Market is back up to momentum today with dow industrials set to up 13 points, nasdaq, s p up a fraction. Ftse is down a quarter of a percent. But the cac quarante in paris and dax index in germany are up. In asia markets closed mostly higher. Nikkei average in japan best performer up about 1 . Breaking news right now, new Orleans Police officer shot and killed in the line of duty. Shooting took place during routine patrol, we have the very latest developments out of new orleans earlier today. The devastation in california meanwhile spreading, the death toll from mass i have wild fires now rising to at least 31 making this the deadliest week of wild fires in the states history. Hollywood Sexual Harassment scandal expanding, head of Amazon Studios facing accusations and actress slamming at jeff bezos over twitter. Plus new questions over Harvey Weinstein, report saying that his contract essentially allowed for Sexual Harassment, the explosive details ahead. All the stories coming up this morning and joining me to talk about it dagen mcdowell, kevin kelly and the Kings College professor of business and economics brian brendberg, great to see you. Kevin we have a big day today, cpi is released today, the one thing that has really confused the Federal Reserve and so we will have to see what kind of number we get out today. Maria ppi was up four tenths of a percent. Kevin weve had a lot of the price of commodities go up because of the hurricanes so we may see a higher number than we anticipate. Maria yeah. Dagen youre a nerd. [laughter] kevin i like it. Maria hes going to be charged likely with assault. If not rape. So we will talk about Harvey Weinstein. The story is getting bigger. Kevin and worse and worse. Dagen District Attorney after investigation with the new yorker published the audiotape from some years ago. Maria for sure. We will look at that as well. Wilbur ross is with us this morning. Big interview can kentucky senator rand paul, you dont want to miss that. The ceo of double line, hes with us jeffrey joining us as well. Big show ahead. Dont miss a moment of it. Lets kick it off right now. Unraveling obamacare, President Trump making move to unwind president obamas signature legislation without congress. The president halting federal payments for costsharing reductions to Insurance Companies under the Affordable Care act. President trump tweeted this about this morning, here is what he said, democrats and obamacare is imploding massive subsidy payments has now stopped. Dems should call me to fix it. The move after President Trump signed executive order which allows people to buy insurance across the state lines. President trump explained the benefits of that order yesterday. This will create tremendous competition and transformative in so many ways, change aimed at creating more and lower prices for millions of americans, but the competition will be staggering. Insurance companies will be fighting to get every Single Person signed up. Maria brian brendberg, we are talking about more competition . We are talking about so many changes here that the president is driving and whats interesting is hes putting pressure on both democrats and republicans, democrats, look the headline here are going to be bad, these costsharing subsidy reductions are going to tank the Obamacare Exchange. So democrats are on notice and republicans are on notice, catch up, lets get on the ball and get the legislation going. Kevin we are highlighting that this is not actually debate over health care. This is a debate over a system whether it expands government, inhibits free markets, shuns individual responsibility, i mean, just by the name alone costsharing, you know, costsharing reductions, that shows how broken the system is and shows how its limiting our choices right so this is about the Economic System which will distribute goods and he mentions health care companies, and show that is this is really distorting the market so this will help free the market because the government doesnt need to subsidize plans, people can now group together, get associated health plans and become the consumer which is king and they can bid now with the Insurance Companies. Maria now, dagen, the open enrollment season is going to be starting in less than three weeks. The season to buy coverage through the exchange. Dagen this could cause more insurers to leave the Obamacare Exchange number one, but worth noting that many Insurance Companies did anticipate that the Trump Administration would remove the subsidies. So they have priced their plans for next year at higher prices in anticipation of this. There was a two and a half percent surcharge added by california on its silver plans as hedge against possibility. They havent been anticipating this. The political calculation of this is very interesting because it seems like if this speeds up the collapse of the Obamacare Exchange and speeds up some of the problems that weve seen with the Health Insurance offered through obamacare, the Trump Administration seems to be push they are trying to push it on congress as they have with daca, as they have with iran deal. Push it on congress, let Congress Deal wit. We arent the Trump Administration, we are not going own these problems. This is all on congress. It remains to be seen