stuart: i think we can safely conclude that since the president did not address tax reform in any meaningful way and never mentioned the border tax, that's why no impact on the market whatsoever. see, niel, i'm giving you something, go. neil: what did you give me? stuart: a dead-flat market. neil: thank you for that. i appreciate it my friend. as stuart pointed out we don't have the markets doing much. the question going forward is what happens here. we go to early 1997 for markets that had run-up in the course of time. that was an active period and you know how the year ended not comparing all of that but back then we had a president who was zealous on very big tax cuts in his final -- going to final year in office and, of course, we had other developments as well as getting regulations under control, too many of them.

many say that ronald reagan was not able to complete that task, but president trump plans to make good on it, so we shall see. he has a big regulatory reform agenda where he plans to cut through a lot of that red tape. blake berman has had a chance to look at all of that and previews, hey, blake. blake: the president in the first few weeks of his administration has gone after regulatory reform as it relates to the affordable care act. that was within the first few days, a couple of weeks after that regulatory reform for dodd-frank, but what is about to come here in the next few minutes is the president signing executive order that's being described by white house officials as government wide regulatory reform. something that will touch every single agency within the federal government and here is what we are being told, agencies will be required to establish what will be known as a regulatory reform tax force. those groups will have to evalua the current regulations and come back as to whether or not regulations should be

replaced or changed up and the focus on it all would be about costs and what they see potentially as unnecessary regulations. the president for weeks as he talks about potential tax cuts, has also talked about regulations and did so again on this day earlier this morning when he was addressing the folks at cpac, take a listen, here, niel to one promise if you want to put it that way that he made toward the regulation industry. watch. >> we have gun a historic program to reduce the regulations that are crushing our economy. [applause] >> crushing and not only our economy, crushing our jobs because companies can't hire. we are going to put the regulation industry out of work and out of business. blake: niel, the trump white house contends that the obama administration cost taxpayers and businesses some $873 billion

in regulations over the course of eight years. they are clearly trying to cut down on that number. niel. neil: blake, maybe i misunderstood. is this going to be an executive order, memoranda, how will he do this? blake: this is, i believe, going to be an executive order and will sign it here within the next few minutes, the media folks waiting to go in and gather in. so we will get more information as he presumably talks about it but this is an executive order, niel. neil: when he does that kind of stuff, it's fascinating, he's the first president that we know, many have signed executive he -- he tale -- televises it and there's a purpose to that? >> story time with president trump, i guess if you want to call it that. this is his way to say, look, here is what i am doing and here is what i am signing and here is what i hope to accomplish. it is short sound bites but as

we know sometimes, niel, those are most effective and give us the message that he's able to put out there and hopefully on his point prove his point or at least get it out there. neil: i'm so glad you're on top of it, my friend. blake berman, we will be going with him a little bit later. it is fun to watch. this was fun to watch too, the president speaking to cpac, in case you're counting, first time a sitting president spoke to the group, he spoke even before he was a candidate, 2011, that is donald trump, it's rare to see president, first one since ronald reagan. chris, much has been made of what the president said. the time focused on the media right up front but that is a consistent theme. what did you make of that? >> i thought it was interesting to see him here. like you said, last time we had a president here it was george w. bush came at the very end of

his presidency and when he was writing his speech, he didn't even know what the word conservative movement was, what's all this stuff in my speech? donald trump gave a speech, the crowd was going nuts. he made a lot of promises. he said we will not be stopped, we will not be deterred. it's obvious. we just watch marine one fly away. he's going to sign an executive order and start to work in the 20,000 or so regulations that have been passed in the last years as obama president. neil: you know, lenor, like my buddy stuart varney, what the markets was thinking and what the president was saying, like stuart i don't think it had any measurablempact on stocks after ten-day run-up to say nothing of the run-up that we had since the election. i know i get in with you a lot, that's why i value, very fair and balance view of the markets

that's to void of politics which i like, one of the things you said, they might be getting ahead of themselves, be careful they are pricing themselves in and explain that? >> well, for him to actually get -- we need to get the regulation taking care of, regulation and taxes are one of the top two things that companies depend whether they are large or small, they are all complaining of the business, two biggest headwinds for them, the challenge is that he's going to have to get actual legislation and that means he's going to have to get people from across the aisle to come over and work with them because he can't do with just the republicans, that means it's going to take full-time. these -- time, fixing problems is not an easy thing to do. it's going to happen very quickly. i think that's unlikely to happen as much as i would love to see it, i think the market is get ago head of itself. neil: we can talk about the markets till the cows come home, regardless of what the markets

do, is what the president going to do going to help the economy, ignite growth beyond the growth we have seen averaging 2% even if you get up to 3%, maybe 4% that could solve a lot of problems, but it's a herculian list. >> you grow the number of people working and you make them more productive. well, the number of people working has not been growing very well. we have the population, fertility rates aren't so good. working-age population is growing at about .4% a year. that's a little tough. what can we do? we can make people able to accomplish more. one of the things that's making it difficult for productivity to be really high is all of this regulation and then the tax code as well because if you tax so much, then people have less money in their own pockets, businesses have less money, reinvest in own productive capacity so that an individual can actually do more, so get rid

of that regulation, make the tax code a lot simpler so it doesn't take as much time to fill out taxes as well and give people more money in their own pocket and that will get the economy doing. neil: thank you for mentioning the fertility rate as well. let me get a sense of this once in a generation opportunity to seriously try to reform the tax code. what do you think the odds are that it's going to happen and that it would be, in effect, this year and how important would it be? >> it's very important. look, something is going to happen this year whether it's tax reform or whether it's simply a tax cut like we had under george w. bush, is the open question right now because people are disagreeing on the border adjustment tax and that's a big piece of the republican's plan. we have been talking so much about tax reform in the last few days, i think today is actually the really big day with president trump putting regulatory officer in every single federal agency, this is a big deal and i actually like the

fact that markets aren't really responding to it because we are talking about something that's much longer term and has a real funmental -- fundamental impact. i think it has long-term consequences. if you can start to get closer to that 3% growth rate which i agree is herculian but is really important. i'm looking at that. don't hold your breath waiting for stuff. >> well, one of the things that really hindered ronald reagan where he didn't have control over the legislature and also he wanted to pursue one o the

biggest -- neil: he didn't have control senate, right? >> the congressional review act. the -- they only need 51 votes. they can take them right off the books. neil: really? one of the things that happened, the earlier the president saying, i want the government to know that you want to come up with new regulations, whatever new one you come up with take two out but he didn't say that he would come in immediately cutting those regulations. he said his goal was i want to cut in some cases up to 75%. how do you go about that process?

maybe that will be more delineated in the announcement in a couple of moments, what does he have to do? >> he has to start getting momentum here and start finding thicks he can cut quickly. dodd-frank, that's too big of a hurdle. he needs to start smaller and have people see that it's actually working, see, i cut regulation and look at the benefit of it and build the positive momentum. get winds in and that would make it more difficult for the opposition to fight him. neil: ryan, handicap, whether the popularity numbers, they're not great so far. but if he delivers on that agenda, it usually takes a while to see the impact of that. so next year at this time, how do you think things would be look if he got that through? >> you know what, don't even look to next year, niel. we are talking about long-term changes. and i think looking six months in the future, a year in the future, popularity numbers is the wrong move.

