Will focus on the middle class of lowering taxes. The Federal Reserve in focus today not expected to change policy when they made the announcement later today. The president may consider a change at the top. The featured the side of the fed feds plans in terms of Interest Rates. Wouldve pushed the the increase to december today . We are watching. We are hearing from dow components boeing and cocacola that may very well set the tone. Ford and facebook after the close. Future should the markets will open higher. Once again lucky not to market go up after the s p 500 announced that posted new record highs yesterday. We look to extend not this morning. Gains across the board. Take a look. The cab arrived in paris of 1 . Asia overnight, mix performances. Take a look. For most of the major averages, were out. Apple i and an expansion in the u. S. Thats a President Trump says. With a build phones here . Uber narrows it ceo. We will tell you. All the stories coming out. Fox Business Network statement doll, Market Strategies kevin kelly and Fox News ContributorRachel Campos duffy. Good morning. Dagen where do we begin . Its earnings season in washington. Maria went to jamaica what took place yesterday . Im going to be really harsh on Susan Collins and Lisa Murkowski because again, they did not vote to even move this health care the senate to a debate. Essentially forcing a man with brain cancer to fly across the country to cast a vote to make sure that the senators step up to debate it. I just feel like they ought to go home and look at themselves in the mirror and ask themselves. Maria he took an rv. He had to travel instead of taking a flight. Dagen had to travel across the country. Is a hero, an american hero. Maria that was an emotional moment yesterday when he said thats come together. His message was on point. He was talking about how the current plan they are trying to pass isnt doable. Expanded obamacare. Maria the Federal Reserve coming out today watch by markets. During the conversation, independent counsel robert ray theatre. Mike rounds is here. Bob shanks as a dozen Republican NationalCommittee Chair bobby mcdaniel. Plus former chief of staff under bill clinton and mclarty max mclarty is here. We take it off now with obamacare. The senate cleared its first hurdle yesterday coming narrowly voted to debate on republican plans to repeal and replace the 2010 mom with Vice President mike pence breaking a 50 50 tie. Hours later the senate rejected its first proposal. A revised version of the gop plan including amendments from ted cruz and ohio senator rob portman. By a vote of 5743 with nine republicans defect to. Reporters outside the chamber, Mitch Mcconnell acknowledged the difficulties in the difficult road ahead. We are not out here to spike the football. This is a long way. But well finish at the end of the week. Hopefully with the measure making good of the house to be taken up or go to conference. Maria nonetheless, the president hailed the opening victory while slamming democrats. We passed it without one democrat vote and its a shame, but that is the way it is. Its very unfortunate. I want to congratulate American People because we are going to give you Great Health Care and we are going to get rid of obamacare, which shouldve been frankly terminated long ago. Its been a disaster for the American People. We are now one step closer to liberating our citizens from this obamacare nightmare. In delivering Great Health Care for the American People. We are going to do that, too. Maria the senate to vote on a repeal bill, Dagen Mcdowell as they call it the skinny repeal bill. Do you think its clear at its clear at either of these will pass . Where are you in terms of the timeline . Dagen disc in a veil, at least taking a stab at putting something in place in terms of Health Care Reform. The skinny bill would repeal the individual and employer mandates and medical devices. Thats pretty much it. At least it would give something to send a conference at the house of representatives. It is unclear that that 4357 to find repeal and replace with only 43 from republicans that they are not on board. The ted cruz amendment, which so many people in the house liked, which is really unfortunate. But it was a central project. There was no room for new innovation competition coming genuine market forces. Taxes on the middle class black impacts on investment. If youre a couple making more than 250,000 federal taxes on investment income. Do it as an investment. It was a garbage plan to begin with that no one could get behind. The president s agenda is it for entitlement expansion. Its for entitlement reform. Whatever republicans got behind to put this bill together. Trade train to all this has such implications. What does that mean for ted cruz yes . He was a guest because he got his amendment in. Does that completely changed in fact he will vote on the bill with the amendment in that . It very well could did this thing is so complicated. Theres so much talk about republicans are doing wrong. I agree it bad they cant come together on this. Not one vote for a democrat. Not one. This obamacare disaster is on their last end they can do nothing to help fix it. They want obamacare and republicans to have egg on their face. If they force a republican hand, they have to keep a lot of what obamacare has in place. Dagen they know politically the republicans on this because of their own failure and ability to coalesce around something to fix obamacare. Democrat no regardless of the messaging from republicans, regardless of the messaging from the president , republicans are going to own this. My husband is