baum or our allies will be met with a massive military response, a response both effective and overwhelming. maria: president trump takes aim at china over its trade ties with north korea appeared to follow up this morning. global market actions look like this this morning. tensions rising, futures indicate markets will open lower. dow industrial down 50 points a quarter of a percent lower. in europe checking averages, checking averages come against across-the-board the board, dx and germany 40% right now. in asia overnight, the stocks took a cue from some volatility last week at the end of last week amid the uncertainty and north korea. the nikkei average down as was the kospi. shanghai in china up a fraction. hurricane irma, powerful category four storm. states of emergency already declared in the nfl now considering moving the miami dolphins opening game. the floodwaters with hot arriving. houston police department honors one of its owner died during the storm. and into a cube on the air on the air a emigration caused president trump likely to end the deferred reaction for childhood arrivals program, better known as daca. congress returns to work. top republican leaders focusing on the tax reform plan. we would get into it. the deal of the day on wall street beginning to technology rockwell collins for $23 billion. that's the largest aerospace deal ever. all of this coming up this morning. three-minute talk about it, kirsten had been this year. "the wall street journal" jon hilsenrath in manhattan business program chairman brian brandenberg, great to see you. happy to be back. we've come back to all of these major stories, major deal in aerospace, but most importantly and north korea. >> don't forget on capitol hill, a lot of action that has to take place this month. wall street has a lot at stake about what they can and can't accomplish. maria: the markets are fractionally lower. we are talking about 12 days, brian, the house and senate are read together. will they get this done? >> their political future depends on getting this done in 12 days. they've got a focus like a laser beam. the world doesn't want to complain is giving them all sorts of other things to deal with. >> they tied together at debt ceiling increase in tension of the budget with the heart of the release so to everyone. maria: guesstimate billions of dollars that conservatives are really against that. a lot of difficult maneuvering. >> that is just one piece of it. >> it's amazing how harvey is change the political capital in washington. up until now compromises a dirty word and everyone is taking on these tactics. now, people sitting there in these floodwaters don't want to see more division in washington. they want to see things get done. maria: wall street is writing about it, d. with the idea of a shutdown over the near-term. we are getting into all about when we we speak with house majority leader kevin mccarthy joining us right writeup about this morning 8:00 a.m. former president of shallow oil. the officer of allstate corp., tom poston will talk with us about the insurance claims coming out of houston. a lot to talk about after hurricane harvey. our top story right now. north korea according to their reports the rogue regimes live in an intercontinental ballistic missile or a cbn towards the west coast. this comes two days after the north conducted at sixth and most powerful nuclear weapons test today. report of the hydrogen bomb. back in the u.s., diplomats and administration officials alike issuing harsh warnings for north korean leader kim jong sub one. >> nuclear powers understand the responsibility. kim jong sub one shows no such understanding. his abusive use of missiles in this nuclear threat show that he is begging for war. war is never something in the united states wants. we don't want it now. but our country's patience is not unlimited. >> kim jong sub one -- un they remain unanimous to the denuclearization of the korean peninsula. because we are not looking to the total annihilation of a country, namely north korea. but as i said, we have many options to do so. maria: joins us now to weigh in on all of this is the author of the collapse of china. gordon chang is with us. good to have in the program this morning. thanks for joining us. you think about what could be a solution from the u.s. side in terms of sanctions on chinese banks. talk to us about where we are right now. >> way of the president tweeting about a complete embargo on countries that deal with north korea. he didn't use that word, but that's what he was talking about. and just after that, treasury secretary mnuchin said i will put together president trump's plan and yesterday, nick haley and her u.n. security council speech mentions the same thing. this is where u.s. policy is going and i don't think we will stop all trade more than $600 billion when you look at goods and services. nonetheless we can see the administration going after enterprises that trade with north korea. ballistic missiles coming nuclear weapons items in the bank said on money laundering. we've got to mention and that could be across-the-board tariffs. and you have chinese companies that the banks are the important thing. you have for instance a few bucks down the enormous banks of china branch and they were named for devising and operating. a money laundry scheme in singapore and bank of china is duval didn't dirty business in another chinese city. >> i sanctions enough at this point to do anything to change the way north korea behaves? this is a country with a major famine in the 1990s to some estimates killed 2 million people. putin was the other day saying they rather they didn't give up their nukes. what makes you think sanctions would get anywhere? >> defense of sanctions are. if they are half measures as ambassador healy said yesterday, they're not going to change anyone's behavior. if their work cut out for a full embargo, you can be sure the people around kim jong sub one, maybe kim himself, but the people would change their minds. if we were to when plugged the chinese financial system to go after their banks, that would've brought the chinese economy could very well change the political system in china. xi jinping, the ruler is in the run-up to the congress starting up debris teams has to maintain stability. trump is a window of opportunity to really push the chinese a the chinese in better directions if these willing to show political will and political will is actually declaring bank of china a primary money laundering concern denying access to dollar accounts. maria: what are the implications of that? you were seen a few blocks away you got the branch in new york. >> of course there's blowback and we are accepting costs. maria: what are the pullbacks? >> the worst blowback as people start looking at the u.s. financial system is not being reliable, that we are going to use our political purpose, geostrategic purposes to affect the reliability issue. we've got to remember, we cannot allow any country to user system in criminal ways to launder money for kim jong un, drug cartels. we just can't permit that. the president needs to do something to at least ensure the integrity of the u.s. financial system. this is about criminal enterprises. >> we are talking about sanctions for a very long time. skeptics out there say that's not going to work. militarily, what's on the table? what are the possibilities sanctions just can't get it done? >> as they said come a tape of sanctions. her questions about military options. there is one military option we don't talk about and we really need to consider and that is interdicting north korean ships. we know north koreans saw big holistic missiles to the iranians. they can also send them by year which we have a difficult time dealing with across china. when they put them on the water, that is prime opportunity for the u.s. navy to stop this dangerous trade. we know the north koreans are selling chemical weapons to the series. we've got to stop that as well. this is something you have to go back to john bolton's proliferation security initiative to reinvigorated because this is something we can't allow. it's not just north korea. it's just the way the world works. we cannot allow people selling wmd. maria: south korea is tough right now showing its own power. do you think of the implications as a result of south korea's move? >> the implications of the president trump would not do what is reported to want to do, which is to terminate the u.s. south korea free trade agreement. the south koreans are bad traders and we really need to renegotiate as it's called, but not at this particular moment because we need our allies. this deal was never about trade primarily. it was about strategic issues that we need to solidify that a very volatile time. maria: when will we see real regime change in north korea? somebody's going to come and take this guy out. spin that the north korean people will do it because there's no a money culture and kim jong un is divorcing himself from society, losing support. not just regime elements around him but the north korean people who don't care for him. >> do you see it such a strong hold on power. >> china is not interested in now. >> yeah. the way to actually solve this is to give china interested by unplugging the chinese financial system. we do that the chinese will then do something important. they may not be over to convince kim jong un to give up his weapons that they can convince regime elements around him. those people are decreasing loyalty loyalty. >> want to just kill them? >> that's a whole other story. we don't know where he is. we know where he was on july 28th because he was walking around the missiles they are about to launch. most of the time we don't know where he is. >> they don't applaud enough at rallies. it's hard to think. >> north korea at this point it's not irrational at her. kim jong un is not irrational at her. >> they are so different. he surprises us. the kim family has its own pattern of conduct which received not only kim jong un, but is father and grandfather. they are very different than what we think, so we shouldn't be your image. maria: this is going to be what defines the trump administration. bigger than anything we've seen. >> this could be catastrophic or he could go down as history as a person to disarm kim jong un and i would be an accomplishment history would remember. maria: thanks so much. the president treats a big week coming up. the president's agenda hammering out a tax reform deal. we will preview the president for the big six delegation coming up. later this morning, kevin mccarthy would join me to talk about the legislative agenda coming out. they are back in session with us this morning. stay with us. my dell small business advisor has gotten to know our business so well that is feels like he's a part of our team. with one phone call, he sets me up with tailored products and services. and when my advisor is focused on my tech, i can focus on my small business. ♪ a dell advisor can help you choose the right products with powerful intel® core™ processors. ♪ ♪ ♪ let your data live wherever it needs to, but see it all in one view. the ibm cloud. the cloud for enterprise. yours. aggressive styling, so you can break away from everyone else. the cloud for enterprise. the bold lexus is. experience amazing. ♪i'm living that yacht life, life, life top speed fifty knots life on the caribbean seas it's a champagne and models potpourri on my yacht made of cuban mahogany, gany, gany, gany♪ ♪watch this don't get mad (bell mnemonic) get e*trade and get invested but maria: welcome back. hurricane un the move now to disarm could reach category five. both puerto rico and florida party declared states of emergency this morning. fox news senior meteorologist genistein tracking the development. good morning. >> advisory out at 8:00 a.m. a strong possibility we could have a category five. 150 miles per hour and that is a very good-looking hurricane right now. we are about six miles short of a category five is very possible we will see them in the next 12 to 18 hours. as they go throughout time, a strong category four as it makes a beeline across the northern westerner chilies in the bahamas need to watch this, has been a lead, cuba and south florida where we have a state of an emergent the end participation of them and telling this weekend. when we look at the scale, category five the highest you can go and certainly there is potential for the stirring to become a category five storm. computer models in terms of forecasting, all in good agreement to south florida, but i want to make mention the east coast needs to watch this. the gold coast and to watch this as well. that's when the car gets a little bit wider. upon uncertainty. forecast models that as we go towards the weekend a sharp curve to the north could mean a windfall hurricane across the peninsular florida and out towards the southeast beard again coming days ahead to watch this if you live in south florida from the east coast, gold coast, please pay close attention. i do want you to pay attention to the center of the storm. all of these areas need to watch for potential of irma impact. maria: janice dean current thank you. the death toll from hurricane harvey has risen to 60. cheryl casone with this story. maria: 30 of those deaths occurred in harris county, texas alone. most victims died from drowning where some emergency personnel couldn't get to them in time. power outages but the indirect older the people and count as harvey related deaths. medical equipment like oxygen tanks have lost power for those people. members of the houston police department came together yesterday to salute fallen officer steve perez drowned in his car on his way to work during the worst of the flooding. fellow members of the houston police department saluted terrazas whose body was body was transported to the funeral home. he was two days away from the 61st day. heading out west now, firefighters battling the largest