East coast with blizzardlike conditions. Tens of thousands of Power Outages are expected. More on the current status of this deadly storm, who is getting hit the hardest. Meanwhile white house drama taking center stage today at the press briefing for the second day as new details surface from a soon to be released book about the trump presidency. President trumps lawyers are trying to block the book from hitting shelves. The president though focusing on his own agenda and the nations, meeting with a select group of republican senator this is afternoon to discuss legislative priorities. John hoeven of south dakota was in the closeddoor meeting wrapping up. He will join us later in the hour. Melissa 25,000 and climbing. The dow blasting through a 1000point milestone, the 7th since President Trump. Lets go straight to Nicole Petallides on floor of the new york stock exchange. Nicole it, has only been 23 days, amazing they had time to print hats. I love it. They had these ones ready, already, melissa. They were right behind the trading booth ready to go. When we hit 24,000, they knew 25,000 was coming. As you noted another record. When you thought we couldnt break all kind of historical records, not only at the highest levels ever, we hit the most record closes for the dow last year ever. Now we have the shortest, fastest span between 1000point milestones from 24 to 25,000 as you noted. Lets take a look at some of the other names were watching. The fang stocks, these names so many much us know so well. We use these products. We have them in the portfolios at home. Amazon, facebook, alphabet, netflix. All hit alltime highs today. People still think this market continues to the up side. As weve been covering bombogenesis this, cold storm blanketing the east coast, looking at some blizzardrelated stocks. Names like douglas dynamics, generac, toro, home depot, to the upside, getting snow removal equipment, using a generator, all those moved to the upside today. Melissa love it, nicole. Thank you. David applauding 25k, how can you do otherwise. President trump quote tweeting, dow crashes through 25,000. Cuts of unnecessary regulation continuing. We have dan mitchell, cofounder for center of freedom and prosperity. He writen a lot about deregulation, that might be important than tax cuts. Todd, youre a little reluctant on stock markets. I hope youre not fighting this tape, are you . No, david. Happy new year. Im long the market. Im long in my investing account and retirement. Im not getting out. Think were a little bit frothy here. Congratulations to dow 25,000. I wish the confetti was flying over my head. It is great. Regulations are great. They are cutting things down. But we all know the markets will find a place and a reason to sell off at some point. There are still a lot of ugly scenes under the surface that will one day come to play. David like what . Massive amount of debt we have today. We have more debt today than 2008. Auto and student loans. We have a lot of problems were ignoring. Consumers confident, spending more than they make again which is another problem. We dont have job growth through earnings. We dont have wage growth yet. David were beginning to see wage growth. Were certainly seeing job growth. Dan, talk about deregulation. Tax cuts are wonderful. I like it when taxes go down. On the other hand, the market started going up long before we had the tax cut law in there. It was deregulation, 22 cuts in deregulation for everyone addition in regulation, that is extraordinary, is it not. There is no question that businesses are looking at the environment in washington and they feel they have breathing room. They feel theyre not getting hit with one new regulation after another which is happening all during not just the obama years, but even the bush years. So there is a change in mentality in washington. It is not so much that weve had deregulation. There has been a little but the main thing, i think is just the fact theyre not getting hilt over and over again. You combine that with the big Corporate Tax rate reduction, i think yes, there is a Better Business environment. Now i dont disagree there could be a bubble. You know, markets when they go up, sooner or later there is a correction. But i think some of these fundamentals in the economy are Getting Better because policy in washington isnt as bad anymore. David you know what, getting back to taxes for a second. Paul krugman embarrassed himself once again. Not only made the worst prediction of the stock market on the night of election saying it would go down and never recover. Now he says there is no relationship at all between tax cuts and incentives for companies to invest to which you say what, dan . I think he must be smoking something really fun. Maybe he had a big new years eve bender and it hasnt ended yet. Be honest about it, places like hong kong and singapore how fast they grow, not just year after year, but decade and decade, compare that to the economic stagnation to place like france and italy. Obviously taxes are not only thing that matter. Taxes, monetary policy, trade, you name it. If youre a business and investing if youre an invest tore you look at after tax rates of return. Taxes matter a lot. David todd, dont you think in 2018 well see a big increase in investment because of the new tax law . I think there will be more investment. I agree with you there will be more money. We need to see money not only going into bonuses and buy backs of stocks and capex spending within this country and see some growth so we create some real jobs. But the real thing we need is a little bit of higher Interest Rates so we actually let the Small Business guy borrow money because they pay the best wages, and they are the true growth of america is Small Business which we really cut out. David we hear from a lot of ceos saying they will increase Capital Expenditures a lot. Well see if they follow through on that. Todd, dan, thank