stuart: do you think it's a winner in the future? liz: i think it is nuts and that people will not do it and i think it is bad for mental health. stuart: disagree. people like me will adopt it at some point in the future. it will beuseful. liz: we'll never see you again. stuart: ain't that right, neil cavuto. it's your time now. neil: one quick thing i always noticing before this very illuminating segment, the woman who won the car, how long was she kissing the car? stuart: from monday until today. but they get a 10-minute break every hour for various functions. neil: myself i could see myself doing that for a subway sandwich. people don't know you but you have a big heart and you're cheap. what would stuart varney do? how long would he do something like that to get it for free? stuart: i'd do it for a

considerable period of time, but in the back of my mind i would think, if i win, do i have to pay sales tax for a carthay won? the answer is, yes i would. i probably wouldn't enter. neil: i thought you were saying tax cuts weaving into that. good stuff as always, my friend. all right, in the meantime, sometimes things happen that bear a remarkable coincidence? have you heard about this, there is asteroid barreling toward planet earth! it is asteroid 2014-j025. the size of the rock of gibraltar. six nfl fields. six times brighter than the moon. it illuminates itself, this occurring within one mile, one million miles of planet earth. four times the distance from the moon to the earth. it will be streaking by us, at

the exact same moment tax cuts are going nowhere. coincidence? i think not, america. welcome. i'm neil cavuto. you're watching fox business. where if it matters to you even marginally, it matters to us. we're looking to the heavens. we're getting more progress there than anyone in washington on this terrestrial battle over tax cuts that seem to be delayed and delayed and delayed. we'll maybe get the latest from sean spicer conducting his briefing a little earlier today, just a few minutes away, ahead of that. strategist noelle nikpour and congress of racial equality activist, nigel innis, both wonderful people who look to the heavens for some guidance coming to tax cuts. niger, i don't see them materializing. i'm worried about that. what do you think? >> i'm worried too. the president has a very powerful coalition made up of economic nationalists, limited government conservatives, tea party activists if you will.

the thing that unites them more than anything else is tax cuts and tax reform. this president came into power because he said he would drain the swamp. there is nothing more powerful of draining the swamp the lobbyistses special interest loopholes that exist and lower rates so we have dynamic economic growth. i don't think it is too dramatic say his presidency rests on getting this done about it end of his first term. neil: does he know that, noelle? does his staff know that? do republicans with the rare run of the table know that? >> neil, this is very big. this is not only one much his promises but this could affect upcoming races which is par bigger than president trump. this could affect the house, the senate but the thing you really want to look at here where republicans are divided. one of the things they're divided on the bat, border adjustment tax.

if they get that worked out, they're going to have to come together and pass something. one of the things that brady, you hit on your show a while back, brady said something very key. mnuchin said we're looking at an august timeline roughly but, what brady said, he said, you know, who cares about august. we have to get this done in 2017. i think that he is right. 2017, i think that the markets are dependent on this. i think corporations and most of all, trump's base, the voters, they need the simplified tax reform code, they need this, everybody needs this in 2017. the republican reputation on the line for this. neil: i don't know. i worry about it, because when i did speak to kevin brady, the house ways and means chief, pick up, if you will, here, some frustration in how this process is going for the guy who is leading the charge in the house.

this is kevin brady with me yesterday. niger, if you can respond to this. secretary of treasury mnuchin seems to indicate the august deadline has to be pushed back. is it? >> so, i haven't talked to secretary mnuchin about the specific month of timing. and look, it has been a generation since we fixed this broken tax code. we probably ought not to be focused on the month but the year that it happens which is this year. neil: all right, i should add, niner, yesterday at this time this asteroid wasn't even a threat. after that interview it moved perilously close to earth and now whizzing by our planet by a million miles. again i don't think it is coincidental but your thoughts? >> i don't think so either. we're hoping we miss it by just this much. but look, i think, you know, these guys wanted to go for the big home run of reforming obamacare. obviously that did not work, but if you can't get the

