President trump getting assassinated. The outrage coming up this morning. The gulf coast face it is fallout of Tropical Storm sendy, tornadoes slamming alabama leaving a path of destruction. Today marks a year since britains historic vote to leave the european union. British Prime Minister theresa may detailing plan for eu citizens to stay in the country after the exit and American Airlines not too happy with possible investment of Qatar Airways. Why american ceo is pushing back on that buy. Plus the big banks and what that means for President Trumps regulation plan. Markets look like this this friday morning. We are expecting markets to open mix. Nasdaq up 6 points this morning and in europe take a look at indices right now. As you see weakness across the board. Ftse down, almost half a percent. Cac quarante also weaker and dax down as well. Many asia markets closed like this. Best performer kospi and shanghai. All those stories coming up this morning and joining me to talk about it lee carter and david webb. Happy friday. Maria here we are on the day that we are expecting to hear more about the Healthcare Plan and we know right off the bat four senators pushing back, kevin. Kevin immediately, they wasted no time. He was on the floor and you even have senator ted cruz already has an amendment ready to go. So this is highlighting how divisive its going to be. I dont think this can be done before the july 4th holiday. Absolutely not just seeing the contention thats come from it immediately after its come out. Its surprising. They already have four senators going against it. Maria the message you criticized in the past lee carter, are they telling the story this time . Lee i dont think they are telling the story right. We were just looking at, david and i were looking at components of the bill and theres a lot of really positive things as its written even in summary but i dont think they are getting out there and telling the story. Democrats are coming out and attacking it for things that arent necessarily true. Preexisting conditions addressed in there, other things that are addressed in there that people are saying are not. So i think that the republicans really need to take control of the narrative and if there is going to be some fighting as we are seeing, we are trying to make this better, lets start having discussions and stop being obstructionists. Maria weve got this topic on the table. We have a lot coming up this new york. New york congresswoman claudia is with us and mac and the man who survived the benghazi terrorist attack and coauthored 13 hours, inside account of what happened in benghazi. Big program ahead. Lets get right to it. Getting to 51 is the goal after unveiling Senate Proposal to repeal and replace obamacare, Majority Leader Mitch Mcconnell next mission persuading members to back it and vote for it. Four conservative senators will not support the bill without changes. They include kentucky senator rand paul, texas senator ted cruz, utah senator mike lee and wisconsin senator ron johnson, all pushing back on this bill. Here is how the two of them explained thrair positions on capitol hill yesterday. I cannot support the current bill. We are open to negotiation, but we want to bill to look more like a repeal. We are afraid that when we read the bill that it actually looks like reiteration or keeping of obamacare. Its not enough to pass a bale that has Obamacare Repeal in the title. We actually has to have legislation that fictions the underlying problem. I want to get to yes and the way to get to yes is fix the underlying problems. Lower premiums and i will happily be part of it. Maria the bill proposes cig in effect antly overhauling medicaid, the program that currently ensures 1 in five americans, it would, however, keep in place protections those with preexisting conditions and dependent coverage until age 26. On the tax side of it it will virtually eliminate all taxes an fees, nearly all taxes and fees nearly obamacare and repeal laws mandate on individual and employer mandate. Former president obama slammed a bill in post on facebook, he wrote this in part, simply put if theres a chance you might get sick, get old or start a family, this bill will do you harm. Joining us now from washington republican congressman steve of ohio who serves as chairman as the republican Congressional Committee. Congressman, thank you very much for joining us. Whats wrong with this bill . Well, you know this bill is a senate bill and we are going to respect the senates process, the senate respected our process. I think theyve actually made improvements to our bill. Theyve made the preexisting condition Coverage Even stronger. So, you know, im going to let the senate work out their bill but i think theyve actually improved on the house bill. Its another step forward. Maria its not the step forward though that you want, right, you have four of your colleagues pushing back saying they will not sign the bill, they will not vote for it. Well, every bill is in negotiation, maria, until people get the yes and, so most people dont take the opening offer when they are buying a car or when theyre passing a bill. Lee you see how president obama reacted to the bill and there are folks saying that his attacks on the bill arent necessarily true. How do you respond to what hes saying about the bill . Well, his attacks on the bill are not necessarily true. In fact, the bill strengths protections on preexisting condition and it it brings back to essential Health Benefits that he attacks in his post, you know, the president should do what most president s do and thats go enjoy his