Maria good morning to you. Thanks for joining us. I Maria Bartiromo ended thursday, september 20th. 6 00 a. M. On the east coast. Tax reform taken a major step forward to begin debate on legislation expected to come as early as tonight. Reports are suggesting that some republicans are considering cutting the rate to 22 instead of the planned 20 . President trump spoke about the importance of getting this done today. We cannot sit idle if i can watch ourselves losing a competition to other countries as they continue to take away our jobs because their tax codes are more competitive and less burdensome than ours. In order to achieve this bright and glowing future, the Senate Must Pass those taxes. Maria the deal could help propel them already for shane economy which is full of potential for the first time in a decade. Gdp growth in the First Quarter sitting at threepoint 3 . We gave you this number is yesterday in the relic can use its momentum industrial of 90point on top of another huge rally. The datasets across 24,000 right at the opening of trading. Nasdaq, s p 500 strongest morning. In europe, indices rally in there as well. The ft 100 up a quarter of a percent. Caci profit percentage of the dax in germany up almost 1 . Markets are mostly lower with the exception of japan of two thirds of 1 . Worst performer was hong kong with the hang seng down 1. 5 . U. S. Ripping the pressure of her north korea. Administration calling to cut off oil supplies. That is coming as is coming to see what Ambassador Nikki Haley warned that if it comes to our, north korea will be utterly destroyed. New allegations this morning against former today show host at lower one day after his shocking ouster. New accusers have come forward. The latest on the fallout for nbc this morning. A turbulent holiday for American Airlines, high computer glitch says the Airlines Scrambling to find pilots to cover 50,000 flights already booked for the nfl targeting injustice or delete comes into quiet 100 million to charities important to the africanamerican community. Details as players cleats kicked up a controversy following kaepernick. During the talk all about it, and. Over pond Investment Group cio Michael Jones at war veteran and Fox News Contributor steve had said this here. Great to be here. Dagen on fire to. So much to talk about. In the crosshairs, figuratively speaking, marco rubio and what he is doing with trying to change at the last minute, the Child Tax Credit and raise Corporate Taxes, not raising them, we will get to it. Im not going to give it away, but i will start calling him marco shimer. Dagen this is important because we know their 650 billion they need to spend on this tax credit. It doesnt matter if youre a rich family, low income family, you are getting that family tax credit. Dagen now he wants to make the 2000 annual childcare tax credit refundable up to a persons payroll tax liability. This is welfare. We pay the payroll tax because we get a benefit when we retire. Its called medicare and Social Security. So that is what you pay. You get something from that when you retire. But he wants to make it refundable against the payroll tax liability. If you dont like the payroll tax, then cut it. But then you have to deal with the 50 trillion hole love in medicare. I am calling him out until a blue in the face. Drink up we will talk about that in the changes happening fast in the tax plan train to get to a vote mermaid. The chairman at ubs axel whether policy advisor for America First policy and former ceo of sek restaurants and a pastor. Chris coons here along with democratic congressman josh gottheimer. Roger williams as well. A lot to talk about this morning. Lets take it up right now with our milestone. This economy with its full potential for the first time in a decade. Gdp growth was revised up to threepoint 3 in the Third Quarter. Yesterday exceeding potential gdp for the First Time Since late 2007. President trump laid out the gdp numbers yesterday while promoting the republican tax plan in missouri. Remember i used to say we can have four and we can hit three then we are all saying forget it, forget it. It was one point to is doing terribly. Flat, even. In all fairness the stock market was going this way. And now we are hitting numbers that nobody thought possible, certainly not at this time. This is all done without the tax cut. These massive tax cuts will be rocket fuel. Little rocket man. Maria the Dow Jones Industrial average costs 1000point milestone five times since President Trump surprise election last november. We know the market is basel iii . 9 trillion since the election. The wall street journal Global Economics editor jon hilsenrath. Good to see you. Good morning, maria. Great to be here. Maria pretty good. We know that. Too bad about quarters. Do you think these tax cuts will be as President Trump put it, rocket fuel taking us even farther along than the 3 numbers we were talking about . The tax cuts will certainly help. The market is counting on them. They will certainly improve household wealth. We are going to need to see more evidence this can be sustained in a 3 level before we declare that area and have them achieve that. Having said that, it does look like weve got another big quarter in the pocket right now with the Fourth Quarter with two points higher to 3 for the Fourth Quarter. Theres no question about that. Maria you cannot underestimate what has been done already with the rollback in