at the end of the day it also might get you in trumps twitter feed. Maria thats the point. We have no evidence that everybody is getting behind this. This replacement is facing opposition from republicans. Weve got this list to show you, four senators wrote a letter to Senate Majority leader voicing concern of the expansion of medicaid, do you think the president is going to get this passed. I think the odds are better than even. Complex legislation like this is always hard and looks like its going to fail even if it ends up passing. President trump will have to get involved and take a side on questions, what does the tax credit look like, theres a big dispute about that. How do you solve this issue between republican governors who didnt take the Medicaid Expansion and governs who did. If he pushes and twists arms and has guys down to play golf at maralago and saying, i need your vote, i think he can really help get it over. Dagen can i ask a big question, what does this bill do to Health Insurance and healthcare in this country . Is there any way to know . We dont know how much the gop bill will cost and we dont know how many people be retain insurance or lose insurance. Is there any way to really know . Will it drive costs down . Will it ensure even more people . It should drive costs down because its deregulating the individual Health Insurance market and this is why obamacare didnt deliver on this promises of reduced premiums because if you layer on a bunch of regulated benefits on insurance plans just its common sense is going to make it more expensive. If you allow people to buy down stripdown plans that give covers which ensures you against life majorlife events rather than routine visits, those should be cheaper policies. Dagen and charge older people more. Jon a lot of the costs are pushed back to later years, 2020 . Right. This is hugely complex. Theres a lot of moving parts but we havent Done Congress hasnt done basically anything in six years. We are unuse today this process. Its messy and complex. Maria it might lands them in trump twitters feed. Dagen i said that. I cant wait till he starts lambasting individual senators and congressmen and not just on the left either, not just chuck schumer. Maria its speaking of the president is speaking of. President tweeting on Guantanamo Bay, 120 vicious Prisoners Released by the Obama Administration from gitmo have returned to the battlefield. Just another terrible decision. This is true. Many of the Prisoners Released have returned to the battlefield, rich. Yes, this is true, its a Good Practice to put things in twitter feed that are truthful and have evidence behind them. The reason its so hard to close the place, we are now down to the worst of the worst that you cant try and you dont think you can release and its irresponsible just to release them to check a box away like prident trp wanted to do. Maria i dont know where this goes in terms of closing down gitmo at this point. I mean, obviously president obama let so many out, what do you think the president is going to be doing in terms of Guantanamo Bay . Hes going to be keeping it open. Maria remade that very clear. Ziro sense of keeping gitmo open. Dagen congress cannot move those to american soil. The president cant move them to american soil without approval. Morgan which is not going to happen. They keep them there and maybe expand the facility. Maria determine the validity of trumps accusation. Graham is also to meet with the president for lunch today. Obviously this subject comes up, rich. What are you expecting from this meeting . [laughter] lets invite ourselves to that lunch. [laughter] so with the tweets over the weekend as classic trump where he fired the bazuka. Maria he must know something, rich. The report aimed from anonymous white house aides who knows is he doesnt know anything and it was based on reporting thats out there. Look, the whole russia thing whether its the surveillance, whether its the leaks, whether its the socalled substance of the allegations having to do with perhaps coordination between russia and the trump campaign, lets get the facts out. None of us know, we are relying on papers that have agendas and no one really know what the truth is, lets get a Congressional Committee really to dig in on this and tell the public all of it so we could all make our own judgments. Morgan one point, though, according to hill director john kelly is that the president has evidence. Thats someone from the administration going on record. I heard it and seemed vague. I thought he must have evidence if he said this. Maria he know that is there were requests for fisa for surveillance, we know that and we know that the second request was granted. We dont know entirely what it is. It could have been against guys like Paul Manafort and arent the most reputable people and thats how you may pick up President