The tax plan as a new report says the the plan from the senate could be very different and delay in the Corporate Tax cut for a year. What . Congressman tom rice from the house ways and Means Committee will respond. President trump in china issue issuing a stern message for north cree. Dont mess at usa. Ambassador john bolton with that. New accusations from chairwoman donna pray seal, brazile, comparing the Clinton Campaign to a cult. Another good day for Nicole Petallides to follow. She joins us from the floor from the new york stock exchange. Hi connell. 401 k or ira. It crossed the 900 billion mark for market cap. Largest company in the world. So that was a pretty big deal. Well watch for the next stop. That would be one trillion. That would be 194. 77 a share according Senior Editor charlie brady. You can watch for that. We had big breaking news on time warner, at t. This is story going on all day. Time warner down 6 1 2 . At t, actually started lower, moved higher on the news but the department of justice looking closely at this 85 billion deal which really started last october. And it is now, theyre standing in the way. Theyre talking about possible laying the groundwork for a lawsuit. They are saying that the deal is uncertain. There is talk of selling cnn, directv, or hbo in order to make this happen. At t managed to move higher. A day of records. Toss it back to you. Well wait on the fox earnings as well. Thank you, nicole. You said it. It was one year ago today, americans went to the polls and donald trump was elected as the 45th president of the United States. And at the time wall street was bracing itself for this overnight for a panic that in the end never came remember that major selloff if donald trump elected . Forget it. Connell can use the word roil by mr. As man. Steve cortes, hispanic 100, former advisor to the Trump Campaign. Adam lashinsky is also with us, adam from fortune. Both steve and adam are fox news contributors. We can sit here, guys, steve start with you, hey, how much of this rally is donald trump responsible for . We could debate that all day. There is no real answer, right . What do you think is the biggest contribution, steve, this president has made to this stock market rally, or the environment that has set us up for this rally . Connell, listen, just a few blocks from where you are right now, down sixth avenue at the new york hilton, i saw that happen, not only was i a Trump Campaign operative but a markets guy. I saw what was happening that night with the dow cratering. Guess what . It recovered to unchanged by morning and has done nothing but soar ever since. Up 28 using the dow as an indicator since that day but why . I believe two things. One is deregulation. Thankfully he doesnt need the congress on that. He largely done that on his own. That is hard to explain to a lot of folks, if theyre not involved with on the ground small business, how onerous regulation is to their lives, to their businesses to their growth. So the regulatory relief has been unbelievably enlivening to the economy at large. Connell all right. I think the second aspect this is key. We dont pay enough attention to the intangibles. Just the belief that we can grow. A belief better times are ahead. Connell people do business. Better feeling. Selfperpetuating to invest, to hire, to take risks. Connell i get it. Is that fair, adam has the president in your view created a better environment for business . Is that fair . Well i was thinking as steve was talking with cratering of the market on election night, shows you what the market knows which is not necessarily much. That was a situation of uncertainty, recovered quickly. To steves point, factually speaking the one thing this president has done nobody can dispute, he has taken a hatchet to many regulations. He is promise to take a hatchet to more. That does give Business People confidence they can make more money out the government getting in their way, without the government enforcing certain Safety Standards and other standards. That is good for profits. As to the larger point, this economy has been growing for what, eight, nine years . The market has been growing since the financial crisis. Connell right. That is the, that is the situation in the country today. It has relatively little to do with this administration. The regulations connell interrupt you guys. Well get back to both of you. I interrupt you. We have breaking news. Breaking earnings news. Nicole back with us from the media sector, our Parent Company, twentyfirst century fox. What do you have, nicole . Looking pretty good, earnings per quarter right in line with estimates. We go to revenue the beat the estimate of 6. 8 billion. Up nearly 1 right now. With these numbers we are seeing revenue up by about 5 yearoveryear, so that is some good news there. Were waiting on the Conference Call to find out more, see if there is any mention of anything disney or anything like that. Theyre saying what theyre seeing so far, puts us on track to achieve the over all financial and operation objectives. Connell right. So good news here. We lost some of the gains, unchanged at moment. Up arrows now for twentyfirst century fox. Connell as you say, Conference Call always key. Nicole, thanks. Get back to this. Get back to the markets. Melissa with a big interview. Melissa Tax Writing Committee in the house is currently marking up their bill as the senate will release their own bill following the house markup. The Washington Post is reporting there may be significant differences between the bills. Here is republican congressman tom rice from south carolina. He is on the house ways and Means Committee. Thank you