wildfire in the history of los angeles that they did get a break from the weather yesterday. lower temperatures, later went to knock down the fire that so far has 7000 acres. officials say 30% contained. officials say there's no act of fire left but winds could easily get it going again so they are on alert. the fire destroyed four homes and forced evacuations of 700 people. road closures happening in burbank and glendale. they scare in the air for a japan airlines flight after he heard straight it going triple 37 -- was heading from new york to tokyo. they had to return for an emergency landing. the airline spokesman said the birds talked on the left and takeoff. luckily no injuries reported. the purchase of airline parts maker rockwell collins by united technologies has been approved by the board of both companies. the $23 billion deal, biggest aerospace purchasing history will pay 140 bucks a share in cash and stock for rockwell. rockwell collins at more than 40% so far this year trading higher in premarket as you can see the united technologies under pressure in the premarket down 4% in the last hour or so. maria: thank you. he looked deeper into the deal in terms of aerospace and what happens next. we'll take a break trip of a comeback, despite the increase with north korea, global market opening bell at home. markets are down about 50 points on the dow. wilco's ipo, will a search of cash up the company against apple and google? all macs. --. before i had the shooting, burning, of diabetic nerve pain, these feet... loved every step of fatherhood... and made old cars good as new. but i couldn't bear my diabetic nerve pain any longer. so i talked to my doctor and he prescribed lyrica. lyrica may cause serious allergic reactions, suicidal thoughts or actions. tell your doctor right away if you have these, new or worse depression, unusual changes in mood or behavior, swelling, trouble breathing, rash, hives, blisters, muscle pain with fever, tired feeling or blurry vision. common side effects: dizziness, sleepiness, weight gain, swelling of hands, legs, and feet. don't drink alcohol while taking lyrica. don't drive or use machinery until you know how lyrica affects you. those who've had a drug or alcohol problem may be more likely to misuse 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average in japan down two thirds of a percent of the hermit kingdom gears up for another missile test. jmp marc lehman. good to see you. thanks for joining us. if the market focused on south korea? what is the thinking behind this rising tension? >> well, it's been focused on north korea every third or fourth day. it does seem like after those days have been muted language it calms down a little bit. i'm hoping us to go into labor day and into the fall the market wants to be constructive. a lot of good things going on with the market and i hope tensions diminished and we can get back to trading stocks and get the stock market higher. maria: the stock market was catalyzed higher last week before events. hurricane harvey leaving a trail of destruction in its wake, but actually called the risk a debate in washington. the white house republicans delay their showdowns until december. >> i don't think that's inaccurate. when we hear democrats and republicans talking about doing anything together, the market likes that. there are opportunities for congress to work together, passing the agenda with that feeling, tax reform, what the market would like getting back to earnings growth where we can have some ideas in the public market and. >> i want to ask you about this united technology rockwell deal. we seem to be living in a moment of monolithic companies. you've got amazon dominated the retail space. now you have united in making this big deal. what does this mean for investors in what is aiming for workers when you have so many big companies to dominate the economic landscape? >> means a couple things. companies have a hard time growing in if you like they can grow and get more efficient with more workers. richard also said about job growth is it does usually lead to jobs being lost. big company mergers obviously provide legal departments. it also says all the job growth, a lot of the job growth we've seen has been emerging growth companies. if you look at statistics, dashed >> would've less now because the big guys are dominating so many markets. from an investor perspective, should they be putting their chips on the blue chips and not the smaller? >> as you said a lot of investors looking at the companies. emerging growth companies have gone public yet these are the winningest owners. you look at all the job creation, the market created. facebook, amazon, google. three of our largest companies. maria: let's not forget if we were to get tax cuts on the corporate level, that's a big pots for smaller companies. >> jmp along with other firms working with people like the national venture association, u.s. chamber of commerce to get regulation to diminish and that is democrats and republicans. you look at the jobs act five or six years ago. we are working on that again. to see more job creation. >> how much does the market care about that? >> up a little bit more optimistic. even now it will be okay. the grand bargain, the thing people are talking about because they rarely have been. i am much more optimistic. they need something to get done. the calendar turns to 2018 very rapidly. maria: let me ask you about the ipo market. the device maker rocco looking to go public to become a leader in the war is going up against apple, amazon, google. what is your take on this ipo and what are the big biotech's last week that opened the floodgates. >> i hope so. that would be certainly good for jmp in the lehman family. import bank of the ipo is see innovation not just intact, the biotech wake, the biotech like you said. more innovation and whether it can technology. roku will have a lot of eyes on it because there's cord cutters that we talked about. but i do think there's an opportunity with less regulation and we need that. that's what this market really desires is more the buyers are there. tran do you put new money to work in this market. >> it would appear boosting a little test on the bottom side. i think bonds are not going a lot higher 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jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so now that you know all that, what do you think? that it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters. fox business is taking you live to cover the event starting at 11:00 a.m. eastern to general jeff sessions briefing. the administration looks to go all in in getting something done regarding taxes. house majority leader kevin mccarthy spoke about the need of reform. >> economically we need to do. america is at disadvantage with the world. we need to make sure that we bring money back to america, invest in america, create more jobs, we will get that done this year. maria: we will speak with majority leader mccarthy and find out tax reform this year. another hurricane set sites in the united states this morning, florida has declared state of emergency as hurricane irma strengths in the atlantic, the nfl's possible plans to move the family dolphins season opener ahead. the new threat as texas looks to come back from harvey's devastating toll. major how acquired daily news about spending one dollar. swinging for the fences in la. one major league slugger joins the exclusive club. markets are looking lower, take a look at futures. down almost a third of a percent. nasdaq down a quarter of a percent with decline of 14 points right now. in europe major averages look like this. the dax index is up 1 half of 1%. in asia overnight maets were mixed as the worlds watching north korea. our top story tis halfn hour, busy week in washington. president trump tweeted as much saying late last night, quote, big week coming up, unquote. the commander in chief will meet with the so-called big six at the white house today as the administration makes a major push to tackle tax reform. the group includes speaker of the house paul ryan, senate majority leader, mitch mcconnell, and steven mnuchin and directional of economic council gary cohn, orrin hatch and kevin brady. all of those people going to the white house to meet with the president today, i want to get your take on how realistic it is to get something done in this 12 days, what's your take on the upcoming meeting? jon: they will not get anything done, they have the debt ceiling and continuing resolution for spending. the question is whether they can get something done into october or november and i think the expectation right now is that they have to do something but it's going to be smaller than grand ambitions than anybody had at the beginning of the year and the president was elected. maria: at this point people are just expecting, hoping for tax cuts. >> what's interesting in the missouri speech last week, we did start to hear a few more details, way back earlier, they came back with a few bullet points, the fact that we are starting to see flesh out a little more, however, battlegrounds are being drawn among republicans and democrats. senate majority leader mitch mcconnell has the same issues to deal with as health care. gop and how do we pay for the tax cuts which we all know that we need and you have democrats lining up, if there are any tax cuts for the wealthy which we all know it's a way of framing the conversation and not accurate, they are not going to do one point. jon: the point you make about details is so important. the plans that have been coming out have becoming more vague as they lo along. the president's tax proposals as a candidate were much more specific then what they put out in april and even more -- and even more vague back month a sorry ago when the big six group came out and came with agreed upon plan and the only details that they weren't going to do import-export tax. >> you're seeing the conversation evolve a little bit. we know it's probably focused on middle class. probably not 15%. you're seeing evolution even as we haven't seen. maria: do they need democrats? jon: if they do something temporary, i don't know that kind of impact that has on investment. maria: are we going to have the kind of fight that we had over health care? reforming the tax system is much more important to republicans, 70% want tax system reform, 29% of democrats want the tax system reformed, so you don't have the kind of influence on the democratic side as usual because it's part of the president's agenda. jon: your question is simple, what's in it for me? what will they get out of it and i haven't seen republican -- maria: how about economic growth, how about jobs? jon: trump gets credit for the jobs. not only where is the credit -- maria: why did you take a job in congress? jon: what policies that they hold dear get advanced? maria: i understand what you're saying. >> they won't hold onto anything that will benefit the wealthy. >> that's why the tax cuts won't pay for themselves. these will be temporary tax cuts, temporary, they are not going pay for themselves, the corporate tax cut, they will try to make that permanent. exactly what you said, what you didn't want is what you're going to get because of tax crunch. maria: let's talk about immigration. attorney general jeff sessions set to hold briefing at 11:00 a.m., live on the president's plan for childhood arrivals or daca, kristin, what do you think about this, there's been really a debate on the president's plan to end this program after six-month delay. >> highly emotional debate right now because people say we are sending 800,000 dreamers home, really what's happening, the facts are that this is an executive order that ten states are getting ready to sue the president. maria: including new york. >> let's get a legislative solution one that includes republican and democratic ideas on this so they can be permanent law and not just executive order. it will actually afford more stability for those dreamers going forward. maria: again, you're not going to get the support on the dem side, how do you get -- >> there's already actually a bill in congress that both have agreed upon parts of before, there actually is, republicans know, democrats they love this bill, the dreamers act, the republicans know that this is an constituency going forward. they can't afford to completely negligent dreamers who can potentially be republican voters. jon: republicans are divided on this issue too? >> house speaker paul ryan. >> let's make the deal, let's do something on daca and maybe let's do something on wall funding or e-verify, isn't he just inviting a compromise and a deal here. >> the democrats will never compromise on the border wall. maria: because of harvey, they have pushed that out to december, have agreed they won't push for the wall funding right now. >> yeah, absolutely. hurricane harvey funding is much more important. jon: the president hasn't figured out how the guys working together, it's a very complicated beast, it's not a board of directors that he might have been involved. he hasn't figured out to get pieces together. maria: yeah, we will cover that this morning. ly ask all of the questions with house majority leader kevin mccarthy, he's coming up at 8:00 a.m. eastern, special interview as business gets back to work now after the summer. coming up a slow return to normal, one week later, businesses damages, health concerns and $180 billion need today help get texas back on its feet. massive effort coming up. in houston with live report after the short break. we are watching the owner of chicago tribune and la times reportedly adds the daily news to portfolio. coming up. and then you totaled him. you two had been through everything together. two boyfriends, three jobs... you're like nothing can replace brad. then liberty mutual calls... and you break into your happy dance. if you sign up for better car replacement™, we'll pay for a car that's a model year newer