regulation. Police regulatory president. That is why we see 3 numbers right now. Ec deregulation in france and japan, so is the whole Global Economy gets on the deregulation bandwagon, we see acceleration not just the u. S. But Major Trading partners as well. Maria you think that tax plan goes through . In the largecap market, largely pricing and the good news. If you look down, small caps have underperformed so far this year. The big beneficiaries of job creation engines on the smallcap side of the scale has been carrying the big wooden of taxation because the big Global Companies can shift tax income overseas. The big story that is in 2018, we get this through, you will see much for job creation at the small end of the scale because they are less tax burden. The question is how much of the rally is priced in a real tax reform bill investigate diluted down through the sausage making that of the legislative process cumbersome and wall street that would be more robust than is actually delivered. You could aspect to john for you. Do you feel is the process moves along we could get a tax reform bill that isnt as robust or as aggressive as wall street expect them to pull back a little bit. Well, i think that is possible, but we are seeing that come into shape as we speak. Theres going to be a big Corporate Tax rate cut. They be 20 , maybe 22 , but something well under 35 . Lower rates for passthrough companies. The momentum they are is more and not less. A couple key senators. The surprise rate now is the senate and congress more broadly is going to deliver. They are a lot closer to getting this done and a lot of people thought they would be just a couple months ago. Trade for one of the issues being discussed at the top story of the journal today is the talk about taking the corporate rate to 22 instead of 20 . It might not sound like a lot, but it makes us a great deal more competitive by looking at the developed world Corporate Tax average of about 24 . We need to remind people to rate in ireland is 12. 5 . Does that make it different than what sense are we seeing businesses will spend the money and actually invested in buying back stock in increasing dividends. We will see a mix of both of those things. We will see them doing more investing. Weve seen investors benefiting from this. To what extent workers benefited from companies and hiring more. In the 20 growth rate. Either one of those is a lot lower than the 35 with god right now im lower than the industrial average. It is a big step in the market is pricing that in. Maria i agree with that. I know that is his right mind, but you are still talking about what large corporations is in effect to pray. 22 is fine, but the problem is that passthrough rate is trying because youre 22 in the passthrough trying to equal this out to basically appease run johnson. On the senate side, it is closer because the way they go about it is very different than the house bill is senate bill 17. 4 deduction. It takes the top rate down at the top rate set 35 , takes it down to slightly under 32 . 25 in the house with a lot of guardrails and almost 32 in the senate. Theyre trying to rationalize those two numbers as well. Maria the past ive had mine. Dagen the 22 is important because i take issue with marco rubio. Hes complaining 70 of the tax bill goes to corporation. You know what, we earned income through work. This is how you choose the economy. You dont choose the economy by expanding sound team that creates a business expense into a. We know it is the needle mover here. The individual decided the plan has been messy. Weve been talking about it every day, but the corporate side is that people expected of the economy and the markets. Do you think that 22 tax rate is necessary to get the state and local tax inductions into the senate plan . And a lot of those republicans in the house from blue states, high tax states to vote on something, is this going to be the necessary given the senate to give the house what it means . The compromise there is having some deductions for peoples property taxes of up to 10,000 or not is one of the things that Susan Collins has been pushing for and looks like shes going to get. They got through the house with the 10,000 property Tax Deduction. It looks like that is where theyre going on now. As far as the passthrough rate than what marco rubio is doing, the challenge here is the class politics that is such a big part of this. Marco rubio is pushing for they want to be able to say this is a benefit to middle income houses in maria s the Child Tax Credit to do that. Maria the Child Tax Credit is applied to all families, not just low income families. Well yeah, that is what dagen is getting out. Dagen wants to make it refundable against the payroll tax. Its already refundable in the bill against the income tax, and im holding my had because this gives me a headache. Medicare, Social Security already going broke. Medicare goes broke in less than 12 years pretty good at benefit for the payroll tax to pay. I dont know where hes getting this class warfare language and link unless hes been breaking bread with chuck schumer. Transient holding the rest of the house and senate hostage to get the vote. Jon hilsenrath commit thank you very much. Tensions are rising again with north 4 korea. That is next. Fidelity, where smarter investors will always be. Cheryl nick e. Hailey, u. S. Ambassador to the United Nations calling on all nations to cut diplomatic and trade