illustrate efforts to kill egregious regulations to help american businesses. more on what he is proposing now. republican leaders are finalizing their historic rewrite of the tax code with plans to unveil the bill tomorrow. will enough support to pass it. fox business just confirming one key republican senator is now planning to vote no on the bill as it stands. and others are on the fence. we'll see. over in the house new reports that speaker paul ryan could be retiring at midterm elections. what his team is saying now. david: get you back to the markets. dow closing in the red as we're hearing tax reform may not be difficult to pass as it stands in the senate but there is a lot of tweaking going on inside of the beltway right now. nicole petallides on the floor of the new york stock exchange. was it taxes today, nicole? >> well deaf, in part because you have marco rubio now, showing some opposition. that weighs on the market overall. you have some uncertainty there. you see caterpillar, united, also microsoft, travelers, verizon, some of our laggards today here on wall street. high hopes this would be the day that we would see the 69th record close for the dow jones industrial average. that being so important because it would tie the all-time of record closes in one single calendar year back to 199 a. we didn't do today. see if we do it by end. year, make our own sort of history. dow down 75 points. bright spots, disney, coca-cola, boeing and nike. boeing new high overall. we watched testify have pharmaceuticals. teva pharmaceuticals big generic company, cutting workforce by a quarter and giving up dividend and closing manufacturing plants. moving higher because of cost-cutting 10%. commodities moving to the upside as well. back to you. david: thanks, nicole. melissa. melissa: very busy day in washington. president trump draining the swamp by cutting regulations. congress faces obstacles going to tax reform. blake burman at the white house to break it all down for us. blake. reporter: president trump had oversized gold scissors to match earlier today, touting his literal cutting of red tape here in washington. the president earlier today sell it braked the cancellation or delay of more than 1500 planned regulations since he took office. now the administration set this goal at one point for every new regulation you had to cut two. but the president said that ratio has gone so far all the way up to 22 to 1. >> regulation is a stealth taxation so many enormous regulatory burdens imposed on our citizens with no vote, no debate an no accountability. now there is accountability. reporter: president reiterating he wants permit process down for infrastructure projects from decade plus in some cases down to two years. infrastructure is the administration's next big process or next big agenda item i should say after tax reform which hit a speed bump of its own in the form of senator marco rubio came out as it stand at this moment, he, all of a sudden is no vote because he wants to see tweaks to the child care tax credit. however president trump earlier today did not seem to concerned when asked about rubio. >> he will be there. really a great guy. very supportive. i think senator rubio will be there for sure. we're doing very well on the tax front. we have tremendous support. we have tremendous spirit. reporter: rubio shares his concerns also with senator mike lee who says he is undecided. jeff flake says he still has issues to work through. you're starting to hear those concerns come out, melissa. but also press secretary sarah sanders when we were talking about during the briefing today said they still feel that republicans are on the path to get tax reform to the president's desk by year's end. melissa: that sounds like a little retrade last minute to get one little extra thing. i don't know, we'll see, blake, thank you. david: one little extra thing? melissa: you know. david: there is that. here to react republican congresswoman christie nome from south dakota. she is a member of the house ways and means committee. great to see you. thank you for coming in. talk first about marco rubio, what do you make of him? >> marco and ivanka and i worked on the family tax credit in this tax bill quite a while now. negotiations are in a really good spot. we doubled the childhood tax credit. make sure it is going to more people in the country. i understands he wants to continue to work at it, but definitely moving in the right direction. david: this is a credit for a lot of people who pay no taxes at all. which means it's a form of welfare. government cutting a check to people, rather than people getting refund on their taxes because a lot of them don't pay taxes. is marco rubio really willing to kill the tax bill in favor of a welfare plan? >> you know i haven't had the discussion with him but what we're looking for is a tax code that doesn't penalize families. an no matter what size they are. that is the negotiations that we've had. as family has one child or three children, or if they're single or married that we're not penalizing families. we have families of all different shapes and sizes in the country today. we should recognize that in our tax code. the negotiations have gone very well. that is what our provisions do. if marco still wants to improve that i think that's honorable of him but also we need to make sure that we're putting families first in this country. we make sure we lower taxes let them keep of their hard-earned money. that is different than what we do today. i trust people back home with their money and not the federal post. david: you are not in control