gains. they gain when companies get better. they gain in lots of different ways. but so many people have come up to me and said give it to the middle class. give it to people that night and want to spend it. bob kraft, owns the new england patriots. good guy. he does a great job. he was at the white house recently and gave me a super bowl ring. i was very honored. and as he's leaving the white house, he said, donald, i know you are very soon going to be doing tax reform and tax cuts. give it to the middle class, don't gift to us. give it to the middle class. that's what we are trying so hard to do. and you will see how good this is. so important. it is so important. the second plank of our tax framework is to make the tax code simple. americans waste tens of millions of hours and dollars on excruciating paperwork. and you have no idea what you are doing anyway. and compliance every single year, massive numbers of paper. under our framework the vast majority of families will be able to file their tax on a single sheet of paper that i'm so proud to be talking about. as part of the effort to make our tax system simple and fair, we'll protect thousands of family businesses by ending the crushing, horrible and unfair estate tax sometimes known as the death tax. [applause] that's a tax that has destroyed so many businesses and kept those businesses out of your family, your children, your grandchildren. it's very sad. but we are working to end the estate tax and end the death tax. in the crowd today we have calvin and his son steve. where is calvin? good-looking family. they have been a trucking business and in the trucking business since 1946. a very good year. a great year. i love that year. trucking companies want to pass their businesses on to their children. we are going to protect them so we can -- so they can run their businesses with dedication and love. and we'll make the taxes simple and fair. calvin, you want to hand that business down. but don't worry about it for 40 years. keep them around. thank you, calvin. third, we'll cut taxes on american businesses to restore our competitive evening and create more jobs and higher wages for american workers. the last major tax reform was passed more than 30 years ago in 1986 with a large bipartisan majority. it was a bipartisan bill. that would be wonderful. but sadly, the democrats have become obstructionists. they want to stop, they don't want to do anything productive. they want to raise your taxes very, very substantially. i won't talk about open borders and higher taxes. it's not a good combination to get elected. it's open borders and high taxes. but they are good at obstruction. the 198 tax bill substantially reduced our corporate tax rates to make america globally competitive. the plan worked and jobs and industry boomed. other countries saw our success and they copied our playbook. our foreign competitors adopted tax rates much lower than ours and much more competitive and all of a sudden they started taking our businesses away from us. when it comes to the business tax, we are now dead last among developed nations. our rate is the least competitive rate. we have the highest tax rate anywhere in the world. how foolish is this? our business tax rate is 60% higher than our average economic come pet year. come -- competitor. a massive tax has been placed on every product made in america. remember the expression made in the u.s.a., made in america? you don't hear that so much. but you are starting to hear it more now. which would you dike bert. made in america? [cheers and applause] made in the u.s.a. [cheers and applause] seems to be -- hi, jeffrey. the great jeffrey lorde. he was on fake news, cnn for a long time. he was one of my few sources of truth. thank you, jeffrey for being here. that's a great honor. thank you. [applause] good man. but giving so many countries a tremendous advantage over us. if you look at china and mexico, all these countries had a lower tax rate and the united states. it's time to end this unfair disadvantage and give american companies and workers the level playing field they so richly deserve, finally. because when american truckers -- and i mean these great, great people -- these are great heroes. they have -- they -- if they have a level playing field, there is nobody on earth with trucks or any other way that can beat you folks. there is nobody. i know what you go through. there is nobody that can beat you, nobody. but you finally have a government and frankly you have somebody that's given up a lot. my other life was very good. i had a very good life. [crowd yells "thank you"] >> i had a very good life. but i am having a better life now and helping a lot of people. cheesheshears.[cheers and appla] believe me, i love doing this because we are making progress between the regulations and the taxes and getting a supreme court judge not just nominated, but getting him on to the supreme court, justice gorsuch who is doing a great, great job at the supreme court and he pointing so many other great judges throughout the country it was so important so i appreciate that. but you finally have a government that is going to defend you and stand up for you and your country. america is being respected again. something happened today where a country that totally disrespected us called with some very, very important news. one of my generals came in and said i have to tell you, a year ago they would have never done that. there was a great sign of respect. you will probably be hear being it over the next few days. but this is a country that did not respect us. this is a country that respects us now. the world is starting to respect us again, believe me. [cheers and applause] under our new framework you will dramatically cut the business tax rate so american companies and workers can win against those foreign competitors who are winning in many cases because they have an unfire advantage. we'll cut the corporate tax rate from 35% and more all the way down to no more than 20% below the average of our major competitors from other