Pelosi and Chuck Schumer so, things are getting interesting. First to blake burman at the white house, whats going on, blake . The president met with the three Democratic Senators for dinner, the outreach continues on this day from President Trump as he will meet with the two top leaders currently in the Democratic Party. Chuck schumer on the senate side, nancy pelosi on the house side. They were invited by the president and issues theyll likely be talking about, the d. R. E. A. M. Act, obamacare and the fall spending guidelines. Dinner tonight. Before that, later this afternoon, the president will be having about 13 members of the house and the majority of the 13, eight of them are democrats. A theme we have seen from the president over the last 24 hours as he tries, and his Administration Try to get the numbers on their side as it relates to tax reform. Speaking of tax reform, big news from the republican side on this day as im told when the republican conference on the house side met this morning, kevin brady, head of the house ways and Means Committee laid out the time lines, brady telling members it will be the week of september 25th. Two mondays from now. At some point that week, the details will begin to emerge as to what this tax package might look like, and fastforward to midoctober, that is when they hope to get to the budget process. That is of importance they will try to pats budget to lower the threshold on the senate side to reconciliation so they only need 51 votes. Speaker paul ryan came out to the cameras and said the budget blueprint would have several streams of input, and as he put it, would be a basic template. What the committees are working on, the outlines of the new system needs to look like, and reflects the consensus of the tax writers in the administration, which is the template the committees will work on in filling out the details. Reporter of course, neil, as you know, the key detail is the Corporate Tax rate. Yesterday several members within the administration, steve mnuchin, press secretary Sarah Huckabee sanders did not firmly stand behind the 15 Corporate Tax rate the president has been talking about for months if not years, but earlier today, in this very room, the budget director Mick Mulvaney said the president is adamant about having a 15 corporate rate. Well go to whoever will help us get it down to 15 . The president and i talked not 15 minutes ago and adamant about the 15 rate. To think we can complete internationally at 20 and 25 , not sitting very well. Reporter neil, bottom line with, the democrats starting to roll through the white house here, republicans, this administration, saw what happened with obamacare, repealing and replacing. How that shook out, how that failed, they are trying to flip the script this time around, neil. Neil normally what im thinking to entice the democrats, the president s got to be offering something, the thing that comes to my mind is the tax cut for the upper income, that that might not materialize or writeoffs, cut back or deductibles cut back, might not be a cut at all, and that would be enticing to schumer or pelosi, what do you think . Reporter democrats have the campaign called not one penny, meaning they dont want one penny going to the upper echelon. The top 1 . The white house says the president wants a tax cut for all americans, whether you are on the bottom 1 , the top 1 or anyone in between. Whether or not that materializes, whether or not not one penny goes to democrats or not, we shall see. That appears to be one of the red lines drawn in the sand on this one. Neil buddy, thank you very much. Blake burman keeping track of a lot of dinners and powwows going on here as they pick up steam here. The week of the 25th, monday september 25th. Well get the details on the tax cuts. What might materialize. Whos in . Whos out . Whether this is across the board, series of tax reform or series of tax cuts, whether substantial or otherwise, something is better than nothing. Charlie kirk with us, Shelby Holliday and former Trump Campaign cochair joe borelli. If it is tax cuts without big, big reform, im not meaning to minimize that and leaving the wealthy out or curtailing the Corporate Tax, maybe not 15 , maybe a starting rate of 20 to 23 , which would be a lot lower than now, 35. How would you feel about that . I think the president is doing beyond telegraphing, hes making it clear to advance an agenda. I think the republicans have some risk of, you know, passing a tax reform package that might not appeal to everyone, thats the risk everybody runs in politics, everybody in Elective Office the real danger to the gop is to come up short on tax reform like health care. Thats something the president doesnt want. Something the House Republicans and the Senate Republicans do not want. Neil shelby, i can certainly understand the logic to that, but i can also understand the frustration among big supply siders with that who might be seeing a reaganesque opportunity flitering away here . Yeah, the tricky thing with tax cuts is that you always create winners and losers. So even something that would be a winner broadly for the Republican Party might be opposed by republicans in key states. There are a lot of details we still dont know. Neil you are talking about those no longer affected. Deduction, right, bad for states like new york and connecticut. When you great winners and losers, this is a numbers game. There are things that the president could offer democrats and him being the ultimate deal maker, hes laid out what he wants. There are things he could give to get votes from democrats, including dropping his demand to eliminate the estate tax, thats something democrats do not want. Like you said, not lowering taxes for rich individuals. Not lowering the corporate rate as much. Democrats say corporations need to pay the fair share, sounds like democrats think corporations should pay a little less in taxes. Neil i dont know if theyll like the 15 rate. Right, 15 is tough. Neil charlie, getting the sense from those on the hill, speaker ryan comes to mind. I talked to rob portman of ohio saying 15 is unrealistic. 20, 23 is more of the sweet spot but using that as a starting figure. And i always think thats dangerous, i think because you just go with your off the chart figure, right . How you start negotiation conversation, one thing you have covered tremendously well on the show. Two totally Different Things, tax cuts and tax reform are conflated in the media conversation. I can add, the president tweeted this morning and said biggest tax cuts and reform in one tweet. Hes conflating them. He is, he wants to put them altogether. My point being is they are two Different Things trying to put together. Its dangerous, tax cuts mean rates go down for everyone. Tax reform means were going to tec change deductions, the way people file, carried interest rate, deductions, all sorts of things. Heres the problem, when you get to tax reform, you have to break the filibuster. If you get closer to tax cuts its two Different Things theyre going to try to file them together. Neil herculean task. Exactly. George w. Bush put tax cuts through and barack obama got tax cuts in 08 and 09. This is the task ahead of the president which is why hes courting democrats. Neil conservatives make sense when they talk about the notion that, well, ten year tax or whatever is better than nothing, its nothing that can bounce back to what it was and weve seen history of, that and these days, you cant plan beyond ten years, i understand that. There is disappointment that to get the votes, i know the washington ways, but and i hope im wrong on a lot of, this but looks like its potentially getting so watered down, as we speak that normally telegraphing or preparing us for the worst. Paul ryan came out with a 20 plan, not that far off. I dont think theres that much of concerted effort to move away from the 15 points. Neil to charlies point, when you come out gate with that, i mean, youve already stated, all right, 15 is unrealistic, im starting in the low 20s. Were getting lost in the weeds on specifics. Democrats own internal polling has the fact the resist narrative, the standing in the way of everything President Trump does is not work for them going to 2018. Look at big picture. These are two parties being blamed for not accomplishing as much as theyre promising, and the president has natural allies on both sides on his agenda, and hes doing neil he owes nothing to the republican establishment and let me ask you he owes nothing to them but needs them. Neil i understand that. One of the things he has to work on and maybe that was the purpose of elaine chao in the middle of the day saying an infrastructure plan could be forth coming. Is