Taxes, why do we lower tax rates for everybody and pay yearround but we are working with our high tax lawmakers to make sure they are real relief. The latest for tax reform this morning. Take a look, dow industrial opening up 30 points. Fraction points. Fractional mode as the nasdaq and s p 500 on the green. In europe, major averages also higher. Cac in paris at the corner of a percent as is the dex in germany this morning. A shadow over across the board. 1. 5 . Crisis in bali. Residents were told to flee erupting volcano ash into the sky. Flights have been canceled in the country expands the socalled danger zone. Meredith has acquired time, owner of Better Homes Gardens reaching a deal to acquire the for 2 billion. We break down the deal backed by the alien or Koch Brothers coming up. Bitcoin shining cover prices surging 9000 over the weekend, nearly 1000 gain this year alone. How high can this currency climbed . Taking a look this morning. Buckingham palace announcing the heartthrob is in voyage to merkel. The latest on their fairytale this morning. Joining to talk about it, dagen mcdowell, riskless ceo mike murphy and president vicente and partner lee carter. Happy monday. Dagen discursive were talking about. Trade to 6 billion. Cybermonday of. On top of what was a pretty good weekend. Dagen was a pretty good weekend. Other Stores Online sales were up double digits in deals, deals, deals. It is amazing how the kinds of discounts you see these on fine retailers. Consumers nationwide feel good, they want to then whats good for everybody. Things are Getting Better. Coming up during the conversation, Michelle Malkin investigates and is with us this morning. Senior official analyst judge Andrew Napolitano is the best and americans for tax reform grover norquist. Dont miss a moment of it. With the cybersales begin. Cybermonday to rake in as much a sixpoint 6 billion in sales at 1655 increase last years record setting numbers by comparison, consumers spent 5 billion on black friday according to the latest numbers. On this day last year at amazon sold 64 million items worldwide. The amount 740 purchases per second, incredible. Talk about the power of amazon. Here weve got every industry afraid in the sun in there. The jewel of retailers continues to just beat the competition. It beats the competition in just being able to shop whenever you want. When you look at the brickandmortar companies out there, they need to give the consumer and experience that amazon cant give. If you look at home depot, home depot stock is at an alltime high if you want to buy something to remodel your house, youre less likely to order from amazon and received any box. You speak to the person they are, so that is the thing retailers need to look at is what type of experience can they give the consumer. Trade joy under what that means. Dagen best buy was holding details from the website and on saturday he had to go into his door if you wanted to buy this nintendo classic machine that came out in september. There are ways the physical stores cant compete with online retailers. Theyve done a terrific job combining what it doing in stores and online at walmart by the way is up almost as much as amazon this year. The performance is neck and neck to it is deployed to see how they are competitive right now because they said walmart would be the future. They certainly are reaching for their Business Model and a lot of folks going toward the holidays. You see people talking about Small Business saturday where people want to get the kids themselves rather than the convenience of amazon way for quantity rather than the whole experience. You normally go out on black friday. Thats right. I did go online on black friday. I used to be one of those crazy people out there at 3 00 in the morning with my coffee ready take out to make sure they get everything. We just didnt go this year. If you like the experience has changed so much that there wasnt that same marathon moment because if youre going to get up from your table you were going to get those. Been in the shop on thanksgiving day isnt going to go into brickandmortar. They have to give them more than that. How much is it worth . Another 10 off . What is the price to make it a great thanksgiving dinner table . Maria i dont think there is a price. Walmart at amazon. Jeff bezos now broke 100 million after the stock jumped on the optimism of black friday sales. The first billionaire to break the 100 billion mark since 1999 when bill gates hit the mark. Incredible. Remember what happened the 99 before the tech bubble in before the government got involved with microsoft. As amazon keeps reaching further and further out from you just wonder how big can a company get, how wide can you reach cant be for someone makes a claim they are too big. Dagen we always talk about physical stores versus amazon, but its online versus online as well. The wall street journal has a good statistic that walmart has added tens of millions of products to its website in recent years in 75 of the toys were on walmart. Com. So do you have the inventory in the u. K. Free shipping and you get the product when they promise that . I will call out one retailer. I dont know who owns them, its called forward by elise walker. The last time i ordered something the shipping got totally fouled up in didnt show up when they said it was that when i called and they say we didnt promise it there and they wanted to argue me about it and it was ups both times he was sitting that some Fulfillment Center in nevada or california. But he actually says