Transcripts For FBC Mornings With Maria Bartiromo 20171215 :

cheryl: i'm glad that you at the top of report brought the issue of money flows. i know it was last week that european investors were flooding money into u.s. markets, we are looking at potentially dow 25,000 at this point. it's incredible to see the confidence around the world in u.s. markets even if there's not political confidence and what's happening in the united states, is that a fair assessment? >> i think there's confidence in world stocks so people are confident in the u.s. but kind of everywhere with the treasury yield so low, stocks good -- look good in comparison. lauren: thank you for your perspective. we really appreciate it. have a good weekend. cheryl: that's it for us, thank you for watching fbn:am on ugly sweater day, national ugly sweat er day. maria: thanks for joining us, tgif, it is friday december 15th, top stories right now 6:00 a.m. on the east coast. the race to finish the tax reform. senator marco rubio says he's a no in the 11th hour. pushes for last-minute changes to the bill, he'll not alone, the latest as law lawmakers prepare to unveil plan today. president trump with efforts to roll back regulation. >> regulation is a stealth taxation. by ending excessive regulation we are defending democracy and draining the swamp. let's cut the red tape. let's set free our dreams and, yes, let's make america great again and one of the latest we are going to do that is by getting rid of a lot of unnecessary regulation. maria: deregulatory environment driving markets to new highs, taking handcuffs off of corporate america, my take on the trump boom coming up this morning. stocks looking to rebound, futures indicating the markets carry on with momentum, dow industrials up another 40 points, s&p 500 and nasdaq also in positive territory. european indices look like this, cac quarante is down a third a percent as dax index. in asia markets closed mostly lower, korean kospi the only one to squeeze out a gain. tragedy in california to report, a firefighter killed while battling the raging wild fires, powerful winds posing a new threat this morning. he leaves behind his pregnant wife and a young daughter. ups more than a day late and dollar short, loses inheritance check of nearly a million dollars, you will not believe what it offered as an apology. and then the force is strong for the last jedi, family theaters now poised to set box office records, all the stories coming up and joining me to talk about all about it fox business dagen mcdowell, benchmark partner kevin kelly and editorial board member mary. dagen: nothing like opening the wall street journal and looking in the op-ed, section which is the first section that i read and who has an op-ned the journal today? maria bartiromo. there you go. dow 24,000. maria: i was so honored to be op-ed. >> first of many, maria bartiromo. maria: thank you so much. you guys heard my rant over and over again that's in the op-ed, that's the regulatory environment is so important in terms of rolling back the regulations in terms of moving the need until economic growth. so it's really how we got to dow 24,000. >> now we need tax reform to move it higher. hoping we are going to get that before christmas. maria: we talk about marco rubio this morning. dagen: i'm going to -- >> little marco. dagen: i'm not going call the man names but i'm appalled by the maneuver. i'm appalled and we can get into it in the next segment. maria: $650 billion is already being spent on the family tax credit, he wants more on the family credit and we are going to talk about that this morning. we have a lot, former microsoft ceo usa fax founder, philadelphia federal reserve charles is here, ceo of overstock.com patrick, plus dr. mike and house ways means committee member south dakota congresswoman kristi noem is with us. let's kick it off with that, senator marco rubio threatening to vote against tax plan, he's a no unless the child tax credit is expanded. president trump suspects the florida senator will come around after all, watch. >> i would outline the need to increase refundable child tax credit unless they can figure a way to add to 1100 figure, i won't support the bill. >> i think we would be there. he's a great guy and supportive. i think that senator rubbery will be there and we are doing very well on the tax front. maria: with narrow 52-48, republicans can only afford to lose three members to pass a tax bill along party lines we have been talking about this all year, here we are in the 11th hour, these guys think they've got a deal that they are going to bring to the president's desk next week and here you have marco rubio, dagen. dagen: fox learned that the text to the final version of the tax bill is now closed. the conferencees will be signing report tomorrow, once they sign it, no more changes that can be made to it, everything is locked in, when asked about the child tax credit, fox was told the bill moved in marco rubio's direction, so what marco rubio wanted -- by the way, this was proposed in an omit to the bill before the whole senate voted on it by marco rubio and mike lee and that attempt failed, failed 29-71. they had hats handed to them, they sneak this in at last minute. so the child tax credit is $2,000 per child and $1,100 of it is refundable. marco rubio wants to increase the amount that's refundable. refundable means taxpayers get money back even if they don't pay income taxes. so he wants -- maria: that's called welfare. i think the last time i checked it was called welfare. dagen: we have to wait to see what's in the final bill that would be voted on by the house and senate. he wanted refundable against the payroll tax not against income taxes but the payroll tax. let me remind people, the payroll tax goes to fund and benefit for the individual, goes to pay for your social security and your medicare, so when you're asking somebody else to fund that for you, that is welfare. >> it is welfare, look, let's be honest, this bill is a corporate tax cut with a mess of an individual side attached to it but it's still better than what we have right now. to take the rates 35 to 21 to improve incentives with the state and local tax deduction which is going to make states rethink the high tax rates and if you get rid of individual mandate and gives people choice, these are all very good things, so the idea that marco rubio would grand stand like this on a measure that you're right is welfare but also reduces the growth potential of this bill and takes the opportunity away to cut taxes for everybody else because you couldn't use that money to cut the marginal tax rates, get more growth, get more prosperity. dagen: this does nothing. the child tax credit does nothing to juice broad economic growth and help create jobs in the country. maria: winners and losers. dagen: marco rubio to be clear, the tax credit is two grand, double the current amount in the senate bill, he wants to increase the amount that's refundable above $1,100 and change the income level so more low-income families qualify for the whole credit. one thing that they could do and we haven't seen what this final mess is is that lower right now households making $500,000, they could lower that amount which has been one of your issues. maria: i wrote this in op-ed this morning, this morning in wall street journal, dow 24,000 and the trump boom and i'm taking a look back at the economic progress of the first year of the trump administration. we pull up one quote because -- after reaching dow 24,000 where markets and economy can go here, i'm not going to make predictions, the economy is better off when federal policy does not discourage people that have demonstrated ability to earn, work and invest. blocking the so-called conventional wisdom. here is what i predicted on election night of 2016. >> this ultimately will be a huge buying opportunity because when you look at both candidates economic plans, on the trump he wants to lower back regulation, regulation that is been the one barrier for small business and large business by the way in terms of growth. economic growth is the priority, that's what this country needs right now. that's what would be positive for the markets and ultimately people will view this major selloff tomorrow as a huge buying opportunity because of his policies. he's really focused on rolling back the regulations, that's going to be hugely positive. i think it's going to lead to economic growth, that will help the stock market. we see decline in the market today i am buying with both hands, i'm just saying. buying markets with both hands is what investors have been doing ever since. the reason i mentioned that one graph about let's make sure to not forget the people who have demonstrated the ability to work, invest and spend is because what's happening on the individual side, we are talking about tax credit that marco rubio is pushing for and when you look at those people who are working, who are losing all of their deductions and i'm for it, don't get me wrong, but there's such unwillingness to cut taxes for high end, the people who spend, the people who invest, i don't know, the jury is out if that's going to work, mary. >> look, i think that's important to understand why marco rubio is doing this. there's a movement within the conservative sphere called the reform con movement. republicans cannot run on conservative policies and win. we have to adopt democratic policies like welfare and give people money just like democrats do and marco rubio was captured by the guys, american enterprise institute ald elsewhere, okay, we have to give handout ifs we are going to get tax reform done. dagen: just to avoid you catching tsunami online, when you are asking somebody to fund a benefit for you, whether it's help fund your payroll taxes, give you more money that you never paid to the system because you choose to have children that's welfare. kevin: this has been the least volatile year in stock market because rules and regulations are being backtrack and everybody on election night was saying it's going to be armageddon, corporations opened up pocketbook and started spending, hiring, look at the job's numbers. he's doing a tremendous job. 75,000 pages that hampers investment. 25% of the world's economy and you hit the nail of the head with the op-ed. maria: let's show the shot of the president, i thought it was hilarious. i was so happy that they were running the op-id today right after this. it was so funny. that's what we are talking about. that's what we are dealing with today and as i've said many times, this the equivlance of 80 king bible. kevin: do you think small businesses can compete in markets like that? no. dagen: we have to point out what retail sales did yesterday, online sales brick and mortar stores even restaurants up 8 tenths of a percent. 