with 15,000 fewer miles than your old one. liberty stands with you™. liberty mutual insurance. ♪ can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you. maria: welcome back, happy tuesday, everybody, markets are looking lower, futures are indicating a decline about 60 points on the dow jones industrial average. we are looking on a couple of names on the move, we are watching shares of trunk, trunk will not pay anything for the acquisition, it will assume all the papers operating expenses. you can see from that chart. second-quarter earnings after the earnings tonight. seventy-seven cents a share. shares of dave&busters are up. let's look to texas. most of the victims who lost everything did not have flood insurance. fox news national correspondent will carl live in houston with if latest on the aftermath of hurricane harvey. will, good morning to you, what are we looking at? >> well, good morning, maria, the mayor of houston has come out and said that the city is open for business but when you come to parts of west houston like this neighborhood, you can see the streets are still swamp, the only way residents can get back in by boat and you can really see the impact. there is still water all over this part of the city, 85% of those impacted through this storm did not have flood insurance. now, yesterday we came into this neighborhood with one home owner, lisa, she showed us how much water is throughout here. she has no idea when she'll be able to get home. i asked her how she's coping with this, take a listen to what she said. >> i have friends and family who have supported me and they were e-mailing me and texting me every hour making sure i was okay, i did cry a lot, i was -- i had some bad sleepless nights but i will tell you with friends and family and the love of the houston, community we got through this. >> and we have seen that positive mentality from so many texans but there is frustration because the homeowners in this neighborhood don't know when the waters will go down. we are told that the water could stay at this level for several more weeks. there is a little bit of help, the house is set to vote on a financial aid bill of $8 billion, maria, you can consider that a down payment on rebuilding this community, maria. maria: thank you, we will get back to you, will carl this morning live. first the money and now the muscle, j.j. watt lends a hand in houston after fundraising record nears a new massive amount, we will tell you how much. university of iowa that gives hundreds of sick kids the best seat in the house. back in a minute. maria: welcome back another hurricane threatening the united states and an and a half game this sunday, jared max with the latest now. jared. >> maria, good morning, because of hurricane irma and unpredictable path the nfl is considering rescheduling sunday's game in south florida between miami dolphins and tampa bay buccaneers, the dolphins and bucks, they play another day, maybe in another city, according to the associated press, the nfl is talking about moving the game to thursday or friday or different location because of the logistics in moving the game decision would have to be made by today, houston texan j.j. watt fundraiser is $350,000 of raising $20 million in just over one week. 70,000 people have signed petition create bed change.org to rename highway 99 the j.j. watt parkway. did you see this over the weekend, stacy lewis has lived in the region since 11 won and donated entire winnings to the houston relief fund. lewis sponsors contributed, kpmg matched donation and added $1 million. bitter rivals, team up to raise money for harvey relief efforts, in a joint venture, yankees and red sox donating all proceeds from sales of autograph jerseys and game september 3rd to hurricane harvey relief also up for auction, the great flag we saw, part of ceremony in new york and also home plates, o for the red sox and yanke signed by all players, one, two, three, four. no, it's not the start of a song, how many home runs j.d. martínez. home runs against four different pictures no less. arizona's 13-0 win over la dodge ers. >> j.d. martínez, it's gone. j.d. martínez, four consecutive plate appearances. >> victory against the dodgers, the win streak goes to 11. [laughter] maria: a heart-warming new tradition. jared: love it. maria: after the first quarter of the iowa-wyoming game saturday, the entire waved to the university hospital overlooking the stadium. look how beautiful the shot is, jared. jared: what's so special it carries special place of the heart of coach, they lost a grandchild who was 21 days old won prematurely and donated a million dollars to the hospital and you talk about one person can make a difference, somebody oh was an a hawk eye fan, let's come up with this as a new tradition and now this is going to be the deal, everybody in the crowd is going wave to all the families and children at the children's hospital overlooking the football stadium on saturday. jon: do they stand at the windows and get to watch the game. jared: yes, they can overlook, they are seeing the entire football field. maria: we showed this, great shot because the hospital is right there. >> incredible. it brings a lot of hope that there are good people in the world, still good things happening, people coming together and all the stories that you mentioned about the sports community coming together to help with harvey relief, i mean, it's just incredible. why we wait on congress to pass a multibillion dollar aid package which is more than a couple million, you see people responding and it's inspiring. jared: j.j. watt went to congress could probably get things going. jon: not just athletes that are doing it, it's everyday americans, every american, the athletes get a lot of attention and god bless them for helping, there's so many people out there who are just driving. maria: you're right. john: taking boats or doing whatever they can. somebody like j.j. watt, he's going to set a tone, people are going to say one man making a difference and increase what you're saying, increase individual participation. jon: noncynical way, you talk about endorsements and contracts and all of this, these are people doing good things. jared: i agree with what you're saying with j.j. watt, inspiration, people want to emulate, hey, i want to be like that, goodness is contagious and what a nice thing coming from the nfl right now. >> they need a good pr. maria: catch jared fox reports 24/7 or siriusxm 115. still to come, refineries are starting to come online but gasoline prices are already spiking, what is the energy fall-up from energy harvey? we will get some answers next hour on mornings with maria. stay with us so let me get this straight. you're a rabbit? im vern, the orange money retirement rabbit, from voya. riiight. and that means...? i'm the money you save for retirement. i help you get organized so your money could multiply. see? got it. who's he? he's green money for spending today. you know, paying bills, maybe a little online shopping... makes it easy to tell you apart. that, and i am better looking. i heard that. when it's time to get organized for retirement, it's time to get voya. listen up, heart disease.) you too, unnecessary er visits. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cost inefficiencies and data without insights. and fragmented care- stop getting in the way of patient recovery and pay attention. every single one of you is on our list. for those who won't rest until the world is healthier, neither will we. optum. how well gets done. for tech advice. dell small business advisor with one phone call, i get products that suit my needs and i get back to business. ♪ [he has a new business teaching lessons. rodney wanted to know how his business was doing... ...so he got quickbooks. it organizes all his accounts, so he can see his bottom line. ahhh...that's a profit. know where you stand instantly. visit quickbooks-dot-com. maria: welcome back, good tuesday morning, thank you so much for joining us. i'm maria bartiromo and it is tuesday september 5th, welcome back, your top stories right now 7:00 a.m. on the east coast. north korea ramps up provocations again. kim jong un reportedly gearing up for another missile launch. u.s. embassador to the united nations nikki haley still pressing for diplomatic efforts but she say it is regime is now begging for war. >> we have taken an incremental approach and despite the best of intentions, it has not worked, the time for half measures in the security council is over. time has come to exhaust all diplomatic means before it's too late. maria: we will take you live to south korea this morning as the country holds another round of live fire drills, japan is preparing for evacuations, checking the global market action this morning, tensions are rising and the markets are dropping, the dow industrials at the lows of the morning expected to open down 70 points on the dow, 13 points lower on the nasdaq, s&p 500 down a third of a percent right now. in europe stocks are around the flat line, they had been higher earlier in the morning but causing declines to accelerate in europe. the dax index is positive, up 1 and a half of 1% right now. in asia mixed performances to report. worst performance was japan, nikkei average down. hurricane irma likely heading to florida this morning, we have the latest as the storm's path continues this morning. helping harvey victims, congress has agenda, passing legislation to pass harvey relief. the vote set for tomorrow and we have the latest, major security change at major airport, people without tickets will now be able to pass security, the details on why coming up. and career change for super mario, video game icon, no longer a plummer, what he's doing now and what is causing such debate. all the stories and joining me to talk about kristin haglund, wall street journal jon hilsenrath is here and the king's college of manhattan business program chairman brian brendberg. great to see you. now we've got a lot on the agenda just a couple of days left, jon hilsenrath, for the house and senate to get serious legislation. jon: right, one of the things i'm going to be looking for whether the harvey relief bill could be coming up as soon as tomorrow has debt dealing extension attached to it because that will diffuse a lot of anxiety. maria: the worry about government shutdown goes away, at least until -- until december? jon: depends on how far they extend it, but there's a lot of talk about them attaching some of this to harvey and then getting that stuff out of the way and moving to heavy-lifting of doing tax reform. maria: and then there's north korea. we have a lot to talk about kevin mccarthy and also joining the conversation this morning the former president of shell oil jon hoffmiester is here. lot to come. big show ahead. don't miss a moment of it. we kick it off and that is north korea, moving intercontinental missile towards the west coast, two days after the country conducted sixth nuclear weapon's test to date. this time reportedly a hydrogen bomb. james mattis says the u.s. is prepared to deal with the hermit kingdom entirely, watch. >> we have the ability to defend ourselves and our allies, south korea and japan from any attack and our commitments among the allies are iron clad, we are not looking to the total annihilation of the country namely north korea, but as i said, we have many options to do so. maria: joining me now is the act's on institute director, paul. paul, thank you so much for joining us. >> good morning. maria: what do you make of this aggression from north korea, you heard what secretary mattis said, we are not looking for annihilation but can be done. >> right now kim jong un know that is the chinese are not prepared to do anything to change his behavior and that is the age-old problem of diplomacy, two countries, the united states of china, interests are not in line and it's the job to make china change interest or understand that its pursuit of interest where north korea remains tormenting the united states is ultimately not going to be in their interest, whether that means huge trade war, whether that means just the pressure of japan and south korea becoming nuclear states themselves, but it really is crunch time. i appreciate what nikki haley does, but whatever the united nations does is not going to change anything. it's between china and the united states and the united states getting china to understand it is not in their interest to continue what the past 30 years have been. >> paul, kristin haglund, here, of course, we have seen dialogue come out from the president and others in the administration recently about a potential, what would effectively be a trade embargo on anyone who does business with north korea, you mentioned that we need to make china see that this is in their best interest for something to happen with north korea, something to clang, what's your view on these potential embargoes, is that the kind of strength that we need to actually make some change? >> i think that what the chinese government should understand is that the president of the united states is willing to hurt them seriously economically, which of course, there's pain for us as well but much greater pain for a country like china not just economically but politically. xi jinping, he's trying to be the most powerful leader since mou and on his way to do that, he doesn't want any disruptions, now the time of the president of the united states to make it as painful as possible on what the future will be if he doesn't help us change the direction of the north korean regime. i think the united states is able to withstand the trade war if the president insists upon that. it's either that or we face nuclear blackmail for good. i would add one other thing, china should not think that north korea with iran nuclear agreement is never a threat to china. >> paul, we are talking about getting much tougher with china, enterprises with banks but obviously the reason we haven't