a member of congress has behind closed doors democrats are begging for republicans to take over health care because the democrats know. Frankly the cbo has even said its lowered wages and reduced our workforce participation. Its completely damaging. If the president does want the economy to get started, you can take the shape of obamacare. Dagen i heard one of the democratic senator assembly from the state of hawaii talking about the demographics of the singlepayer option. That was designed to go in that direction. Dagen think Everybody Needs to step back and say america was giving government more control over my health care because the more control you give lawmakers and bureaucrats, they will ultimately be making decisions about what kind of health care you get what you dont get. Maria can we actually move on the tax reform without having some finality in health care . I recognize thats what the white house is saying. The next big agenda item for the president is overhauling the tax code. He said to a crowd in ohio last night about his plans for that. My administration is working every single day to heat and honor the will of the voters. That includes working on one of the biggest tax cut in American History and actually if i get what i want, it will be the single biggest tax cut in American History. Meanwhile, the president emphasizes his tax plan would cut the corporate rate to 15 and give middleclass americans a big tax break. The president saying the people i care most about are the middle income people in the country who have gotten screwed and if theres authorization, it will be on high income people. Kevin kelly, thoughts about that. We havent heard that tone if theres higher taxes or any pressure, its going to be high income. That completely makes sense because theres so many loopholes that the high income people have taken advantage of that. It is nowhere near what the federal mandate. You advocate raising taxes . No, absolutely not. I am asking for clear and concise tax code that gets rid of specialinterest loopholes people are able to take advantage of. The wealthy people can take advantage instead of the pork barrel they put it through. Middle income people cannot do that. Transfer that is not true, kevin. Half of americans pay no federal net income tax. Maria what are the numbers . Dagen middleincome americans pay no. Half of the country doesnt pay anything into the federal coffers. The president quotes in the journal says i wealthy friends who say to me i dont mind paying more tax. Well, because they are liberal and super wealthy. You can ask them to do and they would never do it. This highlights how convoluted our tax code is. Its 775 pages over that. Trade do and they want to simplify. They wanted on a postcard. I could get behind that. Dagen its not clear what the middleclass tax break because the white house has said there is little about the personal exemption. They promised at one point or another to repeal the estate tax which would benefit wealthier americans. Steve dan and steve bannon floated that idea a couple weeks ago saying i could see the highest tax bracket having a foreign front of them. Heres the issue. The problem is they would be 40 or higher. It goes back to what you said. Can you get this without help care . My understanding is this is all sequential. To truly reform taxes, they have to first get through obamacare. They shouldve started with a tax cut. He gets into office and coalesces. Heres a twoyear tax code. We know the 15 business tax cut. Rising Health Care Costs are on the employers. You might get a 15 on pass screws, but not a 15 corporate rate overall. They are hoping hoping for low 20s. Is hoping to reprint the Federal Reserve chair janet yellen 32nd term, so we also said White House Economic Council gary code as fed officials will leave rates unchanged when the fed announces its decision later today. Bair concluded a twoday meeting today. I dont know which is as felt that. He has a job right now. Should we be talking about him in another job . Im surprised the president through that name. Dagen gary code was in the room among other advisers and asked if he was a candidate to become the next fed chair. Mr. Trump says he doesnt know this, but yes he has. Thats the way went down in the interview. Maria weve got breaking news. Well take a break. And then arrested after yelling allahu akbar after attacking a Police Officer in spain. The moments captured on video before he was taken into custody. We will have that next. The moment, whatever it takes, wherever i have to go. Im beating this. My main focus was to find a team of doctors that Work Together. When a patient comes to ctca, theyre meeting a team of physicians that specialize in the management of cancer. Breast Cancer Treatment is continuing to evolve. And i would say that ctca is definitely on the cusp of those changes. Patients can be overwhelmed. We really focus on taking the time with each individual patient so they can choose the treatment appropriate for them. The care that ctca brings is the kind of care ive wanted for my patients. Being able to spend time with them, have a whole team to look after them is fantastic. I empower women with choices. Its not just picking a surgeon. Its picking the care team, and feeling secure where you are. Surround yourself with the team of Breast Cancer experts at Cancer Treatment centers of america. Visit cancercenter. Com breast Appointments Available now. Maria a knife wielding man shot in oulu op par arrested for attacking police in spain. Cheryl casone with the detail now. Good morning to you. An incredible moment to show you here. Arrested