countries. [applause] the biggest winners from this transformation will be everyday families from all backgrounds and paul walks of life and our great companies which will produce the jobs. they will produce jobs like you have never seen before. when companies leave our shores, it's the american workers who get hurt. when companies stay in america and move to america it's our wonderful workers who reap the rewards, including our great truckers who will have more products to deliver and more tra contract --and more contracts t. that's the way it happens. to the many american truckers who file tax as sole pro pry towards or s corporations. we'll cap your top tax rate at a maximum 25%. substantially lower than what you are paying now. but more than 30 million americans who have small businesses will see -- listen to this -- a 40% cut in their marginal tax rate. 40%. i wouldn't want to be a politician against that. they are going to have a long hard winter. this will be the lowest top marginal income tax rate for small and mid-size businesses in more than 80 years. not since 1931 have they had taxes anywhere near that level. right? this huge tax cut -- two words, huge, now rocket. rocket. you know what we are talking about, folks. don't worry about it. it will be rocket fuel for tour economy. with us today is kevin birch much jet express who has been in the truck business for more than 40 years. where is he, kevin? 40 years? you don't look that old, kevin. good job. kevin says if congress pass our tax relief and reform plan he will be able to invest in new equipment and additional training for his dock workers, drivers, and technicians. he wants to create more american jobs, and we are working to help him do exactly that. plus we are work on a tax writeoff that will be almost immediate with you're -- with your investment. that's something you have never seen before. and that's part of our plan because companies in order to compete over the next five-year period, allows our framework and within our framework that you have write off 100% of the cost of new equipment in the year you have buy it. when have you heard that one. that's going to be a big one. that's going to be big. i have had calls from great, great business people. they said, mr. president, did you really say that? i said yes, i did. i might say they do call me now mr. president. it's interesting. i have had friends for year, hey, don, house it going. now they see me they are all up tight. mr. president. i say will you please loosen up. all of these friends for 30 years and they get a little bit tight. but they are impressed with the one year ned of -- immediate -- immediately off. it means more truckers delivering those products to stores all across our country. finally our framework encourages american companies to bring back the trillions of dollars in wealth parked overseas. trillions of dollars. our current tax code actually punishes companies for keeping their headquarters in america. they are being punished. it discourages them from bringing back the profits they earned overseas. in 2016, american multi-national companies kept 71% of their foreign-earned profits overseas and away from our country. our fame work will totally reverse this and it's a very, very troubling trends. we'll be bringing back probably close to 100% of the money back into our country where it can be put to work and jobs will be created. we'll totally eliminate the penalty on returning future earnings back to the united states, and we'll impose a one-time low tax on money currently parked overseas so it can be brought back home to america where it belongs, and where it can do its job. my council of economic advisors estimate this change along with a lower tax right would likely give the typical american household a $4,000 pay raise. it could be a lot more than that, too. about a $4,000 amount of money additional for the american family to spend. that's very exciting. and you are going to spends that money. it will be put to work and jobs will be produced and we'll start make our product again. it's going to happen. by the way, not as part of our tax plan. i'm renegotiating trade deals that are so horrendous and one-side. you are probably reading in the papers we are rear negotiated nafta and various other deals with foreign countries that are so embarrassing and so more convenient douse you would say why on earth would -- anybody sign a deal like that. i will be announce my statement and what we'll do with the iran deal. speaking of badly negotiated deals. we'll be doing that very shortly. so to summarize. our plan goes from 8 tax brackets down to 4. expands the zero tax bracket greatly. expands the child tax credit. repeals the estate tax, and special interest tax breaks, cuts the corporate tax rate from much more and equal to 35% tax, and brings it all the way down to 20% and cuts tax rates for small businesses to the lowest level in more than 80 years. all of the people wore working with. all i can say is you better get it passed. it's time we get involved with rebuilding our country. no one knows america better than america's truckers. every single day from coast to coast and border to border where we'll have a wall. does anybody have a doubt? these guys don't have a doubt. in our largest cities and across the rolling plains you see the incredible beauty of our natural wonders. you see things few people see. i think you should take a major wage reduction, you have such a beautiful thing. and we see the enduring strength of the american spirit in those same truckers. what you see is incredible every day. what you see are things nobody else sees. i want to tell you, to the truckers in this room, you are going to make more money and do better than ever before. and we truly admire you. you are our heroes. over the decades you have also seen the disastrous consequences of economic surrender. our politicians surrendered. they gave up our country. you have driven past the shuttered factories, watch thriving communities become ghost towns and witnessed america's wealth