All closed at records for the second straight day. We have more on that in just a moment. But we begin tonight in our nations capital, where there are new developments on an issue of critical concern to investors like you tax reform. Today the republicans sent out a save the date notice for september 25th, when they plan to release the core elements of what they call big, bold tax reform. This is the beginning of the process. Its the beginning of a very important process to achieve for the first time in a generation overhauling our tax system and giving middle class families and as the gop prepares for its legislative push, the president , encouraging lawmakers to work quickly, made clear what he wants to see in the proposal. Make the tax code simple and fair. Cut taxes substantially. It will be the largest tax decrease in the history of our country for the middle class. Encourage companies to hire and grow in america. And by doing that, were going to have to reduce the taxes for companies. Right now were at 35 , and really much higher when you add state taxes in. Ylan mui reports from washington. Reporter Republican Leadership plans to release a tax reform plan the week of september 25th. President trump has begun reaching out to democrats. But omb director Mick Mulvaney is skeptical that theyll come on board. Thats a real concern of mine, democrats might be committed in their own mind for political reasons that they simply cannot give the president a victory in his first year in office, maybe ever in office. Reporter republicans will be able to pass tax reform in the senate with just 50 votes. Today mr. Trump met with the Problem Solvers Caucus at the white house to talk about tax reform. Theyre a moderate, Bipartisan Group in the house. I spoke with their democratic leader but why he thinks President Trump wants to engage with their group, not just on tax reform but also issues like immigration and infrastructure. The president realizes that you get a lot more done working together. And theres a bunch of us who want to sit at the table, roll up our sleeves and get to work on issues like tax reform, infrastructure, to make sure theres bipartisan support for daca legislation. Now we have to push it ahead and get it done. Reporter asks whether he think the gop timeline for tax reform is realistic, he said no, but hopes springs eternal. Im ylan mui, on capitol hill, for nightly Business Report. Today more than a dozen Democratic Senators stood wi vermont senator Bernie Sanders as cosponsors of his bill for a governmentrun single payer we say the function of a rational Health Care System is to provide quality care to all in a Cost Effective way, and not to continue a system which allows Insurance Companies and Drug Companies to make hundreds of billions of dollars in profits each year. The proposal would be phased in over four years. In the first year, the eligibility age would be lowered to 55 and include all children under 18. In the second year, 45yearolds would be eligible. In the third year, 35. By the fourth year, senator sanders says, everyone would be covered by what he calls medicare for all. But what would expanding medicare for all look like . How much would it cost . And who would pay how much . Our guest is the Health Care Policy analyst at capital street. Welcome, good to have you with us. Im going to ask you a simple question, not about political practicality w set that aside. Is this a practical idea, single payer medicare for all . If it were an idea that came up 40, 50, 60 years ago, then possibly. The problem with proposing it today is that we have medicare. We have medicaid. We have tricare. T 150 million r employer. N insuranm what we have right now is a patchwork system. And introducing this on top is of course expensive, but its also just difficult, its difficult to do. But i think 40, 50, 60 years ago it may have been doable before these other programs came about in a big way. But does it become part of the conversation and perhaps part of the a workaround, this patchwork type of system . Well, i think its its a possible solution. I think the costs are troubling. 30 trillion. Some of the estimates are that high. We havent seen any estimates for how it would be paid for. And its alluring. If youre somebody with insurance, dont have to pay copays, you dont have to pay deductib s also a flip side to that. Do we turn into canada or the uk, where there could be a gatekeeper function from a set of government officials who are saying, yes, you can have that knee replacement, or no, you cant have that surgery . So there at some point would have to be an effort to contain costs. And i think consumers who like their choice right now with whatever insurance they have, if they are lucky enough to have it, might not like that. But dont private Insurance Companies have gatekeepers too that decide what drug is on the formulary or what kind of surgery is indicated and what theyll pay for it . They do, they absolutely do have prior authorization. And i think thats what you would see with this type of a program too. Again, if were looking out four, five, ten years, if they actually happens, which i dont think it will. Because you mentioned health insurers, there are some insurers that could like this idea from a business perspective. That is, you have insurers that work with the benefit to provide plan benefits to medicare beneficiaries. Theyre also paid by the government for their services. I think some insurers like aetna, united, humana, that operate in m. A. Or Medicare Advantage could potentially, if this program is tweaked for everybodys buyin, could be actually profitable for health insurers. Thanks very much, im sure its a discussion that will continue for months, maybe years. Higher prices at the pump helped to lift the latest gauge on inflation. Producer prices rebounded in august thanks to a 9. 