metaphorical home run, you should at least get a couple of doubles, a couple of singles. the trump administration, the republicans in congress, need some victories badly. i think, you know, i agree, the border adjustment tax is a little controversial and kind of splits up the president's coalition. on the other hand, getting rid of arcane tax laws like the amt, and other, getting rid of other loopholes that we know are nothing more than lobbyists special interests generated, could bring a great deal of success if trump can get that done, if not by 2017, at least before the 2018 midterms. neil: well, i mean if you're not getting this in 2017, i mean you can try in 2018. good luck with that. noelle i would like to be pleasantly surprised. neil: i do wonder, i'm sure it comes up in the briefing, supply-siders like larry kudlow and many others who were arguing

for more dramatic action, and just saying, look, we need to do, as art laffer pointed out in the same piece today, not overthink this, not overanalyze this, not look at ways for paying for this. it's a tax cut. do it. be big, be bold. it will be a gift that keeps giving and provide all the revenue that will provide a big jump to the economy. it might be a tough sell to people but it shouldn't be tough sell to republican-run washington, should it? >> you know, art laffer, steve forbes, steve moore, larry kudlow, these guys are the champions, and republicans -- none of them, none of that view is represented in the white house. that is what concerns me? >> yeah but you know, a lot of people, hopefully, democrats will see this too, deeper tax cuts can also, you know, resort in helping infrastructure. i mean there is a lot of benefits to a good tax reform policy. so it is beneficial we get this through.

especially we've got economic growth in the u.s. of, i think, you know, 1%. neil: it will be under 1% now. >> this is very crucial, you know, for everybody, not, just for rich, for poor, for middle class, a lot of middle class, working man, these people voted for trump. a lot, some of these reasons were for tax reform. neil: thank you both, very, very much. emails flooding in fast and furious. one viewer said, cavuto, there is no connection between this asteroid and the tax debate. oh, really? prove it. i love when people -- all right. georgia right now, headed for an election, runoff here because the democratic candidate, only one, just shy of 50%. donald trump taking a bow for that, despite major outside money, media support and 11 republican. big runoff win in georgia, glad

to be of help. "the hill"'s whether democrats overplayed their hand. runoff is coming up, but things could change, harder for a democrat facing one single republican, rather than a dozen to pull it off, but he is polling fairly well. he has a two-point lead. how do you think it will go. >> it is trending well for democrats but still an up hill battle this race is for republicans to lose. i think key data to look at here, barack obama in 2012 lost that district to mitt romney by 23 percentage points. hillary clinton only lost it to donald trump by 1.6 percentage points. and the other happy data for democrats is that the candidate was polling at 46%. he wound up winning 41%. so he actually outperformed the polls. yes he didn't reach magical 50% mark to avoid a runoff.

he is trending in the right direction. the gop, more broadly speak something not trending in the right direction, because what you talked about earlier in the show. failure to get things done. neil: i thought you were talking about the asteroid which is, you know inextricably linked to what is going on there but i do want to get your thoughts, alex, the president taking a bow for this. many critics are saying, republicans were in this near miss because of you, and what is going on in the antics on the hill and collective view that the republicans are in over their heads. what did you think of that criticism that came immediately? >> let's go back to the november. i mean trump won that district by 1.6 percentage points. so it has become a very competitive district. bottom line. and, the democrats are more energized. we knew that already. and that is reflected by the fact that the candidate outperformed the polls, 48% instead of 46% in the polls. that shows -- neil: kansas race ended up being closer than normally the case.

