American nation could achieve. No one could even come close to us. Maria the present renewing his call for immigration reform. He went to be an immigrant friend collecting welfare. Congressman Steve Scalise a special visitor on capitol hill. Bought a scion of card after another update on his health. Doctors say hes improved to fair condition. Once again another grade. Tropical storm cindy makes landfall. The threat of heavy rain and flash flooding 2 million. Photo looks to rebound today. The lowest level in nearly a year yesterday. Today up two thirds of 1 . The Broader Market in terms of stocks. Take a look at stocks this morning. The market fractionally lower. Dow industrials down 20 points. Nasdaq and s p 500. As you will see, weaker across the board. Ft 100 the cat around down 100. In asia overnight, as youll see with the exception of korea up one half of 1 . The motorcycle chain getting into rival ducati. We will tell you about that developing story. Tom brady makes another stop on his asian tour. Sumo wrestling. Check out these pictures coming up this morning. Real clear Politics National political reporter kevin curie burns. Pw partner and peoples corp. Founder john peoples is with us. Great to see you. Good morning, everybody. Good morning. The vote is coming next week. We will hear the details of the Health Care Plan today. What are your thoughts . I think its going to be the house version might. The question is will they get any democrats behind it . I doubt the get any democrats behind it. Really interesting divisions within the Republican Party. Some senators from states that extend medicaid. Others concerned about tax components. Trying to piece together the coalition is interesting. Maria former whitewater independent counsel robert ray is with us today and for ceo Charles Phillips is here, president of the New York Stock Exchange tom farley plus pennsylvania senator pat to me is here as well. Former republican president ial candidate pearly fiorini will weigh in as well. You dont want to miss a moment of it. Republicans set to unveil a draft version of their Health Care Bill on capitol hill this morning. Cedar rapids, iowa, President Trump told the crowd he hopes to repeal and replace obamacare. The president acknowledged when it comes down to actually passing it, republicans are on their own. Listen. If we went in god the single greatest Health Care Plan in the history of the world, we would not get one democrat vote because their obstructionists. So we have a very slim 5248. That means we basically cant lose anybody. I think and i hope we are going to surprise you. Ive been talking about a plan with heart. Had some money to it. Obamacare instead. According to a draft, the senate bill would repeal the following. It would repeal of most of the taxes that pay for obamacare, rollback coverage and eliminate federal funding for planned parenthood for one year. It also linked insurance subsidies subsidies to income rather than age. Joining us away from capitol hill, republican senator Luther Strange alabama. Good to see you. Thanks for joining us. What can you tell us about the bill in the senate . He described it now from what we know. Closely held, but thats a good approach. 9 30 eastern time we actually get a piece of paper to review. Train to any literature colleague Senate Majority leader Mitch Mcconnell and what hes been feeling this morning, do you feel theres more Common Ground . Whats the tone in the senate right now . We know whats taken place over the last five months in terms of the bill in the senate and house. Is there, and ground . Are you all coming together . I think we are. We are facing a disaster. We cant do nothing. We have an obligation to fix the mess. Thats the driving force. The American People expect us to act in President Trumps exactly right. That was his promise. We cant just ignore and let it fail. That would be a real, real disappointment. Along those lines, to get the democrats on board, does it have to fail because we see county after county relays signals a bit of a failure of obamacare. Its failing on the ground right before our eyes. No debate about that. Frustrating to see colleagues on the democratic side with attacks on the bill they havent even seen yet. They have no interest in helping us at all. That is focused on planning for all along. Our challenge will come together to repeal and replace. Train to the insurers come one of the nations largest insurers, infamous planning to pull out of Obamacare Exchanges in wisconsin and indiana and were unable to manage the cost signing up for the coverage, so there is that. Putting the dems aside, the wall street journal today reporting at least six senators uncomfortable with whats in the bill. Republican senators. Well, its been a long debate. Now we are at the end of the road. We have to make choices. I can tell you im interested in conservative principles. Thats what ill be looking for in the bill today, so im hopeful and optimistic we will come together. Im a Business Owner and this has been an issue since the day it started. We