5 increase in the cost of gas. Economists say even though gas prices could rise further in september, a reversal is expected because of the glut of supply on the market. As we reported at the top of the broadcast, there was a wall street hat trick as the three major indexes eked out big enough gains to close at record levels. Energy shares gained on a rise in oil prices when offset a decline in technology stocks. The Dow Jones Industrial average up 39 to 22,158. Nasdaq added five. And the s p 500 rose about two points, enough for an alltime closing high. The department of homeland securi today ordered federal agencies to stop using software made by Kaspersky Labs. This over concerns about that companys ties to russian intelligence. But as andrea day reports, there are still thousands of businesses and millions of. Onsumers still using th the government no longer trusts kaspersky as a vendor. Reporter trust issues brewing for years. Does kaspersky, the russian cybersecurity giant, have direct ties to the russian government . The u. S. Government now banning the software from all of its federal agencies, saying, quote, the department is concerned about ties between certain kaspersky officials and russian intelligence. The risk that the russian government could capitalize on access provided by kaspersky products to compromise federal information and Information Systems directly implicates u. S. National security. Agencies have 90 days to remove the software. Here is a former government contractor. The problem is kaspersky is arguably the best Antivirus Software out there. Reporter the General Services administration, the gsa, has already taken the Security Firm off its list of approved government vendors. Founder Eugene Kaspersky worked in Russian Military intelligence, even graduated from a kgbrun school. According to the company, Kaspersky Software is used by 270,000 businesses, including those in energy, oil, and gas. In a lot of those sensitive systems, those machines theyll be running on are going to be air gapped from the rest of the internet anyway, which quite literally means theyre running on their own local network. As a result, it almost doesnt matter if theres a, you know, open back door to the kremlin. Reporter at home, at least 400 Million Consumers around the globe use the software to protect their computers. That according to kaspersky. Last week the software was taken off shelves at best buy. What does it mean for you, now that the government has banned the software . I would be very surprised if kaspersky continues a few years from now to have significant market penetration. Reporter kaspersky tells us, quote, given that Kaspersky Labs doesnt have inappropriate ties with any government, the company is disappointed for the decision but is grateful for the opportunity to provide Additional Information in order to confirm that these allegations are completely unfounded. No credible evidence has been presented publicly by anyone or any organization, as the accusations are based on false accusations and inaccurate assumptions. Kaspersky labs has never helped nor will help any government in the world with its Cyber Espionage or offensive efforts. And its disconcerting a private company can be considered guilty due to geopolitical issues. Kaspersky labs believes a deeper examination of the company will substantiate that these allegations were without merit. This isnt the first time kaspersky has shot down the theory. Some say the best course would be to uninstall the software and replace it with a different brand. For nightly Business Report, im andrea day. Ahead, why paying for a smartphone is becoming a lot. Are you still paying for Cable Television . A lot of people are going without it. They are the socalled cord cutters. And its happening at a faster rate than previously thought. Julia boorstin takes a look at the growing trend in a changing tv industry. Reporter cable and tv giants, watch out. Emarketer now predicting the number of people who dont have cable or satellite tv will grow 33 this year, to about 22 million. Thats about 7 million more people than it previously projected. Emarketer isnt referring to the number of subscribers but rather individual without access to a paid tv bundle. If a group of four roommates decides not to pay for cable, thats one subscription lost and four cord cutters. We see the trend accelerating, more and more people have more options to get the programming they want without having a traditional relationship with a cable or satellite provider. Reporter these new stormy forecasts come on the heels of comcasts ceo Brian Roberts reassuring investors about the companys warning that it could lose as many as 150,000 video subscribers this quarter. He says the trend is stable, just 50,000 net subscribers lost in the last 12 months. And comcast, along with all the other media giants, is working to keep consumers in the bundle and to reach them outside of it. Comcast incorporating youtube into its x1 Cable Service and looking for ways to segment its video offerings. Today at Goldman Sachs media conference, the ceo says his team is working on a new entertainment bundle in the 20 range, looking to launch it by december. Theres clear data to suggest that a lower price point that doesnt include sports has consumer appeal. What there hasnt been is product in the u. S. I have said it before, were highly confident a product will exist at this price point in this calendar year. Reporter fox news says they see no signs of products decelerating. On top of traditional bundles, murdoch believes that the cabling companies will try to make u the declines that are predicted. Im julia boorstin, nightly Business Report. Comcast is the Parent Company of cnbc, which produces this program. Dolby labs spikes thanks to, what else, apple. Thats where we begin tonights market focus. During apples market launch yesterday, the tech giant said a number of its new devices would support dolbys video technology. Dolby vision, says apple, will provide the highest resolution possible. With that, shares of dolby labs rose 9. 