if you cut regulations the way he's talking about, it's going to pay dividends. next year to some degree, five years from now, ten years from now, play the long game here. if you do that, history will look back and say, that was the time when we changed the trajectory of the economy. you start playing popularity game now, you are going to lose because there's always going to be a sizable component of the population, you can't worry about that. you have to worry about doing the right thing over the long-term and i really hope that this regulatory reform that he's making today is the beginning of that. neil: we shall see, guys, i want to thank you very much. just a reminder on that, our guests going back in history and remembering how tough it is sometimes to -- to appreciate the lay effect of even doing things that people like, ronald reagan did eventually get tax cuts through but people weren't feeling it even two years into presidency, remember, he lost 26

seats in the house. even when you do things that will have positive impact as we learned later, those tax cuts did, there was a significant delay and in the interim ronald reagan was deemed a guarantied one-termer and lost 26 seats, republicans lost 26 seats in the house. so that's a little bit of a perspective on this. people want instant results and if they don't get them, well, they watch cnn, which is tragic if you think about it. [laughter] neil: charlie gasparino thinking of tragic after this with x1 you get the best of the oscars.

you're a funny guy. funny how? how am i funny? scorsese finallys. could you double check the envelope? show me best picture. what's the difference? show me best actor. i do not take tonight for granted. thank you so very much. get all the greatest scripted and unscripted oscar moments on xfinity x1. the oscars, live sunday, february 26th 7eâ4p on abc. >> i want you all to know that we are fighting the fake news. it's fake, phoney, they are the enemy of the people. [cheers and applause] >> because they have no sources,

they just make them up when there are none. sit down, everybody, come on. you know, the dishonest media, they will say, he didn't get a standing ovation, you know why? you know why? because everybody stood and nobody sat. neil: sources say they had no idea what he was talking about. [laughter] neil: he did it again, he went right after the media for the first 12 minutes in cpac and that's the way he goes on this sort of stuff and with that crowd it works. you have to think about next week, of course, when he speaks to congress. it's a pretty good guess, i hed maha say half of the people will st seateand half will stand and then there are people like charlie gasparino that steps way, way back and chides everybody. good to see you. i know how the cpac goes, it's become phenomena by itself. ronald reagan addressed this

group, most presidents have not since but this is the group that was leery of donald trump a little more than a year ago. so sum up that conservative movement and the people you know and how they're feeling right now. >> when he talks about the media he's giving them a lot of red meat. there's no doubt -- as you and i who were journalists first, political opinions i would say are right center, yours might be the same, particularly on economic issues, we have seen the left-wing media bias. interesting thing is the late-comers to this. we have actually been in the trenches fightings this media bias in a journalistic way which is not easy doing it right and fairly where we cover news stories but we understand the bias of the left. you know, donald trump is a very much of a newcomer to this phenomena. he was part of the left before he was --

neil: worked the media. >> the orange king, i'm sorry. i have a lot of twitters. neil: you're amazing. >> the orange king wants to talk about media sources, ted cruz old man being part of the kennedy assassinating, who were the source that is obama might be born in another country other than the spelling of his last name and the fact that he lived in ibd -- indonesia. neil: you invite this when when you site this? by the way, you and i have seen negative stories. we have seen -- >> they give him no break. it's horrible. neil: ignore increase market value as well as getting all -- i think that should at least come into the mix. >> we talk about that all of the time.

neil: i'm just wondering he feeds the beast. >> he's hypocritical. where were sources on birther stuff and thousands of muslims? neil: by the way, the president did sign order, regulatory order and we will go right to it, but do you think that the strategy here is to -- to make people think twice about media, oh, yeah, trump use today say that they were going to focus on the negative. >> it works and steve bannon is behind this. i know steve bannon pretty well. neil: what did you think of him and priebus? >> ihought it was good. neil: i think as far as the two coceo's and now they're get ago long. >> rum or -- rumor that they

didn't. neil: which is why they did it. >> i know president trump, i like him, but these are particularly president trump, these are the last people that should be talking about fake news because he -- he indulges fake news. neil: i do think -- maybe what he has to realize, then you have gotten elected when they say you wouldn't. you don't have anything to prove, you know what i mean? >> if he spent more time talking, rubbing it in the media's face that the dow is on a tear -- >> just say that. we dare you to report, people are financially doing better. >> businesses are staying and, you know, look at --s a way to . >> just like that.

neil: he's on credibly shaky ground because his whole career, political career indulged in it. >> be careful, everything comes back to bite you. listen, we all make mistakes but -- neil: i don't give you dietary advice, it's not necessary. >> are you drinking pumpkin spice lattes? neil: love him or hate him, he tells it the way it is, i have to e-mail a lot of people and explain what he meant to say it was. >> put the genie back in a bottle. neil: we are waiting for the tape showing the executive order signed. doubling up on the agenda to cut down regulations, for every new one you come up with, get rid of two. this is that on agenda that will cut through red tape by cutting government out. again, every president before him has tried to do something like this, ronald reagan most

famously but even under ronald reagan, the growth was slower under ronald reagan but got bigger, can the occupant in that building change that in after this great panther silver produced approximately 4 million ounces of silver last year at their 2 mexican mines. their recent mine

acquisition in peru, once fully operational, stands to increase their production up to 75 percent. great panther silver neil: all right, just moments ago the president signing the latest executive order that makes sweeping changes to cutting red tape, finally. >> the president and ceo of merkc, alex, ceo of johnson & johnson. marilyn, she's been tough to deal with but that's okay.

she's a tough negotiator. [laughter] >> president of lockheed martin. gregory hays. ceo of dow chemical company. mario, president and ceo of united states steelcorporation. juan luciano, president, chairman ceo of company. campbell soup company. chairman ceo and mark, chairman of international paper and chairman, president of 3m company and we have made tremendous progress with these great business leaders, amazing progress, they are getting together in groups and they are coming up with suggestions about their companies and how to bring jobs back to the united states

and i think it'll be a fantastic day for the country and we met yesterday and met with these folks and some more, excessive regulation is killing jobs, driving companies out of our country, like never before, but i must say i think we have stopped it to a large, large part, marilyn, right? >> right. >> reducing wages and increasing prices, i have been to american companies and american workers, i've been listening to them complain for a long time. but today this executive order directs each agency to establish a reguly reform task force which wi ensure that every agency is a team of dedicated and a real team of real dedicated people to research all regulations that are unnecessary burdensome and harmful to the economy and therefore harmful to the creation of jobs and business, each task force will make recommendations to repeal

or simplify existing regulations. the regulatory burden is for the people behind me and for the great companies of this country and for small companies, an impossible situation we are going to solve it very quickly. they will also have to real report every once in a while to us so we can report on the progress and so we can come up with some even better solutions. this executive order is one of many ways we are going to get real results when it comes to remove job-killing regulations and unleashing economic opportunity, we've already issued an order which says that for every one new regulation, two old regulations must be eliminated. so that in itself is going to be tremendous but what we are doing is much more than even that, every regulation should have to pass a simple test, does it make life better or safer for american workers or consumers,

if the answer is no, we will be getting rid of it and getting rid of it quickly. we will stop punishing companies for doing business in the united states. it's going to be absolutely just the opposite. they are going to be incentivized for doing business in the united states. we are working very hard to roll back the regulatory burden so that coal miners, small factory business owners can grow businesses and thrive. we cannot allow government to be an obstacle to government opportunity, we are going to bring back jobs and create more opportunities, there maybe more than ever before in our country. we made tremendous strides over the last period of time. i guess four weeks into it. i think for four weeks i have done a very good job. [laughter] >> i want to thank the great business leaders, some of them are with us in the white house and had tremendous succeed, reed and jared and so many others and

in business and they are helping us sort out what's going on because really for many years, even beyond -- long beyond obama, president obama, i will say that it's been -- it's been disastrous for business. this is going to be a place for business to do well and to thrive and so with the signing of this executive order, i would like to just congratulate everybody behind me and i would like thank you for bringing the group together. >> thank you, thank you, mr. president. thank you. should i give this pen to andrew? dow chemical. [applause] >> we are very proud of this one. it means a lot of jobs, thank you, everybody.

