Second. In london, london under attack, this time a bucket bomb. The japanese duck and cover as the north Korean Missile screams overhead while Team Trump Talk tough about the hermit kingdom, the markets show resilience. A global man hundred under way as the uk dodges a bullet. An improvised explosive device fails to reach potential. It still injured 29. Japan air raid sirens, blaring and sending schoolkids under the desk as north korea fires yet another missile over the island nation. South korea responding with missiles of its own. In this hour, were expecting President Trump to tackle all of these topics. He will speak to Service Members at joint base andrews, were going to bring you the speech live. Supposed to happen in 25 to 30 minutes. Plus could the big six be cooking up changes to how the government taxes your 401 k s, Retirement Savings . How it could be the biggest buzz word and whether it will inspire or hurt savers. And 143 Million People exposed by the equifax hack. Class actions building, should the companys executives Face Criminal Charges . First on fox business, greg clark, ceo of symantec on how the breach might change everything. Markets set to wrap the week higher, as the dow shoots for a fourth Straight Record close. We are an hour from the closing bell. Lets start the countdown. Breaking news were going to take you to a big intersection in st. Louis, missouri. These are live pictures of protests that are happening and growing right now as protesters face off with Police Officers following the not guilty verdict in the killing of Anthony Lamar smith by former st. Louis Police Officer jason stockley. We need to give you a few details. You can see the line of Police Officers, things are calm at the moment, but the crowds are getting rather big, and this goes back to it 2011 case where the Police Officer, mr. Stokley, approached the drivers window, the black drivers window, fired five times into the car hitting smith with each shot and killing him. There was a gun found in smiths car but later determined to only have dna from the Police Officer. So the prosecutors had raised the specter of a Police Officer planting a gun in that drivers car. Well get you more on this as it develops. It was exactly nine years ago that Lehman Brothers collapsed, marking the beginning of one of the darkest times in wall streets history, and today stocks at the top of the game with all three indices racing to a weekly win after hitting alltime highs earlier. The nasdaq hit alltime high earlier, we are not at level that we need to be. We need to be, well, are we . Not yet. 6450 is where we need to be, were at 6446. S p 500 is just a few points away from alltime high as well. The dow is already there. Take a look what is boosting the dow 30. The blue chips here. Did you know were only 100 days away from christmas . Sorry, i hate to be that person who well before halloween you start putting up the lights. What were telling you, macys has said its hiring 80,000 Seasonal Workers for one of the busiest times of the year. It is one of the leaders on the s p 500 which we know is more broad, its a better sense of how all stocks are doing. Macys up 2. 3 . There is one stock that might get in the way, looking at worst day in four years, oracle is down 7. 25 . It gave a weak earnings forecast, weak cloud forecast, all about the cloud, more important flee, light of a couple of price target hikes by a couple of brokerages, the stock is selling off. Watching oracle at 48. 99. To the white house where london terrorists and the escalating situation in north korea are taking center stage, did at todays press briefing. General h. R. Mcmaster and Ambassador Nikki Haley putting terrorists and north korea on notice issuing a stern warning. That warning, do not mess with the United States, but this as President Trump and the first lady are gearing up to meet with military personnel and their families at the bottom of the hour. Were going to take the speech live. Lets get to fox business blake burman, we talked for too many years when it came to north korea, now were going to act. Now all we see is talk at the moment. What are you hearing . Reporter speaking of talking, we expect President Trump to talk about the topic within the next half hour or so as he addresses troops at joint base andrews. The spot that hosts air force one. President will talk about the 70th anniversary of the air force. The news of the day, the london attack, the hurricanes in texas and florida and, of course, north korea. We did hear from the u. N. Ambassador, nikki haley at White House Press briefing this afternoon, and while she did describe the sanctions as dramatic, she also recognized the fact that the rogue nation has not stopped firing off missiles. We have strangled their economic situation. Theres not a lot the Security Council is going to do from here when you gut 90 of the trade and 30 of the oil. Having said that, i have no problem kicki it to genal mattis, i think he has plent options. Report i have n problem kicking to general mattis because i think h has plenty ofoptions. Military option. The administration has not shied away from that at all, and