5.8% growth from a year earlier. that's the fastest pace since 2011. maria: that's good. >> so much for secular stagnation and the new normal of 2% growth, guess what, two quarters of 3% growth. maria: look, this economy has responded and it's not in place yet. it's an anticipation. >> get out of the way, marco. maria: if marco rubio stops tax reform from happening, i don't know what he's expecting the reaction. dagen: they will give into him. >> hopefully political career to be over. maria: i would expect so. the massive wild fires in california claiming the life of a firefighters this as crews work hard to battle the flames and release from regulation, that's what the end of net neutrality is being called this morning, what does it mean for internet use at home and business. we have the details right here back in a minute. [vo] progress is an unstoppable force. the season of audi sales event is here. audi will cover your first month's lease payment on select models during the season of audi sales event. maria: welcome back, firefighter has died battling the massive thomas wild fire in southern california, cheryl casone with those details now, cheryl. cheryl: maria, 32-year-old corey iverson based in san diego, leaves behind a wife and 2-year-old daughter, a second daughter for the couple due this spring. officials have not released the circumstances of his death. iverson was one of the thousands of firefighters batting the fire which has become the fourth largest in california history. iverson's death second one linked to the fire. well, two st. louis police officers lucky to be alive after being shot while they were trying to subdue a suspect. police have been looking for the man. try today questioned him after a report of shots fire. officials say the officers ultimately attempted to take him into custody and he got into a big fight and at some point the suspect took out the gun and shot the officers, luckily they were wearing bullet proof vest, the suspect has been hospitalized with a gunshot wound. well, japan has frozen the assets of 19 more companies tied to north korea stepping up pressure on kim jong un to halt his nuclear weapon with the move japan is now frozen the assets of more than 100 companies and different organizations, tokyo asking the north to return japanese citizens abducted in 1970's and 80's. meanwhile president trump dialed up russian president vladimir putin, the president also thanked putin for acknowledging the strong economy in annual press conference which was held yesterday, maria. those are your hadlines. maria: all right, cheryl, thank you so much. the weapons made in iran, that's how nikki haley describes the weapons launched from saudi arabia to yemen. what she is saying about iran now. plus star wars the last jedi has ranked in $45 million in screening in wee hours of the morning, but would it be the predecessor? coming up. they appear out of nowhere. my secret visitors. appearing next to me in plain sight. hallucinations and delusions. these are the unknown parts of living with parkinson's disease. what stories they tell. but for my ears only. what plots they unfold. but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. and these can worsen over time, making things even more challenging. but there are advances that have led to treatment options that can help. if someone you love has parkinson's and is experiencing hallucinations or delusions, talk to your parkinson's specialist. because there's more to parkinson's. my visitors should be the ones i want to see. learn more at moretoparkinsons.com maria: all right, welcome back, now this the trump administration taking more measures to roll back regulation. lauren simonetti with all the details now. lauren: you wrote the op-ed in the wall street journal and i was going to quote you, 96,000 pages, 96,000 pages for president obama, that's all the new and the proposed rules and regulations. well, that is not acceptable and that's basically what president trump said yesterday. he's literally cutting the red tape. >> let's cut the red tape. let's set free our dreams and, yes, let's make america great again and one of the ways we are going to do that is by getting rid of a lot of unnecessary regulation. lauren: they have done that. back in january he said that executive order for every new rule proposed they would get rid of two regulations, guess what, they beat the goal, 22 times as many regulations have been removed this year from the books as were added. there you go. he literally with the golden scissors cut the red tape behind him. all of this bring us to the issue of net neutrality repealing obama rules. net neutrality according to fcc constrains the internet, internet investment and innovation and they say no more basically putting the power in the hands of cable companies and the internet service providers so a win for verizon, at&t, comcast, for instance, they can charge if they want customers for money. this is the response that we are getting from netflix, netflix says this isn't only about netf. there's a whole future of start-ups that deserve that chance and this is amazon's response. we have met with the fcc ahead of today's vote to continue our push for strong net neutrality rules, ensuring our customers can enjoy an open internet remains top priority for amazon. this is becoming an issue for democrats going into 2018, listen. >> young people know what this means. this is about democracy on the internet. >> we bring this issue into the 2018 congressional races across this country. make people be accountable. lauren: protests yesterday. people were mad about this. but we were just talking, mary. >> they don't understand the issue. fantastic move. the internet flourished because it was free and unregulated. obama regulated and wanted to tell the companies, doesn't matter how much room you take, you have to charge the companies the same. netflix loves it. consumer will get more choices, lower prices, fantastic move. dagen: net neutrality rule has hurt investment and the wall street journal points this very thing out. there's price discrimination and paid prioritization that exists. netflix charges higher prices to subscribers to screen content on multiple devices, has that made the internet less free? maria: incredible. kevin: netflix took 40% to have bandwidth. the cost of verizon. lauren: as long as there's competition for consumers, maybe prices aren't going to go up as much as people fear if they go up at all. >> maybe increase investment. dagen: increase investment. >> people hear price discrimination, discrimination is bad, you know what, i don't pay $10 for 100 bottle of wine, i discriminate because there's a difference in quality. companies do it to and it's how markets work. dagen: this was a power grab by a government agency. so if the democrats think that this is just magic for every american, then step up and pass something in congress. maria: by the way, a lot of power grabs. a list of all the regulations and executive orders that president trump rolled back and every once in a while i will throw out another one. the stream buffer rule, would have saddled minds one necessary regulations putting up to 64 of americans putting coal off limits, the bureau of land management venting and flaring rules that was rule 36, anyway. we have the list here whether he recollects go through the list throughout the show. lauren: she's fired up. maria: lauren, thank you. great analysis. by the way, incredible week here in mornings with maria. here are a couple of top moments of the program in case you missed it. >> disney and 21st century fox making it official. why now? >> people are watching television differently. not news or business but they watch very differently. it makes sense, the entertainment side. a company that can go direct to consumer in a big way. >> the most significant strike back, disney like avatar, xmen and home alone can be viable competitors. >> we are going to have the votes in the house and senate before the end of the week to keep christmas open. it'll be another staff get measure, take us into january and that'll be where the real battle takes place in terms of what's going to happen on the spending side. maria: when does the debt become a priority for you, sir? >> the debt is a priority for me right now. economy has taken off and i think it's going to take off like a rocket once he signs this legislation and i think we can grow our way out of this problem. >> president trump has been with us every step of the way and saying we need tax relief for middle-class families and we are going to do that. we will deliver -- president trump is going to deliver on yet another promise and he's delivered on many. >> bottom line, every income bracket will receive tax relief, significant tax relief specially target today low and middle-income families. maria: bannon must go and go now. >> to me looks like a drunken off the street. i'm not trying to be sarcastic. maria: right. >> racial division, i think it's backfired in alabama. maria: crypto currency started trading futures last night. >> first futures contract in the world. dollar being backed by the u.s. government, a lot of people would cynically say that's injecting counterparty risks as long as network of people continue to believe in it the same way believe in the united states as a country or gold as a commodity, bitcoin will have value. >> my teenage son three years told me i should buy bitcoin, i should have listened to him. maria: i should have. >> that's the sure sign that the bubble is reaching its final phase. the outside, the new comers pile in and they are the ones that are going to get stung. maria: what was the toughest thing that you faced trying to get people to understand what you were doing and to get your mop out? >> exactly, what do you do, if i said inventor when i was in young mom, they would have put neglect the corner at the cocktail party. i think the biggest challenge as everybody has is getting started. maria: new product shaking over the dollar shave market and aimed just for women. >> we thought, this is a great sort of opportunity to really come in, raise awareness and we we wanted to come in, give women a really premium experience and at a very affordable price. maria: brooklyn base, exclusive deal to create new ice cream flavors based on the movie. >> i was 7 when star wars came out and this has been the thrilled of my adult life. >> what you're looking at here, maria, the next ben and jerry's. maria: the next toy toys that are out of this world. what are you saying there? [laughter] maria: he wants to get on camera, this maria: thanks for joining us, it is friday, december 15th, just 10 days before christmas. donald trump promises a giant tax-cut for christmas but can congress deliver? marco rubio says he is a no vote unless last-minute changes are made to the tax bill. gop leaders say they will get it done. >> this is a real relief. in addition to the course this relief gives people a simpler system and a ferret tax code, that is what this accomplishes. >> it is going to take good faith on both sides to do it. like anything else we have got to get it resolved and get the bill passed. maria: the impact of tax reform on your wallet. >> a rally at the start of trading. take a look at european action, mixed market once again on the heels of the ecb meeting yesterday. the s&p is up, cac quarante down coming in asia, markets closed mostly lower, worst performer was china and hong kong. concrete proof us ambassador to the united nations nikki haley says there is hard evidence that iran has broken the missile agreement. struggling fears looks to jumpstart. and a major deal