Over the Iran Nuclear Deal. Fox news reporting President Trump will not recertify that deal later this week. Blake burman live from the white house. Were going to ask also dick cheneys former middle east adviser whether no deal is really better than a bad deal . And tax reform, well, we knew that would be complicated. But rumbling inside the beltway at this hour that reform might be too complicated. Will congress simply resort to simple tax cuts . Forget the reforms . Really . Representative tom reed, republican of new york on whether the gop will cry uncle on real reform. On wall street, as carly simon would say, anticipation. Here comes Third Quarter he didnt season. Were less than an hour to the closing bell on this 10th anniversary of the launch of the fox business network. Lets start the countdown. Liz and we do have this breaking news. At any moment, were expecting President Trump to welcome stanley cup champions Pittsburgh Penguins. The team about to be honored at the white hous
The one side deal to pass the 4 trillion blueprint of the budget unlocking that door to tax reform to begin and House Speaker paul ryan confirmation that there will be a fourth tax bracket dedicated solely for taxing the rich. Fair and balanced reaction is the budget now gets kicked to the house. New york republican congressman tom reid, democratic congressman of california, these are two high tax states that they come from. Theyll gaze into their crystal ball and see if the house can make this budget revenue neutral. Nothing neutral about this one single. Yes, he is. Youre made by a new york mets fan turning into a silent rally cry for the new york yankees and turning a nice profit at one Small Business in chicago. Well tell you why this Small Business is giving that thumbs down heard around the world a thumbsup. And its been nearly two months since Hurricane Harvey trash the Texas Oil Fields dragging gasoline prices up across the country. We have the ceo of Drilling Service Company C
Incredible slide for these shares which are down 50 this year. Thats going to take a very long time, a lot longer than people thought this is a broken growth story for sure they do 80 of their business in north america. Thats where the challenges are. Thats not actually surprising nike has had problems with north america. Everybody is having problems with north america, but youve got to the find companies that can have offsets nike does, so under armour, not only do they have north america exposure but they have product issues, right, all the performance stuff. They dont have lifestyle, thats going to take some time its still expensive because numbers keep coming down even though the stock prices come down, numbers are coming down pretty big time what plank said, we look to close out 2017 do not expect these conditions to improve, he said. Visibility is poor. Right, and youre hoping that kevin has thrown in the kitchen sink here. Do you go and buy this stock here absolutely not because
Federal reserve governor Jerome Powell will be the one to get the nod to replace janet yellen, who actually was up for it. There is a mystery here, why replace janet yellen with basically what many experts see as her identical twin when it comes to the pace, you cant be if youre a guy, fraternal twin when it comes to the pace of Interest Rate hikes . Powell in lockstep with janet yellen on just about anything. What dont we been him that makes him President Trumps number one choice . Powell would be by the way the first fed chair in four decades without an advanced degree in economics. No ph. D. Either. He is a princeton grad, law degree from georgetown and wealthiest Federal Reserve chair since 1948 with a career spanning from wall street to washington. Hes been a fed governor since 2012, a former assistant treasury secretary i believe under Nicholas Brady and former partner at private equity firm the carlyle group. Charlie gasparino in the newsroom, way out in front of the fed chair s
Republicans unveiling the plan today with hopes of reforming the tax system its been in place for 31 years. President trump touting the tax plan and applauding the efforts of how gop. Roll tape. President trump a lot of good things are happening but this is the final element. Tax cuts and tax reform and its an honor to work with my fellow republicans. I think were going to actually have some democrat support. I think its going to be very very hard for them not to support it because this is a middle income tax reduction and its a very big one. It will be the biggest tax reduction in the history of our country. Charles now of course we all know coming up with a plan is just half the battle. The other half actually getting it passed so will they actually get it done . Joining me now republican congressman a member of the Budget Committee and the Freedom Caucus congressman thank you so much for joining us. You bet charles. Charles i read your release. Youre excited about this. Why are you