Cheryl stocks open higher in europe on the back of a big extra for a vote in the senate that happened friday. European markets pointing to a higher open. Trip and half . Cost it one to 2 . Cheryl done deal, cbs by aetna for 65 billion. Fbn am beginning right now. Lauren good morning. 5 01 a. M. Right now. Thanks for joining us. And lauren simonetti. Cheryl good morning. Im cheryl casone. A latenight decision to get the tax reform bill in the senate done and done. Lauren the wee hours of the Morning Saturday morning. Thats when we begin with this morning. The senate approving the tax reform bill. The real work begins to iron out differences at the house version. Congress returning to work a day early to get the socalled reconciliation process underway. Gop lawmakers to send a final compromise bill to President Trump by christmas. Thank you, mr. June 22 Republican Congress members to get the next. They still need to be made in confidence to get these things done. Big difference inside the republican bill eliminates the mandate of upon the care. It takes up on the care from being a mandatory program to a voluntary program. I got a commitment that we are going to passed two bills, including the Alexander Valley for anyone that i sponsored that will help sponsor the individual mandate repeal by lowering premium and i also got an ironclad commitment that we are not going to see the Medicare Medicaid program as a result of the bill. Cheryl Senate Democrats voted against the tax reform bill. Not much of a surprise. A worker was doing only republican senator to vote against the bill. Trent think i was in much of with bob corker being the sole day. Shortterm spending bill to avoid a shot gun. The legislation would keep open and running. Mitch mcconnell criticizing a threat that democrats to oppose the measure unless a deal is reached to protect the children of undocumented immigrants. I dont think the democrats abuse my to shut down the government of a nonemergency delicate a nonemergency delicacy tress anytime between now and march. A very untenable position. We need to make sure that Health Insurance program which is expiring his panel before the end of the year. There will not be a government shutdown. We will see. President trump to react to form a National Security some medical funds plea deal. The price of 1990 instructed former fbi director james committed back off a superb oflynn. He treated kerry never treated kerry never ask him kerry never ask him in a staff investigating flynn. Just for fake news covering another they lie. On friday, flynn pleaded guilty to cooperate with special counsel Robert Muellers investigation. Abc news has suspended chief Investigative Reporter brian ross for incorrectly reporting flynn would testify trump had directed him to make contact with russian officials when trump was a candidate for president. It supposedly happened during the transition. Trim to could congratulate the receiver the news. People who lost money when the stock market went down 350 points based on the dishonest reporting of brian ross of abc news suspended to consider hiring a lawyer is suing abc for the damages for bad reporting has caused many millions of dollars. For more novice, emily campagna. Coumadin. Lets first start and go back to plan and him cut in a plea with the government. Do you think this is actually a good thing to put this behind things in the Rearview Mirror for President Trump were detained because of the allegations things will be worse for the president . We have not seen the last of it by any stretch of the imagination, but unfortunately the continual tweets about the situation or rendering him a little bit vulnerable. We have seen many courts incorporate his tweets as documents as part of their discovery in part of the world in terms of their analysis of cases including this immigration law. Moving forward it would behoove him to say last because the more that he says, the more that is open for interpretation and analysis as the investigation continues. A lot of the liberal media has picked up on the fact president chavez said he fired him for lying to the vice president. Again now as his lawyer saying he wrote that it is already come out and said i didnt mean to make news here and that this is an overreaction basically. Exactly. That is part of what is so murky here that courts have held months ago that treats a part of the official white house records that have been interpreted as being part of the intents are indicative of such. Now hes saying it wasnt me sending the lower courts to interpret that and how is the law to interpret that . Were in a really novel area difficult for everyone to interpret or we are not going to know more about it and about it until or unless it develops further. Cheryl seems to me the phrase obstruction of justice gives parents a elusive and thats a difficult thing to prove. So far the investigation has been appointed to obstruction of justice especially not by President Trump. Obstruction of justice is incredibly difficult to prove. The courts have held you need a significant amount of evidence to prove any kind of areas so one been a coverup specific intent and another being unique in actual demonstrable form of behavior or comment to rise to that level and commentary at this point doesnt rise to it. You really have to deal destruction of evidence in the ninth circuit who they often disagree with ipad and fbi proceeding is not the investigation to cover. So when we have senators like Dianne Feinstein with obstruction of justice i take issue with that because its simply not enough at this point. Saying we are investigating this, we can investigate anything whether there is anything they does the treaty we need to get to. Thank you very much. A joke at the officially inked. Cheryl Tracee Carrasco joins us with that and some other news. Transfer good morning. The biggest