In march and inflation continued to run somewhat below 2 , that in addition to Consumer Prices decline to go march is new language. Consistent with statutory mandate, the Committee Seeks to foster maximum employment, the Committee View it is slowing and growth during the First Quarter likely to be transitory and continues to expect that with gradual adjustments with policy. Labor moderate conditions will strengthen further and inflation will stay 2 over the median turn. In regards to the lack on unwinding the Balance Sheet, theres been no change. The statement continues that the committee is maintaining existing policy of reinvesting principal payments and mortgageback securities and of rolling over maturing treasury securities at auctions, it anticipates doing so until normalization of the level of federal funds rate is well under way. The committee expects that economic condition wills evolve in a manner that warrant increases in the federal funds rate. This was a unanimous decision. Back to you. Cheryl im looking at treasury prices, treasury yields rising after the fed statement. Thats a little bit not a lot of Market Reaction but certainly the treasury yields is reacting. Adam, i would like you to stay with me. I know youre pouring through the language in the statement which, of course, we care about. I want to bring in our power panel to talk about this. From the Kings College business and finance program brian brendberg, jack mcintire, steve cor at the cortez, we had an unchanged decision, thats what they got. Absolutely, all eyes are focused on union because thats where we are seeing according to fed futures rates, 70 chance Interest Rate but whats interesting with this rate announce mint, decision, is how the market came in a little bit first and foremost and Interest Rates rise a little basis points. I think that can be attributed to the commentary on whats going to happen with the feds Balance Sheet. 4 and a half trillion dollar Balance Sheet. Last time around the market was caught off guard by the fed starting to get organized as it plans to unwind, perhaps more details on how we are going to do that. As of now and mortgages and treasure, they have have been reinvesting assets and now it looks like they are going to let the assets unwind so its going to shrink the unBalance Sheet. That explains why we may have sleen slight bumpup in the treasury shields. Cheryl rose more than 2 right as the decision came out. Adam just told us is that as far as winding down the Balance Sheet right now, no change in that. Many have said that they we wanted to see the fed begin to give us some language that would indicate that they were going to start to sell off the multitrillion dollar Balance Sheet that they are sitting on right now. Right, cheryl. Im one of those people who like more guidance from the fed, more specificity on how they plan to unwind and i dont think its enough by the way to just let things reach maturity and expire and run out the clock because what theyve done over the last decade is something unprecedented in american history. The good news is they are starting the raise rates, we are starting to emerge from the Long National nightmare of slow growth and the fed micro managing the economy. Lately a lot we are talking about corporate earnings, innovation in stocks, we are not focusing on what is the fed going to do next, what are foreign Central Banks going to do next. I believe they are going to hike in june. I hope they do. I want to get back normalization albeit slowly. Cheryl brian, that to me says you have hard data or soft data, the hard data that inflation is slowing and that makes it more a difficult case, absolutely, youre going to raise Interest Rates in june but not if the numbers arent there. The important word in this is transitory, the word transitory came up a number of times and the reason that came up because they are saying saying the blipse we have seen and the fact that that word came up a couple of times is very meaningful. That was a question is the fed going to see this as an ongoing problem. They see it as a bleep. June is definitely on the table here. Cheryl remind our viewers that we have unchanged decision from the fed that policy meeting wrapping up, no press conference from janet yellen, we expect that to get, next meeting june. At the same time they have two more jobs report that is they have to look out, one of them coming this friday and based on adp, that report can be a gamechanger. It looks like right now we have the disconnect, the labor market is certainly a lot stronger than the real underlying economy. I think the fed needs to get clarity, it was sort of q1, a bleep, are we going the get a little better growth. I just think the fed, if i was advising the fed i would say, go slow, we dont see inflation getting out of hand, if you start doing something with the Balance Sheet too early, that will cause upevil in the Financial Markets and we are right back to be a drag in the economy. Market positive. Cheryl we are watching the dow turning positive on this. We are close to 21,000 number, a lot could happen in the last two hours of trading. 20,950. 