A man wearing explosive device detonating a bomb inside of the citys subway system. An investigation is currently underway into the suspect. His background and his motive. How the effects of the attack are spreading across the country two weeks before christmas. Plus President Trump is looking to deliver on tax reform. New details on the president s closing arguments to overhaul our nations tax code. Well take to you the alabama where it is the final day of campaigning between republican roy moore and democrat roy jones. David less than 24 hours away. Meanwhile a recap of the markets. The dow shrugging off a attempted terror attack in the Financial Capital of the world, closing at a new high for the 66th time under President Trump. Nicole petallides, any sign at all there was a terror attack in this town . Youre absolutely right. The markets seem to be unfazed. Unfortunately these events are terrible but at the same time the markets have really become somewhat resilient because weve had so many here at home and around the globe to be more precise. That being said, any gain for the dow and s p, record closes. Youre seeing a record for the dow, a record for the s p 500. The 83rd record since the election for the Dow Jones Industrial average. Weve had three weeks of gains for the dow where we gained 970 points. Apple, set up today, moved to the upside. Up close to 2 . Best move, best gain for apple in five weeks. That gave a boost to all three major averages. The vix by the way on friday had the fourth lowest close and the vix pulled back again. I want to get to bitcoin. This is the top story, right . Started 1000 at beginning of the year. Broke through 18,000 earlier. It was up 1216. You can see it was a big mover nonetheless. Were watching it closely. This has been all the rage. We have so many stories of people believers and those that are cautious. Does seem to be a pyramid scheme. Hey. David those who are making money off it, good for them. Nicole, good stuff. Thank you very much. Appreciate it. Melissa. Melissa terrorist steps away from times square. An investigation is underway after an explosive went off in one of manhattans busiest commuter hubs at the height of rush shower. Police say the suspect who is in custody, had a pipe bomb stuck to his body when it went off. Colin mcshane is live in times square with the latest. Reporter were learning more throughout the day of that 27yearold suspect, akayed ullah who came to the United States from bangladesh seven years ago legally. He took advantage of reltis already living in the country to take advantage of what is known as a chain migration visa. This program, Chain Migration Programs as we heard Sarah Sanders say earlier in the White House Briefing room President Trump wants to eliminate. Listen no the president is certainly concerned that congress, particularly democrats failed to take action in some places where we feel we could have prevented this, specifically the president s policy has called for an end to chain migration and if that had been in place that, would have prevented this individual from coming to the United States. Reporter but of course, it was not in place, so this individual when bid campus here did so on a completely legal basis. He has lived in brooklyn for some time. Worked as a new york city cab driver for some time. This morning showed up here just behind me beneath the Port Authority terminal, entering a subway tunnel, walking alongside commuters on their way to work at 7 20 wearing this explosive device strapped to his body. The device went off. There was an explosion. Fortunately for all involved it was a relatively small explosion. Here is the mayor. Reporter the choice of new york is always for a reason. Because were beacons of the world and we actually show that society of many faiths and many background can work and we showed a democracy can work and our enemies want to undermine that. Terrorists want to undermine that. So they yearn to attack new york city. Reporter this particular attacker, attempted attack as the mayor dubbed it earlier today, melissa, certainly could have been a lot worse. Only three minor injuries. The most serious injuries were sustained by the attacker himself who sustained serious burns after that device went off. As we go into the evening commute, by looks of things it is pretty normal monday afternoon in new york city. Back to you. We all think about that every time we go down in the subway. That is what it is like to live in new york. I think about it every time what if someone had suicide vest. David you see all the backpacks. Melissa it would be so easy. David joseph jaclone retired new York City Police detective sergeant. We hear there is no credible threat. He was saying the same thing a week ago, there was no credible threat. So was our guard down, sergeant . Not so much the guard is down but month 1 2 ago with the other attack he said there was no other Credible Threats either. Apparently this will be ongoing thing well have to deal with. The intelligence apparatus has to work quickly to gather the information and see if they can do something with it. Whether the guy gave us any hints or tips to any family members we dont note just yet. But if he was just flying unthe radar and just does his own thing it is impossible to stop, david. David people are in new york are beginning to wonder the phrase no credible threat is the excuse not to do tougher stuff to prevent Something Like this . It could be but it also could be the fact theyre talking about that instance, the moment there were not any additional devices in garbage cans around the subway system, that kind of thing. That is what theyre referring to. From a larger scale of this, i think there are a lot more people out there, unfortunately like this gentleman who wish to do this they have been radicalized somewhere. David no doubt, i have no doubt of two things, that there are a lot of people out there would like to