Need to know ahead of those numbers. We are coming off of another record close for the dow industrials, 24th alltime high this year. Futures indicating a bit of a pullback this morning, fractional move coming off the high. Dow industrials set to open up ten points and whether or not that changes things. The european markets are mixed, european indices as you see there, majors are flat. In asia overnight gains across the board to report, fractional moves, nonetheless but in the plus column. Planet of the apes swinging back into theaters full Box Office Preview later this hour. Joining me to talk about it Dagen Mcdowell, kings View Asset Management scott martin is here and research chief, Research Officer. Good see you. Dagen great to see you, coming up we were at the Berkeley Center for the third stop at the Connor McgregorFloyd Mayweather. You interviewed him. Dagen youve gotten paid, not so much. We have a very heated debate about who can win fight. I will put money down on the fact that it will be a pay per view record. I agree with that. Quite animated. They were very excited. Dagen youve never seen trashtalking like that. It hit a new low. Maria i want to hear all about it. Special report from dagen. Coming up this morning americans for tax reform. Arkansas congressman is here, counsel to the president , trump, Kellyanne Conway and former nfl star jack brewer. President trump is departing from paris for washington right now at this hour after celebrating bastille day. When he returns to the nations Capitol Health care reform. Senate republicans unveiled a reworked version of the bill to repeal and replace obamacare yesterday. I aims to win conservative support by letting insurers offer a lower cost plans while offering moderates billions to combat opioid abuse and help consumers with skyrocketing costs. Meet offing the minds here. President trump tweeting about the effort, republican senators are working hard to get their failed obamacare replacement approved. It will be at my desk pen and hand waiting to sign that legislation adding on the pressure, the president tweeted this, so important representative senators under leadership of the Senate Leader mcconnell. Get health care approved after seven years of obamacare disaster. Must happen. After all of the years of suffering on obamacare, republicans must come through. A president talking a lot about the Health Care Bill this morning but the effort is facing additional head nguyens, so far two senators, yesterday we heard from Kentucky Rand Paul and maine Susan Collins said they are a no on the updated bill. Joining us to weigh in House Freedom caucus member florida congressman ron disantos. Is this going to be enough . Maria, you have some u. S. Senator who is ran for years and years on repealing and replacing obamacare, they were helped by contributions from grassroots conservatives all across the country because they were told if you just give us the senate and the white house, we will be able to make this a reality and so its frustrate to go see people who have run on that who have voted to fully repeal this not even be willing to do this is not a full reveal. Its a compromise bill, to say it goes too far, your rhetoric for years and years all those votes you never meant and that is what really get Republican Voters back home upset when you have the rhetoric back home and you come to washington and do something totally different. They have got to get it done otherwise its going to be a huge disappointment for all the people that sent them there. Maria do you know if there are other nos at this point, have you heard more pushback. We know that the republicans cannot afford any more nos since Susan Collins and rand paul have publicly said they are not buying into this. What im hearing is is that nobody else is not gettable. I dont know that theyre there yet. Theres definitely a path to do that and they are trying to work on the details and they made good changes adopting the cruz, freedom agreement, key to unlocking reductions in premiums because at tend of the day, theres a lot of move lg parts of obama care, taxes, medicaid, you to lower the premiums, that has been the hammer to the middleclass families across america and so i think that its a compromise package. I think theres probably something in it for everyone so i do think they have a path to 50. Dagen congressman, its Dagen Mcdowell, but you have republican senators standing by Obamacare Tax increases. 0. 