21,000 could be coming and also, i had to say this adam, i was wondering if they were going to mention anything about Global Growth in the statement, i didnt hear you Say Something about whether it was Central Bank Actions in europe or japan. Was that in the statement . Have you had a chance to look . Adam no, i i have had a chance to look. Even as growth and Economic Activity slowed and then the slight change in language was job gains were solid on average. The last time they said job gains remained solid but then there was a comment too about prices excluding energy and food Consumer Prices declined in march and then, of course, reference to the slow growth of the u. S. Economy in the First Quarter when they said they believed that to be transitory, they actually wrote the Committee Views slow growth during First Quarter as likely to be transitory. Cheryl okay, sure, blah, blah. At one point youre right, adam. At one point your point says blah, blah anyway. Steve, i have to ask you, adam is talking about jobs, that seems to be the key Monetary Policy and labor market are watching, thats the fed, that is their job. You look at the estimates for the april job report we are going to get this on friday, estimate is 185. But in march we got 98. Are we really going to go from 98,000 jobs created in march to 185,000 in the month of april, that seems like a big stretch . Seems like a jump to me as well. I wish i could be optimistic. Im generally optimistic by the way. President trumps policies of sensible deregulation and tax cuts and i do believe we are going to get them this summer will propel growth. Having said that, i do think the job market is slowing and i say that because of the jobs report that you mentioned from last month but also adp today, they released a preview of the jobs numbers. Im more focused on adp the company, payroll and how Human Resources company. That worries me. If adp is not doing well as a company, probably the job market is slowing. I think its temporary but do i think its slowing. Cheryl thats a very interesting take on it. What do you say about what steve just said, though . Brian the number we saw last month was affected by weather, you to remember that adp and bls measure things differently. Bls you have to get paid, for adp all you have to do is be on payroll. They measure two different things. This month, thats going to iron itself out. Do i think the bls number is going to be a lot stronger. Job numbers have been pretty good. Thats one thing thats kept the economy boyant here. Thats important language because that means theyre ready to continue to hike rates. Cheryl jack, we are seeing back and forth right now with the dow, we are negative. Not a huge Market Reaction, but again, the numbers were pretty baked in if youre a market participant, june is a different story. But when you look at what we are seeing with u. S. Market action, does it maybe make you think about adding cash overseas specially when youve got europe and japan, those banks are like, hey, we are fine at 0 percent, we are going to stay right here, not a problem, what do you think . I agree 100 . I would looks overseas for better investment opportunities, in the case of euro you have a weak currency. Ecb is running Monetary Policy, Global Economy is doing fine. Japan is doing fine as well. In the u. S. We have central bank thats tightening, we have the dollar thats still strong and we have a lot of uncertainty over fiscal policy. Im in the camp. I think tax reform is going to be at the earliest 2018, its a messy process. Cheryl really . 86 tax reform reagan announced in 84, it didnt get passed till october 86. These things are messy. You dont have one republican party. Its like herdings calves. Cheryl it seems to me, adam, that in washington where you are, you have been covering congress this week, it looks to me that theres much more motivation in the republican side, excuse me, to move on health care, to move on tax reform, to move on the budget. Adam and they are going to move on the issues. On health care they have to get the votes together. When you talk about tax reform, they are walking, as we are talking right now, house and Ways Committee is writing legislation, they are meeting with members of the administration, steve mnuchin, secretary of treasurys office. We agree on 80 of this and 20 we dont. This is where this is taking place. Cheryl the thing is, lori, we are getting close to summer, we know what markets do in summer, you see a slowdown, theres been all the momentum and all new records for dow and s p, the russell even, lori, does that stall out if we dont see more objection action in dc or maybe in fed meeting in june . The fed, if you really think about our coverage in the last couple of weeks has really taken a back seat. The drivers, catalysts, we have the the disappointing report on gdp and it was shrugged off. Today we see reactionary market where its been down around a little bit because quite frankly investors havent been focused on the fed. They are in the process of digesting the statement. We know its kind of inbetween meeting because we are not hearing from yellen. It was a unanimous decision. We are getting more transparency Going Forward about what the path of rates will be so its just another factor to put in and i have to say, i dont think its going to be a boring slow summer. I think theres a lot more news. We have all the european applications coming. Thatll be a huge factor. Cheryl viva la france. That was great. Thank you very much for that coverage, brian, jack, steve, lori, of course bringing us the decision from the fed. Thank you, guys. We do want to turn it we already turned it to politics, White House PressSecretary Sean Spicer will be speaking any minute now. We do expect him to address a number of topics today including the republican