Within a stones throw of a record itself become amazing. This is the president heads off to mississippi moments from now big rally planned. He makes remarks that will take them to it. First john roberts and how the white house is responding to this economic. Neil good afternoon to you. I was glad myself to find out Chris Wallace wasnt wearing a speedo underneath that desk. The president pretty happy about the job numbers today as he said the official number 128,000 the president tweeted a blowout jobs number just outcome adjusted for revisions in the General Motors strike, 303,000. This is far greater than expectations. Usa rocks. The president said they are that they 128,000 number is actually 303,000 so how do they get to that number . You are alluding to this at the top purity of the base, 120,000 jobs created last month and then there was 95,000 in upward revisions for the prior two months, they added that in. And the council of Economic Advisors and National Economic council estimate that there is a 60,000 person adjustment for the gm strike, and then they threw in 20,000 for census camorra 20,000 jobs for census worker so thats how they get to that total of 303,000. The president s chief Economic Advisor seeing the real winners here are the middle class, listen here. We are in a middleclass boom. A middleclass boom. Where inflation adjusted aftertax income, has a increase per household. By 5,000 or roughly 7 in just two and a half years. Those numbers are far and away better than the prior 16 years under democrats and republicans. Thats how good this middleclass boom has been. He insists that people are underestimating the strength of the economy come the stock market still doesnt really believe him because yesterday we sell the stock market dive on manufacturing numbers. Today its up near record high. Lord only knows what monday is going to bring a nail. Neil thank you doug very much. Your doubting the eyes and crossing the ts on these markets, the johns point the dow within about 12 points within record and the nasdaq already had today. The strong economy, the wind at the president s back. What do you think . Neil, theres just a little bit over a year to go and every data point, every job come every person entering the job market, every person coming up welfare and every data point is going to matter and with the big four indices either breaking out or just about to break out of a long range, that is definitively the wind at the back and i am sure you are going to hear the president yelling and screaming about it in the weeks to come if it continues. Neil it also took a lot of the pressure off in the middle of all this impeachment focus on his fundamental argument is that you want to go after me and chased me out of office . Youre chasing all of this out of office two. What do you think . Speak up for me come impeachment on a scale of 1100 is about a 5. His base is going to stay with him, the people that dont like him are going to continue to go after him. Thats the media, the democrats, i dont think its going to mean a lot and i think everythings going to come down on november 3rd is how do people feel about their wallets, their situation, the job and i have to throw one more thing into this, neil, i know the president is going after jay powell but if i was the president i would be giving jay powell a lifetime pass to maralago, he is instilling, he is putting more liquidity into the system now that ben bernanke did when we are at 9 unemployment and in a financial meltdown with this qe that he doesnt want us to call qe, which is pure mobility and large markets and the economy has reacted to it and that is a bigtime help also. You are a genius just to bring it back to a lot of the folks on site you are of course referring to john powell the president of the Federal Reserve and what is done with these three rate cuts to keep the party rolling, do you think this removes the possibility of a recession by lets say next year around this time . I have never thought that we would go into recession here. Ive always thinking slow down, my bigger worry has been europe and asia. Im not so worried here and why the Employment Situation does continues to look really, really good. You cannot find a number i believe we finished at 3. 6 right now and people having a job and contributing to the government instead of the other way around, there is Nothing Better than that and if that momentum continues good on the president any good for the president. Think you very much. In the meantime medicare for all without tax rates for all . And i have a plan that shows we can have medicare for all without raising taxes one sent on middleclass families. Its all fully paid for by asking the top 1 and giant corporations the pair of fair share. Neil it might be debatable whether its all paid for. What she wants to do is spend an additional 20 and a half trillion dollars new spending medicare related on top of the 30 plus we are roughly spending right now. To pay for that over ten years shes boosting taxes in other words 35 trillion more in tax revenue, a good chunk of which will come nearly 9 trillion in new taxes on financial forms and corporations, 6 trillion on very wealthy individuals, and some firms that she says are trying to dodge taxes. About two and a third trillions of dollars she hopes to realize from tighter tax enforcement, 2 trillion tax and Capital Gains of the regular income rate for the very welltodo, and 800 billion again over ten years and something called a financial transaction tax on every wall straight red whether youre buying stocks, bonds, you name it. Will that not only pay for this, again the numbers might be a little off, and if she were to succeed and become president and get congress to go along came a big leap on all fronts. What happens to the economy . Susan, we already know that a lot of her opponents say the numbers