Transcripts For FBC Cavuto Coast To Coast 20170622

For stockholders definitely. For their patients maybe not so much. But that is getting a little bit into the weeds here. Lets focus on the Bigger Picture this is finally out there. There is bickering back and forth the timing of all of this, whether this is obamacare light. You heard all the criticism, protests amassing on capitol hill those say it goes too far, that it will kill americans. Protesters are going that far. To adam shapiro on latest on all of that. Hey, adam. Reporter better care reconciliation act. That is what senate introducing. Go you through a few details. It will continue subsidize in some cases for obamaCare Coverage to stablize insurance markets. No subsidies for could have includes abortion services. Defunds planned parenthood for one year. It will repeal billions of dollars in obamacare taxes. Repeals the individual and employer mandate. It caps medicaid payments. It preserves tax credits for people but theyre less generous. Phased out medicaid funding. This is issue fighting over in senate and as well as house. Phases out medicaid funding over a four year period from 2020 to 2024. It returns medicaid spending to preobamacare levels. It preserves preexisting coverage as well as coverage for 26yearolds on their parents plan. That is little bit what was announced today. Here is what Mitch Mcconnell says about the plan and why we need to pass it. Of course the democrats response. They call it a tax bill disguised as a Health Care Bill, take a listen. Next week we expect the Congressional Budget Office to release a score. After that we will proceed with robust debate and open amendment process here on the senate floor, a process i would encourage each of our 100 senators to participate in. When legislation does come to the floor it will present Senate Democrats with another opportunity to do what is right for the American People. The Senate Republican bill is a wolf in sheeps clothing, only this wolf has even sharp are teeth than the house bill. Reporter neil, one. Big key parts of this bill, it is going to be as i said, part of the fight, whether with the house or with fellow republicans is the medicaid portion. Moderate republicans said wanted much . X e slower phasing out what is the medicaid expansion. This does it in four years. In house they wanted to do it in three years. Neil . Neil senator rand paul saying this is really not an Obamacare Repeal as much as it is obamacare light. He is my special guest at 4 00 p. M. On your world on fox news channel. Tim scott, republican from south carolina, what he makes of that recall, i imagine not sole criticism on part of republicans. Senator, he is essentially saying, i think i am getting it right and more later on that it is dead on arrival. What do you think . Some senators will say no. What will you do with the binary choice keeping obamacare as it is, moving in the wrong direction, faced with false, failing formula. Or preserve and return Health Care Decisions to patients and doctors . This plan in binary world is a much better plan than obamacare. Neil all right, now i noticed that a lot of the Affordable Care act penalties would stop and that this would be a step in the direction of to make sure that no one has to get this coverage but, but therein lies what would be the means by which you would recruit people to keep the cost of it down. So how do republicans answer that . Well there is twoways to recruit people. One is to compel them, make it compulsory through the mandates, or, to allow states to design policies consistent with what folks in the state want. If you want them in the Health Insurance market, give them policies designed for younger folks. If we give more flexibility in the essential Health Benefits states find themselves creating a path for more insurers to play in that market which will bring more revenue into the Health Care Market and we as a nation will be better off when we have those folks participating in the marketplace. Neil senator, i always get worried when Insurance Companies are happy. No disparaging meant to Insurance Companies, having dealt with medical conditions, they can be rough customers. So when i see their stocks soaring and theyre relieved, theyre happy, im kind of not. Disavow me of that concern. Yes, as a patient, someone who will have access to Health Insurance, one of the things i would say is certainty and predictability in the real world of business is more important than good policy. My opinion is this policy moves us in the right direction but no one should celebrate, particularly Insurance Companies, but what they will celebrate is the fact that there will be access for more americans to have policies that they actually want to buy, and today, Health Insurance companies are leaving the exchanges, one out of three counties throughout this country have only one Insurance Company. Neil the only reason i raised it, you didnt have to be a math whiz to figure out in 2010 as we did when we covered the creation of youre a math whiz. Neil i wish. One of the things i did notice, senator, when you make all the guarranties in coverage for preexisting conditions, keeping your kids on the policy longer, and you dont think your premiums will not go up youre smoking something. To help those who did smoking something but i digress. Now, senator, wonder with same guarranties larkly kept in place, preexisting conditions, keep kids on policy longer, under this republican plan, will Insurance Companies have room t do what they did under obamacare to hike premiums . No doubt in south carolina, the rate increase was 120 . Neil wow. Under our plan we can expect rate increases to be significantly lower. One of the things that obamacare said your premium would go down 2500. What did we say see . Multiple thousand dollars increase. Now we say you can have a doctor. Neil you were not part of the group that crafted this. No, i was not. Neil can you guarranty there wont be eyepopping increases nevertheless . Never make a commitment that you know you cant keep. I have no clue on how to make a guarranty of anything in the future. What i can say however, is that relaxing the essential Health Benefits is one of the ways to create policies designed for specific needs. By doing so you bring more revenue into the health care world. That in and of itself what obamacare failed to do. The obamacare failed to attract 7 million young people as they designed plan around that would help subsidize premiums for older people because that never happened, premiums spiked. The and then they continue to spike. And so what were having to do this time around is two things that we have to do. Number one, is to stablize Health Insurance markets especially for the individual market. And number two, give states and insurers more flexibility what their citizens or their insureds want in a policy. When those two things happen, people return to the market. When people return to the market, you get more revenue. When you get more revenue you can actually lower premiums. Neil you hope. One can only hope. Critics of the senate plan say it is actually not a repeal of obamacare as much as it is sort of an adjustment, shaving at the edges. If that is indeed the case, im sure you dont agree with that assessment, would it have been wise for republicans from the getgo, all right, we want democratic support for this. Well not repeal the thing. Were mightily going to change it, had you done that, since a lot of people say in the end you came up with a lighter version of obamacare, that you could have had a lot more democratic support on this, quest to keep republicans in line might not be necessary, what do you think . Words matter. Here are the words that matter the most. The individual and the employer mandate is gone. When you no longer are compelled to buy something, democrats in large numbers fought in the opposite direction. We are restoring the decisionmaking to the household, to the individual. This is something that is a clear line of delineation between the Current Health care model that requires anyone breathing to buy it in this country, and our model that gives you the option to make a decision. So with that said, obamacare is largely about taxes and individual and employer mandate that requires people to buy insurance. We have done something significantly to restore choice in the marketplace. Neil you heard from the democratic critics, chuck schumer, nancy pelosi saying essentially this is even worse than the version the house came up with, that is to be expected i guess all marketing on their part unfortunately. Neil the Congressional Black Caucus as you know, sir, eschewed a meeting with Trump Officials on any subject. Unfortunate. Neil no one wants to be a costar in this reality show. What did you make of that . Really unfortunate. Here is what we have. We have the president of the United States willing to meet with a powerful group of Congress Members to find ways to improve the quality of life of their citizens. The answer cant be no. If you do, dont likec the direction of the policies of the president , or you dont like the president , it is not about him. It is about the policy positions that are represented in the administration that could bring relief to citizens. I brought in over 80 president s and chancellors of historically black colleges and universities and their ask was for yearround pell grant. Guess what they received before they left . Basically they received affirmation president was willing to restore yearround pell grants. Because were having conversations with groups that dont normally sit in the same room that we can help more americans. I have tremendous respect for the Congressional Black Caucus. With have to do not always do what is in our best interests but best interests of our citizens. From my best interests to sit down with anyone anywhere anytime to take a serious look to provide solutions that we represent. Neil