The republican congressman in question has been raked over the coals as to what republicans are doing. Are they taking this thing apart . What we do know at this point, it is in the senates hands. The senate will take its sweet time on this there is no rush for this. The markets interpret that to mean, all right, fine, to come up with something even though you start from scratch, so be it. But it could delay the tax cut thing. Many, many times, delay in the tax cut is something that could be a problem because if it is pushed into next year, guess what . Growing talk it will be difficult in middle after Midterm Election year, and Midterm Election year, republicans could, potentially lose. Fascinating report that the cook report has uncanny track record on this stuff, more than likely ne year, republicans lose the house. Now you might say, wait a minute it, would take 24 swapped seats to dot that . It has happened in the past. Weve seen it multiple times. In fact every decade there is a sort of a titanic shift in thinking that leads to a big swing in the number of representatives, certainly in the house. Weve seen it in the senate as well. So we are due for that. The last big switch was 2006. Now the pressure building maybe 2018 could, really forecast the same events. To the politico capitol Hill Reporter rachel bay, daily callers white house correspondent, caitlyn collins. What do you think of that the gist of the cook report that republicans are stumbling into the midterm . I stress still early to say that things can and often do change but what do you make of that, that sentiment that is building, republicans could lose this thing . Youre exactly right it is way too early to tell on this the risk of this happening is possible but it is very, very small. Like you said, they have to switch over 24 seats. Now these are in places where republicans typically win. And we already know that republican turnout is much higher during primaries. So i dont think there really that big of a risk of losing their majority unless something really scandalous happens next year. Neil part of the thinking goes like this, that maybe there is a populist wave that just stopped, rachel. That maybe the French Election on the heels of what happened in austria and net letter lands where populist right leaning candidates went down to defeat that maybe there is a shift in sentiment . That is all you need to turn the house . What do you think . I think youre both right, that 2018 is still a long way off. That being said, health carry affects everyone. It could be the issue that puts the house in play. Were looking at swing districts across the country, seeing a lot of really angry constituents at town halls, but those are often progressive constituents showing up and shoutings causing these scenes. You have to look at the republican base. And the fact is if republicans do not follow through on Campaign Promises that they have made, for the past two years, they could have an issue in their own base. So were talking about voter depression, voter turnout in 2018. If they repeal this, sure they will get blasted by the left, potentially, definitely see some problems in the middle but if they dont do it, they could have just as many problems in 2018 as they do now. Neil if that were to happen, caitlyn, in other words, if there is sentiment building, wait a minute, republicans could lose the majority in the house, you both stress way to early to tell, could be selffulfilling prophecy, republicans heretofore look for running for reelections or republicans in democratic districts looking to run against incumbent democrats, think about iter of it . In other words almost grease the skids for just that . I think only way they lose seats if people retire. That is when it most likely another party will take over that seat for them. But i think a lot of people are worked up about this Health Care Bill right now but it still has to go through the senate. This will be a long drawnout process. Mitch mcconnell will not rush this. He will take his time on it. Health care bill will probably look a lot different than the senate is done with it when it passed the house. Neil i will end with you on this, this idea if that were to happen all of a sudden, rachel, that, mcconnell takes his time. This is, a fall event or late summer event, which some have it done, goes back to the house, they have to patch up and somehow reconcile these differences which would be substantial. Lets say they do get something that does lead to a repealing and replacement of obamacare . Now were well into the fall, this is my timeline prediction, i could be very wrong, i doubt it, but all of a sudden the time for tax cuts has evaporated or has it . I think that is exactly right. Paul ryan, the speak of the house, said this morning he is hoping that the senate only takes about a moh or two to put together a package. We have republican sources in the senate who think that is even optimistic. Once they write this more moderate bill, they will have to figure out how they are going to get that through the more conservative house, which means, you know, another month at least of negotiations and trying to find a bill that can pass both chambers. I agree, it will be the fall likely. That means tax reform, which you were talking about previously, is probably not going to start until at least the fall. If not early 2018. If they kick it into 2018, that is Campaign Season which makes every single vote harder. So we have this question whether they neil what about after 2018. If charlie cook and the cook report are right, he has been right before on these type of trends all of a sudden they wont have the opportunity with that body, potentially under democratic control, speaker pelosi, lets say might not be, you know preordained to accept tax cuts, right . I leave you both thinking. I like that. I want to thank you both. Thank you, thank you very much. President bam famously said it is courageous, courageous to stand by his health care law. It is courageous to do the right thing. In fact he was honored at a jf k1 hundredth honorary event, celebrating the 100th anniversary of the