pharmacy chain agreed to buy at night, number three Insurance Company for 69 billion. In addition to huge revenue that could drive oil prices from pharmaceutical companies and force other drug chains to look for merger partners. It will come under scrutiny from the doj or the federal trade commission as amazon has been moving to get a sign it may be entering the Retail Pharmacy business. Speaking of acquisitions, what is going on at disney in 21st century fox . Tax around between disney and 21st century fox as he said to buy some of the assets including the 20th century fox movie studio along with u. S. Cable now works at the wall street journal reporting what i can assume the whole 391st century fox expect to make a decision by years end on on whether to pursue a deal comcast and verizon and sony reportedly interested 21st century fox. Keeping a strong at the box office over the weekend. Tracee cocoa coming in first place when he met the box office again. Were the only family in mexico who hates music in my families find it back, but need . Be back by lunch. Im not like the rest of my family. Tracee bringing back 26 million. Finish second with 26 points 6 million in third place. Continue to do well with 1,255,000,000 rounding out the top five. Daddys home with 7. 5 million of course coming out on december 15, star wars the last jedi. Box office sales for the year have been down compared to last year. Its been a rough go. Cheryl streaming, and thats the thing. People are building home theaters. Theyd rather stay home. Thank you very much. A lot more congress returning to washington a day early. How often do you hear that . Gop leaders to hammer out their differences over tax cuts. Two different bills so take a look at the reconciliation process. Despite warnings from north korea, the u. S. And south korea but the big issue of air power after. You are watching fbn am. Cheryl welcome back pitcher caught up on whats happening now. President trump to any new tattoo announced several changes. These two reduce the size of the monument by 85 and shrink the grand staircase. The router with much of the land of the energy production. Condemning south korea for launching military drills today. South korea and the u. S. Beginning the vigil into a brick after north korea said it tested most advanced missile. The latest generation stealth fighters at the f22 mef 35. North korea called the exercises of provocation. North koreas as Conductor James Levine after three men came forward with accusations he sexually abused them decades ago when they were teenagers. Stopping the former music thursday engagement than investigating these allegations which go back to the 1960s. Lauren, thats whats happening now. Train to Congress Working on putting the changes on tax reform plus the deadline to avert a shutdown by the end of the week. Lawmakers can get all this data may bring a democratic strategist and john c. Wright and strategist chris and i went to discuss. Good morning. Happy monday. Ill begin with you. Do you see any irreconcilable differences between house and senate gop plan for tax reform . I wouldnt call this tax reform. Its a tax scam. This simply rearranges the cards of the deck of and middleclass working families in the country who feel that the papers theres a major difference between the deal with interest law deductions, the Health Care Mandate repealed and the estate tax cut my number of major differences in the bill. I suspect they will probably work it out. The real winners in a tax scam proposal will be their in the real losers will be the havenots. Even simple. [inaudible conversations] Mitch Mcconnell would not then he said the average annual of the tax savings of 2200. So there is money for middleclass families to benefit here. You brought up the Corporate Tax rate than i want to ask you about this, chris. Per minute in the house and senate plans. Individual rates sunset in a couple years in the senate plan. Listen to that democratic senator mark warner has to say about that. Why not put a required meaning that these companies would invest the money in trading their workforce, giving them the skills they need to compete and we will see that the vast majority of these funds come back abuse for shareware buyback and dividends. Is that a good workaround . The point of this tax reform is to predicated on boosting Economic Growth in more money to do things. Training would be one of those functions. They would be looking to conduct training. Im usually not made to this in my home state senator that early, but not a bad idea. I believe the Senate Version of the tax plan going into 2026. The house when his permanent, but those are the differences married each other to make getting those identical, the coming for a 35 corporate rate down to 20 with Economic Growth in the bill is a tax cut of tax cut of 1. 4 trillion. Weve got to get the economy going is that the gop is trying to do. Chris, let me ask you this. This bill is going to go up 1. 5 trillion. People literally could die because of their appeal of the Health Care Mandate. The tutsis in the details of the plan could the message the gop is trying to send with a tax proposal is middleclass mate second class in some regard. Of the tax schemes look at the puppies benefiting the most. That makes it right . Connecticut democrat benefits come only pay 187 million k. Right of the union policies. Chris, that is so hypocritical. They will grow up National Debt by 1. 