went six points. democratic candidate was not getting much help if any from the democratic national committee. they might regret that move this race came close. it could still go democrats way. let's say it doesn't. are these signals the kind that bear out in the next midterm election? >> i mean i think republicans are very concerned about the upcoming midterm. neil: sure. >> history shows -- neil: enough for two dozen seats to flip? >> well, you know, i mean, people say that this has the hallmark of a wave election. let's think back to 2010. this point in 2009, democrats did not think at all they were in danger losing house. they were very confident going to pass cap-and-trade, health care reform. neil: that is very good, glad you mentioned it. those who say that can't happen, there is precedent where that stuff did happen. it is still early. i think if the president, whether you like him or not, he needs a big achievement.

presumably rework of obamacare that is, you know, not going to leave a lot of people stranded. and that tax cut would do it, but he doesn't have either yet. what do you think? >> well, the problem is, because the party right now is being torn in two different directions. do they try to do health care reform or try to do tax reform? health care reform is still on the table you will not make any progress on tax reform. that's the problem. the question, is it worth reviving that debate? seems like a no-winner, at least, some republicans on the hill, we can't win this one, let's move ahead, but the base, freedom caucus, look, you made a promise, stick to it. really tough position for the gop. neil: alex bolton, "the hill"'s staff writer. really good at this stuff. i do appreciate that. you notice he eschewed the interstellar developments happening as we speak, including a asteroid a stone's throw of planet earth of a million miles which i'm told that stone's

throw from your next door neighbor. i have seen some of the portraits, looks like a giant liquid. many likened it to "aladdin." i have not. i could see where that comes from. this is a stop chart next to it, when is good opportunity to buy and sell this thing if when it hits the earth. no it is not. i'm amazed by people still writing saying there is no connection between this and the tax cut! two words, america, prove it.

>> we'll speak, via video conference with the commander of the space space, peggy whitson and her fellow astronaut jack fisher. in 2008, dr. whitson became the first woman to command the international space station. on monday she will break the record for the most times spent in space of any american astronaut. the president joined by his daughter, ivanka and nasa astronaut kate ruben, will congratulate dr. whitson on this incredible accomplishment and discuss the importance of encouraging women to pursue careers in stem fields, science, technology, engineering and math. as you're all aware in addition to signing the nasa transition,

in addition to signing the nasa transition authorization act the president also recently signed the inspire women act which insures that nasa continues recruiting women for important stem-related jobs in aerospace. and an effort particularly important to this president. we're working closely with nasa and the department of education, to make this conversation available to classrooms throughout the country. the department of education will be providing tools for teachers to build lessons around. this conversation between the president and these two outstanding americans who are orbiting 220 miles above their heads. the call will air live on nasa tv and stream on nasa's website and facebook page. while we're on topic of upcoming events i would like to note that the president will welcome palestinian president abbas for a visit to washington on may 3rd. they will use the visit to reaffirm the commitment of the united states and palestinian leadership to pursuing

ultimately concluding a conflict-ending settlement between the palestinians and israel. we'll have further guidance on the visit as we get closer to the date. in terms of additional announcements the president will give the commencement address at the cost guard academy in new london, connecticut, may 17th. as we go closer to the date we'll continue to provide updates. moving to current events the president signed an important piece of legislation for our nation's veterans. the veterans choice program extension and improvement act eliminates the original sunset date on the veterans choice program which gives veterans unable to schedule an appointment at a va facility at timely or convenient manner, ability to receive care from eligible, non-va health care provider. using fund already been appropriated for this program, this gives our nation's heroes the peace of mind they deserve while this administration works with congress to enact comprehensive reform and modernization at the va. the vice president is continuing

on his international tour today. on tuesday he spoke to 2500 servicemen and women on the deck of the uss ronald reagan in japan thanking them for their service and discussing the president's plan to rebuild our military. he then met with and delivered remarks to japanese business leaders and stopped by a youth baseball clinic before leaving japan. he is scheduled to land in jakarta, indonesia, right about now. we'll have further updates on his travels the rest of the week. this week is also national park week and secretary of the intier ryan zinke is currently in california meeting with rangers at five national parks. on monday and tuesday he was at channel islands national park where he led a class of junior park rangers. today he will visit golden gate national recreation area. since being sworn in on march 1st, secretary zinke met rangers at nine national parks. he will make it 10 outside of charlottesville, virginia next week. every american has had the