with amazon coming up this morning as the stock up. what can brown do? lose nearly a million dollar check. we talk about the massive ups mistake and something response. and and lawmakers, and one of the richest men, microsoft's steve palmer about his new project called usa tax. >> a comprehensive database, to hold government accountable by the numbers. what we are trying to do is show by data what happened to story, and >> let's go through the slides because you do a real specific detailed job in terms of telling us who pays what and who gets impacted. >> let me give you a framework that might be helpful. the least affluent 20%, the third 20, the fourth, the people on the bottom 40% pay taxes but the bulk of what they pays payroll taxes. from an income tax perspective they are getting more credit today so they are not a net payer of income tax unaffected by this tax plan. people who are in the middle 20 or middle 20 or one up are getting tax breaks, something from a rate perspective, 6 to 10%, in the most affluent, a 3% or 4% rate reduction. it is a middle-class tax break but also has a tax break perspective for the most affluent people, who had changg standards of living. and $60,000 a year. as of the last eight for which the government data was available, why it is so slow to do its reporting. and 30 to 60,000 in 2015, came out. that is $850 per year average income tax. a break is a few hundred dollars in the middle, to the top 1%, income tax over $400, and a much bigger amount of money even if it is a smaller rate reduction. will middle-class families be better off? yes. appreciably, and not so much. >> looking at new york and california, illinois, connecticut, new jersey, a lot of people use that deduction, that taxes will go up. >> the rest of the country is subsidizing states that have high state and local taxes. i am not going to argue with her that is good or bad but it biases where people live and how they flow and in a sense, a lot in this tax plan eliminates what i would call incentives for behavior locked in the tax plan. sometimes complex tax plans, the simplification takes away those things. maria: they will have to take entitlements. i know on that debt down, growth is the priority. >> it is great for growth to be a priority and certainly i would expect looking at data from the past, that we should expect to see rapid increase by businesses in the long-term. capital and r&d should fuel growth. on the other hand, as a big proponent my wife and i are in a philanthropic activity to make sure we have a chance at the american dream for even the least affluent kids in america. i would hate to see any support for those kids go out with the bathwater in terms of budget cuts. people can look at entitlements, but we should keep things that are essential for the chance for opportunity for kids because they couldn't control where they were born or who their parents were. maria: you have capital gains taxes paid versus the s&p 500, make that connection. >> the important thing to say is since the time of the last corporate tax change, the biggest dangers if you will have been people who own stocks. wages and salaries have gone up but capital gains have risen much faster than wages and salaries. the benefits have accrued to people who own stocks and with the corporate tax cut being proposed here it is not about the corporations but their shareholders and there will be a return to people who own shares, that tends to be the more affluent people in our society. we see at already, the market seems to have pinned up on anticipation of this corporate tax change which makes equities more valuable. we hope that flows through to wages and earners but pretty sure we can expect to see positive returns to people who are fortunate enough on shares. maria: when you look at the corporate plan coming down to 20%, the pass-through rate getting a big reduction, and companies have more on hand to invest and grow profits. >> i hope shareholders do well but if trade-off shareholders do well and that is having a bigger deficit, as a shareholder myself, i am not generalizeable but dangerous to think that is a simple trade-off. maria: my thanks to steve palmer. check out usafax for more info on the tax plan. pandora uping its demand game, you can listen to any music you want without a subscription fee. we have it for you this morning. you can get closer to taylor swift than you ever imagined in your wildest dreams with her new apps, back in a minute right here. ♪ when i am down ♪ maria: futures point to a rally at the start of trading, down to thrills up, nasdaq and s&p and positive territory. a couple names we are watching, sears announcing plans to sell it diehard battery brand on amazon, products from the line like jumpstarted available now with call batteries early next year. sears began selling its kenmore brand earlier this year. watching shares of pandora, the music streaming site making a move in its bid to take on spotify. in during 15 seconds of ads as part of the future, shares of pandora down 60%. the us unveiling evidence that iran has been sending missiles to who the rebels in yemen. cheryl: us ambassador nikki haley unveiling parts of missiles launched at saudi arabia in yemen. there markings show they originate in iran. >> iran has hidden behind the nuclear deal constantly threatening to get out of it. these are the things they are doing while we were looking the other way. these are the things that will lead us to the next north korea if we don't do something to stop it. maria: ambassador haley saying washington will rally other nations for iran's behavior. ups coming under fire after losing a man's inheritance check in the mail, worth $150,000. when he complained about it ups sent a $30 check and an apology letter. td bank withdrew the money for the bank draft, refusing to issue a refund so stay tuned. taylor swift wants to get closer to her fans, she released a new apps, fans can communicate with each other and exclusive pictures, video, news and a lot from taylor herself, she is no stranger to social media, million twitter followers and 105 million instagram followers. maria: we are going to take a break. the force is finally here, the last jedi opens today, rocketing to box office history, we promise no spoilers. >> never went to let it go. ♪ nvestors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. i am totally blind. and non-24 can throw my days and nights out of sync, keeping me from the things i love to do. talk to your doctor, and call 844-214-2424. >> what do you see? >> darkness. and something else. maria: the force is strong with adequate from star wars:the last jedi, the space opera seeing a box office success, preview expectations. senior vice president of marketing, happy friday. is it going to be -- the eighth installment of this franchise? >> it was a huge box office, destined to be one of the top grocers of 2017. the fourth awakens came out two years ago, there were ten years since the last star wars, $250 million at the box office posting $1 billion overall, this won't do that. definitely a recordbreaker at the box office. supposed to see it's, the christmas party, and at 10:00. maria: i will wait until the theaters are not crowded. >> reviews are fantastic, a lot of people saying it is the best one since the empire strikes back. maria: ferdinand, standing in the way of star wars. >> it is about the 80-year-old story based on the book ferdinand. the boo-hoo was built to fight but born to love as the saying goes. there is something for everyone. maria: what about clint eastwood? and actual heroes in the movie, 15 to 17 to paris. michael, tell us about the film. >> after every movie he is about to retire and settle down, such a great niche for himself with movies based on heroism, every day americans do extraordinary things, had american sniper, this looks to be in that vein. he is a master at these stories. maria: switching gears to media, parts of 21st century fox, what do you think? what does this mean for our favorite movie characters? >> the biggest media story of 2017, it is a big win for fans because finally the avengers will be reunited with x men. biggest franchises in movie history between the x men, planet of the apes, star wars and the rest of them. maria: comcast doesn't walk away on its own, they said we would go with disney because you have the simpsons, the india business, the europe business, huge collection -- >> says a lot about how much care these assets to make sure they go to the right hands and the right caretaker, one of the greatest brands in hollywood history. maria: yesterday when rupert murdoch joined us, major bob eiger stayed until 2021. the oversight of bob eiger in 2021 with speculation of james as well. >> passing on, great storytellers in this business. maria: we are going to be here. >> the new fox. have a great weekend, still have new scrutiny into the anti-trump texts by fbi agents, the latest next hour on "mornings with maria". ♪ outside inside-out ♪ living la vida loca ♪ .. .. welcome back a good friday good friday morning everyone. happy friday it is friday december 15. your top stories right now 7:30 a.m. on the east coast. senator marco rubio said he is a no on this plan just days before lawmakers are supposed to vote on this final bill he makes the announcement on the day he supposed to post it. president trump visits the agency amid the controversy over text messages and edits. senator ron johnson is backing up the senator's argument. it was not meant to uncover the truth with the prosecution. it was really meant to cover up the truth. ready to letter in that letter in the earlier draft he was using the term's negligence and never of time. the fallout coming up. take a look this right here this is the height of the day. with the s&p and the nasdaq also at the highs this morning. nick's performance is a little different. it is deadline day. and enrollments our ramping up. a wedding one letting -- one lucky couple getting married before last night's colts game. right now foxbusiness network. the benchmark managing partner. great to see. a lot to talk about. where do you even start. let's start with marco rubio. it seems like he got at least some of what he wanted and that's making more of the tax credit which has been doubled in the senate bill $22,000. also expedient how much of its refundable based on income level. it comes down to you have a lot of senators who are still a question marks. made as is it maybe they just gave in. how does he do it in the day he is supposed to supposed to post the plan. he comes out and he says he wants more. all about politics it has absolutely nothing to do with improving the tax plan. is a great tax bill. the individual's side is a mess. when the $500 billion to put through these child tax credits. i want that money. he and mike lee had an amendment to do just that. more of the tax credit refundable. and it got defeated 29-71. it was defeated but then they come back at the last minute. in 2018 it's the house that is all up for reelection. you're messing up something that was so important. it's in the best interest and not the american people and that's a problem with washington dc right now. we need a tax cut for all people. he is joining us this