dont add up. Joe biden didnt waste a nanosecond to rip it. What is the reaction on the stump . I think you have a headline saying even from the new yorker saying well she doesnt really have a plan for this, this is not a realistic plan it sort of a fairy tale. You have, it came on the same day as this friday news dump on the same day we have a date great jobs report that the president to celebrating and a lot of people are crediting the tax cut that he and republicans imposed for the trade economy and sustained economic growth. She obviously when she was attacked by joe biden on this on her credibility on this issue she said well we can go big in this country and so she seems like she does feel like this is something that the economy can sustain but we are seeing the recession fears overturned with this job report because of the tax kind. I think she has the credibility problem in detroit that she was rubbing her hands together saying sort of like salivating over the chance to get her hands on more tax dollars. I think this could be a huge liability for her, make a joe biden more of a centrist candidate and make his campaign a little bit more attractive when hes been faltering and shes been rising. Neil you think about it, say what you will about Bernie Sanders but he did come out and say the middle class are going to have higher taxes but the get a lot more back in the benefits and other things because of it. Thats neither here nor there, she didnt do that. She did raise clearly and i went through it line by line, she did raise the possibility come another possibility but the plan but that if you dont called private Health Insurance plans, the money that they might have been paying towards premiums on those plans, some of those are tax advantage account, you do lose thats your taxable income goes out thats why your taxes go up, that was minimized but that means the middle class and others would pay more, right . Richard here is the situation. You can debate whether the premium, the better premiums that americans with a pay what i offset the tax cuts that they may incur. She sang the middle class is not going to get tax cuts. But if they dont have a job, thats a moot factor. This is the economy and whether you are better off in four years than you are now is a real test of any president. Right now we are seeing the economy continue to sustain growth there and we have Elizabeth Warren coming up with this plan that could indeed hurt the economy by imposing greater taxes, 52 trillion is going to take over the next decade. Neil we will see how it fans up but thank you its always good seeing you. By the way the president is going to be going to mississippi rally tonight. You can bet that the timing of this with Elizabeth Warren talking up these tax heights and reversing has been the kind of thing that produced the job numbers we are seeing in the market rallies and records, that is going to be a big topic. Im still going for my best. Even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. So if theres a better treatment than warfarin, ill go for that. Eliquis. Eliquis is proven to reduce stroke risk better than warfarin. Plus has significantly less major bleeding than warfarin. Eliquis is fdaapproved and has both. Whats next . Sharing my roots. Dont stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. While taking eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Eliquis, the number one cardiologistprescribed blood thinner. Ask your doctor if eliquis is whats next for you. Fine, no one leaves the tablefine, well sleep here. Its the easiest because its the cheesiest. Kraft. For the win win. Seeing what people left behind in the attic. Well, saving on Homeowners Insurance with geicos help was pretty fun too. Ahhhh, its a tiny dancer. They left a ton of stuff up here. Welp, enjoy your house. Nope. No thank you. Geico could help you save on homeowners and renters insurance. Neil phase one may be on. New signs of progress in the giant nontrade talks. Love more on that in a minute. First Edward Lawrence with what he is hearing. Hey edward. Inches inching closer to a trade deal with china. Treasury secretary Steve Mnuchin talked by phone with the chinese vice premier today. The call according to the u. S. Was constructive and they made progress in a variety of areas as they are in the process of resolving outstanding issues. Now the chinese read on the call similar but adding that they reach consensus on principles. That last part is exactly what President Donald Trump sat back on october 11th. The bottom line is that progress was made today. White house Economic Advisor larry kudlow said the two sides are almost finished on the agriculture section. He says the Financial Services section almost finished were American Companies will now be for us to partner with chinese companies. Kudlow said the current manipulation section almost finished. One big thing hangs out there. Enormous progress has been made on the intellectual property theft issues, that one is not completed but theres lots of progress. Speak of the forced transfer of Technology Section will be in phase two, the deputy level calls will continue to get that lynn good right. Neil all right my friend friend, the government. Talks with china are looking up. We are pretty comfortable that the phase one is in good shape. When you say good shape for both leaders to signoff it within the next couple of weeks . Who will sign and on what date is a good question, it was nice having the natural deadline of the chilean conference because that made everybody focus on a finite date. Hopefully we can resurrect a date right in that range because we know that there is a gap in President Trumps calendar, we know there is a gap in xi, so that question ought to be one. The chinese had interesting things to say the other day about this process and that phase one might be as good as it