sir, big district race in your fine state. Ralph norman won. Close. Neil fewer than four points, the Mick Mulvaney the congressional seat he was aspiring to, won by more than 20 points. Yes. Neil some overlooked that, not the fact that maybe republicans could be in more trouble than earlier thought. How do you feel . Well there is a big part of the election that we have a remember. Sometimes you win because the other team loses, ands sometimes you get comfortable when you have all three, the trifecta here in washington. What i would suggest for 28 teen that we pay close attention to every single race because every single race will not be a litmus test on the trump administration. It will be district by district in the house, and state by state . The senate. If we do not have plans specifically designed to remind our voters why they elected us, we will be in jeopardy. If we do have specific plans, remind voters were not talking about left versus right. Were talking about americas future and they are the central part of our conversation, well when races. Neil senator, good catching up with you. Good seeing you again. Good seeing you, neil, take care. Neil House Study Committee separately warning senator Mitch Mcconnell that any changes could jeopardize the bill in the house. There are a lot of changes. Not sitting well with everyone in the house. I suspect my next guest amongst them, on that committee, congressman brian babin. Not a fan of this i take it . Let me preface this, neil, the democrats predicted we wouldnt have a bill in the house. We do. There wouldnt be a bill in the senate. They are going to have one. I just got, actually some of the details on this bill. It is 150 pages long, about an hour ago. So weve been trying to digest it. Im very, very happy that were going to have a bill that we can conference or we can go, get some exchange of ideas between both houses so we can take down and repeal and replace obamacare which is absolutely in a death spiral. There are some good aspects of this thing i can see. There are some i could not support. I can tell you that right now. But im glad that we have something that we can discuss. Neil i guess in order, it goes back and forth, congressman, whether its different enough from the Affordable Care act or, just sort of graying the lines. A lot of people say at best it might be graying the lines. That any measure that has Insurance Companies and Health Insurance stockholdersc happy, then maybe there is a problem with that. That might be a little bit simplistic, but what do you think . No. Youre exactly right. Some of the, we still have a 50 billion, we have a 50 billiondollar bailout of Insurance Companies, in this thing. And that is going to be a problem. I think weve got to address. Also, you know were getting rid of the insurance mandates which i think is great. I mean the individual mandate and employ every mandate. So therefore, with our, you know, it doesnt necessitate people to buy insurance. Neil you know democrats, counter as you know sir, that could be a problem. I understand your concern about mandates. What happens in the meantime, without them what compels people getting coverage to keep the cost down . I only mention on context of saying that right now under the house plan there was a guesstimate on part of cbo, always guesstimates i dont give much credence to the number, that 23 million fewer americans would have coverage. A lot of that is penalties removed they have no reason to get coverage. How do you feel about that, is that a problem just to sell this . I think, i think that you have to have an incentive to buy insurance for this thing to succeed, neil. You cant just, wait until youre riding in the ambulance in the hospital to purchase insurance. Neil right. That is going to have to be addressed. For some of us to support this version, but that is something i think we can do. Otherwise the whole thing is house of cards and it might be unsustainable this. Is a start. That is where im optimistic. I think we can work this thing out. We have a thin margin, a razorthin margin to work with in the senate with just 52 votes plus the Vice President but i think we can get this thing done and get something satisfactory but it is something that has to be worked out, some of these aspects, i dont think are going to be workable. Neil all right. Let me just say this, neil. Neil sure. My constituents, ever since ive been in congress have been complaining about the growth of the premiums. 150 , you know, over the years. Deductibles that are absolutely unworkable. You cant use your insurance. So if we dont get premiums and deductibles down where working class americans can afford this, i think it is going to be a hard, a hard nut to crack. Neil all right. Congressman, thanks for taking the time. Good to see you. But im optimistic. Thank you, neil. Neil thats good. Half full. Were hearing now at least three republican senators are already opposed to this plan as is. Likely one of them is rand paul. Mike lee of utah strikes me as potentially one of the other two. The third one i think i have an idea but there are half a dozen names that could fit that bill. Suffice it to say rand paul will be my special guest at 4 00 p. M. Eastern time on your world. Why he is concerned that this is obama care redux and not much lighter. Stick around. Here comes the fun with seadoo seadoo has the most affordable watercraft on the market starting at just 5,299 and up to 500 rebate visit seadoo. Com today thithis is the new new york. E . Think again. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov times up, insufficient were on prenatal care. Es. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. 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Neil in middle of all this health care back and forth, including a few minutes ago, republicans in the senate failed to repeal obamacare. This is just different version of it, he will be my special guest at 4 00 p. M. Were hearing separately at least three republican senators who do not like this deal. That is significant number, because they dont have much wiggle room. They have 52 members in the senate. Now they can have the Vice President act as tie break are in that event. If they lose three votes. Then it gets to be decidedly problematic. Three senators no doubt rand paul among them, this is not their cup of tea and theyre not going to vote for it. Meantime, one of the key members of a meeting going on at the white housec of largely Top Technology officials, nasdaq Top Executive nelson aggression, his view of this how it is affecting things griggs. How his company would be affected by todays developments. Cap as busy week of the president trying to reach out to technology types, all types on an agenda he says still on. Nancy pelosi meanwhile getting a lot of pressure from the left and some democrats are you now actually calling for her to go. Some, we always have this discussion. One is one. Two is a couple. Has been a number. Some, some. But i feel very confident in the support that i have in my caucus neil all right. It is about half a dozen, actually. Congresswoman Kathleen Rice among them, democrat of new york who said, and i quote, nancy pelosi was a great speaker. She was a great leader, but her time has come and gone, which is i think the congresswomans saying go i think. To republican fundraiser noelle nikpour, democratic strategist sarah vidali. Sarah, what did you make of that . Speaker is right, former speaker is right, not a brush fire but looking like it could be what do you think . Well i definitely dont think this is a nancy pelosi problem. I think it is a critical moment for the party to reassess its platform. Until were willing to put forward a bold Economic Vision, and candidates who are willing to challenge power, we will continue to fail to break through. The lowest common denominator. Neil that is nancy pelosi too, right . If other members feel she is not representing them, past her prime, that can be cruel, took place do it when they fire head coaches or companies, when they get rid of ceos, it happens all the time, why hasnt it happened here . I think taking stock who is in charge is never a bad idea, but the bottom line, looking at one month of fundraising doesnt paint the whole picture. Democrats brought in record numbers since the election. More importantly, the progressive grassroots groups on the ground have been bringing in a ton of money for the local races that theyre helping all across the country. Neil but my point is, money is one thing, but you have to deliver the goods, right . Sure. It goes back to who were running in 2018, and i think leader pelosi sees that. She knows we need to put up inspiring candidates with a bold Economic Vision and that will turned tide. Neil that is what she is hoping. She has been able to pull out a victory when she is up against the wall. Maybe still hoping with the pickup in democratic votes. And all five of these contests that weve seen that even though democrats lost each and all, they did do better than they did in the election back last fall. So, what do you make of the argument that the trend is her friend . No. Neil noelle, first. You know, i think nancy pelosi, i think she is not the entire problem, we all know that but she is a spoke in the wheel so to speak. If youre going to clean house if you got to real lies this is not working, their entire message is off kilter. And i think that a lot, especially with special election which translates into fundraising dollars, a lot of their message is you know, antitrump. What they dont understand is the ant i at this trump, that is actually become, it is become an anchor to them, not wind beneath their wings to raise more money and to win elections. Although they were close, you know, a lot of it has to do with some of the rhetoric, you really can not, you cant look at that total and think that that is whatc is going to keep them going. In other