morning. the south dakota congresswoman. president trump is set to deliver remarks today. it comes as the bureau is under heavy heat and fire as is how it handled the investigation. they reveal that that fbi director james comey exoneration statement was watered down. watch what he said back in july. although we did not find clear evidence that secretary clinton or her colleagues intended to violate these laws. there is evidence that they were extremely careless. but fox news has confirmed that peter storck a top agent in the investigation now known for his anti- trump text messages was actually the one that changed that. several key edits are now raising questions over the fbi's actions and the impact on the 2016 election. i think it's a propaganda campaign coming from the white house. i don't think that there's any question that they are pushing the idea that they are to be questioned but they want to undercut the authority. if you look at the stuff that has been released so far. it is meaningless in terms of the law. they head in fact somehow damaged national security with regard to what the foreign government hacked her server. no evidence that anybody actually hacked it. it's all part of the effort to say have some questions. don't think it all about my campaigns connection to russia. is not just the anti- trump text. he is basically texting his mistress say this guy's gotta go. maybe you need to stay there to save us from this. the order not a criminal investigation. it was given out to hillary clinton and all of her associates. you're going to get it on a saturday. and sat under oath. they lied to the fbi for these very people not prosecuted and yet michael flynn gets strung up and doing exactly the same thing. you had evidence. it's not just the fact that they have political opinions it's a fact that we know text messages saying they were going to act on it. you are all commentators. you have strong opinions it doesn't mean i doubt your integrity. i go to church with fbi agents do does it matter if they go on to an investigation like this. this is a story that's coming out. it was trumped up by a campaign and given to the fbi. it was taken to the court. it was sponsored by a republican group that was looking at it. then you have the clinton camp come in. it is not the fact that the opposition research was put together it was the fact that still did not brief in the fbi on it. you have this. they took it to the court. it has the justification. have long started before this darcy -- dossier. not only is the fbi corrupt but that the fisa court is also corrupt. they have undermined america. you imply that i think somebody's religious background it means that they can't make it fbi agent. we had proof that these people hated donald trump you know how many americans think that president trump is off the handle. thank god we have this. you're saying the personal devices did not impact the justice. as an assumption that somehow because you're a businessman. now i'm supposed to assume you don't have compassion. i'm surprised you're taking it this way. he has should have never continued with the trump administration. he admitted it. it is doing a great job of undermining its integrity by itself. they keep showing us that they are every day. they do is so so much for our country as the deputy attorney general appointed and said just this week. do you think the e-mail investigation was fair. it's done. i would take the opposite view that when he interviewed ten days before the election and have a terrible impact on her chances. they were all reviewed. the zero ever came of it. what information did he have. the washington riposte has reported that he was acting on false information. they also found more e-mails that she didn't produce. you guys are so lost on this one. what happened the other day when it was a mistake. when brian ross at a longer port you saw that market response. it is even responding to what were seen with going on with the tax plan as a terrible tax plan rejected by most of americans. i'm sure bill clinton and loretta lynch talked about grandkids on the tarmac. merry christmas. thank you so much. a new threat to from ices to tell you about. first new york now dc. millions of americans had signed up. the impact on health insurance sector straightahead. isis is threatening america again this christmas season the same in our nation's capital. the latest propaganda calls for attacks on washington dc's the message of the poster said wait for us we meet at christmas in new york soon. the latest in the series of online threats. to emerge in the last few weeks. prosecutors say the woman you 16 credit cards that were fraudulently obtained. she was also allegedly able to obtain a loan for $202,000 back in june. terror also a concern on the nation's rails. they are cutting back on some security procedures ahead of the busy holiday season. is that require -- requiring idaho. they are being reduced as part of cost-cutting efforts. with president trump into first lady malign you. wearing an elegant bat -- black gown. it was taken in the cross all of the white house. wishing everybody a merry christmas. coming up outgoing federal reserve. we are taking a look at what she leaves behind and what they said it could look like. and then talk about a pregame show. the wedding in the end zone before the colts game on thursday night football. it's pretty cool. we will tell you about it. 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jury is still out. they have really been engaged in markets since the crisis in heavyweight. the fed has been to interventionists. they remained avidly involved in buying assets and trading in the market. and they need to get out of that business. when we see the fed balance sheet and look to get unwind as can that's can be a problem because when the fed starts telling that. it will create a market discussion. they want to do it in a predictable way. i would like to see them do it a little faster. the consequences of all of the excess reserves. it leads to unconventional outcomes. would like for them to be shrinking the balance sheet a little faster than they are. when i talk to people about how great things feel and they do feel good. they just raised for the third time this week. were seen a better backdrop. recoveries are usually seven to eight years. and were in our ninth year. i think it's a mistake to think about recoveries. i think that's not the right way to think about it. we had been lucky and nothing bad has happened. it has been a good recovery. has been a little slower than historical but i think things seem to be picking up. you've talked about it. no were stuck in low growth. there's a chance that's not true. the question is having the right policies that ensure that we don't get stuck in that low productivity growth. 90 of some now you have some analysts out there predicting 4% global growth. what are you worried about right now. and worried about trade. i think we need world trade. i'm a little nervous about where that's going. trade it worries me a little bit the efforts to roll back regulations and restore the market. it's a little too early to pass judgment on at this point. what is your thought in terms of how that impacts the senates thinking. executed fiscal stimulus. i think the fed and their projections this week gave a little nod to an uptick in growth. i think it remains to be seen whether it will be a successful as we would like it to be. they will want to over react. maybe not as aggressively as some people might be. their policies need to reflect that as they move forward. that is the jewel of the plan. there is an unwillingness to lower rates too much. do you believe it when you cut corporate rates that that has an impact on broad economic growth. qualify net getting in the way of preventing it to play out in a way that we would like to see it. unfortunately the personal side is kind of a mess. i think it's unfortunate but i think the pay payoff will ultimately be from the corporate side give me an outlook for 2018. what does the new year look like to you under a new leadership. it second had much impact on next year's growth. it will play out. i think next year is looking to be a good year. i think there is a foundation there for next year that's looking pretty good. the former president of the philadelphia federal reserve. and then called 911 how about an uber. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. welcome back good friday morning everyone. it is friday december 15. christmas crunch time. they are already spending more than expected. you are actually in luck. several major online retailers are offering free shipping today. will talk with the ceo coming up in just a moment. we are expecting another rally at the start of trading today. they are now expected to be up 80 points at the open. the sound a third of a%. in asia overnight markets closed mostly lower. millions of americans are signing up for 2018 coverage ahead of enrollment deadline. the sign-ups are likely to fall short of last year's total. a new study reveals ambulance usage is falling in the united states. ride ridesharing services like uber are getting the call. i head of the game it was love that took center field. by the state of indiana and internet blue can come -- blue proclaims that you are now husband and wife. what a surprise on the field. steph curry. rolling out new features for all-star game voting offense. the countdown to christmas is on. just ten days left to get that perfect christmas present. major retailers are offering free shipping today. patrick, good to see you. what are you seen seeing in terms of spending. it's doing well. people are definitely continue the shift on shopping. it has been a little soft for the whole industry after black friday and right up until this week but now he will surge back this week. it was much better than expected. let's not under estimate this. if you look at it year over year they were up 5.8 percent from a year early. we actually root for this economy. not that spending is an indication of how somebody feels about their everyday life but we want the country doing well. the economy is already growing at the rate faster. we were told for eight years to accept 1% of the new and normal. when the market is selling off down. they are down 700 points on election night. i would be buying this market right here right now. rolling back regulation. that has impact you and your company. there was a dead foot on the economy holding it down let's regulate it. and take your hand off of it. and i even know if overstock.com is even an online retailer anymore. the announcement yesterday about the letter of intent. there is a lot going on. it's not because of online retailing. are you a technology company our financial company. we are a technology company to which 40 million unique people will come to our site this month. it's getting awfully competitive. they lose that. hundred $60 million. we are up against these guys a move into the industry and just lose hundreds of millions of dollars. it makes it top. we are pivoting we are bringing financial products. we are expanding within furniture and home goods. if we go back to earlier this year your arch nemesis became one of your