5 trillion. People in real life will feel this generations to come from your kids, my kids coming and grandkids. And slows the growth consistently. Small business is getting hammered. Provided relief to grow jobs. Those are the job creators. Complex bill. The lastminute thing nobody likes. Obama carries passing at the last minute. Transfer the deficit has grown anyway. Perhaps david. Perhaps they have a chance of seeing Economic Growth which quite frankly weve been lacking until recently. Will it shut down by the end of the week if there is no deal to protect the dreamers, the children brought here by Illegal Immigrants and were brought here for 20 years . I know fall at the round, i dont foresee a government shut down, but who knows. Trying to predict what will happen in congress is that trying to predict what was going to happen yesterday with the College Football playoff system. Who knows. The Republican Party has this at their feet in their feet and they have some strong decisions whether they will shut down the government for the American People are work across the aisle to get something done in the name of doing the right thing. Cheryl after rock because the clock is ticking but you heard that he doesnt think the government shuts down. Good to be with you. Train to a big night for astronomers and science geeks everywhere. This is called a superman. While stargazers around the world, weve got more pictures for you and a starting luck from a star Weather Forecast for the meteorologist janice dean is here. You are watching fbn am. news anchor downtown traffic is still bad. Expect massive delays. radio channel changing news anchor 2 all lanes on highway 50 remain closed at this hour. news anchor 3 the stats are in and this city leads with some of the worst traffic, with the average driver sitting in gridlock the equivalent of three days a year. For every hour that youre idling in your car, youre sending about half a gallon of gasoline up in the air. That amounts, over the course of the week, to about 10 pounds of carbon dioxide. Growth is good, but when it starts impacting our quality of air and quality of life, thats a problem. So forwardthinking cities like sacramento are investing in streets that are smarter and greener. The solution was right under our feet. Asphalt. Or to be more precise, intelligent asphalt. By embedding sensors into the pavement, as well as installing cameras on traffic lights, we will be able to study and analyze the flow of traffic. Then, we will take all of that data and we use it to optimize the timing of lights, so that traffic flows easier and travel times are shorter. And sacramento is just the beginning. With advances in cameras, sensors, and Network Speeds, we have the ability to make cities smarter, and happier. What excites me about this technology is that were using some of the most cuttingedge machinelearning, and ai, to help solve the most fundamental challenges that cities face around the world. Who knew asphalt could help save the environment . lani and the possibilities are endless. Lauren if you looked at the sky when i then noticed the moon was bigger and brighter than usual, you saw the first and last up by the 2017. Stunning images taken from around the world as they pass by in the closest orbit to earth. Look at that one of the statue of liberty. That is gorgeous. Separate is 14 larger and brighter than average. If you missed it, do not worry it is kicking off a trio of wondering fans but to more one january 1st and the other january 31st. Mark the calendar. If you live here on the east coast come and get for some beautiful weather this week. Lauren not so much if you live in the midwest. Janice dean is here with the forecasts. Happy monday. Changes are coming. Hopefully put this Christmas Decorations up. 41 in new york. The cold air moving in across the rockies. Into enter minnesota and the redhaired. And it will bring the seasons so far. In the ohio river valley. 43 friday. The folder is here in friday night cheryl janice dean, thank you. Lauren potential nightmare averted. Cutting a deal that could have affected your Christmas Plans and it is National Cookie day. Cinnabon is on our ticket with a cinnamon bun cookie. You know what else is big . 210 points to the upside after the wee hours of the morning. But proving that tax cut bill. We will see. Work on the cloud with open technology, and open standards. The ibm cloud. The cloud for business. Yours. The we passed the largest tax cuts in the history of our country and many other things along with it. We could have this on the president to ask what the next 10 days. The process in the product no one can be proud of the number one should be ashamed of. Congress returning to work today to avert a potential government shut down and to begin the process of combining the different tax bills. The false report about Michael Flynn in the markets for the first time. Look at this, but i was pointing higher by 203 points right now. In europe, higher in the back of u. S. Tax reform votes. The ftse is at 59 points in london. Trade to japans nikkei index up half a percent. Kospi up 1. 2 . What to do if you notice over the weekend your iphone we booted and rebooted and rebooted. Cheryl its broken. Lauren but dont return it just yet. Fbn am continues right now. Cheryl 5 31 a. M. In new york. Monday, december 4th bedroom cheryl casone. Cheryl and lauren simonetti. First trading day of the year . Trade to dallas friday. Pitchers have really taken off. Markets leading tax reform. Lauren her to disprove that. Cheryl im kidding about the iphone. Its not broken. We will get a story a little bit. Do what a freak anyone out this early in the morning. A lot still needs to happen in washington now that the senate has approved the tax reform bill. The work begins to iron out the differences between the two versions. Congress has returned to work to get the reconciliation process underway in turn two bills into one bill in the middle have a final vote. Gop lawmakers opened the bill for a bill by christmas. Now looking ahead to what the next steps will be. Absolutely there are some changes that still need to be made a conference to work these things out. The big differences are to eliminate the mandate of obamacare. It takes obamacare from being a mandatory progra