get chipped away to foreign lands. noise our chance to re -- now is our chance to reclaim america's destiny. we can breathe new life into forgotten towns. we'll honor the hard-working patriotic americans who make this country run. [cheers and applause] and you can help us stock the store shelves all across the country and around the world with more products stamped with those beautiful words that we are going to say it this way, "made in the u.s.a.." we'll lift our fellow citizens from welfare to work from dependence to independence, and from poverty to prosperity. [cheers and applause] american goods will sail across the oceans, american trucks will glide along our highways, so beautiful will those highways be. smooth, beautiful, no potholes. i know. no potholes. i have many friends in the trucking business, and they tell me it's never been like this. they will buy beautiful new equipment. by the time it goes from lax to new yorto -- from los angeles tw york they have a big renovation job on their hands. they will be smooth, beautiful highways again. the american flag -- do we love our american flag? huh? [cheers and applause] i think people forgot how patriotic we are. i think people forgot how much we love our country. they have learned over the last week. haven't they? [cheers and applause] but the american flags will soar high above the roads and our cities and towns will proudly display that flag. our children will be raised in homes filled with love. communities filled with airplanes going back and forth. that's okay. but communities filled with hope and a nation filled with pride. we'll build this future together as one people and one nation under god. with your help and your voice we'll bring back our jobs, we'll bring back our wealth. for every citizen across this land we'll bring back our great american dreams. this is a great and proud state. i am so honored to be with you tonight. thank you, god bless you, and god bless the united states of america. thank you very much. thank you. [♪] charles: president trump wrapping up his tax reform pitch in middletown, pennsylvania. with me is tammy bruce and also washington times columnist president of the committee for a responsible federal budge the, and political analyst ford o'connell, also a washington examiner contributor. maya, your work is among the most of respected out there. the idea that president trump's tax policies can add further fuel to a surging economy, what are your thoughts? >> i think tax reform is one of the keys to growing the economy and the framework that has been laid out is the right framework to pursue. there is one piece that's missing, it's the harder piece to address policy-wise. but how are we going to insure this tax reform proposal does not add to the national debt. we talked about reducing rates and doubling child tax credits. we need to focus on getting rid of those tax breaks that will ahow us. charles: when you get the economy growing and generate the rave news witnessed under ronal- under ronald reagan. >> it's like eat a ton of dessert now and promise i'll start to diet later. the policies, we have to bring in some of the hard choices now. those could be on the spending side. we need to reduce spending. keep in mind the senate budget doesn't reduce spending. so we need to talk about some of those things. but the bottom line for tax reform is it will grow the economy. it will not pay for itself. that is a myth i think we would love it if it were true. but it's not. we need to make sure it doesn't add to the debt and does grow the economy. charles: we would love to agree we would love to see washington's appetite for spending curbed. but having said that, president trump was pretty clear about taking shots at congress on both sides of the aisle. regardless of what you believe with respect to revenue neutral or not. we need to add fuel to this economy which has taken off on its own. do you think washington will get that message? ford: if the president takes his message right to truckers like he did in pennsylvania, he can do that. what he has to do is overcome the message that his tax plan will only benefit the rich. what most of people don't know is one in 15 american workers are employed in the trucking industry in 29 states. he has to keep touting three things. the middle class, jobs and basically you are going to put money back into the hand of hard-working americans. charles: the speech i take was a home run. i think if i'm a member of congress watching this, i'll argue against all the points he made. tammy: when the american people see donald trump is right, we couldn't even deal with >> charles: from an execution point of view go with this whole thing but peace meal it so you can get it through and even have the public, you know demanding more. >> tammy: we have hostile not just democrats, i love the president and i think he's right but so are republicans and we've got the 2018 election coming up so let's get an element into the american people can see who has been correct and whose been lying and those are the obstructionists swamp in d.c. and then it will add into our fight for 2018 and get the team in there that can move everything else forward because this is a long term reformation for the country. >> charles: i want folks, i want everyone to hang on and we'll continue to break down president trump's tax debate and whether or not repatriation works $3 trillion would be one heck of a pump to our economy we'll be right back keep it on fox business. i can do more to lower my a1c. and i can do it with what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. it works 24/7, and you don't have to see or handle a needle. trulicity is a once-weekly injectable medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it should not be the first medicine to treat diabetes or for people with type 1 diabetes or diabetic ketoacidosis. do not take trulicity if you have a personal or family history of medullary thyroid cancer, if you have multiple endocrine neoplasia syndrome type 2, or if you're allergic to trulicity. stop trulicity and call your doctor right away if you have a lump or swelling in your neck, severe stomach pain, or symptoms like itching, rash, or trouble breathing. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. some side effects can lead to dehydration, which may worsen kidney problems. i choose once-weekly trulicity to activate my within. if you need help lowering your a1c and blood sugar, activate your within. ask your doctor about once-weekly trulicity. think has exposure to energyfund infrastructure mlps? think again. it's 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 fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp >> president trump: we are here today to discuss our vision for america's economic revival which has already started, it started on november 8. >> [applause] >> president trump: we want lower taxes, bigger paychecks and more jobs for american truckers and for american workers. >> [applause] >> charles: president trump pitching his tax reform just moments ago back with me are tammy bruce, ford o connell. let me go to you. i think it's pretty clear that something magical happened on election day. now, you know i do some economic work and of course you do. the summer of last year we started to bubble up but something magical happened with sentiment and optimism and to me it's morphing into reality and it's becoming real, tangible. this momentum that we have, how critical is it now that we get through the key components of president trump's economic agenda? i think the optimism that has driven the stock market higher and higher now needs to translate into performance from the policy promises, and what the president has laid out but i really agree with is the need to focus on agenda and agenda to grow the economy. i think tax reform is an excellent place to start on that i think we'll have to move on to the other things he's talked about regulatory reform, chang ing how we spend our tax code to more public investments like infrastructure, reducing the debt, and i do think that those together can help grow the economy. i think the numbers we've heard about are way too optimistic so let's be realistic but that's the right agenda to pursue. we do need to succeed but i do want to emphasize if you make it all sound so easy that you can just do this without paying for it and it will magically grow the economy what we will end up instead is a mountain of debt which is something that he ran against and i want to make sure we're realistic about what we do and how we pay for things so we don't end up with the debt going up by another $10 trillion. >> charles: let me bring in tammy for a moment because we didn't have one single year of 3 % gdp growth and somehow we doubled the national debt. so a lot of people out there thinking do you know what? maybe we've been putting the cart before the horse. maybe we've been spending money and doing all these things that have not worked. maybe we need to find a way to really get that explosive growth that's been missing from this country for 13 or 14 years. >> tammy: well you know what part of it is and a lot of people couldn't have imagined just since the election 5 trillion more baked into the economy. just because of the optimism, the potential that exists. what the country's starving for is optimism. that is what drives our economy and i recognize of course the technical aspects of the issue of debt but we've got to make the american people realize that they can trust at least the president, and the president's influence on congress, what congressional intentions are for the american people, that the american age is not over, that it is the american model that will prevail, that all of this can be done. it's not pie in the sky. it's certainly not easy but it's fueled by american optimism. >> charles: speaking of american model ford, the rest of the world has watched this for the last 50-100 years, they get it. president trump referred to it. they lowered their taxes, yesterday the netherlands lower ed their business rate to 21% from 25% and gave the wealthy and middle class a tax break, so we're in a competitive world and we better do something quick to address that. >> ford: you're absolutely right charles and to tammy's point the optimism is palpable but obviously if the rest of the world copied our playbook, we'll become a lot more inventive. one of the thins i'd like to see is the repatriation of 10% of trillions of dollars overseas but what i don't get is because how come we're on a residential tax system where basically income is taxed abroad and at home versus a territorial tax system where you're only taxed abroad. we are one of only two countries in the world and i promise you most people don't know where that is and why we're still doing what we've been doing the last eight years getting 1.9% growth arguing about this in congress is absolutely ridiculous. let's help put america back to work. why do we keep thinking if we run the same play book we'll have different outcome. >> charles: just became a country in fact a few years ago and before i let you go i'll point out to the audience. when this, when president bush's repatriation holiday went into effect, in 2003 unemployment rate was 6% the next year after he put this into effect it was only 5.1% it really does work. we created jobs and wealth in this country. you are all fantastic thank you very very much. in the meantime the major averages cruising again to another record high, my market commentary is coming up next. today we're going to talk about trucks. which of these truck brands do you think offers best in class hd horsepower and the most capable off-road midsize pickup? i'd go ram. i would put it on ford. let's find out. noooooooo. chevy. that's right, it's chevy. they look amazing. wow. chevy's killin it. yeah, definitely. trade up to this light duty silverado all star and get a total value of over eleven thousand two hundred dollars. or during truck month, get 0% financing for 72 months on our most popular chevy trucks. find new roads at your local chevy