that a teaser to democrats, forget about estate tax or not, thats something they want to see, Chuck Schumer built a career on it, looks forward to it. Nancy pelosi argued this through democratic republican president s alike thats right, carrot hes holding out and might dangle at the dinner. And floated throughout the week. I would be nervous if i were republicans at the dinner. Chuck andnance eerp in the white house, trump gave them what they wanted. They definitely want infrastructure. Neil are you saying he was rolled . Uh, you could i could argue it both ways, i dont necessarily think he was rolled but set up with republicans, willing to cut a deal with the democrats. Neil thats not bad. Clinton did it. Clinton did it. Neil joe, you are absolutely right. Scary for republicans because if you offer infrastructure and you want the massive tax cuts, you have a lot of deficit hawks who are not going to want to add to the national debt. Neil o, no, and thats like shuffling money around, to get that and redo the taxes and rearrange the tax on different groups, you are not substantially changing washington, you are moving the chess pieces around. Right, and talk about the debt for years and 20 trillion is a rounding error, another 20 trillion, who cares . Neil your generation has to pay for it. Most of the media saying this is going to inflate the deficit by a lot. We dont know that for certain, if you go to the laffer curve, there is the possibility they will increase with the tax cuts, Everybody Knows what the laffer curve, is you cut rates, the amount of money into the government increase. Neil history suggests that washington spends that money and then some. Correct, only going to increase the amount through the size and scope of government. You are conservative. Fiscally. Neil fiscally. And is it your sense that the change youre going to see wont move the needle much in . I dont think so, im very, very pessimistic with what im seeing in congress lately. Neil do you ever think youre going to get Social Security . No, and i dont want to pay fica, the gop should champion, if you are under 30, you shouldnt pay into it. Neil you sound jealous. Im angry, im not jealous. Neil im going to get, it youre not, and that bothers you that youre paying into my retirement. Taxing me for hourly wages im not going to see. Neil you are saying. Righteous indignation. You said 30, not 35. Neil i have shoes older than all of you. Its quite a crowd, many more democratic representatives including those up for key states. In fact, in arizona, interesting case, the democratic congresswoman who might, might challenge senator flight. That is drama in and of itself, of course the big one with Chuck Schumer and nancy pelosi, what kind of concessions might be made there . Who would roll whom . And done in the spirit of bipartisanship to get a deal done and soon. There is no way of knowing. Well build up the drama to have you scared stiff in one way or another. In the meantime, i can report as they begin to recover in florida, were getting confirmation that that storm, irma left a lot of damage. One out of four homes destroyed. Theyll never be able to be occupied again. Who picks up the bill for that . The read from the red cross and so many others trying to, after this. How much money do you think youll need in retirement . Then we found out how many years that money would last them. How long do you think well keep oooooohhh you stopped youre 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. Lets plan for income that lasts all our years in retirement. Prudential. Bring your challenges. You know win control . Be this guy. Check it out selfappendectomy oh, thats really attached. Thats why i rent from national. Where i get the control to choose any car in the aisle i want, not some car they choose for me. Which makes me one smooth operator. Ah still a little tender. vo go national. Go like a pro. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. 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Reporter so you are not going to try to go back to key west . Out of the question. Too expensive and too hot. Reporter here in jacksonville, the mayor, lenny curry says power restoration will be the top priority for several days and plans to press the Power Company to keep 100,000 customers in jacksonville better informed about how long theyre going to be going without power or airconditioning, the mayor told us what hes hoping to get out of President Trumps trip tomorrow. Just knowing that theyre there, theyre there for us, look, at the end of the day, were going to need money to put this thing to bed and rebuild, and theyre doing the right thing. Reporter neil, this is whats left of the storm surge that irma brought when the st. Johns river about, a thousand feet away from here came out of its banks on monday. Anybody that wants to get to the Business District where there are lots of restaurants, shops, bars, salons, is going to need to drive through standing water. Very few of the businesses are opened. Some of the ones weve gone by, weve seen owners and Business People pulling equipment out, furniture, wood that got wet so, this is the very beginning of the cleanup process in jacksonville. Neil . Neil whats the power situation around there . I know statewide its gone to five million without power from more than seven million. Whats the latest there . Reporter neil, your question sorry, it cut out there, in terms of power, theyre saying it is going to be a couple more days. The mayor is frustrated, he doesnt think the people are getting the information that they need as fast as possible. They said the power is going to be out for a couple days, obviously the Power Company should tell people that and not keep them guessing about how long its going to be, whether theyre going to have water, whether or not they should try to stay somewhere else. Neil that will make a big difference whether or not you go back to your home or not. Peter doocy in jacksonville. More than a thousand Disaster Relief workers and staff across florida. On the phone, suzie defrancis. Thank you for taking the time. Hows it looking there, dealing with those out of power . Those coming back to homes that are pretty banged up, if not totally droid. What are your folks seeing . Well, thats exactly what were seeing as well. This is a very large event when you think about the size of the state of florida, and areas that you cant even get to yet really like the keys, and you just named the challenges, the power is out. Fuel is hard to find, and with people getting on the highways going home, thats only compounding the fuel situation. So we had about 22,000 people and about 200 red cross in government Evacuation Centers, and we are anticipating that many will still be there in the days to come. Were turning them into more like shelters, Evacuation Centers are where you go for an emergency, and now if you have a longer stay, well turn them into shelters, but theyre trying to get the schools back, and trying to get back to normal, but its a huge, huge challenge, and weve had more than half a Million People staying in shelters since the storm struck. Neil now a lot of them are schools, gymnasiums, large cafeterias and the rest, and schools have been out of session to deal with that. Is that still the case . Yes, it is. I mean weve heard mention theyre trying to get them back up. It just depends on the area too. Neil right, right. Some schools may be back up on thursday, if they can do it, and in some of the schools, they have been trying to serve meals and things, right now, again, without power, very hard to cook hot meals. Weve been distributing a lot of meals and mres and snacks like that. Hopefully you get that power going is the main thing, and as people go back to their homes, were trying to make sure they are safe and follow a lot of good safety tips and once we can get on the roads and rolling more, well be out into neighborhoods with, you know, meals and relief supplies and things like that, that people may need to go about the business of cleaning up their homes. Neil i have no doubt you will, thanks for your hard work, suze and all the folks of the red cross pitching into to help out. In the meantime, updating you more on the iphone x, not technically coming out until november 3rd. That is very unusual as far as a new Product Offering from apple. The significant delay between the announcement of the phone and when its available. Whats going on . After this. Parodontax, the toothpaste that helps prevent bleeding gums. If you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. Help stop the journey of gum disease. Try parodontax toothpaste. Iphone x, the most advanced iphone weve ever made, incredible new design, face