thank you very much. [inaudible conversations] neil: all right, the president signing executive order. that doubles down on efforts he's made to make rules and regulations under control in waington. this one will form a tax force to evaluate all existing regulations and look at ways to get rid of the ones that have lived up their usefulness and also focuses on eliminating costly unnecessary rules, but again it's part of the commitment he made of ceo's in toe, some of the same ones that are here including to andrew, rules and regulations are choking his business and other businesses, in fact, on his very show, he was telling us that sometimes big tax cuts and a big slash in regulation, he would choose the ladder, big cuts in the regulation and it's killing a lot of colleague businesses. earlier an interview that he

gave to reuters that's getting press and attention in which he sort of fine-tuned his nuclear stance that the u.s. goal is to have a nuclear arsenal at the top of the pack, what got the attention is to say that i am the first one that would like to see, referring to leaders, nobody have nukes but we are going never going to fall behind any country even if it's a friendly country, we are never going to fall behind on nuclear power. he expanded on those remarks just a short time ago, take a look. >> the dream would be that no country has nukes, but if we're going to be at the top of the pack. neil: retired general jack keane, what do you make of that? >> well, trawl, what's happened to discuss -- first of all, what's happened to us, i totally agree with what he's saying. sad hi to say, our nuclear arsenal is this bad shape. it has been deteriorating for years. and the nuclear arsenal consists

of long-range bombers, icbms that delivers missiles with nuclear warheads and and also submarines that deliver missiles with nuclear warheads on them. all three of those have deteriorated, the worst being the intercontinental ballistic his sills. meanwhile, russia and china, neil, have modernized their arsenal. so what is the issue? well, the issue is simply this: you want to have deterrence. you want to make sure that no country would ever think of using those weapons because they would be destroyed if they did. and we don't want to ever be in a weakened progresses which we are now, permitting this -- weakened position. we have got to getç it modernized -- neil: what does that mean, general, when you want to modernize it? at first blush, people hear that and say we've got enough nukes. there's no shortage of stuff that can blow up the world many times over, so what are we

talking about here? >> well, we're talking about systems that are so old that we question their reliability, neil. that's the issue. and to get into the specifics of that is classified, but in a general sense that is simply the issue. we know that and our adversaries know it because they know how old all of our weapons are. and nuclear weapons, the president is exactly right, wish we didn't have 'em, but if we're going to have them, then they have to be a top priority. and not only have nuclear weapons, because they are a credible deterrence against nuclear war, here's the other thing they did for us. from the end oforld war ii on when we had nuclear weapon asks soviet union had them and all our disagreements and clashes we had, it prevented a ground war because we knew it could lead to a nuclear exchange. so despite all of these disagreements and eventually the soviet union collapse, nuclear weapons kept us off each other

for close to 50 years. neil: while i've got you, general, just wanted your quick thoughts speaking of russia here. vladimir putin, who has apparently opened up a psychologicals dossier on president trump, i'm sure that has happened before on all sides with all leaders, but what do you think he's up to? >> that's just absolutely routine -- neil:s it is? >> oh, yeah. to get a probe file of leaders. and, neil, we do it on all of our adversaries and our friends. and the reason is we want the president to go into any meeting with an adversary or an ally knowing as much about that person as they possibly can, how that person thinks, maybe a little bit about how they feel psychologically so that he can be on his best game when they're interacting and negotiating with each other. neil: general, great seeing you again. have a great weekend, my friend. >> you too, neil. neil: all right. we certainly though that the republicans are working fast and furious to come up with a replacement for obamacare.

the repeal and replace is something they want to do simultaneously. the devil, of course, in those proverbial details, and moving fast. gerri willis on the latest. >> reporter: hi, neil, that's right. i had an opportunity to talk to a fella named jason schiffer, 46 years old, a software engineer in virginia, has his own business, making it his own way, forced to buy an obamacare policy because the catastrophic plans he used to buy aren't available. he's paying more, way manufacture. leapt me give -- way more. let me give you an idea, he's paying more than $800 a month in premiums, an $11,500 deductible for the year for the entire family. all in that's more than $21,000 that jason is on the hook for. and let me tell you, that's bigger than think other line item on his budget. it's more than his mortgage, more than anything else he pays. now, jason says that's holding him back in other ways. listen to this.

>> because i'm a proprietor, the money that i'm putting in my business is money that i i made, so if i'm spending it on obamacare, i can'tpend it on the business, i can't hire new people because i don't have thatç money. it's very upsetting. >> reporter: very upsetting, you heard jason right there. he's like a lot of people we talk to, and i just want to underline this, you know, people who have their own businesses, they want to get ahead under their own steam, they are particularly penalized by obamacare because they have to go out and buy soup to nuts coverage, the bronze plan he got was not the most expensive plan out there. e-health helped him find that plan, but he's majorly unhappy, and he's really, i think you've got to agree here, being penalized by obamacare because he's doing everything he should. back to you, neil. neil: all right. thank you, gerri. in the meantime, in case you have any doubts that the president is still intent on trying to get this health care reform done, he reiterated again

at cpac. take a look. >> we also inherited a failed health care law that threatens our medical system with absolute and total catastrophe. we're going to repeal and replace obamacare. [cheers and applause] neil: all right. bill kline joins us now, the washington examiner managing editor. how likely is this, how soon is this? what do you think? >> well, i was actually at cpac yesterday, and i spoke with representative mike burgess who's on the energy and commerce committee which is helped with doing this, and he sort of said they're going to do it, but he was more equivocal when it came to how long it's going to take because it's very complex, there are a lot of moving parts. if you remember in 2009-2010, president obama was fully onboard with doing something on health care. they had larger majorities in

both houses and senate -- house and senate, and it took the democrats 13 months to do something. so it's a very large and complicated task that republicans have. neil: i talked to, and you're closer to this than i'll ever be, but i've talked to a number of conservative republicans in particular worried that repeal and replace means replacing a gigantic government program with amaller one, and they're viscerally against that. when i heard that, i heard it from a number of them, it makes me wonder whether there are serious, serious divisions here. there are some republicans who feel, wait a minute, the government shouldn't be in this business at all, and others who insist that even if we are, we shouldn't pat ourselves on the back because we're replacing a trillion dollar ram with an $800 billion program. what do you make of that? >> yeah, it's absolutely true. i mean, there is a fear among conservatives that what we're going to get is what i've termed

repeal in name only. and that's basically a possibility that republicans could try to make a number of changes, maybe expand health savings accounts, tinker with medicaid, tweak the regulations a bit and say, okay, we've done it, we've repealed and replaced obamacare whereas in reality they've just sort of changed it. and even if you listen to president trump at cpac today, at one point he said we're going to improve obamacare, and another point he said we're going to repeal obamacare. so it is not totally clear where they're going to end up, and that's been a big concern of conservatives. neil: yeah, because if you're a liberal, you're clapping your hands, right? at the very least, you're going to get still a government program that will be conducting the health policy in this country. so it's just shades of gray, you know? >> yeah. and i think a good example of this is actually what vice

president pence, when he was governor of indiana, did. because he exanded medicaid expn indiana, but there were various free market measures that were put in such as hsas and certain thr so forth. and so they said this is a free market reform even though they were taking all the obamacare money and expanding it. and the person who headed up that effort is now going to be the held of the centers for medicare and medicaid services under president trump. so that sort of raised a lot of questions about whether we're going to see something similar. window dressing, free market window dressing over what essential is an obamacare-like plan. neil: a right. phil kline, thank you very mch for taking the time. all right. in the meantime now, a lot of you have probably heard and see all the dust-up at the white house, how did these leaks happen, what happens all the time when they do happen, what

if there was a way to make sure that whatever up leaking out disappeared in the process? i'm oversimplifying, but just to say that there's an app for that, and there's a very controversial debate over that. after this.

