Need a clear lawyer, only those schooled in legal work and exclusively that with some background in government work for that job, but not a politician. This is not a point echoed by republicans but comes on the same day weve gotten new revelations where the president is referring to james comey whom he fired as a nut job and said that the firing he was passing along to russians visiting the white house relieved some pressure. Everybody is jumping all over that. If it was supposed to dissuade buyers at wall and broad, barely moved the markets at all. Up today as they were yesterday after that big selloff on wednesday. But there are a lot of cross currents in effect. But its not stopping a busy agenda that is being assembled by the president and his team. Even as the president embarks on his first foreign trip. The republican busy bees still putting together a lot to keep that agenda front and center despite all of this noise. Blake burman at the white house with more. Hey, blake. Hi, neil. A treasury official said theyre still optimistic that they will get tax reform done at some point this year. That kind of echos what weve been hearing from top leaders that are closest to trying to get that done. For example, Steve Mnuchin said yesterday that they feel that there is confidence that they can get it done this year. Paul ryan said theyre making progress. Kevin brady on your show saying his Committee Work continues to forge ahead. So that line continues to stay consistent. However, neil, as weve talked about for days here, theres the steady drift of negative headlines. Many have to worry if that will stymie tax reform and the other big ticket items. In the last hour, two more stories have dropped minutes of air force one going airborne. One of them comes from the washington post, which says that Law Enforcement looking into the investigation as to whether or not there was any coordination between the Trump Campaign and russia has identified a current Unnamed White House official as a significant person of interest in that investigation. The White House Press secretary aboard air force one, sean spicer, has pull out the following statement. He said as the president has stated before, a thorough investigation will confirm there was no collusion between the campaign and any foreign entity. Neil, as you just referred to, another story out from the New York Times that said when there was this meeting between President Trump at the Oval Office Last week and top russian diplomats, he referred to james comey as crazy, a real nut job. Telling them i faced great pressure because of russia. Thats taken off. In a separate statement, neil spicer didnt denies those events and said that classified leaks is the story. Neil . Neil i cant keep up. Blake burman with the latest from the white house. The president on the foreign trip. Theyre doing the details now on a new budget that will call for balancing all of that in ten years. Tracy has been looking into some of those potential details what have you found out . President trumps longawaited budget set to be revealed next tuesday. We got our first glimpse of the budget being printed today. The cover reads a foundation for a new american greatness. The president is proposing deep cuts to some social programs. The first one is including a 9. 2 billion cut to the department of education, which comes from eliminating 22 programs like afterschool programs that serve 1. 6 million children. 200 middle will be cut from the wic program for low and pregnant women and Breast Feeding women and women and infants under the age of 5. It calls for a 17. 9 decrease nor the department of health and human services. President trumps Budget Proposal will include a new benefit for americas working parents. Paid family leave. His daughter, ivanka trump, is said to be the driving force behind this proposal. The president will seek funds for the creation of a program to grandmothers and fathers, six weeks of paid leave after the birth or adoption of a child. The president is expected to cost 25 billion over ten years. Neil . All right. Thank you very much. All right. So how is this all sorting out right now . Youve seen this famous Time Magazine cover, which is beyond the pale, painting russian influence that we already have a white house that has moved to moscow, by the looks of it here. Imagine, already prejudging that. Makes you think without the investigations beginning in ernest,er with are we going with this . We have a lot going on here with kristen short, Vice President of media. So peter, on this, where this is going, i guess Time Magazine is decided, others in the media have decided theyre there already and the markets continue to advance at their own peril. Time after time for the last year, its been smart to be brave. Basically weve really developed an inertia that is independent of what is going on in washington. Whether its brexit it is or the trump election or some of the things away from our borders like south korea, it doesnt seem to matter. Christine, im wondering how far this goes here. With the drip drip of revelations and New York Times, washington post, the latest in which the president was referring to this is just a couple weeks ago, less than that, referring to comey as a real nut job and that the firing relieved some pressure, but this is how were getting our news on this. The markets seem to be sustaining that and taking it all in. Not really getting too worried what does that tell you . Investors are doing exactly what theyre supposed to be doing, which is focus on the fundamentals. We know theyre very strong. U. S. Corporations are doing well. You know, this is the first quarter. Well have to see what happens at the second half of the year. I dont like to get bogged down in a lot of news and scandal. Things havent been verified yet. Investors have to stay the course for the time being and focus on the strong metrix that were seeing in Economic Indicators and fundamentals. As we have spoken before, the longer the scandals bog us down and take us further away from healthcare reform and tax reform, thats what im worried about. I dont think investors will stick around to see that dwindle and move over into 2018. Corporations as well, a lot of their guidance that they have been given is based on getting tax reform. Neil you just read my mind. Alan, if they dont, does this rally need that or is it to christines point, its been buoyed by the better than expected earnings. Walmart came back from the lost of two days ago. What is driving this . Does anything risk it in your eyes . I agree with the commentator theres. Its price, not politics. Trump didnt make the market. He wont break it. Corporations are doing extremely well. Like we talked about. That unwinded an unkind unwind. It was much needed. We went straight up for week after week after week. You saw profit taking. What is most important, not how the markets acts but how they react. We have gotten back the losses and things are stable. We put it behind us. Now earning season is essentially over. Well focus on the next catalyst. Ive said it, crude oil. Getting back above 50 is significant. The Energy Stocks can participate and that floats all boats. Neil we talked about the volatility seems to be back to tame again. Lets play this out if this is a summer of leaks and revelations and something there, maybe not something there. The recriminations go back and forth and stymies or delays the republican agenda, despite what paul ryan says hes optimistic despite from what we hear from kevin