that did not change on this day as the National Security adviser was in the briefing room. Here was h. R. Mcmaster. Kicking the can down the road and were out of road. For those who have said and commenting about the lack of a military option, there is a military option. Its not what we preferred to do. Reporter next week, President Trump in new york city for the u. N. General assembly and haley said front and center during the conversation with many of the top World Leaders will be north korea, and we expect to hear from the president momentarily, liz. Liz okay, and south korea launched two missles of, we need to tell people, in response to this, and i think that the tension is going to be felt during the president s speech. We will wait and hear what he has to say. This leads us to how the market is behaving in light of all the headlines that you would think would destabilize stocks and give investor the jitters between north korea rattling World Leaders between the latest launch and terrorist attack in london during the rush hour, and quadruple witching on wall street, when Stock Options and single stock futures expire altogether and theres rebalancing. That causes wild swings but markets are climbing stubbornly or exciting despite all the noise. Let us bring in frank holmes, joining us from the floor of the New York Stock Exchange, john corpina. Frank, you would think you would get a message from the way gold behaves, that the markets were frightened and you can see that gold is about to end the winning streak for a couple of weeks. Gold is not behaving as you would think with all of the frightening headlines. What are you interpreting from that and how the markets are behaving right now . The shortterm movement of gold like that, its too hard to digest. But i will share with you that the fiveyear Government Bond has a negative Interest Rate. What is the government offering in interest payment, take away the payment and you are losing money. That is a backdrop for gold to be sustainable. What happened today is modest. Whats happening today is what happened with bitcoin, it was down dramatically and had a big surge up and its important to recognize that south korea consorting with banks earlier this year started using bitcoin, and i think thats better reflection of the fears and the same with the japanese banks, whats taking place with north korea. Liz so from bitcoin to retail sales where, at least retailers take bitcoin but john corpina, retail sales for the month of aushgs a lot of that could be temporary because of the hurricane, Hurricane Harvey in particular is blamed for that and for august industrial output, but the fed has gotten scared once again. Has it not . So talked to our investor audience about what you see when it comes to investing in stocks and why theyre so resilient and how long that actually lasts . Nice swing to the upside, when that happens, perfect opportunity to take risk off the table, pare down the portfolio. The market has not pulled back. Weve stayed at this level. Waking up this morning you wake up to the north korean headlines, as i im commuting in, a terrorist attack in london. I was expecting to walk into the exchange have, futures down, 10, 15 point, they were down 3. The market absorbs the negative news which is confusing to us and main street. Whats the next thing were going to look at . The fed next week, they laid out what they wanted to do at the end of 17. Said they were data dependent. Data helped move them in the direction they are now to make more Interest Rate moves. Just doesnt seem like were going to get it yet. Were not convinced were going to see something by the end of the year, that misunderstanding might put pressure on the market soon. Liz frank, youve got a lot of money in Asset Management over there. You have a way of looking through side windows instead of the obvious front door, if you are the herd, you could get trampled as individual investor. The dow is on track for best week of 2017. Well know in 50 minutes if that comes to pass. Are you nervous . Or do you look at this and say this is one heck of a teflon bull market and keep going with the flow, dont fight the tape . I am very bullish. We have pmis turned positive, one month above the three months again. Global pmis are strong, u. S. Dollar is weaker. That means well have exports up from high quality products, thats good for gdp. And that has a history with it. So that makes me bullish and also seeing the positive aspects of a weaker oil price. First was a big drop in capex and the energy space but now seeing the global tax dividend thats going around the world and rising gdps and the emerging markets importing. China is importing, india importing. The three biggest gdps per capita, their cost of importing oil has gone down dramatically. Very positive. Liz frank holmes, john corpina, have a good weekend. You, too, liz. Liz tune into wall street week tonight. Maria interviews the Carlyle Group president and chief operating officer glen younkin. And property man bob massi going to tour box cars. Weve got the closing bell ringing in 46 minutes. S p in the green by 2. 