ties with north korea. That includes chinese Oil Shipments to the rogue regime. Feeley has strong words for north korea at an emergency meeting of the u. N. Security council. The dictator made a choice yesterday to bring the world closer to war, not further from it. We have never sought war with north korea until today we do not seek it. If war does come, it will be because of continued acts of aggression like we witnessed yesterday. Maria healy adding if it comes to work with the north korean regime will be utterly destroyed at President Trump says new sanctions will be imposed on the country. Russia and saudi arabia trying to hammer out differences over oil output ahead of todays meeting. That is pushing for higher prices to keep production limits in place longterm, the Russian Oil Producers want to increase production to cash right now. Russia is the number of opec emerged as a power broker over the past Year Oil Prices have doubled from those we saw back in 2016. Still pushing close to 60 bucks, guys. New details about accusations against not lower after he was fired for inappropriate behavior. The New York Post reports the reason he was fired so quickly is because the Text Messages were saved by an nbc employee during the 2014 Winter Olympics in russia. The accuser was at the olympics as an intern. Nbc received at least two more complaints related to lower yesterday. The singer had minds. Maria cheryl, thank you very much. Holiday headache for American Airlines. The glitch gave too many pilots the timeout for the holidays now they are scrambling to make sure they dont get canceled. Trying to get this back at kaepernick returning to the football field. Have a quarterback protest message will return to the nfl for one game. Weve got it for you next. Stay with us. Millions of you are online right now, 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. Start where specialists use advanced Genomic Testing to guide precision Cancer Treatment. That may lead to targeted therapies and more Treatment Options. Start where theres a commitment to analyzing the latest research and conducting clinical trialsto help each patient get the personalized cancer care they deserve. Start at one of the Cancer Treatment centers of america hospitals near you. The evolution of cancer care is here. Learn more at cancercenter. Com experts Appointments Available now. Maria welcome back. He planning to fight for the Christmas Holiday . You may be out of luck. Grim this morning to staff thousands of flights already both. Lauren simonetti with the details. Loops, the equivalent of getting september 25, shared in the data have come in me getting the data off. So there was a computer glitch and American Airlines. All of these pilot scott key dates around the holiday next month off. So what do you do if youre american . We are going to we have a reserve system for mr. Pilots will come in no matter what. If you are willing to work on a few dates will pay you 150 of your hourly wage. It sounds good, but these Pilot Association the american solution is in violation of the contract. That is their statement. Im curious to see how the airlines were out because if you remember for the burger king they had to cancel a thousand flights. There is a 75 million cost for them. They will be a cost to this and investors dont like this. You charge so much for us to check our bags and youre checking your christmas list and everything else. They are probably able to afford this. This is a major loops for the airline. A computer glitch . Of the fact that unions pushed back. They would like everyone to go to another airline have financial troubles were arriving. 15,000 flights could be canceled, so maybe 150 million because 8000 cancellations cost 75 million. Dagen at least American Airlines is giving the customers had thought that they are going to get stuck if you rollover the holidays because they can usually the last minute when they cancel your fighter they dont have a flight crew to take you where you are supposed to be doing. Although someone who has a really big trip set up for the holidays on American Compass sailing in the caribbean about what it might going to do with this information . I just need to hope that the union caved and let the pilots show up for work. Have you heard from the airline because you could be effect it here . And with america right here on the show. Transfer some of that by the expensive refundable ticket just in case. No, im not buying the expensive refundable ticket. This is americas problem, not ours, not the customers. Is the union going to allow them to show up . They are paying time and a half. 150 of hourly pay. This would be devastating to the brain. Is happy in at the major hubs, miami, laguardia, other upsets for the partners could could affect it here as well. Americans also not actually beloved by the customer. Theyll take at chimeric. Its never a good experience for me. Thank you. Good info there. When we come back, southeast and security at facebooks new plan to suspicious activity. Plus prince harry said he was in love with Meghan Markel at first sight. Another study there is no such thing as love at first sight. More coming up next. Be smart i go for my best. So if theres Something Better than warfarin, ill go for that too. Eliquis. As stopping increases your risk of having a stroke. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. While taking eliquis, you may bruise more easily. And it may take longe