of senate and that is where the senator corker was quoted saying a hard no, he is now saying he is not a hard no, at least what his advisors are saying for him. do you think he could come over to vote for tax cuts? >> i think he should. this bill is very good. it lowers tax rates for individuals and lowers tax rates for small businesses on main street. it gives them tools they didn't have before, 100% expensing. it lowers tax rates on larger companies that want to come back to our country and be competitive in a recalled would market like we see today. this is going to be the largest tax cut for families and for small businesses that we've had in the history of our country. so absolutely. i don't think decisions are any harder in the senate than what we're making in the house this is big bill and everybody should be voting for it. david: let me talk about something senate did add delay in the time tax cuts kick in. that is totally out, correct? there will be no delay? >> we're not planning on delay. in the house we advocated cuts happening right away. we want to see growth, opportunity to reinvest in business, raise wages for employees. in the house bill it reflected priority of making cuts right away. i believe that is where we end up as well. david: congresswoman kristi noem thank you. melissa: scott martin, kingsview asset management. kevin kelly from benchmark investment. thanks to both of you. scott, speaker ryan said if they pass this by christmas people will see bigger paychecks by february. how can you vote no on that? >> you can't vote no, melissa, to the point the representative made on that. these dates get me weary, we heard talk about secretary mnuchin talking about having thing done by august, it will be done by thanksgiving and hoping to be done by christmas. maybe we go by valentine's day or easter? the longer this takes the worrisome more i get. when it comes to having juxtapositions, senator rubio coming out with special interests more business as usual as voters, voting members senate want have special interests heard, melissa taking too long to get something so pivotal through. melissa: kevin, what do you think? do you think they will take marco rubio an whip him back into shape? >> of course he is fighting for increase in the child tax credit. this goes back to making the tax code more complicated, more special interest. i disagree with the congresswoman. she said we need to put families first. no, we need to put americans first, everybody. we don't need to segragate, we'll take care of families, then we'll take care of this group or this group. melissa: that's a good point. >> we need this passed. i'm sorry, it has been all year. guess what republicans lose next year? seat in the house and we'll have a split bicameral legislature. thanks a lot. melissa: don't you think the election was wake-up call? you have to get this done right now? you have the most votes you are going to have, they must get it done before christmas? >> yes. what happened in virginia a month ago, melissa. to kk's point that is kevin kelly if you're playing at home. that is leading to disasterous midterm election next november. you have to get your act together if you want staying power. >> if the economy booms it won't be a bad midterm election. you're sticking around. david: they're sticking around for a good reason. media megamerger. disney agreed to buy select assets of 21st century fox, assets for $52.4 billion if stock. fox business's ashley webster in the newsroom with all the details. ashley? >> david, look, disney is making a massive bet on streaming, paying $52 billion essentially for content and distribution as it wants to take on the internet giants such as netflix and amazon. the question, what does it get? let's take a look. this is what it gets from twenty-first century fox. fox's tv, film studios, avatar, "x-men," "fantastic four," "deadpool." "national geographic," some regional sports networks. 30% interest in hulu which now gives disney 60%, majority owner of hulu. also interest in sky uk, whether full interest or 39%, it will take that. star india which gives it distribution in asia. having said that what does 21st century, what does fox keep? how about this? the fox broadcasting network, fox news channel, us, the fox business network. they get the big tenet work, for example sports one, fox sports 2, they stay as spin-off company and fox owned and operated tv stations. so, by the way, the new spin-off company, the new fox, will focus solely on live news and sports. got line, traditional tv taking back seat to streaming and. earlier rupert murdoch spoke to maria bartiromo about the disney deal. he said it makes sense as people's viewing habits change. take a listen. >> there are a lot of change coming. people watch television differently. not news or business but the entertainment they watch very differently. we're seeing that with the emergence of new companies. silicon valley spending tens and tens of billions on entertainment programing. so, it makes sense. >> mr. murdoch also going to say, look, this move gets him back to return to a company that is lean, and aggressive, that is his roots he says. that is what he looks forward to. we also understand that president trump spoke with rupert murdoch. apparently mr. trump supports the deal, hoping it will create jobs, david. back to you. david: all started with a couple of small newspapers in australia. >> yes it did. david: amazing transition. scott, what do you think? >> it is not a bad deal, david. reaction to me proves that pudding the stocks today were both up, a couple percent at that we