id, true depth camera system and more powerful technologies than weve ever put in an iphone before. It really is the future of the smartphone. Neil i can see a problem already. Its like ten times bigger than a normal sized man. [ laughter ] thats not the problem, whatever is the problem, this thing you wont be able to get it until november 3rd, cant order until october 27th. A whole lot later than usual, which seems to telegraph, do they have shortages out there . Supply shortages . What is going on. Tech analyst Eric Schiffer here, peter pascal and Deirdre Bolton is on the west side. Thats an unusual delay, all the product announcements have can you order the watch as soon as friday for delivery soon thereafter. Not the x. My hand what i might be spending a thousand bucks for, not even one example here. No iphone x at least in the storm. No iphone 8. So to your point, along with the released delays, it does seem to be raising larger questions about, hopefully if youre an apple supporter, apple is ready to go through with this product, especially if they are charging a thousand dollars, and also tricks off maybe some of the bigger concerns as well, neil. We were speaking about this yesterday, the fact that iphones in china, sales have been slipping for the past six quarters, so more local suppliers are ramping up there. So there are a few black clouds hanging over this release, at least, if you want to take a little bit more of a pessimistic view towards apple. Neil. Its getting the zapruder feel that something is going on. Eric or pete, should we read anything into this . Could it rop the company of sales and profitable sales at a time when maybe it most needs it going into the Christmas Shopping season, or will it sell these 8s and 8 plusses that have steep margins but not as steep as the x. What do you think . Its going to affect sales. I think the sales will be deferred sales, not dropped sales, people will be opting not to buy the 8 and the 8 plus because theyre waiting for the x. But the x gives people who upgraded a reason to upgrade. If you bought the iphone 7 last year, theres not a lot of reason to buy the iphone 8 or 8 plus, not a lot of upgrades but the x provides that extra motivation, in the end, though it might take a little while longer, apple is going to come out ahead on this one. Neil eric, looking at the apple tv and the watch, that didnt get as much hoopla. The watch the fact that its a standalone product, have Cellular Service and same number as your phone, that is something you can order as soon as friday. Did they factor that in and therein might be disappointment for the delay in the iphone x knowing that look, weve got that ready for you, so in a way, its designed nicely that way so that it gives some solace to those eager to get their hands on something. I think its an interesting theory, its possible when they sat around and planned the product release. Neil or maybe it wasnt deliberate at all. Might not be deliberate at all. Making lemonade out of lemons. Its possible. Interesting, i think this is understand, ive heard supply chain issues and certainly thats the rumor, but theres another theory which is that they are trying to get the early adopters, the people that want to spend this kind of money on the x to go and invest in the 8 because they are getting some type of upgrade, Something Better technologically and move into the x. There is also that possibility too. Neil significant delay in doing so, right . Youre not going to rush into it . When you say delay, i think that we dont know when the x will actually come out. The 8s going to come out sooner. Neil you are not quite convinced its even the november event its billed to be. No, i dont think we know. Apple said its november 3rd, you can bet on that. Neil really . They said november 3rd. There might be three or four phones, you dont think it will be that bad . Apple has been consistently not always accurate in terms of release dates. I dont think we can count on that for sure. There is a gap, theres a way for them to make money and sell two phones and thats a possibility. Neil im not worried about making money, you are right on that. Deirdre, im wondering given the fact that they announced so much and the community and smart guys like our guests are so involved and know what the nuances are of all this and the potential money make promise of them that the rollout is actually going to work it apples benefit. What do you think . Yeah, and i think big spaceship looking headquarters. But i think its going to test consumerss pain point, price point to ask a lot of people, and i heard what the analysts are saying, theyre going for the adopters, people who are loyal to the brand, but a thousand dollars to spend on a and you cant touch just an example of even the 8, i dont know if thats going to set people off or not. Neil i dont know if the lines for the hot dog dudes or what. They have images, nothing more than what you and i can see looking at the live feed. No physical phone to put in your hands. Neil you get a nice hot dog there. Guys, thank you very much. [ laughter ] apple stock trending down a little bit, but it is within just a shot of its alltime high, and the stock has appreciated 40 largely in anticipation of this. Do not try for apple shareholders or apple itself. A telethon to raise money for hurricane victims and guess what happens . Youre not going to believe this. It got political. Anyone who believes that theres no such thing as Global Warming must be blind or unintelligent. During the time when its impossible without seeing violence or racism in this country. Over the past year, many of us are frustrated. Bombarded with images and news of hate and division. Neil what does any of that have to do with raising money . Its a good cause for raising money in texas and florida and by extension, louisiana after irma, harvey. Does any of this serve purpose . When you consider the two states texas and florida voted for donald trump. Whatever understanding of the victims of the storms, the states involved voted for the guy you keep pillering and the folks who voted for him, to the federalist staff writer who says the turning political takes away from what is otherwise a good cause. I agree with that, bree. First of all, it has no place, and secondly, you are biting the very hand you hope to feed, its play on words there, what do you make of this . Anyone who knows anything knows its a bad idea to insult the people that youre trying to get money, from and insulting half of the country who happens to have voted for donald trump, including many of the victims in texas and in florida that were the hardest hit by the hurricanes. This is just a really dumb idea, and it also makes them look very hypocritical and makes motivation for participating in the telethon look suspect. What wast reason for doing this . To raise money for the victims or use this big platform as a way to push what they wanted to say in their political agenda . Neil yeah, i commend the good theyre trying to do and leave it at that. Whatever your political opinions, might be strong, you might have Serious Problems with this. I think beyonce was linking indian tsunami with what was going on in mexico with the earthquake. Even climatologists are saying, thats a leap. But leave it alone, leave it alone and focus what the original intent was, which is a good one, raising money for the victims, regardless of political views or yours . Yeah, this is the same kind of smug attitude we saw all throughout the election which is that celebrities think that they have to tell americans what is good for them, right . They think that they have to tell them what their political opinions should be in order for them to know it, i mean its very clear that them using this platform which is otherwise a very good thing, its a good thing to raise money for hurricane victims whose lives have been devastated by the terrible tragedies but a bad thing to twist that into pushing their own political opinion, right . It goes to show you how smug and selfimportant they are that they think that hijacking this event in order to push their own political agenda and push their own opinions, that goes to show you just the same smug attitude we have seen over and over and over again. Neil and, you know, not all of them did this, whether it was Julia Roberts or Bryan Cranston and a host of others, justin timberlake, the message and emphasis getting help to people who needed it, and yet i found that these other distortions to make a political statement got in the way of what was a nice undertaking and ruined by a couple of show boats who wanted to make a political statement. All right, so fox news alert, you dont like donald trump. Fox news alert, Climate