whether that will work politically, but economically financially, people will feel this quite frankly. Maria im wonder if rand paul has been he had his own ideology, reasons for not voting if. The Health Care Bill last time around. Seeing rand paul standing behind the president. Im wondering if the president said, look, i know you want this, im going to do this, i need your vote on taxes. Dagen could be. Kevin came out with rand paul. Rand three weeks ago said it was going to happen. Maria this is what rand paul wants and im wonder if the president is basically saying, lets do this, lets do what you want, make sure youre there when i need your vote for tax reform . Dagen absolutely. One funny thing i will point out with all due respect with senator paul, expression on his face when he was with the president and it was kind of like [laughter] dagen it was one of kevin sense of relief. Maria somebody will tweet that out. Kevin senator rand paul said anyways that he would rather see tax cuts happen and not worry about the deficit. Hes been a budget hawk and hes willing to compromise on that. Hes already said that. Maria i feel like the president will get his vote now i dont know. Im throwing it out there. Tax reform is obviously the most important now on their plates and House Republicans are moving toward on agreement to preserve part of federal deduction for state and local taxes according to cowall street journal this morning reportedly coming as way to keep the break for middle income households while repealing for highincome households. Looks like they are coming with compromise. Some people will be able to deduct. Brien tradeoff and being able to pay for it. Youre going pay for some tax cut, it will have to be with state and local Tax Deduction. Youve got congressmen from the states with very high state and local taxes. Maybe this is a tradeoff to say, look, we are not going to pay for this the way you we wanted to said in the past. We need your vote anyway because we have to get a tax cut through for Economic Growth. Dagen higherincome americans are going to get a tax increase. I think time what youre hearing, what youre seeing and basically im a little dismayed and thrown off. Maria so am i. Dagen on the republican side. Maria a portion of the people are getting tax increase. Maria, you have to look at the entirety of the package. I do agree getting Corporate Tax rate down is going to move the needle in Economic Growth and everybody benefits. I totally agree. The highestincome people will actually see a tax increase if this deduction goes away and if they come up with a fourth bracket. Dagen the reason and we have discussed this over and over again, the reason im thrown off by that because it does give in the to the leftwing liberal democratic logic of the wealthy dont deserve a tax cut. Well, but they are job creators in the country and they do help Economic Growth and they pay most of the taxes. Maria explain where the triple down economics is. Kevin here is the problem, tax code is 75,000 pages, complex, lobbyists who are going to try to protect interests including state and local deduction and if you think about it maria and property taxes. Kevin if i time travel and go back to 1981 and 1986, president reagan wasnt even able to get this done and you saw a big group of lobbyists from everywhere get together and try to defend this. Dagen Ronald Reagan used to be able to reduce interest on credit card debt. If they can get rid of that deduction, they can take a giant change saw to the tax code. Maria yeah, lots to talk about that, more on that coming up. New Orleans Police officer shot and killed on line of duty. What officers are learning from the scene and then it is earnings day for bank of america and well fargo this morning. First up before the market opens, bank of america, will it beat the street, we will bring g you live coverage coming up can i kick it . Yes you can can i kick it . Yes you can can i kick it . Yes you can well im gone can i kick it . To all the people who can quest like a tribe does. When it might be time to buy or sell . With fidelitys realtime analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Fidelity. I am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. Maria welcome back, we are following breaking news out of new orleans this morning. A Police Officer has been shot and killed. Cheryl casone with the story now, cheryl. Cheryl thats right, maria. The shooting taking place near apartment complex in new orleans few hours ago. Four officers on routine patrol when they were attacked. Well, President Trump announcing he will not certify iran is complying with 2015 nuclear deal. White house say it is u. S. Will instead focus on neutralizing the government irans quote, destabilizing influence and constraining its aggression. Fox business is going to carry the president s speech live today 12 45 p. M. Eastern time. Meanwhile two republican senators also this morning unveiling a plan to sanction iran if the regime gets close to making a Nuclear Weapon under their proposal, corker and cotton, iran will face automatic sanctions if it builds up Nuclear Program to the point of being one year of having a weapon. All right, amazon programming chief roy has been suspended in the wake of Sexual Harassment