Go ahead. Yes maria all of this coming up. Donald trumps economic speech yesterday. We are breaking down the economic plan coming up. A scare in the heart of new new york city to report, gunshots fired after a man attacked a police officer, an update with the officers condition, we will tell you what went down coming up. A massive recall with chrysler, 2 million cars off the road which are tie today at least three deaths. Samsung recall now finally the response to the exploding batteries could be helping iphone 7 sales, the new device hitting stores today. Why gasoline prices on the upswing very soon and Deutsche Bank still haunted by the financial crisis. The Justice Department hitting the german lender with a 14 billiondollar fine over toxic mortgages. The stock continues to plunge this morning again, the bank says it will fight back. Futures, meanwhile pointing to a lower opening this morning. A wild week for the market. Take a look at where we stand right here. Decline of 50 points in the Dow Jones Industrial average. The Stock Plunged weighing on the Banking Sector in general, makes performances right now with the ftse squeaking out a gain. In over overnight, nikkei average in japan only market open edging higher. Joining me to talk about lea gabriel and recon capital kevin kelly and wall street journal editorial page director James Freeman is with us. Good morning to you. Good to be here. Kevin what a great week, governor pence yesterday and i saw you were at the economic club. Im looking forward to hearing your take and talking about that. Maria thank you so much. On the ground seemed like a good reaction to the plan. We will talk about the economic plan yesterday and, of course, speak with donald trump. Coming up this morning donald trump will join us at 7 30 a. M. Eastern. You dont want to miss that. We will get into all of the issues of the day and why he says he can do better than 4 Economic Growth in the next couple of years. Breaking it all down republican president ial nominee donald trump outlining his plan to boost the economy yesterday. He says he wus change our current way of thinking. Watch. Its time to start thinking big once again. Thats why i believe its time to establish a National Goal of reaching 4 Economic Growth. We put together a plan that puts us on track to achieve that goal over the next ten years our Economic Team estimates that under our plan the economy will average 3. 5 growth and create a total of 25 million new jobs. Maria sounds good. Lets bring in peter right now. Former partner at goldman sachs, author of american mo jrk o and also supports donald trump. What do you think of over all the economic plan . Its fascinating to see how donald trump has matured. Its his third plan and come to focusing on what we should be doing and keeping business here and going away to being generous towards the 1 and more to the middle class. Maria do you believe that we could see 3 and a half to 4 growth . I believe this is an aspirational goal. I do think what it does it puts business to work and does encourage particularly Small Business to invest. Maria kevin kelly. Kevin he wants to bring funds overseas. Hes talk about taxing the money at 10 . What i would like to see him do is towards the job number or stipulations about it for bringing it over. Whats interesting about donald trump is hes talking about free trade a lot. Free trade is move of goods and Services Without restrictions. Hes attacking nafta which has those types of things. Im curious to get your take on what what he thinks trade policies are, what is your take on his trade policy . Honestly, if theres any place that donald trump rigs being all wet is in the trade area. His talk about china is great lade lines but theres no economic outlines, no economic outline without a strong relationship with china. It wasnt too long ago where General Motors sold more cars in china than it did in the United States. They sell by 2. 3 million cars in china. Anything we do has to have a good Strong Healthy dialogue debate discourse but china is going to be part of our future. Maria he really is obsessed with nafta. Look, i get you on the concern in terms of disruption over trade and are we going to see tariffs. That would certainly be a negative. It seems to me that what hes pushing any bad deal and making it better. Hes a negotiator, hes a deal guy, maybe we could actually get a better hand on these deals. I actually think he could take an outrageous statement and back it down. If thats where we are, thats tir terrific. What troubles me when you have a concept of 35 tariffs as weapon, you dont take it out. Maria he didnt say that . He didnt say 35 . I think thats what so encouraging on the speech yesterday and lately he has not talked about a big tariff on chinese goods coming. He has not talked about huge tariff on ford when that he built in mexico. What he was talking about yesterday was really enforcing existing laws, bringing cases where china is cheating. I think for a lot of people are worried that hes going to start a trade war. Now, certainly they were not big on the trade message. Im not either. The big applause line was the 15 Corporate Tax rate but i think maria thats the corner stone, 15 Corporate Tax rate. No question. I sit on boards and when youre sitting in a fiduciary role, its almost impossible to look at 15 and say this is a great way to improve our business an induce us to stay here. I think thats where the 4 Economic Growth goal. Maybe it is reasonable because you think about u. S. Corporate taxes going from the highers in the industrialized world to among the lowest. We are not at irelands 12 and a half percent but highly, highly competitive. I think the question