dealer. our recent online sales success seems a little... strange?nk na. ever since we switched to fedex ground business has been great. they're affordable and fast... maybe "too affordable and fast." what if... "people" aren't buying these books online, but "they" are buying them to protect their secrets?!?! hi bill. if that is your real name. it's william actually. hmph! affordable, fast fedex ground. >> charles: the nfl and player 's union issuing a joint statement saying there's no change in policy with respect to the american anthem and that the nfl community does respect the flag. you got this, jimmy! you know what's easy? building your website with godaddy. pick a domain name. choose a design. you can build a website in under an hour. now that's a strike! get your domain today and get a free trial of gocentral. build a better website in under an hour. i love you. >> charles: so the so-called report which measures job openings, separations, and the pace on which people from hire to quit their jobs came in slightly below consensus for the month of august but still near the all-time high that was established in july. although it's more of a rear view look at the economy most of the data released in this it's all about the trends because it's critical particularly a critical part of the decision-making at the federal reserve and while we are told that is future prominently on janet yellen's dashboard the biggest job in openings came in healthcare, social services 71,000 but goods manufacturing up 31,000 and remember this is my argument i keep talking about those dirty finger nail jobs the economy is picking up steam and we're going to see big wage increases there as well. now that said the fed minutes also came out and it's pretty clear december rate hike is more or less a done deal, but there is little consensus among these committee members on how transitory short lived if you will inflation is and in other words does it mean wages will pump sooner rather than later? the fed doesn't know, but the te a leaves, the reading is saying the fed will go under 4% unemployment which is fine and the market of course took the conventional wisdom that any sort of suggestions of conventional wisdom of a rate hike will hurt the market because it didn't today. in fact the news was taken in stride the market rallied into the close yet again the three major indices all closing at new highs for this session extending their move that's begun since the election of president trump and in fact since that election the dow today made its 65th record s & p made its 52nd record and nasdac 64th record here to discuss the market and economic gains, what we need to move the needle further jeffrey cleveland, chief economist jeffrey thanks for joining us. >> hi charles nice to see you. >> charles: so the market is moving the economy is moving. president trump is taking credit for it. what are you seeing as a major economist in this country. >> the economy looks great, charles. i think this pre-dates president trump but it's lining up. >> charles: i saw move am in late summer of last year but what we saw in november was magical particularly when it came to sentiment and now starting to see reality. there has been a seismic shift since november 8. >> here is what's remarkable in that jolts report you mentioned there are now only 1.2 unemployed workers for every job opening. that number was as high as seven unemployed workers for every job opening in the depths of the recession so we've come a long way a 15 year low for that figure. >> charles: let's talk about keeping it going president trump just delivered a major tax pitch talking to truckers who are indeed the life blood of our country and brings our food and medicines. the companies are taxed at very high rates and typically small business owners. how do we help folks like that who generate the real jobs in this country? >> i think on the margin, when you talk about job creation, you're talking about new and small businesses. they start small and they grow. they blossom, charles. >> charles: how will we do that lower the tax rates for the so-called pass through corporations can it be done? >> i think taxes that are lower that are flatter that are simpler, all of that i think helps . it's a tailwind for growth but charles i think the economy continues to grow over the next few years even if we don't get the tax reform. >> charles: is that because businesses in this country have gone back to the original dna? i always tell people after a major court decision and people argue whether or not businesses were people and i say they're organisms they want to grow, take market share and do great. are we back to our original business dna? >> i think businesses are all about people and ideas and idea generation and that was never lost. maybe it was temporarily delayed by the downturn by the financial system but we see evidence now that the economy is growing at 2.5 maybe 3% clip here in the second half and that means charles the unemployment rate ditched below 4% next year. it hasn't been that low since the 1990s and maybe one other time before that. so that's a really remarkable outlook at a great sign for the u.s. economy. >> charles: thank you very very much appreciate it. president trump on full throttle on nbc news for what he says is a bunch of more fake news, that's next. you know who likes to be in control? this guy. check it out! self-appendectomy! oh, that's really attached. that's 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. >> president trump: it was just fake news by nbc which gives a lot of fake news lately. no, i never discuss i think somebody said i want 10 times the nuclear weapons that we have right now. and it's disgusting the way the press is able to write whatever they want to write and people should look into it. the press should speak more honestly. i've seen tremendously dishonest press. it's not even a question of distortion like the question that was just asked before about 10 times the nuclear capability. i know the capability that we have