own disney. it hasn't been the most fun stock to own really this year. this looks like it is finally move in the right direction for the company. rupert murdoch talked about it. you have to get more creative. you have to get more innovative in distribution and content creation. this deal certainly does that. >> kevin, transitions are not easy when you try to mix corporate cultures. we understand james murdoch will go over to disney to kind of help in the transition and he may stay longer. do you think he may eventually replace bob iger once he steps down? >> part of the key terms in this deal bob iger would stay through 2021. that extends him even further. he had trouble finding replacement. maybe he will get one now through this transition. i think this deal highlights the most important thing happening in the marketplace right now. that is, that the tv screen isn't the most important screen people look at. people look at phones and ipads over 27 times a day. they need to get into streaming. bob iger would love the p-e multiple netflix has of 100 going forward. the problem disney share price hasn't performed. it needs multiple expansion. this should get them there. they're domestically focused. this gets overseas if you think about sky acquisition as well as star india. this is big deal. you're talking about transition. this is a very big transition from domestic to ininternational. david: scott and kevin, great stuff. thank you, nice. i appreciate it. melissa: destablizing force in the middle east. u.n. ambassador nikki haley calling out iran for its involvement in terror and turmoil in the region. she stands in front of new evidence that proves it. what happens now? david: that was quite a press conference. melissa: it really was. david: isis threatening to carry out even more attacks on u.s. soil and new york in particular. wait until you hear what is fueling these new threats. melissa: the doj and fbi under fire over accusations of political bias inside of the special council investigation. this is a texas congressman louie gohmert grilling deputy rod rosenstein at the judiciary hearing. >> this is not just political opinions. this is disgusting, unaccountable bias. an there is no way that could not affect a person's work. cannot live without it. so if you can't live without it... why aren't you using this guy? it makes your wifi awesomely fast. no... still nope. now we're talking! it gets you wifi here, here, and here. it even lets you take a time out. no! no! yes! yes, indeed. amazing speed, coverage and control. all with an xfi gateway. find your awesome, and change the way you wifi. melissa: gossip up on capitol hill, can you imagine? house speaker paul ryan reportedly telling confidants that he will retire after the 2018 political elections. this is according to a "politico" report. they are denying the claim. spiker ryan is committed to advancing a bold agenda in 2018, that sound like oxymoron, protecting majority and any gossip to the contrary is completely baseless and without merit. we have chad pergram senior producer on capitol hill. what have you heard? >> we heard this gossip for months around here. here is the thing t will only get worse for paul ryan after they pass tax reform. he talked about getting tax reform done now for years. he was chairman of the ways and means committee. this was his life long goal. it looks like they should be able to pass this sometime next year. here is the problem, it only gets worse for paul ryan. a couple hours after that they have to pass a government funding bill. in order to keep the government open they have to put a lot of things for democrats that republican will not like. not what have you done for me lately but what have you done for this hour? 2018 he is in a swing district in a swing state. he carried by that direct only 55% when he was mitt romney's vice-presidential candidate in 2012. it favors republicans by five points. he carried it by 65% last time around. but there is a lot of barnacles here. i couple years ago i talked with trent lott, former senate majority leader. you get into leadership and start to collect these barnacles. they weight you down. if paul ryan decide to go, that could be the reason why. melissa: your crowning glory. he is always the one that wanted tax reform. he did want to tackle entitlements. i don't know if anyone can really do that let me ask you about marco rubio while i have you because you have your finger on the pull pulse of everything happening there. sy making noise on a tax bill. saying possible no. he tweeted this couple seconds ago he started, tax negotiators didn't have much trouble finding a way to lower the top tax bracket and to start the corporate tax rate cut a year early. adding at least a few hundred dollars in refundable cuts for working families who seem always to be forgotten isn't hard to do either. i don't know, this is like a retrade in the last hour. deal-makers don't like that. reporter: i talked to marco rubio just about hour 1/2 ago. melissa: ohed, good. >> he said basically accomodations was made for everybody else on this tax bill, so he is making a last minute ploy. this bill is not final. they hope to put out final text tomorrow. put it on the house or senate floors on monday or tuesday. we don't know which body will go first but there will be a conference call sometime tomorrow. the house of representatives is supposed to be in at 5:30 tomorrow. that is probably when we get text of this bill. they will have the conference call with house republicans to walk them through what the actual text is. once you close that conference committee, the