done this before, this isn't a new issue, the reason we haven't done it is because there's a cost to the u.s., should you talk if americans should get prepared prepared if we get economically as tough with china as we are talking about here? >> i think a reason we haven't done it before, brian, is we have feckless diplomacy, naive people in power that we could manage this with pure diplomacy not backed up by force. as to the pain, yeah, i think that if you tell americans the iphone will be delayed, it'll take longer, it'll cost more, a lot of that will be painful but the polls are hear, americans are very concerned about kim jong un having nuclear weapons and the chinese have even more reason to be worried about harm to their economy, china is not a stable country. i think you had gordon earlier, he has been talking about for years, china is not in a position to weather economic hardships and our government needs to make that clear, jim mattis is making that clear on the military side and i hope privately they are making clear to the chinese government. jon: you talk about feckless diplomacy. this problem is now in the hands of donald trump to deal with, he will get the credit or blame on how this plays out, isn't this on previous u.s. presidents, president clinton, frankly president bush himself and also president obama for not being tough enough on this regime and not taking hard actions earlier before we got to this point. >> i think that's exactly right, i worked for one of those, george w. bush whom i honor greatly and president obama made it much worse to assume like a guy like kim jong un had any interest in not having the nuclear weapons that he needs to protect himself from everybody around him, not his own people, he doesn't need nuclear weapons for that but all those regimes around him. he's the problem. we should not forget, this is a regime that is the problem and it has always been a problem and china played a game and now they have a rabid dog they can't control. maria: stay with us, we want to get your take on what happens next. south korea as we speak is conducting a second live fire exercise as japan is also preparing for evacuations from that country. fox news senior foreign affairs is in seoul this morning. greg, what can you tell us, good morning to you. >> hi, maria, we have been to seoul, south korea on numerous times, a little bit edgier in the past, there could be more, quote, gift packages coming the way of the united states, one of those gift packages possibly, what reports are saying in the last two days, yet another intercontinental ballistic missile being moved to the east coast of north korea, possibly for yet another launch, no confirmation of that, this as, yes, the south korea military is out doing saber rattling. the navy in operations including a guided missile vessel. all of this, of course, in response to this past weekend's nuclear device by the north korean regime, kim jong un, i talked to one of my closest experts on this, his words, alarming, significant special write if you match that thing to an intercontinental ballistic missile and points out to the united states, he calls it a city buster, no wonder folks are making plans to get out of this country just in case, japan reports saying they are going to look at getting 60,000 citizens out if there are provocations, 200,000 americans including 28,000 u.s. troops, they have practiced that as well. again, we have here numerous times, big difference and one of the big differences is folks don't know exactly how the trump administration will respond to what kim jong un has been saying and doing, thank you. maria: yeah, greg, that's certainly to thing to watch. what will the trump administration do. greg, thank you, greg is live this morning in seoul. paul is still was, your reaction to south korea this morning, paul. >> i think south korea is getting ready and japan is as well for the day when north korea stays nuclear, we've not done what we need to do. china has not cooperated and the united states is going to remove our nonmilitary personnel, we are going to be prepared for whatever comes next and nuclear weapons will come back to south korea and they will come to japan, there won't be any options for those countries if they face a north korean regime that's not now going to be curved in any way. i wouldn't call it a withdraw in from the united states, this is a president, president trump, the united states will not be on the hook, we will be prepared to defend ourselves but countries will have to do a whole lot more and this is the message to drive home to china, the very thing you want the least in this world is for japan and south korea to have the means to take you out as well and they will do that if there's not a curving of north korea. this is what the crunching is all about. it's convincing china that the worst thing will happen to them if they won't help us now. the window may be closed, maybe too late. i hope the administration is going to try. maria: what do you think about gordon chang's idea, the columnist was with us this morning, the u.s. needs to impose sanctions that will threaten china's banks like the bank of america? >> absolutely. that is what crunch time means. i know i keep saying that. either we do these things now, trump is a war munger, he needs to ignore all of this because it's either now or never, if he does those things i believe the chinese do not want to face those risks. jon: the trump administration is talking about pulling out of the u.s.-south korea trade deal, is that a good idea with a key ally in a time of crisis? >> i wouldn't do it. i would make it clear that i would deal with this -- i'm a free trader and i never thought you get free trade with a bunch of bureaucrats writing documents much less if legislators touch them. but that is a minor issue now considering what we are facing and it's never been that big of a trade problem. i mean, i know there's a deficit but it's not big like méxico or something like that in the past. so ill not do anything other than make that a political statement but worry about it later. maria: all right, we will leave it there. great to get your insight. thank you so much. paul joining us there. stick was, i will talk with house majority leader kevin mccarthy coming up about north korea, harvey funding and tax reform all coming up at 8:00 a.m. eastern. coming up next, preparing for irma, puerto rico and florida have declared states of emergency this morning as the category four heads to the regions. pittsburgh first u.s. airport to allow public pass security without a plane ticket, more details on tsa pilot program next. ♪ casper's truly changed our lives. ♪ a mattress of unparalleled value. love at first night. ♪ (grunts) i'm a softer, happier, friendlier version of myself. 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(kisses baby) transform your life at casper.com try their mattress for 100 nights with free shipping and returns. casper. dicaller: my husband-he'scy. having trouble breathing... first responders hear it a lot. and everyone age 65 and older needs to hear it, too. the flu, and its complications, can be deadly. especially for those with a chronic medical condition. that's why there are higher-strength flu vaccines- made for seniors. ask your doctor or pharmacist for a senior flu shot. do it today. before the flu... becomes an emergency. dispatcher: 9-1-1 caller: she has the flu, please hurry. maria: welcome back, now hurricane irma now a category 4 storms barreling towards the east today. cheryl: puerto rico and florida have declared state of emergency, irma has maximum sustained winds of 150 miles an hour. officials in the caribbean are now canceled flights, they have closed schools and urging people to get ready with irma moving toward land later today. florida residents heading to the stores to get food, water and building supplies, of course, to protect themselves and their homes. another headlines this morning, today is the deadline for insurance companies to file 2018 prices if they're going to be in the obamacare exchange, at the same time regulators are struggling make decisions on how to handle pricing and coverage all because of uncertainty over federal policy with regards to health care. usually there's a process review the insurance companies offerings and goes on sale to consumers november 1st, they'll still go on sale but a lot of confusion right now. jiménez is going to step down on february 1st, 57-year-old has been at the helm of the company since 2010, now, he has focused profitable prescription medicines particularly when it comes to cancer but sales have been hit as drugs lost patent protection. shares up about 15% so far this year. finally this, this is interesting, pittsburgh international is going to open boarding terminals to non-flyers, let non-flyers come through security, hang out, go shopping, grab food. anyway, you to go through all the same screening as those catching flights, you have to have id and vetted against any no fly-list, security will be the same but airports have so much stuff now, maria, i think my friend should come to the airport with me and see me out. maria: you will be able to get behind security and say good-bye to friends. jon: why to i have to stand in line behind more people? maria: say goodbye before security. it bothers. >> the change that we are going the make change. we are going make changes let's go do something else, let's be able to carry laptops and keep our shoes. maria: don't miss the gun. >> you can go with no hoes and no ticket and still get to the gate. >> sometimes it's nice to say goodbye to people and have alone time, check in. i don't always need people coming back to the gate with me. maria: i don't understand the reason for this. >> keep us safe and get us through the line as fast as possible. this has nothing to do with these two things. bad idea. jon: stay out of pittsburgh. maria: coming up cracking violence in chicago, 42 shootings, how police are responding straight ahead. secretary mnuchin is weighing in on tieing federal support to harvey to the debt limit bill. >> without raising the debt limit, i'm not comfortable that we will get the money that we need this month to texas to rebuild. maria: more on that, coming up. this is not a cloud. this is a tomato tracked from farm to table on a blockchain, helping keep shoppers safe. this is a financial transaction secure from hacks and threats others can't see. this is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. this is not the cloud you know. this is the ibm cloud. the ibm cloud is the cloud for enterprise. yours. the ibm cloud is the cloud for enterprise. so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. maria: congress is back at work returning after the summer holiday with a tight timeline to deal with the debt limit, the debt ceiling and pass aid for harvey victims, tracee carrasco on capitol hill this week. tracee, good morning to you. tracee: good morning, congress will need to hit the ground run if they want to get everything done. late last night president trump tweeted, big week coming up. now the first order of business is going to be passing that hurricane harvey recovery and the trump administration is asking for approval $7.85 billion and on fox news sunday, treasury secretary steven mnuchin proposed attaching the recovery aid to legislation, that would raise the nation's debt ceiling, here is what he had to say. >> the president and i believe that it should be tied to the harvey funding. if congress appropriates the money but i don't have the ability to borrow more money and pay for it, we won't be able to get the money to the state. we need to put politics aside. >> meanwhile chairman mike walker would oppose mnuchin's proposal to tie the two together. here is what he said in a statement, quote, congress is united behind this effort but i worry about jeopardizing an agreement with such legislative game, our obligation is help those affect bid the great flood but time swamp waters in dc recede as well. these two principles are not at odds. now, congress also must keep the government up and running after current funding expires on october 1st as well as raise the u.s. borrowing limit or risk defaulting on the nation's debt and what about tax reform, the big six, that's the key players in the gop tax reform effort. they're scheduled to meet with the president today at the white house, that list includes speaker paul ryan, senate majority leader mitch mcconnell, house ways and means chairman kevin brady, orrin hatch, treasury secretary steven mnuchin and white house economic council director gary cohn. maria, while the house and senate are in session for just 12 days in the month of september. a lot to get done. maria: all right, tracee, thank you. jon hilsenrath is with us this morning, can congress come together on this? to hear mark walker say, we've got to be compassionate as well as fiscally responsible opposing any attachment of the debt ceiling situation to harvey aid. jon: this might be a case where you actually have republicans and democrats working together because democrats you saw argue during the obama era that they we wanted to raise the debt ceiling cleanly without a lot of conditions and i think they're willing to go along with this, they're willing to go along with harvey funding and we heard secretary treasury mnuchin, he and the president wanted to do this too. this might be unusual case where is there's actually bipartisanship. >> these are always the games that congress is playing. mnuchin has one thing on his mind, he wants to get tax reform. if this is the path to get there, this is the path we need to take. it's not gamesmanship, it's the process. >> it's not the time to walker that are deficit hawks to be making the argument. jon: if you don't do debt ceiling they'll be a lot of mayham. maria: exactly. we will speak with residents in houston about recovery efforts next. look at gasoline prices after flooding in texas, a breakdown expectation with former shell oil we found out how many years that money would last them. how long do you think we'll keep -- oooooohhh! you stopped! you're gonna leave me back here at year 9? how did this happen? it turned out, a lot of people fell short, of even the average length of retirement. we have to think about not when we expect to live to, but when we could live to. let's plan for income that lasts all our years in retirement. prudential. bring your challenges. the .. .. i count on my dell small business advisor for tech advice. with one phone call, i get products that suit my needs and i get back to business. ♪ and her new mobile wedding business.tte at first, getting paid was tough... until she got quickbooks. now she sends invoices, sees when they've been viewed and-ta-dah-paid twice as fast for free. visit quickbooks-dot-com. maria: welcome back. good tuesday morning. thanks for joining us today. i maria bartiromo. 