Bartiromo, good morning, maria. Maria hey, there ladies, dido on veterans. Thank you so much. Good morning, everybody, thanks for being with us. Happy friday, im Maria Bartiromo, it is friday november 10th, top stories right now 6 00 a. M. On the east coast. Getting tough on trade, President Trump attending Asia Pacific Economic summit. Latest of his tour throughout the region delivering stern message saying everyone in our country will no longer be taken advantage of when it comes to trade. We can no longer tolerate these chronic trade abuses. I wish previous administrations in my country saw what was happening and did something about it. They did not, but i will. Maria busy day for the leader to have free world. Although no formal meeting is scheduled. President trump could bump into russian president Vladimir Putin who is also attending apec summit, lets get the latest from vietnam this morning. Tale of two plans, the senate releasing highly anticipated tax plan, one of the main differences the timeline to cut the Corporate Tax rate. We break down the plan coming up this morning. Market this is morning looking like, this futures indicate august lower opening for broader averages after selloff yesterday, major averages looking to look down, 21 points lower on the nasdaq. In europe this morning, take a look at indices, down across the board. Cac quarante down a third of a percent. In asia overnight, stocks were mostly lower at the close. Nikkei average worst performer there down almost 1 . It is freezing, apples new iphone 10 facing problems dealing with the cold weather. What you need to know as Technology Titan promises to fix and warm things up. Plus trouble for disney, lackluster earnings, for issues for espn causing concern for investors. New hope, though, how the Company Plans to use to get back on track. All the stories and joining know talk about it fox business dagen mcdowell, the wall street journal Editorial Page EditorJames Freeman and Kelly Company managing director kevin kelly. Happy friday, everybody. Dagen good morning. Big guests coming up. No offense james and kevin. [laughter] kevin well the guests have a lot of opinion on money and tax policies and whether they are going to get done by this year. We have been promised that its going to get done and they are backing that up too. Think think its going to happen. Dagen a lot of republicans have opinions about where we should live, how many kids we should have, how many telling us how to live. You want to reform, you get rid of all the handouts to industry, james, right . I couldnt agree more, but lets look at i think your going to get a deal. Youre going get a trillion and a half over ten years, better incentives, is it perfect, no, i wish they should forget all the details about how many kids we have and so forth. Maria are they raising are they raising some peoples taxes to pay for Corporate Tax cut . Dagen yes, they are. Maria they are raising our taxes to pay for the Corporate Tax cuts . Well, the people of new york and new jersey voted on tuesday for much higher taxes. Maria they sure did. It was not even close. They spoke overwhelming to say we want higher taxes so its a tougher argument today than it was monday but every income level is getting a tax cut. I know specially in the highnend this area, people are upset its not a better deal. Over all, even the top 1 is getting a rate overall tax cut under this plan even if you dont count the corporate side. Of course, thats where all the growth is coming from. More job creation, lot of positives here. Maria tax cut or tax increase, okay, we will talk about that. [laughter] maria thats all coming up this morning. We are talking tough on trade, President Trump delivering a defiant message to leaders gathered at an asiapacific summit in vietnam this morning say the u. S. Will no longer tolerate chronic trade abuses, watch. We are not going let the United States be taken advantage of anymore. I will make bilateral trade agreements with any indopacific nation that wants to be our partner and will abide by principals of fair and reciprocal trade. What we will no longer do is enter into large agreements that tie our hands, surrender our sovereignty and make meaningful enforcement practically impossible. Maria also attending the summit russian president Vladimir Putin, the white house now say that is the two leaders will not have a formal sitdown meeting. During the summit they acknowledged a less scripted encounter is still possible. To weigh in former ohio executive leader now executive at the American University school of Public Affair capri, adviser to scott walker and mitt romney ed. Capri good to see you. Ed, good to see you, thanks for joining us. What do you make of what youre hearing from the president in asia this morning . Its interesting when you listen to the words that he utilized. He talked about i will engage in any bilateral agreement, so you put this in the context, what hes really talking about is United States, you know, withdrawal from Transpacific Partnership. So i think that its really necessary when you take a look from the perspective of where i come from, im from ohio, ohio voted by 11 points for now President Trump, you know, just a year ago yesterday. One of the reasons why was because of tough talk on trade. So i know that theres, you know, concern about the dance that President Trump was doing with President Trump xi of china yesterday but really what he said, look, you know, the previous leaders of leaders fault, but we are step get away from the larger multilateral trade agreements like tpp, promise that is Middle America really pud their faith on President Trump about. Maria ed, what about that . 