3 30 p. M. Eastern today here is to follow the president to missouri. Future the Federal Reserve on deck set to testify today in the state of the economy on capitol hill as her possible successor thatcher nominee Jerome Powell was questioned by lawmakers. December 13th at the meeting. Features indicate a rally that will not quit on the heels of a triple digit. Dow industrial a quarter of a percent higher. The s p 500 positive. European bases right now but they make story with the ft 100 down to third to 1 . Caci passes a percent of the dax up almost 1 . Markets in asia close in japan, shanghai and china both. Hang seng and kospi lower. Suspect in deadly murder spree in custody this morning. Florida authorities have arrested a man they believed to be connect to do a series of killings in the tampa area. Details of a possible serial killer and his arrest is morning. 1 billion for freedom billion for freedom. One of the senior princes arrested in saudi arabia in recent crackdown has been freed after reaching a hefty settlement. Latest of the tensions in the country coming up as all of those right now are at the negotiating table with the crown prince to try to pay their way out. Talk about cricket craze. Bitcoin past 10,000 now with the breaking down of the future of this plan and the superstar looking to get a piece of the action. Well tell you who that is. Jamie to talk all about it, taken at powell, former chrysler ceo, bob nardelli back with us in 32 advisers founder ceo economic adviser to president about Fox News Contributor robert wolf with us. Good to see you. Great to be here. No lack of news. In the next tax reform. Dagen and who is sick of the attention seeking posturing peacock politicians and bureaucrats in 10 who are doing nothing for the American People and i mean republicans and democrats. What was going on at the Consumer FinancialProtection Bureau last week was something out of a bad game show that got canceled. Maria what was that all about . The judge has ruled Mick Mulvaney will be the interim head of the Consumer Protection, but shes not giving out. Tranter we can get to the wall street journal editorial from todays that is hilarious that headline on it. A drama queen loses her head. After the editorial yesterday. Maria ill talk about that. Join the conversation from the White House PressSecretary Sean Spicer make an appearance this morning. Pat to me will give us an update on tax plans and the florida congressman dennis ross along with wireless ceo denny strapless at best. As cofounder paul hansen hard and cold bath with us this morning. You do want to miss a moment. Take it off right now at the top story confronting the north korean threat for the rogue regime has successfully tested a new type of Intercontinental Ballistic Missile capable of reaching the united states. The missile landed in japanese waters yesterday that flew higher than any water that north has previously tested. Heres a james mattis had to say about the latest move yesterday at the white house. A missile was launched a little while ago from north korea. We will take care of it. The bottom line is the continued effort to build a threat served, Ballistic Missile threat that endangers world peace for Regional Peace and certainly the united states. Maria neighboring north korea launching one of its own Ballistic Missiles. Join us now Ballistic Missiles. China suffer marchioness house washington is House Financial ServicesCommittee Member congressman, joining us right now, blaine luetkemeyer, good to have you in the program. Thank you for joining us. Congressman, you are coming to us from missouri. Obviously the president is coming to missouri. First, your reaction to the latest test out of north korea. Very concerning because weve been trying to put sanctions and give everyone in the neighborhood to help us to bring us by the table to negotiate the situation down from the process its getting to. At this point it doesnt seem to be working but we need to continue on those lines to try and price this dictator and are coming to the table and realize this is a nowin situation for anybody. Do we know it for . Look at the past 25 years, its obvious they want a Nuclear Device that can be a big boy at the table, they are headed down this road. They will past administrations at the republican democrats not able to stop this development and at this point its a big problem with President Trump that its not a matter of if, but when. This individual gets bombed federal upset the balance of power. Just a comment and then a question. Weve been waiting for china to kind of put the hammer on them. Sanctions only matter if sanctions abide by them. Where are you with respect to relationships with china. Meanings in asia, the president recently with this comment, where do you think this goes about putting the hammer on them, anything can happen. I think you are right. The concern is that they wont do anything, but its in their best interest they will have to become engaged. The korean peninsula, so they like the balance the way it is right now. Unfortunately, what you are seeing is then allowing the north korean to be a belligerent and if you are in their position, stop and think about it. By then doing what they are doing, they get a read on us as a country as well as the president on how they will react to certain situations. They are getting beneficial information as to how we would conduct military Operations Centers on says to military confrontation. The dangerous game they are playing if they allowed this to go too far. They could step over the line and endangered the entire piece structure of the region over there which is not in their best interests. How far they go is a good question. The mac feels like a good point to see how we react. When they move on