words, nancy pelosi is part of, is part of the Bigger Picture and she is part of the problem but you need to look a little deeper too if youre going to get her had out, you need to look replacing her and need to look at perez the new dnc chairman and ellison the cochairman. Both of these people are responsible for wrapping their hands around the message that people get forward to raise money on and it brands the party. So this is in effect, pelosi, perez, ellison, theyre a team, and its a bad team because not only are they not raising money, theyre sending out a message not resonating. I absolutely disagree. Neil really, so surprising. Sarah, can play both ways in politics, one of the things im curious about, it is conceivable, that you know, a lot could change in 18 months. Often times does. But the fact of the matter is, republicans should. I think noelle would agree, they have to get some legislative victories here. They have to resolve this health care thing. They probably have to get the tax cut thing done. Barring accomplishing that, then maybe democrats do take over the house, is that really what it comes down to for you . I think right now what were seeing is that there is still a record amount of Grassroots Energy and these four special elections really are not a harbinger of things to come. Neil youre right about the Grassroots Energy. But are you surprised there was plenty of grass roots energy, more than on democratic side. That surprised a lot. Noelle has a good point. We cant just resist trump. It is incumbent for democrats to put forward a bold vision and speak against power. Not struggling to raise money, our most progressive members. Neil you want to go that route. Know well, that is the way the democrats go, more Bernie Sanders type candidates than middle of the road moderate candidates like jon ossoff stride to appeal to sam nunn, pragmatic approach. How does a republican feel . That is downer. More extreme left, you will see downward spiral of the party in itself. Look youve got people even running, the guy running, cunningham, in south carolina, the democrat running against mark sanford, his message is, if you elect me im going to not vote for pelosi as speaker. So even got back on pelosi and messaging. You have democrats running for office saying if theyre elected theyre not going to vote for pelosi. Neil very, very quickly on that, sarah, if theyre using nancy pelosi to get the out the vote on the other side, maybe get her out. Yeah,. Neil sarah, what do you think of that . Get rid of her, she is dragging people down, using her image in ads ands are . Republicans demonizing successful woman on the left is nothing new. Neil it worked right . It turned elections. Democrats are. Definitely need to make sure that committed to a bold Economic Vision and willing to challenge power in this election. Neil ladies, thank you both very much. You were in agreement on some things. I think we started something here. Take a peek at the dow up 20 points. Turned positive as soon as we got the release of the Senate Health care plan even though being criticized by a lot of conservatives within the Republican Party. That other part is more predictable but here is something i noticed. As soon as the word came out, Health Insurers started doing well. Insurers in general started doing well. I u eyre happy. These guys could turn me down for coverage and or make me pay more for my coverage and theyre happy. That doesnt make me happy. 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So, again, the implications of that on passage, once you get below 52 votes and 52 republicans, not a single democrat expected to vote for this. If you rely on the 52 republicans, and three are not, youre at 49. Relying on a tie, bestcase scenario. It could be slipping away unless changes are made to satisfy those guys. If you satisfy those guys, you get done serve tiff guys back in the house, it goes back if it is approved in the flat on that. Suffice it to say, Health Care Stocks are rallying on the senate plan because it removes onerous burdens on them were told. But that is in the eye of the beholder. Nicole petallides with market fallout at new york stock exchange. Hey, nicole. Hey, neil cavuto. Markets reacting. President trump making somewhat after plea to get a few dems on board. Mitch mcconnell says how will we get the 50 . They come out with the plan. Complete reversal in the market. Stocks had been down, moved to the highs of the day. The move was 50point move you can see on the chart from negative to positive territory, about 52 points or some this Group Overall which had been leading throughout the day moved to the top spot, names like aetna and cigna up over 1 as united health. This bill, not only has tax credits which might come under scrutiny but phasing out expansion of the Medicaid Program as well as requirement that most americans pay the penalty if they dont have insurance. Health insurers are doing well. Hospitals, hca, for example, up about 3. 7 . Look at tenet healthcare. If you looked at these charts its a direct correlation when this news came out, trying to push this through, gop would love to see this next week being something happen next week, have it happen certainly well before the august recess. This is front and center. They are trying to garner this support. Now everybody will look it over with a finetooth comb, but it really gave a boost to the market and Health Care Group as well. I will say one last thing, this comes from our Senior Editor Charlie Brady who really does great stuff crunching these numbers, health care, 15 1 2 , the Number One Group as a sector since President Trump took office, took office, yes, followed by technology, utilities, then the s p 500. So this group really doing well under President Trump. Neil . Neil all right. Nicole thank you, very, very much. Nicole petallides. The concern right now, were hearing this from a number of folks here, 50 votes at least in the senate are not there, but it is still early. Things could change, often do change. Remember in the rework in the house after failed first effort, they did find the votes. Remember the big celebration and white house on the south lawn after that, in the rose garden, the same measure donald trump later said was mean. He likes this measure a lot better. He was he briefed on it. Thinks it is a winnable one and doable one, but not to every member of the United States senate. The fact of the matter this will rely on republican support only but reality is here they did not normally repeal obamacare. They repealed a lot of features of it. Irony ultimately might be, since basic law of coverage intact for those with preexisting conditions, keeping kids on policy longer, et cetera, would they have been wiser in retrospect to make assurance to democrats, to win their votes well not get rid of this whole thing but we are going to fix it . Now theyre in a pickle here. Of this got to rely on republican votes because they do not have a single democratic one. Well have more after this. Can i give it to you straight . That Airline Credit card you have. It could be better. Its time to shake things up. With the capital one venture card, you get double miles on everything you buy, not just airline purchases. Seriously, think of all the things you buy. Great. Is this why you asked me to coffee . Well yeah. But also to catchup. Whats in your wallet . Gave us the power to turn this enemy into an ally . Microsoft and its partners are using smart traps to capture mosquitoes and sequence their dna to fight disease. There are over 100 million pieces of dna in every sample. With the microsoft cloud, we can analyze the data faster than ever before. If we can detect new viruses before they spread, we may someday prevent outbreaks before they begin. Neil all right. Were monitoring chuck schumer, democratic leader of the senate ripping this Senate Rework of the house rework of house health care. Not a fan of it at all. Particularly critical of secretness of this process, sort of like me telling you to eat a salad. Democrats critical of clandestine meetings behind closed doors. That is exactly what they were doing when they had control of this. Each party plays, plays this. Were monitoring it. What he is saying dont count on a single democratic vote which is foregone conclusion here. All right signs that republicans could lose at least three votes in the senate which means this could go nowhere fast in the senate. That could change. Assurances are made to win over those leery either side. Well keep an eye on that. Health care stocks jumping on this, our dow would be negative. Our Charlie Brady charts all of this stuff in fact scary so because he is a little bit too smart. We heard nicole talks about how this accounts, Health Related stocks account for 15 1 2 of activity and robust growth. It is 15. 