neil: besides the media, what do you think has been the single biggest beef of president trump since he took office? well, this one's easy, leaks. all the leaks. everything that gets out in informal conversation with the australian prime minister ma someone at the -- that someone at the state department got out to messages back and forth that, ultimately, led to his national security adviser, general mike flynn, to resign. so it's a paramount problem, and the administration wants to know how and why this keeps happening. enter some other technologyings out there that would avoid the embarrassment of this stuff getting out will period by

making sure whatever does get to anyone's attention just disappears after it's read. confide is a company that is behind that, a messaging app that essentially self-destructs, or the message will, after you read it. confide be co-founder and president john broad with us right now. did i pronounce that right? >> you did. neil: okay. how is that different -- i'm showing my technical ignorance, but how is that different than, let's say, a snapchat? >> sure. confide is a confidential themmer. we provide end to d encryption with, as you mentioned, disappearing and also screen shot protected messaging really to enable private, secure and efficient communication principally among professionals and business people. snapchat is not intent encrypted, there's been all kinds of controversy about screen shots on snap chas, we've solved that -- neil: by the way, how do you solve that? >> right. after the message is decrypted, and it's a unique key that resides in the recipient's device, so we insure that only

the intended recipient can read the message, after it's decrypted, we cover it over with bricks, and you wand your finger over it which only unveils a portion of the message at a time. neil: but if you still have a supersensitive sliver there, you could screen shot that. >> yes, on ios, iphone, which is one of our four platform bees, you can screen shot that, get a couple of words, or a sliver of the message. we then kick you autoso you can't go back in, we alert the sender that a screen shot was taken. neil: oh, so you would be able to discern that. >> correct. we can detect it, we can't prevent it. neil: okay. >> but on the other three platforms -- neil: i'm sorry, i'm slower than you are. i'm literally following it with my fingers, it disappears. >> right. after you read it, you hit close or reply, as soon as you do, you can't save it, archive it,

forward it, cut and paris be it -- neil: i'm told that that's impossible. no, you know what i mean? that nothing ever disappears on the net, it reappears somewhere. >> no, that is exactly the problem that we're solving, okay? so the problem with digital communication is that anything you communicate digitally is archived forever in the internet's permanent digital record, it resides on servers, and the recipient retains a copy forever more to do with what they want -- neil: oh, so i'm replying to you -- >> right. neil: -- after you send me this, how long is my reply in there? or do we just cease and desist with our communications, there's no way to save it period? >> correct. so you reply and then encrypted, it debts decrypted, i wand over it, i i read it, i hit close or reply, that's gone forever. neil: does the white house use this technology? >> we don't know. as a confidential messenger -- neil: i bet they do. >> -- we don't have a lot of

information about who's using -- neil: you know your customer, don't you? >> we don't. neil: really? you know how many? >> we do, we know on an aggregate basis, we know how many messages are sent, but we don't have specific information about exactly who's using it. it wouldn't surprise us if political operatives were using it. if you think about it, you know, the people who are great constituents for confide are those who communicate sensitive information as a matter of course. so you've got lawyers, journalists, exec teams, boards of directors, hr officials, celebrities, political operatives regardless on which side of the aisle certainly fit into that category. neil: all right. snapchat, as you know, is going public. you're not public -- >> correct. neil: are you entertaining it, or are you looking at snapchat and saying we'll see how they do? >> we're a 3-year-old private company, we're venture-backed -- or. neil: you must be looking at this and seeing it's going to -- >> of course.

we also looked at the what's app acquisition and said that would be terrific as well. neil: okay, so you're waiting see that. again, in government you wouldn't be able to discern when you keep track of how many customers, you can't discern whether some are in government or at the white house or in the senate, right? you just know -- >> we know that people are using the platform, we know how many they are. we don't, again, have a ton of information about exactly who's using the platform. neil: all right. what do you think of the snapchat thing? apples and oranges, i know, but a lot of fuss with that. >> you know, i think it's a real coin toss. anytime you've got 140 billion people using it 18 times a day -- neil: can you quantify how many use yours a day? >> again, on an aggregate and anonymous basis, we know how many messages are sent on the platform and how many people are using the platform. but one of the things i want to hit here is this is just like the way conversations used to be. if you think about throughout time, the spoken word has allowed conversations to be

private and disappearing. these words just disappear. neil: you're right. >> with the advent of digital communication, everything got flipped on its head. we think that's crazy and dangerous particularly for sensitive information, which is why we created confide. neil: especially those international leaders -- >> we're in 15 languages, 180 countries. actually, the u.s. only represents 40% of the business, so the majority of the business is international, and we think that speaks to the global need for this product. neil: yeah, everyone is worried about it. john, thank you very much. watch this closely because, i'll tell you, that's half the problem. once it's out there, can you get rid of it? that's what everyone's worried about. all right, we've got the dow, it's worrying some who wanted to see day number 11 of gains for the dow. in some jeopardy, but we still have about three hours to go. now, that's all i told you. erase that and omit it from your memory. ustom alerts for all the things that are important to you.

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neil: all right. down about 34 points on the dow. to adam shapiro now with what he's hearing as to whether a very key string of victories could be stymied today. what are you hearing, adam? >> reporter: well, the traders wanted to hear details from president trump, so when you talk about the fact that the dow right now is off about 37 points, you've got to also look at where we've been since we hit 20,000. that was back, what, january 24th. we're up something like 4.8% since that moment. and be some of the stocks which are pushing the indexes higher, i mean, apple -- although there's a little bit of an issue today -- apple's been up 13% since the 24th, cisco systems up 11. boeing hit an all-time high yesterday after they announced 31 aircraft, mostly 737s, five 787s, they're up almost 11, pfizer up almost 10%.

stocks which are pulling on, for instance, the dow. goldman sachs down about 1.4%, and jp morgan chase also off today. exxonmobil down almost a full percent as well as chevron, down about a quarter percent. neil, as i wrap this up, they wanted details whether it was on the border adjustment tax, whatever it was going to be, and they still haven't gotten that. now the traders are looking towards the speech to the joint session of congress. neil: you know, i'm wondering if the tax thing is delayed, and we keep talking about that, anything that could disrupt this market momentum here. they don't seem to care. one argument i heard, well, better delayed than denied. so they seem to be bracing for that, but this could be pushed back as long as they don't cancel it. >> reporter: the one trader that i was talking to before the president's speech to cpac said to me, look, adam, my clients are not paying attention to the immediate tax reform discussion. they're paying attention to 2018, and they're trying to

position themselves in 2018 based on the facts on the ground today. and the facts on the ground today are the current tax codes. they're not happy about it, but that's how they're making their decisions. neil: thank you very much, adam shapiro, on the floor of the new york stock exchange with the dow down about 40 points right now, but we still have a little over three hours. we shall see. all right, well, it's one thing to be a big deal at cpac and essentially run the place, it is quite another to introduce the president of the united states. that man on the left did, and he's here. >> when matt called and asked, i said, absolutely, i'll be there with you. i mean, the real reason i said it, i didn't want him to go against me, because that -- [laughter] that one you can't beat. so i said absolutely. and it really is an honor to be here.