5th. 7:30 a.m. on the east coast. excepting the devastation. massive cleanups in southern texas at the area struggles to recover from harvey's wrath. the storm taking it on the energy sector with a cash shortage in the region, raising prices across the country. >> rewriter diesel completely. there's no gas anywhere around here. >> it's ridiculous. i had a quarter of a tank left and i have to go tomorrow. >> i wanted to wait it out. maria: the latest on the cleanup effort this morning. the escalating violence after at least 42 people are shot over labor day weekend in chicago. new details in the toccata airbag settlement, the amount in the end of honda owners could receive as part of a class-action lawsuit. many troubles getting in the way of work, home players are paying for their employees financial concerns. we've got it this morning. first you need to bomber? while putting away the ranch, closing the valve on his famous career. take a look at future is indicating a decline of 60 points on the dow jones industrial average and the certainty of north korea and its provocations and their market. markets are mixed. take a look. i gave earlier in the program but things have turned mixed with attacker on in france and the ft 100 in london down four points. the dax index strong in germany at three quarters of 1%. in asia overnight, mixed performances. top story this half hour. houston beginning to dry out, but texans now facing new flooding threats. correspondent griff jenkins is light in houston this morning when residents are being asked not to shower. good morning to you. >> hey, maria appeared that is right. two west houston water treatment plants under eight feet of water after 7:00 p.m. last night asking residents in the surrounding area to flush their toilet less finish our last and not run the dishwasher or longer because they don't want sewers to back up any more. that the situation. most of houston, 95% is drying out% is drying out as residents dragged their debris out to the street come in just a massive undertaking and dozens of homes. the west houston area where the fighting continues because the reservoirs would put a drone updated, the home still flooded some 4000 of them as they release water for the next 10 to 14 days. we asked one of the residents had been evacuated how he felt about it. here is what she had to say. >> ali wanted to do is seal things up in plastic bins that can last for a month and that month and let the swampy water sit for a month in my house and contaminate everything upstairs, too. i'm incensed they are not letting us in to take care of our homes when we had no warning. >> the water will continue to be a problem for amy and thousands of others come a few thousand residents here in west houston as the story plays out, maria, certainly the legacy of this story is going to be water, not wind. maria: will be watching. griff jenkins on the ground this morning in texas once again. oil pipelines and refineries starting to resume operations in texas after an evacuation zone was lifted for residents living by a chemical plant. the plant was damaged by harvey. from her shell oil president john hofmeister. thanks for joining us this morning. >> good morning. turning to what your sense of this and how long will it take to fully recover? can it the absence of bad news is good news. we would've learned about damage by now if refineries were seriously harmed by this storm and by the water. that means once the water is removed or is manageable, then they can start the process of getting back up and running we should be encouraging to everyone in the space of outages of gasoline and local retail stations. tree until you make a good point with the cash shortages. gas prices and prices moving higher across the country. colonial pipeline country, the biggest skill system has reached to feel like because of harvey in another line as close as needed to restart today. why are gasoline prices higher across the country on this news even though the broader picture includes a whole bunch of supply does not the case in the u.s. years ago and a lot of people say oil prices ultimately go lower. >> well, i think they will drift down in time if the system gets back up and running. price setting is a process where traders move the product and people will pay whatever they are willing to pay the price goes up, they'll pay. as the price goes down, though penniless beauty traitors are the ones who moved to product around. they provided a valuable service of molecules for more they are to where they are needed and that's how they get reunited in the process. it's a psychological fact you're going up in as an expression in the industry, up like a rocket coming down like a feather. you get a price range that any inconvenience or any obstacle that takes a while for rational practical behavior to fit back in and prices decline. tree into windows by rational behavior setting and do you believe that the supply story has changed so much in the u.s. that ultimately the days of 100-dollar oil are gone? >> we don't know what might happen two or three years from now is the whole equilibrium of oil supply versus demand shifts because of the deferral of capital spending on oil searching an exploration of production. having said that, when we hear the refineries are starting back up as trackers have more access to more distribution point, let's say the affected area of east texas and stations gave reloaded, we will see if settling down of what it takes. people will trust when they go to the gas station there will be fueled air. when they don't trust it, and they create the shortage by everybody topping up when the system is not the line for topping up tanks. maria: hurricane harvey has created incredible devastation for so many in texas and beyond. you've seen hurricanes before. sure to rise this hurricane versus what you seen before in terms of damage. >> we've known for a long time that water is the enemy of the whole distribution system, refinery system. when does the refiner of offshore production. so when they had the combination of wind and massive amounts of water, everyone knew that there would be consequences because of the tremendous amount of water they showed up. refineries are designed to keep water out. that means if water comes from the sky, water comes in and there's no way to stop it. you don't put a roof over a refinery. you have accumulation on the ground plus workers homes were deeply affected. when you have this combination of water in the ground you can't see the refinery and to help workers who can't get to work because they are at home taking care of their families, you have a precautionary shutdown requirement. you just can't keep operating. but once you shut down, it is like organizing a rocket launch. you have so many big mp says to organize when it starts back up. if the staff is not dare is not dare come you can't start back. nobody is going to tell their employees you've got to ignore your family and come to work. it doesn't work that way. you treat your employees at first back. you need to organize people in sight. everybody knows what their job is. you follow the process all mapped out to make sure there's no false starts or complications and you get the refinery back up and running. we know how to do it. we've done it many times before. the good news here in the reason we are not hearing about my damage after hurricane rita, katrina and others a decade ago, all the refineries hardened up infrastructure. they moved electronics and electrical is up above flood level so they wouldn't have to repair and replace them in the future and that seems to have worked very well. we are seeing the reports of major damage and that's a very good time to everybody that we can manage these problems. it just takes time. maria: will be watching. great to have your insight. john hofmeister there. in 20 minutes of attacking as house majority leader kevin mccarthy about harvey funding from the tax reform in the legislative agenda coming up. honda owners could receive $5000 in compensation following the toccata recall. thus the icon mario changes his job description. by the internet went wild over it after the mascot has left the plumbing profession. back in a moment. you totanobody's hurt, new car. but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement™, we'll replace the full value of your car. liberty stands with you™. liberty mutual insurance. the maria: welcome back command soon to be a pastor told police he may have killed his wife in a sleepier cheryl casone but the story appeared transfer matthew phelps is using the bedroom defense. he woke up to find his wife stabbed to death and drenched in blood. reports of a 20-year-old phelps told the operator he took too much cold medicine and may have accidentally killed his wife in a sleepier police and discovered his wife have less than a year, warren phelps with multiples.forms. he's been charged with murder and is being held without bail. 42 people shot in chicago over the labor day weekend. five of them killed as a result in a city that is known for gun violence there is at least 435 deaths by gun shots so far this year. labor day weekend had two fewer shooting death of the weekend prior we should add. independents day, memorial day, father's day, holiday weekends this year had seen more than 50 shootings in chicago. millions of honda and acura owners could receive $500 as part of a class-action settlement over defect is some side airbags fared it covers more than 16 million vehicles. the scandal led to a massive recall and for staccato to file for bankruptcy protection. 60 people died when the faulty airbags exploded. shares of honda down 3% so far this year. pretty strong reactions on social media to tell you about after nintendo updated the profile of super mario. mario seems to work as a plumber a long time ago. they say we've always known that mario is a man of many talents but to say he's not a plumber is just denying the root. another tree says mario is an italian plumber. he fights evil turtles and mushrooms by a dino dragon who kidnapped the princess. shares of nintendo up 60% of far this year. don't mess with the classic characters. maria: it's funny that people care that much about it. >> i think they look at mario, but the truth is mario has been a dock or, racecar driver. the brand is so powerful, but i do have a soft spot for mario the plumber where it started. i don't think kids today will care about that so much. it's our generation. >> it is not a plumber anymore, what is he? >> is a renaissance man. >> identity politics. train to talk real quick about the man who said he will decide because god told him to initially. >> it's awful, horrible. you make is that an inexplicable. i don't know what to make a something like that. it is deranged. what are you going to say? maria: it is. life after harvey. chris hogan in the studio this morning about managing your finances following extreme weather disasters. stay with us. ♪ maria: of mother nature destroys your home, will disasters you to the bank? ford and puerto rico under states of emergency as they brace for hurricane irma wild texans owner -- could stretch up to $40 billion according to estimates from prologic. in the present damages caused by flooding will not be covered by insurance. join us as ramsey solutions expert and author of retire inspire. good to see you. thanks for joining us. happy to have you in studio because we talk to you when you're someone else. this is an important story. how can people financially prepared for a natural disaster? >> the first thing is you got to play in. make sure you have the right kind of insurance in place in understanding what those coverages will do. for example, homeowners insurance will only cover wind damage. and so you need to be aware of what we have in place to protect her family. >> we just heard earlier in the show that 85% of those affected by hurricane harvey didn't have flood insurance. why do they do now? the federal government flood insurance program we are hoping gets re-up there. is that what they mean on? >> the first step is to reach out to their mortgage company as well as their insurance company. if they didn't have coverage coming out with one of those major loss thing with a walk through paperwork to figure out what is the government doing to help, but more importantly what do they have to do for themselves. >> for a lot of the people, property insurance is expensive in hurricane prone areas north carolina coast, and a lot of people say i'm going to take my chances because i can't pay the thousands and thousands of dollars it cost to insure this place. what to do when those coverages are though extensive. >> reach out and make sure you get with an insurance professional. thousands of dollars in coverage, you are talking about hundreds of thousands for your home. it is that authentication mentality where they don't have risk management and that's what insurance is. get coverage in exchange. >> what if you're a small business owner. commercial life and business place get intermingled. many are dealing with big business disruption losses. how do you think about that? >> on the business side you want to look again at the coverage you have. in business you need retained earnings. you need money set aside in case of a rainy day fund. the person beside you need that in your life as well. set aside to when life does happen you were able to take this emergency and turn it into an inconvenience. maria: i want your take on preparing for this. we want to point out that hurricane irma has been upgraded to a category five storm. this is accelerating the more sitting now. hurricane irma to category five. their employers are paying for it. we've got this alarming new study from research showing that workers spend roughly 150 hours a newly worrying about the work which costs companies $250 billion in lost wages. your reaction. >> that's a lot of money. 