for joining us, sir. What do you think of these reports, there are big differences. Are they true . Thank you, melissa, for having me. I havent seen the senates proposal. Melissa you must be hearing buzz . Were in the middle of markup. Weve been in day long meetings. This is the their day, probably tomorrow the fourth day. I havent had a lot of opportunity to review the news. Were very excited about your plan. Ive been listening to the preshow while waiting for interview. All the optimism driving the stock market i think well get this plan passed. It will continue to grow our economy and continue to build optimism. Melissa a lot of comments ive been hearing today, that people think, both in the know and people that are watching from the sidelines, that the final bill that gets through isnt going to look very much what youre working on right now. What would you say to those people . I say theyre wrong. Im sure there will be changes around the edges. I think basic tenets will stay the same. Reducing business rates. Stimulating economy allowing businesses to write off capital improvements. Melissa yeah. Putting more money in the pockets of middleclass americans. I think all those basic legs will be there. I think that will grow our economy. We just, we just got out of eight years of the obama administration. In eight years we did not have one year where we got to 3 gdp. Melissa youre preaching to the choir here because were an economic show. So we definitely understand that. And look forward to more growth. Donald trump has been in for nine months. We already had two quarters of 3 plus. If we get the tax return plan, done, it will be 3 1 2 plus. Melissa that would be great. Millions more jobs. That will put thousands more dollars in the pockets of average american family. You will see the economy skyrocket. Melissa what is one thing you would give away to the democrats to get more on board to make sure you got the votes . There is a lot of criticism, accurate or in the, this is tax break for the rich, Donald Trumps friends, President Trumps friend. What do you think is the first thing you would be willing to put on the table maybe get some democrats on board . Would it have to do with the estate tax, the death tax, maybe . You know. Im very proud of the plan that we have put out there. In terms of two objectives i had, the first was stimulating the economy. I think this, every economist that has looked at it we talked to says, they vary in the amounts but all say it will stimulate the economy. Second, the distribution of the tax benefits. That wasnt my primary goal. I think that is small potatoes. I think big thing is the economic benefit coming to the american family. You know the democrats have been very focused on the distribution of income, of the tax benefits among all income strata. The tax foundation, the Washington Post, the joint committee on taxation, have all very clearly said, that all levels of income of American Families will benefit from this. So the, amendments that the democrats are offering in the ways and Means Committee are namely targeted to specific things. Not really melissa like what . They wanted money for firsttime home buyer. Melissa would you agree to that . I dont, i think the best thing we can do for firsttime home buyers is repeal doddfrank, or take a lot of regulations off Community Banks that prevent people from getting loans. That is what is Holding People out of the housing market. Not that they need a firsttime tax credit. In fact i pointed out to the committee, you put all these regulations on banks prevent people from getting loans. Then you want to pay 8,000 to help people get around regulations that you put in place. Melissa yeah. Best thing we can do for the consumer, get our economy moving, stimulate the economy, American People are realizing that they will never fet anywhere with entitlement. They would allow the government to take care of them. They will always live in poverty. Melissa congressman rice, thank you for your time. Thank you, melissa. Panel interrupted, we were talking about the market at the time. As we go back to adam and steve, comments from the congressman are interesting. Adam go to you, he is making argument on growth. Citing numbers we are already seen, the Trump Administration says well see more. If the corporate rate does not go down immediately. If dont go down immediately, phased in over time, what will that do in your view . Well, i think that is a prudent way to go about doing this. Okay. Gives companies the time to plan for it. But if the presumption is slashing corporate rate will boost growth quickly, then slashing it more slowly will boost growth more slowly. There is no way around that. It also hits deficit less. Connell that is a good point. The other thing i want to ask you guys about, steve, go to you on this, Tax Policy Center analysis came out, this is republican plan. If this analysis is correct, 7 of taxpayers will be paying high every taxes, immediately. By the year 2027. 