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more simple and much more fair for everyone including the people and the business. [cheers and applause] neil: all right. so the president still committed and telling the cpac crowd he is very much committed to making good on a promise to dramatically lower taxes across the board. to "the wall street journal" wealth reporter, veronica dagger, she joins us here, and we've got jack mcintyre, john layfield ao. john, he has not given up on that, that we hear these, you know, delays that are possible, repeal and replace obamacare, that might push this back, but still it's on. do you believe that it's on? >> i certainly hope it is. steve mnuchin came out and said that it would happen by august. so, look, the market was -- believes that this is going to happen, to obviously. the market was flat from

november 2014 to november 2016. the only thing that changed was president trump was elected x the market believes that especially the corporate tax reform is coming, and i believe that's why the market is up so much right now. neil: veronica? >> you know what? there is a lot of people hoping this happens, but the fact is it's very much a divided republican party. president trump and senators and folks in the house are saying different things potentially, we haven't heard a whole lot of detail from the president, and the fact is they have a lot of franks frankses they need to bring -- factions they need to bring together. one of the big sticking points is this border adjustment tax, however, there's some folks, some senators that do not like it. but the thing is if you drop that from the house plan, then what? what are you left with? how are you going to pay for the other tax cuts? it's a big issue that hasn't been dealt with, and we're going to have to wait to see what happens. but the august timetable is pretty ambitious. neil: you know, jack, i think

there's going to be a battle other whether you pay -- over whether you pay for these tax cuts at all, and there are some who say use dynamic accounting, you're going to get a lot of revenue coming in and others who say, no, no, the last thing we want to do is get deficits to get worse presumably before they get better. but i think that will be the battle, and it will be among republicans. and that is what the real debate will be. what do you think? >> yeah, no, i agree. i think you nailed it because i think there's going to, certainly, we're going to reach some kind of tax reform, but is it -- what form is it going to take? simply lowering rates? is it going to blow up the deficit? i think this raises uncertainty regarding sort of financial markets, and i think bonds are probably a pretty good buy-in here because the sequencing, when is this actually going to have a flow-through, positive impact on the u.s. economy? mnuchin yesterday said it won't

happen until the end of 2018, so sharply -- neil: well, i think he was referring to the soonest that you could feel the impact of that. and you're right about that. john layfield, if that is correct and what jack mentioned about bonds being attractive in such an environment, i guess -- i don't want to put words in jack's mouth, but the lackluster type of growth will continue. that would be beneficial to bonds. what do you make of that? >> i think it's a lackluster -- the lacking luster continues. corporate profits were essentially flat too, and they still essentially are. the problem you have is say when ronald reagan, the s&p was up 8% in november when he was elected, it didn't reach that again until 1982, so there was that lag until you had structural reforms, and that's what people are wondering with president trump. this optimism that has come out, are the structural reforms going to happen in time to spur this economy and justify this run?

if they do it this year, especially the corporate tax, that's the one thing you can get done,s that is bipartisan. i would drop the border adjustment tax, but the corporate tax, if you do that this year, i think the market continues to run. >> you can't really do that, though, because if you ignore the consumer, these are the folks that put him in office. it's very politically dangerous for the president not to address the individual tax rates -- neil: i don't think he will. i think when all is said and done -- i agree, veronica. real quickly, from your vantage point, the wealthy might be grimacing out of steve mnuchin's comments that they themselves might not see a net tax cut. now, he dialed that back a little bit in interviews, but i'm wondering whether they realize that or fear that the tax cut -- and it it would be ag one, down to 33% from a rate of over 40% if you include obamacare surcharges -- if it's, you know, balanced out with limiting their deductions and etc. so that they might not see something so big. >> that's possible. a lot of the wealthy i'm

speaking to and their advisers, though, are taking a wait ask see approach. they're not ready to make any moves yet in terms of their estate planning, they're not ready to make any big charitable moves either because they're just not sure how this is going to shape up. who knows if this is even going to shape up in 2017. i think there's a lot of people hoping for that, and if it doesn't happen in '17, 208's going to make it even harder because of elections. i think people are taking a wait and see mode, and we'll see what happens. neil: you know, there is that delay effect, jack, hence your interest in bonds in the interim, but do you see that this still happens, it's not retroactive, that there's a problem for the markets digesting that? >> no. that part i don't think the markets will struggle with. i think it's just really the timing of this. because, you know, one of my points liking bonds and treasuries in particular is that, you know, the dollar has surged, yields have moved up significantly --

neil: true. >> those are things tightening the u.s. economy today in anticipation of these things that are going to help growth. but, again, it is the timing. is it a late 2017, 2018? i'm not saying anything about, you know, recession. i just think these animal spirits might take a little bit of a breather, and the economy might slow down a little bit here. neil: yeah. guys, i want to thank you all very much. all right, you've obviously seen president trump delivered an address at cpac. that's something you don't see often times, and this guy made it possible. matt schlapp is the american conservative union chairman. viously, matt, you can call up anyone, including the president of t united states. first of all, he'll answer the phone and talk to you. but -- [laughter] when you got him to speak, i mean, it was a year ago that he passed up the opportunity, and there were many in that room, maybe the same folks, who were leery about it. there were other candidates they liked more. >> yeah.

neil: but they eventually rallied around him and all. what was it like today? >> wow. you know, you never know. it's a pretty electric room, neil, and, you know, there's people with different opinions and some boisterous voices, and i just -- they were this unison just very excited. and i think what i tried to capture in the few brief seconds i had on stage was just to say i think what's uniting conservatives is this whole question about conservatives and populists and the state of the conservative movement. i think that the theme that unites them all is the idea that this guy fights, and he fights for the things he cares about. when you fight, yeah, it can get bloody and sweaty and dirty, but he fights. neil: you know, seeing you there with your wife, i'm thinking, you know, maybe rather than host an event, you run for something. [laughter] >> i don't know, you know, we got those five little girls, neil, and a lot on our plate. but we do love politics.

it's something my wife and i have in common. we met at the white house, we met in richard nixon's old office at the white house. we worked for president george w. bush. it just runs through both of our veins. neil: all right. i was just trying to pin you down to see if you were going to quit this. [laughter] so now i want to get a sense did this conservative battle that's going on -- and battle might be too strong a word. i don't want to be like the mainstream media here, but i had a feeling that there's a battle for the soul of the numbers crunchers going on in the republican party, those that want to make sure deficits don't get worse, they don't go spending like crazy, infrastructure be damned and cool it, mr. president. and then others who say you get big tax cuts, comprehensive tax cuts, they're going to pay for themselves down the road, everyone take a chill pill and get on the trump train with these big tax cuts. but this is a division there -- there's a division there -- >> really, there is. neil: -- what do you make of that?

