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London, we will go to london shortly to report on that terrorism attack. The nikkei average overnight up a half of a percent but the others mostly lower. The push per tax reform is continuing. The commander in chief insisting his plan will not benefit the wealthiest americans once again. This is not the benefit the wealthy. This is to benefit the middle class and to benefit companies where theyre going to be producing jobs. We want to produce jobs in this country. Maria more on the administrations tax reform plans coming up this morning and could the Equifax Breach keep you from getting an iph...

Good afternoon, everybody. Welcome to power lunch. Nasdaq hit new highs yerlearlie today. The dow and s p 500 under pressure merck a big reason for the dows decline. Shares down about 6 shaving 20 points off the dow merck is down 13 in the past week the Number One Health care analyst will join us to take part in mercks woes. Whats working check out amazon, apple and facebook all three hitting new highs. Check out some other movers. Amd down downgrade there. The stock down 20 in a week in arising market. Lennar taking a hit on its deal to buy calatlantic soaring by contrast more than 20 , almos...

At least thats happening on the dow and s p. The nasdaq still off the most and near the lowest of the session. Thats a theme we have been seeing. We are taking a look at the fiveday s p 500, where we have big selloff and then you start to recover is the day gets over. Looking to see if we can repeat that pattern again, the nervousness of the investors in the morning off of the headlines overnight and then perhaps trying to recoup some of those losses as we take a deep breath throughout the rest of the day. Some of the selloff we are seeing is happening across asset classes, particularly were l...

And the attorney general slamming sanctuary cities this afternoon, just wrapping a big speech in miami. These policies do far broader damage to the country than many understand. At its root, at its root, it is a rejection of our immigration laws and a declaration of open borders. David among our guests this hour, lawyer for the president , jay sekulow, former Arkansas Governor Mike Huckabee, americans for tax reform president Grover Norquist and former cia officer mike baker. Melissa but before we get to our top story lets get a quick check where markets are ending the day. Nicole petallides o...

One is that in 2006 we couldnt afford it right now with the same budget that we could afford if by 2011. I was off a couple of years by the breaking point but now we are well above the breaking point and we can implement the plan that i present in the book for less money than we have in transfers and that situation is going to get dramatically worse if you want to think of it that way over the next several years because we do have rising entitlement costs and we can pretty confidently into the future and see budget deficits that are extremely serious, and i would say one way or another there h...