Change is a big issue even though apparently it has dormant enough not to be a big issue in this neck of the woods for a thousand years but you had to do that and i think it ruined it for the other entertainers and celebrities who were part of this who didnt go that route. You are exactly right, as you pointed out, a number of celebrities including Darius Rucker participated with good intentions and then, you know a couple bad apples ruin the cart, right . Listen to what were talking about and dominated the news, the emphasis is no longer on the victims, its on people like beyonce who used this as a pawn in this larger political game that she is trying to play, and so unfortunate. Neil you know, bre, they could take lessons from the folks doing boat rescues in texas and by extension in florida, not a one of them came to a home asking their views on Climate Change or politics or whether they liked donald trump or hated donald trump. They didnt see political leanings, they didnt care whether they were republican or democrat, conservative or liberal. They saw human beings who needed help and left it at ought . You are right, what is interesting coming from the media and celebrities like the ones we saw today is the fact that theyre acting so shocked, right . At the fact that americans are a good people at heart, and several political pundits have taken this as an opportunity to say this isnt who americans are by default, which isnt true. We are good people at heart, strong in the face of disaster, and i think when we are push comes to shove, and were looking danger straight in the face, we do come out and act at our best, right . I think that has been exhibited over and over as you pointed out to the cajun navy or chickfila coming to the rescue to help an elderly couple out of their home and save possessions. These are people whose jobs are not firefighters, first responders, et cetera, we need to talk about the fact that the churches have been on the front lines of helping many of the victims, right, and deserve reimbursement for efforts and look that the and the other individuals who werent tasked with helps but stepped up to the plate and said this is who we are as a country and a nation. Neil its not a conservative liberal position, and a lot of the folks cant sing, maybe theyre not great at acting, but silence and decency, it was deafening, absolutely deafening, bre, thank you, very good seeing you again. Thank you. Neil all right, equifaxs ceo promising consumers changes are coming. Okay. Like what . It happened because we had an Incentive Plan in Retail Banking group that drove inappropriate behavior. When issues began to occur within our Retail Banking business, we didnt move as quickly as we should when they got escalated to the Senior Management team. Again, we didnt move as quickly as we should. We fundamentally changed the company in terms of how were organized, were centralized, corporate enterprise risk functions, ended that Incentive Plan. We changed management. Weve made many comprehensive moves to deal with that. Clearly week made a mistake, we had to take responsibility and fixing anything that was broken. Neil all right, of course, in that riveting interview with madiso madis Madison Bumgarner maria bartiromo, the tens of thousands accounts sucked into the scandal of Getting Services they didnt want, didnt need and had credit record dinged as a result. We will probably never know, they probably have a pr crisis on their hands. He sees a pattern here. Equifaxs ceo saying what we meant to say was, again, trying to put a spin on better than 140 million americans credit reports being leaked out there in cyberspace, and the problems that can cause. You know whats weird about it, gerri, in both cases, if you think about it, its the problem is over until they have to clarify maybe its not over. What do you think about the equifax thing, the difference here is no one is necessarily a customer of equifax as much as they collect data on us whether we like it or not. Its true, they affect us tremendously, but were not the customer, so thats a problem. Thats a pr problem for them, a political problem for them, but theyve got problems of their own making despite whatever business they happen to be in, and im glad that you played that clip about wells fargo because there are similar problems, have you too much power with the ceo, you have combined ceo chair, the boss the board is supposed to be the aboves the ceo and the shareholder supposed to be the aboves the board. Some companies reverse that order, the ceo basically runs the board and the board basically, you know, treats the shareholders like they dont have power, and in the case of wells fargo and also in the case of equifax, you had that problem, so theyve got a Corporate Culture problem thats not going to be solved with editorial in usa today that says golly that was bad and embarrassed but well try harder in the future. Thats not enough. When you have a pr problem your ceo puts an oped in the paper and you go down another 3 , that suggests the problems are deeper than surface. Neil i know its human nature to gloss over what would seem to be obvious, and in all professions i know its common, but to then say, all right, we have this product for you, equifax customers, concerned about, this but in order for you to get it and get it for free, you are essentially writing off or taking legal action against us, as if. But what do you make of that . I make of that theyve got a problematic business model, which is that by grading us on credit, they immediately make themselves a hated company with a hated business model. Neil surely they had to know how suspect that looked, right . I know you hate us and i know youre mad at us for leaking your records but we have this great product that will make sure your records arent leaked and were the same company that leaked your other stuff unintentionally. Thats like me gives you dietary advice, you dont go there. If youve got dietary advice, im all ears. Really . Im not the guy to dispense it. Thats what im saying. I think equifax needs dietary advice, stop trying to grow so quickly, if theyre a Growth Company, they had Growth Company valuations, they kept beating earnings per share estimates which is a sign they are twisting things a little bit. Whats the growth model, more indepthed americans, we have too many indebted americans, i say do the business well rather than have the stratospheric growth targets which mean you are going so fast you cant manage your Digital World when you are entirely a digital company. So business proposition is based on operations and you were neglecting operations because you had grandiose growth ambitions, they need a dietary plan too. Neil do you go with the camp that says go big or go with tax cuts . Its hard to say given the overtures the president is trying to make with democrats to strike a bipartisan deal, when i hear bipartisan, i think the good is that you get something passed and something is better than nothing. The bad is it might not be that big a deal. The tax cuts might not be across the board, paid for upfront, i think tax cuts are different, they should be big, so in the end, they might not be, and im worried whether were going to see much from, this what do you think . Im in the Ronald Reagan camp which says if we can make things better, not shoot for the moon, get something doable thats genuinely good. When you shoot for the moon when you are overly ambitious, the same as the corporate story, we frequently end up with something we dont need. If we defer tax cuts too long, were going to get a zero growth or recession fit. Tell you youre going to get tax cuts next year, what do you do this year . You sit on your hands. That means were going to have more corporate problems. Look, we can handle our level of debt if we grow. If we dont grow this debt is a crisis. Neil it might not be as big as we envisioned but something and thats better than nothing, right . Im in the camp of if you can make things better and get half a loaf this year and another half in a year or two, we need a half a loaf. We need growth, otherwise the valuations are unsustainable, the debt levels are unsustainable. We can grow our way into valuations but have to have progrowth policies and perfect progrowth policies two years from now are worse than pretty good progrowth policies now. Neil not too shabby. Jerry, thank you very much, my friend. Thank you, my friend. Neil smart guy, very smart guy. More on the bipartisan meeting taking shape on capitol hill. Another hour from now, the president meeting with democrats and republicans, more on that after this. Think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. Read the prospectus carefully