Interest rate hike this year. Train to the nikkei hitting the me 96. South korea kospi hitting a record high. Lauren a billion dollars battle for me the big bucks from uber as well as an apology for using a self driving car technology. Fbn am starts right now. Trained to fight the winning in in new york. Tuesday cannot over 12 00 p. M. Cheryl casone. Lauren one more like corporate and lauren simonetti. Thanks for joining us. Cheryl agosto Travis Kalanick is hunting over. He is alive and well, by the way. Weve got breaking news this morning on the president. President trump is going it alone to unwind obamacare. He said to sign an executive order today that will expand lower Cost Health Plan and boost competition in the insurance market. It appeared exclusively last night, he talked about the plan. Blew a great across state lines. It will cost the government nothing. Private insurers will give you Incredible Health care. People say 25 , some people say 50 . Well cover a large percentage of the people. Cheryl executive action to allow Small Businesses or groups to band together to buy health insurance. Lauren Health Care Tax reform. These are the big items on the legislative agenda. President trump promoting his plan in harrisburg, pennsylvania last night. We want lower taxes, bigger paychecks and more jobs. Our plan goes for me tax bracket done before. It spans 20 tax bracket lately, spans the child tax credit, repeal of the estate tax and specialinterest tax when it comes to the business tax we are now dead last among developing nations. Our rate is the least competitive rate. We have the highest tax rate anywhere in the world. How foolish is based. They need a tax system that is fair to working families and encourages companies to stay in america. That is why we propose tax cuts that are progrowth, projobs, proworker, profamily and proamerica. For that to happen in the senate needs to first pass the budget that would erase the deficit for some republican lawmakers including rand paul predicted vote against the resolution because it doesnt reduce the deficit. The tree into the big fight thats going to happen. The scandal surrounding Harvey Weinstein continues to develop in hollywood. Silence about the Sexual Harassment and the goal allegations saying against and theres a lot of pain for my family that i take responsibility for. My wife sure she knew i loved more than anything and discuss what is best for family. The possibility of a separation and encourage her to do with the heart. In the end she made the decision to separate. Tmc reported wednesday and left los angeles yesterday for arizona to enter rehab. So poor she was going to europe. Lauren the Justice Department ordered the fbi to open investigation into weinstein. Tmc reporting that jay z is looking to buy the company in the Motion Picture is that this board of governors will do the right of the meeting this saturday to discuss any actions warranted by the academy. The actions that are fast and furious after this went on for decades. Trying to undo the lawsuits begin as well. Those are coming. We will stay in california had north of massive wildfires happening in Northern California. Youve got strong Winds Continuing to fuel the flames. At least 23 dates confirmed so far in these fires, about 35,000 homes and hundreds of people still pretty missing. 20 wildfires burning right now. Its extreme, unpredictable because the weather is constantly changing and making it very difficult for us to get containment sooner than later. Lauren Southern California cooler weather helping firefighters they are gaining ground against a wildfire that scorched about 14 square miles. Fire Officials Say full containment is expected by sunday. A live report from california just a bit. Cheryl new details emerge in a highstakes battle over the self driving car business. Lauren Tracee Carrasco joining us to add. Good morning. Tracee good morning. Uber cant seem to shake this drama. Asking for 1 billion in damages and a public apology as conditions for settling a profile trade secret lawsuit. The self driving car get a driving car unit also asked an independent monitor be appointed to ensure labor does its technology in the future. No further settlement talks are currently scheduled. Lauren as he said they can shake Travis Kalanick pure cheryl the company cant get out of its own way. Im sure culture cant be good right now as well. Trade for Parent Company coaches changing its name. At the end of the month it will become tapestry inc. The name changes reflect the votes both including kate spade and stuart weitzman. Coach bags, accessories and stores will continue to carry the brand name. Cheryl you dont like it either. Tracee a lot of people online didnt like it. Cheryl from clothing to food, getting customers in the note. Tracee i dont know if i get on board at this time, but are these burning back the fan favorite denison see much in time hunting season. It is a vague idea meat marinated garlic topped with a cabernet steak sauce and crispy onions. It will be available at all or these restaurants. Also rolling out a completely new item come to the elk sandwich featuring a blackberry for steak sauce on a toasted special tivo available in colorado, wyoming and montana. Get those images starting october 21st. Lauren the venice in soldout. Transfer was only available in a few states. They saw people really liked it and they are expanding it. Lauren nationwide. Thanks, tracee. Lauren the government wants a piece of action from Companies Like alibaba. We will tell you why in just a day. Boy scouts went to the grocery nightclub that theyve gone too far this time around. Bush any of the market is getting ready to open this thursday morning after another record high. Dow futures down 22, nasdaq down five. We