63 points. The equifax hack. Forget the hackers, should the executives at equifax Face Criminal Charges for exposing very personal, private information of 143 million of you . First on fox business, the ceo of Cybersecurity Firm symantec, greg clark. Their stock is responding positively. Are people rushing in to use their products . Its a first on fox business interview, next on countdown. Mike and i are both veterans, both served in the navy. I do outrank my husband, not just being in the military, but at home. She thinks shes the boss. She only had me by one grade. We bought our first home together in 2010. His family had used another insurance product but i was like well ive had usaa for a while, why dont we call and check the rates . 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You basically misspend 143 Million Peoples identities, you need to go to jail, too. We ought to criminalize it. Liz Morgan Wright telling lou dobbs equifax ceo Richard Smith should be put in the clink now that they put the personal information of 143 million americans at the hackers. All kinds of classaction suits piling up. Equifax down 36 since september 7th. The day the Company Released news of the hack. The problem is the company was notified of the breach on may 29th. Symantec has blasted higher, up nearly 10 during the time period. We bring in greg clark joining us first on fox business, thank you for being here. Thanks for having us on the show. Liz a huge story, equifax loss is your companys gain, your stock haspiked certainly, have you seen a spike in custer interest since the equifax reveal . Absolutely. I think this is a really big item for the citizens of the United States, commentators mentioned this will be with us for life and is an example of needs to protect yourself in cyberspace and many fronts, and Identity Protection is one of those, and this is a prime example of it. Liz you know, if the equifax ceo or executives or engineers knew of the vulnerabilities and if they had a patch for this bug already because it was released in march but didnt employ, it to Morgan Wrights point, should executives Face Criminal Charges . Theres a lot of details in every companys cyberdefense front, and i think ill leave up that to the folks who run the appropriate investigation. I would say it brings a couple of things to point in terms of enterprise. First of all, cyberdefense is a paramount concern as you can see from here, and the Data Protection and the Data Loss Prevention techniques are extremely important and as we saw with wannacry, staying up to speed with vulnerabilities and patching the vulnerabilities is a Mission Critical care about making sure you have compliance technology, software that can help you get that done. I will make a comment on the particular patch. It is a difficult one to put in place, you have to rebuild systems and redeploy them. Liz hold on, you do what you have to do, especially when you are getting paid billions of dollars to basically buy and sell your and my credit. My information, and therefore thats why people are so infuriated. We had the Pennsylvania State attorney general on cavuto coasttocoast, he is livid. He said 75 of the people have been hit by this. Oregon has a classaction suit. Lets get to the patch. We heard it was the breach not the breach. That the actual vulnerability was discovered back on march 7th and they immediately released a patch, this group, the apache group and suddenly equifax doesnt have it until july . So there are questions there that will be addressed. That is not something you put on a server and its fixed. You have to do a bit to get it there. Theres going to be breaches, holes in systems, thats going to happen, and really making sure that the data is protected at rest and theres authentication mechanisms that are tight on how to access it. A wakeup call for everybody with consumer data or important ip, we should talk about what we do about it now. A bunch of citizens that are at heightened level of risk, and what we do about it now as citizens, we take care of digital safety is extremely important. Liz and can i ask you one important question, you acquired lifelock for stealing peoples identities, protecting people from that. Does all of this underscore the fact that we maybe need to make Social Security numbers much more difficult to be able to hack or find . Its just a series of numbers which can easily be, perhaps compromised. Do you see a change eventually in the basic Social Security number . I think that we definitely, in the future we will redesign how to identify citizens for online commerce, online tractions and authentication, and how we deal with things online, there will be work done there. That is in our future, but right now live with what weve got. And if you think about the kind of things that are compromised, its not just about making a fake credit card, when your identity is out there. People can buy a gun with your identity, rent cars with identity, create drivers license if they are criminals using your identity. Change the registered address and work on things like mortgages. Identity protection is extremely important going forward. Liz tell the gang at symantec