250 billion. this is people concerned about money not focused on a job. imagine if this is a health care professional for someone doing surgery. this is alarming. it's one of those things are as employers we need to make sure our employees vendors and you can't have have a plan for money. a lot of people think they need more money, but the reality is they are outliving their money. they can pull back that they have control over that would really relieve the pressure getting out of debt, having an emergency fund and budgeting. maria: how many people outlive their money? >> 70% of people live paycheck to paycheck. they have now a vice problem. >> this has a lot to do with wages that meeting. it's been years since we've seen a real significant uptick in wages obviously that the economy is doing great. people want to live their lives. they want to get out and spend. that slows economic growth. what would you suggest the budget start to cut back on? >> understanding the difference between a wanting the need. people get those all the time. >> what is the want and what they need? >> your housing, transportation, food and clothing. recall that the four walls. >> we want so much more. >> we do. just don't let stuff have you. don't get it using doubling of making a payment. >> type millennialist in my classroom and look at them in their ability to manage their money. it seems to be young people today are not getting the education financial planning at the high school level, collegiate level. d.c. that is a big problem? >> is a big problem. they are not used using cash. they have all these apps and money is not real. you can't manage something you're not aware of. i think it's important for them to get the education from their parents first and foremost, but also schools to give them away so they are going to need for the rest of their lives. >> in a lot of them are hard lessons about debt and money because they were the ones who lived through the financial crisis? they work the ball is dead and had to go into this really different job market. a lot of millennialist out there kind of like my grandmother's generation through the depression and are like i'm not going to get myself in bed. >> i would hope. i'd love to see more. we tend to get amnesia. we forget names. we forget the tough times of those lessons and that's overdoing to repeat them. credit card debt is dangerous. one of the things that will choke you out. true to millennialist are the biggest savers of cash generationally and also they are not the type to pursuing a job just for wealth accumulation, more about remaining, which bodes well for their ability to discern between wants and needs. >> aeros of the generation asking for debt forgiveness for college loans. they want an easy way out. maria: they think free college is attainable. >> 50,000, $60,000 a year for college. maria: but they think it should be free. >> that's another thing. >> a quarter million dollars the year to get yourself through college. >> unbelievable. think about that. college isn't something you have to do. college is something you get to do. there's so many ways you can do about taking on 50,000 or 60,000. traded chris, great to have you. chris hogan. still ahead, house majority leader kevin mccarthy about the meeting of those affected by harvey. a lot more on the legislative agenda. that is next hour. mornings with maria. stay with us. stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...saving time when it matters most. stay with me, mrs. parker. that's the power of and. breaking news right now. hurricane or my getting stronger. now a category five hurricane. the storm bearing down on the caribbean and likely headed towards florida. 's path as florida and puerto rico have declared a state of emergency. helping hurricane harvey vick is meanwhile. congress has a new item on the agenda passing legislation to fund relief. tableau set for tomorrow but secretary stephen the niches that spending must be tied to raising the debt ceiling. >> if congress appropriates the monday but i don't have the ability to borrow more money and pay for it, we can get you to stay. without raising the debt limit i'm not comfortable we will get the money we need this month to texas to rebuild. dream two congresses on tax reform, six republican leaders headed to the white house today as they push for a deal before the year-end fund taxes. questions remain on how to pay for it is one controversial idea taxing 401(k) contribution of time. we will talk about that. the brick selling that legos printed toymaker declining sales for the first time in over a decade as a result it is cutting jobs and versed we see this outlay: a long time. alibaba offering a whole new breed of pay a company uses facial recognition with a smile. joining me to talk about it political analyst person happens here. wall street journal editor jon hilsenrath and bryan brandenburg is here. great to see you. thank you for joining us. >> it's an important one because we talked to him last week, thursday and he was not very committal on this whole thing about a debt ceiling to harvey. i guess this was on your show once monday. yes number one attack the debt ceiling to harvey. they've moved in the last few days. maria: that's an important development. we'll talk about it with kevin mccarthy because the idea that so much has to get done in such a short period of time is worrying people. >> i don't need this as another conflict. what they should look for this week as the president coming out and saying he supports at the treasury secretary said because i will put pressure on congress to get that through. maria: stephen mnuchin this week and basically said he doesn't have the money in terms of getting the money needed to go to taxpayers unless the debt ceiling is raised. our top story this hour right now and congress returns from summer recess. first, lawmakers will vote on an initial request for $80 billion in disaster aid for vick to visit hurricane harvey. the house is set to take up the measure tomorrow. joining me now from capitol hill is house majority leader kevin mccarthy. majority leader, good to see you. thanks for joining us, congressman. welcome back. he just returned from texas. can you tell us what you saw? >> i spent the last two days during the portion of texas. some of the small cities, water towers are wiped out, schools can't dart, but the optimism i find with each place i went to was amazing. they've gone through number search and rescue portion. now they begin the rebuilding of it. i saw the best of humankind. families would come from other states just to feed people, just to provide clothing and others with the whole community getting together and working. first responders that have not been on this entire time even though their houses under water. the way people are getting back to one another shows that we will rebuild and actually be stronger. maria: this is something nobody in the real devastation. tell us about paying for this to the president asking for a billion dollars in relief money. stephen mnuchin, treasury secretary calling to raising the debt ceiling. are you willing to do that? >> the treasury secretary, not just haven't seen it. mick mulvaney, omb director, omb director, president or seen it. not just to put it out there. we have to do with the debt ceiling regardless if harvey arrived in america. now we are asking for more money to provide for a few months of run out of money. all they are looking at a simple numbers. if you pass the legislation, which we will do tomorrow, we go in session tonight and wednesday morning will pass relief to make sure fema has enough money to get moving right now for the cities and counties get the estimates in to provide more resources as we go forward in understanding what all the problems lie forward. you will hit the debt ceiling regardless and they are afraid with mnuchin is telling us if you pass the supplemental, they may not put the money forward without having the debt ceiling raised. the thing i look for is this is an issue we are going to have regardless. it's not one you ran away from. really what you want to have happen, congress has been successful in capping discretionary spending. on the senate said we did not get health care reform done yet but to do something about entitlement and now we've got to move to tax to get the economy going. that's the really start paying off our debt appeared once or pass a budget, republicans would've been able to do that in our budget balanced in 10 years to start paying off the debt appeared tree until you make a lot of good points and it's important because our viewers want to know about tax reform. are you saying he'll be voting on the cleaning bill tomorrow? are you going to tie it to debt ceiling increase? >> wednesday in houston will not be tied to anything. it will be almost a billion dollars. we also have to deal with the continuing resolution later this month. that will allow us to move some money forward delicate famous for more money, almost $15 billion to be on the short term for texas. maria: is it true that we were all worried about the funding for the border wall the president has talked about now that we have this bigger pressing problem of the devastation from harvey, the issue goes towards the end of the year. in terms of that continuing resolution, walk us through the next couple weeks in the continuing resolution and a ceiling increase your >> we've got a lot of busy things happening. we have to deal with rdp read the debt ceiling, continuing resolution which is about three months continuing resolution. you will deal a little later in the year. we have to finish up a war appropriation bills we've got the budget this month as well. the budget is the beginning of tax reform because it allows us to go to reconciliation to start tax reform. all of that will get done this month. for those members who get afraid and not want to tackle the tough issues, and i say the sooner we do it, the stronger we are and the more we can get done and get to the growth. remember, we've got another hurricane coming. texas, and those prayers are with you. economically, texas is hurting. you want to get growth going to balance budgets and pay down the debt. maria: we want to know if tax reform -- the president has been talking about tax reform. u.n. a lot of your colleagues have been talking about the need to get tax reform done. the president meet for the first time today with the so-called big six-figure colleagues at the white house colleagues and senator orrin hatch, kevin reidy, stephen mnuchin, mitch mcconnell, paul ryan. what are your plans for tax reform? >> this is a very good sign they are meeting with the president now. we are learning the lessons from health care, making sure the house, the senate and the administration is on the same page. we make policy in the world of politics. if there elements that can pass the house that can pass the senate, we ought to work those differences out. that's what we saw the border adjustment coming out. that's why i'm an even stronger believer that tax reform kicked out of the house this year in the meeting today is a good indication you got the chairs, leaders and administration together working out the differences. we all know the way to make america stronger as economic growth. for the last eight years, we have some of the lowest growth we've ever had. i always like to point out if you take the lowest year under the eight years of bill clinton, the worst year under bill clinton is still how your been the highest year under barack obama. this is the real challenge for america is getting tax reform done. we had the highest rates out there. we've got trillions of dollars sitting in other countries. bring it back to america and invest in america were sent it out in to america. maria: what are the priorities then? what talk about most important in terms of any tax package. a lot of people say there's no way you're going to get total full tax reform done in the 12 days you've got left this year the year in session while the senate is in session. i know one of those priorities is lowering the corporate tax rate coming s.? >> yes. you can't forward corporately without dealing with passage. small businesses create more jobs in corporations do. you've got to simplify it, make it progrowth. seven individuals, let's make those three. most forward. repatriation, bring the money back into america. that is a big investment to start out with a simplified as you go forward. people should fill this out on the coast guard. why did they have to go through all the difficulties. you take away the deductions. to make it fair across the board for all. tree into that sounds like tax reform. dealing with deduction sounds like fun tax reform and not my point. you got congressmen and senators saying i can't do this. i can't eliminate the deduction. mike and achievement are going to like that. that debate is going to create the kind of fighting we saw in health care. no? >> know, the members worried about a tough vote, maybe this isn't the right job for them. they've got to make decisions to make the country move forward. the