meeting between house members, senate members they sign off on it, you can't go back and amend it. it is closed. a conference report can not be open. it is take it or leave it proposition. a binary choice we often heard from speaker paul ryan when he talked about health care several months ago. melissa: all right, chad, keep your ear to the ground. let us know what you have something new. david: i love it when we get smiles out of chad. melissa: he knows everybody and everything that goes on. david: he does. he gives you the 411 inside the beltway. >> no not backing down, president trump's push to roll back regulations. why he is still working very hard to continue to cut all the red tape inside the beltway. plus the doj and the fbi under fire over accusations of political bias inside of the special counsel investigation. texas congressman louie gohmert from the judiciary committee is here to sound off coming next. ♪ e when you retire? 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he stood by mueller. he said that mueller deserves credit for having gotten rid of or at least demoting peter strzok, the guy who wrote incredibly biased messages to his lover in the justice department? do you think he acquitted himself well or not? >> no, i think he wants to do the right thing but i think he is in over his head but as far as mueller getting rid of strzok after these things became public, dave, there is no way any person with eyes to see and ears to hear could not have been aware that strzok had this kind of vengeful hatred for donald trump and his supporters. i mean how vial do you have to get to say that i could smell his supporters at walmart. i mean, this guy hated trump to his core. david: congressman what is worse than that this is more than just, i hate trump, this is let me use the power of the justice department and fbi to subvert an election. >> yeah. david: let me run for those who have forgotten. >> thank you that is the key. david: a little piece of one of those messages that he sent to his friend there. there is no way trump gets elected but i'm afraid we can't take that risk. then he goes on to talk about an insurance that he has against the possibility of trump getting elected. what do you make of that? >> well, dave, you have just put your finger on the scariest part of all of the texts we've seen so far because clearly, if you can't take a chance that he could end up being president, and you're putting a plan in motion, and you're in andy's office, that has got to be andrew mccabe, and we know he is a democrat, political hack and operative up to his eyeballs, and they're formulating a plan, this sounds like the worse nightmare of people who are, who have been afraid that they are losing their country, and that people want to remove the people's choice for president. david: congressman, you're a former, you're a former judge. as a former judge, should a person at justice trying to subvert, talking to another colleague at justice, in this case his mistress, about subverting an election, using the powers of government to do that, shouldn't he be going to jail. >> that's what needs to be investigated. it is one thing to say it, and i'm not like my friend across the aisle that think if you have a thought that you dislike somebody and it is somebody they think you should not dislike you should go to jail. i think there have to be, there has to be some action that carries out that kind of intent. and that -- david: do we know, congressman -- >> no, we don't. david: whether or not he took any action? inspector general is looking at this. ig will come out a bombshell report shortly. will that contain information what insurance they took out against president trump or what he might have done to subvert the election? >> i think this a form fitted situation. now that we're seeing these texts, i talked about need for a second counsel. there is no question the inspector general can do a independent investigation as hopefully he or she is done, but if it is going to be pursued, it can't be the justice department. there has to be a special counsel that will look at these folks, andy mccabe, strzok, all these people that wanted to create an insurance policy. they have got to investigate them for potential crime. maybe it was a misdemeanor. maybe it was treason. but it needs to be investigated, because if these guys were trying to subvert the will of the american people, and the vote, then it is a high crime and it's going to carry prison with it. david: congressman louie gohmert. good stuff, thank you very much, congressman, appreciate it. >> thank you. you're obviously in tune. david: thanks, congressman. melissa: fallout over iran. new evidence revealing iran violated international law. how the u.s. is responding now. david: also congress is inching closer to making tax reform a reality but how will that impact our nation's small businesses? jamie richardson is here with his take after the break. ♪ the smart ones look to fidelity to find them. we give you research and data-visualization 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. ♪ ♪ melissa: looking out for the little guy, president trump promising big benefits for small business. >> small business optimism is at its highest point in 34 years. and we are just getting started. melissa: this as we see some of the benefits of the house and senate tax bill, could have and some pass-through businesses including a 20% reduction for the filers top rate. here is jamie richardson, white castle vice president. why is that important to your folks? >> that is important because it is the biggest good