Trump conversations talking to Paul Manafort and one of those guys. Jon is this how we Want Congress spending time and we have a big agenda, aca, fax reform . Dagen Michael Flynn there are conversations with russian embassador. Who was being spied on and why maria and why . Dagen and why was there a transcript of then private citizen, why did myriad of people in washington have their hands on it . Thats a perfectly legitimate thing to be upset about. Maria why in the last couple of weeks did he change rules so that all agencies can share information that wasnt dagen nsa information. Maria yeah. Maybe thats whats behind all of the leaks. The leaks are illegal presumably if these people are in government, they must be and they have taken an oath to protect information. They are using it. Its important to investigate and get the bottom of. If i were President Trump i would be less focused on fighting with the media and Intelligence Community and more focused on the agenda on the hill. To get it over the top it is going to take his engagement and congress as i used the phrase earlier its like herding cavs and needs president ial leadership. This is what he will be judged upon. Maria they say they can walk and chew gum at the same time. Dagen amen, hallelujah. Maria thanks, rich ooohh aaaahh uh hooooly mackerel. Wow. Nice. Strength and style. Its truck month. Get 0 financing for 60 months plus find your tag and get 5500 on select Chevy Silverado pickups when you finance with gm financial. Find new roads at your local chevy dealer. Maria welcome back illegal immigrant who has been deported five times accused of causing a deadly collision in southern california. Cheryl casone with the details. Cheryl la daily news reporting that sandra duran was killed when 45yearold Eduardo Alvarado allegedly slam intoed the back of her car last month. Alvarado was speeding on a busy road and hit a parked car and struck durans car and try today flee. Federal authorit alvarado was charged with five felony counts in connection with this accident including motor and vehicleular manslaughter. Alvarado pleaded until the to all of the charges. Facebook rushing into live video wasnt ready for the dark side. Wall street journal says Ceo Mark Zuckerberg gave employees two weeks to roll out. The main thing you have seen on the show, the journal says people have used it to broadcast at least 50 acts of violence including murder and suicides and also has lackluster viewership according to video partners. Verizon is now offering fiber optic data voice and tv package as prepaid service. They are calling it fios prepaid. You pay a deposit fee. No subscription and instead you pay with a debit card at the end of the month or you use cash at any verizon stores, for now its only available on the east coast. Obviously they are testingt out. Finally this for the first time ever, a 5yearold will complete in a Scripts National spelling bee. Edith ford, the youngest and won contest, which go ahead figure out what that means. She beat out be my guess, she beat 50 elementary and middle school kids. Maria wow. I think i would have had trouble with colloqial. Morgan at least i know what that means. Dagen they sit down and memorize the dictionary. No offense to this beautiful child, but their parents are helicopter parents and they make them sit down and essentially memorize how to spell every word in the dictionary. Maria wow. Good job with it. The president tweeting about repeal and replace. Look at this. President trump tweeted this, our wonderful new healthcare bill is now out and for review and negotiation. Obamacare is a complete and total disaster, it is imploding fast, we will follow the story as it develops, certainly, but the president is basically buying in to the healthcare bill that kevin brady is going to be telling us about today at 11 00 a. M. Eastern calling it a wonderful and replace bill. Morgan rand paul is leading with the Freedom Caucus today at 3 30 and many caucus members already came on the record against this plan, so this is so President Trump is going to have to show his negotiation skills. Dagen thats why Mick Mulvaney is so critical and hes going to have to sell it to them. Maria thats a good point. We need to take an ax to the entitlement. Dagen absolutely. Maria buzz surrounding snap vanishing. Plus pizza hut stepping into march madness, how the new sneakers could make it easier for you to order pizza, order it on your sneakers. Back in a minute ways wins. Especially in my business. With slow internet from the phone company, you cant keep up. Youre stuck, watching spinning wheels and progress bars until someone else scoops your story. Switch to comcast business. With highspeed internet up to 10 gigabits per second. You wouldnt pick a slow race car. Then why settle for slow internet . Comcast business. Built for speed. Built for business