will be right back. St innovative campuses. Or bringing wifi to 65,000 fans. Businesses count on communication, and communication counts on centurylink. Cheryl welcome back. Lets get you caught up on whats happening now. President trump at the cybersecurity expert to be his next Homeland Security. Nominating deputy chief of staff, former Homeland Security official in the george w. Bush administration. Confirm schuyler place former secretary john kelly and the white house. China wants to rain and the growing power of private tech companies. The wall street journal wall street journal reported beijing is pushing Companies Like alibaba to sell a small share to the government to have a direct role of corporate decisions. The boy scouts of america are making a big change. Opening the door to girls. They will be admitted into the cub scouts which allows them eventually to move up to the rank of eagle scout. But the girl scouts are unhappy with the move calling it increase membership, lauren. I liked being a girl scout and brownie. I think i would stick around at the girl scouts. Cheryl people are saying this is the pc police going too far. President trump expected to sign an executive order on health care today. A major step to fulfill one of his campaign promises, repealing obama cared one day after he took his tax plan on the road hoping to sell it to the american public. Democratic strategist, good to see it this morning. Thank you so much. Good to see you. Do you think the selling of the tax plan work . Im a glass halffull kind of guy. More than anything i was encouraged to see what he was talking about infrastructure before he went on to the tax plan because democrats really want to work with them on infrastructure. The tax plan is just a starting point. My biggest concern for his tax plan, though, is the guiding basically the Home Mortgage interest deduction. People whose homes are worth 801,000 or more will be able to keep that, but that still leaves middle americans in the lurch with that. Im concerned that that because the National Association of realtors and National HomeBuilders Association by their estimates will lose 10 of their home value. I see this as a starting point. I dont see it passing with that, but i think we will have room for negotiation as far as that goes. I know for middle americans, okay, so a family of six he said making 90,000 a year will get a thousand dollars in tax savings, but if they end up losing 10 of their home value, that is not enough to upset the savings. That is a concern but i think its a start. Cheryl a lot of good information there. Before we get into how this could help the middle class, one of talk about mortgage deductions in the state and local deductions threaten to be eliminated here. Both of them are huge on the coasts in states like new york as well as california. As for mortgage interest deductions, 3700 on average. You are afraid that could go away for a lot of people. Just, like i said that goes away for people whose homes are worth less than 801,000. That is the concern. The concern is it will be incentivized people to buy real estate because we will see more people renting because theyre not able to take advantage of the deductions of their homes are worth less than that. The National Association of realtors and the Home Builders association are lobbying hard against this and theyre one of the most powerful in the country. I think they have some clout and that may change. Lauren would he think it ends up when we come to this state and local deductions being eliminated . I think its 44 million to tell you the truth. Of course. Theyll affect people who file a 1099. That will affect the most. Thats another place we are going to have some changes if hes wanting to get democratic support because that affects Small Business owners who are independent, subcontract tears. I myself am one so i expect ill change it is looking to seriously get bipartisan support. We are ready to help it that is one of the areas we have to label around. Lauren how it helps the middle class. Seven brackets going down to three, but now it looks like we will have four bracket zero, 12, 25 and 35 rate in more people going to 0 . Does not help the middle class. Advance to a point. Sarah Huckabee Sanders and her press release said 75 of americans do not itemize. The majority of those people will actually benefit by filing the webpage income tax plan, but those of us who do itemize who are smallbusiness owners from independents and contractors are talking about 25 of the United States. That is my concern for them and thats when we have to bridge the divide. Trying to we havent even discussed how corporations will benefit here whether its repatriation of foreign profits were through much lower corporate rates and rates for Small Businesses as well. Really feel the economy. Is that a result of people painless business taxes. A much more substantial deduction i believe upper uppermiddleclass, middleclass middleclass americans will get americans who give one by 1 im not mistaken people making more than 440,000, 14 and then corporations come in various go down to 25 . Hopefully that does deal with the economy. It worked for reagan, so we will see. Lauren now the question is when they can get this passed. Good to see you. Youtube. Thank you so much. Lauren 2018 is the wells fargo prediction. Whatever you think the 2015th pak starcher looks like, is it going to say . Coming up, bigger than a house, is going to become end quote, pretty close to earth. The National Observatory discovered that a number of asteroids now pose significant risk to our planet. Cheryl we will have that will have bad. Any relief in sight for california . Wildfires continue to reach out bias. Fox meteorologist janice dean has the forecast. Stock