you very much appreciate it. Thank you. Melissa press secretary Sarah Sanders wrapping up briefing this afternoon with the bulk of the questions about Michael Wolffs tellall book about the president. Kevin corke at the white house to break it all down for us. Kevin. Reporter hey there my friend. A blizzard all right but a blizzard of cease and desist letters from the president s lawyers. Let me share what is once again a pretty interesting day at the white house, once again were talking about the forthcoming book, fire and fury. The first time president we heard today talk about and i should also add he talked about one of the people who is very frequently quoted in the book. Were talking about his former chief strategist steve bannon. The book, as you know generated a storm of controversy because of a number of different allegations made in the book. A few eye openerses i should say from mr. Bannon himself. Among them, bannon is said to have called ivanka, the president s daughter, dumb as a brick. He said that the president eats mcdonalds food, because he fears being poisoned. He said there was one in three chance that the president would resign. Wow. Now for his part, bannon seems to be downplaying it just a bit to be frank. He said, look about this socalled rift with the president , it doesnt exist. In fact he went on his Radio Program today to say he is still 100 behind the commanderinchief. Dont worry, there will be no daylight between the agenda of donald trump and folks at breitbart, this show and the websites. President of the United States is a great man. I support him day in, day out. Whether going through the country giving the trump miracle speech or on the show or the website. I dont think you have to worry about that. Reporter it is clear that the patience of white house officials, melissa, is getting just a little bit threadbare. Take you to the White House Press briefing this afternoon. Take a listen to Sarah Sanders. Unless concerned with my exhaustion as i am with the people of this country. I dont think they really care about some trash that an author that no one ever heard of until today, or a fired employee wants to peddle. This is the focus of this administration, it is moving our country forward. Hopefully everybody in this room will join us on that effort, focus on some of policy components instead of ridiculous lies we have to spend all our time here focused on. Reporter a little bit fired up here. I asked her that question, i know what it is like, have an agenda, trying to get it out there to communicate with the American People what your goals and aims are, and you get sidetracked or sideswiped by a book like this. A lot of frustration as you can well imagine. Not just a cease and desist letter to the publisher but specifically to steve bannon. Nobody think the president will go forward with that. It is out there. Well watch very carefully to see if something happens. Melissa, back to you. No doubt. Here is bob cusack, the hill editorinchief. Some of the stuff in there, one in three chance of the president resigning, that sounds like Wishful Thinking from his enemies. Yeah. We knew this book was coming. Which knew it would be a tornado, there were a lot of people interviewed. It is interesting bannon is not disputing anything in the book but other people on social media, reporters said this certainly sound as little off. This could be exaggerated. It has been a distraction for the white house. Especially the first week back after the holidays, especially after the big win on tax cuts and economy and stock market and all that kind of stuff. That is why i think the white house would be wise to move on and push its agenda. They got a big partisan win on tax cuts. Maybe they can get a bigby partisan win on transportation. Melissa i have known Michael Wolff a long time. His writing is like this all the time. He wrote like this in on vanity fair. He is a hired gun, an attack dog. This isnt a surprise. When people see him come around they dont understand the book will be unflattering . A lot of people are surprised how much access he got. That is credit to him he got the access. But clearly when bannon is quoted going after the president s children that is certainly personal for the president. Melissa oh, yeah. Criticizing the president one in three chance he resigns. Seems by all accounts trump enjoys the job. Enjoys it a lot. Melissa great. He will stay in the job as long as he can. Melissa seems like he is delighting in the job. So many things you read sound like they cant be true. On other hand, for people, seems like one of those books that changes no ones mind. The people hate him read it, believe every little bit. People who love him think its a total law. Thats a great point. Melissa like the tweets. It changes no ones mind. Everybody gets more entrenched in their position . Thats right. I totally agree. Some people will see this as complete fake news. Other people dont like trump they will believe it. Melissa gospel. In 2018 people will vote on the what trump has done and the tax bill and some will vote because they dont like trump. Melissa he is able to blip up a lot of storm, get a lot of attention. Bob cusack, thank you. Yeah. David breaking news. Judicial watch releasing 18 classified emails in the newly found documents on Anthony Weiners laptop. Weiner is estranged husband of Hillary Clintons top aide, huma abedin. All stemming from the investigation of former secretary of state Hillary Clintons email scandal. Melissa interesting. The president focusing on his agenda today meeting with a select group of republican senator this is afternoon, to discuss legislative priorities. What can congress and the white house accomplish this year . South dakota senator john hoeven was in the meeting and he joins us later in the hour. David then there is this. A major security flaw that could affect your computers and your smartphones. More on this, why