they are doing good work, thank you so much. I will do that. Thank you all very much. Liz greg clark, ceo of symantec. Deja vu for boeing with the closing bell ranging in 37 minute, boeing second day in a row at top here. Hitting another record for a different reason. Yesterday it was that they were spitting out way more 737s. They were going to keep up that. Reports out of nafta talks that say canada may drop threat not to buy boeing jets in return for the company dropping its bombardier trade challenge. A scary rumor about the trump tax reform plan that could have you shelling out more money early on the road to retirement. Former Labor Department official Brad Campbell gives us the pros and cons of what the government may be ready to do. Thats tax your 401 k contributions now instead of in your golden years. Countdown coming right back. Today, were out here with some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Listen up, Heart Disease. You too, unnecessary er visits. And hey, unmanaged depression, dont get too comfortable. Were talking to you, cost inefficiencies, and data without insights. And fragmented care, stop getting in the way of patient recovery and pay attention. Every single one of you is on our list. At optum, were partnering across the Health System to tackle its biggest challenges. Hey, hows it going . At optum, were partnering across the Health System um. Who are you . Im val. The orange money retirement squirrel from voya. I represent the money you save for the future. See . Were putting away acorns to show the importance of being organized. Thats smart. Whos he . Hes the green money you can spend now. Whats up . Oh you know, gonna pay some bills, maybe buy a new tennis racket. Tennis racket for a squirrel . Hes got a killer backhand. When its time to get organized for retirement, its time to get voya. Liz we just got word, i want to let you than President Trump finished his behind closed doors meetings, hes going to make his way to the microphones at joint base andrews. This as President Trump goes full throttle launching allout Bipartisan Campaign to pass tax reform. But the quiet buzz, the din on capitol hill as part of the tax reform discussions is that republicans or part of the administration are considering changing the clock on Retirement Savings, taxing the money you put into your 401 k now as opposed to taxing hardearned dollars when you decide to withdraw later on in life, past the age of 59 1 2. What would this mean for your hardearned money that you have saved and what are the pros and cons . Brad campbell was the man in charge of handling all Employee Benefits for the government having served as former assistant labor secretary. Brad, first explain to people what youre hearing could be a possibility when it comes to peoples pretax contributions in 401 k s . Thanks for having me oliz, i appreciate it. You are absolutely right. Not a clear plan released by either side in the debates, a lot of talk, not a lot of clarity. A lot of the rumors go to the way were going to tax Retirement Benefits and use the change in taxation as a way to pay for some of the other priorities that both republicans and democrats have. And the real change would be doing whats called rothification or rotherizing, im not sure if we agreed on the exact term of 401 k benefits. Instead of it being a deduction, exclusion this year, you would pay tax and not be tacked when you take it out. Thats a big difference for the government in terms of when the money comes in. Liz oh, and a big psychological difference, is it not . Could this hurt the psychology of savers who say why bother . I ran into david stockman, the former head of omb under Ronald Reagan and said what about the rothification . He said its antisaver, do you agree . I agree its a big problem, one of the big incentives in resierment system is the fact that you defer the taxation on the money until you retire, and getting that tax benefit is a big reason a lot of people try to contribute the maximum to their 401 k or ira. Liz and i think its important to point out the reason the government is talking about this, if they have to go with the simple majority passing tax reform, it has to be revenue neutral, and by doing this, it would bring in a trillion over ten years . Thats a lot of money they could use. But a lot. The estimates differ, it could be 2 or 300 billion up to 7 or 800 billion depending how much mandatory roth they require . Is it all roth contributions to 401 k . Is it half . A number less than that . None of the details have been decided. Even though democrats are making noise about the approach. The reality is they want to raise revenue and going to use the retirement system as one of the buckets to get it. People need to be aware this is not a minor thing, it could fundamentally change how they plan for retirement and when and how they save. Liz Brad Campbell, appreciate it, keep on saving until we have a tax reform plan, we shall see what happens. Keep your eye on the congress, thank you. Liz what President Trump has to say at joint base andrews, with the dow up 67 points. Well come back before he comes to the microphone. You know who likes to be in control . This guy. Check it out selfappendectomy oh, thats really attached. Thats why i rent from national. Where i get the control to choose any car in the aisle i want, not some car they choose for me. Which makes me one smooth operator. Ah still a little tender. vo go national. Go like a pro. Your body was made for Better Things than rheumatoid arthritis. Before you and your rheumatologist move to another treatment, ask if xeljanz is right for you. 