at alpsfunds. Com amlp neil all right. Welcome, everybody. I am neil cavuto and you are watching cavuto coast to coast peered going through the list of 13 congressmen and women meeting the president and another hour. It are democrats including one is likely to challenge republican senator jeff flake of arizona. Only five are republicans. So i dont know the thinking behind the invite list and why this particular budget. Adam shapiro does. It sets the stage for an even bigger bowwow tonight. Chuck schumer and nancy pelosi. Adam is following it closely on capitol hill. Rings are moving very, very quickly. Whats going on . Reporter they are moving quickly. Lets show everybody the representatives at the white house that will be a meeting with the president. The bipartisan effort the president is doing to make an historic effort with Chuck Schumer and nancy pelosi is perhaps even tying a portion of tax reform to democratic issue. Thats also a President Trump issue, which is infrastructure. Thats one of the things they could potentially be discussing at this meeting. Of course republicans will be there because republicans are on board with infrastructure. The key of tax reform and that is what they are talking about because we did get a lay of the land today. The 25th of september with details on tax reform and in october we will start the markup in the house ways and Means Committee. But here is represented in common about where we are headed on this historic moment for tax reform after 31 years since 1986. There is a question a lot of us have in our minds, are we going to do this with the 60vote threshold with a 61 vote threshold . Listening to the comments of the white house, sounds like we are looking at perhaps a bipartisan 60vote threshold. Reporter okay, so what hes talking about without getting too wonky as the senate cited this, the 60vote threshold because they will do this in a way where you potentially only need 51 votes. He was key in this . Kevin brady. Hes the chairman house ways and Means Committee on the 25th is the number. If it is something the senate is buying into once they get a budget resolution in october, they cleared the path. You might call it the runway to land tax reform. A couple other meetings that will take place today. This is a busy day in washington. Chuck Schumer Nancy Pelosi having dinner with their new pfs, the president , President Trump. Bill had dinner at the white house this evening. One of the things they are talking about his health care in the Affordable Care act. Thats one of the issues they talk about what the president as well as daca. But this is a big day because you got Bernie Sanders really not as legislation mac or prosinglepayer health care. Thats a nonstarter not expected to go anywhere, but thats with happening on capitol hill in one breath. Neil not too shabby. The sanders thing he has at least a dozen Democratic Senators with him, all of them you could argue are either running for president already or will shortly. Obviously that the Democratic Party recently appeared for some of the democrats. Democratic leadership is very scared. We see democrats offer a competing legislation to water it all down. Theres an article in politico which lays out the fierce democrats have because there are those opposed to singlepayer health care system. Neil thank you very, very much. By the way, dividing the Democratic Party from the moderate review of the establishment to the liberal before that as corey booker, california and quite a few others. Elizabeth warren keen on this idea that would rally the base even though base even though some say would drive the party far, far left. Thats for another day. Right now it seems to be on making progress on tax reform, maybe just tax cuts. Charlie gasparino, and this is sounding more like who gets what, but not tax. Charlie we should listen that Brian Schwartz broke the story about the president s meeting i am batman, though. [inaudible] charlie and youre kind of like alford. [laughter] charlie with a drink in his hand. So were going to meet with chuck and nancy tonight, his new best friend peered neil Chuck Schumer nancy pelosi. Charlie right. If the president has an endgame, if he really has a theory about how he can bring them and get the support come in the tax cut plan that larry cut low and steve moore put together during that, hes supposed to be trying to implement and youll do that and thats great. If you just meeting with them to stick it to mcconnell and paul ryan, the House Speaker and the Senate Majority leader faces laughing now, in his words because that Health Care Reform or whatever. Then its kind of a ridiculous meeting. Thats the thing i cant figure out with President Trump. Hes a vindictive dude. Is he doing this with an endgame intact or is he really looking to stick it to the Republican Party who he thinks is not coming . He could just be doing a little bit of both. He could be surmising. Its just a couple of their players feel off i dont have a deal. Or the state democratic congressmen who are going to be there today get some of them in the three Democratic Senators who were with him last night. That might be enough to seal the deal. Charlie then why is he kissing up to to very liberal leaders of the party. They are extremely liberal and they reflect more. Neil maybe he had a down payment on an infrastructure deal for him to die. I dont know. Charlie i just dont think they are willing to deal in his taxcut plan. They would if they dont give a tax cut appeared okay, so theyll go for a middleclass tax cut. Will they go for Corporate Tax cut . Neil as long as they come out whatever they said at the beginning with the upper income. Im just saying i dont know whats going on. Charlie if they go for a Corporate Tax cut of 15 to 20 , nancy pelosi and Chuck Schumer who was never that i remember advocate that type of pretty significant Corporate Tax rate. If they give a marginal tax cut to everybody minus the rich, thats pretty good. If they do that. Neil how do you think the rich react . A lot of your friends, i just live vicariously off of you. They dont know this is a possibility. I mentioned the distinct possibility. Charlie my dad got us through a lot of tough times in the 70s being a bartender. One of the things my dad was really, really happy about was that there were some rich people. Why is that . Those are the people that spend money. You give them a tax cut. By them a taxcut them a tax cut. By the victim in the upper 5 pay 50 of the taxes. Its an astronomical amount. You give the middle class a tax cut. Neil them versus the middle class. Charlie i will help middleclass people more. Charlie said about Corporate Tax cut, with investors and Everything Else but i dont think they think theyre not going to get a tax cut. Charlie they dont. But heres the reality. If they dont get a tax cut, and we are not really looking to spur the economy with any of this stuff. Neil you are not in the Stuart Varney camp that something is better than nothing . If you want to stimulate the economy, and i didnt hear what stuart said. Neil he was making fun of you. Actually he wasnt. Charlie if you think that you could stimulate the economy more by giving the middleclass tax cut to the top 5 . Neil i like the george bush way, jfk way, Ronald Reagan away. Charlie and it worked. Thats why i dont think lucien schumer and i hope donald trump is not looking i hope his methods are not to destroy the Republican Party. Heres the thing. The Republican Party, they are going to fight for survival at some point in his really looking to stick it to them. What will happen is if they get bounced out of the house in 2018, and hes still sticking it to them, they would join democrats. Neil Chuck Schumer nancy pelosi of no interest in securing the republican majority. Neil and heres the thing. If that happens, the Republican Party will fight back in my prediction that would join democrats to impeach him. Neil always a hater. Charlie im just telling you. Its going to destroy the party and never come back at you. Neil good to see you again, buddy. Charlie gasparino. Meanwhile, theres a growing debate. Charlie and i were getting into taxcut and revenue neutrality. The thing. We want the biggest reduction we can get some of the most sweeping reform we can get and i do not think the revenue neutrality is at the top of our priority list coming from one of the biggest deficits in washington d. C. We have to have that growth. Neil word used an imac . We talked about this before, but there is a way to do this with progrowth and passing tax cuts compared to the current code. I do think you need to have this revenue neutral discipline in place. Neil i said it many times on the show. It does come down to revenue