brady, saying hes going full steam ahead with a package by august what do you make of it . Its very important to distinguish what is going on in washington and the market. Frankly, all of the commentary about the growth in our economy and the growth of revenues and profits is very powerful. I dont think President Trump has to be heroic in terms of the tax cuts hes looking for. Theres not many ways to put ten points of margins in their business. Hes giving people the opportunity. Neil and the first thing is the foreign trip. If he comports himself well, does well. Then what . I mean, the markets are watching intently. Theyre giving him the benefit of the doubt. Youre seeing the markets up today based partially on the trip and hoping its a successful one. Again, if he makes any bad moves or does anything that investors are not entirely happy about, sure, i think you can see another short term sell off. The thing that is interesting is beyond the strong fundamentals that investors are liking and trading higher on today. A lot of the sentiment indicates are showing opposite of what the markets are saying. So yes, its come back down. But look at the call ratio. Its 113 . Thats the highest since april. That suggesting yeah, people are hedging based on an expected sell off. Neil theyre ready for the possibility. Right. Theyre protecting themselves. Neil alan, if the president did say of comey that hes a nut job, that he told the russians that his firing relieved pressure, does that rattle you if that proves true or theres more leaks to come, whether verified or not . Crazy, crazy like a fox. I dont know. What is important, the markets. At some point they discount almost everything he says and does. s the unknown knowns that shake up the market. Everybody is prepared for a slipup, some gaffe. Something. Regardless, the market keeps going up and away. Momentum is a very powerful force. Neil well watch it closely. Have a safe weekend. Thank you. Neil meantime, secretary mattis had Something Interesting to say about the air strikes in syria. Its just a burst pipe, i could fix it. laugh no. With claim rateguard your rates wont go up just because of a claim. I totally couldve no switching to allstate is worth it. Its not just a car, its your daily treat. Go ahead, spoil yourself. The es and es hybrid. Experience amazing. If you have moderate to severe Rheumatoid Arthritis like me, and youre talking to your rheumatologist about a medication. This is humira. This is humira helping to relieve my pain. And protect my joints from further damage. Humira has been clinically studied for over 18 years. 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As you know, if this goes to a military solution, its going to be tragic an an unbelievable scale. Neil thats the defense secretary talking about north korea. All options, all economic measures we have taken dont seem to do the trick. And the North Koreans seem to heave missiles. They do so every other weekend. Rebecca, what he seems to be intimates there, a military solution, which might be our last option is a devastating option. There are no good tacts that we take. So it raises the question, which would that military option be . Shooting down a missile over the Korean Peninsula if he launched one over land . What . You know, we have to be prepared for anything. We have. Thats why we deployed the Missile Defense battery to south korea. We have 28,000 American Forces and associated personnel there to defend our allies. We dont want a military option. If they shoot a message, the u. S. Might have to shoot one down, but there will be more. Thats why the u. S. Has to protect ourselves. We dont want a military to use military force but we have to be prepared to do it if we need to. Neil are you getting the sense theyre contemplating Something Like that, sanctions can only go so far, they have to be the most sanctioned country on earth and china might be stringing us along . Everybody says that weve exhausted everything. Thats not true. China has blocked a lot of really biting sanctions or hasnt enforced current ones. It looks like to me the chinese are nervous. They have an american president now that will use military force and its seriously on the table. So i think china will be putting more pressure on north korea and that is exactly what we want to see happen. Neil you know, the case with the first tomahawk missile strike in syria, if memory serves me, we gave the russians a headsup that we would do this. Would we and should we do the same with the chinese in the event that we are determined to shoot down a missile . That the North Koreans launch. The u. S. Has the per rock prerogative to protect our own people. We dont want to blow up a missile on a launch pad. Neil would that be deemed provocative . Would the North Koreans say that as an act of war and play out the rest of the monstrous possibilities there . Depends where the missile is headed and depends where we enter sent it. If we intercept it towards hawaii or the west coast, its an act of selfdefense and the International Community will recognize that and it will be hard to say theyre not the aggressor. If we blow up a missile, that will cause problems for the United States internationally. We would like to avoid that if we can, of course. So were watching them. No doubt were watching them. Our best bet is to get our allies and friends to put pressure on them. Neil the last missile was closer to russia than japan. Youd think that would wake them up. Thanks, rebecca. You know Joe Lieberman was al gores running mate in 2011. You think he would have more support from the democrats. 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The question is whether you want someone here with a political pedigree or somebody that has a Law Enforcement pedigree. I think theres a lot of people on both sides of the aisle that are looking for someone that doesnt come from the political realm. I think and i feel this very strongly, the best a pointee would be somebody that comes up in the fbi. Neil thats all reaction to Joe Lieberman and his name out there as a possible fbi director. Democrats opposed to it. Senator Bernie Sanders saying its not a good idea. Emily and robin joining us. Where is this going and why such a universal view that joe isnt the guy . You know, neil, theres lots of reasons. I asked around. Number 1 reason is that hes just not qualified for the position. Ive got to get something out there. Close friend of mine within the white house told me that donald trump just really doesnt like comey and especially hes intimidated by his height. Hes 68. Joe lieberman is 59, nearly a foot shorter. Neil its a height issue. All right. Whatever. So gabby, im looking at this fear. If someone like lieberman isnt going to do it for the democrats, it fuels an argument that many have had on the other side that say that, you know, even someone like fbi director mueller in that role as a counsel looking into this isnt going to be good enough. Nancy pelosi says we need the independent commission. The investigators are going to be tripping over themselves. Yeah, seems like democrats are not going to be satisfied no matter who President Trump puts forward for this position. But they especially view Joe Lieberman almost as a pariah of the democratic party. It seems as many members hold a grudge going back to the days when he backed john mccain for president in 2008. As a staunch supporter of the iraq war during the bush era. Put him at odds with his party who might have important political motive for opposing