Alltime highs right now. Dow is on pace for 70th record close, since president donald j. Trump was elected. Meanwhile cia director mike pompeo says north korea is just months away from developing a Nuclear Missile capable of hitting the u. S. Mainland. Former advisor to President Trump, dr. Sebastian gorka is here, with the intel on what we need to do. But first, back to our top story, Congress Passing the 2018 budget, taking the first critical step towards tax reform. Ii want to go trait to capitol hill where we find our own adam shapiro. So far so good, adam. Reporter so far so good, adam. We get the Conference Committee comes up with unified bill which both chambers have to pass. Passage, signed, sealed delivered of the 2018 budget resolution after Conference Committee, that house ways and means chairman kevin brady releases details of the legislation. Look at that possibly the week of october 30th, maybe the week after. That is kind of the deadlines were moving up against. What is more important what the details will look like paul ryan was looking on top, a fourth tax bracket, to make sure very wealthy pay share of taxes. President trumped with our batter Maria Bartiromo talked about that. That would maket a fifth bracket as opposed to a 8th bracket on the other way. I call it our competition, which is competition from the past. When he says that, we may not have, i would rather do that than do anything to hurt the middle class. Reporter talking about the historic tax efforts underway, Maria Bartiromo spoke to the president about a very key appointment he is about to announce. That will be who he wants to go on as chairman of the Federal Reserve. He met yesterday with janet yellen, the current share person but there are other people in plain. Among them jerome powell, the governor as well as john taylor. These are just some of the people president talks about with Maria Bartiromo. He makes reference to kevin warsh who has been to the white house, a past governor, he makes reference to gary cohn, but not by name this is a blockbuster interview and can only see it on fox. Trish adam, thank you. We have barrons. Com editor, jack otter, and american majority ceo ned ryun. Good to see you all. I want to get to a clip from this interview because maria asked him who might be there on the fed. I want to run that sound for you. If we got it, lets do it. Mr. President , who do you want to see runs the fed . As you know ive been seeing a number of people and most people are saying it is down to two, mr. Taylor, mr. Powell. I also met with janet yellen, who i like a lot, i really like her a lot. So i have three people that im looking at. There are a couple others. I say i will make my decision very shortly. Trish so this is interesting. John taylor we all know and he comes from the school of thought that has been extremely critical of the Federal Reserve. He would do the opposite perhaps of what janet yellen has been doing. Jerome powell is someone more in line with what janet yellen is doing, but jack otter, i mean you look at 23,304 on the Dow Jones Industrial average, you look at 3. 1 growth in gdp, record low unemployment, wages are starting to tick up, in some data weve seen. I have got to wonder, if it aint broke, why fix it . Well, lets see, so the argument, the taylor argument, there are lots but for raising Interest Rates right now, would be if growth is really 3. 1, i dont think that is the annual average. We are at 2. 5 , a lousy quarter, good quarter, i bet it settles 2 1 2. If growth is good, une employment is really low, unemployment doing well, you dont have rates at historic lows. You raise them. If youre donald trump you like cheap money. There is a bit of conflict. What were talking about tax reform that is stimulative. You lower taxes especially on mid did i and lower income people because they will spend money. What position does that put fed in . They have to hike faster, which could dampen down stimulative effect of the tax cut. That is interesting dynamic right now. Trish i dont know that donald trump would love to see that. I dont think that. He is low Interest Rates guy. In real estate. Trish adam johnson, you and i discussed at length challenges this economy faces and has faced. One of the problems last eight years, we have no Economic Policy out of washington, nothing. The fed was only game in town. Now were starting to get Economic Policy in the way of tax cuts, which will be meaningful. But, are you are you running a risk raising rates . Might john taylor be of the camp concerned about an asset public . I dont think its a public. I think we have good fundamentals underneath it all. A lot of people came in and bought. And now time for the fed to step aside. Let the private sector do what it does best which is actually put capital to work, deploy capital, build businesses, hire other americans and go about their business. And you cant do that when rates are artificially low, trish, because it creates no your again system you dont feel you have to borrow and spend money. Trish you would like to see john taylor. 