life because he had his time in the sun and now its time for other folks. Kevin congressman, do you think this bill can get done by the july 4th deadline as Mitch Mcconnell wanted it to be dope just given that there are four senators lost, one of them who golfed with the president all day long and who knows the medical space more than most people in congress. I mean, its senator rand paul, do you think he can get it done . Artificial deadlines are a bad idea, so i dont think they should have an artificial deadline. I think they should try to get this bill done when its ready and so they need to get and when its ready, that means they have 51 votes potentially including the Vice President , hopefully not. Maria david webb. David congressman, i like the debate, i like the idea that different ideas are going on the table. Its completely different than the democrat process. Im with you, artificial deadlines dont work, however, the messaging on this that we talked about earlier is an issue and its not about messaging for the sake of marketing but pointing out the points of the bill and how they will affect people and working around the cbo score. Theyve got it wrong in obamacare. How are you and the senate going to Work Together to make sure you inform the people that this is actually the points that are good for you, this is what we are going to fix and shouldnt you include the hhs portion of this because thats not being discussed . Thats a great point because theres a lot of misinformation out there about this bill, about the house bill and we do need to take charge of the communications and make sure people know that this bill aims to make health care and insurance more affordable for people who are healthy yet protect people who are sick. Its really that simple but its complicated at the same time. Maria well, lets talk about taxes for a second. Fox Business NetworkCharlie Gasparino that house leadership including Speaker Paul Ryan showing signs of softening stance on border adjustment tax, where are you in terms of Common Ground of the tax portion of this and that border adjustment tax in particular . Well, on t 0 of the 90 of the republicans are 100 together, border adjustment tax in concept i like, ive been skeptical on ability to get done but theres becoming a consensus that the border adjustment tax just does not have the Critical Mass in the house or the senate to be included and so the thicks that will be included in this bill is a lower rate. It will be for C Corporations and entities together. We will do holistic tax reform, we will simplify our tax system, i think its going to be a good bill thats going to help the American People and help super charge the American Economy so im excited about getting this thing done but we still have a few more months to colease and but i feel like everybody is moving the same direction finally. I dont think the border adjustment tax as its currently configured can be in the bill. Maybe theres a way to change it around and include it or maybe we will go a different direction. Thats still working progress. Maria everybody is moving in the right direction except the four senators that have pushed back on health care and everything gets backed up if you dont get health care and you dont get that vote over the short term. So youre the chairman of the Congressional Committee and your party won two special election this is week and yet youre not able to get legislation over the finish line, can you walk us through how you see this happening, whats the path given these four senators pushback . Well, again, i dont think we need to let artificial deadlines create same problems in the senate like the house. When we had artificial deadlines we hit brick walls in the house. Get the votes on passing this bill and then pass it which is how youre supposed to pass legislation, weve got it done. Maria right, so what are you saying . My lesson to the senate is, stop talking about artificial deadlines, it gets people on cable news talking about how things arent getting done when frankly the story should be that most senators are behind this and that theres a few people that we still need to work with and thats whats going on in the senate but do i think they will get it done july 4th, probably not. We dont need artificial deadlines. Maria is 2017 an artificial deadline . We are taking the fact that you have an election coming up in 2018 and your colleagues on the left want to impeach the president and youre hoping you get nothing done, so 2017, artificial deadline . Health care reform and tax reform need to happen this year but because frankly we all know the silly season starts next year, the election season and artificial deadline is to say we have to do it next week or next two weeks but in concept we all know it needs to happen and frankly i hope it will be retro active to january 1st of 2017 so that we can start to get our economy moving faster. Maria all right, we will be watching congressman. Thank you so much. We can certainly watch the process. Steve stivers joining us there. The tropical depression caused major damage with tornadoes and heavy flooding in the gulf coast region. Americas banks passing stress test proving they can pass 2008 crisis. We will check next. Were on to you, diabetes. Times up, insufficient prenatal care. 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. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. 