healthcare bill which is showing some new signs of hope today after representative fred upton introduced an amendment that will help people with preexisting conditions. Thats been the big Sticking Point in the gop. Also we expect spicer to answer questions on the spending bill which the house is going to vote on later today as we await though for mr. Spicer, i want to bring in former illinois congressman joe walsh and scott bolden and its great to see you both. And, jim, i have to start with you on this. This preexisting condition fight has really become a Sticking Point for the moderates, but upton seems to be sort of bringing everyone together. I mean, 22 republicans can kill this or they can give it their blessing, where do you think we sit right now, state of play . Joe, im sorry. Im sorry. You know what, i think the pressure to pass something is so great that theyre probably going to do it and theyre probably going to vote on it tomorrow. You had a republican senator, i think, yesterday say, its more important to pass it than whats in it. Thats something pelosi said seven or eight years ago but i think thats where the republicans are at as well. Trump has layed down the law, they have to pass something. Its ashame because i think passing this bill is really going to hurt republicans but i think the political pressure is just too great for these guys. Cheryl scott, do you agree with the political pressure. We expect the democrats to say no but they are loving the infighting that we continue to see among republicans. I think the republicans understand that and i also think that they are under a lot of pressure. They have gotten several phone calls from the president , we understand. They have gotten phone calls from each other as well. This healthcare bill, its been like are rubicss cube, i havent seen the bill. It depends on where the 8 billion is going to come from, on whether what period of time, whether you can get republicans to place nice in the sand box and to pass it. The outreach to the democrats is still lacking and when it gets to the senate or if it gets to the senate, youre right, it doesnt really matter to the house republicans, they are so embarrassed and dysfunctional that just getting something out they can sell it during the midterms, thats really empty politics if you ask me. Cheryl joe, isnt Something Better than nothing at this point considering they have come together in preexisting conditions, it looks like, we think, also you have to talk about tax reform, you have the budget vote today, i mean, theres other things that they have focus on beside health care, joe. This is to answer your question briefly, no, something is not better than nothing. Think about it, this is a bill that will not repeal obamacare and it really doesnt protect preexisting conditions. Its kind of this messy thing right in the middle thats not going to please either side. Cheryl i wish i could tell you know where we sit on preexisting conditions but its mirky. We will see you in just a little bit. We are waiting on sean spicer and we will be right back this is judy. Judy is 63 years old. Her mortgage payment is 728 a month. Thats almost 9 thousand dollars a year. Now judy doesnt think that shell be able to retire until her mortgage is fully paid off. This is mike. Mike is also 63 years old. His mortgage payment was 728 a month. Mike thought he would have to work for another 12 years until his mortgage was paid off. And then mike heard about a reverse mortgage and how that might help him. He called one reverse mortgage to get the details. Mike retired immediately after getting his one reverse mortgage loan. Maybe you too can benefit from a reverse mortgage. Call one reverse mortgage now and find out if you qualify. Theyll send you an information kit that includes all the details and the stories of mike and others. A reverse mortgage. Is a mortgage with no required monthly payments. It was created for homeowners 62 or older so they can continue to afford and own the home they love. Many one reverse mortgage clients find they can retire sooner, do more the things they love, or simply put more money in the bank. A reverse mortgage could change your retirement, and your life. I examined my finances and i said, there is no reason why i shouldnt retire today. 10, 12 years earlier than i had anticipated. In the first year, mikes cash flow savings totaled 8,736. After 5 years, it will be over 40,000. It really is worth a call to find out if a reverse mortgage can help you too. Call one reverse mortgage now and ask for your free information kit. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Cheryl the state of connecticut thought that placing taxes on the rich will give them revenue boost but many wealthy residents are moving away to avoid the tax bill leaving the state with a deficit of 2 billion, our very own jerry willis has been looking into this. State income tax revenue plummeting in connecticut as fall 450 million below expectations and this in a state where legislators have targeted the wealthy for tax dollars. Now, though, the state as you say looking at a 2. 2 billion deficit for fiscal year 2018 up for 1. 