Transcripts For FBC Mornings With Maria Bartiromo 20171116 :

Transcripts For FBC Mornings With Maria Bartiromo 20171116

Scream at the very this morning i was the majority of americans are disapproving of the republican tax cut plan. Futures are higher this morning come expecting a higher opening to the broader averages. Dow industrials that dow industrial set to open 60 points the nasdaq up 26. The s p 500 up a third of a percent. In europe, similar story had a better talent than yesterday. Dax up two thirds of a percent as is the cac and the ft 100 higher by a fraction. Asias dots close mostly higher with the exception of china. Best performer japan. Nikkei average up 1. 5 . Ban hunters under way in baltimore. A Police Officer in Great Condition after being shot in the head. The details as investigators search for a suspect. Consumer rage both at t and google with massive outages. What you need to do to get back up and running this morning. Retail earnings still the focus on wall street. The biggest of the mall, walmart expecting earnings of 97 cents a share. The numbers analysis as soon as they had walmart. Breaking the code is more like the bank. The maximum amount sold out to a choir leonardo. It is more than the gdp of a country. We will tell you about that. Joining us to talk about it, pollster and president of the slansky and partners like carter. Global economic editor and Fox News Contributor head of the xmen next counsel donald trump president ial Campaign Steve cortez is here. Good to see you. Good morning. Good morning. Love to get that painting on errancy that gdp. Maria read Michael Whitner from witmer antiques and art on last week and he was sure that he was going to go for more than 100 million. The price is staggering that it actually sold for. Unbelievable. Good times in the markets. Maria thats what i think to you. The massive diamond and i thought is that an indicator. Pretty incredible. A lot to talk about. House ways and Means Committee chairman and congressman kevin brady because. Ways and means and alumni congressmen with us. Reagan economic adviser dr. And author suzanne centers. You dont want to miss. The potential set back after wisconsin senator ron johnson unexpectedly announced a no vote on the current version of the plan saying it benefits corporations at the rents a Small Business. I wouldnt vote for the senate fission. Theres a real problem in terms of the treatment of passthrough entities. Remember when they established a framework, they recognized it to make americans see corp. , competitive globally, we also have to make sure we dont did the past or is behind. Dagen pastors at 25 . President trump added to the hill today to meet with House Republicans over the tax overhaul which is expected to pass in the chamber today. Senate finance committee hoping to do the same mistake with a full senate vote to Jon Hilsenrath this morning that republicans could join. The 48 majority in the senate effectively. They cant lose more than two people. There are others that rob corker worried about death as they, jeff flake and 45 of their wild cards out there. If they lose them, theyve got a problem. Do have a problem in 20 teen. Refilled on health care. The American People give us the key to the car. We can get out of the garage. Maria writer they are such a hard time . The Senate Republicans and i hate to say this but i think its the truth. Senate republicans, some of them despise the president in such a personal way that they are obstructing the agenda just in another cell. Theyd rather talk about cutting taxes and quite frankly republicans are small than we ever imagined and the tax code by the way k street loves the tax code because its so byzantine, so onerous. The mechanism by which lobbyists largely control and are complicit and not. Maria the tax plan the majority of americans with the truth of the plan. They believe the wealthy will see most of the benefits. Thats actually not even true. According to the quinnipiac poll, voters disapprove of the republican plan. 61 say the wealthy would benefit the most. 24 say they would mainly benefit. This is all messaging. One of the things ive inherit if not they disapprove of that, if they dont understand whats being presented right now. People are saying im not sure what to look at. Democrats have done a good job of consistently messaging against what tax reform is going to do. They started by saying it will benefit the wealthy which weve all seen is not necessarily the case, the people are afraid its not going to benefit the people its supposed to. So while its republicans, theyve done a much better job with tax refund on health care. Still a very united front against it as they been trying as a lot of mass shootings, all other things that catch the attention away from tax reform and on to gun control and onto other things. They havent been able to get the traction to get people to understand it and they keep changing things. The challenges this is really complicated. Just as straightforward cutting tax rate by x . Doing things on deductions with differences between word ron johnson was upset about pivot corporations and tax through, for instance well partnerships. There are winners and losers in this plan is then often happens in a case like this, losers are louder than winners. Losers are very discreet. Maria had been questioning that as well. My first question from the