Ability to hurt us and to hurt japan the way he can this right now. Look, weve done what, eight or nine sessions of sanctions . I dont think those are going to work. If they were going to work, a, we should have done the maximum a long time ago and, b, i dont think kim jongun cares about his people. We have a lot of military might, but its only china and russia that can put pressure on the north korea regime, but then again, i think our militarys going to have to step it up and they may be having a little more show of force. I think that president moon of south korea has taken a much more palatable, if you will, stance against north crowe. He started out as more of a dove and hes been a bit more hawkish. Everybody keeps escalating with military action and putting us along a path to effect world war iii. I want to tell you, rachel, china holds a big key to this. Rex tillerson coming out this week saying that china and russia need to be on board with us for this regime. And ive asked countless specialists and generals, what can we do to put kim jongun in a corner and replace that regime and they said we cant. Its china that holds the key to that. If thats the case, how do we get tough with china . Its a great question and youre right, the key is china more so than russia. And for some reason they dont want a regime change and i think its because they dont want they want that buff of north korea on their border so that south korea, which is u. S. Friendly, isnt right there or joined up with north korea in some way. And i think theyre also afraid of a refugee problem. So, theres got to be some solution just short of regime change that cripples at least militarily the leader of north korea. But i think that the only way to do it is to go after chinese banks, i think its going to take donald trump being serious and maybe actually doing that, even knowing it could cause us some economic harm, but this thing is escalating so fast. If we dont do this economically, its going to go to military and i dont think thats good for anybody. Trish i tell you one thing, rachel, id much rather lose a few dollars than lives, and thats those are choices that we can and need to be making. Juan, weve sanctioned one chinese bank. Whoopee, right . The bank of china, by the way, a couple of blocks away from here, theyre fully in operation. There are a slew, not to implicate them, but there are a ton of chinese banks that are still doing business with north korea one way or another. Shouldnt we be going after china hard . And i mean, being willing to do whatever it takes, including cutting trade off with china if they dont actually step up to the plate and help . Well, lets stop for a second here. I mean, i agree with you, trish, about the military option. I have yet to talk with a general who says, oh, we can go in there and its going to be surgical and there wont be any collateral damage. Theres huge presence of american troops, more than 30,000 there in south korea, plus, the entire area of south korea and japan. These are our allies and there would be consequences to military action. It would be as defense secretary mattis has said, a blood bath. But in terms of china. Remember, china voted with us in the United Nations to up the sanctions. And by up the sanctions, i mean, ban oil imports into north korea, stop their sale of textiles, a key source of of revenue for that north korean regime. The question, are we willing to accept a Nuclear North Korea . I think japan is not unless you say to japan, oh, yeah, you get nukes, too. And south korea, as we heard from Jason Chaffetz a moment ago, is more aggressive in terms of their stance. They cant change whats going on. I think they have to negotiate it and the question is, how much are you willing to accept in terms of were not willing to accept a Nuclear North Korea, i think thats the bottom line and not only are we not willing to step it, representative chaffetz when you think of what that would mean for global instability, i mean, with the north koreans under so much financial pressure, who is to say they wont sell to some rogue middle eastern equipment they are able to do it because of iran who wants death and destruction to the united states. And chinese holds most of the debt. You see the problem when you have to sell more debt into the world market. If we get into a trade war with china and they doesnt want to buy our debt. Trish thats the argument, but im going to fire back this one at you. So what they hold our debt . Were the ones that need to pay that debt. If youre the bank and someones got a mortgage in jeopardy of default, you dont want them to default, right . You want to help them to make whatever payment they can because you need that, that debt to stay active and continue getting paid on time. So, rachel shall as much as people bring up this argument that we are in debt to china and theyre effectively our banker, we are the ones that owe so much money. Theyre the ones that need to get paid back, we have more leverage than they think. I totally agree. We have a president , i think, thats willing to get tough. This north korea problem didnt happen in a vacuum. I mean, representative chaffetz brings up a good point about irans involvement and weve empowered iran. Remember when Moammar Gadhafi gave up Nuclear Ambitions we had Hillary Clinton saying, we came, he died, so, we have made it rational for the leader of the north korea to want to go nuclear for his own survival. So our whole basket lies in china and i agree with you im a mom, id rather see us lose economically and use the leverage with the chinese banks and cut off the bail than i would hold on a second, everybody. Wait a minute, youd have us a the a moment when the economy is looking good