Office. President meeting meeting with y of state Rex Tillerson and after announcing plans to put north korea on the terror list. What that means and why the white house says this is critical move. David getting back to stocks climbing today. They were driven by shares of cisco, verizon and home depot. Nicole petallides on the floor of the new york stock exchange. I want to start with Janet Yellens resignation. Happened 2 00 p. M. Eastern time. No movement in the market there was a time anything that the fed said, particularly janet yellen said over the past seven years would move the market. Seems like that power is gone completely. Very interesting that you say that. I guess the expectation she would be stepping down shortly as fed chair. We know we have a new fed chair powell in line to take over that was a little bit of unexpected news but truth of the matter is, youre absolutely right, weve been higher throughout the day. The dow finishing up 72 points. Not really reacting to fed news at this time. We had thin volume. Its a holiday week. Everybody is still very keen on tax reform. We have the big news of department of justice now looking at this deal between at t and also time warner, and the question is, now, whether or not they will be stepping in here and filing a lawsuit to block this big deal. At t is up about. 3 . Time warner sells off 1 . Very volatile. We saw at t jump up. About 25 cents. Time warner jump ad buck a. Volatile for all the media stocks. There has been a lot of talk and interest in parts of fox, twentyfirst century fox, parent of the fox business network, which fox said very clearly no comment at this time. We know there has been interest reported. You can see some other movers here. Disney sold off. Fox dropped a little bit as well. Big picture, the shortened week. Watching for any news out of washington as well. But youre right, janet yellen i guess well expect the fed to continue gradual hikes in december and in the new year. Well see. David thank you. When the business of america is stronger than the fed. Nicole, thank you very much. Melissa. Melissa yellen preparing to step down but you can go ahead and prepare yourself for more winning next year. 2018 will be another strong year for the Global Economy, that is according to an analyst at Goldman Sachs. Lets bring in todays panel. Scott martin, Kingsview Asset Management and Fox News Contributor and liz peek from the fiscal times. Thanks so both of you for joining us. Liz, they said 2017 shaping up first year of expansion where growth surprises to the upside. What do you think . High time, too. Eight years, every single year the second half came in below expectations. Finally we have sentiment and the economy moving in the right direction. By the way, not just Goldman Sachs seeing good numbers. The Industrial Production index scored a big gain in october. Leading indicators are up strongly in the last month which is good precursor for the next 12 to 18 months. All signals are green right now, including by the way, this indom minutable stock market, which gives people good feel of increased wealth. It is good for holiday spending. It isnt surprising. Melissa scott says, scott, they say, you probably agree the Global Economy will grow at 4 for next year for bunch of different reasons. Do you think it will be that robust . I do agree. I think knows numbers are in the cards, melissa. What is funny, things liz was saying, these are almost times i run in the other direction. When you look back in history the last few years the economy was supposed to be stinky, market not so good . What happened . The economy has been great and market pretty good. You have to. So i think you have to kind of take a slice of what do we want here here . Do you want really good economy and really good market yes . Does that typically happen . I take this with a grain of salt. Looks so obvious, sports fans, usually isnt. I pack a little bit of patience at the door. Melissa youre not the first person to say that that is smart. David . David growing concerns over the senate tax plan. When this comes to the floor of the senate and debate for a vote, david. Lets take a look. We have a Baseball Card who is on the fence. Ron johnson, who originally said no. He is walking back his no a little bit. Were told from sources on the hill, they expect him to become a yes. John mccain also said that he would not be stopped by the repeal of the individual mandate. Could still possibly vote for this. Bob corker, debt hawk. Lisa murkowski expressed concerns over the repeal of the individual mandate. She is going to get drilling in anwar. She is expected to be a yes. Then of course you have got sues can collins, and Susan Collins and jeff flake. Lets talk about Susan Collins. I think the reduction in the business tax rate is too steep. We could go to 22 , and then use that money, which is about 200 billion, to restore the Tax Deduction for state and local property taxes. Reporter david, the wheeling and dealing even though theyre not here right now, the wheeling and dealing is underway as they write the legislation they will debate on. Mick mulvaney over the weekend actually said that the administration would be open to giving up repeal of obamacare individual mandate if it meant passage of tax reform. Here is what he said. If we can repeal part of obamacare as part of a tax bill and have a tax bill, a good tax bill that can pass. That is great. If it becomes impediment to getting the best tax bill we can, were okay with taking it out. Reporter so david, when we talk about the wheeling, dealing