thing for small business in three decades and a generation. so important because hard-working americans will keep more of their hard-earned dollars. melissa: those are small businesses that own franchise shops, own burger shops, earn all those kind of things and employ people, people think they have huge margins and when you look at it they don't at all. >> they don't, they're more compressed as ever, as labor rates rise, more important we get a break to help the franchisees. we're all company-owned restaurants. that helps each and everyone of our general managers do a better job, take better care of our customers. melissa: i heard somebody say not too long ago, earlier today, in fact, republicans are concerned we'll not really see this boost in the economy. they will go into the 2018 and things will not be much better. that struck me as hogwash. >> i would have to agree. if you look back a year ago, we started to see the market react. i don't think the market was reacting to health care or anything else. all about the idea of a fundamental tax cut. now we'll see main street get to see the benefits of that at least. we're this close. let's hope they get across the finish line. melissa: you said during the break, it would be one thing to look at 35, 33% tax for business, but bring it down to the 20, this will see a big boost in the economy. >> this is 40% tax rate reduction and thoughtful growth oriented policies too. melissa: as we go into the economic boom, people say it will be all companies, it will not be individuals, do you buy that? >> i absolutely don't buy that. when we know hard-working americans have more dollars in their pocket they will be able to have more discretionary income, they will dine out a bit more often, hit a drive-through a little more often and ability to invest in their futures as well. melissa: when big companies see tax break, they say data shows they hold on to money, do stock buybacks, don't do what they are supposed to. is that true or do they hire more people and invest in infrastructure and capital equipment and lower prices to consumers to stimulate things? >> with the pace of change the way it is, the feed to really engage in your workforce there is no way you can't invest back in the people and back no the future. that is what we do at white castle. we'll look to do more restaurants, hopefully hire more people and make a difference in each of our neighborhoods. melissa: if you don't, if you hold on to the cash, wouldn't your competition lower price, raise wage and drive you away anyway. >> the fact of the matter we have to stay quarter ahead of competition. i know we're among friends. we don't have to worry about next month. we need to take the long view to worry about our people. >> i asked about what you brought with you, this crave case. it has to with the fact that the way people change the way they consume things. this is emblem at i can what is going through everywhere and you have to accommodate and do things. people pick up stuff, order on line what is this about? >> this is the crave caddie. ultimate fashion accessory. runaway ready. melissa: yes. >> it hold as crave case with 30 burgers. when you order online, you get one free. just another way to encourage more people to use the technology that in their hand already. use the mobile app. makes it easier for our team, because we can prepare ahead. melissa: you're trying to adam to the fact, so many restaurants, especially casual dining adapt with a app on the phone order head. moms like me, come there with my three kids, they will not sit there to wait for everything to be made, they will drive me crazy. i have to order by the phone and get it ready to go. you have to change the way things are done all the time. >> not time to be nostalgic. we have to meet customers the way they are. empowering them what is easiest for them. this is the biggest change since the drive-through. melissa: all that costs money. tough innovate. you have to hire people. you have to stay competitive with a tax break you can do more of that economy will boom. i just know it. jamie, thanks for coming in. appreciate it. crave on. david: with that case, i'm happy to tell the crew, this case is filled with sliders. you will get yours. melissa: we ate them. sorry. it is empty now. don't tell anyone. david: uncovering new allegations against harvey weinstein. actress salma hayek is coming out with her story saying the disgrace producer is quote, her monster too. how weinstein threatened to kill her. details are coming next. ♪ i can do more to lower my a1c. and i can do it with what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. it works 24/7, and you don't have to see or handle a needle. trulicity is a once-weekly injectable medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it should not be the first medicine to treat diabetes or for people with type 1 diabetes or diabetic ketoacidosis. do not take trulicity if you have a personal or family history of medullary thyroid cancer, if you have multiple endocrine neoplasia syndrome type 2, or if you're allergic to trulicity. stop trulicity and call your doctor right away if you have a lump or swelling in your neck, severe stomach pain, or symptoms like itching, rash, or trouble breathing. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. some side effects can lead to dehydration, which may worsen kidney problems. i choose once-weekly trulicity to activate my within. if you need help lowering your a1c and blood sugar, activate your within. ask your doctor about once-weekly trulicity. melissa: more trouble in hollywood. actress salma hayek making new allegations against famed producer harvey weinstein. adam housley is los angeles with that story. more names added to the list of hollywood missteps. adam? reporter: another day, another list of men being accused sexual misconduct in hollywood. this time back and forth between harvey weinstein and mexican-american actress salma hayek. in unbelievable "new york times" opinion piece yesterday the actress said not only to weinstein threaten to kill her but forced her to film a list bean sex scene for the movie freida, in 2002 after she spurned his advances. hayak started convulsing or throwing up shooting the scene. through a spokesperson he does not recall making hayak doing a sex scene against her will and he. this disturbing allegation comes as more men accused sexual misconduct. pbs will no longer distribute talk show host tavis smiley after multiple credible allegations sexual misconduct by a recent investigation into the late night host's behavior. smiley posted a lengthy statement on line and video facebook responding to allegation. >> let me assure you i have never groped inappropriately exposed myself, or coerced any colleague in the work place ever in my 30-year career. pbs launched this so-called investigation of me without ever telling me about it. reporter: noted filmmaker morgan spurlock, known for the 2004 documentary "super-size me.." said he was part of the problem. in long online statement acknowledged sexual misconduct in his past and infed dealt in a online confession entitled part, i am part of the problem. i am part of the problem. we all are but i am also part of the solution by recognizely opening admitting i have done to further this stable situation. i hope to empower the change within myself. we should all find the courage to admit we're at fault. end quote. this comes as four women accuse music mogul russell simmons of rape. in los angeles. adam housley, back to you. melissa: yikc. thanks, adam. david: the fcc votings to overturn obama-era rules on government regulation of the internet, otherwise known as net neutrality. among other changes expected from the rule change, folks that speed fuel internet to your home, they can speed up or slow down content depending how much they get from providers or whether providers have content that compete with their products. critics say this will cost consumers more and give advantage to cash-rich countries. supports of the deregulation, say getting government out of the internet will speed up innovation on the web more likely providing consumers with more choices and lower prices. melissa: you did a good job explaining that. david: well there are two sides of a very complex issue. when you say net neutrality people's eyes glass over. melissa: no doubt, no doubt. terror threat here and abroad. nikki hallly making the case that iran violated u.n. rules. isis making new threats against new york city. the decision that president trump made that prompted these new threats they say. that is coming up. david: countering the iranian threat, u.n. ambassador nikki haley laying out the case offering concrete evidence of iranian hardware found in conflicts, yemen's who are risk civil war. ambassador haley warning the global community about pushing this problem off any longer. >> everyone has focused on the nuclear deal. iran has hidden behind the nuclear deal, constantly threatening to get out of it but these are the things they're doing while we're all looking the other way. these are things that will be dangerous that will lead us to the next north korea if we don't do something to stop it. david: here is retired lieutenant-general thomas mcinerney. pretty dramatic stuff, laying out the case with hardware, iranian hardware that was found behind her that might not violate the nuclear deal per se but certainly violates certain things in the u.n. covenant and also at least the spirit of the nuclear deal they would not be so involved in creating this advanced military hardware. >> i thought it was very compelling, david. i'm glad they did it that way. they had to declassify those items themselves. they didn't dough classify necessarily the sources. so it is not that big a deal. the fact is, she did a very good job. the big fear is, will our european allies, plus the chinese and russians find it as compelling that you and i may? i don't think they will because they look at iran and that $150 billion that obama gave them as a cash cow. they're selling airbuses and all kinds of trade. david: absolutely. money talks. it is talking loudly to them right now. even people here in the united states, who sort of defend the obama iran deal hey look, they're not violating the iran deal. well that is because the iran deal was so bad. they don't have to violate it. they can still get to the point, after all, north korea became a nuclear nation with icbms because of a lot of bad deals that the united states created for them. it is the sail with iran, isn't it? >> precisely. so we're creating that same monster that kicking the can down the road and not making desighs sieve decisions. as you say, we'll have another north korea in iran. david: so what can we do to prevent it? what can we do to prevent what is happening in north korea happening in iran? >> i think we have to go to coy vert action with our allies -- covert action with our allies. we have a lot of allies fear the shia considers sent sweeping across the peninsula dreadfully. including israelis. you see what is going on with the israelis, saudis, emiratis, egypt. i think we have to go after them covertly and destablize them. david: let me ask, you know