former president s birthday. That is profile in courage. That is what he won for. It got me thinking, is it courageous, is it mark of courage to support something that guarranties Health Benefits for all but are born for a few. Chris at this setzer says it is. Republican strategist, says is it is not. I think jfk would be rolling in his grave heard it as profile in courage to support a law, whatever you think about providing health care for all, that it is a mark of bravery to support something whose costs would be borne by a few . Yeah, you call it, he calls it courage. I call it stupidity to continue to support a law that has been a disaster for our country since the very beginning. That nancy pelosi herself said wasnt read until it was passed. That has stripped people of individual rights, i dont call supporting that courageous. Like i said i call it pretty unintelligent. I think the real courage was the American People to show up and vote to give us a republican house, a Republican Senate and republican president , who can change the way, can change the status quo. I think the real courage will be the people who can go in to put a deal together that will fundamentally change our health care system. Neil christie, im sure you agree with everything just said here. I will leave that as a moot point. One of the things i isnt it more, whether you agree or disagree with what republicans trying to do, isnt it more courageous theyre attempting to do, theyre running into buzzsaw of nasty town hall meetings, people saying theyre trying to kill off americans, strip people of health care, make them sick to the point that they die on the vine . And knowing that to make this better, i think democrats and republicans agree, indeed some financial shoring up, math itself doesnt support it, that the courage again is to on challenges this . What do you think . I think that the courage, sure, would be in seeing that the bill, that the law needs some fixes, but that is not what is being proposed by republicans. Even in the previous version only 17 of americans said they supported the bill because they knew based on the cbo score, that at least 24 million americans would lose coverage given what republicans proposed. Neil i think we dont know what it will look like. Neil the study you alluded to growth, numbers bringing on to the system, it woo slow by 24 million. We just dont know. Right. Neil what im asking you, americans have seen effect of higher premiums, theyre told it would have been a lot worse without the Affordable Care act. Do you agree with that, christie . Absolutely i do. That was neil weever know. Like proving a negate . It is bad but it would have been hell of a lot worse. What would be more expensive f we go to highrisk pools that republicans are proposing talking about premiums start 1000 a month, if you happen to unfortunately be in that highrisk pool. Say you have a preexisting condition, through obviously no fault of your own. Maybe you will have to pay 20,000 a month, god forbid you have cancer, lets say. Look, i just dont think it is morally courageous of americans to say that because you dont make enough money, you should die because you dont have health care. Neil i dont think anyone is advocating that position. I know where youre coming from, ashley the bottom line seems to me, that i have a different definition of courage. I talk to a lot of doctors, i talk to a lot of specialists. My big fear seems to be they are being left out of the equation, when they say to man and woman, not all of them, ones i met, theyre concerned, theyre very, very worried, they dont know whether this system will do the trick or president obamas system will continue to do the trick, right now theyre hat happy campers. That cant be a good sign. For president obama to say it is corageous to continue support something that is broken regardless what the alternative look alternative is right now, that is just false. That is a very poor definition of courage. Neil all right. Guys, i want to thank you both very, very much good having you. Were keeping an eye on apple. In and out of record levels here. First 800 milliondollar company. Next stop a trillion dollars . If you throw in the 256 billion cash it is sitting on it is already there. It is the highest market cap of any company on the planet right now. Now the question, does momentum continue . Have you seen this . I want to he show you something here. This is what happens when people find out, wait a minute, you dont carry fbn . . This is having to do with Spirit Airlines canceling flights. You dont do that. You dont do that. This is ridiculous. When this bell rings. It starts a chain reaction. Thats heard throughout the connected business world. At t Network Security helps protect business, from the largest Financial Markets to the smallest transactions, by sensing cyberattacks in near real time and automatically deploying countermeasures. Keeping the world of business connected and protected. Thats the power of and. A 10speed directshift 5. 0transmission. Ine. A meticulously crafted interior. All of these are feats of engineering. Combining them with nearperfect weight distribution. Is a feat of amazing. Experience the firstever 471horsepower lexus lc 500 or the multistage hybrid lc 500h. Experience amazing. Neil all right. There is something called the vix index, we follow very closely in this business. It sounds a little nerdy. Right now it is registering its lowest reading since 1993. Technically a lot of people look at that, say, well, if there is very little fear out there, that cant be a good thing because it is counterintuitive in that when there is very little fear, obviously people are too complacent, too happy, the market will go to hell in a hand basket this at that mom none we follow closely. People bet money on that. That fear gauge is such that people dont seem to be very worried. That is tempting a lot of investors. Maybe among your friends and colleagues who rush into the market think nothing of it. A lot of pros who tell you, including sam zell, my special guest on your world at 4 00 p. M. Sometimes the crowd is missing something. But