>> well, conservativesike me don't ke the idea of, quote-unquote, paying for a tax cut. we believe that congress actually and government doesn't get it right when they think about the economic consequences of their policies. they don't realize the negative impact when they pass on these regulations. it's never accounted for in the way they look at the budget impacts, and you know this, neil, because i watch you day after day. if we don't get the economy going and these companies don't feel like they can invest all this capital, including the capital they have overseas, we will never get this thing going. so i like the idea of throwing away this idea of paying for a tax cut and actually putting the tax policies in place we need to run, with the biggest -- be the biggest engine in the world's economy. neil: you know, matt, it's just coming from me, i thought the president spent way too much time ripping the media. he's well within his right, they have not been fair to him -- >> right. neil: i see it all the time. if you want to go after him about some of the problems, have at it.

but they ignore the $3 trillion of added wealth in the market, perfectly valid in making that argument, but he's, i don't know, i feel like he's just got to let go of this and just move on and focus and leave it alone. what do you think? >> i think that makes a lot of sense to me, neil, but i do think the crowd kind of egged him on. he was going to talk about it -- neil: you're right, they do. >> you know, conservatives do feel, they feel put upon, you know? they get called deplorable, they feel like they don't get their voice respected in our major institutions, and when they turn on too many television channels and pick up too many newspapers. so there's a real angst. that goes back to the fighting thing, neil. they love the fact that he's taking on these big institutions that usually dismiss coervatives. it's why they love him. but i agree with you, it would be better to simply focus on this agenda because this agenda, man, this is the thing that's going to turn the country around. neil: my view on this, matt, i just want to let you know that the market's up $3 trillion

since i was elected. i just want to let you know that i've got -- >> right. neil: -- every major fortune 20 ceo committed the hiring more workers in this country and leave it at that and just say i don't know if that news gets out, but i thought i'd share it with you and then move on. >> yeah. well, maybe there'll be a detente here with system of these outlets if they actually start covering it, you know? neil: yeah, you're right about that. always good seeing you, matt schlapp, american conservative union chairman. all right. we have a lot more coming up including investors closely watching the president and really on tax reform and big tax reform. and it happening sooner rather than later. after this.

neil: all right. the very latest on the market, down about 52 points. i don't know anyone who follows or has a better historical perspective -- maybe because he's so much older than i am -- [laughter] is charles payne. what are you laughing at a there? charles, very good to see you. >> thank you. neil: you know, everyone hearkens back to some period of time, this market streak the longest since we had in early '87. consequential tax reform, the last time we had it, in '86. so everything is a generational event. but we have known from these events that they don't pan out

the way, often times, markets like. or immediately what they like. and the tax cuts are a good reminder. the bang you get for the buck sometimes can be delayed. >> it can be delayed, but because we know the outcome of history and we know the desired outcome that we have right now, it changes a little bit. in other words, the market or the street can handle the notion of tax reform or tax cuts being a little bit late. i think more importantly or more critical is whether or not the gop can get their act together with this white house. neil: i'm wondering about that. >> yeah. i think that's more of an issue than whether it happens in august or, listen, steve mnuchin was pretty clear. the big financial bang from all of this happens in 2018 and the years after that. so i think -- neil: that is a crucial point. and the big financial bang we got from the reagan first wave attackings was -- in fact, it

wasn't felt be, which is why the republicans lost the midterm that year, lost 26 seats. if he's right on that, we don't feel the impact, is it his way of saying, you know, markets, you might be getting ahead of yourself, or what? >> no, i think he was pretty happy with the idea that the market was a pretty good scoreboard for this white house and that the market understands, because it's a forward-looking mechanism, and it will discount the idea that, listen, this whole notion that we were going to cure the world in 100 days was misplaced. but, so i think it was saying the rally is justified because the rally understands that this white house, ultimately, will get through all of its agenda. but there are some people out there who are concerned. and i'll give you a good example. yesterday there was some scuttlebutt on the internet that infrastructure would be pushed out to 2018, maybe even long every. neil: right. >> and the folks who put it out there had fun with the white house saying they said it was logistics, but it was really inability to come up with the money. and we saw u.s. steel and all these major construction names get hammered

neil: that's true. today at cpac when president trump started speaking, those names turned around. i'm not sure where it is now, but u.s. steel came up two points off the low of the session. but you've got to remind the street, you know? we're at that point where the markets has rallied enough that we've got to be reminded that these things are going to be done -- neil: well, let me ask you this, and you deal with young investors a lot. you and i chat about this often, but you give very good advice, and it's usually calming advice. so many of us around here work with young people, i find be it annoying -- [laughter] to a man or a woman, they'll come up to me and say, neil, i see these markets on fine fire. i want in. you know, it's after this incredible runup. and, you know, what do you tell them? because if you're just getting in now, you've missed a great runup. >> i don't mind them wanting in, but i do mind them thinking that they're going to catch up with everything they missed. [laughter] hey, you know what?

neil: what do you tell them? >> i tell them, listen, don't get in unless you really, truly want to make this a lifelong endeavor -- neil: when you say a lifelong endeavor, you know our friend ben stein says you can't beat the market averages, mutual funds, what have you, and maybe over time stick with it that way. what do you think of that approach? >> i don't have a problem if you don't want to do your homework, you know? but i think the average person out there, the average woman out there who used to shop at coach and then she started shopping at michael kors like six years ago knew the trend a year or two before wall street knew about it. and then when she stopped shopng at chael king ors and knew about the tre a couple years before wall street knew. what i'm trying to say is most people understand more about what drives the market because they are actually make it happen, but they don't have think confidence in themselves to act upon that information in part because wall street has spent the last hundred years

telling us that we're dumb, you know? so we're intimidated. neil: you really have a peter lynch mindset, right? if you see a crowded parking lot, maybe look at the store that's doing that. >> my favorite tweet this week was me and my granddaughter on my shoulders, and she made my clients money again this week, carters. the kids' clothing company. neil: yeah. >> the stock is up almost 100 since she was born, and more recently we went and shopped for some clothes, and i really loved everything again, and i saw it, looked at it again, carters is up huge this week. the last stock she did that for was with disney. remember they were getting hit on the espn concerns? we had a four-year birthday party for her. when mickey and minnie came in and i saw those kids, i'm like, forget about what they're losing on espn, they've got a future here. it's 110 now, we had people buying in the 70s. so, again, it gets back to the pete perlin. thing, what's -- lynch thing, what's around you, what do you

see. through my granddaughter -- neil: she's 4? >> she's 4 years old. neil: and she famously said don't short this -- [laughter] >> she actually calls me papa. neil: really? >> yeah. neil: first of all, i can't believe you're a grandfather, secondly that she takes her advice. >> i take hers. [laughter] neil: so at these levels, kidding aside, you see no reason to get alarmed, but you don't go day by day, right? >> i don't get alarmed. what i'm seeing today, in fact, is sort of there's some anxiety, to your point. so what i'm seeing the last couple days are stocks that have had a bad go of it, if they had any good news, they're being rewarded. i'm seeing selling in tech stocks, restoration hardware, it's through the roof. foot locker's been struggling, they had a good earnings report, let's buy it. we do see the big money seeking value from these companies --

neil: but you not alarmed that some of these stocks and the aggregates in general have gotten pretty pricey by his odor call standards? >> it's true they've gone up, but so have earnings estimates. 400 earnings in earnings season so far, 9 out of 11 sectors have seen accelerated growth in the industry since december 31st. so in other words, stocks are going up, but so too are earnings and so too are the growth of these industries. neil: you don't get those tax cuts, some people are going to say a lot of that earnings projection, that won't be -- >> well, what's happening do,.-- >> why do we want tax reform? we want to unleash something in this country. by the way, that's already being unleashed. the self-fulfilling prophesy is already starting to happen. neil: interesting. your granddaughter has you with regard, doesn't she. >> >> oh, my god. neil: i need more clothes. >> she says papa, that's it.

took her for her first ice skating lesson, i'm over this with tears in my eyes, and she's falling everywhere. neil: i had the same feeling when i took my kids for their first ice cream. [laughter] charles payne, he has the passion. i tell you, aye known this guy for years, he lives it, breathes it. same way on the air as he is off the air, which is aknowning, frankly. [laughter] did i tell you what la pen is doing in france? i don't know what the french word is for destroying liberals. why did i use that accent? i have no idea. more after this.