do damage and we have the largest and best police force internally in new york city, i have the complete confidence with the fine men in blue. The problem is our politicians, saying no credible attack. Governor came on, new yorkers are sophisticated, they would not let anybody go by with a bomb strapped to his waist. The fact they did. He got through with bomb strapped to his waist. Should we have checkpoints . Melissa talked about the all the backpacks in the subway . We should see all the inspections for the bags begin with the cops, entrances to subways to deter another event happening with the Holiday Season grows closer and people entering the city. I dont like politicians say were resilient, go back to work. Do your thing. This is the second time it happened in month 1 2. Something needs to be done. We need to figure out whats wrong. David i know youre with me on this, when we were looking at mosques known for cad call talk from the pulpit. Things seemed safer. We had some control or at least know what was happening in the community that might stimulate one of these weirdoes to try some terrorist attack that was stopped, i believe 2014, that the aclu came in and stop thatted stopped that i know this mayor will not start it up again but should he. The internet itself is our biggest problem i believe. How placed on the internet keep on videos out there and never seem to take them down. You know what . Maybe she should get fined for videos up there for a length of time before they figure it out. Whether social media pages or youtube or what have you. That is really basis for this radicalization as far as im concerned. David sergeant, good to see you. Thank you for joining us. Appreciate it. Take care, david. David melissa. Melissa republicans are racing against the clock to give americans the greatest holiday gift, a tax cut. David yeah. Melissa President Trump will speak to the American People on wednesday as he strives to check tax reform off his christmas list. Adam shapiro is live at the white house. And, adam, where do we stand right now . Reporter the Conference Committee is getting to work although working behind the scenes, the house and senate fixing some mistakes that were made passing house bill and senate bill on tax reform for instance. There are disincentives for high income foal to work as pointed out in article in the wall street journal as well as problems for investors who might cash in on some of their invests. That has to be worked out. When asked about that, here is what Sarah Sanders, the White House Press secretary said about fixing the bill. Our focus and our priorities are making sure we provide middle class tax relief and simplifying the code, bringing businesses back here to the u. S. Well continue pushing for that, to work with congress to make sure we get the best tax package as possible. Reporter i want to show you video of treasury secretary steve mnuchin. Remember he said all along that the tax bill would pay for itself. The treasury put out a onepage statement analysis of the bill. It pays for it sell, in fact it would create a 300 billiondollar surplus. But as critics point out the treasury statement acknowledges that is contingent, that is where they say it, we expect the other half of the revenue to come from changes, a combination of regulatory reform, infrastructure development, and welfare reform as proposed in the Administration Fiscal year 2018 budget. In other words it does not pay for itself unless congress does all those other things. Not exactly, critics point out, what the secretary of the treasury was saying. They pointed to this analysis saying that it is in fact reaffirmmation the bill does not pay for itself. Then you get Charles Schumer the minored leader in the senate, who says quote, the latest treasury analysis is nothing more than one page of fake math. When we went to school it was the new math. Back to you. [laughter]. I laugh, adam, thank you. Bring in todays panel. Liz peek from the fiscal times and Adam Lashinsky from fortune. He is also a fox contributor, fox news contributor. That makes plea laugh. We cant even agree on math. Quantitative. There is only one answer. We cant agree on that. Adam, what is odds of this getting done, us getting to some finish point . I would say not so much fake math as made of up information all together. I think adam was fairly straightforward. The treasury secretary is making a few things up and saying wouldnt that be nice . That said to the question you ask highly likely a bill will pass. Of the there are a bunch of things different between the two houses. They will horse trade and work it out because it is in their interest to make a bill to the president s desk. Melissa even when it is in their best interest to do something together, they seem, liz, to fight their way into doing something they should. I dont know that is foregone conclusion . I think that is a foregone conclusion there is tax cut bill. As far as chuck schumer, he and other democrat senators have been called out by the Washington Post and other News Organization for spreading wrong information about this tax bill. They said it is not a tax cut for middleclass americans. It is. So will it pay for it self. Honestly i dont think anybody knows. Certainly the numbers look pretty good, even assuming growth less than 2 . Most people are looking for better than that so the truth is we had to do this. Most of the cut is on the corporate side or a good portion of it. It had to happen. Melissa adam, it is kind of intellectual dishonest when we sit there to try to predict what will happen to the economy as a result and predict what income will come in. We have truly no idea. There are some external factors. Remind me when you study physics you use the weightless, frictionless pulley to solve. That doesnt actually exist. It is same sort of madeup things where there are too many variables. I dont agree to the extent that, making assumptions