middle class incomes are at historic highs you want to start an equivalent of a trade war and a trade war is much better than a nuclear war and i think this situation is escalating to a level and at a rate that makes me very nervous as a parent, as a citizen. Trish well leave it there. A whole lot more. Could mother today mounting concerns for the push for tax cuts might actually be delayed, delayed because its going to cost so much to deal with the hurricane relief. What does congress do in light of all of that. Representative chaffetz, you know how Congress Works and how bogged down congress is right now. And how tough is it going to be especially when we need so much money to help texas and florida. And i know how Congress Works. We should have had tax cuts a long time ago. I want tax reform because i dont think that tax cuts is enough. Its not what we promised and not what we should deliver. Absent from the discussion about tax reform has been where are you going to cut in the budget when you have irma and harvey and talking 100plus aboutle in expenditures at the same time you hear discussions about wanting to do infrastructure spending, then the numbers start to look really, really ugly and i think thats why the struggle to get out a package. The key date is december 25th. And President Trump earlier in the week i should say, surprised everybody saying the details out on the 25th and i think that congress hasnt seen those, so it will be interesting to see what happens there. Trish he surprised everybody with the big dinner at the white house, showing hes a little willing to work with the dems when it comes it getting some kind of tax reform package through. How likely is that in your view . Its not likely. We dont know the details. Maybe if i knew the details id do a better job of prognostication, but i cant. When i hear from people on capitol hill, theyre saying, were not going to do tax reform, which is congressman chaffetz was talking about, looking at the tax structure. Were down to the idea of tax cuts and even on the percentage of tax cuts for corporations and individuals, theres a lot of back and forthright now all right, im going to jump in. We dont know all the details. He has made it clear he would like to see a 15 Corporate Tax rate. But thats not like to see the individual rates cut. Are youre shaking your head no . He said in the past week, he said hes willing to raise taxes on the wealthy. The wealthy or the high income earners . I think theres a distinction between that. Rachel, its one thing if you manage to have a good year as a, you know, employee, its another thing if youre sitting on hundreds of millions of dollars and paying the Capital Gains tax rate on it. There is a distinction between wealth and income. And one of the things that i think is pretty disheartening right now is that the left wants to penalize income. How is that right . I agree with you as an american. However, were in a dealmaking mode. We have to get this deal done and that means we probably have to involve democrats. So, am i willing to make, you know, to let the, you know, zuckerberg pay less in taxes . Yeah, i am. Or pay more in taxes, i am rnths. Trish theres a distinction between income and wealth. Zuckerberg has a hell of a lot of wealth. In new york city youre sending your kid to school and get by on a amount like that. Its relative to where you are. I agree. Trish the left wants to paint owl quote, unquote, high earners as socalled wealthy and paint them like that. Trish, can i just say, youre absolutely right, however, we have to get a deal done and so, i think sometimes in this case, its a good example. We have to prioritize, i think corporate and middle class taxes are going to have a take a priority if that what it takes. Spending, you have to cut tax spending along the way, you cant continue in perpetuity to be in deficit. Thats the elephant in the room for republicans. The deficit. Republicans have been deficit hawks during the obama time, right . And now the question is, with the hurricanes that trish was talking about at the top of the segment, are you willing to say, wait a second, as americans, we have a responsibility to help each other in moments of emergency and its going to impact the way we do tax reform . I think the connection isnt there. Im so pleased were discussing this morning because i think a lot of people would like to look away. I think that this president in particular, one, doesnt have quite the same fear of debt as a lot of other folks do and thats in part because of the business hes been in where its all about leverage and all about debt to be able to build your business and build your buildings. So he may not have the same fear and i do think he genuinely wants to help, as we all do, right . Everybody in texas and everybody in florida thats challenged right now, and are seeing americans come together in that effort and means theyll have to come together, representative chaffetz, in congress, to try and get something done. As you point out, at some point youre pushing on a string here and theres no more money. The only way were going to effectively get more into this economy is by generating some growth, and by having more jobs and creating a stronger middle class and therefore, bringing in more tax revenue, but, you know, its a chicken or an egg kind of thing. Its a pro growth agenda and the idea, the theory, if you can get gdp grow, to 2 and then to 3 . And i think most of the infrastructure is going to have to go to florida and texas as opposed to throughout the whole country. Theres so many hundreds of billions of dollars you can give out, but we still have to cut spending and thats a fundamental problem. Trish we do and we need to generate activity in this