gets may be the only thing they get and they complain even about the president being unpredictable, and positive in all that. What do you think . Uses unpredictability as a negotiating tool. We wouldnt have gotten as far as he is now if you work in a runofthemill oldfashioned inroad type president , thats not what he is, thats not why American People elected him. They elected him for what he has. Neil i know these are political event secretary but when you look at them and particularly the recent bureau of the president s called to the ukrainian level, at any level, and you are an International Businessman long before he got to the white house, at any level does that hurt the president s case that it just looks unseemly . If we were allowed to see what people are actually testifying and to hear the actual words i think we would have a very different image from the one that democrats are putting forward. There has yet to be a Single Person who says the president made an actual quid pro quo, not one. What you hear is well i interpreted as this way, i was very concerned about this and thought. They are talking about their reactions, not what the president did. Number two, thomas lenski very calmly said there was no pressure and the most important thing is the aide was restored and there was no quid pro quo. Neil does the quid pro quo matter . In terms of just how it looks. You are quite right maybe thats not to the degree we talked congressmen who say we dont know but to a man they all say what ive done it that way . I dont know. He told me another leader of a country about inserting himself, a sovereign nation, in another u. S. Election. If you are talking to the president at the time would you have advised that some of these aides who apparently talked of this committee have, that it was not good to do . First of all its the democrats were characterizing it as the president inserting himself into an election. What about joe biden what he have even inserted it . Corruption in ukraine is still a problem. I know im sorry. If this were anyone else but joe biden and his son would he have done that . Thats a hypothetical but i think the key thing is corruption is what he was talking about. Corruption in the ukraine. Imf yesterday complained about corruption in the ukraine. Thats a perfectly legitimate topic to be discussed between the two leaders. He didnt say you must do this or i will do that, thats one thing thats very clear. If we had proof that he did . There is nobody so far and theyve had a dozen or so i know you are not a constitutional lawyer and all that but would that be an Impeachable Offense . I dont think an aggressive phone call to a world leader rises to the level of high crimes and misdemeanors. If you got for parking tickets is that high crimes . How section would be a Political Action and not a judicial action, particularly the way they are handling it. The idea that the case would be in effect tried before republicans could be permitted to ask questions, before the president could be permitted to crossexamine witnesses, what kind of a process is that . Thats not a process, thats not a real process. You get more difference from the court for a civil violation or car accident and theyre giving the president. The president has said, secretary, that if he is voted out you can kiss this good market goodbye. If hes in pitched youre going to have a market crash. I think that is true. I think its 100 true. Look at the market is done since he came in. Sure there are occasional glitches in it but thats the way markets are. Pointtopoint this is an extraordinary achievement that he has made and even forgetting the china deal, usmca is the largest and i think the best trade deal weve ever done. Neil already was talking about that overall he hopes to see nancy pelosi and company move on that. In the meantime what is worse right now than being a bugatti . Replacement performance comes in lots of flavors. Theres the ampedup, overtuned, feedingfrenzyof sheetmetalkind. And then theres performance that just leaves you feeling better as a result. Thats the kind lincolns about. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Neil these cuts can be the next pez dis isis isis. Colonel its interesting. And i dont know if its good or bad thing for the world to know who you are but now we know. We know that we are already hearing from isis that they might be wounded but they are not that, what do you think . Neil its like the backup quarterback for a losing team. Hes going to go out there and try a couple of hail marys to bring attention back to his constituency across the world and cause them to do type of mass murders. We do know who he is i suspect. We picked up a trove of laptops and thumb drives and cell fonts and we track probably everything in the last 105 or so hours at a fusion cell. We are probably launching human intelligence operatives throughout the region trying to track down his trail as well as others. This is not something was surprising weve done it many times before. Thats how we came across albaghdadi and how we came across usama bin laden. It wasnt by chance it was by sheer analysis and hard work. Neil obviously a heightened sense of urgency and security alerts across the country here after baghdadis killing and i am wondering whether a wounded cornered animal is something we should be aware of. Better to have them wounded and cornered by far. What now . What do you think . Yes they were wounded and they are cornered but they franchised as weve indicated in at least 40 different countries. The question is whether or not they are going to establish liaison. I suppose partnership with other jihadist groups as they had in the past. Theyve tried to maintain some sort of purity from al qaeda and some of these other groups but i suspect that they will reach out. They will try to reconstitute, theyve had plans but with