Sos look at this, issue lefthand side of screen a gain for dow industrials a half hour from now, servers believe that the if business pays less, about the economy will grow more, record highs are coming today, all right now the new york city terror attack lend killer rl 29yearo 29yearoldyearold Sayfullo Saipov from is you about an in 20 so o not on the travel list he came to america socalled diversity visa. That is the focus of attention now. How come 50,000 people a year are let in under this program . Sayfullo saipov drove a represented truck down a bike path 8 yesterday hats off to, noers thousands turned out for the the halloween parade a mile of scene hats off to police he refused to cancel festivities no retreat, yes, it is wednesday, november 1 almost one year since election, oh what a year are it has been Varney Company is about to begin. I got oh, my gosh, oh, my god i need ambulance propriety here right here have. Tboned, come on, right there. One female that i saw you a in body she have must have seen it actually happen. Because she just kept screaming it was stuart tough stuff eye wins accounts of terror attack Lower Manhattan an update what is the very latest. The suspect himself is out of surgery, the big question now is what do we to me about this guy . We do know that the mosque in paterson, new jersey in new york area three months attended a mosque literally right next door to it three months that mosque has been on nypd radar quite sometime as you mentioned he came to this country search on years ago under Diversity Visa Program, are 50,000 advise az handed out a year all you have to do by the way, is is prove you have a clean criminal record how do we know we can trust that High School Diploma or equivalent two years of Work Experience last five years you are in if a lottery, this is part of a will about i introduced by fine new york senator Chuck Schumer back in 1995. But they did find isis writings in arabic in truck he used to murder 8 people a print out of isis flag isis groups affiliated say they are celebrating what this guy did yesterday. All right. We are not done with this a lot more coming, but going to move away from terror to politics, the other bile headlined of the day republicans, delaying the rollout of latest tax plan at least will no tomorrow. Of them joining us now senator from republican from iowa, why this delay . Have well, of course, we want to make sure that if we are pushing out a large tax reform bill the largest probably he since 1986 we want to make sure it is right, so if the us who is delayed, a day, house delayed a day not that concerned i am very positive about the outlook, so very excited to see what is in the tax. We have seen broad outline and a according to paul ryan, the 1 will either way same amount of money in tax or maybe pay even more, this is not the big tax tax cut that was promised for all people, is it . Right. So it is interesting that discussions that are so out there again we have to look at what ends up in the bill, i am hoping that we see is savings across the board for everyone but we need to focus, too on middle lower income the Republican Party promised that all tax pairs would get a cut paul ryan says top tax rate 39. 6 says that is not a cut it stays if you get rid of dokes for state and local taxes, especially in high tax states, the top 1 going to pay more than they pay now. You bet, that is a concern. That is a concern. So we do want to see those great tax cuts, we have to focus like i said, on those middle and lower income wage earners, i know in the iowa wages have been stagnant if the we can to have more on that Corporate Tax rate making sure that we get back to 20 as president proposed get that at their rightofway not feed off in, we will see great impact to the economy, and hopefully, we can help those that are caught more in the middle, i would love to see tax cuts for everyone, but we we do have to see what the impacts will be for all vrs other families. I want to move to terror attack President Trump tweeting about it said this after the trr attack the terrorist tris came into our country through you what is called Diversity Visa Lottery ProgramChuck Schumer beauty. I want merit based. What do you say in response to that what about this with did iversity practice many. America is a adherdiverse nan we need to looking at thoses want to provide for families do right thing we want fox he that love america to dont want want about the to bring know we have to do something about radical radical terrorists. I know youve got to run for a vote we appreciate that, thanks very much for takingings the time with us this morning much issue issue appreciated to markets look at this we are going to open up with a great big rally up 120 maybe 130 forrios antibiotics close to 23500 if not beyond that columnist with fiscal times with us i think this rally today, is despite delay in tax package i think all about immediate 20 tax corporations. Notion that was phased in over several years anathema to Business Community and investors, because the prospect was that businesses would delay investment building up businesses hiring people in anticipation of lower rates that is an economic disincentive so this is very good news, the delay is not good news to me, it makes me worry that a lot of big issues are still unresolved, you know what is concerning here is that this begins to sound like k have bill