100 . Powell is very soft. He will go easy on banks. Im long banks, but im happy if powell gets it. I think john taylor gets us where we need to be much sooner and faster. Trish ned ryun, what do your sources tell you . Im convinced gary cohn shouldnt even be mentioned. I think gary cohn shouldnt be in the white house. He should have resigned over his public break at charlottesville. I do not want to see gary cohn or do not want to see janet yellen. Trish dont want to see yellen even though you get dow 23k. First woman fed chief in a trump administration. Weve had enough of yellen. I like john taylor. Lets see where that goes. A little bit of change at Federal Reserve. Lets go with something new. Trish lets, make sure we cover fiscal Monetary Policy here. Let me ask you, ned, we have a budget passed. That is big deal. Market likes it. Thats right. Trish theyre hopeful this means we got tax cuts. Who are republicans we should be watching most carefully . Who might be in the way besides rand paul of any potential tax cuts . You to look at john mccain. He already made rumblings not potentially being behind some of the tax reform. You have to look at Susan Collins and Lisa Murkowski because they have been so problematic as well. My concern, trish, as you look at the congressional calendar, there are only 28 working days left on the congressional calendar through end of december. They have to get serious. They have to make sure, the budget, they reconcile with the house bill. Has to go through the house and senate again. Then you finally get to some of the tax reform issues. At that point your calendar is even shorter. Im becoming less optimistic that well get tax reform by end of this year. Might go into 2018. Which is again why youre seeing angst about what Senate Leadership looks like in the 2018 primaries. Do what you said you are going to do or get out of the way. Trish jack, are they setting themselves up for failure when they put artificially imposed deadlines they put on themselves . Say yes, tax reform will happen and happen at some point in this administration . It is insanely schedule under reagan took 11 months before actual passage. Frankly he is better manipulating legislature than donald trump is. We didnt have the fighting amongst both, within the Republican Party itself and between the two parties that we have now. So i think it is aggressive. We saw what happened with health care. I dont know that mere fact of him, putting a deadline hurts things. In fact i think it helps, right . If you want to get something done, give them a deadline, maybe if they blow it they get it done sooner. Trish that is the way the Business World works nothing wrong with putting down a deadline but incredibly aggressive. Trish especially for lawmakers. But, trish . Trish i have got to run. Your good friend, Sebastian Gorka is coming up, ned. Thank you. Thank you, adam. Thank you all. Cia director mike pompeo warning defense officials that kim jongun is on the cusp of being able to hit the u. S. With nucleararmed ballistic missile. He says, and i quote, they arent so far along in that it is now a matter of thinking about how do you stop the final step. All right. So how do we stop north korea . Joining me right now, make America Great again coalition chief strategist, dr. Sebastian gorka. Good to see you, sir. This is a tough one. What do you do . It is one of the toughest. This and iran, one are our hardest intelligence targets. Very difficult to penetrate. Mike pompeo is great american, a great director of cia so we have to take his words seriously. Trish, any threat you have to measure on two indices. Number one is capability and the second is intent. You could have the capability but have no intent to use it against us. If two come together, then we have a problem. If the reports are true, then it looks if they are on the cusp of capability of having a Nuclear Device which is deliverable to the territory of the united states, the question is, is it just sabrerattling, or is it more than that . If it is more than that, then we will have to take action to make sure that capability is not used against us. Trish so, dr. Gorka, what is action . This is a different kind of administration. This administration doesnt give its playbook away. That was the obama administration. Remember how they telegraphed months in advance, were coming to mosul. Were not coming to mosul. The enemy loves that. The enemy uses that against you. One thing we have to be comfortable with, the president will take whatever action is necessary. Look how outspoken secretary mattis has been. Secretary mattis said we will destroy your regime. If you take action against us we will destroy you. Well find out trish can i ask you a question . Yes. Trish i look at all of this right now. I realize everybody is quick to head straight towards world war iii. Dr. Gorka when we look at our options, should we look at china . China has intelligence that we need. We dont have that intelligence. They have the ability if they want to move him to the side, or to really insist he disband his Nuclear Weaponry or get moved to the side. When i think how we could influence china there is a whole host of economic things we could do. Im not talking about sanctioning north korea. I dont think that really matters ultimately. Im talking about taking it a step further, we might sanction china if they do not help in north korea. Your thoughts . You have got it. You have got it bang to rights there. The fact is, north korea is a satropy, a puppet regime of china. Real figures are 80 plus, 90 plus percent of all things exported into north korea comes from china. China could switch off the spigot, within 24 hours north korea would sing a different tune entirely. That is up to the president. As longs with very people like Peter Navarro inside the white house, as long as we have Current NationalSecurity Council asia team we are in good hands because they know what theyre talking about and they will play hardball but the president was very displeased with the consequences of maralago summit. He had high hopes. Nikki haley brought together impressive sanctions package in north korea. That mostly hurts north koreans, not the regime. Trish i agree. It is great. China and russia signed on, looks good on world stage. Right. Trish we need to take it beyond looking good on any kind of stage. We need to see results, dr. Gorka. I recommend a combination of two things. We have to