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Earlier today President Trump met with Business Leaders and members of his cabinet to discuss tax reform. Taking place at the white house this is 15 minutes. President trump please sit down. Really good group. Thank you very much for being here. For the incredible work youre doing to help us pass the really historic tax cuts. Theres never been anything like this in the history of our country. Its cuts and its relief and its also reform and frankly its also simplification. So were covering everything. There has never been anything like it and its so important, the economy is doing very well. It can do much better. A lot of jobs are going to come from this and a lot of companies will start pouring book into the United States. Were going to be announcing one big one sometime very shortly. Very big one coming back into the ....
President made a couple of headlines. Stuart went through them. The tax bill from the house by thanksgiving. Wants a signing ceremony here at white house by christmas. When he was asked whether or not the corporate rate phased in, he said hopefully not. Well see the video here from the president. Deeper comments coming in upcoming minutes. Here is what i tell you about this meeting this is trade association types, for example. National soar of manufacturers, u. S. Chamber of commerce. Business roundtable. The way one source described this meeting was this the white house is trying to get the Business Community tied in together. Depending what association you might be in, you might have a different interest here while your colleague might have a different interest there. They try to unveil this republican tax bill tomorrow. At least the white house is trying to get all the different groups together, hey, lets set aside divides. ....
Plus. The saudis are dealing dealing h rocket that flew over capital ryadh and they believe it was iran. Act of war, saudis and iranians are on the brink. Price of oil has gone straight up to twoyear high. We are now at 57 a barrel. Yes, there is trouble in the oil patch. Look at this too, stocks Still Holding onto record levels, theres a story in the wall street journal, tax overhaul faces major hurdles despite that the market rally has not stopped, going up a little more today. The dow has set 57 records this calendar year and Varney Company is about to begin. You know we sent three of the largest aircraft carriers in the world and they are right now positioned. We have a Nuclear Submarine also positioned, we have many things happening that we hope, we hope, in fact, i will go a step further, we hope to god we never ....
The dinner will also include the announcement of several journalism awards as well as College Scholarships but by the association. President trump will not be attending the dinner. He will be holding a rally in pennsylvania. Now fcc chair by talks about the future of internet regulation. Freedom works and the Small BusinessPartnership Council hosted the event at the museum. Good afternoon everyone. My name is adamant. Adam. Im the president of Freedom Works and what welcome everyone here. A lot of people are talking today about President Trumps first 100 days. I would suggest that yes, the Supreme Court is a big deal but the things that chairman ....
So i have been at freedomworks for 12 years and 12 years ago, when i started, this is one of the first issues we worked on. And last year, i was very nervous that we were going in the wrong direction. President obama had passed new regulations on the internet that i had feared would permanently stop innovation particularly there are 15 billion devices connected to the internet today. 157 billion. In 2020, that number will go up to 50. So obviously, were going to getting to a whole new level of change. And we can either try and regulate that change or we can let the market develop. So we are encouraged to hear the chairman pai the announcements hes going to be making today, were going to be looking at opening up the internet for development and throwing it open in a way that will increase competition, sorry will throw the internet open in a way that increases competition and does away with trying to have an antistate regulation. So elections have consequences. And as i said at the end o ....