underway, like a used car lot. This will be a much different bill after the senate votes on it and the house then comes into conference committee. The question i guess, if were going to use the car lot analogy, are you getting a cadillacs or pinto. David is not negotiable, but would a 22 rate kill you . It wouldnt kill me. There is legitimate issue in this bill, that it favors corporations at the expense of individuals. I think youve seen that manifest itself a lot of different ways. Actually oddly, Susan Collins was talking about the salt, the state and local Tax Deduction being what she was not in favor of because most people would i think she would be concerned about the obamacare repeal. But i think if there is a little bit of juggling here, a little more for an individual, a little bit less for the Corporate Tax rate, 22 is still a pretty good competitive rate. That would not kill me. David scott, more than the rate, a lot of people are concerned about the timing of it. The senate plan delays it for a full year. Art laffer, on this show, said that if you do that, you risk a recession, because all of these businesses will put off Business Decisions until the rate comes down. David, we have all learned the fancy things that happen within a year. Any given year in todays environment, my goodness, that could change everything. David sure. Art laffer has a good point. Something that liz said bothers me a little bit, david, if you treat businesses better in this country, because they have been treat sod poorly with last eight to 12 years, with respect to taxes and regulation that will help the individual, small businessman and woman with respect to spending and wage growth. David i dont think liz would disagree you on that . I clearly dont. Im sort of in ron john son camp, all businesses should be treated more fairly. That is what all businesses would like to see, including individuals. David finish your point. We start with repeal bringing down the tax rates, whether it is 20 or 22, liz is right, it is this and that. Reality it has to be cut. It cant be cut at end of 2018. It has to be cut in january. David it started with deregulation policies. That is why the market went up 5000 points since the election. We need something to keep this rally going. Scott, liz, thank you very much. Appreciate it. Melissa roy moore continues to fight despite more calls from republicans to step down of the at least one congressman saying there is a strong possibility a new gop candidate can win alabama, but with just three weeks to go, how likely is that scenario . David then there is al franken. Yet another woman speaking out against him. The first woman accusing him of Sexual Misconduct while he has been in office. Melissa north korea back on terror list. What that means. Why the president said this is a critical move. The president s position is this. The north korean regime must be lawful. It must end its unlawful nuclear and Ballistic Missile development and cease all support for international terrorism. [lance] monica, it is absolute chaos out here gale force winds, accumulations up to 8 inches. Dont know if you can hear me, but [monica] whats he doing . [lance] can we get a shot of this cold front, right here. Winter has arrived. Whooo hahaha [vo] progress is an unstoppable force. Brace yourself for the season of audi sales event. Audi will cover your first months lease payment on select models during the season of audi sales event. David thanksgiving week the white house not taking a full week off. Sara sanders with an eventful briefing. She had Important News and she had a visitor there, blake. Reporter news of the day was north korea. The president announcing that his full cabinet by his said he would designate the rogue nation on the state sponsor of terror. Taken off in 2008. Coming off his trip to the indopacific region, that north korea is going back on the list to open up additional sanctions. The Treasury Department will announce a quote, very large sanction as he put it. You mentioned the guest visitor, that was secretary of state Rex Tillerson who joined us in the Briefing Room a little while ago. The secretary of state conceded that the new designation for the north some ways is symbolic disignition that north korea for many months and many years has been hit with a steady stream of sanctions. Here was tillerson a while ago. I dont want to tell you that the designation will put a whole new layer of sanctions on them. We already have north korea so heavily sanctioned in some ways with the u. N. Resolutions that have been undertaken but this will close a few additional loopholes off. Reporter so as we wait for that very large sing shun from the Treasury Department tomorrow, some big news from the Federal Reserve as janet yellen earlier today, sent her letter of resignation here to President Trump at the white house. Yellen, the fed chair at least for the moment, saying she will resign from the fed board of governors once jay powell is sworn to in to take her post. Yellen said the follow, as im prepared to leave the board im gratified that the Financial System is much better than a deck cading a, much able to with stand future bouts of instability and and and continuesupporting the economic aspirations of American Families and businesses there. Were comments about what Kellyanne Conway speaking on fox news, speaking Alabama Senate race that doug jones is for higher taxes and not for the tax reform bill and suggested in a way that alabama republicans should vote for roy moore. The white house has not really gone that far just yet. Conway