7 billion deficit originally forecast and it gets worse, cheryl, the state needs 217 million to close the gap for the rest of the fiscal year and to that end, democratic governor has put on hiring and scrutinizing current spending, how did this all happen in well, at least partly to blame is the states obsession with tapping the pockets of hedge funds. Connecticut is the Third Largest hedge funds. Fund managers left for greener and cheaper pastors in florida. But now governor daniel says maybe the state went too far saying to local news media, quote, the reality that in connecticut we get most of our money from very few people, that can produce very wild swings, even though semicontracts in democrats are backing 19 hedge funds and tax hike on easterners 500,000 and more is in the bill and you guessed it a bill to raise taxes on bed and breakfast. So cheryl, i guess theres no learning curve there. Cheryl the minute you said, florida, of course, theyre all going to florida. Thank you very much. Youre welcome. Cheryl once again, i want to remind you, we are waiting on the White House Briefing for the day from sean spicer, we will take you to the white house live. A lot of questions from the press. Also we are following other news out of washington. Fbi director james comey, he was on capitol hill today after Hillary Clinton blamed him for her losing the president ial election. I dont remember james comey telling her not to campaign in wisconsin or set up her own private email server, i dont know. Thats just me. We are going to talk about it and we are waiting on spicer and we will be right back the comfort in knowing where things are headed. Because as we live longer. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. My frii say not if you this protect yourself. Ary. Pneumococcal pneumonia. Its a serious disease. My doctor said the risk is greater now that im over 50 shon spicer at the white house. Lets listen. The Vice President just left a bit ago to meet with some of the lawmakers on capitol hill. The president was glad to meet this morning with representative representative long and upton who voiced their support earlier this morning. Its an especially important that we continue to make progress unappealing repealing and replacing obama care. Earlier this week at not announced it will scale back its presence on the Obamacare Exchanges even further in 2018 with stride from the iowa exchange. It have already cut its participation in the exchanges from 15 states to four and 2017. I what will be hit particularly hard by the recent development as the last insurance for most of the state also announced this week that it will likely stop selling individual Health Policies in the state. It will affect tens of thousands of americans. With reports like these coming every day it cannot be clear that it was time for action on health care. Healthcare. We are glad that 70 members are with us and we look for to welcoming more onboard. The president drop by an event focusing on school choice. Students ranging from kindred to high school. Most of the students who visited the white house today are thousands of local children who well in if it from the threeyear extension. And congressional allies in the budget deal. The district of columbias Opportunity Scholarship Program which was launched in 2004. Provides vouchers to dc students whose family receives the benefits under the Supplemental Nutrition Assistance Program also known as snap or earned less than hundred 85 percent of the federal poverty level. This program gets results. 69 percent of School Students graduated from high school as compared to an incredible 90 of the scholarship students that received their High School Diplomas last year. Funding for the opportunity was one of the priorities during the budget negotiations in the Trump Administration is glad to have ensured that the programs extension was taken taking care of to the appropriations bill you today the president welcomed the president of the palestinian authority. The visit stemmed for focal the two leaders had. They can discuss in person ways to move forward on brands of agreement that would enter the palestinian conflict. The two leaders made their own statements does the bit ago but to give you a few Additional Details some of the topics that were discussed were advancing the palestinian peace. Strengthen efforts to combat terrorism measures to empower the palestinian economy. Additionally the present race concerned about the payments. They will host members of the white house board. We are proud to welcome that. Later tonight the Vice President will also deliver the keynote address in the 2017 campaign for life gala. They have more details on that and with that that will take your questions. On healthcare that the president feel like weve reached here. With the make or break moment. As what is the present doing with members. With members. I think he is making several points. One is the need that obama care is feeling. With that in some cases around the country the need to have a provider is becoming greater and greater. Two, costs are outofcontrol. These are two basic things that youve heard us talk about. It will help bring more people into this effort. And ensure that americans have a Healthcare System that gets them the care that they need a price that is affordable. Is a now or never kind of moment x. The president has made it clear before that hes not trying to set a date certain. As you have seen. They continue to move closer and closer to that time. In the number of members who are supporting it continues to grow further and further. I think it is very promising. That james comey gave Hillary Clinton a free pass. [indiscernible] the president has confidence in the director but i think clearly his point was after some of the comments that were made