With biggest gain in september up about 4 . Cheryl you may never have to assemble a piece of ikea furniture ever again. Good news for marriages everywhere. Fbn am starts right now. Lauren tgif, 5 01 a. M. In new york. Im lauren simonetti. Cheryl good morning, im cheryl casone. Have you ever assembled ikea furniture . It is not fun. Lauren lets stick with breaking news this morning. President trump and Vice President pence selling administrations tax plan. Trump will say how it will affect the Manufacturing Industry when he speaks in association of manufacturers this morning in washington. Fox business will have live coverage of that event shortly before 11 30 this morning. Pence telling americans that help is on the way. Literally killed jobs across the midwest and Cost Companies to close factories and build them overseas. Folks, this cant continue. And under President Trumps leadership, those days are over. Cheryl we get more of the administrations push to overhaul tax code from our own adam shapiro. Good morning, the administration is going to continue attempt to sell tax reform not only to American People but also to congress. Its issue is repealing deduction for state and local tax which is will hit people in california, new york, new jersey, specially hard, but gary cohn, chief adviser on the economy to President Trump says the time is now to help revitalized the economy through tax reform. The last thing we want to see is wealthy individuals or wealthy groups or families move their tax rate down from the 35 rate to 25 rate. Guys like myself should not be allowed to put assets into a partnership and reduce our Tax Liability by 10 . Adam minority leader Democrat Chuck schumer says people in new york and other state where is they do rely on the deduction for state and local taxes are going to get hit hard. There are 40 or 50 republican congressmen from wellto do suburban districts, high states, new york, california, new jersey, pennsylvania, illinois, maryland, whose constituents will be clobbered by removing state and local deductibility. Getting congress to pass a budget resolution which could begin next week. The house could be voting on that and the senate within next week or two, thats crucial in order to move next on tax reform. Back to you. Cheryl and for more on this, lets bring in dan, good morning. Lets take a look at highnet worth states, new york, new jersey, connecticut, california and maryland. This is where the fight seems to be. Is this bad for taxpayers in these five states . Well, according to Trump Administration there are going to be offsets specifically getting rid of alternative minimum tax and what that is designed to do is to not allow the deductibility for state taxes. So theres going to be offsets to having the removal of an itemized deduction for state taxes. I think we are jumping the gun because, remember, this is simply a blueprint for where the president wants to go and on top of that, we keep referring to it as tax plan, yes, its a tax proposal but really more of an economic plan. Cheryl it is, Corporate Tax rate, sure. Even 20 is better than 35. Let me push back here. I was looking at something that the tallahassee policy sensor put together. They are saying something different. 3 quarters of those in those states in particular that other amt and deduct state and local income taxes would under this proposal get a net increase, so even if youre talking about, thats the pushback that youll have, the doubling of standard deduction, thats actually not the case that most taxpayers in these states to Chuck Schumers point are going to be hit. Well, again, we still dont really know that because the plan is not finalized. Look, this is a workin process. Lets see what they can come up when everything is done. The president made a commitment that theyll be a middleclass tax cut. He wasnt excluding new york, california, new jersey, some of the other states, he said middle class across the board. I believe if initially it isnt working out they will retool it because they need middleclass tax cuts. Cheryl texas, for example, have no state taxes, thats why real estate is so attractive. These states dont have voting power that the larger states do. Isnt this where its going to wash out in congress . Well, it very well might be that and what we have to look at too, these states that have having hightax rates, they have their own issues as standalone. Plenty of people that are moving out of states like new york andw jersey moving to taxfriendly states. This problem is not really a federal problem which is where we are going now but these states individually have to address the issues and this is only going to put more pressure on them. Cheryl again, im sure that you know a lot of businesses, hedge funds in particular have left, connecticut, new jersey and guess where they have gone, florida. Of course. Lauren health and Human Services tom price coming clean agreeing to pay for taking charter flights saying he was not sensitive enough for concerns for taxpayers. Fox flews has learned that the price that he will pay back 51,000 for controversial flights. Price agreed to reimburse a day after President Trump said he was not pleased and even suggested prices job could be in jeopardy. Price discussed future in the administration in this exclusive sitdown with bret baier. I work at the pleasure of the president. The president is a remarkable leader. Im incredibly honor today work in and i look forward regaining the trust that some of the American People may have lost in