meeting at the white house is the right meaning to do and the red tax reform is having. watch has been the budget as well. once we a budget done, that since the motion for tax reform. this is something that america needs. we need growth in this country. more now than ever before in the process especially after coming off of harvey. we've got to get the economics growing inside of america. maria: i agree with you. i haven't heard much in terms of individual tax rates. you want to lower the corporate tax rate than the small business. are you also committed to lowering individual people tax rates? >> and go >> adult make is so confusing. whitey of seven individual tax rates? just make it three. anytime someone can keep or their own earned money, they are smarter with how they use it than ever before. i heard a little teaser that somehow we want a tax 401(k). why would you punish people when they're actually saving for their own retirement and not looking to government? you want to simplify that even further. maria: exactly, this idea being floated to raise revenue for the tax owed by taxing the money workers put into the 401(k) is off the table. the >> my philosophy is you only tax on them if you want people to do rest with it. i want people to save more of their own money directory they are going to go. they are putting money into the economy going forward, dusty businesses in berlin, creating more jobs. maria: before you move on, mark mehta says you've got to have a bill on the president's desk by things giving. are you expected to get these tax cuts done this year by thanksgiving? >> while that's good news because mark meadows is one of the individuals talk about not letting us that the budget forward. i'm happy to hear mark meadows wants to see this stuff start moving further. as soon as we get the budget done we can start tax reform and we can have it out of the house. if we need to stay here longer to get it done, one of my jobs is scheduling the house. i'll make sure we get this done. if members are afraid, maybe this isn't the right job for them. they'll have to take tough vote to make the country move forward and not so we'll do. maria: let me ask you about the nuclear threat from north korea, connecting the most powerful nuclear weapons test to date over the weekend. now we know reportedly at the hydrogen bomb. the country expected to conduct another missile test in the coming days. diplomacy is the sanctions have so far failed. what is the answer? >> out the other countries realize the president trump has been talking about the seriousness of north korea and what they've been able to do. we need to speak with one voice not just in america, but around the world as well. we need to show the individual this will not be tolerated and cannot continue to move forward. there's a lot of ways to do this, but more people have to get engaged with it. china has a very big safe over north korea may need to be more engaged than they have been in the past. maria: we appreciate you joining us. first day back. house majority leader kevin mccarthy. we will be rightth back. >> the bottom line is forth your goals. we were going to ask about it but we weren't sure when. so thanks. yeah, that's great. being clear and upfront. multiplied by 14,000 financial advisors, it's a big deal. and it's how edward jones makes sense of investing. juswho own them,ople every business is different. but every one of those businesses will need legal help as they age and grow. whether it be help starting your business, vendor contracts or employment agreements. legalzoom's network of attorneys can help you every step of the way so you can focus on what you do. we'll handle the legal stuff that comes up along the way. legalzoom. legal help is here. attention here also the east coast don't keep your eye here on the center of this storm, i want everyone to pay attention to irma's path next several days including east coast florida, including gulf coast, very powerful system not often you see a five looking that he amazing on image, back to you maria: thank you, janice we will watch developments from hurricane harvey grown to 60, cheryl good morning. cheryl: good morning, 0 of those deaths occurred in harris county it has alone, most victims dying from drowning, but powerful contagious from storm have accounted for some indirect deaths several elderly people handful counties counted harvey relate deaths medical equipment oxygen tanks lost power, members of the houston police department came together, yesterday, to salute fallen officer steve perez, drowned in car on way to work during horse of the harvey flooding, members of the houston police department slooutdz perez as body was transported to a funeral home, west, firefighters are battling the largest wildfire in the history of los angeles they got break from weather yesterday. winds knocked down fire burned more than 7,000 acres the blaze 30% contained winds can get it going again, four homes destroyed evacuations seven 00 residents, this lego announcing lay-offs, toy maker slashing 1400 jobs sales falling for the first time in 1 years. we are going to reviewer head count 8% by end of 2017 maria those are headlines. maria: thank you, cheryl stay with us lots to so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. this morning to look, as the market kicks off, the week after long holiday weekend,dow industrials expected to be down 70 points this is the low of the morning right here for the dow, the nasdaq also at lows down almost 14 points right here, futures lower investors watching north korea, you have uncertainty around tax reform president trump to meet with 6 republican leaders today at the white house in his push for traem i spoke with house majority leader kevin mccarthy is confident the house will pass tax reform by end of 24 year. >> what does, i am a stronger believer are tax reform gets out of the house this year, and the meeting today is a good indication you've got the committee chairs the leaders you've got the administration together, working up differences we all know the way to make america stronger is economic growth. maria: joining me head of cio and investment solutions group at merrill lynch thanks for joining us coming back beginning new -- season the fall with expectations of something gets done out of white house, do you think the markets are still expecting tax cuts. >> i think the markets are. i don't think it is going to impact this year as market performance. but i do think as we go into 2018, tax reform is very important, and without it i think it creates a big headwind for the markets, and for earnings some point. >> you've got north korea obviously unknown, and -- a wild card tax reform another wild card what are you telling clients to do in terms of markets. >> so the good news is if you look at the macroback drop from a fundamental standpoint you've got globally synchronized recovery continues europe surprises japan surprises. s 2k3wr0eg 1/2 all good giving us strong earnings growth, but the but is coming out of center a lull between great second earnings set of reports the third quarter what we think investors may begin to focus on, is what you said, korea, going to be the debt ceiling negotiations as well as we think september the fed will begin to talk about normalizing its balance sheet,could that create a pullback? yes, it could traumatic we don't think, so we are not going to try to time it so we will stay overweight equities. >> sound you are saying you don't expect debt sealing a fight end of you don't expect problems what if there are debt ceiling is not raised we have a shut down does that change your viewpoint. >> a big deal i don't think the markets are discount i think discounting potentially 11th hour thing again that is what tends to happen. but i believe the markets do think they will get where they need to go a government will not shut down, if the deposit shuts down, then i think you could see get a bigger pugback than 5% correction. >> how could markets respond, if president trump asks january januajanet yellon to say on she -- >> stable, a known quantity i think she has done a good job i don't like i think people don't like surprises what you see what is you get i think that will be a positive thing. >> do you think it is going to happen. >> scenario that i think the market has not priced in but can when you look at all the chaos over at north korea, you look at problems they are having advancing tax reform if president wants a win for the markets he is clearly watching how markets perform. >> right. >> seems like picking janet yellen an easy -- >> i mean i think would be positive, and i think a good direction for the president. >> how would markets respond rally? >> i don't know if they rally on that i think again, the risk is more the opposite if you put is one in place that they don't have confidence in, or you don't have the same you know knowledge of the individual the policies, it could create additional headwinds that -- >> like. >> who knows, anyone that markets don't have as much a history. >> you are staying invested. >> overweight equities if we get a pullback we would tell investors take advantage that have more assets to equities if not where you need to be. >> things likely getting better economic backdrop take it. >> economic backdrop very strong earnings still going to see high single digit earnings growth third and fourth quarters after double-digit first and second quarter. >> maybe if we get tax reform numbers go higher. >> tax reform would result in higher numbers 2018. >> good to see you, thanks, coming up weather tavth mafth harvey we speak with residents working towards recovery efforts in texas next, then a powerball ticket worth one million dollars sold in houston details on winning numbers coming up stay with us. 5 . maria: good tuesday morning. thanks so much for joining us. i'm maria bartiromo. it is tuesday, september 5 your top stories right now 8:30 a.m. on the east coast. her cain irma word to caribbean in florida category five winds 175 miles per hour when expected to make landfall the road to recovery in texas, cleanup efforts under way in you southern texas as region instrumentals to return to normal following devastate by hurricane harvey. >> one bright spot details of a million-dollar powerball ticket sold in the houston area news from final frontir voyager one celebrates 40 years in space a record breaker returns to earth smile for supper alibaba helping kfc customers put money where mouth is shares down 3/4 of a percents rough weekend in hollywood will fall blockbusters help save the year? we tell you about it futures showing a lower opening for the broader averages for the stock market dow industrials set down 07 points, nasdaq off 13, s&p 500 down 6 points quarter of a percent in europe markets like this it has been up and down, throughout eurozone ft 100 cac quarante in negative territory down a fraction, the dax has been positive all morning up 1 half of a percent, 55 points higher in germany, in asia overnight, markets closed mixed worst performing in japan nikkei down overnight two-thirds of 1%, still underwater most houston dried out the the city west side is still flooded caution of relief release of water from the reservoir no clean water in parts of the city at all as two of houston importants water treatment plants are flooded we heard latest from kevin mccarthy now to jeff flock in houston this morning good morning to you. reporter: about unbelievable maria, good morning to you, we are 10 days out from landfall look what we are dealing with talk about the road to recovery they can't even see the road here, this is the briar hills neighborhood only get around via boat, and curious thing about this, is that this is a neighborhood that was not flooded during the initial flooded, this is all as a result of largely as a result of relief of that water from barker and nooeb addicks they had to do it if didn't ran risk losing control flood control project that boy look at it here, with this water up so long, most floods don't last this long, usually water isn't as high as it is for as long as it has been, but now i mean the damage just gets multiplied no schools in houston next week. there are 13 super fund sites that have been afford so don't think about what is in that water that you are looking at out here, you mentioned treatment plants i think overhead shock kind of gives a sense of treatment plants two of them still 8 feet underwater they tell us this water is going to continue up for weeks. the -- guys that manage reservoirs flood control not drinking water reservoirs the guys that manage that say they are releasing water from those reservoirs until about about november, so this neighborhood look at it both sides of our little craft here as we paddle through both sides still with serious flood water, and going down no time soon. maria. maria: that is incredible, jeff, watching you -- in this kayak or boat that you are in, the water is that how a lot of people are getting around do you see other rafts like at a. >> reason we came in yes, in answer to your question although most people are out of here one paddling down maybe we will have it by the time i get there, there is a couple that stayed in, they just renovated house said we are not leaving this house, we've got water we've got food we are going to stay so going down to check on them, see how they are doing. it is not pleasant because there is no -- a tough situation. >> really is thank you for bringing this firsthand jeff flock as you see there with difficult task the difficult task continues rebuilding under way for many affected of hurricane harvey at least one estimate will cost 30 billion dollars to rebuild homes in the houston area a good deal of that burden false on insurance companies like all state, joining me right now chairman ceo of all state corporation, tom wilson tom good to see you again thanks very much for joining us this morning. >> good morning, maria. . >> you are back from houston what