where it is ready it is ready examine he went we really havent figured it out yet k i hope they come out with it tomorrow and that it makes sense. I got to admit i woke up this morning i looked at how futures were doing i saw a big gain then i saw the second headlined tax rollout delayed. Many. What is happening . What is going on why is this market about rallying like this i think the answer is as you suggest, the 20 tax, what bothers me is that upper income people, especially he those who live in high tax states, because absolutely, and spending comes from that demographic so this is not great news for at the retailers luxury retailers et cetera, i think it is bad policy, actually, i think that everyone should get an improved incentive and, by the way, theings taxes raised on rich during their Obama Administration isnt just a flat station now in you situation taxes are higher. I must admit certain sense of glee, wealth liberals new York New Jersey california,. They will pay more i mean the democrats get what they want tax the rich. The going to tax themselves. You know. This is an appropriate time to remember that because of John John Mccain k a trillion plus dollars was taken away from tax reform, because he tauged a are terrible are decision on part of mccain, here is where we are really trying to get this done. It is a middle class tax cut, it is is a growth tax cut. That is the bottom line here. Have we do indeed, stay there a lot more for you, by the way, we are going to have a lot more on socalled Diversity Visa Program that the new york terror suspect used to get into our country, we are on this, believe me, plus, netflix says will halted production of house of cards on the heels of allegations Sexual Harassment against the star are a kevin spacey o former House Speaker he john boehner on expletive laced rant against redeems calling outs former congressman by name i am he says you disappointed in boehner will be on this program so 10 00 this morning pb more after this. Looking from a fresh perspective can make all the difference. 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We help keep you safe, so you can feel secure. Call 1888337safe or visit adt. Com and get your adt starter kit for just 49. 00. Stuart well, look at facebook and apple, both on the upside, they report their earnings about 4 00 this afternoon, obviously that is going to be a key determinant of where they go from here right now, youve got a new high for facebook about 181 almost 182, apple on cusp of 170 big gains here we go, there is a decline in if gun sales, and that drove down a profit declining gun sales across the board i dont know certainly, lower on sales. U. S. Steel profit more than doubled from a year earlier, better prices that stock up, up 8 big gain who would have thought get back to new york city terror attack suspect entered this country through the Diversity Visa Program, President Trump wants to end it that is the program he came in on. Joining Us Us National Security and Foreign Policy analyst straighten out, please this is a program, that brings in what 50,000 people a year, and do they come from muslim kinds am i right. Possibly over past few years basically it is a program that is is regulated by authorities here to make sure that there is is sort of quality in have diversity the bottom line very popular with people he will who apply and think they could get the question is is this practice many really necessary. We have hundreds of thousands of legal immigrants coming like you and me and others apply, andnd authorities have privilege and right to accept or not accept, this is not something that they have a fundamental right to emigrate you have a privilege to emgrait this program launched 17 years ago very possible about that u. S. Government now can look at the situation say we dont need it we have other ways to get immigrants in the other pron blem the diversity one or norma track, we need to have vetting regardless. A what can you vet people from if i used k expression third worldkins not trying to be pejorative k i rely on Motor Vehicle records from somalia wherever educational records from you see uzbekistan are these reliable cabinetries who you are bringing in. This is the lower part of vetting we want to make sure that the persons coming in are not involved in something obviously about that is criminality or organically linked to organization that we know is terrorist but we have not done, over the past 8 years 1 2 under Obama Administration, anything that has to do with ideology vetting is not about paperwork it is about the mind, these medium basically jihadists look system vetting peculiar to israel asked you see individuals who haves visa 1,000 questions way to detect if inclined to become about jihadist we dont have it in United States. Finance minister i raicht if i say would i like to keep these people out. No your opinion you would be racist if you want to do harm because of skin color or religion but what you are talking about is keeping the g jihadists out in not individuals like myself. You really want defend cities sidewalks towns, crowds, against this kind of attack number two you dont have manpower dont have staff, to o surveil people maybe popping up on radar screen 1, you you cant do i fully agree i think what we need to do is to educate the public, many will countries in the region and and now probably in europe are telling the