25, whatever. But the bottom line if not for these issues doing well the dow would be down. Weve still got another three hours to go. Got making money host Charles Payne here. Charles and i were talking during the break, had republicans said in order to bring more democrats on board, not rely specifically on republicans, we werent going to repeal it, since that was you such a semantic mountain to climb, what they have done, they havent repealed obamacare, they dramatically changed it, funding for it. But they could have had more democratic support. They might get it, doubtful, had they agreed to that . I agree. Felt like at one point, this was still in the house and a lot of anxiety and handwringing, President Trump even alluded to the fact, we could cobble something together. Neil right, right. That would get enough moderate republicans, tuesday group and so forth, get enough democrats to make this work. In other words, you guys go in the corner hash out your problems, but understand neil stuck in his position. Democrats loathe to even hint of repeal and republicans loathe to even drop the repeal thing. Right. Neil what is left in the end a different measure all together but not a repeal measure. Good news everyone on both sides of the aisle agree it needs work. It is not hard to acknowledge the headlines. It is imploding. It really is, like watching one of those skyscrapers, charging you watch it in slow motion, imploding every single day. Dust and debris is coming in our faces. They all have to acknowledge as much. The problem with this though, neil, to be quite frank with you, in my mind, when the Republican Party accepted like the democratic party, that Big Government should be involved in Health Care Insurance in the first place. That is the root of all of this. Once you have accepted that, once you said yes, we live in a paternal listic society and federal government in in chargef 1 6 of economy and health care. Neil make no mistake about it. Youre so right. What were arguing about is the degree the government should be involved. Make no mistake the government is involved. You like that, great. You dont like that, not so great. Once youre involved, then a lot of things matter beyond dollars and cents. That is where were coming into some of these issues. It is hard to see how they get around those issues like now. It really, really is, particularly when comes to medicaid. We have longer phaseout period. If youre one of these governors, some of these states, ohio, a red state, 682,000 under obamacare expansion, pennsylvania now, considered perhaps a red state, 702,000, michigan, 637,000, kentucky, 443,000, indiana, 383,000, millions of people who voted for President Trump, either they or someone in their families may be at risk of not having the same sort of guaranteed Health Care Insurance, via medicare, that they already enjoy. Neil if you go back in time, charles, think about how it started out to address nearly 30 million americans who didnt have health care, right . Why couldnt we concentrate on that, than upending for 300 million who did . Because they had to pay for it. It was a wealth transfer. Neil you know what im saying . There could have been a simpler, better way to incentivize this, but instilled, it was turned upside down for everyone. Republican plan is not dramatically different in that regard. Former president obama took a problem, took advantage of a problem to your point to go further and further husband own personal political agenda. That is truly is Big Government being in charge of everything. Ultimately they would have wanted singlepayer. They couldnt quite get that. He had to do a little horse trading in the final moments. The fact of the matter, youre right, a sliver of society could have been some elegant solution provided to them, didnt force people with Health Care Insurance to lose it, lose their doctors. Didnt force Small Businesses to stop hiring. That didnt curb the growth of our economy. They didnt have to go that far. Neil the difference here, were leaving it in states hands, versus the federal governments hands, for the most part, is that automatically better . Well, states know how to handle, i think there will be more with the money. Neil depends on money. Depends on the governor. If you get certain amount of money, i dont know if there will be a flu epidemic or zika outbreak. I just dont know, but if something comes up short my political career is over. Neil thank you very much. The Congressional Budget Office will score this. A look at ramifications of this over next 10 years. That is due out early next week. Early reports would be monday morning. Hard to say, would be relatively quick turnaround. Mitch mcconnell wants this done and voted on before the july 4th recess. That might be wishful thinking, everything hinges on this, tax cut thing and everything else. Mitch mcconnell just heard at least three of his own members dont like this. Rand paul among them. Rand paul my special guest at 4 00 p. M. To say why he exactly doesnt like this. There are problems on the home front. Right now the measure is out and the debate is on. Well have more after this. Welcome to holiday inn whether for big meetings or little getaways, there are always smiles ahead at holiday inn. Here comes the fun with seadoo starting at just 5,299 and up to 500 rebate visit seadoo. Com today neil you heard democratic criticism of this measure. Nancy pelosi saying there was no way you could find out what was in the world, words to that effect. Im thinking wasnt that the same issue with you . Anyway, it is what it is. Now republicans who are balking about this. At least three senators were told are not really fans of this, who will not vote for it in its present form. Which means with 52 in the senate, that is republicans, they wouldnt have the votes to get this through, even in tiebreaker situation on the part of Vice President pence. Where do we go from here . What is causing all the fuss . Gerri willis is digging into this. What can you tell us . Thats right. A look at the senate draft proposal to Reform Health care, i got toll you it moves to the left of the house bill, no doubt about it. It is more moderate. First off, some things we expected individual and corporate coverage mandates are gone just as in the house bill. But unlike the house bill, the senate bill would roll away 20 obama care taxes, lone exception being cadillac tax which wouldnt go into effect until 2026. The medicare payroll tax and Investment Income tax go away. Big changes for medicaid, here is how it would work. Watch for a phasing down of the medicaid expansion, created by obamacare, though not as quickly as the house. Funding for the expansion phases out between 2020 and 2024, while the house version of the bill cut funds for new beneficiaries in 2020. Now the bill would give more assistance to low income people in states that did not expand medicaid but it would reduce assistance to people with higher income. Instead of allowing people earning 400 of the poverty line to get subsidies, now tax credits, it would reduce that ceiling to 350 . Tax credits will be based on income and age, rather than just age as in the house version. Also medicaid spending overall will be reduced. In the Senate Version of the bill, block grants to states would grow more slowly after 2025 than under the house bill. One big concern weve talked about on this show, preexisting conditions. In the house bill, insurers waiver states based on preexisting conditions, the senate bill, prohibits insurers from increasing premiums on preexisting conditions. Highly technical. A lot going on. Neil . Neil Senate Measure has stipulation cant charge more for preexisting conditions even in the Affordable Care act, there was understanding that such coverage would be more expensive, especially if you let it lapse. That is even more liberal than the obamacare plan. They have money in the bill for that. And opening paragraphs of the bill they talk about additional money. To back that up, to help out with that situation. But, you know, as you said, we have three senators now saying they dont even want this by we dont know what will be the state of this legislation anyway. Neil still early as you say. Gerri, thank you very, very much. Gerri willis. We always lay this because it is part of a very big series of events that have to go republicans way. They need this donald approved before they get to tax cuts. Tax reform and all people putting this stuff together, theyre watching this very closely. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov usaa gives me the and the security just like the marines did. The process through usaa is so effortless, that you feel like youre a part of the family. I love that i can pass the membership to my children. Were the williams family, and were usaa members for life. Neil all right. Today were focused on health care. What about the taste . Well, President Trump says he has no idea, quoting here, with all of the recently reported electronics surveillance, unmasking and legally leaking of information i have no idea if there are tapes of recordings of my conversations with james comey, but i did not make and do not have any such recordings. Thats what the president is saying. Charlie gasparino, he started this whole debate by saying james comey better hope that there arent tapes; right . Yeah. I mean, you know, the conspiracyial mind of mine said he should have destroyed the tapes. Neil or maybe he never did. Or maybe hes blowing smoke, like he likes to do. Im worried about the economy. Im worried about the markets. If you are worried about the economy and the markets, and a lot of that is predicated on some of the discussions that are going on right now about with paul ryan and the house leadership and the senate, this just distracts because there is movement in, you know, weve been doing reporting on this, and there is movement on capitol hill about this. On one hand, you have a revolt of house members against the border adjustment tax. They will not vote for a tax bill. Neil the tax deal. Yeah. They will not vote for a tax deal. Neil by the way, that is far more into the markets than this health care thing. And far more important than these tweets. These are insane. Theyre taking off distracting him from pushing through this neil although, if he could put it to bed that there are no tapes, then he could stop. Did you actually think there were tapes . Neil im now interested in whats happening to these taxes. And what we have now, and this is a net positive for the plan and a net positive for the market, we have kevin brady, to some extend, paul ryan to some extent, softening under advocacy for the border adjustment tax, theyre thinking of other ways to raise revenues. Neil brady was the first to give up. We dont know if apparently it started with him. Listen, i think he theoretical supports this, but i think hes looking at it from the political reality. Thats not going to get through. So what we have today is a meeting in capitol hill with steve mnuchin, gary cohn, warren hatch to discuss these issues. The border adjustment tax is that conservatives hate it. House Freedom Caucus will vote against it. Neil its going to be a mute point if they cant get the health care thing through. Like they dont have a vote. Its a mess right now. But, you know, listen, i think this is ill tell you this. A lot of investors are telling me, and this is why theyre buying the market. You know, the market should be off more if you think none of this is going to happen. Neil this is largely health carerelated. Right. What theyre saying is republicans could get crushed in 2018. They barely win all of these contested seats, including the georgia one, and they have to do something with taxes and health care. If they dont, its imperative that their backs are against the wall, and then theyll probably do something. Neil yeah, but at what point are you hearing theyre saying right now fly senators saying they dont like this. You know, weve got to get this right, or theyre arguing about the time to do it right. And then lets go on to taxes, which gives us much broader agreement, and that might be wrong too, by the way. I dont know. You and i argued forever that they should have done taxes first and worried about this later, and i think maybe thats the most efficient way to get an economic stimulus plan on the table. Listen, unemployments at 4. 