did you see what can you tell us tom? >> well first, what i saw was really very widespread and major disaster. and, you know, each individual has their own story obviously but hundreds of thousands of people displaced so that is terribly you have to feel empathy for those the people their homes positions memories waterlogged throne out you can feel good about america, you come back thinking, we are really prosperous country as you fly over houston you realize how much money has been created by our economy how many people have really good lives, then when i he get down on the ground, you see volunteers everywhere, so outside of all the houses people the thrown out water-soaked stuff because neighbors churches, of going friends, their relatives all came over helped get that stuff out of the house so mold doesn't grow. >> does 30 billion dollars sound right in terms of the cost of this? i think it is really too early to tell. what the cost will be. you because there are two parts first the homes you talked about, and, obviously, will be expensive because a lot of homes have been hurt. the then there is infrastructure another part, the difference between hurricane that has a lot of wind damage, and this hurricane, has mostly flood damage, is the visual much less dramatic, so when wind event happens those get torn off houses get knocked down, trees come down, bridges get ripped up, when rising water, it just goes up then comes down structures are still standing hard from a visual inspection to determine how much it will cost to fix. >> it what do you make of the fact that so many people did not have flood insurance? hope us understand, why so many people have lost everything now because they have no insurance. >> it is very going to be a problem it is going to be a difficult problem to revolve four five months private insurance companies like allstate if your car is caught in a flood we cover that we have many cars that were already talking to customers about, either getting them dried out or, getting them replaced, that process is relatively easy for us to do about 3,000 people down right now taking care of all our people in -- in whole area impacted by hurricane harvey. some remote some on-site so that is the auto pieces relatively it from a forward handled by private market as you mentioned houses are really covered by federal government. and only about 50% of the people in some of the he coastal areas that got hit hard by harvey by wind revisored if you get to harris county where hoouch is less than 15% of the population 75% of people are going to be coping with losses not covered by insurance because they didn't purchase it where it gets hard what we are doing, we are working with our customers, to help them understand how to access the federal government programs some aide some insurance, for our customers, if they have a federal policy, we will adjust it for them o work with them make sure they get their home rebuilt but it is going to be a difficult situation next couple months as people struggle to find money to rebuild homes. >> on top of all of that you've got to go with hurricane irma what are you doing in terms of irma we know floods in puerto rico declared state of emergencys. >> i met yesterday down in houston getting set up for irma to hit east coast not clear where we will preposition people right now prepositioning people in florida, because that looks like it is most likely when it could hit, but as you saw from the weather report it could go south and head over into the gulf, or it could go north anywhere along east coast we think about flexible we try to get people in multilocations irma is big strong hit if it hits bay county k another major disaster on hands. >> does it feel a different kind of hurricane season to you already? is this going to have a big hit on for example earnings? well it will not have a big hit on earnings for us, we buy insurance on our insurance, called reinsurance, and we have a 500-million-dollar deductible then we pay we split 5% of the losses above that, so the first 500 million is hit to our bottom line that is in contrast to 22 billion dollars of capital so this is not a financial issue for all state, we do have to rally our troops, make sure we get everybody to the right place. >> sure. we are good at that in fact we are always early, as relates to the whole country, i know we are subject to all kinds of debts we are the tornados job lynne or irma, or harvey or katrina we need to do better job figuring out to you to deal with these in advance as country what we tend to do government spraendz money out afterwards that is not the right way to do it. >> i know you displaced people throughout texas but also using drones. >> we are, yes, so particularly for when we want to adjust the house rather than having somebody get in a car drive to an area, climb up on the roof of a house we can fly a drone out there, can look at house we can do all the damage, assessment and settle claim with somebody over the phone using videos makes it faster, get money right away, sometimes we have to send people out to you can't see everything from the drone, but we are also using it to try to help people see if they don't know what happened to their house, you know they have to leave in streets flooded we can help them see what the house looks like. >> incredible tom good to have you on program thanks very much for weighing in. >> joining us ceo al state on incredibly devastating story the president tweeted this, listen to is i am allowing japan and south korea to buy a substantial increase highly sophisticated military equipment from united states giving us sense of the solutions that they are looking at in terms of of the north korea threat, stay with us, back in a moment. >> welcome back to another tennis canal court report for fox business jonathan novack labor day at u.s. open saw some biggest stars of the sport, working hard including both world number one, rafael out classified ukraine, as eased into quarterfinals closing out straight shets 6-1 just an hour and 41 minutes, firing off wins, russian andre in the quarters, on women's side preclude general fer brady off court 46 minutes, as she booked her place in the lead world number one dropping a game in what was a dominating performance. don't forget tennis channel live will break down action from flushing meadows 8 a.m. eastern. integrate any part of your business, and have your systems work as one. the ibm cloud. the cloud for enterprise. yours. the cloud for enterprise. i'm vern, the orange money retirement rabbit, from voya. i'm the money you save for retirement. who's he? he's green money, for spending today. makes it easy to tell you apart. that, and i am better looking. i heard that. when it's time to get organized for retirement, it's time to get 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[he has a new business teaching lessons. rodney wanted to know how his business was doing... ...so he got quickbooks. it organizes all his accounts, so he can see his bottom line. ahhh...that's a profit. know where you stand instantly. visit quickbooks-dot-com. maria: well the plan in china nicole petallides on floor of the new york stock exchange this morning with details there, good morning to you. >> good morning, maria. great to see you yeah, you may feel a little bit like a well trained -- smile for your chicken that is the story this is alibaba and financial over in china, working with kentucky fried chicken d technology go to point of sale make order 3-d technology looks at your face and knows your face, whether you change your hair color, or your makeup your look a little bit still recognizes you if you want a feature you can have a telephone number verification an amazing development in technology could be wave of the future trying this one in china. another big story this morning, this is tronc used to be tribune this is the apparent company of nine daily news papers including l.a. times take over new york dailey nice from zuckerman took over in 199 tribune founded daley news in 1919 financials have not been exactly other taking over all i operational liability, about liabilities pension liabilities in particular, could be reportedly tens of millions of dollars zukman owns a majority where plant is in jersey city. >> thank you so much, attorney general jeff sessions to speak, about daca president trump expected to end oba era program six-month delay for congress to act tweeted earlier congress get ready to do your job daca joining me to weigh in host of "varney & company" stuart varney good morning to you stu. >> good morning, i think at the end of the day maria i really think that almost all of the 800,000 daca dreamers will stay. i think congress is going to be given six months take action, formulate plan come up with a solution, at the end of the day i think will stay i think that is what virtually everybody with exception of some conservatives i think what everybody wants, businesses chimed in on this speaker ryan chimed in, speaker pelosi chimed in they want some kind of solution they are where most actually stay. at the end of the day i think that is what happens i think i agree with that, that is what i want to see happen how about you. maria: yeah, so you think that they stay, i agree that is what most would would you like to see for the stability of it but the program changes after that those initial people -- >> no idea what solution congress will come up with, other than to say, the 800,000 most of them i think will stay. i don't know what is going into the final piece of legislation, it should be a broader based immigration policy deal, whether we get that or not in six months another story but look, i think all those dreamers who now feel threatened and they do feel threatened i think should back off a little i think they are going to be okay. maria: i know you have more in 10 minutes. >> i do. >> begins top of the hour 9:00 a.m. eastern after "mornings with maria." a record break astronaut returns tor earth that is next. your insurance company won't 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 won't have to worry about replacing your car because you'll 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. . maria: welcome back nasa voyager probe celebrating 40 years in space cheryl casone with the story. cheryl: yeah, so 1977. when nasa launched voyager one to study planet jimmy carter president "star wars" opened in theatres that year 13 billion miles away voyager one record for traveling furthest from earth for man-made object voyager was carrying a golden record. technology will outdated now that we have streaming music nasa celebrating anniversary with cool posters download free on web site, and nasa astronaut peggy whitson special welcome flying home to houston president trump spoke by phone with her saying she has made us all very proud, will return to earth saturday after record-breaking flight 665 days off earth 288 days on this mission alone in space longer than any american, ever. and with tech news a million-dollar powerball ticket for saturday night's drawing sold in houston no idea of the winner ticket at a grocery store in houston, at the weekend bobs office long holiday weekend. >> trial continues on -- dike at a timers key witness to testify. >> executive protection my job to keep you out of harm's way. >> you would be the last one hour without me. >> bodyguard topped labor day weekend box office dismal for removes bodyguard pulled in 10.5 million, we should note that we can expect a rally the box office between now and end of the year you've got blockbusters coming out, new "star wars" don't forget the summer. >> a lot of blockbusters, thank you final thoughts from this all-star panel. stay with us. ♪ ♪ if you'd have told me three years ago... that we'd be downloading in seconds, what used to take... minutes. that guests would compliment our wifi. that we could video conference... and do it like that. (snaps) if you'd have told me that i could afford... a gig-speed. a gig-speed network. it's like 20 times faster than what most people have. i'd of said... i'd of said you're dreaming. dreaming! definitely dreaming. then again, dreaming is how i got this far. now more businesses in more places can afford to dream gig. comcast, building america's largest gig-speed network. ♪i'm living that yacht life, life, life top speed fifty knots life on the caribbean seas it's a champagne and models potpourri on my yacht made of cuban mahogany, gany, gany, gany♪ ♪watch this ..♪ >> final thoughts on this all star panel. >> talked a very big game with you in his interview but i think we don't a clear announce the about what he want to do it is not tax reform but tax cuts. >> they talk so much about tax reform over last couple of months and we have a principle from the white house where's the bill is this >> this week to set the tone it to be this week. >> good point. >> provocation question for the white house is now that time to be threatening to pull out of our trade deal with with south korea are when that's an important alliance that we have to work with to deal with north korea. >> on this in 18978 piece accord began with president jimmy carter from president, and bacon of israel so win the noble peace prize i love history so fun fact. >> thank you. you're welcome. >> great show thanks everybody see you tomorrow stewart over to you. >> thank you verify indeed. well they're become at school. congress is back in many d.c., and it is back to a normal schedule of crisis and turmoil. good morning everyone. here woe go. tuesday's bullet points. tax cuts the big six key negotiators for tax cuts meet with the president at the white house today. the big push begins. and president trump barn storms again this week, the financial world would love a tax cut this year and north korea should not do business with country that trades with kim jong-un regime that's the idea is china included in that? after the latest nuke test by

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