market futures on the thursday as you can see after the fed minutes yesterday reporting to kind of an open right now. You are watching fbn am. The can i kick it . Yes you can can i kick it . Yes you can can i kick it . Yes you can well im gone cheryl its not a bird, its not a bird, its not a plane, its an asteroid moving very close to earth today. Of course closed means about 26,000 miles away. To put that into perspective, the moon is 249,000 miles away. This particular asteroid has not been seen since 2012 but traveling in a rocket speed of 16,000 miles per hour. That image is really cool. California still with a raging wildfire and it seems there is no relief in sight. Cheryl foxy new meteorologist janice dean has been tracking it. Good morning. Good morning pit explosive fire growth for the weather is not helping you. And youre at High Pressure building asher wins, the fastmoving list of the valleys and canyons are going to return so we have red flag warning for millions of people, including northern and Southern California and the areas we are watching very carefully for fires that have 0 containment. A lot of lives at risk youre in the is not helping at all. Relative humidity forecast, no one assuring the forecast in terms of rainfall. It is all north of california where they are getting some of the rain and mountain snow. Forecast rainfall over the next five days certainly across the northwest and into the interior north west interior north west, but very dry conditions for california and the southwest. Watching carefully over the next couple days. Dry, dusty asher wins and no rain in the forecast. Just like to play now with cooler temperatures in the wake of a cold front still very warm summertime air across the south. Another cold front marching in against the northwest and rockies will bring temperatures down for the midwest. Up to 80 again on sunday in new york. A quick taste of summertime and then we go back to fall next week. You keep giving the forecast, if you like this just for me. 80 degrees. Lauren do guys remember when your allowances cash . How will they not much can the bucks if youre lucky. What is being called a teenage allowing for the 21st century. Anything from amazon to tell you about where teenagers are shopping on their parents died. And the oldest 50,000 prize for guessing the newest flavor. Well be right back. Hi, im the internet you know whats difficult . Armless bowling. You got this, jimmy you know whats easy . Building your website with godaddy. Pick a domain name. Choose a design. You can build a website in under an hour. Now thats a strike get your domain today and get a free trial of gocentral. Build a better website in under an hour. I love you. I have a problem with Donald Trumps tax plan. A big problem. Eighty percent 80 of the tax cuts go to the top one percent. The richest americans. And big corporations get a huge tax break. But a lot of families like ours will pay more. Millions in the middle class will actually pay higher taxes. Thats right. Higher taxes to pay for the tax cuts for the wealthy and big corporations. No Early Morning tweet can make that right. The trump tax plan is just bad for america. Lauren breaking news this morning. President trump wants to give the American Dream is a 4000 rage and is also set to sign an executive order double underlined obamacare this morning. Cheryl disgraced hollywood mogul Harvey Weinstein and arizona this morning for rehab to the Justice Department orders an investigation into allegations of sexualharassment imbecile. Lauren more records for the u. S. Averages yesterday. We await report cards are based including Jpmorgan Chase and citigroup. The features done 17. Stocks open flat. Check out asia. Japans nikkei getting the highest level since 1996. The kospi at an alltime high. Cheryl you may have heard about or is 50,000 prize for guessing the mysterious flavor, but thanks to the internet weve got the answer already. Fbn am starts right now. Just about 5 30 uremia. Thursday, there were 12 good lauren simonetti. Cheryl good morning. Im cheryl casone. But you dont get enough sleep, or a sound good for pipe is. Spinnaker looks like a regular oreo. But its actually something else. Lauren breaking news this morning President Trump is doing today will start to unwind to sign an executive order to expand the low Cost Health Plan. And at the exclusive last night talked about the plan in this interview. Grade health care across lines to allow private insurers to give you Incredible Health care. People say 30 , 25 and some people say 50 . A large percentage of the people. Lauren the executive action also expected to allow Small Businesses and other groups and band together to buy health insurance. Banding together to get plans. Cheryl authority so expensive. Lets talk about tax reform right now. President trump promoting his tax plan in a speech in pennsylvania. We want lower taxes, bigger paychecks and more jobs. Our plan goes for an eight tax brackets down to four. Expands the zero tax bracket greatly, expands the child tax credit, repeal of the estate tax in specialinterest tax breaks when it comes to the business tax. We are now dead last among developed nations. Our rate is the least competitive rate. We have the highest tax rate anywhere in the world. How foolish is this . We need a tax system that is fair to working families and encourages companies to stay in america. That is why we have proposed tax cuts that are progrowth, projobs, proworker, profamily and proamerican. Cheryl trump was fired if was fired up after the senate needs to pass a budget first that would raise the deficit for republican lawmakers including senator rand paul. It basically doesnt reduce the deficit. Rand paul of course have a full repeal of obamacare as well. Hes t