the ceo of intel is now under fire for selling millions of dollars of his shares, whether those sell, whether the selling of those shares and the glitch are related. Melissa deadly winter storm slamming the entire length of the east coast from florida to maine. Southern states digging themselves out after this rare event. Tens of thousands of Power Outages are expected before a deep freeze sets in. We are live in the Weather Center and on the ground, where the storm is hitting the hardest right now. Never seen snow. First time, last time i saw know. Was about, a long time ago. I dont really even know how to drive on the road like this in this type of weather with new car replacement™, well replace the full value of your car plus depreciation. Liberty mutual insurance. Hi, im mindy kearns. Its greatnice to meet you too. Your parents have been talking about you for years. Sorry about that. Theyre all about me saving for a house, or starting a college fund for my son. Actually, i want to know what youre thinking. Have a seat. Yeah. Knowing that the most important goals are yours. With 15,000 financial advisors, its a big deal. And its how edward jones makes sense of investing. David historic bomb cyclone pummeling the east coast unleashing blizzard conditions from virginia to new england. Once the storm passes very, very cold air will be left behind. Fox news meteorologist adam klotz in the Weather Center with the very latest. Adam. Hey, david, were track the storm. Unfortunately for the folks in the path of it runs to the north. You see center of circulation as it runs north. The closer to the coast it will get the heavier the snow and stronger the winds especially for folks along the coastal areas. Were seeing in spots like boston, providence, still heavy snow at this point. Temperature around 30 degrees. Temperature light in new york city. It always was, still is, talking about maybe eight inches there. At this point farther to the south, beginning on the back side of this, still light snow with the final bands. Should wrap up for those folks in a little while. Winter watch and blizzard warnings in midatlantic and maine. That area will hit hard as we get into the evening and eventually the overnight hours. What needs a blizzard . Low visibility and overnight winds for three hours. That low visibility makes it the toughest. All the snow on the ground, winds gusts really strong, it picks it up, you cant see anything. Visibility from 1 10 of a mile to a third after mile in boston. We have better visibility in new york city. Visibility now further south up to 10 miles in d. C. You mention the temperatures dropping as it continues to move. Here is the future radar. Pay attention to the time stamp. It clears out entirely in the overnight hours. With the circulation grabs cold air. You see the numbers fall. Look at that 14 degrees, by the time you get going into early friday. Plenty of spots into Single Digits or negatives. It will be really cold for us on friday, saturday, and sunday, david. David you didnt talk about the Power Outages. I have a place in cape cod. What worries me. You first have the winds. They bring down the power lines. Then you have subzero weather, that brings on freezing of pipes. Im a little concerned as im sure people are about that. You have to find somewhere to go. David thanks very much. Melissa. Melissa fox newss bryan llenas is watching the storm in boston. What is it like there . Reporter guys, were talking about 12 inches of snow here in boston to about 14, 15, 16 inches outside of the boston area. Right now Power Outages, you are talking about it, were talking about 22,000 plus power out ages at this moment in massachusetts. The big problem, as you mentioned it is heavy, wet snow. You have frozen precipitation. There was freezing rain earlier as the storm comes in. It causes weight on power lines and causes Power Outages. Were talking earlier about flooding. This is video of the square yum station in downtown boston, aquarium station. This is highest recorded tide in terms of the water level weve ever seen in boston, or it will tie the blizzard of 1978, that is according to the National Weather service in boston here. That is about 15 feet of water level, because of that flooding that came in from this storm. On top of the flooding, the big concern obviously is well, they have to keep people off the streets. Theyre asking, mayor of boston and governor here in massachusetts asking people that there are still too many cars on the roads. Telling people to please stay home and stay warm. We need the plows to go in and out, to clear those streets because those, that arctic blast is on its way. Were talking about windchills dipping into the minus 20 range in this area. That is dangerous situations. So that water that came in, it is receding slowly because there is chunks of ice in it. It is freezing quickly. So that is the concern. Obviously if you are in a home that doesnt have power and you are not warm, telling you go to a friends home or to go. A warming shelter. That is the situation here. The peak of the storm supposed to be done right about this time 4 00 to 5 00. It will start taper being off tonight, guys. Melissa bryan, your lips are freezing. Go back inside. Thank you, david. David victory for the House Intel Committee. The Justice Department finally striking a deal over a highlysoughtafter documents related to the antitrump dossier. Plus the United States made a major agreement with south korea today regarding military exercises. We have the latebreaking details coming next. If north korea wants to pick up the phone to talk to its neighbor south korea we have no problem with that. Our policy remains the same and frankly the same policy as south korea, japan and many other countries in the world, that is the denuclearization of the korean peninsula. Nutes so we can all sleep easier tonight. 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