25 of taxpayers will be paying higher taxes. What do you make of that . Well, connell that is possible. First trying to predict anything 10 years out, whether financial markets, tax policy, or who will win the super bowl is pretty crazy. I dont put a ton of credence in 10year projections. I will say are some people seeing their taxes go up, people who got unfair loopholes until now . Perhaps they are. The bigger point, i think, i think this is the point for most of our viewers. Certainly for most people who voted for donald trump, we need economic pie to grow. If the pie grows, even if your share of taxes happens to go up, it will be on much bigger top line income number. How do we get that pie to grow. Connell right. Quickest way by far, cut taxes cut regulation. We have done the second. Now we do the first. Connell i heard a grumble from adam. Have a goodinner, two of them. Adam, steve, thank you very much. Melissa from growth negligence to extreme carelessness. What was behind the change of language with former fbi chief comeys controversial statement on Hillary Clintons handling of the government emails. Judicial watch wants to know. That is why it is suing the Justice Department for answers. Tom fitton joins us. Connell republicans downplay the losses in virginia and new jersey. Well talk about key take way last night. Whether it has any impact on midterm elections. Melissa President Trump sends another warning to north korea. Former ambassador john bolton on the president s historic trip, and what it could accomplish. What if we could keep more amof what we earn . D. Trillions of dollars going back to taxpayers. Who could possibly be against that . Well, the National Debt is 20 trillion. As we keep adding to it, guess who pays the bill . Him. And her. And her. Congress, we should grow the economy. Not the debt. Show of hands. Lets get started. Who wants customizable options chains . Ones that make it fast and easy to analyze and take action . How about some of the lowest options fees . Are you raising your hand . Good then its time for power e trade the platform, price and service that gives you the edge you need. Alright one quick game of rock, paper, scissors. 1, 2, 3, go. E trade. The original place to invest online. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Connell shares have been absolutely soaring here in the last few minutes in aftermarket. Doubledigits percentage wise. Its a loss per share but better than expected. Not as bad as expected depending on your point of view. Tv streaming company, many of you know it, use it, roku not as bad as thought how much it lost, the stock is off to the races. Well watch that tomorrow. Melissa on pew opulence and fanfare. China rolling out the carpet for President Trump. Giving a tour of the city. Pleasantries preceding what will be important meeting between two leaders. Here with more is blake burman. Reporter President Trump will meet with xi jinping in couple hours from now as the sunrising in china. The top issues as you went over them, will be the massive trade deficit that the u. S. Has with china, that the president has talked about for years dating back to his first days on the campaign trail. Also of course north. Yesterday the president was in seoul, south korea, gave a speech before the Korean NationalAssembly Last night. Standing 30 miles away from the dmz, the spot that mark as dividing line between the south and the north. The president had this warning for the rogue nation to the north. Do not do not underestimate us. Do not try us. We will defend our common security, our shared prosperity, and our say credit liberty. Reporter the president routinely praised ally ends between the United States and south korea and describes north korea as quote, hell that no person deserves. North korea can work towards diplomacy under these main conditions. We will offer a path to a much better future. It begins with an end to the aggression of your regime, a stop to your development of ballistic missiles, and complete verifiable, and total denuclearization. Reporter Senior Administration official saying of this china trip that topping president s agenda, north korea, forced transfer of technology from Many American companies. Melissa, back to you. Melissa blake, thank you. Connell here to talk more about all this, john bolton, former u. S. Ambassador to the united nations. Fox news contributor as well. Always good to see you. Every report we have about the president s trip overseas, the questions are what can the president accomplish. But hearing blake and seeing reports from china, the chinese president really rolled out the red carpet. What is the goal from xi xinpings point of view . What does he want out of the u. S. President . He really seems to be welcoming . He would like Nothing Better than donald trump to Say Something that would put china and xi xinping in particular on a equal plain with the United States. If we go back to the cold war, the world in competition between two superpowers, the United States and soviet union. We won the cold war, the soviet union collapsed. But china clearly looking at the 21st century as their century. I think they have got a few things to learn. I think that xi xinping will try to do a snow job on donald trump, to see what he comes up with. He knows there are a lot of substantive issues, but trying for a longer game. Connell by snow job you mean . Like he is a reasonable guy. Connell okay. Somebody you can deal with. Just another democratic politician, right . Connell yeah, right. Not exactly. Think it is interesting, how he is really gone out of his way. From the u. S. Side of it, obviously, as blake was reporting, want to really pressure them on north korea. To that end, take a listen to one more comment from the president last night of our time in the south korean speech, figure out who he may have been talking about. Here he is. For those nations that choose to ignore the threat or worse still to enable it, the weight is on your conscience. Connell no names, named, but is china ignoring this threat or enabling north korea still . They certainly have for close to 25 years. Vladmir putins russia gets an Honorable Mention as well. He will see putin in vietnam on meetings on thursday in beijing. The focus will be on china. I think president has got to deliver a very tough message