public, what is the threat how do you detect it would help a little bit. Not that much, huh . I mean i dont maintain to be defeatistist you you cant eradicate it to let can you . Thank you cannot do it out immediately overnight what you can do is you know a long range travel educating the public coordinating the intelligence, and basically winning the wars overseas but that is a 10 year project look we have been in this war since ins 2001. Have we done right thing 16 years would have been in more he peaceful situation today. To a thank you very much for joining us another terror occasion thank you appreciate it. Thank you. Then we have a billionaire democrat donor says his online petition asking congress to impeach President Trump got more than a million signatures first week, that is a high number. It is close to 1. 2, over 10 Million Dollars to air this his point is says that his argument is that the trump administrations pofs immediate endangering to a health and safety of america arcing this administration doesnt have a clue that Republican Congress wants to impeach president far less than trump administration, so what have is end game there are many say he is preparing for run for the california governors position whatever he says, maybe, i am will willing to do anything to try and contribute to getting is back on a growth path interesting coming from the california. Growth k path . Yes. How can you about a either what we have had so far . Especially he is when you k are 8 previous years Obama Administration he says getting what is endgame i dont know certainly got positiven signatures spending a lot. I think really hurt hurting the app the this dplaments requesting to get onboard on impeachment. America thinks unfair polling has joen let meing it matt president ,ings that is the Something Fund in the past, and my guess is among other things completely offended by direction of environmental laws. Going to take you to florida New York Stock Exchange where there will be a moment of silence of the tr victims yesterday we will observe whoooo. I enjoy the fresher things in life. Fresh towels. Fresh soaps. And of course, tripadvisors freshest, lowest. Prices. So if youre anything. Youll want to check tripadvisor. We now instantly compare prices. From over 200 booking sites. To find you the lowest price. On the hotel you want. Go on, try something fresh. Tripadvisor. The latest reviews. The lowest prices. Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. Stuart movements from now you are going to see a explosive and i think in expected rally, when you got up this morning you saw futures you didnt expect this. No, the delay in the tax being a plan coming out suggests all kinds of surprising to me. Rebound, in have private Sector Employment chinese manufacturing through roof oil prices twoyear high reflects that is going on around the world then amazing corporate arranges put that together very positive. Doubledigit corporate earnings texas pmi. Big number chicago pmi up are looking strong. The latest profit report from facebook and apple record highs both stocks and a for the overall market . What a day this is going to be moments from now. Building a website in under an hour is easy with gocentral. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. Stuart if youre just tuning in, you may be expected to see the market go down. Its not going to go down, itll go straight up. Why do we have it going straight up . We have an answer for you in about 5 seconds though, you will see this market go straight up. We are going to be up about 100 plus right from the getgo and yes, we are. Ashley here we go. Stuart 65, 82, a solid rally right from the start. Plenty of green in the lefthand side of the screen. 23,466, 67, up 90. Youre pretty close to 23,500. Halfway, shall we say, towards 24,000. Here we go. Up nearly 100 points. Thats a gain of. 4 . How about the s p . Up 3 the s p, how about the nasdaq . Are techs performing very well . Yes, they are, nearly half percent. All timehigh for nasdaq composite. Apple, thats an alltime high, i think its awfully close at least. 169. 68. They report earnings tomorrow afternoon. Facebook, thats a new high. 182. 48, they report profit this is afternoon. This is going to be a big day, who is going to help me cover it . Ashley webster, i elizabeth peek and sean, the allstar team and hopefully liz mcdonald who will hopefully be back next week. Market up despite delay in tax plan. Is this rally because we are going to get a 20 Corporate Tax rate quickly . No, i dont think its because, the hope is baked in there. Thats part of what the rally is about. Right now its about earnings, earnings. Washington is taking a backseat. If we dont see a tax cut this year, hopefully we will see it next year. The markets want to see that and they expect. Right now, its all about earnings and they have been fabulous. Stuart liz, the market is expecting a tacurupacuage and expecting it to pass and they hope, believe that its a 20 Corporate Tax rate. And not a fazed in 20 tax rate. Markets tanked immediately when that came across the wires, this has to do with the turnaround in the expectation and earnings. Stuart we did make a gain for over 100 points. For those listening in the radio, we did go up 100 points, now 93. Now, market did not seem to react at all to the terror attack in new york city. Could i summarize like this, liz, the market doesnt rea