is how quickly can that Economic Growth happen. So much of the plan how fast is realistic . Theres a lot of assumptions in there. If we can do the small piece right away, Small Businesses are paying 15 , i think theyre going to hire and invest right away. The cradle of job creation. He can get Small Business cranking kevin you can get to that 4 that we are talking about and when special interest are able to push legislation in their favor and hurt Small Businesses that we are talking about because they have to navigate the red tape. Maria even more than taxes is the regulatory burden. When i speak to business people, they are more interested in rolling back regulations than they are actually in Getting Better taxes. Businesses big and small complain about the regulatory environment. He wants to roll back like obamacare, doddfrank and the ep a had a huge number of new rules and has hurt a number of industries. The epa rules. Listen, i think every state ought to have a department of regulate sanity. Theres too many obstacles to progress and they all lie in regulation that is are dated, ancient and need to be changed. Kevin you cant find someone in congress that read the entire doddfrank ad. You talked about it in your book. I think if you look at doddfrank over 22,000 pages of Regulatory Reform came out of that. Who can navigate that . Certainly not Small Businesses. Maria obama put 3300 new rules just this year. I mean, thats how many new rules. The economic plan in a nutshell, number one tax reform, number two Regulatory Reform, scaling back regulars and number three tapping into the energy space and number four redoing trade deals that are not advantageous to america. Thats the plan in a nutshell. I think hes being much more mature about helping working families, you put that all together and its a winning plan. If you want to mess my hair, you can. Maria i will take a pass. [laughter] maria thank you so much. What did you think about that . It shows humility. Shes very good in front of the tv and debates are tv news, we will see. Maria he was himself. Kevin hes relatable, she isnt. I actually like his hair that way. Maria republican president ial nominee donald trump will join us live at 7 30 a. M. Eastern, so we will ask him about that, getting his hair all messed up last night by jimmy fallon. Shots near hub new york city after three nypd officers attacked by a mean wheeling a meat clever. We are back in two minutes time. Stay was. Healthy, free, the world before me, the long brown path before me leading wherever i choose. The east and the west are mine. The north and the south are mine. All seems beautiful to me. Safety doesnt come in a box. Its not a banner that goes on a wall. Its not something you do now and then. Or when its convenient. Its using stateoftheart simulators to better prepare for any situation. Its giving offshore teams onshore support. And its empowering anyone to stop a job if something doesnt seem right. At bp, safety is never being satisfied. And always working to be better. Maria welcome back, three nypd officers were injured yesterday in an an attack involving a meet clever. Cheryl casone with the headlines. Cheryl yeah, maria, in midtown manhattan after tense moments, police opening fire on a man wheeling an 11inch clever. Thats a major hub here. He was confronted by an offduty detective. The suspect led officers on a foot chase through midtown before climbing on top of a police car and slashed the detective in the face. The police say the offduty detective was in condition and has 6inch cut in the face and the suspect critical but stable condition at a local hospital this morning. Officials telling fox news the attacks to have no ties to terrorism. Yesterdays incidents comes after nypd accepts down and he served as the police chief in los angeles for seven years. Well, in business headlines this morning, Fiat Chrysler recalling vehicles which have been linked to at least three deaths. The effective vehicles in the recall include 2010sebring and chrysler 200 and dodge made between 2010 and 2014. The recall also involving 2010 to 2012 Dodge Caliber and jeep patriot and compass vehicles made in 2010 to 2014. In mexico the recall includes the 2010 chrysler syrus. Here is the year to date performance. The stock is down year to date. And i want to give you a warning, if youre prepare to go drive in the east coast, Colonial Pipeline co closed this week due to 6,000barrel leak that was found last friday. This pipeline, major artery delivering from the east coast. Colonial anticipated pipeline close if for week but bad watter weather. Colonial to restart pipeline next week. Here is where we are at. 2. 18 a gallon. Enjoy it if youre in the rest of the country. Here on the east coast we have to pay up or lu itle more. Maria thank you. Alarming warning on state of banks, Larry Summers say banks are more dearnlings today than they were in 2008. That is next. As iphone 7 hits store Samsung Galaxy is yanked off shelfs by government. Consumers complaining of phones bursting into flames. Back in a minute. Everyone thought i was crazy to open a hotel here. Everyone said its so hard to be a musician, but i cant imagine doing anything else. Now that the train makes it easier to get here, the neighborhood is really changing. Im always hopping on the train, running all over portland. I have to go wherever the work is. Trains with innovative Siemens Technology help keep cities moving, so neighborhoods and businesses can prosper. I can book 3 or 4 gigs on a good weekend. Im booked solid for weeks. It takes ingenuity to make it in the big city. Remember here at ally, nothing stops us from doing right by our customers. Whos with me . Im in. Im