do business in nine cities around the country. Every single one of them go up 20, 30, 40 of the coverage has dropped. Right now i will have an operation next tuesday and i will have to write a check for 24,000. Many of my employees cant. What are you all going to do about these absurd costs because in reality theres not much insurance. Policies keep going up in benefits keep declining. I appreciate you saying that. Premium increases high deductibles a top priority. Im interested in health care. Not just an insurance policy that doesnt provide anything. Ive been in the same boat werent paid tremendous amount and i can afford it. Trying to do the right thing now has a premium in their mortgage. That is unacceptable and if we dont address that, i dont think you will have widespread support. Senator, Caitlyn Huey Burns here. Are you waiting to hear the senate vote without that and what kind of assessment would that mean for you in terms of your support . Im highly lit a skeptical that the cbo scores based on their record of success or lack thereof in the obamacare debate. I am going to be more adjusted to hear from the citizen and at least able to pay the most vulnerable in my state before you make any final decisions. Maria how do you feel about tax reform if we see about for Health Reform next week. How do we feel in terms of the Common Ground on tax reform and cutting taxes later this year . I think we are much more Common Ground on tax reform and health care. I heard more about that in Regulatory Reform than just about anything. Those are the major items i hear about from citizens of my state. That is a big challenge to come up with tax reform. Theres a lot of work behind the scenes thats why im glad we are having this debate come to a head. Weve debated this to death. We need to announce them together. Maria what do you think is the most important priority when it comes to tax reform . Congressman peter king said my most important issue is the elimination of the deduction on a persons mortgage. Is that something i can agree with in terms of taking away the deduction . Is that a no go in terms of deductions are were portrayed . My priority is to simplify the vast majority throughout the country who want to file complications. The second overall priority is to make sure we do everything we can to incentivize growth. Economic development has been a critical factor in my state and is not geared at the moment to encourage that. Maria that means the border adjustment text from your standpoint . Good to have you on the program this morning. Thanks so much. Joining us from alabama. Coming up, residents bracing for flash flooding. Isolated tornadoes. The weather has claimed the life of a 10yearold boy. Well tell you what happened there. U. S. A. Raising nearly 2 billion in an ipo. Wall streets secondlargest ipo of the year after snap. But it means for the cable industry and market coming out. Back in a moment. I love getting more for less. Thats why this control enthusiast rents from national. Where i can skip the counter. And choose any car in the aisle. On average, four out of every five rentals at national is a free upgrade. Getting a fullsize and paying for a midsize . Whoa, oh, whoa, whoa, lovin every minute of it. As the boys from loverboy so eloquently noted. Im lovin every minute of it. Go national. Go like a pro. Maria welcome back. Tropical storm cindy making landfall in louisiana possible for the death of an alabama boy. Cheryl casone with the details. Really in the season for this type of storm. The boy died yesterday after being struck by a log that washed ashore by the storm. National Weather Service phoenix could cause lifethreatening flash flooding across several states in the south. 50 Miles Per Hour dumping as much as nine inches of rain along the panhandle. Alabama and louisiana declared a state of emergency in a Tropical Storm warning in effect all the way to the alabama Florida Border as of last night. Another headline for you. Cable company ltc u. S. A. Delivering the biggest u. S. Telecom ipo in 17 years. Shares are priced at 30 apiece according to the journal which race 1. 9 billion overall. Stocks will begin trading today. The Company Valued at 20 billion. We should say they have slumped this year. At t down 10 yeartodate. Verizon down about 15 yeartodate. Expect to see new emu juice as unicode releases that the six new ranging from t. Rex, a mug as a people is ranging skin tends to bring the total to 239 variations over all. I like the quiet one. People say that all the time. They would not make the images available. We will be on your iphone yet. Dont send me the outline. The world has completely changed since the introduction of the iphone. In 2006 or 2007. Thats it. How fast times goes. Picking a replaceable object. Maria the story of the table today. Youve got the opportunity to get legislation done this year. Were you encouraged by what you heard . We talked about this before on your show that the senate has to deal with Health Reform and tax reform this year to get a fighting chance of getting