economy which probably means tax cuts and tax reform certainly at the corporate level and bringing overseas profits back home to work for us instead of other countries, and you know, looking at the individual tax cut rate which, im sorry, happens to include the people that actually pay the taxes. All right. Coming up, everyone, how Hillary Clintons new book could backfire on her money making brand. Im Elizabeth Prann in washington. Now, back to cashin in. Trish Hillary Clinton catching some flak about her new book blaming the election loss on a whole lot of things and a lot of people. She launched the book across america, and some v. I. P. Prices running as high as, can you believe 3,000 for two people. Juan, ill start with you. Do you really think that people are going to cough up three grand to go see a candidate thats going to tell all the reasons why she lost this election yet again . Trish regan, miss capitalism, of course. If people want to pay, people will pay. In all honesty, i right book, i love to have book events, ive never been able to charge people, but ill be totally honest. Trish i dont know if she can either though. There was a line outside the bookstore here in new york at 5 a. M. For a 12 noon event and the line stretched more than 250 people at 5 00 a. M. So theres a market. Trish im talking about the stadiums, right, here with the 3,000 tickets for two. And it does include a photo op with her, but, rachel, she was challenged to fill the stadiums when she was out there speaking. I dont know how shes going to fill them now. Well, if there was a line at 5 00 a. M. , she clearly has had a base of support. The problem is this book tour is hurting her party and it shows that Hillary Clinton is really unfathomable greedy. She doesnt need to do this. She doesnt need to hurt her party and, frankly, she is he a shes making a fool of herself on this tour and blaming everyone. I think its hurting her party. Its hurting her image, its hurting her legacy. She should take a play out of the george bush playbook and learn how to retire with grace. Trish Jason Chaffetz, retire with grace, it feels like she doesnt want to go away. Hey, you know, as a republican, just keep going. I hope she runs for president again, that would be the best thing to happen to the republican party. Look, her, nancy pelosi, chuck schumer, as long as those are the leaders of the democratic party, things look very good for the republicans. Trish now, well, i hear where you guys are coming from, but its a challenge right now for the democrats and theyve got to figure out who the new blood is in the party, and it cant be a Bernie Sanders socialist, or the Elizabeth Warren types. Ill promise you right now youll be dealing with a very challenging landscape if thats the route you go and Hillary Clinton would be wise to think about that as well. Anyway, thank you so much, guys, great segment and extra special thank you to Jason Chaffetz to be here, we chaffetz to be here, we ayou always pay 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 . For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Liberty mutual insurance. Music you fill up my senses like a night in a forest like the mountains in springtime like a sleepy blue ocean you fill up my senses come fill me again come let me love you let me always be with you come let me love you come love me again you know, before we go, we want to pass along our condolences to eric bolling and to his family. Eric and his wife adrian lost their son. Eric chase bolling was 19 years old. And i know you worked, rachel, with him on the show and you knew him well and know him well and his son meant the world to him. He did. And i just want to say that it was eric has always been professionally kind and gracious to me on the show and my heart just breaks for his family and i want to send my deepest most heart felt condolences from myself and from everyone in the fox family on to him and his family. Trish its a terrible, terrible thing for any parent to ever have to go through. This was their only child and juan, you also have known eric a long, long time and you know his son meant so much to him and again, this was their only child, 19 years old. So, you know, i spent a lot of i went to clutch on sunday and i spent a lot of time just trying to make sense of Something Like this because its so its an immense hurt. I dont know how you cope with it and what i would say to eric and to adrian is that, you know, you just that love is the only thing i can say, cause i dont know how you deal with this kind of pain. I know how much you loved eric chase, i think all of us here who have known eric, you know, eric and i have been across from each other for years, not just casually, we go into it and we disagree, but ive got to tell you, i would hug you eric, and let you know how much as a dad, i just dont even know what to say to you, man. It hurts and i understand the hurt, but i hope that you and adrian can love each other and know theres a lot of love out there for you and for the man that you are. Youre a great one, eric. Trish its so hard to imagine any family going through this and you know, just on behalf of myself and everyone at fox business, everyone at fox news, everyone here on the cashin in crew that worked with eric and knew his son, all of our thoughts and all of our prayers are with the entire bolling lou good evening, everybody. Breaking news, north korea tonight fired a missile. This missile traveling 2300 miles east from pyongyang. Japanese media reports that missile flew over yap jap where authorities warned resident to take shelter and the threat from north to sink japan with a nuclear weapon. The north corn korea launched 23 missiles. And well bring you development