after attacking a spanish Police Officer near the moroccan border according to authorities. The apparent terror attack took place around 7 30 a. M. Local time. Pulled out a knife, shouted the arabic phrase for god is great. He then shot the officer in the finger. They were able to restrain the attacker after throwing a traffic barrier at him. Hes now been questioned by police. Incredible images. There are some changes coming to gruber. The ridesharing giant now because they know they have a ceo job opening. Hewlettpackard enterprise rob wittman has reportedly been meeting with members of the Leadership Team allegedly part of six people consider for the job right now which goober hopes to fill the job by the month is over. By the way, on the board, Travis Kalanick part of it. The company is giving an update on policy for items left in cars and boxes in chicago. They should not charge a 15 fee when they successfully returned a lost item to you. Uber will accept the policy if it works out of course. A big week for earnings. Towing, cocacola reporting before the bell. Revenue estimates 37. 1 billion. Earnings per share estimate 43 cents. We look at those numbers. Facebook that report after the bell today. The estimate of 1. 12 revenue estimate then played 2 billion. Shares of facebook in the premarket at a fraction. 16560. Earnings have been pretty good so far. That is because Global Growth is improving down 6 and the beginning of the gear. We saw that play through on caterpillar earnings yesterday. This isnt because it was strong. Its actually been weak for low 2 . The problem we are going to be facing is how long can the weak dollar support multinational fundamentals that we will see that in the guidance Going Forward from a lot of companies. We were saying yesterday that the dollars for overseas because the year has been strong. Its not necessarily the dollar weakening with the new change in economic seer but a result of the strengthening of the euro. The 15 month high has done exceptionally well. The central banking policies over there and that is why surprising, showing in their economy over there. We did find out the Consumer Confidence increased in the month of july triggered by a rise in the sub index which is at a 16 year high. Despite all the venture out and make it a taxi might hear on another network, people still took really good about the economy. Thats a note to this woman who helped me in yesterday trained to talk about the economy falling apart because of trump. Maria it is true. Really good point. Good iphone soon be made in america . President trump since apple plans on moving manufacturing to the United States. Responding. The British Royal family is hiring. The job Prince William and the duchess of cambridge posted on linked in. These days families want to be connected 24 7. Thats why at comcast were continuing to make our services more reliable than ever. Like technology that can update itself. An advanced fibernetwork infrustructure. New, more Reliable Equipment for your home. And a new culture built around customer service. It all adds up to our most Reliable Network ever. One that keeps you connected to what matters most. Maria President Trump time the wall street journal that apple is eyeing a major u. S. Expansion. Tracey carrasco with the story. President trump said with the wall street journal that apple ceo tim cook has promised rebate manufacturing plants within the u. S. A surprising statement would help fulfill his administrations economic goal of providing manufacturing in a 45 minute interview, the president said they would see three big plans, beautiful plants and also quote, must you Start Building plants in this country come i will consider my administration and economic success. The president didnt elaborate on where the plants would be located or when they would be dealt, but cook called him and said to company was moving forward. Apple didnt comment on the president s remarks, but apple would be launching a 1 billion spent advanced manufacturing in the u. S. Apple faced criticism last year on the campaign trail for the outsourcing of its production of iphones and other devices to fact reason china. Maria this to be a really big deal because of everything in china. We dont know specifics. Reporter no specifics yet. Apple not commenting. If they bring this to the u. S. In terms of money, that could be 2 billion in cash. Its hard to see how they could make three big plans given the fact they rely on three key suppliers. Fox company is big and theyre looking wisconsin. These are actually de facto apple warehouse is probably otherwise tim cook has to go find three warehouses and Start Building stuff. That is not apples job. Maria im going to give your great tax rate to bring the money back, then maybe you will reciprocate in terms of creating manufacturing here. I know 2 trillion, but the president says 5 trillion is overseas. I dont know, somewhere between two to 5 trillion for a lot of money overseas could come back. At not all coming back because they need the capital over there to deploy as well. It is not all going to come back. People cant have grandiose ambitions that it will come over. Half came over under george bush. It has to be beautiful. Maria tracey carrasco. President trump israel and against senator Jeff Sessions. Breaking down the latest comment the commanderinchief made next. Could the Property Brothers find a new home . Viacom bids against discover communications for scripps networks. What it could mean for the tv industry. Next. Back in a moment. The smart if only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where s