>> i call the fake news the enemy of the people, and they are. they are the enemy of the people. [applause] because they have no sources, they just make 'em up when there are none. they're very dishonest people. in fact, in covering my

comments, the dishonest media did not explain that i called the fake news the enemy of the people, the fake news. they dropped off word "fake." neil: all right. president trump continuing to rail against the media, he spent 12 minutes opening his remarks today to cpac doing just that, but it's not just in this country, it's a worldwide phenomenon, nigel farage says he's seen it where he is. he's speaking to cpac as well. but, nigel, this is part of a global sort of a press that's not too keen on a conservative movement. >> oh, that's absolutely right. in fact, i addressed the other day in copenhagen the 28 biggest broadcasters, and they're all behaving like many american broadcasters. they're just not, they're system my not prepared to accept that brexit happened, that trump happened. they kind of want to turn the clock back. and what they don't realize is

they're losing viewers, they're losing listeners, they are losing this battle big withtime. and i'm pleased -- bigtime. and i'm pleased that the president is not afraid to stand up to them. neil: do you ever think, though, that a diminishing return, ah, the hell with them, i'm going to keep focusing on stuff that'll really rattle that same media, hi success and my accomplishments will speak for themselves, people will feel it, see it, know it, and these media guys will have to just deal with it? >> yeah. e yeah, no, i do buy into that. i think he probably has said anytime it enough now. there is nobody living in america that is confused about what trump thinks about fake news and certain media organizations. you're right. the host powerful things trump saided today were where he said, look, i made you a series of promises in this campaign, i intend to implement them. and if you think about it, we've all lost faith in politicians because we feel they lie to us in elections.

here's a man who's putting it into place, and i think for democracy that's very refreshing, indeed. neil: you know, it's hard to extrapolate there polls that change and get updated, but we are noticing in france la penn continues to make inroads here, and there does seem to be a sense that this conservative onslaught, populist wave, whatever you want to call it, will continue. be -- or how much does it depend on the success that president trump has? >> oh, it matters. it matters how trump does, it matters how the brexit process is deemed to be. look, i'm in no doubt. i think that 2016 was a global political revolution, and it wasn't the end, it's the beginning. and that revolution will roll out across europe this year. even if la pen doesn't win, what she will do is shift the center of gravity in terms of the whole european debate in france. this is not over by a long, long way. you're going to see many more

big key victories -- conservative victories over the next few years. neil: just your thoughts, finally, on this issue of tax cuts here, very big in this country. might get delayed but they're not going to be denied. how integral is that to this can conservative wave of not only disentangling government, but disentangling taxes? >> well, you know, it has always been basic, fundamental conservativehilosophy to try and tax people alittle as you possibly can, and that applies to the individual. but i think the really big win here is that there's something like $2.5 trillion of u.s. company profits sitting in bank accounts all over the world doing nothing. and if trump can get the corporate tax rate down to a reasonable level, then the opportunities for vast sums of money to come back into america, to create more jobs and maybe to help with infrastructure too, that, i think, an absolute win/win. neil: all right. thank you very much, my friend.

always good seeing you, missouri missouri -- nigel farage. he started the brexit thing and everything else, it actually started with him. all right, we have a lot more coming up including a read about all this talk about replacing obamacare, repealing it, coming up with something here. a lawmaker who has to play an integral role to make it happen, after this. ♪ ♪ [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade.

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>> i tell paul ryan and all the folks we're working with very hard, dr. tom price, very talented guy. [applause] but i tell them from a purely political standpoint, the single-best thing we can do is nothing. let it implode completely. it is already imploding. you see the carriers are all leaving. i mean it's a disaster but, two years don't do anything. the democrats will come to us and beg for help. they will beg, and it is their problem. but it is not the right thing to do for the american people. neil: all right. so the president making it very clear if you're going to repeal obamacare you better come up with a replacement. republican congressman mike kaufman where he stands on that. congressman, are you in that camp then that says, whatever we

do, repeal and replace simultaneously? >> it has to be concurrent. a lot of people are very scared right now, what congress will do, we will repeal it and search for a replacement. and in the meantime, people will not have access to health care. so i'm of the school an republican leadership is of the school, in the house, that we will not repeal anything without a concurrent replacement. neil: that is probably the way it is going to go but i assume by that it is not even close together or weeks or months apart? it would be repeal vote, coupled with a replacement vote? >> no. i think it will be, one of the same packages. neil: gotcha. >> it is going to be concurrent. so we're, we're going to do budget reconciliation first and move all the taxes, spending parts of obamacare. then the trump administration, dr. tom price can move forward with executive action. so we're going to move and move quickly in march.

neil: now separately as you know, sir, treasury secretary steve mnuchin hasn't indicated that an august development when we get the tax cut thing going, i assume what he is saying by that there is agreed to tax-cut package, one presumably take 7:00 to 3:00 rates, cut the corporate tax in half, et cetera. i don't believe he think he meant to vote it on it and, i miss something? >> the goll for the house to have it done in august? neil: really. >> i hope we can do that, using budget reconciliation it has to be revenue neutral. that is certainly the goal to provide relief for this economy. by the time we go home for the august recess, the affordable care act will be done and tax reform will be done. neil: all right. now, the appeal of using reconciliation process i guess you just need a majority of votes, especially in the senate. so, it solves a lot of problems

there, but again there is also the thorny issue of being revenue neutral. i talk to some conservatives on this show, congressman, it really doesn't. don't treat a tax cut as same as spending. what do you think of that? >> first of all we have to do obamacare first because there are so many taxes in it and so to establish a baseline, so that we can do, meaningful tax reform, pro-growth tax reform to move this economy forward, i think it has to be revenue neutral. neil: congressman, i don't mean to interrupt you, ohio governor john kasich arriving at white house, meeting with president trump. >> all right. neil: there is a difference who arranged or asked for the meeting. the governor is a noted critic of through donald trump. each said the other did. this is to continue fence- fence-building and mending the president has been engaged in? what do you think of that? some are trying to make efforts to try to get along with the new

administration, even within the party. hasn't applied to john mccain yet but how do you see that effort going? >> i think it is very important that we work together. and so i think it is so important for whoever called the meeting that is irrelevant but the fact they're meeting. the fact they're talking, above kasich is a governor of a major state, ohio, so i think it is important that he has got a working relationship with the president to do what is best for the people of ohio. neil: back very, very quickly on the tax thing and everything else, one of the things that treasury secretary mnuchin the impact for that, how you feel about that wouldn't be felt for a while. maybe an end of 2018 development which by which time we would be through the midterm elections, that it could, could, cost the power in power some seats. certainly happed under ronald reagan. wouldn't be unusual. in fact it is more usual than unusual. what do you think of that? >> well i think historically whenever a party, party has all