250 billiondollar deals that the president has announced already between chinese and u. S. Businesses, theres that as well while hes talking about pulling out of things like tpp which is one of the things that drive it is left nuts, they wanted the u. S. In there. I think what youre seeing the president do is take a position of where the American Public is. Not only free traders but they believe in free trade and the more he can emphasize the second half of that that the deals are fair and right for, we are not being overcome by bad deals, i think he will do extremely well with the position hes taking. Its certainly where the American Public has been for quite some time now. Ed, James Freeman with the wall street journal, im wondering if you have looked at the at the sort of situation this week where hes talking about his great chemistry with xi and then he goes to vietnam and he wants to talk tough about trade, should we be worried about the signals hes sending to friends in the region when hes seeming to have such a wonderful relationship with a dictator who runs china . I think you make too big a deal of that quite frankly. I think hes giving a consistent message. But i think hes sending a very clear message. It may look contradictory country to country but hes been consistent with the message. Go ahead. Kevin capri, i was going to say you started off the segment how last year a lot of the people in ohio were voting for donald trump solely based on the trade and getting fair trade and not being taken advantage of but also this the republicans and donald trump promised tax reform, health care reform, how far what is it like down in ohio right now with whats happened this year so far and what hasnt happened including tax reform . , look, ohioans and americans are really frustrated with the fact that, you know, inside the beltway is where i sate this sit this second, i was in ohio for ten days. People at home are really frustrated with the lack of the ability for democrats and republicans alike to govern, you know, in washington. Particularly those that put their faith in republicans in the last election because they are saying, you have control of executive branch and legislative branch and none of it is happening. A general frustration on two fronts. Number one, people assuming republicans were going to do more and that hasnt happened and two, frustration amongst most of the American Public, myself included that there is an unwillingness for democrats and republicans to Work Together thats more about, you know, red shirts versus blue shirts and not about solutions for america and people are fed up. Thats being reflected in the polls where both democrats and republicans and their, you know, Favorability Ratings and recent polls are both in the 30s, we need to do better. Maria lets talk about the two tax plans because the Senate Released framework for the tax overhaul unlike the tax version, the senates proposal calls for keeping 7 brackets in place and lowering individuals. They would have gotten to 37 , Still Holding that out there. Preserve the popular Home MortgageInterest Deduction and house version calls for cutting Corporate Tax rate down to 35 but its not going to take effect until 2019. Treasury secretary Steven Mnuchin told me yesterday if businesses have to wait a year, it wont curve intention to invest. Watch this. As soon as we get 20 rate, the better it is for the economy but the house and senate have having to look at how we pay for all of this including a major focus of the president , his middle income tax cuts. Right away is better than a year, but a year is better than a longer face. Maria what does the panel think about the senate plan, kevin, dagen, james. Thats trouble specially for political future. If the republicans want to hold the house and they want to prevent the impeachment of longterm, longterm, you want to get dagen i think the market sold off on the fact that the senate plan is different enough, it doesnt look like its going to get done by the end of the year, itll get kick intoed next year, oneyear delay wouldnt mean as much. Also really quickly, 100 expensing for businesses in the senate plan would be immediate, the wall street journal editorial page points that out. Its very valuable, though, against higher taxes, so that would help offset a oneyear delay in the Corporate Tax cut. So i think that the Market Reaction maria big deal. Remember not all businesses are capital intensive, so you want that rate kevin they promised that repeatedly. Maria i asked about that. We have a sound bite from Steven Mnuchin because i asked him about carried interest. Ed, final word from you, your key on tax plans . Both plans are looking strongly at Small Business tax cuts, that is as important as never made much sense to corporations, big business gets a cut and Small Business does not. Most of our economy is driven quite frankly by Small Business, thats where the jobs are going to go, thats where the wages are going to increase and that needs to be kept in that total package. Maria we will leave it there, good to see you both, thank you so much. We will take a break, disney the story markets this morning, releasing details of much anticipated streaming service on heels of huge news of star wars franchise, investors are looking for good news after the company came short of estimates last night. Back in a minute ntages. The smart ones look to fidelity to find them. We give you research and datavisualization tools to help identify potential opportunities. So, you can do it this way. Or get everything you need to help capture investment ideas and make smarter trading decisions with fidelity for just 4. 