to tax reform. A big step forward yesterday at a key vote to advance tax bill with two of the biggest holdouts. Bob johnson is that accurate . The vote was fair and i could see they were on board. They have some concerns with the president and the leadership in the senate were able to lay off concerns that they were willing to support the bill and continue to move. As far as we in the house are concerned, we dont particularly care for their bill. Its a good bill and managers ask of the few would like to see and change. If change. If they can get a change. A thinking adult pass so we can get to conference, that is what we were able to do with regards to the health care bill. They can get Something Else we can think on both house and senate, we can get there. What are the sticking points now . Are you still dealing with the difference between the pastor than the corporate rate . Take us behind the curtain and whats being talked about right now i see is the closeddoor meeting on capitol hill to urge senators to push ahead with the plan. I was inactivating. I was doing other things are not privy to whats going on. I think you can tell this is important to our members on the side of the building. The Health Insurance mandate is something we can expect in the house and something that is in the senate bill. It actually frees up some dollars to work with some other issues. I dont think we are that far apart. The president put together a working group of the house, senate and administration officials. They then fill in the details of those principles and they think we are very close. Just a matter now working out the details. Yesterday was a perfect example. The folks have issues and i think down the road this will happen. I think he gets done very shortly. Congressman, i will play devils advocate, not surprising on this panel. Corker flipping is a bit of a stretch. I will say hes putting in. Mac and his son on the tax plan and it seems to me that if something that would get him inflating the cane overboard, but im not so sure its the macinnis and if dynamic scoring of the gdp growth is difficult to track are expected then all of a sudden it would be an Immediate Tax hike coming in. Thats how hes looking at it. Im not so sure its a coup by a moment. Well, im not enamored with that provision myself. You are looking at the glass half empty rather than halffull. You need to look at it from all the economists if you look at the history of tax cut and when the students get in place, the size and scope of the one we talk about here, some recordbreaking growth i believe. My macinnis and my macinnis in a few places to be accurate. Im not a big fan of it. To me its not a dealbreaker. The grow through experience, then this will be some folks who are empowering and allowing the middle class to keep their money to be able to grow our economy. If you listen to the president than this whole thing of all the discussions are about growing the economy and we can grow a lot of our problems that have been occurring the last several years. Drain to the trickery that goss and the corcoran board and lankford and ron johnson did vote to get this bill out of committee yesterday, i just want to add, it is a nondramatic increase on the American People in six years. What if we are in recession, fellas . In the bill is already written that way because they expire in 10 years. Again, much to do about nothing for corker to make some kind of standard is a budget hawk. Step up with some legislation to deal with Social Security again. This is against political posturing. I dont disagree with you. If you watch the senate operate, this is what they do. They withhold votes because they have a piece than a bill that they do not like at a particular, particular provision. But it is about the political posturing of being able to make that the little better and sometimes it is being better. Thats the process we go through here. Not necessarily prettier grade, everyone talks about make and sausage when you talk about the way we do it. Its a situation where that the normal process of how we go through it. I dont think it is something that hurts the process. We all understand it here. That is what is important to realize we get tsn figure out how to get to know. This is the kind of mindset that will get across the finish line. Maria what can the president really do. But can the president do to move the needle in getting the public to understand the details of this plan . They continue to push the next layman misconceptions out there that some of the fake news is putting out there, some of the democrat talking points to try to scare people into believing this is not a good deal. Tommy the present tax system is a good deal for everybody. So lets look at how we can fix it. Is it a perfect bill . No. Theres never going to be a perfect bill, but this gets really close from the standpoint this will drive in Economic Growth for individuals, 73 of this bill is structured for people under 200,000. They will receive most of the money on the individual side of this bill. This will be driving the money to those folks who spend the money and enable us to spend the economy. Maria thats really the bulk of the plane. Congressman condit thank you so much. You make great insights. My pleasure, maria. Transit police in tampa have the police in custody they believe is behind the killings the past two months. Stay with us. The opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Maria welcome back. Neighborhood in tampa, florida breathing a sigh of relief now that a suspected killer off the streets. Cheryl casone with the details. Good morning. Cheryl good morning, maria. A man arrested. And mcdonalds where he worked to his boss called police after after donaldson will face murder charges in all