believe me and it is awesome. it is massive and so when they make up stories like that that's just made up. >> charles: that's president trump slamming nbc for reporting that he wanted to increase the u.s. nuclear arsenal 10 fold and the early questioning and a tweet whether it's time to challenge that company over a broadcast and here to discuss ne d ryan american majority ceo and former buzz 43 presidential writer along with christopher bedford, the daily caller news foundation and author of the art of the donald and got a shout out from president trump as a matter of fact on that book. ned, i'll start with you pure research out with coverage of the first 60 days of the last four presidents, negative coverage for president trump, 62 %, 20% for obama 28% for bush and clinton so they were pretty easy on a former republican president. why so much animosity to the point where it's daily flow of fake news with this president trump? >> ned: well, the opposition party. i mean, steve bannon said that earlier this year that the media is really nothing but an opposition party and propaganda wing of the democrat party and charles with over 90% negative coverage so far this year on the trump administration, you start to, that's irritating enough and troubling enough but what is really starting to bother me is they're masquerading as real news as truth and rightness like moses coming down from mount sinai with the truth and no you're just somebody with an opinion with a different world view with a different value set and pushing a specific narrative and charles i want a free press. but i want an honest press. i want them to be honest about who they are. they are not journalists. >> charles: well we know the press has gone way too far and i think we pass a rubicon on that ned, but celebrities also rip ping on president trump and last night it was rapper m& m releasing a video about him, that christopher was just, you know, left a lot of people speechless. >> christopher: it doesn't seem like it's a good subject change for the democrats to go from harvey winestein, and giving them this money that turns out he's a rapist for decades to assaulting poor vulnerable women to switch to m& m, who constantly raps violent rape and homosexuals and by the way whose endorsed for president by donald trump in 2000 and here in new york city something he seems to have forgotten. m& m is not a good hero for them to go after and has gotten political. >> charles: speaking of which m & m got shoutouts from a lot of other celebrities including colin kaepernick for his performance. tonight president f t will be speaking with shawn hannity. guys we have breaking news we're short on time. i could talk to you both all night long so come back soon. >> oh, i'm sorry. >> charles: let's take a listen to the sound before we go. >> president trump: i watched colin kaepernick and i thought it was terrible and then it got bigger and bigger and started mushrooming and frankly the nfl should have suspended him for one game and he would have never done it again. >> [applause] >> president trump: they could have then suspended him for two games and suspended him if he did it a third time for the season and you would have never had a problem but i will tell you, you can not disrespect our country, our flag, our anthem. you can not do that. >> [applause] >> charles: all right, we'll be right back. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. charles: the chamber of commerce declaring it is concerned over potential impact of demands of president trump over nafta. liz peek, nafta went into ethic january 1st, 1994, that year we had a surplus with mexico last year we had a deficit. that almost telling the story. >> this is not an easy black and white issue. it is a matter of degree. trump administration is trying to renegotiate nafta, so as not to disadvantage american workers. making a requirement that content made in u.s. is a higher portion of goods sold across the border. "new york times" wrote an article, saying nafta is dead. i really don't think that the intent. i think it is to jigger it, so it is not so lopsided, everyone knows it needed to be redone, there is so much antiquated stuff in it. charles: andy, what is wrong with the idea automobile key parts 15% made. >> it is government meddling in private sector. i want to know what is an american car. toyota makes cars in the united states, it is a foreign company. charles:e we're talking about parts that find their way from canada to detroit, the assembly process. and i get what you say. unfortunately government meddled in the first place to get us in this bind, people are saying maybe government has to unwind. >> listen, trump gave a great speech about tax reform, his message of lower rates broaden base. united states has a harmonize schedule tha tariff schedule. it is to lower rates and zero them out, if we renegotiate nafta, that is what we need to do, we should not tinker here or there to help one industry or harm another that is what is going on here. charles: one industry in focus will be automobile. and will need more than just regular tinkering, people are demanding it the life styles lived in chore country -- other country, and china deficit to 350 billion. >> i think wilbur ross has done a very good job of framing this argument, putting out a piece looking at altairives -- all of the tariffs, we're disadvantaged almost every country. charles: do you think we'll keep nafta. >> i think we will, there will be push back but they will make changes. charles: thank you, here is lou. >> good evening, a number of breaking news stories. death toll risen to 21 in northern california wildfire, none of the fires has been contained. they continue to rage through wine country. the fires have destroyed 3500 homes and businesses. consumed over 160,000 acres. we'll have a full report. they are still spreading tonight. also tonight, beleaguered nfl paying a price for disrespecting our flag, insulting our anthem and values, ratings tanking for

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