7 . Just checked it. But guess what . The underemployment and people dropping out of the workforce, still have lousy wage growth. Still have pretty tepid Economic Growth in order to pay back the debt, you need Something Like 3 growth; right . To start paying stuff back. Were not even there yet. I mean, theres a real imperative. Well, on the tax thing, let me ask you. Is it your thought that that speaker ryan needs tax reform, not just lower taxes. But nothing works like permanent lower taxes as if theres any such thing. Thats an uphill climb. Yeah. I dont know what his game plan is. But maybe its to ask for the whole loaf and settle for the but i can tell you when i talk to investors, when i talk to business people, like, people who run big companies, whats at the top of their list . Bring down the Corporate Tax rate so we can start putting our money to work here as opposed to overseas. Neil right. Get the economy moving through less regulations. These are all things you can do, minus, you know, the world changing tax reform. Neil and on this, there tends to be more bipartisan agreement than there would be the case certainly with health care. Is there any disagreement on the Corporate Tax rate being lower than it is at 35 . Barack obama wanted to lead the charge on that. Yeah. But he was looking for other things too. But think about it. Theres broad agreement. Even democrats you can peel off. And, you know, i was at a dinner last night with rick scott, who i think is a brilliant guy. The governor of neil florida. Florida. And, you know, and was with a lot of conservatives and people talked to the white house. And even some democrats who are, like, take down the Corporate Tax rate now. Youve got an agreement. Settle for that, and then move on to the next one and to the next one and to the next one. Neil all right, buddy, thank you very much for coming by. Charlie gasparino always breaking news. You heard that the senate reveals the Health Care Plan. So far, its not popular with all of republicans, including three of whom rand paul likely one of them says they cant vote for it. I dont know whether senator mike is among that group, hes republican or the beautiful state of south dakota. Senator, you heard about three of your colleagues not keen on it. Wont vote for it, which means that it could potentially be dead coming out the gate. Do you agree with that . Well, i think i look at it in terms of what it means for south dakota, and i like the beginnings of it. We can make it better. We ought to try to make it better. But, look, im going to have 13,000 more people that cant get Health Insurance in south dakota right now with help under this plan that didnt have it before. 77,000 people with individual Health Care Markets in south dakota that are going to have more options under this plan right now. So in the beginning, i think were moving in the right direction. We can make it better by strengthening the ability for group Health Markets to stay strong and to invite more people in. The tax credits that we make available to individual Health Care Markets, its not available under obamacare. I think we strengthen our plan if we can make it available to individual independents who would be able to buy group Health Insurance as well. I think were moving in the right direction. Neil yeah, you know, whatever you make to one, obviously, senator, it sticks off to someone else. So efforts to accommodate moderates and conservatives get upset. I think the conservatives in the house who caught a wince at President Trump calling their effort mean. I guess the senate effort is less mean. Is it less mean . Yes, it is and, in fact, weve done the bast we can to transition through out of obamacare, and i call it an obamacare hangover that weve got right now. There is a cost in eliminating obamacare over a period of time. But if we dont offer help to individuals who are suffering through what obamacare has placed on them, then they would have to bear the high premiums themselves. If we dont do anything, next year in south dakota, the premiums are going to go up 40 in the individual market. That is not sustainable. Theyve gone up 124 since 2013 already. So weve got to do something and in this particular place, offer more people the opportunity to buy insurance and reducing the cost of insurance by reducing those taxes that get passed on to those consumers. Thats the step in the right direction. Im trying to get a sense, though, though, that health carerelated stocks insurers are all doing well, senator, that theyre obviously convinced that this is better for them than, for example, Affordable Care act. I dont know about you when i see Health Insurers happy, a lot of people covering this or raising premiums for that and maybe for shouldnt i be worried . I think wee have actually provided protections within the existing bill. Some things that we all want. Guaranteed new renewability, we didnt change anything with regard to preexisting conditions at this time. I think we should make changes there. Weve actually provided an opportunity on a state by state basis to allow for a Reinsurance Market to take care of those individuals with the highest cost that actually increase neil but the Insurance Companies under your measure would not be would not be allowed to raise premiums for that group; right . So how would that go down . In other words, if you have a preexisting condition, Insurance Company cant charge more for that person unless i guess the coverage lapses. Then how do you build the cost into that . Well, im not quite i think we might be talking about two different things. But with regard to individuals that are high risk right now neil theyre in half high risk pool. Yeah. Or in this particular case, theyre being covered under an individual market. That drives up the price for everybody in the individual market. What were trying to say is lets identify those individuals through the invisible pool or through a separate pool, allow us to spread that risk over everybody, including all the markets as well with federal assistance. Thats built into this particular bill right now. So that allows the premiums to actually recognize the highest risk individuals being pulled out. That is a positive step. Thats the way a lot of states did it before obamacare came in and messed up the insurance market. Neil do you still see a vote as Mitch Mcconnell said before the july 4th recess . Ill leave that up to leadership. What i tell people is, look, heres the real deal. I think we have a vote when we get 50 people agreeing that were moving in the right direction and the Vice President is in town. Neil all right. We shall see. Senator, thank you. Thank you. Neil senator rand paul, though, not among those who like this. In fact, two others of that mindset here. Why he feels this way . And why he thinks senators didnt deliver the goods. And why he is not going to deliver his vote at 4 00 p. M. Eastern time on your world on fox news. Meanwhile, President Trump wrapping up a meeting with Technology Leaders at the white house. All of this of course arranged before we had known that this was going to be the moment that the senate would announced its drafted health plan, but it has. Nasdaq Vice President just leaving the white house. Nelson, good to have you. Welcome. Good to be here, neil. Thanks for having me. Neil i imagine this did coming up at the meeting . It came up briefly, but it was a small comment with a much larger conversation on technology and innovation. Neil all right. Some of the ceos earlier this week, the president of course had been talking about how maybe their brain power can come up with something that makes the government as efficient, lets say as amazon. But having said that, im wondering as someone who steps back and looks at the market, the markets are up, and they turned around on news of this Health Care Measure that the state has come up with. The devils in the details and obviously theres a lot of, you know, gremlins getting this approved. But is it your sense that markets can restore their upward trajectory and continue it with this approved and done leading the way to tax cuts approved and done . How important, in other words, is all of this to the markets . Yeah. Well, great question. Its very important. I think the market is very focused on tax reform. If you talk to most ceos throughout the country, the ceos in the room today, theyre very focused on tax rate tax and regulation. So knowing that the health care, moving on the Health Care Reform will also lead to potentially tax reform, it makes it very important for the markets. Neil would