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Reporter im Nicole Petallides on the floor of the New York Stock Exchange with this fox business brief. A day of new highs for the major average, the dow, the s p and nasdaq all hit alltime highs. The Company Behind angry birds aiming for a roughly one billion dollar valuation when it ipos in helsinki. The initial price for the range 12. 24 a share. And lyft may be driving away with new investor. Alphabet is in talks for one billion dollar investment. This would be interesting for google, speaking of uber, for a discount. The deal would give softbank 22 stake in uber if it can convince the shareholders to agree to option that prices share the discount. Well see on that. Countdown right after this break. If youd have told me three years ago. That wed be downloading in seconds, what used to take. Minutes. That guests would compliment our wifi. That we could video conference. And do it like that. snaps if youd have told me that i could afford. A gigspeed. A gigspeed network. Its like 20 times faster than what most people have. Id of said. Id of said youre dreaming. Dreaming definitely dreaming. Then again, dreaming is how i got this far. Now more businesses in more places can afford to dream gig. Comcast, building americas largest gigspeed network. Liz breaking news were possibly about to get some clarification or clarity from President Donald Trump as he takes the stage at joint base andrews on things like the north Korean Missile that went off last night that sailed right over the northern most island of japan, hokkaido. This after north korea released a statement saying japans four islands should be sunken into the sea by a nuclear bomb. There is also the terror attack in london that he could possibly address and maybe bring up tax reform. Speaking of, which as soon as he takes the stage, well take it, treasury secretary Steven Mnuchin creating a firestorm talk about tax reform over the future for a tax loophole that is extraordinarily controversial that those in the private equity world have come to depend upon. He fanned the flames further yesterday when asked once again about the future of the carried Interest Deduction, charlie, known as welfare for the rich, right . Thats what you call it. Liz no, no, thats what critics have called it. Critics have called it. I didnt mean to say you were a critic. People think its good for the private equity business which creates jobs by taking over the company and get a tax break to do it. Called the carried interest loophole. Heres what mnuchin did at the political conference, confirming our read and our story i broke on your program, the carried Interest Deduction for private equity funds is likely to stay. He essentially said that in a round about way at the political conference confirming our reporting. May apply it for hedge funds, as we know, as jack lew said on your program yesterday as well, guess what . Hedge funds dont use the carried interest loophole. If you get rid of it for them, youre not getting rid of the carried interest loophole. This story is simmering. Democratic politicians, plenty of Public Policy groups, Good Government groups think this is welfare for the rich. That income of rich private equity executives should be taxed at the same rate as everybody else at the 39. 5 rate as opposed to this much lower rate, Capital Gains rate because its not a Capital Gains, its something a little different. This is for on investments that private equity firms hold for more than a year and the managers, investors can benefit from the investment at a much lower tax rate. Thats why its called the carried interest loophole. Again, this is not written in stone but really seems to me that the administration is bending over backwards for the private Equity Industry primarily because steve schwarzman, hes a big adviser to President Trump. Liz, back to you. Liz charlie, watching the stage at joint base andrews, you think that he might bring up tax reform or do you think it will be military and beefing back up our military and getting it more up to speed . I think it will be mostly military, its the setting for military, but i will say this, the president should be getting on the stump about tax reform, hes been pretty hes been pretty reticent on it when you consider all the other stuff he spouts off about. Liz Chuck Schumer and nancy pelosi. Chuck and nancy, as he calls them. Liz we have Lieutenant Colonel tony shaffer standing by, thank you for joining us, lieutenant. Hey. Liz as we walk up to the speech, do you get a sense hell bring up what happened overnight in north korea and the terror attack in london today . No doubt, i was almost late