95 per online u. S. Equity trade. Fidelity. Open an account today. Open an account today. This holiday season, families near you need your help. Visit redcross. Org now. I am the proud father of aeness very strong little girl named adelaide who was diagnosed with infantile spasms an incurable and debilitating form of epilepsy. Its been a devastating journey that has robbed my baby girl of normal development. Thats why i have launched the my shot at epilepsy campaign and im asking you to join me. Take your shot at the hamilton pose, donate to help us find a cure, and lastly, share it on social media. This is our shot to take. Learn more at myshotatepilepsy. Org maria welcome back, the department of Homeland Security issuing a new warning about armed drones. Cheryl the department of Homeland Security warning about threat op weapon newsed drones, chemical tax and the continued targeting of commercial airliners, they say that terrorists are becoming more interested in attacks by using unmanned drones here in the United States and other western countries. President trump making these remarks earlier in vietnam. As i have said many times before, all civil sized people must come together to drive outer risks and extremists from our societies, stripping them of funding, territory and ideological support. We must stop radical islamic terrorism. Cheryl well, another headline this morning, Alabama Senate candidate Roy Moore Says forces are evil are behind recent allegations that he had sexual contact with a 14yearold girl. Judge moore lashing out on twitter against the liberal media, Washington Post reported the story after the woman came forward. Alleged encounter happened in 1979 when moore was 32 years old. The white house weighing in, if the allegations are true, then moore should resign. Well hurricaneravaged puerto rico was struck with major power outage sending san juan in the dark, transmission line failure that left thousands more without electricity. The falling line replaced. We are waiting on jc penny to report earnings before the market opens. They have slashed 2017 profit and sales forecast. Company saying it had to give huge discount to get rid of excess inventory. The stock is down 720 so far this year, maria. Those are your headlines. Maria the hunt is on for two of three inmate who is escaped from a tennessee prison. Officials have captured one of the men who broke out of prison wall. We have the details next. Stay with us volatile markets. 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. Imagine no possessions i wonder if you can no need for greed or hunger a brotherhood of man imagine all the people sharing all the world. You, you may say im a dreamer but im not the only one i hope some day youll join us and the world will live as one maria welcome back, the wallet Disney Company releasing earnings. Many investors calling the numbers less than magical. Lauren simonetti with all the details. Lauren double missed unfortunately for disney. Revenue fell 3 . You know, they thought declining results in three of four Main Business segments, so the standout would be the theme parks, right . Lets talk about the streaming service that is coming in 2019 first, where a lot of analysts and disney is quite bullish. What they will do is air tv series based on some of their hits, star wars, high school musical, Morgan Stanley actually saying that this service could see 30 million subscribers in the next decade. Obviously that pails in comparison to netflix but great competition for netflix. Espn is a major problem for disney. Sports Program Costs are rising for them as more companies are cutting cable cords so this is a problem, thats why they have a new Digital Offering that they are announcing called espn plus and debut in the spring, digitally you can get sports highlights, a lot of people like that. More reports of more layoffs at espn reportedly 100, that should target Sports Center and a couple of words on star wars, the trilogy expire in 2019, they are expanding it and when you expand it you get more followers, more toys and games and rides that are linked to the franchise. As for the theme parks, we saudis any world closed for two days, so rare for them to do in orlando after irma in september and they did take a hit, 100 milliondollar cost but still the theme parks socials the bright spot. Kevin a whoa null a whole new trilogy. [laughter] i was watching the earnings and the stock went down significantly when they released number. But when the minute bob iger got on the call, he turned investors and showed that he was going to be aggressive, he was talking about espn plus, thats been a big, big question for investors, they want to know how are you going to stimthe losses at espn and he came out and hit it on the