neutrality by definition the tax cut should be limited. You cant go crazy. Those who dont like it say in order to make a profound difference is the behavior of america and the taxcut got to be big. And there lies the rub. Its one or the other. You really can be both. So news editor Terry Jeffrey is an allaround genius. Said david, i dont see there being any gray area here. What im seeing more and i could be wrong is that they are leaning toward threatening to neutrality, which a lot say is the way to go. But i dont think it will, you know, do lunch. You said they are leaning towards it. Yes, congress says. Commerce has Approval Ratings of 9 because they dont get it. The people who do get it are the people guiding the Economic Policy of President Trump, talking about steve mnuchin. We dont know that. Yes we do. Steve mnuchin was on Fox News Sunday a couple weeks ago with Chris Wallace and he specifically said we are not buying into the revenue neutral business. Im paraphrasing him. What we are hoping for is growth is going to get us moving so much come and get her gdp moving so much as it did in the 1980s when they cut taxes that problems at the back neil im not sure it will be. I would like it to be that way. Heres where you can help me out. I think this dinner tonight with nancy pelosi and Chuck Schumer as well as the estate democratic congressman, part of this group of 13 meeting with the president in another 45 minutes or so. Obviously, to get some democratic votes, the president can you take about providing a tax cut to the upper income people. Or a dramatically lower corporate rates. That is just my impression. I could be very, very wrong. What you think of that . I think youre absolutely right. Neil really . I thought you were making out. President trump cannot get a good tax deal through if it has to be improved by Chuck Schumer nancy pelosi. It wont happen. To put this in if, through july, which is the latest the treasury is reporting that tax members, the federal government had collected record individual taxes and payroll taxes in fiscal 2017. According to the omb and cbo, thisll be the first year in the history of our country the federal government spends more than 4,000,000,000,000. 1 over 20 trillion for the national debt. We have a federal government that taxes way too much spends way too much. The liberal democrats want to do more of both. The republicans and President Trump have to cash taxes. Mulvaney is right. Dont be deficit natural. Also cut called the talk about cutting government, you know that they never actually do it. Thats the problem. Ive got to say, neil, we have heard all this before. In the 1980s, remember Ronald Reagan was hearing about deficit neutrality back then and ever and said you shouldnt do the tax cuts first. You should cut spending first. He went with democrats. He went with tip oneil and a whole bunch of democrats and that sort a mediocre, what was described as a mediocre tax cut through 1981. Look what happened. The gdp exploded after what was not the perfect tax could deal. We grew by 4. 6 in 1983 when the cuts kicked in. We grew by 7. 3 . Neil five years later for tax reform. Exactly. Neil im glad you mentioned it. Kerry, my big worry is in order to secure a deal with democrats and again guys, ive got a stress i could be totally misreading this. Hes giving the president must be getting something the democrats to make at least a few of them get on board. Maybe yesterday with this talk of an infrastructure plan and daca. Maybe thats the appeal. What you see happening next . Well, what i see happening next, the big question is which way President Trump goes. Does he go for real taxcutter does he wanted your posts and schumer . Another thing and schumer will never go for coming neocon is a policy which President Trump wanted to do. They say that the tax cut for the rich. The truth is the estate tax is paid by familyowned businesses, the businesses that employ people in towns all over this country. Bank of america doesnt pay the death tax. Local food Family Business does, too. President trump and when that politically if he takes it to the country. Neil you dont raise that much money from the death tax. And now is one of the key points back in april when mnuchin and cohn came out with the plan. They were on board with that. Neil do you think will have a tax cut by the end of the year, guys . I think we will. I know im in the minority there but i think eventually donald trump is going to overstep Congress Come all the stuck in the leave people in congress will be overstep. Trump is going to trump congress. Neil jerry . Yes, there will be a tax cut. Neil we are running out of time. I can give you my prediction. Look at the time. Thank you, both very, very much. An update on whats going on in florida. We still have millions without power. A lot of them being told no rush to get back here. For one thing thats the story. For others its a mass and we cant guarantee your safety. Back after this. 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Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Fast connections everywhere. Thats how you outmaneuver. Neil all right. Changes have been secured at the white house, a briefing now supposed to be with sanders. I know its not the same time the president was going to meet with that republican congressman from her teen of the eight of them democrats. That is a Bipartisan Group, much as it was last night but the dinner featuring six senators, three democrats, three republicans and of course all of this setting the stage for tonight when the president is meeting with Chuck Schumer coming nancy pelosi, tongues are wagging about that as to whether hes coopted them in and make more democratic votes likely for tax reform, tax cuts, however you want to see it. Things would be fast and furious you will keep an eye and not. Also keep an eye on florida and whats going on there. The spending for that seems to be growing exponentially by the day in the hour. It is a significant issue for everyone in washington as it is for the next guy including all those without power, millions still without power. I think a little under 5 million in florida. Duke energy, hope im pronouncing that correct. What is the latest there . We are making good progress. We got over half of our customers out back, over 650,000 customers have been restored. Still over 700,000 now. We have an army of 12,000 across the country. The folks down here helping a. Our main focus has been unsafely restoring the system as quickly as possible. We ask the citizens of florida and are territory watch out for the laymen as they are walking on the side of the road and also please think a lineman. They are coming from all over the country and working hard to help us and are not stopping until everyone is back. Neil it is tough work. I was thinking theres a difference between those regions of florida and those that are little more conventional aboveground, and the aboveground were most likely hit by power outages. I know discussions have been ongoing about maybe addressing that maybe addressing now they may be making this the moment, whatever money has come into florida, to make more lines of the ground. Yeah, this is a very expensive storm for florida and for service territory. We saw damage in all 45 of our counties. Amazingly, a lot of the worst damage is on the east half of the state. We are looking at having everybody restored on the western portion by the end of friday and then the rest by sunday. Weve made a lot of investment since the last batch of hurricane down here in florida in 2004 in 2005. We spent over 2. 4 billion honor system. We plan from our underground main and more installations on our fears to help us deal with the storms a little better in the future. Neil you know, ive been looking at this, whether its Florida Power light or your colleagues in the business, but you can be hurricane ready. I know there is no such thing as being hurricane proof for more hurricane resistant. I know its a big facility. Mightve been in riviera beach, florida. That couldve been a category five hurricane i was told. That doesnt necessarily mean the airlines to and from it are similarly bulletproof. Would you do for those . Yeah, the damage like i said was very expensive. We have over 3000 power poles we are having to replace. 1000 miles of power cables are down that need replacing. Replacing some of the wooden poles of concrete structures as a way to make that a little stiffer for the storm to handle and that is part of the 2. 