in the activities that i took and to not only regain the trust of the American People but gain trust of the administration and the president. Lauren guess what, hes flying commercial with no exceptions from now on. Cheryl probably a smart move. Turn to go relief efforts in puerto rico, the pentagon has named a threestar general to take charge and proving the distribution of relief which, of course, was devastated by Hurricane Maria. That storm destroying infrastructure, theres not enough Truck Drivers to get supplies into remote towns, President Trump tweeting really hard to help but many have lost their homes. Military on site. I will be there tuesday, i wish the press would treat fairly. Massive water relief. Locals trying. Lauren Homeland Security adviser defending the president s decision to add first hold off on waiving a centuryold law that requires ships be carried by u. S. Flag vessel. Governor called me after 8 00 oclock and said at this point to ensure that the Additional Needs are met as we move forward might be a good idea to proactively make sure that we pull out of the stops in case the capacity problem,i talked to the president and waived it right away. Lauren they are talking about the jones act waived for ten days. We will get more on the administrations response to Hurricane Maria with our next guest blake berman. Cheryl thats the pushback, its just ten days. This is something thats going to be months as far as relief from recovery. Lauren the other pushback, the department of transportation 40 million so they can fix the roads, they have the goods and containers, they have to distribute them. Thats the other issue. Waiving the jones be effective . Thats the question. Russia influences on the u. S. Election now that twitter shut down more than 200russia linked accounts but some lawmakers saying not enough. Cheryl Tracee Carrasco with some headlines. Good morning. Tracee twitter suspended some of the 201 accounts found, recently identified as having run ads during the president ial election, in addition twitter said russian news site rt which u. S. Intelligence report aim today med until the election, bought 274,000 of ads on twitter last year but twitter wasnt clear about how many accounts attempted to spread misinformation or violated twitters rules and how users interacted with those account which is lawmakers have been critical of. Lauren great first day of trading for roku streaming. Tracee yeah, absolutely, great debut, roku saw shares surge 68 on first day of trading and another 3 in afterhours trading after pricing ipo 14 and opening 15. 78, shares close add 23. 50. This value it is company at 2. 2 billion. The companys first day bump doesnt always mean it will be a successful. Snap shares jumped 44 . We all know what happened there. Cheryl a lot of questions on the snap ipo from the first day. Roku seems to be in a better tracee i think so too. Cheryl might be my favorite story of the day, ikea has made big acquisition. Tracee you may never have to put piece of ikea furniture yourself. I cant say, it will acquire task rabbit, can help you hire someone to do a shore like Furniture Assembly and moving. We havent gotten details on how the two will work together. Task rabbit will continue to operate independently once the deal closes in october. Cheryl you get somebody to bring you toilet paper or come fix something for you. Ikea will be in charge with them. Tracee work their way some sort of partnership, maybe when you buy a desk theyll be able to put it together for you, connect the two. Cheryl relationships will be saved. Lauren gig economy. Marriages will be safe, less fighting. Tracee absolutely. Lauren coming up majority Steve Scalise makes a return and triumph to the senate. You have no idea to be back here at work in the peoples house. [cheers and applause] lauren inspirational story and we will have more. The star reveals the medical diagnosis she got just one day after taking home an emmy. Youre watching fbn am cheryl welcome back, lets getout caught up on whats happening high. Emotions ran high when majority Steve Scalise made a surprise returned. He was badly wounded in congressional baseball practice. Scalise told members of the house, hes lucky to be alive. Im definitely a living examples that miracles really do happen. Cheryl scalise praised the heroic actions of Capitol Police officers who were on the scene who helped take down the shooter. Well, Washington State has sued objection oxycodone accountable. Actress announcing shes got breast cancer. 1 and 8 woman got breast cancer. I am the one. The bad news is that not a lot of woman are so lucky and make health care a reality. That show in general not rating because people are sick of actors getting on their soap boxes on award shows. Lauren we do. Trump administration sending criticism to response of devastation of crisis in puerto rico. The president tweeting this last night. Puerto rico is devastated, phone system, electric grid, many roads, gone, fema and First Responders are amazing. Governor said, great job, is donald trump doing a great job. Bring gop strategists and former strategists bret blakeman. Hes doing a great job. The governor of puerto rico is getting anything that he can possibly get to federal government. The problem is devastation is so severe the infrastructure cant support and the jones act is going to help get foreign shipments of goods into puerto rico as well as the other islands that are affected. Putting the military in charge as well, 3star general is important because