it done. What it sounds like is the senate is prioritizing the tax reform they will take on in there at issues. They will have the care without water along with the health care water. Maria for sure. The tax deferred to help jinping one thing for the other. The coupling a little bit if they can get couple of. Thats why you sense from senator strange the idea we have to get this done as quickly as possible. They go home for august recess where they will be facing constituents to explain what theyve been doing, what theyve been up to and this will give them time to get organized. Maria the question i was asking yesterday is do you think voters will remember the obstructionist come 2018 when voters say they stopped the agenda that i wanted from getting executed. Im not voting. It depends. I think people are willing to give this administration and Republican Congress a little bit longer of a leash. We saw that reflected in the special election. We are not ready to issue after rendering just yet. We cant really predict what theyre going to do. If they return home with nothing and during the midterm that will make it a little more difficult. Maria a see about that. Next to the takeup market. The commodities leading to the lowest level in nearly a gear yesterday. The journal calling bear market territory down 20 . Well today at 233 . The impact on Broader Markets next. 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We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov [ intense music playing ] ] its here, but its going by fast. The opportunity of the year is back the mercedesbenz summer event. Get to your dealer today for incredible onceaseason offers, and start firing up those grilles. Lease the e300 for 569 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. Maria lets take a look at markets get another rest day for oil three consecutive sessions now down better than 20 this year. Joining us now is the chief strategist at belle plaine assetmanagement david nelson. Thank you for joining us. Your thoughts on what has happened with oil. We understand today this is a secular issue. Its not typical anymore. In the past heading south. Technology is just simply change them. Youre in the United States to think oil could fall and you have some companies out there able to be profitable as low as 30. Would you invest around this theme . Are not invested in the oil patch. They talk about value. I dont find value at 23 times earnings falling revenue earnings. Not my space. Everything else is doing well. Cheap oil is actually a good thing. Technology obviously is a place you have to be. Financial timmy is my biggest overweight. The reason is not only rising interest rates, but we dont need congress to have Financials Due out because a lot of what can happen, rolling back doddfrank is by executive order in the 30 have been. This success has been mentioned. No question about it. The appointments of the commissioner that came implement the policies. So lets talk supply and demand for a second. A lot of rhetoric has been in abundance, but its a really structural to your earlier point that we have lower demand. We are over the tipping point. The only difference between the left and the right is i dont think you have to subsidize it. Let the Market Forces play out in alternative energy will be very efficient. Supplies the biggest issue. Opec is a cartel like structure able to dictate. Thats effectively it. Even the saudis understand that. They are trying to rid themselves off oil into the future. In terms of political turmoil, how does that weigh into energy cost . Washington is toxic. It plays out on social media pages. People throwing political or hand grenades across the oil. And shooting your neighbors job at the 45. With their friends and neighbors. Last week was a promising point. We had a really tragic event and for the first time in a long time, both the left and the right come together and there is a spirit of bipartisanship. I thought nancy pelosi and paul ryan together. Here we are a few days later. That was then. How focused are you . People are not waiting for congress but when it comes to tax reform, lawmakers say what are you looking for and do you expect congress will act on this . I think it will act on it. Right now they are focused on a package. Theyve got to get that through. If theyll attack tax reform, that its going to take years. Start off with the Corporate Tax cut, repatriation with a partisan support. That helps fund the infrastructure donald trump was talking about. Also talking about Public Private partnerships. To me thats critical. You have to put that in the private sector if you want it to work. Maria is your bid on markets . Are they higher or lower . Generally on tv if its pointing out you say its going higher. Right now a lot of strategists by the end of the year. Markets seem pretty was alien. I think weve had a massive correction going on but its underneath the surface. Im still overweight air. We still have tech. David, great to see you. 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