for the interview because i was on capitol hill meeting with staff. This is a big issue. I was talking with staff regarding what the likely policy ramifications are of this Missile Launch . And frankly, look, the japanese have a right to defend themselves, and do a small metaphor, if West Virginia were shooting missiles over virginia, i dont think virginians would wait around to go after West Virginia. They are being essentially terrorized by a madman with nuclear weapons, the only country in the world who was ever attacked by with nuclear weapons. This is no small issue. I think its something the president is not not only should address but obligated to address. Liz Ambassador Nikki Haley says he will address it next week for the u. N. General assembly he is expected to give a speech and be rather forceful and fiery on that. She said were done talking over the past 16, 20 years, we need to act. You dont want to telegraph exactly what you are doing, that would be stupid. You want to do what president john f. Kennedy did and surprise everybody. But more strongly worded statements from japan, this is unacceptable, and yet theyre very vulnerable right now . Absolutely. This was meant to terrorize them and had that effect. Can you imagine millions of people, they encourage millions to move to shelter instantly when this was noted yesterday. This is terror on a national level. Lets be clear on this. With that said, we have options, weve had options on the table ever administration. This is the First Administration actually considering breaking from the policy of appeasement which started under president clinton in 1994. So i think thats what we need to do is looking at other options and use the options as necessary. Liz charlie gasparino, the United Kingdom upped Terror Threat from severe to critical, and yet our markets continue to charge higher. Were not at an alltime high for the nasdaq but earlier hit it. The s p looks strong today even with quadruple witching and the london terror attack with the bucket bomb. To what you attribute that . The markets are not taking this entirely seriously, maybe they should be but theyre not. It will be interesting to see how the markets react if President Trump says something somewhat bombastic, if he threatens to blow them up, what did he say the last time . Fire and fury. It will be interesting to see. The markets, were in the closing minutes of the trading day today, interesting to see how they react to that. Just so far its not a market that takes the threat of nuclear war seriously. Maybe they should. Liz should they, colonel . The dow is up 63. That is another alltime record. I believe if we close here, that would be the 56th record since the day after election day. Look, i think we here in the United States are taking the threat very seriously. I know before john the chief of staff of the white house for the general left from dhs went to the white house, he did a lot of good at dhs, nypd and other organizations are making sure new york and other prime targets are protected. What happened in england will not necessarily happen here. Sadiq khan has been an enabler of terror. He continues to ignore the fundamental issue of why this happens as they allow for radical islamists to preach openly this hate. And as long as you have liz i dont know if weve got that either due to our constitution thats freedom of speech and its so hard to put yourself in anybodys position in this case, but it is the fifth attack this year, and this time a bucket bomb in the tube, in the metro, and for londoners, that is clearly frightening, but you hope they dont get aneured to this. London left itselfo. One of the things i remember from the reporting days at scotland yard, they had a tip on this, theyre moving in the right direction but not able to get ahead of them. And look, the british have in their dna, the ability to defeat terror organizations. You and i are old enough to remember the i. R. A. , the irish republican folks in Northern Ireland trying to attack england. They went away based on aggressive counterterrorism tactics deployed by the british. British know how to prevent, it its a matter of political will trying to get ahead of it. This is a little worse than the i. R. A. , and im not downgrading the loss of life that the i. R. A. Caused. The i. R. A. Werent neilists. Appeal innistic. They want to kill and they want to end society the western civilizations they continue. If the markets ever fully digest. That 9 11 was writ large, thats why the markets react the way they did. Liz can we put up the markets intraday, that may help. The question is when will the Global Markets react to this stuff . And theyre not, they generally brush off the lonewolf attacks and like i said, im not saying its the right thing to do. Im not saying they should ignore north korea, but so far its not been really digested. Market cares more about whether donald trump is going to pass Corporate Tax reform than they do about whats going on in north korea . Its a simple fact. You can see it in the price movement. Liz we should mention too that corporate profits have been pretty darn good, charlie, very strong. Heres