was pressed about whether or not the White House Position has changed and Sarah Sanders tried to clarify it a bit, at this point the position is, what happens in alabama is to up the voters of alabama. In a concerns david, Sarah Sanders walked back those comments from Kellyanne Conway. David blake, thank you very much. Melissa has more on this. Melissa here is Hadley Heath Manning independent Women Forum Senior policy analyst and brad blakeman, former senior staffer under george w. Bush. Brad, how do you read into that back and forth . I think again it is up to the voters of alabama to decide who the representation is going to be but i will tell you this, the days in washington he may be a bum but he is our bum are over. Im glad that my party is standing on principle, not accepting judge moore on a national level. It is really up to the people to make their own decision. Melissa hadley, what does that really mean . When Sarah Sanders was pressed a whole bunch of times, she said the president has said, you know, it is up to alabama. He didnt go down there to campaign and support him. If he is elected, then what . That is the question. I believe the white house is making a wise political move by not being overly involved in the race at this point, leaving it to voters. Lets face it, voters have to decide whom to believe in the world of politics all the time. That is certainly going to be the case with the race in alabama. If accusations are true, certainly judge moore doesnt belong in the u. S. Senate that will be left to the stakeholders, decisionmakers, first voters, our other elected representatives. Melissa meanwhile, brad, tim scott from South Carolina has another idea. Listen to this. The allegations are stronger than the denial and roy moore should find Something Else to do, which is my way of suggesting that he should not be in the race. So you think he should step down at this point . I certainly think there is a strong possibility with a new candidate and new republican candidate, a proven conservative, that we can win that race in alabama. Melissa brad, has that shipped sailed . That ship is long gone. The senator didnt tell us who that person would be in less than three weeks to step up and be able to be competitive. There really is nobody else, other than senator sessions who is now our attorney general to come back. Even he, i dont think would be able to pull it off. It would be herculean effort on part of sessions. Should he do it . He is not interested. I think for him to pull out would be wrong. It is up to the people of alabama to have the choice. Melissa hadley, i almost think his personal brand, roy moores personal brand is throw the bastards out. D. C. Is terrible. Im outside. Everybody hates me. Almost seems like if ire e either the president or Mitch Mcconnell stood up and said get out of the race right now that would help him at this point . Exactly right. He has a trumpian style about i am. Of course he was an outsider, that is why people supported him over more establishment Luther Strange candidate in the primary. People are fed up with what they perceive to be lack of integrity to Public Officials yet this challenge comes to his integrity as individual and person that will be conflict. Melissa brad, how ironic is that. She really summed it up. Theyre fed up with integrity in washington and theyre backing someone whose integrity is . That speaks volumes about our state for both republicans and democrats. Melissa well leave it there. Kind of depressing. David . David absent as you might have noticed from the press pool at todays White House Briefing was this guy, New York Times correspondent glenn thrush, formerly of politico. The paper suspended him following a report from vox, chronicling multiple allegations of unwanted sexual advances and kissing groping. Thrush issued an apology and blamed alcoholism for his misconduct. He will soon begin treatment, and has been sober since june when the last incident took place. I was reading some of his old columns, when the access Hollywood Tape came out about trump and everything, he was among the forefront condemning those with any bad sexual behavior. Melissa interesting. Your money paying their settlements. How lawmakers accused of sexual harrassment are protected under the law. Plus a Border Patrol agent brutalry killed in the line of duty, renewing calls for one of President Trumps Biggest Campaign promises. Next, former sheriff paul babeu sounds off on the president s demand for justice. Drugs pouring through the border. People are seeing it. You know what . Were going to build the wall and were going to stop it going to end. We lost a Border Patrol officer just yesterday and another one was brutally beaten and badly, badly hurt. Looks like he will make it, but very, very badly hurt. And, we talk about the wall. Were going to have the wall. It is part of what were doing. We need it. That is rough territory. David President Trump earlier today referring to 36yearold, rogelio martinez, he was attacked and killed while on patrol in culberson county, texas, that makes 39 customs and Border Patrol agents that died in the line of duty in the last 14 years. So what needs to be done . We have former pinal county sheriff paul babeu. Good to see you, david. David as awful as the death was, it gets even worse. It looks like he was stoned to death, literally stoned to death, agent martinez was. It was just recently that agents were getting an earful about using quote, Unreasonable Force against these illegal immigrants, stoning them. Now seems that this guy was actually sto