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Trump administration is looking at. i can tell you the market reaction is negative. listen, 70 points is not a lot when the market is at 23,000 going to 24. it's a stiff drop the minute the story -- >> neil: dropped 100 points. >> yeah, hit the wire. why are the markets going up? because of a real tax cut. they think it's a tax cut. both on the individual side and the corporate side. we know the individual side is -- they may even raise taxes. >> neil: madison, i want to pursue that with you. that's another rumor. it's an interesting item in the "wall street journal." not only are the rich goi...

answered, send an e-mail to cnnhelpdesk@cnn.com. hello, everyone. let's start this hour with our reporter roulette. trying to stop gunfire on new year's eve. also we'll get a look at your weather for tomorrow night. and some good economic news. let's start with iran. flexing its military muscle. it's conducting naval exercises in the persian gulf. apparently to show the west what it's capable of if the west imposes new sanctions on iran's oil exports. let's bring in barbara starr, pentagon correspondent. she joins us now. barbara, you've been following developments. what can you te...