9 payroll tax and they stay in, they will continue to exist and so how do republicans step up and say, we stand for democratic tax increases . Well, we shouldnt say that. Dagen thats exactly whats going on. Maria yesterday right here. I want to repeal all of obamacare. Thats what we promised and thats what we should do. I look around my chamber and the senate and unfortunately even though everybody who is a republican ran on the same things i did, not all of them are willing to do that, youre in a situation, can you roll back significant portions of obamacare but, yeah, those tax incra eses that theyre not going to roll back, it seems thats whats going to happen in the senate bill that will cost jobs. The Tax Foundation say you roll back the investment tax, 100,000 jobs. When you tax it more you get less of it. Its just bad economics. Congressman, you mentioned this this isnt a full repeal. Half baking it and isnt better to move something thats a full repeal. I know thats going to upset one donald trump but isnt that the better solution longer term for the American People. The president has endorsed this as well, neuter obamacare, defund it and repeal all of the taxes and you have have that take effect a year, year and a half down the road so you time to legislate a replacement and that may have been what we should have done in the beginning. To me we have gone down the road enough. We have to see if we can get over the finish line. If not, we should go back to 2016 bill, everyone on record is supporting that, doing it and you have a window where youre able to legislate. I dont think youll get a lot of help from democrats on replacement but if youve already signed repeal into law, then at least they would have incenti have to want to have some sense of this in the senate particularly some of those democrats and republican states. Congress, im a Small Business owner and youre talking about this time frame, you know, maybe a year, year and a half. I got a letter from my Insurance Company that said my premiums are going to go up 38 including my employees, what do you tell Small Business owners who are waiting here. A year and a half is not doable as a Business Owner and if youre going to sit there and go back to original obamacare, what do you tell Small Business owners . In terms of burdens of Small Business, you repeal that immediately. I was saying about replacements, some of the things that have been talked about, give Congress Time to legislate if you did repeal first and replace later, but i want to do all of this immediately. I dont think realistically anything thats done now will affect the 2018 rates because the policies are being formulated. It is important to get this in place so that for 2019 rate that is are going to come out in fall 2018 that people start to see differences and see more options and more affordability and so i think thats very important and i dont think that theres a lot of time to waste in that respect. I would have liked to have done this in january, that would have been the easiest way to do it. Thats what we promised. Maria what do you think about rand pauls argument, look, the republicans are going to go down with the spiraling down of obamacare because this is not a full repeal. I recognize this is a lot to completely repeal it and then come out with a replacement later, the transition period is going to be tough and expensive but, i mean, you did promise a full repeal, what about rand paul ideas dont jump on a falling ship. Well, look, i will support a full repeal. Thats the number one thing we promised. I think thats the easiest thing to do. I just know, maria, from having talk today colleagues and you talk today members of congress as well, you have some members who just will not support that right now and so i can sit there and say thats the only thingly vote for. The problem is if i cant get 218 votes for that, if they cant get the 50 votes in the senate for that and maybe there comes a time where we will be able to do that because the current product doesnt succeed in getting the votes, i dont know, but i can tell you having gone through this debate when we did it in the spring, i was in conference meetings, we have republican members who get up and just say i want to repeal obamacare but i dont want to repeal this part or the other part. When you start going that way, you dont want to repeal it at all. Yes, the clean repeal would have been the preferable route and i would absolutely support that if that was put in front of us today. Maria let me switch gears to the reaction overnight and thats the president travel ban, a federal judge in hawaii ruling that grandparents and other relatives should be exempt from the ban which bars people from six muslim countries from coming into the u. S. More specifically this decision means that grandparents, grandchildren, brothersinlaw, sistersinlaw, aunts, nieces and cousins of those people in the u. S. Now count as sufficiently Close Relationships do gain entry into the country, do you agree with this, what do you make of the ruling in. Thats an obama appointed judge. I think that this bonafide relationship that tomas, alito pointed out, its going to be difficult to administer, they were right about that. I think this Supreme Court gave this window for a liberal judges like to guy in hawaii to drive a truck through and the bottom line is hes not doing the law, hes basically doing politics. He feels that cousins and second guesses and inlaws should be allowed to come in even though the president s order says no and to me its a policy issue thats important and even more important who should be making the decisions, do we want the commander in chief with authority of congress, political branches who are accountable to the