it make a difference to you if it was broken up . One of the ideas being that it brought excessive lowering Corporate Taxes. Individual taxes are dicier matter or one that finding broad agreement has apparently proven tough, even among republicans. Would it make a difference to you, either in your individual taxpayer whether it was done that way . In other words, Corporate Tax cuts first wrestled with the individual rate issues next year . Yeah. I think people the tax code and lowering taxes. So any path that we get there, it is not acomprehensive. Obviously, the markets would have to digest that and what that means to longer term tax reform. I think now what were looking for some direction that the tax reform will happen in some stage. All right. Im sure for your workers, you have very, very Generous Health Care Coverage in prior incarnations of Health Care Reform, that kind of coverage, cadillac plan as theyre known. There would be tax on them. We dont know whether the senate ultimately will come up with that. But how do you feel about that . If you have a generous Health Care Plan beyond whether youre part of the Affordable Care act or whatever, republicans come up with that you should pay taxes on that. Well, i think a result in more costs for the corporations; right . And i think thats what weve talked a bit today. How do you make sure that the environment for corporations to invest and hire employees to invest in research and development, and quite frankly, the innovation is critical. So i think you know, more taxes coming to individuals through health care would likely be passed on to the corporations, and that might not necessarily be a good thing for corporate growth. Neil i would be remised if i didnt mention firing your index, which has been on towards growth here. And a lot of it by some of the big names. You have amazon doing very well. Weve seen obviously whats happened with that and facebook. But some of the Technology Chiefs that have been just off the charts. Some people say that it centered only a few of them and that if they reverse, then all hell could break loose. What do you think . Well, were certainly proud to have the top five Largest Technology companies in the world on that. And they are very much the leaders in terms of of the market today. But the First Quarter actually Revenue Growth for all of technology over 83 of companies did report strong Revenue Growth. So i think youre seeing a broad base technology rally here. But, again, you have your leadership. But you do have a lot of companies that are participating now. Neil all right. Very good having you, nelson. Great to be here. Neil all right. Be well. Thanks. Neil all right. Nancy pelosi is under enormous pressure to go. A lot of democrats are saying, you know, she was a great speaker, great leader. But enough already. Lets just move on to a new generation. But donald trump surprised a lot of folks yesterday saying no. No. No. Keep her. Shes good for us, quoting the president of the United States. The battle back and forth as to whether shes worth the trouble. Donald trump says for republicans, yeah. She is. Deartheres no other way to say this. Its over. Ive found a permanent escape from monotony. Together, we are perfectly balanced. Our senses awake. Our hearts racing as one. I know this is sudden, but they say. If you love something set it free. See you around, giulia looking from a fresh perspective can make all the difference. 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And a new culture built around customer service. It all adds up to our most Reliable Network ever. One that keeps you connected to what matters most. Neil all right. Remember when donald trump said james comey better hope there are not tapes of any of the conversations. Turns out, there are no tapes of the conversations. President trump just tweeting about the matter. Blake burman has the latest. Blake, what can you tell us . Hi, there, neil, and first, lets start off with that very tweet that the president put out probably about 20, 25 minutes ago or so. And it says the following, and i quote here from President Trumps twitter. Feed. With all of the surveillance, intercepts, unmasking, and leaking of illegal information, i have no idea whether there are tapes or recordings of my conversations with james comey. But i did not make and do not have any such recording. So you have a couple things going on here, neil, within that one very tweet. First, the president saying he doesnt know if there are any other recordings out there from anybody else. But as it relates to himself, he says that there are no such recordings. He did not make any. He does not have any. This was all started back as you know on may 12th, so about six or seven or so weeks ago. A few days after he had fired the fbi director jim comey in which he sent out in a tweet saying that jim comey better not hope there are tapes of our conversations before he starts leaking to the press. That led to weeks and weeks and weeks of questions as to whether or not indeed the president had any tapes on comey. Now the president says that did not that does not exist, at least as far as he knows. Did not happen. What we know, neil, that the president , at least according to the testimony of jim comey had roughly nine different interactions with jim comey both in person and on the phone. Here at the white house, it is believed that there were a couple interactions, one being in the oval office, and another one in which the two shared a private dinner here. Both of those taking place within the first month or so of the president being here in office. I should note, neil, that right now, the White House Press briefing should be underway. It is 1 21. It was scheduled for 1 00 every day that the sun will rise, and on most days you can bet it will be delayed. This is for one of those days for both. We dont know if that has anything to do with the president s tweet. If the white house may be formulating such a response. I would also know that the white house up until this point has put everything onto Mark Kasowitz the president s personal attorney on russia. And this tweet seems to be buttoned up. Dont know if it was written by the president himself or his legal team. Neil this briefing, its an audioonly briefing; right . Audio only and on the record. That this wont be on camera. We will just have the audio, so check your inbox, neil, for some headlines. Neil right. Right. All right. Thank you very much, blake burman. Meanwhile, nancy pelosi wrapped up a brief presser outside the capitol here with the sympathetic congressman who is that whats happening right now and with this Health Care Measure senate come up right now. You know, to the system. And that something that the democrats cannot tolerate and will not tolerate and its going away very fast. It looks like. Okay. Anyway, democrats separately are pressuring nancy pelosi her views not withstanding to maybe assess sort of what happened in these crucial raises this week and give it a rest. Can the democrats win back the house with nancy pelosi scheduled to be speaker . Yes or no . I think it will be very hard, sam. I just you know, we can do it because its donald trump. But i mean, you think what if it was john kasich . What if it was marco rubio . I mean, we would be in real trouble right now. Nancy pelosi was a great speaker. She is a great leader. But her time has come and gone. Neil her time and come and gone. Thats from a democrat. Hardly a brush fire here that started. But there are a number who have not gone out on a limb like this. The editor, molly, where is this going . Not the first time she has encountered bitterness on the part of democrats who wonder they have a midterm fail or special election fail be they finger her. But what do you think . Yeah. When you lose a race where you had 31 million and fawning Media Coverage, and you had the enthusiasm of your base, its bound to provoke some insight. And pelosi has had a pretty bad record here. Shes overseeing the worst loss of seats by any major party since world war ii. If you believe what the media say about the current political environment, these four special races should have been easy pickups. Shes a liberal, san francisco. At the same time, i actually think its a little bit unfair the problem with democrats, i dont think, is nancy pelosi, but rather their own message. Partly that they focus on their hatred of trump. But also, they have an agenda thats extreme. Abortion on demand, immigration, wealth transferred through other countries through Climate Change proposals, rewriting laws to accommodate people who believe theyre a different sex than they are. I mean, this is pretty extreme stuff, and i dont think thats all Nancy Pelosis fault. Neil well, you would be surprised to know that you are kind of on the same page of Michael Moore who tweeted if you think the party is won the vote of six of the last president ial votes but hold zero power and now 04 in 2017 votes, its going to win next year. Get a freaking clue. The dnc has no idea how to win because they have no message, no plan, no leaders with no fight, and hate the resistance. What do you think of that . Well, again, i would say they do have a message. It is a message that is very liberal and very much out of touch with most americans. At the same time, you know, the country has they have had success i think in getting the country to be more liberal. But they dont have a message for the working man. And this is something that the Republican Party didnt have for a long time either. Theyre doing a little bit better job than the democrats right now. But you need to have a message for average americans, and it needs to be focused on the economy. And thats just something you know, higher taxes is not the most resonate message for average americans. No plan for Economic Growth, or no plan for people to be able to have income and support a family. Thats the kind of thing that