the levers of power in washington, d.c., house, senate, and the white house, there tends to be pushback in the next midterm election but you do big things early and sometimes there is blowback to those big things. but we have to do what is right for the american people and what is right for the country. we have to get the economy moving. you're right, there is usually a delay when you pass pro-growth tax reform and when you see the impact on the economy. neil: congressman coffman, thank you for the time. have a good weekend. >> thank you. neil: one thing for the president to speak to a crowd like at cpac, a largely conservative audience, very much the choir, if you will, very eager to hear from the preacher. very different when the president addresses joint session of congress and divided congress. you how do you think that will go? we'll have fallout from that big

event and i had concluding a chat with the treasury secretary steve mnuchin, and numbers the president will spell out that night and the impact they will have after this. when heartburn hits, fight back fast with tums smoothies. it starts dissolving the instant it touches your tongue. and neutralizes stomach acid at the source. ♪ tum -tum -tum -tum smoothies! only from tums

neil: all right. next tuesday the president will be addressing what is a very divided congress right now. of course it is under republican control, but there ia lot of democrats to sit out a lot of stuff he will say. a lot of republicans, once who are concerned about deficits getting worse, who might not be keen on infrastructure plans he might be poised to announce that very night. we're there for that event. the faout from that event, to the federalist reporter, how this all goes down. what do you think, brie? >> i think it is clear congress hasn't indicated will try to make the event about themselves as much as possible. democratic lawmakers will use their plus ones, to bring individuals attention to things

that have been controversial like donald trump's must lynn ban, right? i think the best thing donald trump could do next tuesday ignore all of the drama queens sitting in front of him and try to make friends with the people who he can't make friends with and roll out and emphasize priorities that he is going to have in common with republican lawmakers like repealing and replacing obamacare. neil: is there enough agreement there that you know, democrats will sit him out on a lot of this stuff, just like a lot of republicans sat out barack obama when he would outline his agenda but does he have enough support, especially from some of the more you know, deficit hawks out there in the republican party, to get a lot of this stuff through? >> yeah. well, that's the question of the hour, right? i think at the end of the day haters are going to hate and donald trump knows that. he knows the american people didn't vote for him because he will play nice with congress. he knows that people voted for him because he is going to stick

it to them, hey, guys, you're a bunch of feckless rats, you need to do things that americans want, americans want obamacare to be repealed first and replaced. if he hits on those issues and continually emphasizes that, i think at the end of the day he is not just speaking to congress but he is also speaking to the american people. i think that he can win the day by emphasizing that. neil: you know, bre, when you think the infrastructure thing isn't a priority of his or republicans want to just, i don't know, push it aside, that is probably too strong, that he mentions it again, he mentions it at cpac, and the very stocks, for example, that would benefit from that, u.s. steel and some of these others, caterpillar, do better. so they follow the fortunes that it would seem of this infrastructure talk. but again, i get a sense, listening to mitch mcconnell, the republican senate leader, the majority leader, that that's not going anywhere with him. >> yeah.

neil: so, play that out. >> sure. well, as a conservative i think the thing i am most worried about all this infrastructure talk, it is just going to be stimulus 2.0, right? so i think, there is a lot of people who feel the same way i do, and are very wary about the deal in general. so i think it would-be hoof the president to be more specific, hey, guys this is how it will not be like stimulus 2.0. this is how we make sure things get done and don't create a bunch jobs, air quotes, right, don't really end up end creating anything. try to win over members of congress say, hey, guys i have a better idea than what happened last time. it will not be a repeat of all the mistakes. when the branches of government do fight with one another and in view of pushbacks from republican congressman, we don't want another stimulus, i think

at is a very good thing. i like when all branches of government fight with each other, that is the way our government was designed. as a voter, seeing this tension, i'm happy about it. neil: quickly, when the treasury secretary outlined the timeline for tax cuts, that would be an august event, i as walls confused, does august mean get it out of the white house and here is the proposal? no, he apparently meant whole thing voted on approved and done. only debate when it is effective, but what if that is pushed back further? what if it is not a retroactive event? are we just sort of grasping at boring details here? what do you think of that? >> i think there is a lot of confusion just surrounding that whole thing. it will be interesting to see the way all that gets done. i think if we, you know we're one month into donald trump's presidency the i think it is clear he likes to get things done a lot quicker than othe presidencies. so i wouldn't be surprised if it

was all done in the timeline he is signaling they want to get this done but i think there is a lot of time before then and there is a lot that could happen. so i think we're just guessing at this point. neil: you're probably right. bre, that he, very, very much. i put much greater stock in you guessing than my guessing so thank you. neil: mean time the dow is down 51 1/2 points. if this doesn't hold, it would be the first down day for this market after 10 up days in a row. we'll keep an eye on it for you. you can't predict the market. but through good times and bad... ...at t. rowe price... ...we've helped our investors stay confident for over 75 years. call us or your advisor. t. rowe price. invest with confidence.

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a reverse mortgage could change your retirement, and your life. i examined my finances and i said, there is no reason why i shouldn't retire today. 10, 12 years earlier than i had anticipated. in the first year, mike's cash flow savings totaled $8,736. after 5 years, it will be over $40,000. it really is worth a call to find out if a reverse mortgage can help you too. call one reverse mortgage now and ask for your free information kit. neil: do you know in chicago homicides now which were already at record levels last year being outpaced in that sense this year. the city just had its deadliest day of the year. jeff flock in chicago with the very latest.

what's going on there? reporter: i come to you from an alley, neil, in the back of the yards neighborhood which is a home to memorial to the people that have been killed in gang violence in this neighborhood dating back to the '70s, '80s, '90s, another big spike. as you point out just this week, deadliest day the year after a tremendously deadly 2016. it caught the attention once again of the president today in his speech at cpac. listen. >> i'm also working with the department of justice to begin reducing violent crime. i mean can you believe what's happening in chicago as an example? two days ago seven people were shot. i believe killed. reporter: the president is absolutely right, seven shot and killed. authorities, neil, curiously

neil: all right, let's take a look at what's going on, financials are feeling the 1020, the groups that got us to this point where we had 10 up days in the dow in a row and that, by the way, could be in some jeopardy but anything having to do with it is feeling the pinch today. dow down 48, a little bit more than 48 points. we make a big deal of these things because the idea of ten sessions in a row, we haven't seen that since january 1987.

all the tax cut talk that seemed to be on and all of that. always a gift back is always an order. just passing that along as we talk ability the most significant tax reform since 1986, interesting comings and goings, john kasich arriving with president obama, -- president trump, there's been a back and forth on who asked for this meeting. kasich said that the president did, it did you want really much matter, they are going to meet. this would be their first one-on-one here. he opted not to go that. was very much against donald trump, saying it was a mistake, didn't even vote for the president. just left that blank. whether they're making nice here, this would continue a wave of republicans who are here who have problems with donald trump but are making amend now. hope spring is eternal as they

say. maybe they will come out, who knows, make a statement together or maybe governor kasich will. trish: if it happens, you know we are on ill, thanks so much, niel. president trump is meeting with john kasich, you saw the video of the two walking in or rather just kasich walking in. controversy of who initiated the meeting. they are meeting and this could be symbolic for some of the hurdles that the republican has faced recently. now, this meeting is coming hours after the president delivered a very powerful speech at cpac where he said there's a great movement that's happening in our country right now and that movement is all about putting america first. i ax trish regan, welcome to the intelligence report. president trump spending part of speech blasting the fake news