play, very, very hard ball with china, behind closed doors. We have the capacity to do that. Nikki haley, the president himself, secondly we have lots of things we dont talk about on television. Covert capabilities we may already be using. The fact we need to use that full palate of covert measures against north korea specifically to undermine their capacity to hurt us but one thing the president told me in the oval office, just the two of us, before i left, he said, i have no desire to go to war over the korean peninsula. That is the last option from his mind. Trish good. People are not talking about these economic sanctions as much as they could be and should be, dr. Gorka. Im glad to hear that but finish your thought. No. But as he has made clear but he doesnt want to. This is not just up to the president. If our lives, the lives of americans or our territory or our partners and friend are threatened, this is a man who has shown leadership. So very pimple message to little ol kim, do not test this president. Trish here, here. Dr. Gorka, thank you so much. Thank you, trish. Trish the l. A. P. D. Opening a criminal inquiry into a new allegation that Harvey Weinstein rape ad raped a 23yearold model, as an oscarwinning actress comes forward to say she was harassed. How did they cover it up for so long . Why did they cover this up for so long. Gregg jarrett is in the house. He has the intel next. Alerts wouldnt you like one from the market 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. Can i kick it . Yes you can can i kick it . Yes you can can i kick it . Yes you can well im gone essential for vinyl, but maybe not for people with rheumatoid arthritis. Because there are options. Like an unjection™. Xeljanz xr. A once daily pill for adults with moderate to severe ra for whom methotrexate did not work well. Xeljanz xr can reduce pain, swelling and further joint damage, even without methotrexate. Xeljanz xr can lower your ability to fight infections, including tuberculosis. Serious, sometimes fatal infections, lymphoma and other cancers have happened. Dont start xeljanz xr if you have an infection. Tears in the stomach or intestines, low blood cell counts and higher liver tests and cholesterol levels have happened. Your doctor should perform blood tests before you start and while taking xeljanz xr, and monitor certain liver tests. Tell your doctor if you were in a region where fungal infections are common and if you have had tb, hepatitis b or c, or are prone to infections. Needles. A must for vinyl. But for you, one pill a day may provide symptom relief. Ask your doctor about xeljanz xr. An unjection™. 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. 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, trish here she is. Lets listen in. As many of you saw last night the senate adopted a budget resolution. This is another important milestone for tax form form and sets the stage for to us pass major tax cuts that will deliver more jobs and higher wages for hardworking americans all over the country. Many of you have seen today that the first lady donated the gown she wore to the inaugural ball to the Smithsonian Museum of american history. Everyone was so busy getting ready the dresss designer only had go weeks to work on the first ladys design and create the dress. It obviously came together and the first lady is very excited to take part in the rich tradition of first ladies contributing to and maintaining our great history. By the way, if you have not visited the smithsonian exhibit of first lady dresses, certainly should take time to do that. Lastly today is particularly special day for all of us here at the white house. There are a lot of people here who serve the president our country behind the scenes. One of those people, hope hicks, our incredible communications director. Tomorrow is her birthday. As you know i love a good birthday. I wanted to make sure to mention it here in the last briefing of the week. Happy birthday, hope. If you get a minute, be sure send her a note, wish her a happy birthday. Thanks for yourselfless leadership and perhaps most importantly the great sense of humor. With that happy friday. I will take your questions. Jeff . Reporter i have a question about the president did in an interview of fox business, consider having powell and taylor come to the fed together. Should we take that as signal that the other candidates are not going to get the job . Weville announcement on that as the president said. That is certainly under consideration but he hasnt ruled out a number of options and he will have announcement on that, soon in the coming days. What else is looking for as he makes this decision . As you know im not getting ahead after big announcement like that the president himself will make but well keep you posted when were ready to roll that out. Blake . Reporter on that note, janet yellen, president was extremely critical of her during the campaign, saying at one point she was too political. She should be ashamed of herself. He said she was political arm of the president and hillary clinton. Now he said some rather nice things about her. Most recently a couple times, that he respects her. What has changed in his thinking as it relates to janet yellen over the last year . Can you shed some light on their relationship . I think them having opportunity to spend some time directly communicating with one another certainly through this process but beyond that, again im not going to weigh any further into this process other than the fact the president will make announcement soon. Reporter sarah, when will the president weigh in himself on what happened to the special ops soldiers . Im not sure i follow your question there . Reporter will the president address publicly what happened and