5 to 59. 07. With the Holiday Shopping season just around the corner, target is getting its hiring strategy in place for the busy period. The retailer said it was planning to pull in about 100,000 Seasonal Workers this year, up 70,000 or so from 2016. Target shares rose 3 today to 59. 51. Tobacco giant Philip Morris raised its Quarterly Dividend 3 , the yield just above 3. 5 . Philip morris shares fell a fraction to 116. 86. Medicaid coverage prior centene will buy if i hfidelis. Shares of centene rose 8 to 98. 16. After the bell, dow jones reported tennent health care is proposing a possible sale, sending shares spiking in the extended shares. But shares finished down 5 to 16. 24. A rise in customer spending wasnt enough to offset slowing foot traffic at cracker barrel. The restaurant and gift shop chain reported lower than expected sales but did beat analysts earning estimates. The company says it expects the environment to remain challenging in the months ahead. Shares rose 1 . The ceo of equifax issued an apology today in an op ed in usa today, describing the breach that impacted 143 million americans as the most humbling moment in the companys history. He says hes devoting extraordiny resources to make e apology did little to help the stock price. It was off more than 14 in the session today. Equifax is one of three nationwide credit reporting agencies that track and rate the financial history of u. S. Consumers. And consumers are taking advantage of their wireless carriers equipment installation plans with brandnew mobile devices costing up to 1,000. Buying a smartphone outright isnt always an option so many are paying for them in installments. But is that costing them more in the long run . Our guest is the editor in chief of cnet. Connie, thank you so much for joining us. Lets start first of all with whether or not leasing is the best option for consumers. So lets start right off the bat with some vocabulary. Leasing programs are like car leasing programs, where you are leasing it but not really owning it. So youre paying a monthly premium. What the carriers and apple have done is started these installment plan programs where you take the cost of the phone, divide it by 24 months, two years, and then they let you pay it out over 24 months. Usually apple doesnt charge you any interest, so zero interest installment plans. At the end of that period, you own the phone. Thats right. So the 1,000 phone is going to cost me 1,000 when im all said and done there. Its not going to cost me 1150 or whatever it would be if they were charging a financing factor. Well, so theres caveats to everything. So apple does take the cost of the phone, they divide it over that twoyear period. Then they add a little bit of a service charge. Why . Because theyre offering you what they call their apple care plus. Its a plan that lets you, if you break your phone or drop and crack the screen, replace it. And it gives you an extended warranty over the oneyear limited warranty you get. So their plan is actually slightly more than the actual cost of the phone. The carriers also take those 24month periods, divide it overt cost. There might be some hidden costs but generally speaking theres zero interest. Okay. Say you dont do it with apple necessarily but you do it with verizon or at t. What is the incentive for the carrier to basically underwrite that . Is it that they charge you for other issues or other things, or not . Well, lets look at phones. You mentioned it right at the outset, sticker shock. Phones today are costing anywhere from 700 up to 1150 now for the top end iphone. Some people might pause before they say i want to spend that much money on a phone. This gives you a way to spread out the cost or the pain. It allows you, say you want a certain model and you want a higher end model, it lets you make that aspirational purchase that you might not have been able to do because of that sticker shock. Very quickly, what happens if i cancel, i change carriers before ive paid off the whole phone . Yeah, you might be on the hook, probably, for continuing to pay it all off. But again, at the end you own it. So then you can go onto ebay or one of the iphone retail sites and sell it, because it is your property. Thank you so much for joining us, Connie Guillermo with c sunse net. Coming up, what does it take to get the power turned back on low Mortgage Rates are enticing borrowers to apply for new loans. Applications to buy a new home along with applications to refinance existing home loans, experts say that volume would have been even higher if not for the impact of hurricanes irma and harvey. Those two powerful hurricanes left a lot of homes in texas and florida flooded. That could lead to the rise in the number of mortgage delinquencies. Diana olick explains. Reporter Hurricane Harvey hit hughes tomorrow hom homes hd do the same to the mortgages on those homes, causing as many as 300,000 borrowers to become delinquent on their loans, and 160,000 could become seriously delinquent. That is, more than 90 days past due, which is when banks initiate foreclosures, this from a company which compared mortgaged properties in harveys femadesignated disaster areas to those in hurricane katrinas. The numbers are four times higher than originally predicted. Mortgage deliverannquencies in louisiana spiked 25 Percentage Points after katrina. The same could happen