Moderate, more liberal. I got news are in him, that may be Wishful Thinking when it comes to economics. Lower taxes, less regulation, those are principles he embraces as well. More later in the show. Protesters take to the streets in venezuela. Theyre furious, furious about the deepening economic crisis in the socialist country. I have told you so many times on this show. Socialism does not work, going to say it again, weve got the proof. Got the intel, stay tuned for that. Blatant media bias at the New York Times as the liberal paper tries to fool audience by showing a picture that makes it seem like fewer people from the new england patriot attended yesterdays visit to the white house compared to two years ago. The only problem is that is not true. Your favorite media critic and mine howie kurtz is here. Hes going to weigh in. To adam shapiro with more on a market that is soaring, this year, adam . Reporter we heard this from the speaker of the house but now from the man at the center of negotiations with congress, that could be secretary of the treasury Steve Mnuchin. Hes speaking right now, trish, you can see in the video speaking at the institute of international finance. One of three speakers, the other happens to be gary cohn as well as budget director mick mulvaney. Heres what markets like. Mr. Mnuchin is talking about not only tax reform by the end of the year but lowering the number of brackets from what we have now to possibly three, he said maybe four, looking like three. He also said would it be revenue neutral . Hes looking at ways this will pay for itself, hes it aing growth will help pay for this but using dynamic scoring in trying to figure out if things are within budget. Also, there will be some loss of the deductions that people count on but havent specified, which and finally saying they expect to see the plan very soon. We might see the first versions of this when the house ways and Means Committee starts holding hearings, theyre going to schedule that. We should get direction on that as soon as next week. But heres what mr. Mnuchin said that the markets are just loving. Just to be clear, we hope this wont take until the end of the year. Okay. Were very focused on it. Big priority for the president. Well get tax reform done. It will be sweeping. It will be significant, and it will create a lot of Economic Growth. Reporter and trish, to give you an idea how active things have been going on behind the scenes. The secretary of the treasury has been meeting with the chairman of the house ways and Means Committee on weekly basis and says everybody is on the same page. The objectives are simplify personal income taxes. Lower income taxes for the middle class and make business taxes competitive. Weve talked a lot about that on the Fox Business Network and everyone would welcome it. Trish this is something you can get both sides to agreement i really do think democrats and republicans can come together on the issue, certainly on the Corporate Tax front, certainly when it comes to all the money sitting overseas. 2 trillion. Reporter repatriation is a part of it. Absolutely. Trish thank you so much. Joining me for more analysis on all of it, we have bullseye brief founder adam johnson, fox news strategist steve cortes and Ford Oconnell and lori rothman. As soon as he talked about tax reform getting done before the end of the year, investors like it. Reporter surprise, surprise, the trump rally is back in play. I think the folks on wall street are excited about the fact that health care is also in play. You know, several months ago there was concern, this is largely why the markets started falling that health care was not going to get done, if you couldnt get health care done, you couldnt get tax reform done. It appears the two issues on trumps agenda may be mutually exclusive. A tremendous shot in the arm for investors on wall street. If you look at industries leading todays rally, you got industrials, materials and energy are up and financials. These are all industries that have greatly benefitted on anticipation that trumps Economic Growth plan will likely happen. It will before the end of the year, according to the treasury secretary. Trish not to throw cold water on, it in looking at all sides, ford, Steve Mnuchin was aggressive when he talked about august time field he told neil cavuto were going to get it done by august. And people in the white house were going, my gosh, really . Aug . The market liked that, its going to happen before the end of the year. Do we need to take what hes swaying a grain of salt . It has to get done. It is a political necessity for trump to put points on the board and to be perfectly honest with you, trish, only so many things can you do with executive orders to kickstart the economy. Tax reform is the only way to do it, and let me say this, not only the fate of his presidency depend whether or not he can do it by the end of the year but depends on republican control of congress as well. So what Steve Mnuchin did was lay down the gauntlet. Its the right message regardless whether or not were able to repeal obamacare. What i want to see is i want to see offsets to pay this off and make this permanent so we can generate longterm investment and not just have shortterm investment like the bush tax cuts. Trish adam johnson, youre looking at this not through a political lens but economic, market lens, you want to make money. You are not red, blue. You are green, safe to say on this