the pentagon very well. you have been inside of it many times as a three-star general. is the stomach for that inside of the pentagon? >> well there is the stomach for that. the fact is, is that the leadership, is there stomach in the national security council and the president. i believe we can do this without any fingerprints and let our allies do it. we have to do it covertly and there are ways we can do that supplying certain things but we have a lot of very strong allies. as a matter of fact, i would take iran down first, and then north korea. because iran and north korea working very closely. iran is giving them nuclear information. north korea is also trading their nuclear technology. so they are close allies. we need to break that up. david: general, meanwhile, isis is doubling down on its threat to hit new york city. the group trying to motivate muslim hatred for president trump's decision to move the u.s. embassy in israel to jerusalem. the new threats are coming of course on the heels of monday's bungled terror attack in new york's port authority. so general, what do you think. how do we take down this threat? >> we have to continue to do what we're doing. fortunately we have a very good police department. we don't have a very good mayor and some of the leadership around him still don't understand radical islam. this was driven by that ideology that we're facing. but the fact is, you have got a very good police department. you don't have good leadership as far as the civilian governance goes. so that's what they have got to be very mindful as well as our own cia and everybody else. david: general, i was here during the first world trade center attack in the mid 90s. even though there were casualties, a number of people were killed in that attack. a lot of people talked about the bungling of the terrorists involved in that attack, just like they talked about the bungling of the times square attacker. then a couple years later came 9/11. terrorists learn from their mistakes. that is the fear that i have. >> and it is a very valid fear and it is a very valid threat. and we've got to work it assiduously. we have been very fortunate for the last 16 1/2 years, david. you can't be lucky all the time. the fact it is a valid concern. david: is it inevitable that the more we hit them in their home ground, the more we destroy the caliphate, almost all gone in the mideast right now, they will get more active in terrorism here? >> it is going to spread out and they're going to try that. but let's remember, whether it al qaeda or isis or whatever it is, it is radical islam. that evil ideology that we have been facing for so long. no matter what franchise they call it, the fact that will be a continuous threat, unless we get the saudis, who are making moves, to go after ideology, and what they have done with the qataris, and that, they are starting to go after this ideology. but that is a long-term problem to defeat that ideology. david: we are making progress. general, good to see you sir. thanks very much for being here. appreciate it. >> good seeing you, david. melissa: cutting the red tape, the president's push to remove burdensome regulations threatening our economy next. ♪ no matter how the markets change... at t. rowe price... our disciplined approach remains. global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. ... i go with anoro. ♪go your own way copd tries to say, "go this way." i say, "i'll go my own way" with anoro. ♪go your own way once-daily anoro contains two medicines called bronchodilators, that work together to significantly improve lung function all day and all night. anoro is not for asthma . it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. these may worsen with anoro. call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. ask your doctor about anoro. ♪go your own way get your first prescription free at anoro.com. ...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. i just finished months of chemo. but i don't want to talk about months. i want to talk about years. treatments have gotten better, so... i'm hoping for good years ahead. that's thanks to research funded by the american cancer society. the same folks giving me free rides to treatments, insurance advice, and a place to stay during chemo. i need that stuff like you don't know. and now that you do, please give at cancer.org. >> president trump: we're here today for one single reason, to cut the red tape of regulation. this chart, i love this chart. this is the process that you had to go through to get permits for a highway. this is 1960. we're going to cut a ribbon because we're getting back below the 1960 level. >> [applause] >> carve id: originally he said we are going to cut three regulations for every one new regulation and now they've actually cut 22 regulations in 2017 for every one regulation added that's progress. >> melissa: that's helps the economy. risk & rewards starts right now. >> president trump: the political voices that opposed tax cuts grow smaller and weaker and the american people grow stronger. i heard one of our opponents stand up and say this is for the rich. they had no idea. they didn't even see the final bill. i didn't see the final bill. this is for the people of middle income, this is for companies that are going to create jobs, this is for very very special people, the great people of america. every day, hard working americans know that the future of this nation will never belong to those who say you can't. it will always belong to the american people who will say "we will."

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