4 billion weve been spending over the years to help harden the system. Neil what about those trying to return home, generally knowing particularly in the keys. I would imagine those folks dont rush back until there is power. How do you advise . I understand the concern everybody wants to after evacuate get back and see if their property has survived and what needs done to clean it up your diaspora people to stay away until we get the powerbooks. Well have most of the folks back by friday and the rest of them by sunday. Not too much longer to wait. I just asked them to be patient. Make sure they are safe when returning and get everything put back together when we can. Neil thank you for all of your hard work. The duke Energy President doing whatever he can to make florida right again. In the meantime, a lot of apple products are coming with the many weeks to come. Thats a lot of good news in the ancillary benefit. In fact, they are going to make a little bit of money it looks like. E future. Whos he . Hes the green money you can spend now. Whats up . Gonna pay some bills, maybe buy a new tennis racket. Hes got a killer backhand. When its time to get organized for retirement, its time to get voya. Welcome back to coast to coast. Highly anticipated. It was the launch of the new iphone yesterday and while apple stock has entered the town died, we are looking at all things apple. Apple the phone carriers, on suppliers. You can see the phone carriers this week jumping throughout the week it for example, bryson of almost 2 , gaining almost 1. 5 . Apple, iphone suppliers as well. Anything apple related has really been jumping. You can see that those names have been up throughout the week, up about 4. 5 to 5. 5 . All things apple. We got the eight, eight s. , 10 and in addition to iphone set of allnew features, luxury features, thousand oaks, you also have an lte enabled watch upgraded with the apple tv. Better color, better recognition. All elements that go into the suppliers. Apple is held has been down five of the last six days and down again today. Neil thank you very, very much come in the very much, nicole. To nicoles point, and not surprisingly now if you have a separate plan, it is going to tell you capabilities. You can do the math on this. It gets bigger, bigger and bigger. Worker watcher, fox news contributor. Jenna, over to you. How big of a deal is that . They attempt to factor that in. What are they talking about . We are talking about another 10 a month if you upgrade to the watch that you can use as your own phone on your wrist. We are also talking about the new price point for that new fancy phone, the iphone 10, luxury phone. So that gives them a lot more room to play with to really upsell people in terms of the thousand dollars to 1200 entry point for a found. So it is a big win for the carriers and now they will start competing for a much higher business as well. Neil im wondering for apple. Do much good benefit all these other ancillary players including those behind the led screens and they have no idea what they mean even now as i asked you this question, but i do know the iphone tenet. Com you can even order it until the end of a sober. He cant get it rescue scenario until november. Including these latest waves yesterday, where most of the stuff you can start ordering as soon as friday. What is coming on here is telegraphing problems . Its interesting. It may be telegraphing production issues are just delays we have seen. Theyll get it in by the Holiday Shopping season, which is good. Here is this great thing, but by the way you cant have it yet. Thats also adding to a little bit of a tumor angst with respect to getting this phone. We can agree its like jennifer said. This is about touching the consumer and allowing the carriers to go out and say hey come you want this new iphone . Great. Maybe one to 50 gigabyte data plan which sounds ridiculous, but we are getting there with respect to how these funds can do on ads and Everything Else. Its a tough point where they cannot sell you other devices, other gigs you may want to happen that will lead to more revenue for a lot of characters. Neil on the launch think the launch thing, its like the sleeper announcement, but you could have significant implications going forward. I know apple thinks its the bestselling on her. But does it change things when its independent know what not tied to a phone, when it can do literally a lot of the date tracey sappho is first heralded to do . It does change the game in terms of the apple watch. The watch i have now is the best smart watch in fitness watch ive ever tested personally. So now you take that and you make it operate with your same phone number by itself without having to have your smartphone around. That means i can run go for a run and all i have to have is that tens of thousands of songs. I can take and make phone calls without anything around. Sams son does that, but it has to work with a different phone number. So this is a big step in a big push forward into a better smart watch. Just to go back to the production issue, the biggest production issue was in terms of the supplier, a vietnam supplier that makes him sound or an affiliate with sam sloan trained to do with sam sun did and still have a fingerprint scanner, a touch scanner. They couldnt do that, so they scrapped that touch i. D. And are now really pushing that so that will be a big task. We need a lot of reliability, but that still is a big question mark. Lets take it as a given that they are going to sell a lot of these phones and other gadgets this christmas season. Do you think it hurts other retailers does whatever you buy, there is a limit to how much American Consumers can shell out, that it might be a very successful season for apple, but it might not be for jcpenney or nordstrom. A lot of those retailers you mentioned have been in the doldrums and will continue to do so. A site with interesting, this Holiday Season versus prior in the last few years, the economy is in better shape. A lot of economic hope out there. If you are getting the iphone eight or iphone 10 if youre so adventurous, you will spend other monies because you feel better as a consumer and thats aside from the fact apple is doing Amazing Things with the on og. A lot of reasons to go out and chopped his Holiday Shopping season. Im glad she went there. Thank you very, very much. There always regardless as a little side note. Democrats are pushing the singlepayer health alternative. Hes got a dozen democrat, all or most very interested in running for president with him en masse. Is that a good or bad thing . After this. You know who likes to be in control . This guy. Check it out selfappendectomy oh, thats really attached. Thats why i rent from national. Where i get the control to choose any car in the aisle i want, not some car they choose for me. Which makes me one smooth operator. Ah still a little tender. vo go national. Go like a pro. Neil all right, President Trump might be focused on tax reform right now, but he is having Lindsey Graham and bill cassidy, two republican members who have health care measures to try to fix obama carrier. Just quoting a little bit of some of it. Obama has been a complete nightmare for americans whove been devastated by premiums under daca rules and canceled or and canceled her shrinking plants as they continue to say inaction is not an option and i sincerely hope president graham and cassidy have found a way to address the obamacare crisis. Keeping a very close i am not among the some half dozen Senate Health bills out there, this has given the most promising nonce that it could be a nod which we are totally keeping an eye on it. Meanwhile, democrats pushing a solution of their own. At least a dozen rallying behind Bernie Sanders. Something about singlepayer. Thats right. In an editorial, senator Bernie Sanders describes why he believes congress should pass legislation to extend medicare, the program the nations elderly has served to all americans. Do we as a nation, he writes come he writes come and join industrialized world and guarantee comprehensive health care to every person as a human right or do we maintain a system that is normally wasteful and bureaucratic. They are expected to be introduced today. So far 15 democrat had said they will back the bill including senator elizabeth warren, Kirsten Gillibrand and corey booker. What are these people have in common . Could some of them the president ial candidates in a few years . I think so. Whether or not medicare is realistic is a big, big question. According to the American Action forum, everybody on medicare, even if you get rid of other Health Programs like medicaid that would become redundant, it would be 34. 