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All right, on the money front. There is trouble for the tax plan and its coming coming froe House Republicans. They oppose dropping the deduction for state and local taxes. Nine hightax states will take a big hit if the deduction was eliminated. 33 House Republicans come from those states, if they ban together, they could kill the president s tax plan. And this is the last trading day of the Third Quarter, oh, what a quarter it has been. Bottom line, if you were a stock holder for the last three months, you have done very well. The friday edition of Varney Company is about to begin. I dont want it to be taken over by a bunch of wooses. Use something beside the nfl sideline, use something beside the flag, use something besides something people use to escape. Stu ....
Away now. Charlie gasparino gone the his hands on exclusive new details on the plan. Forgive us if we have to interrupt for the press conference, tell us what you have discovered . Reporter confusion reins, the 2400 limit, it remains in the views, heres the other thing, liz, gop leaders are discussing scaling back the Small Business tax cut. Initially it was a 25 going down from 39. 5 to 25, thats going to be scaled back and heres the one thing, liz, before she gets up there, we have to tell everybody the state and local taxes, major fights over that. Peter king, the new york congressman from long island is leading an effort, from what i understand, rallying representatives from hightax states to oppose this bill unless the deduction is in there or major compromise is in there. These are big issues. The salt deduction is considered a major Sticking Point for the conclusion of ....
Interview Steve Mnuchin. When he talks about a 1year delay in the business taxcut investors sold. That was the dip in stock price and. Are you buying it . Apparently not yet. The dow will open lower again. Where it closes we dont know but as of now the buyers have yet to return insignificant force. Donald trump is in vietnam, trade is the focus, tough talk, america will not enter large agreements the tie our hands. He wants fair and equal trade deals. Friday, november 10th, we honor our veterans, varney and company is about to begin. Oh oh, slacks for the tax reform vote. Allegations of Sexual Assault against roy moore, the republican nominee for senate seat in alabama under a cloud before the december 12th special election. Jury deliberations in the trial of new jersey senator Robert Mendez will have to start over keeping ....
And then to israel, again, mending fences the obama team broke, and maybe leaning up dependence iran just as that country holds elections. Then on to europe, paying for nato on the agenda there. And the president wraps it up with a visit to pope francis. Now, thats pure retail politics. This time its the president trying to mend fences that he broke. There you have it. Goodbye, swamp. Air force one takes off at 2 30 eastern and the friday edition of Varney Company is about to begin. Well, will you look at that . Jean michelle painted this is the sixth most expensive work of art ever sold bought by a japanese billionaire after a ten minute bidding more. Repeat. 110. 5 million dollars. Who needs that . When you can buy a Heisman Trophy from 1956 for a mere fraction of the price. This is one of the very few heisman trophies to ever go on sale. Well have more later. You can tell ....
Of an all hands on deck meeting at the white house. A Health Reform deal. Obamacare reform now hangs in the balance. Were going to bring you any further comments from the president and the senators, if they have them. Now we have gop leadership delaying the obamacare replacement vote until after the july 4th recess. We will not be on the bill this week, but were still working toward getting at least 50 people in a comfortable place. We want to make sure we are preserving the access people have for coverage for preexisting conditions, and also, we want to make sure that medicaid is sustainable, not just for today but for the future as well. As i said while it may look a little bit, we are intent on rescuing americans from a failed system that has driven up their cost and made it more difficult for them. We eliminate the mandate that people across the country hate that you have to buy a governmentapproved product. We eliminate all th ....