nobody does logistics better and has assets better than military to support civilian and humanitarian efforts. Lauren you think waiving of the jones act will help distribute . The jones act will get them to the islands. The problems is getting the islands up to speed oh to distribute, bridges, tunnels, roads, most important electric to have generation for gas stations to operate. Lauren thats the challenge. Well, the president is visiting puerto rico on tuesday about two weeks after Hurricane Maria slammed into that country, that island. Hes getting criticism for response, length of time between the storm hit and his visit, do you think he deserves the criticism and what should he do to have the right image to show the right demeanor when hes there . First of all, ive worked for three president s and i was in charge of one president s daily schedule, president george w. Bush and i can tell you you wrestle when should the president go and when the is the appropriate time. The president if he went earlier than tuesday would be hindrance. The president has large fingerprint that he goes because of security and communications and makes a lot of sense to the president to go to the islands ready to receive them. What the president needs to do is show that the entire country has responded to puerto rico, we care what happens there. What i would like to see is the National Governors association hold an immediate conference, all the governors should get together and say how are we going to help puerto rico, how are we going to receive people temporarily and permanently because there are people who now have to be displaced for a short period of time to get island up to speed. Lauren Mainstream Media is trying to make President Trumps response the katrina that unfortunately your former boss had. Brad, thank you so much, have a beautiful weekend. Pleasure. Cheryl we have a lot more coming up. Time to get out the jacket, the scarf. Its begin to go feel like fall in the northeast and theres actually snow out west. Fox senior meteorologist janice dean has the forecast for you. Would you pay a hundred grand for a pickup truck . Ford say you will. Youre watching fbn am if youd have told me three years ago. That wed 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 youd have told me that i could afford. A gigspeed. A gigspeed network. Its like 20 times faster than what most people have. Id of said. Id of said youre 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 americas largest gigspeed network. Now more businesses in more places can afford to dream gig. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. 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. Thats how you outmaneuver. Lauren fall temperatures finally arriving in the northeast. Cheryl im not ready. Im just not ready. Lauren but its fall. Cheryl we do love fox senior meteorologist janice dean. I like the fall sweaters and National Coffee day today. If youre cold, go get coffee. I know theres a lot of deals out there. 56 in new york, 15degree drop from what it was this time yesterday. In denver, i also wao point out tropical things out there. We have maria, lee not going to be worried about those but we are watching this area of low pressure off the coast of miami that has the potential to develop a little bit, i dont think its going to be a storm, not a hurricane, maybe a depression and the bottom line will bring heavy rain over the next couple of days specially to south florida. We will watch that. Theres your satellite radar, you can see rainfall moving into south florida, also have the potential for showers, thunderstorms for parts of texas and the southwest otherwise a pretty good looking forecast, cooler across the rockies where we are seeing snow in Higher Elevations and nice refreshing 72 here in new york. Enjoy the temperature, ladies, and National Coffee day. Cheryl now im thinking about coffee and doughnuts. Janice sounds amazing, the best pairing of all time. Lauren have a great weekend. You too. Lauren another hack attack, this time affecting whole foods but not all food shoppers are at risk. We will have what you should know. Janice just spilled the beans, National Coffee day, all the places you go this weekend. Lets show you the stock market futures, i think they need coffee, dow is down just 8 points right now but its the end of the Third Quarter, we are up 8 quarters in a row. Longest winning streak in 20 years. We will be right back cheryl breaking news this morning, the president and Vice President pushing the tax plan but theres pushback from key members of own party. Hightaxed states versus the rest of the country. Lauren sure is. The president tapping a fourstar general after president deals with criticism from the Mainstream Media that hes not doing enough. Cheryl final trade forking the week, month, futures pointing to a mix open. Lauren and in europe stocks set to post their best month in a year but the Amazon Effect is even hitting retailers there. We will go live to london. Cheryl nikkei ending with biggest monthly gain in a year. Up nearly 4 . Lauren happy friday, this is really good one, also National Coffee day and we are going to tell you where you can get a pretty cup of coffee. Fbn am starts right now. Cheryl 5 31 a. M. Here in new york. Good morning, im cheryl casone. Lauren good morning, im lauren simonetti. It was National Drink Beer day yesterday, how coincidental that National Coffee day is morning after. Cheryl i dont think thats a coincidence. Lauren its smart. Cheryl busy friday. You h