democrats, you would think would be better at doing. And they havent been good at it for a while. Neil well, obviously its a push on the part of the progressives and the Bernie Sanders type to make a hard charge left. Forget that john ossoff, say what you will of him in that georgia district, as a moderate, middle of the roader against more spending and made this a much more competitive seat than would have been the case certainly even a few months ago. So i guess what im wondering about, i know a loss is a loss is a loss. I get that. But in all of these contests, these special elections, i mean, there were incredible advances on the part of democrats beyond what would have been expected. But what i wonder why the progressives misconstrue that message. Right. I dont think republicans should take comfort because they have made serious gains. At the same time, the democrats had unbelievable advantages that they werent able to capitalize on. Whether thats the money that they had or, again, the fawning Media Coverage that neil absolutely. Ossoff didnt even do what Hillary Clinton did, and he couldnt have more favorable metrics going into it. So its a mixed bag it will be hard to it will be hard to know without heading into the midterm. But both parties probably have a lot that they can learn. Neil one quick thing that i did know, maybe you could educate me here, molly. More democratic voters did come out. There was a lot of passion on their side. What was surprising is there was a lot of passion on the republican side. A lot of their voters came out as well. Well, once again, people are not in touch with the average republican voter. And part of the attention that was given to that race alerted republicans to the fact that they had a choice before them whether to let a democrat take this seat or to pick someone that would be a moderate in much in the main line of what they would find appropriate. And republicans tend to be quieter. Theyre not going to go out and protest. Theyre not going to wear hats and have extreme messages. But that doesnt mean theyre not passionate or caring about their country as well. And their voices are not well represented, but they do show up to vote. Neil they do indeed. Thank you very, very much. Thanks. Neil all right. Out there, stocks continue to surge. In fact, Health Care Stocks, the dow itself wouldnt be surging. Propping up the dow, propping update s p 500 beyond what would normally be the case here. But you do have to ask a question. Theyre fine. Are you fine . Horseheadswivellychair. Com it could be the next big thing i should totally get that domain name. Get your great idea online too. Get your domain today, and get. A free trial of gocentral from godaddy here comes the fun with seadoo seadoo has the most affordable watercraft on the market starting at just 5,299 and up to 500 rebate visit seadoo. Com today will you be ready when the moment turns romantic . Cialis for daily use treats ed and the urinary symptoms of bph. Tell your doctor about your medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis. Neil a lot of people say in the end, you came out with a lighter version of obamacare, that you could have had a lot more democratic support on this, and this quest to keep republicans in line may not be necessary. What do you think . Words matter. But here are the words that matter the most. The individual and the employer mandate is gone. When you no longer are compelled to buy something, democrats in large numbers flock in the direction. We are restoring the decisionmaking to the household, to the individual. Neil all right. That is senator tim scotts hope. This is my criticism from at least three of his colleagues in the Republican Party that theyont likit. And that this particular Health Care Measure doesnt do the job. Its a little too early to tell what effect this will have on the markets. Just the fact that the senate came out with this draft when did was enough to turn around a down day and thankseept a positive day, at least on matt, very good to have you. Is there a sense of just a release that the senate at least came up with something controversial as it is . Because now its game on . You know, its hard to say if its relief. You know, weve been through this before numerous times. I think were just happy that theyre reading through something before they pass it. You know, thats the important part. I would like it to not be bipartisan. And, you know, lets get this done. This is good for americans. People everywhere, maybe not this particular bill, but the bill in general needs to be passed. There has to be something that has to come ahead. And you see it the proof is in the putting. The the insurers have related, the biotechs have related, theyre showing that theyre okay with this plan. But is it okay for the American People . Neil yeah, thats the big question. Got a little nervous when my Health Insurer likes it. I dont know if thats a good for me. But, you know, i am curious that the markets have held up surprisingly well, even with the timeline for this Health Care Fix delay in the tax cut thing. Confident that it might be late on the stuff they want to see. But theyre still going to see it. Do i have that right . Or whats driving them . No. I think you do have that right. You know, we were expecting a lot in the first six months. We didnt get any of it. Now we have to go look a little further out and say you know what . We have a lot of balls in the area. If we can start catching one or two of these and putting them into play, this may be the start of it. Maybe we get this over with. Now we can focus on infrastructure and tax reform. But, you know, certainly right now, this market has been favorable for certain sectors. Were starting to see the rotation, maybe out of the some of more highflying names, some of the tech names, theyve kind of stalled out here a little bit and whats been the beneficiary have the the health care names, the biotechnical, theyve been quiet. A stealth rally from the beginning of the year. Now theyre starting to gain some publicity. And now people are really jumping onboard. Neil but youre right. I look at these earnings, but, you know, two consistent quarters now better than expected. In fact, off the charts for most of them better than expected. Almost a goldilocks environment of interest rates. A lot of people thought by this time we would be a lot higher rate wise than what we are. How much of a factor is that in keeping this bull market rally going . You know, thats a good question. Theres a lot that the feds going to have to deal with in the very near future. Were now talking about slowing growth. Were talking about maybe not having three or four rate hikes this year. We can start to unwind, you know, some of the feds actions overweight last few years. Thats going to play a major factor in it. So there is a little bit of uncertainty. But right now, the market seems to focus on fundamentals of companies, which is really good. I would rather see that. I would rather see us focusing on stuff that we can understand. That we can manage, as opposed to stuff that were not going to be able to get done or manage, or were going to have all of this fighting done in dc. This is stuff that we can control. We understand, and the market is definitely, you know, grinding higher on this. Neil yeah, what if the tax cuts dont happen . What if the Health Care Fix doesnt happen . In other words, hope and wishes you might. It doesnt materialize. Well, you know, i mean, were not going to get a Perfect World here; right . Its going to were going to be unhappy someones going to be unhappy with everything thats going to be passed here. I hope its not just a democrat republican thing. I hope we can get beyond that. But it doesnt look like, at least for the time being. Are we going to get it all passed in the next two years . You know, tax reform is a major hurdle, you know . Its not just to say were going to have a 15 flat tax rate, and thats how were going to go. Theres a lot to do in there. So weve got to take these little, small gains that were getting down in dc, and really ride them. And thats what this markets been doing. So, you know, its telling us right now that thats what were hoping for. And thats what were getting. So we take these small with, little wins, and keep continuing to ride them to alltime highs. Neil matt, real quickly. If you got just Corporate Tax relief, complicated enough the delay substantially, how would you feel about that . How would you think the markets would feel about it . Well, i think as a trader, you know, the Corporate Tax part of it is probably more important because thats what were focused on. Thats what were buying into right down here on the equity side of it. You know, from the personal side of it, thats when we get to spending. Maybe we can see this economy really ramp up. So, you know, its interesting. I think its parcel. I think both vop at once. So you could see a sell off on that. Neil well put. Thank you very much. Sure. Neil all right. Theyre focusing on something politicians cannot control. Mother nature, that deadly Tropical Storm that has been hitting the gulf coast. It aint going away. And the heat wave in the southwest. That aint going away either. Stick around. Neil all right. Ever since georgia sixth district lost that looked like he had a chance, especially with 30 million in hand to take that seat, a growing course call for the party to rally around maybe different leaders, a different style. Whether nancy pelosi is a target of that. Ions, congressman joe is the House Democratic caucus chairman. Congressman, very good to have you. Thank you, neil. Always great to be with you. Neil do you share that view, sir . Or are they just piling on . Well, i think after a loss, any type of loss, were very competitive people. And nancy pelosi is one of the greatest competitors in the history of our country, politically. We all wanted to win on tuesday. But i also