getgo, way to pastors get 20 of corporate skit 20 . The answer is gotten from this group in washington is look, dont forget the corporations also pay 20 on dividends. So dont think the corporations get funny. Pastors or attacks with individual returns the corporations are taxed through corporate returns and they are not lowering the individual rates, especially at the high end as much as they want to lower corporate rates. Theyre effectively cod in the middle. If youre a top lawyer at a Law Firm Committee that the individuated 3926 . Or do you get 20 or 25 . Its hard to know where to put these individuals because they are in a middle ground. They are not corporations and not merely someone on the payroll. The macro planets are rates are confiscatory mis of Economic Growth. The average economic worker hasnt had a pay raise in this century, 27 team. Is it difficult . Yeah, but thats on the congress. That is why we have speaker ryan, leader mcconnell. Right now in my opinion, both of them should be fired already. If they dont get this done they absolutely should be fired. Youre making a really good point because what you see right now is a swamp inaction. People are not Trusting Congress to get it done. Can they all get on the same page . A lot of folks said they have seven years to think about what they are going to do. Here we are adhering to the election and it still seems they cant get on the same page. Swamp inaction is one way to describe it. I would say sausage making inaction is another way. This is a very messy process and particularly in this case is there so many moving parts, a lot of americans are out there watching saying what is a miss for me . Better off or worse off. Thats where it comes in. Its hard to say you are better off. Is very clear they were focused on the middle class here, but a lot of questions on the edges of what that means. Now they are throwing in health care and thats confusing people what did that mean. That could be a hot issue that could make people want to take a step back. Maria Susan Collins is one of those people. Maria more people with insurance. With. Weve got to get to weve got to get to this because she is responding to the news that attorney general Jeff Sessions to investigate allegations leveled against her. Watch. The uranium one story has been debunked countless times by members of the press, independent expert. It is nothing but a false charge that the Trump Administration is trying to drum up in order to avoid tension being directed at them. This is such an abuse of power and it goes right at the rule of law. Maria abuse of power. To bond. What do you think . When i watch rambo style because they think she believes it. I really think she believes this garbage. Uranium has not been debunked. We absolutely need a special counsel. Not just because they were corrupt. That is well documented and the Clinton Foundation was a slush fund. As a cartel in many ways. In this case, most of the corruption was there own advertisement. It jeopardizes the United States. The massive amount of uranium lead this country and we dont know where or when. We dont know where it went after that in exchange for 150 million in the Clinton Foundation by 100,000 directly to bill clintons bank account for one speech in moscow a conversation with putin. If you want to talk about russias story, our campaign, the trump campaign, no delusion. The more they research, thousands of hours investigating, no pollution. The real russias stories that the clintons. Maria is this a story . I dont think its been debunked. I think a lot of people are really interested in whats happened, but a lot of people are quite tired of which had scenarios. People say lets get the trump agenda time because thats why donald trump is a not bad. They want to see tax reform done, health care done. They want to see more and fighting. People look at this is just that. I will say that other trump artist in. I was investigated in the longer shes out there talking like this, the better. Honestly, the longer shes the face of the democratic party, the better donald trump is going to do. The question about the investigation should the president be able to effectively order up an investigation into a political opponent . That the people are concerned about. Thats one of the issues people are concerned about. Maria thats a fair point. Well take a break. An 18 year veteran of the Baltimore Police forces clinging to his life this morning pretty incredible story. He was shot in the head for the gunman is still on the run. All the details coming up. Ill swear, at t tells customers in at least five states to restart phone factor at issue prevents users from making or getting calls. We will be back in a moment. With fidelitys realtime analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Searching one topic. That will generate over 600 million results. And if youve been diagnosed with cancer, searching for answers like where to treat, can feel even more overwhelming. So start your search with a specialist at Cancer Treatment centers of america. Start with teams of Cancer Treatment experts under one roof. 