you need to talk to the manager and have it pass the food chain that your products are getting delivered on time because this is before the holidays. They need to crack down on ups and if they dont get the job done many disfigured a different way to ship your products. But the site doesnt show up dont argue with me that its not a guarantee. Maria made while a deal in the magazine business, merit is planning to acquire time to acquire thymic at one point a 4 billion deal made possible in part by fusion medical brothers from the private equity arm of billionaire brothers coat brothers that values tended to point it to dollars. Interesting to see the magazine business this day and age. Talk about digital. For sure. People are looking on oldschool magazines again. A lot of people saw this coming, but what will the coat brothers, what influence will they have . They are to announce they wont be on the board and have daytoday stay in the business. Theres a reason they invested 650 million. Only time will tell. Trade to jeff bezos at the washington post, has he been involved . I didnt email telling me the hottest stories every day, there is crossover clearly using amazon data to push the influence to both. Will see how thymic changes. To see right now the trusted media an alltime low. When people see the influence of people firsthand. The question isnt who are people going to trust going forward. Trade toyota prerecorded morning show when they acted like as the day after thanksgiving and it was the man they hadnt even eaten yet. I have to call that out. We are talking about another morning show that none of us want. Christ. American actress megyn marcoux engage. Royal wedding details coming out. Currency passing the 9000 mark to jump on the bitcoin train. All of that coming up next. Tree into welcome back. Where the wedding announcement picture of the sun with the details are berea, good morning. Young hearts breaking everywhere. Prince harry will marry his american actress girlfriend megyn marcoux. The official announcement said the two will tie the knot this spring and then at Kensington Palace in london. The 33yearold terry has been dating the 36yearold star and legal suit since 2016. The prints is fifth in line to the throne. Massive volcano on the brink of erupting in indonesia threatening the lives of thousands this morning. Officials raising the alert to the highest level ordering the evacuation of 100,000 people for the popular tourist island of bali. Rising nash shutting down the airport with 60,000 tourists. The volcano last erupted in 1963 killing more than 1000 people at the time. Back at home a court fight over who will lead them to lead the prayer with Richard Cordray quit on friday, he appointed the intra english as his replacement. Remember the doddfrank ecstasy could name his successor. English would likely follow the lead on going hard on Financial Institutions in pushing for tough regulations. President trump appointed Mick Mulvaney to run the agency. English has filed a lawsuit in federal court to decide whos boss. The court seeks the restraining order to block Mick Mulvaney from taking over. Finally, a new Miss Universe has been crowned. The new Miss Universe is south africa. [cheers and applause] and there she is. Debbie lee peters, but tony to business graduate the second south african to win. Every year on the las vegas strip. The pageant made headlines a couple years ago when steve harvey announced the wrong winter on live television. He got everybody is incorrect busier. Peter subscribed after being hijacked and held at gunpoint after she was crowned miss south africa. She wants to use her title ii champion selfdefense and hiv aids causes, berea. Does your headlines. Trade you thank you very much. Dagen had never wanted to be a beauty queen for a da prints. I just wanted to make it on my own with my noggin. Maria and you did. I just dont want beauty pageants. I like the trs. Dagen you dont need to be a beauty queen or princess to wear one. Dagen what about the cf. Pb . I recognize that the consumer should come first but i dont know if this agency has done much for the consumer. They were there when wells fargo had to the misdeeds that the l. A. Times broke the story, not the Consumer Protection agency. This is an agency started by Elizabeth Warren after the financial crisis and i think that it has become too much of Big Government and i dont think they are there for the good of the people. To have someone in there and take some of the power away from government and give it back to businesses that i would like to see. Theyve certainly done their fair share of costing the investment firms a lot of money forcing them to hire lawyers just to defend them. Of that huge funds. Not to say that they didnt do things, but if you want to pick them apart, you can find things that went wrong there. To have an agency in place just to find the big banks, thats the country. Maria i agree with you. Its hard to oppose that. When he attacked the general public identity to protect them from the predatory lenders, all of these things that big business has this reputation around, its really hard to come out and say im against that right now politically. Maria thats the point. What are they doing . Dagen basically getting in the way of long growth or that some of the criticisms of the agency, said banks are hesitated to make, spending money. Maria exactly. The left judge napolitano and the legality here. Dagen the reason i had the paper up in the number one journal is the court fight over the cfpb. Iskandar once