network. Where are the opportunities here and why do you see this as good policy . So this is good policy but i want to be perfectly clear about something. The tax cuts were going to see, whatever this reform is going to be that in theory gets done by the end of the year is smaller than people think. As ford pointed out its got to be deficit neutral. In other words, if you lower tax brackets you have to offset that with fewer deductions, taxes are going down but other things hurt a little bit so were going to get a benefit. Trish what do you mean things are going to hurt a little bit . What is going to snurt. You might get fewer deductions, whether its the mortgage Interest Deduction on your home. Whether that is the ability. Trish i cant imagine they would take away that, adam. It is sacrosanct up to a point. There is a 1. 1 million cap. What if they lower it to 950. Might be an issue for toll brothers. Might not have state and local taxes to the same extent you can now. That is sublicity in the system. Theyre going to make the changes in the margin so its deficit neutral. Dont expect its the greatest thing weve seen. Trish with that in mind, one of their hopes, steve cortes, is they might get border adjustment tax that would be a big tariff on everybody importing goods. The thinking being it will regulate our economy that were going to create more jobs domestically in the manufacturing sector. The retailers that are skating on thin ice, its going to massacre that industry. So as adam says, youre going to give up something, youre going to get a little. How are you looking at this picture . Are they ever going to get this through . If they want deficit neutral, i dont know, youre going to wind up maybe with Something Like this, this border tax thats going to wind up causing more damage than good . And trish, tell you, this my advice to friends in the white house is forget about deficit neutral. Do it the right way, worrying about growing the economy and the deficit will take care of itself. Thats hard to do, unless we get health care done first. And health care is starting to percolate again. Lot of stories that the Freedom Caucus and the tuesday group, the republican moderates have been negotiating, we might be close. If we get health care done, pull that rabbit out of a hat, much easier to do aggressive tax cuts. Whats that we need to do. President trump was elected, i think primarily for this purpose, to get the economy growing. Trish im with you on that. I was thinking to myself, its funny, here i am talking to you and to adam, couple folks ive known for a lot of years. Usually over the past, we were talking about the Federal Reserve and the fact that washington couldnt get a darn thing done and so the fed was stuck having to be overly aggressive. Perhaps this is good, that at least its a different narrative. The fed was having to do the work that congress wasnt able to do, and congress wasnt doing the work because it was shutting down president obama. No leadership at the white house, now we have leadership at white house, also a gop congress, have you different arms of the government working together taking the pressure off the fed. This is good, were going to get change that moves us forward and going to get tax cuts. Trish i want to get sector specific, steel stocks are surging right now. Take a look at some of them, after President Trump announced he is ramps up America First trade policy, cracking down on steel imports, the president conducting investigation whether cheap steel coming into the u. S. Should be blocked for National Security reasons. Here he is, you see him in a meeting with industry executives, stressing the importance of producing steel here in the u. S. Lets listen to him. Maintaining production of American Steel is extremely important to our National Security and our Defense Industrial base. Steel is critical to both our economy and our military. This is not an area where we can afford to become dependent on foreign countries. Trish lori rothman, adam johnson, steve cortes and Ford Oconnell. Wilbur ross made his money on u. S. Steel. This is, as we understand it, a policy thats being generated out of his office at commerce department. What is it going to mean for everyday americans, in your view . Well, donald trump made the promise on the campaign trail he was going to protect the American Worker and boost jobs. Understand something, we import 22. 6 Million Metric Tons of steel, a lot coming from canada, brazil and south korea. And what were finding is what china is doing on the open market in terms of dumping, not making our steel excesstive on the world market, and remember, donald trump was put in by a lot of states in the industrial midwest that are keen on steel like pennsylvania, ohio, michigan and indiana, and hes got come through on this like he did on the h1b visas. Hes going to order a review and think he can find the right mix of sticks and carrots and pull the right levers to be competitive on the world market, not so dependent on the foreign steel. Trish lor prices go up, is that good for steelworkers . Reporter good for any workers. Trump has proven time and time again, he has best interest at heart. Very interesting, i mentioned the trump rally back in play with the economic agendas on the table. Theyre not pushed off. Thats the hope on wall street. Thats the buzz. Steelworkers in particular should benefit in any Ripple Effect because the policies gain traction. Trish adam, he