best. this is in the financial community. he meets with you and he buys the stock around 30. it has nothing to do with online retailing. and even going at the short sale and stuff like that. where do you see the future of this company going. and is a retailing it retailing can have anything to do with it. and you have headlines again indicating that we think that the retail business is pound for pound. everyone else loses money. at the end of the day. some of them are brooke -- and brick and mortar stores. for them it's a one check solution. we are pursuing this. there are couple of large agent funds. the are coming around america looking for a pony to write it to take on amazon. and we've shown what we can do. the third option is going private. they are working with us for the alternatives. it's revolutionizing the financial industry. bit coin. it is actually just announced this week that they are working with vanguard. this is a financial revolution. what percentage of your transactions are there right now. it's still quite trivial. the main event is not that. we do have a some of the most fundamental advancements in that field. we just announced this week. he has the cure for global poverty. i want to focus on that. we are thinking in five years how does block chain work. think of it like a magic ledger. there is thousands of copies of it around the world. when you write in it it instantly appears everywhere else. it's permanent. transparent. if you have a magic ledger like that you could re-create all kinds of processes like how wall street works. you can use this ledger to create a form of money. bit coin will survive but it's not optimized enough to support the financial industry this initiative. at top companies. does it mean anything for overstock.com. we will always try to find at least one qualified female candidate to consider. we try to do that anyway. were all about female empowerment. we had four presidents to have been female. it might be hard. you really had to work to find that qualified female candidate. someone who has been successful at a job. it takes a while to move up the ladder. you get affirmative action not by giving someone presidential treatment but recruiting harder. we are looking for talented women out there and executives. because of this pledge. she's only there because of affirmative action. in all of the achievements of the other woman they get questions. when you practice affirmative action. that is a danger of affirmative action. people understand. thank you. when you're clocking out. sensing your every move and automatically adjusting to help you stay effortlessly comfortable. i can even help with a silent night. does your bed do that? i don't actually talk but i can tell you how you slept. i'm the new sleep number 360 smart bed. let's meet at a sleep number store. welcome back. some are extending the sign-up. they are signing up through the affordable care act. some even into january. more americans use uber and set up ambulance of ambulances when they have to go to the hospital. they use rates of more than 750 before and after debuts. the ambulance costs likely the main reason between -- besides why people change their mind. post announcing that ship the white and that her in that are border serial are going to hit the grocery store shelves. and then there's this. a children's nativity place. after the sheet steel the baby jesus. that's so cute. i think this is so cute. as you can see out from the manger. this happened at a church in tennessee. the to start wrestling. eventually the adults have a jump in and stop the whole situation. to try to take control in order everybody around. thank you cheryl. the broncos bounced the colts. it might've been the biggest highlight of the night. one couple's unique nfl's wedding. your insurance company won't replace the full value of your totaled new car. the guy says, "you picked the wrong insurance plan." no, i picked the wrong insurance company. with new car replacement™, we'll replace the full value of your car plus depreciation. liberty mutual insurance. whcold sore.et you? grab lunch? cold sore. when a cold sore takes over, campho phenique's topical anesthetic plus anti-microbial action soothes pain fast. what's for dinner? meat loaf. campho-phenique on, cold sore pain gone. the last there's a football game of the season. the colts versus the broncos not much horse in either team this season. they are without a horse in this year's playoff race. trevor samina did cimino did not last long last night. he suffered -- suffered a shoulder injury and knocked them out. he accounted for three broncos touchdown. you will see him one for run touchdown. they came back from ten nothing down. denver is five into nine. and dean injury to insult. he observed a concussion last night. he is a pre-existing spinal condition. he have to be carted off the field and then taken to a hospital last night. good news he was released from the hospital. here comes the bride all dressed in white. football fans or wedding guest last night. joe and jennifer tied the knot. it was officiated by blue. check out the gift that they teamed up to get. congratulations to mister and mrs. joseph swain. the indianapolis colts and the nfl would like to send you on a very special honeymoon. you are headed on an all expense paid trip to super bowl 52 enjoy your honeymoon. that is amazing. i did not realize that nobody would nibley would officiate that. i've done two weddings and was people in the crowd were asking me to do more. both couples are still happily married. that is the trick to a happy marriage. before the favorite nba all-star. on five two-for-one games. they will offer fans an opportunity to vote for players twice. you would start punching out the little ballots. it's such a popularity contest as it is. the players there can pick captains so let's say lebron james and steph curry and then they can pick the rest of their teams. nobody plays defense. it is just tricks. it's like 200 to 202. these guys are incredible athletes. my mother tried to teach me how to play basketball when i was little. i can't even play one on one with you. the whole alexa thing is just not for me. they are recording everything that you're saying. your phone lately has been doing that. and then they'll know what we talked about during the commercial break. thank you so much. jared max. catch it 247. with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. . maria: welcome back good friday more oftening thanks for joining us this morning happy friday to you i am maria bartiromo. it is friday, december 15 top stories 8:00 a.m. on the east coast, president trump tax promise a deal by christmas. >> the largest tax cut in the history of our country, and i will say the republican senators and congress men and women have been incredible. so i think we will get there it will be a very short period of time it will be the greatest christmas present a lot of people are going to receive. >> 11th hour marco rubio says not so fast a "no" vote on this bill, unless there are changes and not alone the latest lawmakers prepare to unveil final plan today. meanwhile, the fbi reputation at stake president trump visiting agency today, amid controversy over anti-trump text messages. >> stocks to rebound, as you can see, markets higher up 77 points a third of a percent s&p 500, positive markets continue the momentum europe not so much mixed performances ft 100 up a quarter of a percent cac quarante down, dax down a quarter of a percent asia overnight morjts lower exception of korea kospi up a fraction, tragedy in california. a fire firefighter has been killed battling raging wildfires winds posing a new threat levies pregnant wife a young daughter, facebook overhauling ad strategy deals on plan there how it effects you, taking "star wars" phantom to a whole knew level. ♪ . >> incredible light show coming up all stories this morning joining me to break it down fox business network dagen mcdowell benchmark managing partner kevin kelly for, news contributor rachel with us great to see you merry christmas. >> merry christmas. >> one of the biggest presents could you get from marco rubio, you have you may be the one beneficiary -- >> that is our top story. >> i will not argue with marco on this i do want -- >> he is a tax plan holdout senator ruby yoo threatening to vote against the plan unless child tax credit is expanded president trump suspects florida senator will come around we are talking about this this is first listen to the president yesterday. >> sure. >> -- that outline the immediate to increase refundable if they figure out a way to add to the 1100 figure i will support the bill. >>. >> i think we will be there a great guy very supportive i think that senator rubio about there, for sure doing very well on tax front. >> 52 to 48 majority in senate cannot food are to lose rubio only three members to as the a bill along party lines do you think jeopardizes passage. >> i don't, it don't benefit me i won't be somebody who gets a benefit from that. maria: why not. >> because. maria: you are -- >> -- about, listen i would love to argue that one, but apparently at a certain income i don't think i meet that 'we will find out i don't think he i will get that benefit marco if you want to include me i am happy about that, but i think they are going to raise to it meet expectations i think 2000, i think they should, middle class has been hammered, they have not had wage increases they have had a tough time over the obama years, why not give them this? let'sl less taxes, tax credit for children i think great. >> the will conservatives feel like expanding what -- >> a real conservative -- i was. dagen: i don't believe marco rubio is a real conservative child care tax credit doubled in senate plan to 2000, 1100 refundable if you are a taxpayer you get money back even if you don't pay income taxes his original idea refundable against payroll tax my issue is, the payroll tax funds your benefit of social security medicare you are asking people somebody else to fund a benefit, for somebody this is welfare, and marco rubio what he wants he wants the -- the fundsable amount to be north of 1100 dollars and change the income level so more low-income families qualify for the entire credit entire 2000 dollar credit to shoehorn this in now -- >> fair game a long time. >> he and mike lee got a vote on this in senate there was a vote on the amendment, to final senate bill they lost 29 to 71 he holds up vote says okay, since corker is on fence, might not have susan collins might not have jeff flake john mccain, corcoran i am going to stand up here until i get what i want? >> a baby. >> if he blows up this plan will not be -- by the american people. >> telling you not going to be for forgiven. >> he knows he is just -- >> why doing this. >> trying to -- "the art of the deal" trying to get more -- more than what he thought he could, he is in a position of power because people want to get it done not just want tax reform to pass numbers want to go home for christmas. >> exactly they have to get somebody done. >> only -- >> [laughter] >> only with no kids understands does not understand why members wanting to home for christmas. >> this is not the conservative this position