four killings. Saudi arabia has released influential royals swept up in the anticorruption crack down. Abdullah is now free after being detained weeks ago. Officials say he agreed to pay back a billion dollars to settle the charges against him. He is the site of the late King Abdullah and was considered a contender for the throne just a few years ago. Federal reserve chair janet yellen had been transacted at congress on the economy. This could be her last appearance before her term ends in february. President trumps choice to replace her as on the hill yesterday. Jerome hill answering questions they going to the Senate Banking committee that he will support the policies of the current chair. Some Bank Regulations also with another rate hike next month. Anticipate well be raising rates in december. The conditions are supportive of doing that, but we generally have a rule. Its a Communications Role that we are not supposed to be saying exactly what we are going to do before we listen to one anothers views. Transfer the possibility of a rate hike to listen to the rally yesterday in some of the big Financial Companies yesterday. Automation could reportedly destroy as many as 73 million u. S. Jobs by 2030. This is from a report that a lot of the job last could be offset from rising productivity and growth in the massive economic overhaul is going to be difficult. The report finding 375 Million People may need to learn new skills to fill all of these new automated jobs as well. Does your headlines. Maria thank you so much. Machines taking over. Bitcoin pushing the crypto current cpap. How high will it go . Well take a look at the loggia casino robbed in the middle of the day. I see none of the movie complete with a reallife actor sitting by when it all went down. We will tell you all about it. Stay with us. Anything worth pursuing hard work and a plan. At baird, we approach your Wealth Management strategy the same way to create a Financial Plan built to last from generation to generation. Well listen. Well talk. Well plan. Baird. Maria welcome back. Shares a subpar sword for the first time ever. Lauren simonetti with the details now. So many people and yet here we are. 10,000 is a psychological barrier. 2017 is clearly the year of bitcoin. Black friday weekend is really what brought us up to 10,000 because expedia, ebay, microsoft, overstock. More folks actually pay with it. You have more hedge funds, more big skinning and. We are talking about it more all over the media. Within 900 return you have to wonder if this is a bubble, does that spell trouble . Kenneth bell money in the future . Maria yesterday shopping over the thanksgiving holiday in west hampton, new york, there is a sign of the joy they said we accept bitcoin. As the first time id seen that in a retail environment. We were just talking. Mind you, i stole my wallet carry my check book. I pay with checks and youre showing me on your phone how you can just buy and pay with bitcoin. Bobbitt named maria word saying im a complete naysayer and i was crypto currents and i now believe its a real asset to the. 1 of these Small Companies he founded a few years ago i signed the company into a preico. We dont know what the coin is actually worth today, so i cant tell you if its worth 1 dollar. What i am hearing is supposed equifax, more people are getting nervous dealing with credit cards and banks and on the commerce side in some ways it a nobrainer. If this is validated through block chain, the idea of being able to buy things about credit card fees and bank fees and all the personal stuff, for these wealthy gamelan meals, speaking of millennial scummy kiddie perry on instagram three hours ago posted this picture of herself with Warren Buffett and she writes no big deal, asking Warren Buffett his thoughts on crypto current day. Bitcoin is getting mainstream. Maria no evidence so turned on the opportunity to be photographed with a woman significantly younger than him. You a nineyear age deficit here. Heres a guy said uncle bob, what you think of it . He said get you said get out of it, its phony. So hes reminded, hey uncle bob amis shouldve taken my tip on this thing. I have this same phobia about it. I do pay online at the fourth good i dont carry a check book, or what backs a bitcoin . Whats interesting is that not the specialist. The whole idea is really its not a currency and so they called this thing going. If you look at this as an asset class. An inflationary asset class meaning raising rates, but meaning that those people willing to buy or sell, the prices will go up or down. Whats different is each of these clients have a finite amount that they are mining. It may or may not be a bubble. It is because these exchanges are starting to validated. The truth is whether we like it or not, cma will start doing it with features and start likely trading that. Dagen if i be a perfectly legitimate currency down the road, but these are perfectly legitimate businesses wildly overvalued and the bubble blew out. Im talking about crypto currencies. Maria interesting to see stores are expecting it. Speaking of coins, bob gardella decommission the talk about general lack track . Ge has been a disappointment. Rough year for a stack down 50 . Second time since the Great Depression early this month. Downgraded ge and ge capital. Minus with a negative outlook. What is your take . For those of us who have spent 30 years working, i would say this is heartbreaking to a lot of us to see the value deterioration, 450 billion thrown away. Selling off a piece of the conglomerate year after year, you sell nbc before you go into an election, which is usually abounds here for advertising, care bread does the earnings. You sell off a piece to generate enough cash to meet the dividend requirement, let alone the