accusations from iza, producer for amazons demand of the high castle. He repeatedly propositioned her in a Company Party in 2015, she reported the incident to studio executives who brought investigators into the allegation but she was never made aware of any outcome. Allegations coming just as actress slammed bezos that studio ignored her claims that Harvey Weinstein raped her. New york city detectives are taking a fresh look in assault allegations against Harvey Weinstein. Investigators reviewing police files to see if any women reported being assaulted or harassed. Weinstein has denied any noncon sensual Sexual Conduct with any women. Tmz harvey saying weinstein contract with the company essentially allowed for continued employment should Sexual Harassment lawsuits come up and Weinstein Company publish maria what a contract, thanks, cheryl. Wild fires in california continues to claim lives. Firs would be the deadliest in california history. Tesla warning on issue with suv. Today were going to talk about trucks. Which of these truck brands do you think offers best in class hd horsepower and the most capable offroad midsize pickup . Id go ram. I would put it on ford. Lets find out. Noooooooo. Chevy. Thats right, its chevy. They look amazing. Wow. Chevys 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. Something we all think about as we head into retirement. Its why Brighthouse Financial is committed to help protect what youve earned and ensure it lasts. Introducing shield annuities, a line of products that allow you to take advantage of growth opportunities. While maintaining a level of protection in down markets. So you can head into retirement with confidence. Talk with your advisor about shield annuities from Brighthouse Financial established by metlife. Maria welcome back, bank earning season in full swing. We are waiting results from bank of america and wells fargo. As soon as we get the numbers we will get them to you. We heard from jpm and citigroup yesterday. Community banks moving into the future of finance, striking up partnerships to create cloud banking for clients, new program launched yesterday by the Community Bank connect 1 and Banking Software company encino. Joining us the connect 1 ceo as well as encino ceo, pierre. Thank you so much for joining us. Thank you, maria. Maria we are seeing more connection between Banking Services with technology. They have to drive efficiency in Customer Experience that match and what we are doing together is drive Customer Experience where youll be mobile, digital and youll get speed and convenience at lower costs. Maria how does it work . You would use to think bank in limestone building and it was the only and you went in there and deposited your money and took a loan, today you have infinite choices and for us to impact our client and really provide for compliant experience today that people want in this new digital age, we cant think about brick and mortar anymore. You to think about your cell phone, your bank is here, thats exactly right. We are a small Community Bank, connect 1 exists here in new york metro market, we dont have the technology or innovation to be able to develop the technology that is we think we need to deliver that service. Our partnership here with encino allows us to provide an extraordinary experience to our compliant. Of course, its the culture of connect one to want to be that so thats how we want to differentiate Client Experience but without the partner of encino we wont be able to do that. Kevin isnt one of them and you are in ecosystem with 30 other banks and not trying to get market share from paypal, its trying to provide the Customer Experience. We want to be relevant to our client, right. We want to develop and have the product that is they want, sometimes even before they know that they want them and, you know, thats an example of doing that. This partnership, however, is much bigger, much broader, its really about how we are going to operate the bank in the future, create efficiencies, create value for our shareholders. Dagen with the limestone bank, the biggest headache grumpy old man who denied you for a loan, now a adays, a days, you say my financial is not secured. I think thats a great point. Another reason why a partnership with a company like encino is so value. It is highly secure, we could never provide that level of security with our own resources within connect one bank even our concrete vault doesnt provide the security that you would get from a cloud if you think, its a playing field, the cloud provides to Community Bank sector thats deployed in large banks today. The other thing it gives you is the ability to decide how to deploy capital. Some banks, 7eleven in every corner, like Big Box Store or apple store, a few branches, Technology Show case and my people in technology will interact with you, okay. This Technology Gives you those choices, decide how to expand your bank to much wider fingerprint and go to vertical fashion. So this technology really expands the way banks can think about market strategy. Kevin should i think as consumer, im a connectone client, right, so i have an account there and i go to apply for a loan, am i then pushed on to the ncino platform . Seemless to you. You will just see a vastly, better, more e