about what the impact will be is what making, is making policy is all about. That is the point. So critics can say, well, it is going to do this and thats bad. Proponents are in fact saying it is going to do this and thats good. So i dont think it is dishonest to try to make assumptions about what the impact will be. Melissa you can talk about direction but when they try to nail it down, it will pay for exactly this over these years with this, you know what direction were going in, and the over all effect, i think lowering corporate taxes will expand the economy and businesses will hire more and do more and quantifying that exactly is fools game. Liz, last word. Henry paulsen pointed out that the fed has been wrong in its forecasting for 34 years. They have a lot of resources. So look, i think there is some elements of this bill at that have to be straightened out. As you mentioned earlier, there are some disincentives. I think republicans tripped over themselves to try to make sure the wealthy dont get any tax breaks whatsoever, so they have some problems here which they have got to resolve. They will. Melissa we have to go. Thanks to both of you. Thanks. David one thing hurting businesses is with happened this morning in manhattan. Every time there is even, even if it is not a successful terrorist strike. That looks like a busy street. Melissa not for us. David if you know sixth avenue 4 15 p. M. New york time, this thing is logjammed most of the time. Melissa usually would like like theyre all parked. Solid. David you see the big gaps. Now of course, today is a very tough day, just to get in because of everything that is happening on the west side. If you live in new jersey, very tough to get into manhattan. A lot of people might have decided not to come in. It is monday when most of the theater district is dark. Not helpful for business here. Melissa no. David meantime new concerns over tax reform. We just heard some of them. Well be hearing about one in particular problem that republicans are causing themselves really is they continue to look for a major victory this week. Some investors are starting to sound an alarm over the senates plan. Next we have David Macintosh, president of club for growth. He is here to answer one specific charge. Melissa it is the homestretch in alabama. The contest between roy moore and doug jones is heating up just hours before voters head to the polls. The surprising results in a fox news poll. David shocked to see that result. Melissa i was too. David devastation in Southern California. A massive wildfire. It is now the fifth largest in the states history. New evacuations are underway. Well be speaking to a Small Business owner who is in the path of the flames coming up. Is this a phone . Or a little internet machine . [ phone rings ] it makes you wonder. Shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. Choose by the gig or unlimited. And ask how to get a 200 prepaid card when you buy any new samsung device with Xfinity Mobile. A new kind of network designed to save you money. Click, call or visit today. David individual investors woke up to bad news, tax news. Small provision in the senates tax plan mandates that investors sell their stocks in a way that could increase their tax bill. Wall street journal spelling out details in an article entitled, smaller investors face steeper tax bill under a senate proposal. Bring in David Macintosh for club for growth. Usually in the beltway. Glad youre here making it out of the sausagemaking capitol. This was supposed to reduce taxes not creed new one. This is small capitalgains tax increase which is against the growth effort in the whole tax bill. Its a dumb provision. The senate tucked it in hoping to get a couple billion in revenue. David it is called first in, first out. We put up full screen. What essentially it is doing, mandating you bought apple at 30, you were really lucky and bought it at 300, you have to sell the 30 tranche first because that is the part that will give the government the most tax money. Exactly right, david. It really hurts people who are buying stock all the time for their retirement. As the stock price is gone up, they will get hit with much high every taxes. Ironically the swamp exempted the institutions. David lets talk about that because some people say this is pure example of the swamp at work, the beltway swamp. Yeah. David exempted from this proposal for individual owners of stock like you and me are the mutual fund. Right. David the mutual fund themselves, clearly the mutual fund lobby got into the rulemaking process. They convinced maybe based on donations, whatever, certain senators to go along. Mutual fund are exempt for this but their individual clients are not. If you want to sell stock on your own you have to do it this way. If youre a mutual fund, no. Thats right. It is terrible for individuals. In this conference they should extend the exemption to everybody. People who buy stocks on their own. People who buy mutual fund. Then they wont be essentially doing a capitalgains tax increase. David just to add something new, could the new tax bill itself end up being at least, if not more complex than the tax bill we have now . Yes. You cant call it simplification anymore. Theyre expanding the number of brackets. They have a hidden marginal rate for highest tax payer in the house bill. What they need to do is department the corporate rate at 20 . That is tremendous. David you think they will . I do think they will. Weve signed a letter, 30 other groups signed a letter saying keep that at 30. We also told them keep the lower senate rates on individuals, so when salt is gotten rid of the pain is not that great because they have lowered the rates. Frankly, what they need to do is focus on what is going to grow the economy. It is a good bill now. It can be even better. David i dont know its a good bill but bottom line im for anything that cuts taxes. Government is gett