American People or do we want some unelected judge making determinations without any basis in law. Hes asserting that this is the case. I think it was a bad decision. I think it may end up getting revisited in the meantime by the Supreme Court or certainly higher courts but ultimately, what the hawaii judge did will not be upheld by the u. S. Supreme court. Maria congressman, real quick on taxes, are versions happening right now in terms of tax reform, are you looking forward. Is there going to be as much debate on tax package as there have been on health care. The goal is to get on the same page, border adjustment tax, those seem to be we will move beyond things like that and hopefully have a consensus of principle, lets start legislating this very soon and i want to be debating and voting on this when we get back in september. Maria all right, we will be watching. Congressman, good to see you. Thank you. Maria coming up, flooding in wisconsin to tell you about. Details on Recovery Efforts after a governor declares state of emergency there. We are watching banks this morning. They are coming out with secondquarter earnings, citigroup, jpmorgan among institutions reporting before the opening bell. We will have the numbers, tell you what they say as soon as they hit the tape. The preview coming up. Think again. This is the new new york. 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 at the lexus golden opportunity sales event before it ends. Choose from the is turbo, es 350 or nx turbo for 299 a month for 36 months if you lease now. Experience amazing at your lexus dealer. Maria welcome back, breaking news out of jerusalem this morning. Cheryl casone with the story. Cheryl this happened within the last hour, maria. Two Police Officers are dead after a shootout with three gunmen at one of jerusalem holiest sites. The gunmen also dead another person is hurt, we are learning the shootout happened at temple mount, remember President Trump and melania were there just a few weeks ago. Well incident well, back here at home scott walker declared state of emergency for three counties and activated the National Guard after widespread flooding there. We want to bring you the video from ohio, a driver being rescued from a car stranded in flood waters. Look at this incredible. The National Weather has extended Flood Warning until later this morning in several parts of ohio. In earnings news, season is kicking off today with several big u. S. Banks that report this morning. You have Jpmorgan Chase, citigroup, wells fargo all to release quarterly results. Jpmorgan expected to post higher earnings but analysts expecting eastern to go come lower. We will have, of course, maria, as soon as they are released, trading revenue, big question back to you. Maria of course, we are also watching what happens next, scott, in terms of the Bank Earnings, theyve gotten the goahead to ramp up the dividends. You saw really good stress results weeks ago. Whats interesting to me, maria, the Interest Rate curve, the Interest Rate curve with the fed hiking has flattened, remember the heart of the bank earning situation, borrowing short from the fed, lending long to us the consumers. They make the spread. The fed is hiking the shortend and that spread is narrowing therefore putting pressure on Bank Earnings. Maria are you worried about this quarter . I am concerned about because there hasnt been the favorable move in Interest Rates but theres a chance with some confidence back in the economy, we have seen Business Confidence numbers and Consumer Confidence and hitha knows that, our banks are willing to lend. Maria what do you think . To your point, yes, youre totally right. The margins are 60yore low 60year low. Thats right. The other thing the market by in large has been favorable to the financials in i will say 30 to 45 days. This is was a techled rally for many months of the year and you start seeing tech fade and banks stepped up in the forefront to pick up slack. This can be a preview of coming attractions of what could be a good second half for the banks. Dagen watch the trading revenue. The cfo of Jpmorgan Chase said that trading revenue fallen 15 this as of late may and invests or want some sort of guidance not only if Second Quarter but quarters to come. We should point out at least in jpmorgan, estimates have been all over the place. They were at a high i think a buck 66 a share and they have come down, maybe because they have come down, getting closer to earning state, i guess any potential bad news would be priced in at this point. Maria Trading Volume, volatility has been no where, right, thats certainly something that the banks would have liked to see in the last quarter but its been really quiet. How many ipos theres been this year . So far its been maria President Trump attending bastille parade in paris before attacking health care and taxes. Take a look at agenda straight ahead. One Media Company reporting what reporters can say on twitter. The controversial new policy. Stay with us. At fidelity, trades are now just 4. 95. 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