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Com tv and get two months free. Maria welcome back. Maryland Police Officer fighting for is that this morning. They were shot in the head. Lauren simonetti with the details. Detectives were shot while investigating a homicide case. Federal agencies offering a 60,000 reward or information leading to the suspects arrested officials Officials Say the detective is in grave condition. Thoughts and prayers are with our detectives, with his wife, with his two children as he continues to fight for his life. Baltimore has been more than 300 homicides alone. Recusing roy moore misconduct. One said she was and his law office when he was married. The legal team setting their sights on discrediting one of his earlier accusers. The woman claims he forced himself on her 1977 when she was just 16. She showed the yearbook with what appears to be his signature as evidence, but moores attorney wants the yearbook to be released to see if it actually is his signature. Republican leaders distanced themselves from the alabama candidate. Ivanka trump has some tough words shes telling the Associated Press theres a special place in for people who prey on children. I have no reason to doubt that it runs the count. Still nothing from her father. At t telling customers to reach their homes after getting thousands of a report that customers not been able to make phone calls. At t treating if youve experienced an issue in making wireless calls, please restart your device. It might be required multiple times. That should stop the issue. After they complained that didnt work, at t said trainer plane and phone into Airplane Mode and turn that off and that off and on again assaulted that eventually works. Done about 20 this year. Google docs yesterday, some people couldnt get into their documents in a cloud after the program is that a major outage in north america. Service has been restored. Google is not saying how many were affected and what caused the problem. Googles parent is off of that. The stock up more than 30 in 2017. Maria. Maria a lot of outages talking about the phone. Maria got to be careful as google docs. People go because they think they can save the documents. Has that happened you . It hasnt happened to me for some friends have complained about it. It can be crippling to business and collaboration. Thats one of their big businesses. You really hope they can get this together. People are really concerned about their phones via now. At t has a beard dagen what is the most important bill you pay every month . It used to be our mortgage. Now i feel with millennial sets the phone. Really. May be a seen some survey or poll were people said theyd rather live without a place place her car again without their phones. Definitely more important to millennial so have a phone and a car. A huge shift. Used to dream about being able to have your own car. Maria or have your own home. Now you live in your parents basement text all day. Trying to when they come back, Earnings Report from walmart and best buy might be an indicator of which list this Holiday Season will end up on. We will bring you those numbers. 19 minutes of highstakes bidding all came down to one bidder with deep pockets for the remarkable recordsetting price of the Leonardo Da Vinci painting for an auction last night. Incredible. Think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. Read the prospectus carefully at alpsfunds. Com amlp maria welcome back. Right to throw your boomerang kid out of your basement . Paying off those Student Loans will keep your Adult Children from returning home. Simple boomerang or semistudent debt and young adults who did not return home. Those without College Degrees are for 2 more likely to crash at their parents is ceo and founder, tim demello. Thanks for joining us. Hi, maria. Maria would you make of this . Well, the student loan problem is a massive problem obviously. You have a lot of people graduating with dead in the 75 of the graduates now graduate with that come is that the really big problem. What is really starting to happen is you see people trying to make everything work from 400, 600 coming 800 a month in trying to afford housing it to impossible. The house is set to vote on tax reform that could change the way families pay for education. The provision of the bill allows families to pay for 10,000 annually from 529 College Savings plans to fund private education for high school. It would also allow families to start saving the money before children are born. Whats your take on this and attacks by them . Was gratified to moy gratified to moy launched a paydown Program Last Year so employers we announce the Favorite Program with 529 contributions to accounts. Anything that can help in what we are on is the work of a solution. 401 k showed everyone when you have simply not you have sent a network where you can contribute a certain amount of money every month you really can start to make an impact. Are you seeing any change with the decision that people are making about where to go to school, given that that was later carried coming out of the private university, changes in behavior among your client . Yeah, whats really happening is a lot more conversation going on around the kitchen table. You now have a significant investment made on behalf of the child who maybe takes im not dead, but also the parents participating in now. You really hate to think about return on investment on a degree in hard terms, do you really need to now. You need to think about what about that particular degree in where you go to school. Its a

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