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. Maria welcome back, tropical depression cindy spawning damaging tornado across alabama. Cheryl casone with the details. Cheryl good morning, maria. Residents in alabama and louisiana facing damage after cindy brings strong winds, flash flooding even tornadoes hit the south. Cindy was downgrade today Tropical Storm to tropical depression by 10 00 a. M. Yesterday. Tornado struck near hurm birmingham and that ripped businesses apart. Emergency officials continue to warn of flooded roadways in alabama and a dangerous surf at the beaches there. Well, the ceo of American Airlines doug parker reportedly unhappy as governmentowned Qatar Airways aims to buy significant stake in his company all this reporting in wall street journal and Qatar Airways is trying to push for american market. That means buying about 808 million worth of stock in American Airlines. Theres the stock. The Worlds Largest airline. Market value roughly 24 billion, stock basically is flat going into friday trading, maria. And the federal reserves stress test are making the case for easing bank rules, the fed saying the largest u. S. Banks survive a hypothetical stress test and could continue lending after a deep recession. This does give ammunition to the Trump Administration. They want to crack down on regulations put in place after the financial crisis. Financial sector, though, the stocks anyway looking good in the premarket. Back to you. Maria bank of america best performer there. Stress test, theyve become easier. The banks are holding a lot of cash, kevin kelly. Kevin they are beating the requirements. The talk is about what they are going to do with that, are they going to have more distributions. Maria pay dividends. Kevin thats the biggest topic of conversation that everyone is having. Maria do you think we will get more dividends . Kevin absolutely. So people are starting to pick and choose but the Biggest Issue we are having right now and why parttime arent putting money to work even given the news stories is because the economy isnt doing well as well as Interest Rates. So with a flattening yield curve, the difference between 10year treasury rate and twoyear, its flat, they cant really make money. When they are taking deposits, theyre not making money in what they can lend at. Maria would you buy financials here . Wait and see if you can get something done in washington. Theyve come back to november levels. Maria hay sure have. Oil snaps a 3day losing streak despite investor concern over oversupply glut and oil which, of course, is up. Facebooks new mission statement. The nail art featuring maria welcome back, lets take a look at oil this morning as you see its higher up half a percent. Crew keeping the momentum after snapping the session streak yesterday. Oil on track for the worst half performance in 20 years. When oil prices go down, stocks also go down. Joining us right now regent atlantic ceo chris cordero. 3billion in assets under management. Do you allocate capital base on where oil is . We allocate capital based on where cheap stocks are. Maria youre looking for value . We are looking for value and we are finding bargains in the oil space. Maria tell us about it. Longterm oil about 50 a barrel is where it should be. When you look at it around 42 and oils have taken a hit, its a good buying opportunity. Thats one of the few areas of the market that we find its cheap and attractive. We look at Companies Like total, youre Getting Better than 12 dividend yield and youre getting paid for waiting price of oil to come back. Kevin high expenditures that are embedded, they are highly levered and paying out significant amount of dwid ends and the last time oil was around this price, people were very worried about the dividend and coverage ratio and thats because in the Business Model they are forecasting 50 a barrel for oil but we are not close to that. Thats a concern for total, the major oils are able to produce and be profitable prices per barrel. We feel that capital structure is at risk but its worth taking that risk. Maria would you put new money to work in stocks right here . I would in stocks that are selling in bar gains. Kevin how is the fed impacting your decisionmaking when youre putting new money to work because we are talking aboil and oil has been saved when the dollar goes down but this didnt happen this time around and part of that has to do with the fed, how is that impacting your investment style . The side that we like the fed is doing, its increasing rates, we like the financials. Every time the fed hikes rates, they are adding money to bottom line and all of a sudden things that a lot of their money market activities that have been unprofitable are now becoming profitable for them. Kevin interesting. Doddfrank pull back and all the deregulation happening, is that another thing indicating sure, doddfrank really hampered the financials and having some potential relaxation in those regulation that is should help longterm. Maria do you like citigroup in particular . Citigroup will benefit from rising rates and the other thing they will benefit from is truly a multinational bank. They have huge presence in emerging economies. They continue to come online and grow and we will see good things out of citi. Maria how much of philosophy is on a tax plan that youre expecting in 2017 . Largely none. Maria you dont think they will get this done . I wish it was, we do Financial Planning for our clients, that would be out boom. Maria does the market selloff if what youre saying comes through that they wont do it . I dont know that the market is expecting. Im certainly not expecting it. Maria at this point, lee, markets are trading and profits up 6 in the second quarter, t fundamental, chris not even worried about the tax lee i thin