went on the campaign trail, promised hed be working hard for the American Worker. We talked about the disparity between capital and labor. Capital is almost disproportionately rewarded in a Global Economy these days, while labor is disproportionately penalized. In other words, its harder for labor to get a leg up when somebody else is out there willing to do the same job cheaper in some other part of the country. A similar story playing out in the steel industry. You remember the book rising sun written by Michael Crichton talking about the advantage the japanese corporations have, they form the clubs called koretsu, mitsubishi steel will have a special loan deal from mitsubishi bank, right . Trish right. Its not just a function of cheaper labor practices, its a function of Companies Looking out for each other. You can understand how the Company Japan got the name japan, inc. What donald trump is trying to do is level the playing field, to the get rid of the japanese koretsu, steel dynamics, akf steel, they can compete. Trish they are going to play that. We ought to be looking out for our interests as well. Lori, adam, steve, ford. Good to see all of you. Thank you so much. Big day. Shocking display of media bias from the New York Times today. Take a look at this tweet. Their sports desk sent out. Two pictures of the new england patriot, visiting the white house, one is from 2015 when president obama was in office, and one is from just yesterday, and the word patriots turnout for president obama in 2015 versus patriots turnout for President Trump today are displayed there in the tweet. The intent, obviously, to imply that players somehow boycotted the meeting with President Trump. But you know what . You know what theyre not telling you and were going to make sure that you know, is that the people standing on the stairs with obama, those folks were sitting on the south lawn this time around. They were there. They werent standing in the picture. They were seated in the chairs. Thats what the New York Times doesnt want to tell you. The new England Patriots and President Trump calling the times out for this incredible bias. We have all the intel. Howie kurtz joins me next. You always pay your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Trish all right, were looking at real upside, up about 200 right now. Amid renewed hopes for tax and Health Care Reform. The markets counting on this, its the reason weve seen such upside since donald trump was elected president. And investors want it to happen. Steve mnuchin treasury secretary expects it will be done before the end of the year, so investors are taking heart. You got materials, financials, industrials all up. Heres the financial board for you. You can seeing led higher by wells fargo. Up better than 2 . President trump accusing the New York Times of spreading fake news. The president out tweeting and i quote, failing New York Times calling me wrong for two years just got caught in a big lie concerning new England Patriots visit to white house. Hes talking about this misleading image shared by the New York Times, showing a sidebyside picture of the patriots visit to the Obama White House in 2015, compared to yesterdays visit with President Trump, and they are trying to imply, well more than trying, they came out and said it basically that this is what president obama had in terms of the patriots and this is what President Trump had. Theyre saying okay, much smaller crowd effectively. You know heres where it gets interesting, guys, the patriots saw the story and corrected the New York Times on twitter saying, quote, these photos lack facts in 2014 over 40 football staff were on the stairs. In 2017, they were seated on the south lawn. In other words, they were still there, they just werent in the picture. Talking about media bias here. Joining me mediabuzz host howie kurtz. Always good to see you. I was telling you during the commercial break, i like to think the New York Times is trying to do job with integrity here, this is just an example, if you ask me, and i want your thoughts on, it proves a bias here. Im throwing the penalty flag 15 yard penalty, and its a rare synergy of antitrump and antipatriots bias. It is true fewer patriots players showed up from two years ago. Surprised tom brady didnt show up. I was surprised, too. Probably polishing a helmet or something. When you look at the total number of people, its about the same, as you pointed out they were positioned differently, werent in the shot. They were in the seats instead of the stairs. This is from the Sports Department at that. The Sports Department which shouldnt have bias in all this other than maybeyou know, what they think of the patriots and yet theyre out there trying to effectively say they dont like it. I will say this of the New York Times, the Times Sports Editor gave a statement to yahoo news, hes not named here. Bad tweet by me, terrible tweet, i wish i could say its complicated. No, its straightforward, im an idiot it was my idea. My execution, my blunder. Thats what you call the full mea culpa, i screwed up. Trish im an idiot. Wow, he came out and said it. Ive always said, the American Public are willing to forgive and forget sometimes and youre better off owning up to it, but it does tell you something, it tells you about the mindset of media in this country and where theyre at and how theyre looking. Any chance they can get, howie, to poke at him and this was yet again another example of it.