in. Im in. Im in. One, two, wait, wait. Wait wheres tina . Doing the hand thing . Yep we are all in for our customers. Ally. Do it right. We are all in for our customers. Thwow, its nice. Ew 2016 chevy malibu. Lets check it out. Do any of you have kids . I do yes. This car has a feature built in called teen driver technology, which lets parents see how their teens are driving. Oh, thats smart. It even mutes the radio until the seat belt is fastened. Will it keep track of how many boys get it in the car . laughter cause that could be useful. This is ahead of what my audi has for sure. Wish my beamer had that. I didnt even know that technology existed. Im not in the market for a car but now i may be. Across new york state, from long island to buffalo, from rochester to the hudson valley, from albany to utica, Creative Business incentives, infrastructure investment, university partnerships, and the lowest taxes in decades are creating a stronger economy and the right environment in new york state for business to thrive. Let us help grow your companys tomorrow today at business. Ny. Gov maria it has been a wild week on wall street. Markets coming off a big rally after a big day on the Economic Calendar but the week started after a huge selloff last friday comes of course ahead of the Federal Reserve meeting next week. My next guest says the fed does not want to shock the market, david joining us right now. David, its good to see you. Thank you so much for joining u. The fed meets next week the 21st, i think everybody agrees we are not going to see Interest Rate increase. 20 likelihood as you see how the market is, fairly weak, not confirmatory for rate rise, unemployment numbers, inflation numbers, Economic Activity numbers and then you saw yesterday just the market believed that its probably unlikely to occur. Maria do you think we are going to see a hike in december . Are you respecting an increase this year or no . Yeah, the bank is expecting an increase and every time we say that and we say that over and over again its really dependent upon data that shows period of several months that the growth rates are sustainable and the factors that we talked about are going to increase, indicate robust Economic Growth and every time we have this conversation, for the last really 12 months we get to the meeting, we see that the data is simply not there. Kevin we are getting terrible data, though, thats getting mixed messages to the fed. We havent hit inflation target. We met it on the jobs but theyve been focused on the globe, currencies. Thats the bulk of our economy right there. Services about 60 to 70 . One of the issues that we have noticed with the fed is that they look at the market, i think one of the biggest data points is where is the market this year, wheres volatility, if we have a spike in volatility which we have now i dont think theres going to be a market move but come december, should it be low . Will they raise rates and what would their guidance be because thats what set up volatility. Do you think guidance Going Forward will be one and done . No, i dont think the fed has ever been in a guidance oneand oneanddone mode. This would give them much more ammunition. Theres no history that they suggest they want to do it once and stop. I think youve exactly right. Youre going to have to see other data and they do look overseas. They really are concerned about markets, i think, one of the reasons they wont go is because of market volatility and all indicate that had people were having doubts about their continued commitment to low rates which i think it is absolute. If they are going to go, they will try to go continuously. They have been through the one and done and that was a bad action. I take your point about how we shouldnt expect rate rise this month. Shouldnt there be a rate rise when you look historic expensive bonds, this is really a tax on savers isnt it, and isnt it time for the fed to stop punishing savers . Thats not their goal. In terms of the impact. The impact here has not been nearly as devastating. 38 of the bonds are negative rates, we dont have them here. Savers here are still being paid. Our level of Economic Activity at 2 and a half percent is greater than all markets, say, china, you cant look at the market and say its punishing savers. Maria its not a policy, unfortunately thats what they are doing. They do look overseas. We have to ask you about the Deutsche Bank story because the Justice Department is hitting the bank with 14 billiondollar fine that stems from the financial crisis but the latest problem on the bank and how important should we be viewing the Deutsche Bank problem . Its one of negotiation and the fed im sorry, and the doj on this issue has negotiated settlements with all of the other banks starting with a higher number. Issue specifically with Deutsche Bank has to do with reserves, they have 5 and a half billion dollars of euros, its a significant matter for them and regulators and scary for the market. Maria listen, you have instincts on this. Just because youre a banker doesnt mean that you know more, do you think Deutsche Bank would get taken out . I dont have an opinion about that . I certainly think that its a linchpin for the European Economic system and having them be healthy and leading role in the economy is going to be important. Kevin if anything, Deutsche Bank would issue more bonds which they did last time when they got in trouble. Maria its a german jewel. Youre exactly right. There historically been these negotiations, none so big and public, however, its an unusual response. Maria look, i remember what the imf said, Deutsche Bank is the riggest risk to the financial system. Kevin thats because of e