when the crowd goes one way sam zell goes the other. What do make of that . We have two market watchers. Heather, youre looking at this, seeing this, and saying what . Not to worry or what . Well, as you stated, neil, the vix, the fear indicator so to speak. Neil is usually a bullish sign when it is at alltime lows. That there is not a lot of volatility and panic ith marketplace right now but im actually going to take the opposite stance here because it is at alltime lows but weve had an amazing week of all of these macro events from policy out of washington to French Elections, a great jobs report. So for volatility to be this low, its almost a little bit eerie. The calm before the storm. Neil yeah, you know, it depends when you place it. 1993, if you think about that was right when bill clinton was taking over. And there were dour forecasts for the dow. Then we know what happened after that. It took some years here but could be presaging continued good times or it could be presaging the opposite. Where are you on this . Well i got to tell you im kind of along the lines what you heard on fox business most of the morning it is terrific that is happening. Neil i love you who you incorporate fox business when you discuss things. I hope you took note of that. Always, always. You have prove vern it is the best business channel in the world so only one to follow. Reality is, neil, that i see a cognitive dissonance out there right now. Think about this, neil. We had. 7 gdp. We have a lack of productivity. We have basically full employment. We have allowed low Interest Rates to distort the markets dramatically. And so i tend to agree with heather. I couldnt be so complacent here right now. Just assume that everything is going to be great because think about what happens to companies when they miss earning . I mean Quarterly Earnings come out neil they havent. 3 4 are beating estimates right . Maybe it is justified. Earnings are up 13 yearoveryear roughly in the s p 500 across the board but then why is gdp at. 7 of 1 as craig alluding to . It doesnt make sense. The Federal Reserve came out and said this may be transitory. There will be revisions. Gdp growth may pick up in the economy. That is still anemic number to have pull employment, no volatility and stock market near alltime highs. You hope it is not predicated on the fed and lo earnings expectations. Neil . Neil go ahead, craig. Think about what heather just said, it is so important. Earnings up 13 , taking out liars like under armour that missed, went down 22 one day. You have a stock market that tripled since the lows of 2008, yet we had subbelow 2 growth. How do you justify a stock market that has tripled when you havent had growth to compensate for that . Neil maybe because it is factoring in growth with tax cuts and all the youre not buying that right, heather. I dont buy that. Go ahead. I hope so. All predicated on expectations. But the fed i think has helped prop this market up with low easy, low Interest Rates. Absolutely. Easy money will flock to the stock market and risk assets because there is nowhere else to put your money, neil. Absolutely. People are chasing return, neil. Only place you can go is the stock market. That is just not american investors, but the world. And fox business. Neil youre both invited back brilliant as you were. That is not a hard and fast rule. I throw that out there. This is one of the things we look at. A vix low seems to say investors are happy with the way things are going, hunkydory, a lot of times that pans out exactly as it is. If youre contrarian, i dont know if everyone is so relieved and happy, not worried. Maybe i should be but it is out there. There are plenty of examples on both sides. Meanwhile the earnings pace continues after the bell we get disney earnings out. Keep in mind they will look closely as espn where they had all the waves of layoffs. Lori rothman at New York Stock Exchange with more how this parade is going particularly with a focus on disney. Good to see you, lori. Thank you, neil. Back at you. Espn is the most important unit of disney media holdings. The operating revenue from espn alone is bigger than movie studios and theme parks. With that said, look for net income 1. 41 a share compared with 1. 30 compared to year ago. Q2 im giving you. Disney just not provide revenue guidance. So the analyst, Thomson Reuters analysts are predicting growth for disney. Watch espn in particular this subscriber growth. In the First Quarter disney reported 762,000 subs dropped service. Blame it on the socalled cord cutting phenomenon. Also, cost cutting. They have got rising costs. They had a huge round of layoffs. Espn laid of 100 workers a couple weeks ago. That sends a message to investors on wall street, theyre really in need of some reform and some turn around plans. Well listen closely to that. After the bell tonight you want to watch the numbers, after the bell, 4 00 p. M. Eastern. Back to you. Neil thank you very very, very much, lori rothman. A lot of people look to disney earnings sort of entertainment mutual fund these days if you include theme passenger and television and hightech holdings and the like, it is sort of a Mutual Fund Investment on the status of that industry. So well watch that one very, very closely. Those earnings come out right after the closing bell here, one of those more scrutinized earnings reports as well. In the meantime smartphone cameras seem to catch so much on planes these days, sometimes long before you get to a plane. That is in the case of spirit, if you havent canceled that plane. If you havent canceled those flights. This is what happened when spirit did just that. [shouting] at angies list, we believe there are certain things you can count on, like what goes down doesnt always come back up. [ toilet flushes ] so when you need a plumber, you can count on us to help you find the right person for the job. Discover all the ways we can help at angies list. Neil all right. Ivanka trump was supposed to meet with epa chief scott pruitt on climate change. They did do that. Jared kushner is trying to be a peacemaker were told between President Trump and <