is not conservative. there is no ideology, expanding the refundable amount of child tax credit does not create an incentive for work, it does not create a job, and. maria: does it lead to growth? >> no. >> no. >> priority was growth. >> maria could can be two more babies, by the way, we need to pay for old people going into retirement all boomers, web need more -- >> child tax credit going to say oh i think i will have a baby? >> you say i am not going to have a baby because of -- >> you know what? i don't need social engineering by politicians in washington through tax code. >> don't tell me about my family. >> have kids because i get some tax break, that -- that is where the republicans have gone off the rails in this. >> here is the issue we're having, i have been trying to say for a pile completely hypocritical for marco rubio to say this he want to simplify tax code not have special interests this is not simplifying it is complicating it, also, special interests i don't see faechl going out there with pickaxes saying we immediate in other credits. >> -- they have a collective action not going to do that they are expecting members like marco rubio to look out for them, look, there were exceptions played for are corporations to get more, out of this tax bill, why not give a little bit more to -- hardworking -- >> those people who don't have kids living in high tax states? >> i am not going to argue with maria on that one. >> republicans in high tax states lectured we're not giving you -- >> state by republicans in states that are takers we are not subsidizing i nightmare new york state subsidizes federal government 81 cents for every dollar. >> i agree the things done for corporate tax et cetera, are going to -- you know, spur this economy. >> good for everybody, but i will say, you know we kind of we kind of play into that whole idea for the -- listen, his tax his tax idea on the child credit, will benefit low-income people, and it is good to there a bone so he can also get rid of this sort of -- >> another bone, doubling of standard deduction. >> already giving so many different bones. dagen: if refundable against payroll tax medicare broke less than 12 years republicans sitting on sidelines not fixing that you are going to exacerbate that problem we have to see what finally gets done, by the way, fox was told bill moved in rubio's direction. maria: i told you it was. dagen: this was last night that means the kconfr rerees signing the bill tomorrow. >> we have to point out facts the carried interest in a moment i want to tell you about that, first this politico running story house speaker paul ryan wants the retire he denies reports he wants to retire "politico" huffington post reporting he may step down after congress in 2018 or after tax bill approved is there what you think. >> not happening my husband talked to paul yesterday nothing going, congressman -- >> congressman duffy my husband talked to paul is it true you are quitting after tax reform. >> of course, plot to. >> after 2018. >> he said i never had that conversation with my wife, and my family. regarding what happens after 2018, i will tell you this. members of congress, are constantly reaas heing there lifestyle is worth it, it is very hard separated from kids wife most of the week don't like to complain in public because look honor to serve, right we have military people serving abroad, making all kinds of sacrifices you rarely hear members of congress talk about that, between themselves between spouses, within the families they talk about this all the time because it is hard. maria: when i read it i thought i am not provide. >> speaker of the house is the worst job outside of maybe being the president, the worst job you are always, the bad guy, it is really tough in this is conference. >> you asked me would i hold up bill if i was in the senate would i hold up the bill because of rubio's amendment would i never run for office in the first place, i think because there is no ideology. there is no nobody they are all looking out for their own self-interests not looking for for interests of the american people. >> i feel like peter king is fighting for something. >> i feel sorry for him, because his fellow republicans if the house and senate put him in a major box -- >> working, voted for health care had a lot of votes, sponsored great bills can't get the senate to do people in his own party. >> 81 cents on dollar -- for every dollar this state sends to federal government we get 81 cents back. when you have states cross the south and midwest that get north of a dollar for every dollar they spend that is why we are givers not takers. maria: right why peter king fighting as hard as he is dems targeted for king's seat turning into into a political thing we will see, i want to talk about economy i have an op-ed running in today's "the wall street journal" i am proud of that, thank you [applause] maria: 24,000 and trump boom, and i am taking a look back at the year economic progress in this first year of the trump mix, what lies ahead, i think it has been extraordinary this year, from economic standpoint incredible, i like excellence after reaching dow 24,000 where can markets economy go from here not making predictions stands to reason economy better off when federal policy does not discourage people demonstrated an ability to work earn, spend invest, why do i say that? because the top 10% earners pay 71% taxes, and the individual side of this tax plan, is a lot messier than corporate side, and seems like not about growth on the individual side it is more about, let's make sure the rich do not get tax relief here when is what i predicted election 2016 when understanding, clearly, president trump and candidate trump's policies. >> this ultimately will be a huge buying opportunity because when you look at both candidates economic plans on trump side he wants to lower taxes roll back regulations, regulation has been the one barrier for small business, and large business by the way, in terms of growth, economic growth is the priority that is what this country needs right now that is what will be positive for the markets, and i think ultimately, people will view this major sell-off tomorrow, as a huge applying opportunity, because of his part time he is focused on rolling back the regulation that is going to be hugely positive i think going to lead to economic growth this is a going to help stock market if we see decline today, in the market i would buy that market with both hands just saying you are talking about a good economic plan. >> all right that is -- look, dow was 18,000 dagen. >> you can be my financial advisory i would be rich now. >> if i had -- a great internal compass about things kind of no, not -- because you are -- no nonsense listen to people born and raised in brooklyn like you kind of pay attention you don't listen to all the chattering classes like you use in gut you are talking to small business owners that is why you knew trump was going to win in the first place. >> part of the piece is you hit home on that you talked to small medium large business owners talked about rules and regulations that impacted them, hamstrung them especially from obamacare you talk about it one of the biggest regulations we have 75,000 pages complicated tax bill. >> here is one of the rules social security services second amendment restrictions will increase scrutiny up to 4.2 million law-abiding disabled americans attempting to purchase firearms potentially denying people constitution rights. >> i've got a list of rules that the president has rolled back, and it was all red tape. >> my favorite part your hair you look fabulous! >> then there is a hair. coming up, reboot to facebook next. the moment a fish is pulled out from the water, it's a race against time. and keeping it in the right conditions is the best way to get that fish to your plate safely. bacteria can multiply to high enough levels that even cooking it will not destroy all of them. it's definitely the most important thing in my business. how fresh is the fish? where it comes from? how it gets here. the more i know, the better. sometimes the product arrives and the cold chain has been interrupted, and we need to be able to identify where in the cold chain that occurred. we took our world class network and we developed devices to track environmental conditions. this device allows people to understand what's happening not only with the location of that asset, but also if it's too hot, if it's too cold, if it's been dropped... it's completely unique. we ship fish, beef, poultry, vaccines, insulin. this is about monitoring and protecting everything we ship. i catch all this amazing, beautiful fish and then once it's out of my hands, i have no control over what happens to it. if you have a sensor that can keep track of your product, it keeps everybody kind of honest that way. it's really all about the network. you are looking at trillions of transactions a year. not too many companies in the world can even scale to that type of volume. who knew a tiny sensor could help keep the food chain safe? food has to be fresh. it's that simple. illumina. officials have not released circumstances of his death one of thousands battling the fire fourth largest in california history, the second one linked to that fire. >> well another headlined the facebook changing video ad strategy first publishers to create longer videos bolster watch made debut earlier this year to provide publishers with incentive to create more compelling program shares facebook up 55% so far this year. >> well adverti'tis the season big det spending for headlines sends many into severe debt 25% use credit cards to shop for headlines don't expect to pay that off at least six months failed to take into account expenses gifts and food top resolution save money in 2018 so 60% expect to pay debt within one to three months 46% within one month, one house to dark side for the headline holidays ♪ cheryl: matt johnson's house, by the way, owner of living light shows known for outrageous light shows this year force is with him an incredible "star wars" theme show 15,000 lites blink to beat of imperial march he used to do this on his house until neighbors started to complaining looks like my old neighborhood. >> draciste you to go to neighbor say your lights are too bright. >> it has enviable -- >> a woman's world surprising how ladies define personal health and wellness this is a next national ugly christmas sweater day, we've got sweaters the hottest cardigans for the season later this hour wait till you see our ugly christmas sweaters, back in a minute. >> i'll be home for christmas ♪ if only in my dreams ♪ another day of work. why do you do it? it's not just a pay check, you actually like what you do. even love it. and today, you can do things you never could before. ♪ ♪ you're developing ai applications on the cloud. finding insights hidden in decades of medical documents. and securing millions of iot sensors. so get back to it. and do the best work of your life. ♪ ♪ or a little internet machine? and do the best work of your life. it makes you wonder: shouldn't we get our phones and internet from the same company? that's 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. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. maria: new year new you, women's health under microscope 43% women say stress ziert anxiety main concerns talk about this joining us, is family medicine doctor dr. "mik." >> good to see you this is important, we used to -- >> i think surveys a great thing that we're doing every day health did a phenomena job looking at wellness why important i am a doctor of ospathic medicine holistically trained doesn't mean we don't believe in medicines in surgery it means we look at the patient as a whole lot ofistic wholly lifestyle, worries, what predisposition do they have to diseases. >> 41% respondents said weight and dress sides negatively affect wellness. >> interesting, because -- >> i don't get. >> in a bad mood. >> this is interesting, because not only obesity dangerous to fulfill halt raises risk karns heart did see affects mental health as well a balance between mental health and physical healthy if something goes wrong in mental health it starts affecting you fulfill sense if something goes wrong with fulfill het --. >> not necessarily obesity just a woman's perception of hers kind of unfair social burden put on women, versus men how do you combat that? >> so you have to -- put things into perspective, you have to explain to people when a patient walks into your office what a true healthy person is, it doesn't mean you have to look at shape manager or women's health magazine take advise from them what looks healthy you have o to have a conversation with someone you trust health professional what is interesting in this survey, they interviewed millennial women found they are more likely to seek medical advise from friends, family members than health professionals. >> or internet. >> i have on social media with my two and a half million followers try to be friend family member that is also a doctor, that is giving them this advice the quality advice they need doesn't misguided them. >> is this cancer, hey? >> one of the biggest, out is worry about financial security, i mean this was by far, one of the biggest steps i think 62% worrying about financial security weekly pay. >> yep. >> so interesting how it broke down between, when you were born baby boom% not as worrying about fanl security as millennials so shows as you have financial security as you age changes, so millennials are younger more worried about financial future they see an impact upon their health, that is important, to know as a doctor because it tells you where you should look what conversations you -- >> what you are seeing is trump economy is good for your health? >> no problem on that one. >> economy in trump tax plan. >> child tax credit -- >> [laughter] >> i am -- >> that is not -- >> survey did show ladies not happy with state of permanent wellness can feel he stressed is to that is your whole point about mental fulfill deck dots. >> perspective is key talking stress a lot of people say how did i get rid of stress in my life a common question, you don't need to get rid of stress you change perception of stress make stress ally make stress your friend because all stress is doing is preparing you for difficult moment raising your heart rate making brain fire faster so you can answer questions on television a little quicker not about things. >> it becomes a vicious cycle you don't feel well don't know what is wrong auto immune a cycle i have had a lot of discussions with professional women high pressure jobs they get into the cycle like i feel sick but i don't know what is wrong i am stressed out about it. maria: dagen also -- >> o when you work out helps with stress, fulfill so that about to work out. >> three pillars of health exercise, eating well sleeping i know you -- breathing taking a breath come povg yours a deep braet. >> meditation doesn't have to be quietly with legs crossed on the ground it has to be a moment you live in the presencefying out what is going on take that moment understand what is going on once an i think you remove vicious cycle of being stressed about being stressed that is a very -- >>. dagen: like illness or i don't feel good what is wrong with me it is hard to break that very hard to break it. >> thank you so much coming up president trump heads to fbi following, his criticism of the agency why intelligence agency is under fire for hillary clinton e-mail probe next. >> costco earnings beating expectations now we break down results of the big box retailer stock up 3% right now. ♪ he have been everywhere man i have been everywhere man -- i travel, i have been everywhere ♪ ♪ i have been to reno, 5 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. ♪ morning. thanks for joining us this morning. i'm maria bartiromo. it is friday, december 1510 days away from christmas top stories wl a.m. on the east coast. a race to the finish play on on tax reform, senator marco rubio says he is a "no" as he pushes for last minute changes to this bill actually not even alone white house says it is optimistic this will get done this week and vote next week. >> we are going to continue working with senator we think we made great strides pretty historic movement in terms of of the child tax credit we are very proud of that work going to keep working with him until we get the yob zone we are confident we are going to get there before then this is something i think that both the house the senate and president are all committed to seeing the happen, and we are very hopeful that it will take place the first of next week. maria: path the passage fbi reputation at stake president trump leaves shortly to -- ci academy graduation from controversy over agency investigation, hillary rodham clinton e-mails markets like this expecting a good rebound this morning markets keep climbing now we are at highs of the morning yet again, up 90 points now on dow industrials up a third of a percent record highs nasdaq up a third of a percent 20 points higher in europe mixed major indices there mixed with fts 00 redaction under acquire cac quarante down a quarter of a percent asia overnight stocks motivate clear exception of korea earnings in focus again on wall street this morning, oracle sliding today, down 4 3/4 percent right now over concerns about the cloud business, on earnings related news that is is oracle he costco to be a winner jumping as retailer online sales surged that stock up two 3/4 percent celebrating national ugly christmas sweater day k hugely popular sweaters, our ugly sweaters, coming up this morning. first top story this half an hour president trump, set to deliver marks today, a the the fbi national academy graduation, this is the bureau under fire for hour it handled the hillary clinton e-mail probe blake burman live at wisely with details good morning to you. reporter: good morning to you as well president trump will speak later this morning, to the latest graduates at fbi national academy trip to quantico a week after he was critical of the fbi, saying jim comey years and hillary clinton investigation quote kept its reputation in taters worst in history. the visit a day after senator ran johnson claimed in a rhetoric to director wray that come inside's statement eventual cleared jimenez from criminal wrong cog had been watered-down with three edit one said possible hostile actors gains access to clinton's private investor down graded from reasonable likely the white house sees bias. >> president is absolutely supportive of has full faith and confidence in rank and file members of doj and fbi troubling that revelations to come to light extreme bias against this interest highup members of the team there at fbi who are investigating hillary clinton, at the time. >> important to point out unclear who made these edits why and we know johnson said the dates are not known so it is unclear if edits were made along normal course of investigation or if they were made because there is bias, agency the white house allegations. >> thank you so much blake burman stay with fox business live coverage of the president speech 10:00 a.m. eastern this morning, we will take you there life, hear what president has to say at fbi graduation joining me right now house ways and means member congresswoman good to see you first let's get to the fbi, your reaction, to what has at an place there? >> you know i think that most of the folks who work at fbi do it had honorably i thank them for service to our country if there is corruption if there is cover up we need truth that is the side i have always stood on. >> are we getting the truth though? i mean that is the issue right? because here we have, bits and pieces every day something else causes you to go hmm anti-trump text messages from very guy actually investigating the hillary clinton e-mail scandal on interviewing, hillary clinton herself. >> a lot of questions, a lot of members of congress, in a have committees over that jurisdictions weighing in on that, so i know that we are doing our due diligence i have been focused on tax reform recently, so that is where my spr te expertise comes into play. >> control a republicans expected to sign a final vehicle, of the bill, certainly post it today perhaps vote next week what changes can they make right? several gop senators now including florida senator marco rubio threatening to vote against this tax plan, unless the child tax credit is expanded, will you and an that tax credit? >> absolutely, marco ivanka trump and i worked extensively on child tax credit in bill sign report doubled child tax credit expanded the amount of people that can claim the credit as well, i think the discussion that marco was having, yesterday, had to do with refundability portion i think we can accommodate it costs money doing this tax reform package, and a reconciliation bill you have to make sure that all the numbers work so that was the challenge that we faced the last minute. >> in doing all this you got to choose winners and losers in this isn't that the bottom line here? okay. so you expanded the child tax credit already, you are spending upwards 600 billion dollars on that portion of this 1 1/2 trillion-dollar plan, then you've got the people in high tax states, who are losing salt deduction all people losing all business deductions, coming to realization their taxes are going higher how come that is more important than answering a peter king in o new york, that he wants more movement on these state and local tax deductions? >> i am going to disagree with you a little bit there, all of the discussion that we've had in negotiations and putting bills together was how we can get low and middle income folks more relief they can keep more dollars in pockets, to take care of their families. many by this refundability portion brings leefl to more lower and middle income family salt deduction we keep salt deduction in place up to 10,000 dollars, eligibility property income taxes whatever local taxes may be we made adjustments that will bring high tax states relief i really think that this bill addresses concerns that we have had in this country gives long term tax policy, so that we can bring companies, and jobs back do this country. and strengthens our future meeting needs of families that today don't have 400 dollars in the bank for an emergency situation, almost