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Roaring back today after the largest one-day drop in history but there's still volatility in the stock market as the closing bell rings on wall street in just a second. the dow swinging 1,000 points today. let's go to christina. even with the drop, the markets up about 30% since president trump took office. is what we saw yesterday, whether you want to call it a panic or a downturn, is it over? >> reporter: it is too early to tell. one thing is clear. many market participant were calling for a correction, a 10% drop from the last high which was just a couple of weeks ago. we touched that point...

Labor. there may be a philosophical argument behind that. didn't do it, perhaps people wouldn't put assets in, but it's sub 125sstantially o lower. using your back and lengths to work is substantial in our country. >> correct. the current tax code, the one we'll see once president trump signs this bill is going to skew it even more towards income derived from wealth. from investment. it is going to compound the bill that already gives the vast amount of its benefits to the top 1%, the top 10% in america. the largest corporations, that now even when people have the same income, it will tax at a...

Maybe because it will pay for other things. can you update us? >> my preference to keep it at 20. that's where we need to be. we fought hard to keep it at 20 in the senate. a lot of runs on raising to it use it for other things. i frankly think if we need to ensure that going forward we've got a rate that is competitive in the global marketplace, we need to be at 20. a lot of countries to see what we do and try to beat it and go lower. every point that we tick that up is going to put us in a position to be less competitive internationally. we have to get america to make it an attractive place ...

We're happy asserted 20 and go lower. there is our opening offer. if he wants to counter with something lower, we're going to negotiate. >> sandra: that he's referring to is chuck schumer. while he says his party is willing to work with republicans on giving small businesses a break, schumer calling the proposal welfare. we're going to open up to you congressman because the big question at this point is is were party selling this blueprint? speak out we're just at the starting phase the president is just getting his sea legs on tax reform. he doesn't really understand health care as well as he...

And this is why it failed last night. it's not going to make it through this time, and the republicans ought to come to the table, sit down with the democrats. there's an agreement that we can -- let's focus on those that help people. this is what people hate about washington d.c. nothing is getting done, and the actions they take are just hurting people. they're hurting me as governor. they're hurting us in our states. how about coming together and working in a way to help people. that's what you got elected to do, and, unfortunately, that is what has been broken up in washington. >> so, gove...