think we have to look at the positive aspects here that we made incredible advancements. Not only in georgia six, but south carolina, the race in kansas as well as in montana. And we really dug so deeply into what was republican territory, especially here in georgia six. Newt gingrichs old seat to repeatedly lose the seat by 20 plus points and within four points, i think it was quite an astonishing feet. Neil no, youre right about that in all four of those races. Came a lot closer than certainly Democratic Candidates did last fall. Having said that, chairman, the one thing that comes up is whether it is a time for a guard, for is no other reason than to build on that. That may be younger faces. Im always leery of saying that because the older i get, the less i like younger faces. But what do you make of that . Being 55 now, i dont know where i stand in that territory. Neil youre a kid. A cusp of one or the other. But i think that nancy pelosi is one of the smartest, and i think hardestworking members here on the hill. I think back in the day of the roman empire, she would be the most furious neil back in the roman entire days, they didnt have attack ads that featured you as the galvanizing point for the opposition; right . Well, thats true. I think also the demonization of political leaders near here in the country. I think both parties are to some agree i shouldnt say party, entities out there, ever since the Citizens Union case, a lot of money has come in from outside forces demonized our political leaders on both sides of the aisle. And, neil, i think we also have to point to that horrific and terrible ad that pertained to the shooting last week in alexandria and the shooting of my friend and colleague steve scalise, as well as others and the men and women from the capitol police. So that ad was atrocious. It was horrific, horrible ad, and i think it may have been effective as well in moving votes the that otherwise neil you think that actually from what i saw, the ad was blaming the far left and the extreme left and vote for john ossoff was a vote to enable them. And clearly, thats not nancy pelosi. Thats not joe crowley, and i think neil i think there are other issues. But that could be among them. You could be right. But, chairman, on the health care thing out today, of course Nancy Pelosis criticized, im sure mercury colleagues you yourself out this effort. Do you think that its easy to play monday morning or in this case thursday morning quarterback had republicans agreed not to repeal the Affordable Care act but to dramatically fix it . Because in the end, even cynical republicans are saying this is not a repeal of obamacare. This is a heavy rework. But administer saying not even a heavy rework. And had they done that and acknowledged that there might have been more democratic votes for this because certainly in the senate. Neil because the reality is it has not been repealed and that democrats can still about having the government deeply involved in health care. What do you think . Well, i think it may not be completely repealed. But severely damaged. I think the estimate were still waiting to hear from the estimate from the cbo is. But were hearing at least 10 Million People if not more who have insurance will not have it over the next ten years. So i think its fair to say that what republicans have done, the senate has completely broken down. To what the history of the senate, much more bipartisan. And i think, neil, its because the focus here is not to have a policy or a policy victory. Its about having a political victory. Getting something passed before the july 4th break or neil but theyre saying the same about you democrats. So back to your idea that the ill will on each side and maybe toning that down and to your credit, you have tried to do that with little success. I guess im wondering, like, is anything going to change . The shooting last week and all of these other developments. I dont see that change on either side. But to one point, though, that will control the house, the senate, and the presidency. If they want to include us in terms of working on the issue of health care, we stand ready prepared to do that. But they havent made that. Not only in the house where we didnt really expect it as much, but i do think theres much more camaraderie here. But theres concern about our fellow lawmakers, our friends. Someone who i care about tremendously. Republican from pennsylvania. I can name dozens of others that he just comes to mind. Steve scalise. You know, we wish them no ill will physically in any way, shape, or form. We just disagree on policy, and we have vigorous debate. And sometimes, that goes too far. But i would all suggest, neil, that the country starts at the top. It starts with the president. And i think if he starts to show more concealtory tone in a bipartisan way, were here to partner with that. But if we continue to feel as though hes attacking our constituencies as a person of way, he makes it very difficult to work with him. Neil you should hear what he says about you. Oh, i know what he says. Im waiting for my nickname. Neil chairman, thank you very, very much. Very good having you. Good to be with you. Neil as a chairman, i was speaking here just a reminder that senator rand paul has announced that he and a couple other gop senators now oppose this health care draft cobbled together in the senate. That means it is very likely not going to pass the senate, certainly as is with those numbers. The senate will be joining me at 4 00 p. M. Eastern time on fox news to give us his reasons why. Stick around Trump Obamacare is a disaster. Its dead. Totally dead, and were putting in a plan today thats going to be negotiated. We would love to have some democrat support, but theyre obstructionists. Theyll never support. Neil all right. Negotiations underway. But now that we heard that rand paul is saying he and at least a couple other senators are not going to support this are, then it would appear that this injunction is dead on rival. Neil, so great to see you. Thank you for having me back in your precious studio. Neil my media layer. Whats happening to this if rand paul and others are opting out. Where do you see this going . Theres no real Republican Party anymore. Theres no republican center, you know . Youve got moderates who have drifted pretty far let of. These are becoming big spending status. And then you have people who are more conservative, even the libertarianleaning senators are considered conservative because they want to cut costs. They dont think that this should be the function of government that government should be fighting all of these services and, you know, really, its a close facsimile of obamacare. Some people are calling it obamacare alike. A watered down version of essentially the same thing that has gotten us into a lot of economic and medical trouble. Neil so, in other words, a lighter version of this is still a government version of this. Yes. Neil and thats whats fixing a lot of the conservatives and the libertarians; right . Yeah. And i guess the problem, for me, is this sets us on a permanent path toward socialized medicine. And, you know, they talk a big game about free market solutions. Theyre really not in the bill when you have preexisting conditions covered very vaguely. Medicaid expansion and contraction seems like its only giving political cover. And then you have people under 26 who are considered children, somehow. Thats the new extended adolescence covered under their parents plan. Neil well, i know your girls are still very young. They buy their own insurance. Neil they do . They do. Neil theyre very young. They make iphones. And boarding school. Neil yes, exactly. Exactly. Do you get a sense, though, that its rush, rush, rush republicans . I can understand in terms of get this done, a lighter version, we can work it later, but we have to get the tax cuts through. And if we dont do this right and kennedy keeps whining about it on fox, were going to lose our one moment . They will. They will absolutely lose that one moment. And if they lose this battle, and they dont have a lot of time, and they dont have a lot of public support. Neil you can see the method to their madness; right . No, i understand exactly what theyre doing. Neil you just dont like it . I disagree with it. I fundamentally disagree with it, and i think one of the problems that people like rand paul have, but you have other senators like lisa and Susan Collins who dont want to defund planned parenthood, and they dont want to stay the medicaid contraction after 2019. Neil the tax cuts b youve been railing against this, would you regret that that stops that . I think there is a way of doing tax cuts without health care. I think health care is incredibly problematic for the economy. But well see. If they can do both, then they will politically be in great shape. Neil all right. I dont have tremendous say so. Neil no, you dont. You seem very cynical. Well,. Neil all right, kennedy. All right. Well have more after this here comes the fun with seadoo seadoo has the most affordable watercraft on the market starting at just 5,299 and up to 500 rebate visit seadoo. Com today neil why what is going on in the senate is about to change your expectations. Rand paul at 4 00 p. M. With me on your world. Now trish regan. Trish President Trump weighing in whether or not he taped his conversations with james comey. The republican plan to repeal and replace obamacare may already be in jeopardy. Were learning as you heard neil say, rand paul and three other republican senators will oppose the bill as written. Im trish regan, welcome to the intelligence report. President trump tweeting moment ago he did not tape his conversations but could someone else have . That is the big question. Senate republicans unveiling a Health Care Bill aimed at giving more power to americans, more power to individual states while lowering cost of health care for