yesterday regarding the reason from the outcome of the election just like to wanted to make it clear what exactly happened. They appear to be directly involved. How much responsibility does a president plan to take. If we head about im not going to get ahead of the house leadership. My assumption is that they will call that when the number will put us over the top. You sought to votes. The Vice President and the chief of staff other members of the legislative affairs team members and talking to them and hearing their concerns. I think we have made this an unbelievable bill and it unbelievable replacement for obama care which is feeling. And as we have sought to do from the beginning. With president trump. Will the president sign it. And will it enable discrimination. I know that weve talked about it for a long time. We are were looking forward to having religious leaders from a multitude of backgrounds come to the white house. Answer the question thank you. [indiscernible] he tweeted yesterday that they would need funding for that. Thats exactly why they fought so hard. Give reaction to that would be awesome. We share that concern for the child as well as any child that needs care. To make sure that there was the extra layer of protection. That is why we are fighting so hard for this. Most importantly i think at the end of his monologue he said there is no republican and democrat. They are american policies. To make sure that we have a Healthcare System that doesnt matter where you live or your background that takes care of people. Weve talked about this endlessly. We have a Healthcare System that is not doing what its supposed to. Its costing people too much. Its giving people a card not coverage. By working with these members of congress. To make sure we have the strong as possible Healthcare System that gives them the care that they need that allows them to go see a dr. That covers preexisting editions and does so in a way that will not be out of range. And when asked about what Hillary Clinton said yesterday. She said if i have been in the election october 27 i wouldve one. If games ended in the Third Quarter it wouldve been a Different Team here last week but you play a game in four quarters and you play until election day. With all due respect to her. You dont get to pick the day that the election is on. I think there has been plenty of analysis on the election and where people chose to spend their time and resources in their messaging. It is somewhat sad that were still debating why the president one in the fashion that he did. Did he make the correct decision. I think the American Made the decision. Can you clarify for us what the areas of responsibility are what the areas of responsibility are i think she is built a very successful business. Shes been working with women to talk about impairment and education for quite some time. I think for her to bring both of her business and success in her passion for women and empowerment and education and interest into areas that they had been able to get to. To help bring attention to issues. The resources and knowledge. That young women and older women face in education. The New York Times reported this morning that she has a weekly meeting with the treasury secretary. She may be getting up to speed but i think her primary focus which she has always said were where her passion is and where her time as can be is can be spent is figuring out how to empower women. In young women and poverty of families and figuring out how to help them. And part of that is to head conversations with people in government. There is a lot of that. Back to healthcare. With the analysis it shows that they will pay nearly 26,000 per year. Under the new healthcare law. And then its is not nearly enough. Im wondering how does that square with the president s promise to both lower premiums and take care of those with preexisting conditions. It sounds interesting to me that without. There are so many variables that are unknown. The preexisting conditions are covered in the bill. States have the right to receive a waiver. Regardless of at no circumstance and anyone with continuous coverage. If someone chose not to have that. For someone to know how many people that is and what number of states are going to receive the waiver. To do an analysis of any level of factual basis would be not what we need. Will people in those pay higher. Everything weve done it shows that it goes down for them in a lot of ways. Remember what a small pool that is. If you have that currently the only factor is if you live in a state that potentially has asks for a waiver and then is granted it if you have continuous coverage they will never had a factor. The preexisting conditions are covered and that the cost continues to bend down. The congressman congressman this morning said he is confident from conversations with his government meant that they will not ask for a waiver. The preference is that we have states rights. As he stated repeatedly is that preexisting conditions are covered. Care coverage goes up. And costs go down. Those are the principles that continue to guide him. Some of the russian government is still involved in american politics. We rely on them. To provide the president with updates on what they are learning. It doesnt go that way. With all of the threats that the United States faces. Does he expect that. Im not trying to be quick on this. I dont know what he has recently briefed. I know that the questions were asked. I