67 trillion between 2017 at a minimum. Inc. About that. Many of the people who support universal health care might change their mind if they nail the good senator had proposed earlier 2 income tax and 6 tax on corporations who fund it. He did neil he did. I forgot about that. Thank you, gerri willis. In the meantime, garland nixon on pushing the singlepayer option for democrats. Some are concerned as you know that it looks a little too out there. Thats why the establishment of the party, i dont know what that is anymore are not necessarily in sync with what senator sanders wants to do. What do you think this is going . The good thing politically is that the democrats have an affirmative plan. Right now republicans are against obamacare, but they dont have an affirmative plan, something to sell to the voters. I think the strategy here is to push it in the long run and let people know the singlepayer is simply medicare. The fact of the matter is 93 of the people on medicare already approve of it. Its a good plan both politically and ultimately with Health Care Prices for many years. I do see them what you are saying. Its very Honest Campaign when he said he would hike taxes on the middle class and the upper class to pay for this. So he relates this just couldnt be the view in that it would be very instrumental for all. He was at least coming from the point of view that this is paid for. That is what sticks for people like Chuck Schumer, nancy pelosi. I dont know about nancy pelosi. I do know jack schumer fears there will be a label in the democrat. I cannot adjust up or income, but on the middle class. How do they respond how do you respond to that . Neil thats an easy one when you look at the easy numbers. Lets say you pay an extra 300 a month in taxes. The fact of the matter is people are paying 500, 800, 1000 a month. It would be bad if people had to use a the kind of numbers they pay for health care and had to pay taxes. When you look at the numbers and you dont pay that thousand dollars that a lot of families are paying and alice that you pay 300, ultimately the numbers numbers neil theres a lot of logic to what youre saying. I did want to pick your brain a little bit about the fear that whatever the merits of that argument, that the party will look, more Big Government and thats what worries the establishment of salaries a dangerous thing to say on either party, but that is what worries the establishment. Its the sure way, the hard left way as a sure loser and Posthillary Clinton and the way she lost, the party then transfer their last, further diminishing chances of taking back the white house or the house and senate. What do you think . Two things. Number one if you look at the real numbers, i was one of the people who predicted donald trump woodwind on fox news. You only have to do three things to win. Turn after base, turn out your base and turn out your base. The democrats in my opinion didnt lose because they went too far to the left. If you look at michigan, he got like 50 or 60,000 vote, she gossamer and 30s house unless both in detroit alone and she only lost the state by 12,000 votes. So when my opinion, the democrats need to get their base out. If you look at the numbers come in the abominable numbers theyve had over the last eight years of losing, they need to move towards their base, not away. Youve got to get the people there to vote on their base and this is a good way because its still popular. Yeah, but then others might say they are repelled by it. Certainly. If you look at the Republican Party and they have had a lot of success and they havent had a lot of success by the opposite direction away from their base. The Republican Party has gone towards their base and beat the daylight. Democrats go away from their base, losing the larger remaining to go further away from their base. Neil still trying to be chew on that next and last name of yours. Garland nixon. Thank you. Gas prices are still out. That is what is odd because the hurricanes have come and gone. But the higher gas prices, why is that . Parodontax, the toothpaste that helps prevent bleeding gums. If you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. Help stop the journey of gum disease. Try parodontax toothpaste. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre 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. Thats how you outmaneuver. Neil its been more than a couple weeks. Something remarkable with the average gas prices. This is an average of aaa, what gas prices are now. Still about what they were right after harvey and then they continued, even though i wasnt burma, but they havent dropped down a little bit. Even in the futures market, the anticipation in him make bets up or down that they see future months and future contract months going down, but you havent seen it when you go to the gas station, for example. Why is that . Oil analyst extraordinaire on what is going on. Why is this taking . What do you think . It is still sticking because we have 4. 5 of the nations Refining Capacity so completely offline and another 10 is working their way, getting to full raids and that is not going to happen for another couple of weeks. Neil so, until we get them unequivocally back online or mostly back online, none of this changes . It stays this way . Know, in fact what we are going to see is a slow decline in gasoline prices over the next six weeks. They will probably come awfully 70 cents a gallon because that is what we see in the cash market as well as the futures market. Neil what else could drive it . We are interviewing a slower season now after the summer rush and so youre not going into headwinds here, but how long does that last . What do you typically see this time of year . We typically see gasoline prices, but since we are connected with the rest of the world in the u. S. Has been the next order of gasoline and diesel, we indebted be in effect give in mexico were a strong earthquake took out their largest refinery once again. So, we have to be concerned that in order to supply in the u. S. , weve been bringing in oil from europe and asia, competing with latin america. Neil i think last time you were here, you are talking about in order to make this easier, a lot of a lot of states removed a lot of the clean fuel requirements, all this other stuff that tends to jack up the price. That has to be reimposed. Could that be what youre talking about here . Not particularly because those regulations wouldve been relaxed on september 15th, so the government relaxed them early. They will go back into effect may 1st. Neil how is your home . You got a chance to see your home and see how houston is doing. I was very fortunate in my home did not flood. If the car was out in the street, it likely would have been flooded. A couple streets over from me took on some water. If you went even two or three miles in Different Directions from my house, you had neighborhoods that were quite underwater. So you could see the town has gotten a little bit quieter, especially in the restaurant as everyone is tending to go to their homes, get that sorted out, get their families relocated into rental housing or apartments. So people have been very busy with taking care of their own. Neil yeah, and thats what more than anything else a thank you for your expertise throughout this whole crisis as well. We have got a White House Briefing coming up. Weve got the big powwow with democrats and republicans later tonight, it Chuck Schumer, nancy pelosi. A busy day for a president who is eager to sell tax reform and get it done and get it done this year. The treasury secretary commenting yesterday, trying to make it retroactive to the beginning of the year. So much to do, so little legislative days to do it. . Those two hours flew by, and heating up. Moments away, a White House Briefing. The president hosting this bipartisan congressional powwow and tonight, Chuck Schumer,nancely pelosi dining with the president of the united states, what can he entice them to get on board and cut taxes. Hope springs eternal in the wheeling and dealing back and forth. The president is in his element and people think hes going to get a lot of what he wants. Thats the hope. Hope is springing eternal, to trish regan with the dow up 13 points. Hey . Trish this is going to be an interesting dinner, having chuck and nancy over. Breaking right now. Whatever it takes. White House Press Secretary Sarah Huckabee sanders having an oncamera news briefing any minutes from now, you see the live feed as reporters are gathering there, shell be coming out. Well go to that to see if she can give us insight into the dinner happening tonight in just about 45 minutes from now, the president meeting with a Bipartisan Group of lawmakers on tax reform as he continues to reach across the aisle here trying to get stuff done. He wants deals. Im trish regan, welcome to the intelligence report. Might see a deal on taxes, one soon. We hope well see one, a market is