the thing where i dont think even if they dont get any tax cuts passed, the markets under donald trump are before. You got a strong corporate profits, companies have learned how to downsize and economize, not good for the worker but good for shareholders. Im not saying its a good thing, just tellingut reality. President trump is not going to add more regulations, so net net, trumpnomics without tax cuts is net net for the bottom line of corporations than it would have been otherwise, and so you get that feeding the rally too. Liz s p, if it were to close first of all, having best week since april. The dow having best week for the entire year. That is amazing. That is rather amazing. And at this point, what a resilient stock market we have considering Hurricane Harvey, hurricane irma. All thats been going on overseas. Think about, this liz, the hurricanes are, you know, could be good for certain stocks like Home Building stocks. Charlie brady statistician points out how home depot ran up on the hurricanes, bad on insurance stocks and the insurance stocks came back because damage was limited. Liz how about this . Retail sales, not a good thing, they fell 2 10 percent, car sales fell 1. 6 , think about the boost they may get from replacement. Hundreds of thousands of cars destroyed in the hurricanes. There will be replacement moves. As you wonder whats going to happen with the auto names both foreign and domestic. Im going to check here, ford is looking at. Ford is in the green, General Motors is in the green. The one thing i would say about our economy that is problematic is if were stuck in annualized 1. 4 growth, thats where it starts getting difficult to pay for all the stuff you want to do. And you know, thats why i think Corporate Tax reform is pretty key to take our Corporate Tax rate down to a decent level. Liz speaking of paying for all the things we want to do. Lieutenant colonel, trillion dollars plus was approved by the house yesterday for the military, and certainly refunding. We in the past couple of months have had two horrific naval accidents. The u. S. S. Fitzgerald, the u. S. S. Mccain, lifes lost and the people were not properly trained. Training costs money, i am not saying this money could have solved this problem, it could have been egregious errors, but the point is that were now putting things together with spit and sealing wax if you talk to guys on the inside. You cant fund something and hope the stupidity has completely gotten out of it. Liz true. The navy has made huge mistakes in diminishing standards. This is the danger, no matter how much you give somebody money, if they dont use the money properly, you will have this happen. If you recall, we had training accidents at number of military installations, u. S. Army and marine corps. Weve had more killed in training accidents than combat. This is a bow wave of failure coming out of the Obama Administration where you had a malaise settling into the military. People like general joseph dunford, jim mattis, the new sec def are working hard to change the malaise. We had eight years of benign neglect of the military, its going to take time to build that back, and plus the budget issue. During the time i was working on the Trump Transition Team after the election, ive met with several members of the senior military staff at the pentagon and they talked about unfunded requirements regarding rebuilding relost or overused over the past 16 years of war. Unfunded requirements for navy ships, Nuclear Reactors need to be built. All this stuff that needs to be done, and this is where the pentagon has to work closely with congress to fund the things that are necessary. Funding the f35, talk about an albatross . There are things we need to rethink. Liz frank holmes is with us, you are looking at extreme resilience for the market. A lot of spending may happen. Tax reform may or may not get done. What happens then if we get a disappointment on tax reform this year and have to wait until next year, frank . Well, i think that the stock market is still going to do well because we have the greatest tax dividend thats been out there, oil prices under 50 a barrel. That is very significant, when you take a look at the imports, china, india and the u. S. , its a gamechanger and were seeing that Global Economic growth. Then we have a pmi turn positive, one month, three months is a good precursor, six months out is strong precursor. Double whammy, the market trades higher. Liz charlie, you agree with that . I do. I believe we need more than 1. 5 Economic Growth. Its bad for the country. Bad for wages. Its one of the reasons why people are so upset during the last election. While the headline numbers look good, the reality numbers were not good. You saw that in the Economic Growth and wage greth, you need to get growth up to 3 which is what weve had for a long time until the financial crisis and mistakes by the Obama Administration in terms of regulation and taxes. But even if we dont get, that the fact that the Trump Administration has put the brakes on regulation, say they go for infrastructure plan, that should be marginally positive for the economy. Even if you go into deficits, thats generally good for stock markets. Bonds may trade off and bigger deficits and all that stuff because i dont think theres a lasting affect to Infrastructure Spending like tax cuts. The revenues dont keep coming in. Liz were getting word, i need to see if nicole can get us anything on this. Equifax shares have gotten extremely volatile because connecticuts attorney general is asking the company to disable Monitoring Services and reimburse fees for security freezes. As you know this company suffered a major hack, and another 3. 