diverse the other. Not for us why. This or that person. We are all consumers. So we should all want somebody to look out for us. I dont think thats what this agency was doing. His reaction to a financial crisis 10 years ago we are not in the middle of. Its not as Big Government. Republicans need to make their case on how they better protect consumer for their policies on how they look at this. They havent done that up until this point. It is very controversial and how this plays out. River judge Andrew Napolitanos ruling on this. He will, and ym. Senate vote could come this week in the major tax overhaul by christmas could stay on target. Are there any major hurdles . We could get a senate vote on a tax plan this week, i snap stop on our radar with managed date your snaps are about to get a whole lot easier with the recognition filter. Wait until you see this, back in a minute. Right here. From the very beginning. It was always our singular focus, a distinct determination. To do whatever it takes, use every possible resource. To fight cancer. And never lose sight of the patients were fighting for. 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Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Maria tax from taking center stage this week that republicans have been for a false on a boat on their plan early as this thursday of the tax code overhaul. The push last night. Heres what he said. Back in d. C. , bigwig for a tax cut of great importance. So the republicans will come through for all of us in the tax bill Getting Better and better in the end result will be great for all. The president today with the Senate Finance committee for lunch with all Senate Republicans tamara had the crucial vote. House ways and Means Committee chairman kevin brady about where they are today. They predict we will have a new tax code for the new year and a new area of prosperity. Americans deserve and whether you are in new york or california, tonight, we continue to see our plants and research merger receives. Its time to end that. Any member of congress who defends the status quo, americans are hungry for new code. Trigger joining us is the Portfolio Manager eric weekend. Good to see you. Thanks for joining us. What are you watching in terms of the portfolio together, and any of the way you wanted. Whats most important in terms of investing . Right now it comes down to the Economic Data which will be watching with the consumer is doing from yeartoyear and we also watch what has transpired in washington. An early indication tuesday to begin his confirmation process on the certainly looking at tax reform. Not only tax reform, but we also have the budget coming up on the eighth of december and then you have fed meeting middecember. There is a lot to take place between now and yearend. When you look at the market right now, your valuations, prices that have never been seen, stretched possibly, but also if you get the growth behind that come you could argue more room to the upside for the market. Where did i stand at that because a lot of people this year have been waiting for the pullback and they will buy on the pullback that they have in common. It hasnt materialized. The pullbacks have been muted. The good news as far as valuations being stretched to your point is that the market has generally been driven by earnings growth. It hasnt been driven by multiple expansion, so it is certainly agree as long as growth is demonstrated that the bias that the market would remain higher. Technically looking at the major indices continues to be supportive. We are encouraged. You know, we are not hugely enthusiastic, but as long as we see earnings coming through, we will maintain a positive bias. Were having a conversation about tax reform, we have just say a big selloff. Would you say to that . Its interesting because so many speculate whether its priced into the shares, not priced into the shares, from our perspective of reality that investors have chosen to embrace his status that is defined by Economic Growth and earnings growth. From a tax tax standpoint to know the prospect seeing infrastructure spending, weve actually seen very little make its way to the bottom line. It would certainly have an adverse impact on confidence, both business and Consumer Confidence are elevated, and the Public Companies are just looking for clarity. Maria in other words, the market sells off. In all likelihood it would come in. Again, looking out from a technical standpoint you are 6 away from the 200 day moving average. Likely wouldnt necessarily be something that reaches back and we could still remained in an upper channel. Roquefort, industry wise what would you stay away from elevated . From a valuations can point, relative to longterm trends theres really only two sectors below their longterm averages. Telecom and health care. We are not necessarily drawn to those from the evaluation perspective, but we continue to like the catholic speed. We still like areas of technology and industrial phase. We do think instead of being more industryspecific it is much more about specifics of companies and likely to continue to be a stock pickers market. Maria i can understand that because businesses are the first during and if we do get the tax plan, you will see more investment because that is largely the tax plan. Dagen Randall Stephenson promised earlier this year. He said the Corporate Tax rate fall 20 to 25 do is beat up spending. But because the record for President Trump now given the Justice Department fighting the merger . Trade is the first person