dont know whats happened between then and now. He called russia the greatest threat of any nation on earth. I think the president has been very clear that he thinks that threat that they pose. They have range capacity. Itll be threatening to the lives of americans and allies. With what youre saying about present trump. Yesterday the president that there was sufficient funding. You are to say that its possible to estimate what we need. Why did the president think that there was sufficient protection for those individuals with the pre existing conditions yesterday but today he believes 8 billion will cover it. What persuaded him that the number he has embraced yesterday was not sufficient. In this can in this particular case. They addressed it to that conversation said they head with the president. The concern that they head in the shared goal. The president as a congressman congressman long discussed outside expressed to him that that preexisting conditions were covered. They felt as though there were scenarios in which the high risk pool. It was a comfort it was not coverage it was cost. And through some of the analysis that the congressman upton and long had done the present agreed that if we head in the additional safety net not on the coverage but at the cost that that could insure that gets further down. In the present agreed at the end of the day they talked mbers this. To make it the strongest possible bill in the Healthcare System in which both the cost continues to go down i think that is one point. We keep forgetting this. Its not just replace obama care. This is not a theoretical discussion. It is pulling out of states and counties around the country are going down to one or zero choices. This is not a question of just replacing something. If we dont do something some people in this country well had no options for coverage. Weve got to do something and thats where the president has been willing to work with them. How do we get this done to make sure every american has the coverage they need. There are members of the house that will change dramatically in the setting. What is the message to those members who are concerned about that. Is he going to embrace whatever it may or may not come out. I think the process works as well. That is when both sides again well had the opportunity to do any changes. And how much stronger it has become. To achieve the goals of the he set out. And they will continue to work with them. To make sure we have everything covered. Our number one goal is to get out of the house and then had those conversations with the senate and then go to conference. In a Perfect World they would just take it straight up and we would go. We will go from there. With the legislative pics. They have turned their nose there no into yes. The president has always said hes willing to cure ideas this is a question for speaker ryan and mccarthy. If they feel like theyve got to a place where they have the votes necessary to take it to the floor based on the number of suggestions and fixes. It would be up to them. He continues to do so. If there is a point. I think were getting to that number closer and closer but that will be a decision that speaker ryan and leader mccarthy had to make. On timing i heard the president say he wanted at the bill to be taken up now. Lets get the bill right. What is your view. As a very important as far as demonstration is concerned they take place sooner rather than later. Obviously the sooner the better. We dont want to put it up for a vote. The goal is to pass it. You dont want to put it out and not move forward. The leadership is confident. I think he is in everything he can in terms of speaking with members of the house to get there. Ultimately that will be their decision to do it and i think we continue to feel optimistic about the direction that we seen the legislation go. On his Business Record and make better deals than the politicians in the past. Do they view it as a good bill. [indiscernible] i think we have done everything we can to do that. And every measure that the president has taken further only ensures that people get covered in every scenario but does so in a way that beds the cost curve down. With all due respect to say that i can karen t something that i can guarantee something, he does everything my every account to bend the cost curve down to help anybody that would fall into the small group of individuals to bend the cost curve down. The answer is yes. We have done every single thing possible to get that down. That potential is as small as possible. Number two it does everything to ensure that if the state seeks a waiver that they are still covered but it looks at every single possibility to ensure that people get the care that they need. Is this not being rushed through. Every piece of legislation goes through the process. I think we have a piece that makes it a stronger bill. Its something they been talking about and has the contours up for the of for the net last seven years. The president expects to see it. They believe they havent Going Forward. Under the spending bill. They have the clocks cleaned on this bill. How do you square that. This was a big win for republicans. This is a great deal for the president. He had 21 billion in military funding. It fully funds the largest pay raise in six years. Appearing increases in domestic spending for every dollar to dollar. And that 1. 52 billion in border security. It got 1. 