half people in this country cannot handle an emergency, if i have the costs 400 dollars that has to change stall what this is going to bring relief for them more dollars in pocket higher wages. maria: certainly what we want to see how do you push ban on criticism if you expand this you are talking welfare this is welfare. >> i think that is one of the debates that we've had we've had it extensively i am gratefully expanding child tax credit refundability also a debatable we are coming back in new year make sure we have integrity in poverty program speaker ryan focused on i am focused on make sure our poverty programs lift people out of poverty, so we don't have programs that keep people there that it can be abused we certainly do not want to have fraud, in taxpayer dollars you've got people work hard every day pay taxes, and you don't want somebody getting those benefits, disingenuously, that is the conversation that we are still continuing to have. >> let me ask i walk through numbers for you everybody wants to have an understanding that you have the votes we know that senator john mccain is sick in the hospital right now. we know that you've got this pushback, from marco rubio do you feel that you have the votes for example do you need john mccain to vote yes on this. >> i think we will have the votes we are certainly praying for senator mccain i know his health is in a very serious situation, and so we have been lifting him up -- as well i believe that marco will end up voting for this bill i think senators recognize this is a huge fix to our tax code, what a benefit this is going to be for america not just strength our families but strengthen our futures, that i believe when they recognize that read through bill after we sign the conference report they will get onboard. >> so you think you get the votes you will post it today, and be able to vote next week? >> you know, obviously nothing no bill is perfect, but we think that this is huge victories in it for american people. >> the speaker of the house paul ryan is looking to silence this speculation about his retirement, politico reporting he will leave washington after 2018 midterm elections watch this. >> thank you very much everybody, appreciate it. >> -- [laughter] >> speaker ryan getting tired here wants to step down at the end of the -- the election next year in '18 that is what politico is reporting up. >> that is up to speaker ryan has cone a good job getting us through tax reform policy i honestly believe a lot is fake news people like to talk about speculation, rumors on hill it happens all the time i need time to focus on what speaker ryan has said his future leads the. maria: there is a bigger question about what happens in '18 whether or not house losses the majority, obviously, the dems are you know trying very hard to be obstructionists trying hard not to have your agenda and president's agenda executed how worried but and colleagues about losing the majority next year. >> when it comes to democratic party what they have said about this tax bill what they have said about our economy, what they have said about republicans plan to lift people into a stronger future has been actually quite shameful, a lot of what they said has just not contained any facts. and so, so i would ask american people to go get the facts, get the details in this bill future bills what wr working to do to give more freedoms and liberties that is what we are going to go moem talk about that is how i have always worked on my campaign, and visiting face-to-face given the faction of what we're doing on capitol hill to make lives better. maria: all right. we will be watching, good to see you thanks so much. thank you. >> coming up a closer look at "the wall street journal" op-ed this morning, i take a look at economic progress, in year one of the trump administration, stuart varney weighs in on trump bump as well hope you check out my op-ed in journal this morning, oracle reported same quarter earnings beating estimates revenue earnings expectations we break down results the stock is down almost 5% back in a minute. ♪ ♪ maria: welcome back costco shares up not just because of the strong -- nicole petallides on floor of the new york stock exchange. >> solid first quarter for costco a look at day where up 2.6% this been pumping up trying to bes the ecustomers sales from two day delivery on dry grocery same day inscart the online sales a rise of 42%, in the quarter, so that is a big deal, also, 7.9% rise in seals a win all across the board, about high in december watch for new highs again for costco, oracle under pressure turn that around look at it downside down has been down 6 1/2%, now down 5% off earlier losses but still to the downside, yesterday we stood here and we said that they had warned on their cloud revenue that is exactly what came out a disappointing number for -- outlook for cloud as well so they missed on, revenue and earnings there is no silver lining forward they talked about slower growth the one piece of good news it is which is the lion's share we talked about traditional software licensing business, that is largest for oracle in fact rose 3%, the forecaster weak oracle downside look forward to your op-ed. maria: thank you so much take a look at meteoric rise of economy under trump in oned in wroj we take a look to 20 sl joining me to talk about that hotl host of "varney & company" stuart varney. >> don't cover it up you a mud a brave call, on election night, and on the morning after. you were dead right you did this network proud should you take more credit for yourselves. >> thank you i appreciate in a. >> i have read the article, i was with you on election night we are on air day after, as apparently donald trump had become president united states of america dow futures down 700 points -- saying this market will never recover you came right out and said buy that market, it is unparalleled buying opportunity dead right. >> thank you. >> all kudos on planet to you think i some viewers who followed your advice should give you a vote of thanks. made a ton of money out of you -- >> a believer as well making this call all year six trillion dollars market value since election no secret as hensarling told me growth will happen, give it a break. >> people who hate trump allowed that personal views of politics to get in the way of their on the judgment about where this market where this economy were going followed their ideology instead of underlying principles of the market and economy you didn't you got it right. >> thank you so much i know you have more on economy up 33% since election on dow in about 10 minutes we you "varney & company". >> thanks 9:00 a.m. eastern "varney & company" stuart top of the hour after "mornings with maria" christmas almost here do you have your ugly subve sweater yet we do all have sweaters this morning back in a minute with that. ♪ hi. i'm the one clocking in when you're clocking out. sensing your every move and automatically adjusting to help you stay effortlessly comfortable. i can even help with a silent night. does your bed do that? i don't actually talk but i can tell you how you slept. i'm the new sleep number 360 smart bed. let's meet at a sleep number store. maria: gimmick to look like ugly christmas sweater day the cofounders of ugly christmas sweater.com, good to see you thank you so much for joining us. >> thank you. >> so ugly christmas sweaters essentially part of holiday season amazing this sweater i don't know what is going on with this sweater. >> yeah. >> why is do you think this as the taken hold. >> one started as wearing grand pla's old christmas water has become a very festive fun event. >> people want an older sweater. >> the craziest ugliest sweater they can find. >> can you find it tell us about it. >> on ugly christmas sweater.com we create the craziest ugliest christmas sweaters to get biggest reaction out of people, at your party. >> let's take a look at our team over there, put cameras on team wearing ugly sweater this morning -- >> you guys look great. >> what is on your sweater? >> five million dollars in sales how do you continue to build a business beyond oibl sweaters. >> we have to ugly sweaters looks like elf is carrying me. >> a whole sweater? >> no this is -- >> so you are extending going ugly pants. >> come up with creative ideas, we like. >> merry christmas you filthy animal we used that line the other day who comes up with these designs? >> we do we also have a great team, at the warehouse sisters are there, and we've john h-p zach. >> cool how do you like sweaters over there dagen what do you think about your sweater. dagen: cheryl got one too. >> you could wear the sweater play around with it, what is jared what this is a you have the reindeer. >> a moose i guess a reindeer. >> it condemns comes off. >> funny ideas, i guys how did you come up with this for you will ugly sweater you go to families house, and somebody has an ugly sweater on don't they? >> back in 2012 we had a costume company decided to take it a step further kind of similar to halloween costumes christmas costumes. >> we love it thank you so much. >> thank you. >> thank you for the ugly sweaters fred and mark, happy ugly christmas sweater day happy holidays final thoughts from all-star panel and sweaters, back innin a minute. accumulations up to 8 inches... ...don't know if you can hear me, but [monica] what's 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 month's lease payment on select models during the season of audi sales event. . . . . maria: we're all in the christmas spirit with our sweaters on right now. get final thoughts from the all-star panel. rachel campos did you have at this. >> marco rubio will not be the one to kill tax reform. costco sales up. that is about big families. that is the people who shop there. tax credit for kids. >> there you go. >> rules and regulations over 22,000 pages hampered the financial sector. i got long the xlf. financial sector etf because it went down. they get taxes in. financial sector will have great time. maria: you will party because it your birthday. dagen. >> no more ideology in terms of politics in washington. i want it and want it now. i say with, what marco rubio has done is welfare through the tax system. it is social engineering. that is what i disagree with. if you want to give people money call it welfare. maria: push back on 11th hour. not good. "wall street week," 8:00 p.m. eastern. we'll talk with the winkelvoss brothers on bitcoin and "sunday morning futures" on the fox news channel and in new york right here. dagen covered next two weeks. have a great holiday. rachel, dagen. have a great day. stuart varney. take it away. stuart: not in a christmas sweater. maria: we have one for you, stu. stuart: okay. keep it. no. no. i'm a grinch here. 10 days to christmas. you are spending big-time. very good news for a growing economy, and good morning. good friday morning, everyone. here we go. best holiday shopping season in very long time. we have shown you pictures of those amazon boxes stacked up, high. yes, online shop something truly huge. the malls are doing much better than expected. federal reserve has taken notice saying that the economy is

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