75 to the downside, nicole . Reporter thats the least they could do, compromised 143 million accounts of their customers and people who have given them personal information, Social Security, addresses, all kinds of numbers, theyre going to waive the fee . Thats not a bad move. Probably a good move. We did a whole report whether or not if you feel your information may have been compromised, you may want to consider freezing your account not only with equifax but the other two, experian, all three of them and do so, you could have the watch. You can have a vault watch just in case you think you may have been compromised. Another way to handle it. Theres a one month chart but the company lost onethird of its value since the first week in september, since all of this was revealed. So another tough day for equifax. Liz six billion wiped off the market cap of this company. The fallout is radioactive. They had a batch apparently. We are waiting to hear them admit they didnt use it. Reporter yeah, watch for your taxes. These hackers can theoretically take your personal information, file taxes in your name, and receive your refund on top of personal information and file taxes and receive your refund. Something you should file early and do this on a secure computer. What does it do to a company like this . We have seen other companies hammered by bad press, Lumber Liquidators hit a new high so they have come back after a terrible 60 minutes piece. Can affect come back . The sheer magnitude that touches every taxpayer every loan you have, i would be suspect that it can make it back. The stock price, it is not trading but a fairly large decline here. How much market, they look like they were going out of business. Another bounce and kept going lower. And run was getting indicted, looking to indict the company, they definitely indicted arthur anderson, meaning the Justice Department and here is where it gets interesting, the state attorney generals, attorneys general as you alwaysman, and allows him to press fraud charges with a lower bar of intent, this could get crushed even more. Nicole pennsylvanias attorney general told neil cavuto 75 of pennsylvanian adults were hit by this. Oregon, classaction suit, 30 states, bipartisan ag. Is new york on that list . Nicole i dont have the list but the wall street journal reported 100 lawsuits were filed just after the story broke. Are you still there . We have gotten two, two minute warnings. I wonder if the president is concerned about talking about north korea. You see ivanka and jared coming out, wonder if he is make waiting to make the statement until the markets close. That is possible. If he is monitoring what is going on he may be sitting back to let things go. He is the president , he is well aware what his tweets can do, what his words can do. It is prudent to sit back and let things settle down because i do believe it is his responsibility to be very blunt and direct about what is going to happen next. We cannot continue to see north korea terrorize our allies and threaten guam. Stern words may have an effect and maybe he is aware of it. Liz something tells me the president has been very frustrated about north korea and knows what happened under president obama and president bush, president bush 2, etc. Here comes the president. We are looking at a gain for the dow 61 points but it will be the best week for the Dow Jones Industrials of the entire year 2017. For a month it is usually horrific. The president is the greatest disruptor. Very important how he functions and exciting how he deals with this issue. He is a great disruptor. Nicole one of the most recent problems was the missile landed far enough into the Pacific Ocean it would be within range of hitting guam. Here is the first lady, melania trump. I want to thank the brave men and women wearing is a noble uniform of the air force for having us here today. I had the privilege to visit with some of your wonderful children at the youth center. I enjoy our time together and want to thank everyone who helped make this visit possible. Every child who serves in the military should be proud because your mom or dad is a true american hero. In the wake of two devastating hurricanes, the world has witnessed your courage and compassion and you have made every american proud. Americans in the United States air force because we know you will never quit, you will never yield and you will never fail. We are free because you are brave. I know i speak on behalf of myself and my husband when i tell you we are grateful for your service and i want to take a moment to recognize the fa