32 billion coal miners which delivers on another promise that he made. There is no obama care bailout. It was something that the democrats wanted. This is something that we set the children benefit from this morning. It eliminates and terminates a hundred 50 programs or initiatives. When you look at what the president came forward with a month or so ago and said these are my priorities i think that is big. The president feels very good about what he got. I think its important to underscore two points. Number one in the senate when needed 60 votes. This head to be a bipartisan action because it is a spending bill therefore we needed to get democratic votes with us. If you look at the director mulvaney. We got that down to a dollar and 20 cents. That is a huge win for the president. The other thing that is important to understand is that this is just the final five months. Any president coming into office would not get a first shot at a budget till the end of september after they were elected. He got to put it there right out of the gate. Something that shouldve happened during the obama ministration he has his priorities a down payment on them. This is at least the Fourth Administration with optimistic predictions. What is can be different this time. I think the man is different. The president s diplomacy style is paying dividends whether it is getting someone who is held for years released where the action or the action that china has taken. The relationships in the foundation that the president is rebuilding are going to pay huge dividends for this country. But this president s style is one to develop a personal bond with individuals. At the i think you saw that today. You saw the relationship that exists and is only getting stronger between him and Prime Minister netanyahu. They are increasing their desire for peace. You have an individual in china has taken significant action to help work with the others. That has been unprecedented. It is a back room diplomacy. Its something that is can it continue to pay dividends. They said i dont know why they are been wasting their time. Thank you, for an opportunity to show you some things. If i get that first image up. You ask. This is what exists right now and throughout our country. This is the barrier that exist. They are little things. Those images represent in the Current Border security. According to a report from earlier this year. The customs and Border Patrol recorded 9,200 and 87 breaches in pedestrian fencing. So every time that the cut through in breakthrough. For us to go out had to fix. The bill that is about to get past title vi which pertains to the department of homeland security. For procurement, construction and improvements of that total 341. 2 million article. Two replace existing primary pedestrian border fencing along the southwest border using previously deployed and operationally defective designs. They prioritize it in safety. That is your answer. We have a porous border right now with broken fences and things that can be cut through. They can literally be driven over. To replace this with 20foot high ballard wall will protect our country. Something at the dhs has designated the most effective way to do this. Thats what we got out of this bill. Are they photos of fences or walls. There are various types of walls that can be built. Under the legislation that was just pass. As we mentioned is called a levee wall on the left. Thats what is actually called. Thats the name of it. In this current bill allows us to do the following. To be clear we have what was in the first slide. They are areas in which someone could really cut through. What we have done is taken the tools that we have two replace them. It is currently at our southern border. We are able to go in there. And replace it with that. Lets just be clear. This is the 2,017th budget. The president this is a down payment as i mentioned to john roberts the idea that we even got a shot at this is something that should been done last term. With the opportunity to use the last five months to get the president s priorities jumpstarted. To answer the question. We are going to be starting to do this in san diego, el paso in the and rio grande valley. They can be satisfied with the existing tough diet fencing until hes ready to build a wall. The president said he was gonna build a wall and he is doing it. Hes using the best technology. This is the most effective way to keep people out to stop drugs and cartel. It is real. In israel. What is the view on those remarks. I think the Vice President commented yesterday. They continue to be a discussion. Obviously were not going to do that. Thats why the president is able to get things done for this country. He is can it continue to head discussions moving forward and he feels confident about where that relationship was. I am not going to negotiate what they are talking about. Im just telling you that we are not going to negotiate from the podium. He said frankly that its maybe not as difficult as people have thought. Why does he believe this. They may not be as difficult. I think both of these leaders have the confidence that they have. The relationship that hes built to visually and that trust and respect that they head for them. I think in discussions f them. Feels very optimistic on the share shared goal that everybody has. There are a lot of issues that had to get covered. They respect the ability to want to get that done. I think this is something that he really wants to have happen. That is the most popular thing in obama care