opportunity to participate in the celebration of our nation's parks. they're free of charge this saturday and sunday. anyone interested in finding a local park or information go to nps.gov. nay moments ago the president announced that he will be holding a press conference next thursday to discuss the progress that is being made on behalf of our nation's veterans we'll have further updates on guidance for next week. with that, glad to take a few of your questions. john. >> reporter: couple of unrelated topics. georgia 6th congressional district, jon ossoff pulled in five or six points more than republicans thought he would have, lindsey graham says there is wake-up call with republican party, there is lot of moderates emerging in the south, republican part needs to pay attention to. i don't imagine that the outcome of the runoff is that much questioned but the senator graham have something there that republican party needs to pay attention to changing demographics, particularly in the south?

>> i think you know that based on my former position we talked about changing demographics and in throughout the country and making significant headway in doing that i think in large part that is why we won. we have been talking about how the republican party had won at so many different levels of our country but the presidency had alluded us. this president won 306 electoral votes, won 30 of 50 states. won 2600 counties. we did pretty well in november and we continued to pick up seats around the country at different levels. so i feel very confident about the state of the party. >> reporter: the fact ossoff came close50%? >> there was one candidate on the democratic side. they spent over $8 million. one that they backed. let's -- and i think when you look at total republican vote. it was over that. this is district that was very close on the presidential level last cycle.

the democrats went all-in on this. they were clear going into this election, they said that their goal was to get over 50%. they came up short. so, if you look at the what his percentage of what it was presidentially, pretty much tracks. i think this was a big loss for them. the bottom line is they went all-in on it. they said that they, their goal was to get over 50%. they came up short. reporter: unrelated issue. tillerson's letter to paul ryan on the jpoa in iran. is the united states basically saying that the there is no evidence that iran is cheating on the jpcoa? >> that the president is directing inneragency review of the deal, to review, that we have 90 days before the next one comes up. right now we're undergoing a ninety day review that the president clearly stated that the president is directing national security council to

lead an inneragency review of the plan and val state suspension sanctions pursuant to the jcpoa are in vital interest of our national security. the letter clearly lays out what the president is going to do to make sure they're living up to their agreement. reporter: is the president concerned that the iran may be cheating on -- david albright, noted u.n. weapons inspector they're developing a new centrifuge which he thinks could be a violation. >> that is why he is asking for this he review. if he didn't, if he thought everything was fine, he would have you know allowed this to move forward. i think he is doing the prudent thing by asking for a review of the current deal. reporter: sean, on uss carl vinson, what happened? can you take us through the events from the perspective of the white house that led to miscommunication? this administration thinking that this vessel was thousands of miles away from its actual location? >> can you repeat the last part? reporter: can you take us through the events that led people in the administration to believe the vessel was thousands

of miles away from its actual location? >> i mean, paycom put out a release talking about the group ultimately landing up in the korean peninsula. that is what it will do. we were asked very clearly about the use of a carrier group in terms of deterrence and foreign presence, that is what we meant of the that is what we discussed. i would refer you back to other issues with the department of defense. reporter: does the president believe he might have spoken to quickly on location of vessel before -- >> we have in an armada going toward the peninsula. that is in fact it is happening. reporter: sean, want to follow up on that. obviously when the president of the united states says there is military hardware going to a region in the middle of a crisis on the korean peninsula, allies of the united states are encouraged. when that happens to not be the case they can interpret that as a false encouragement. how is this white house

explaining to south korea and japan, that in fact during the buildup and the actual dprk missile launch there was no uss carl vinson -- >> respectfully touch base with pacom or department of defense. the statement put out the carl vinson group was headed to the korean peninsula. they are headed to korean peninsula. >> said they're there now. >> but that is not what we ever said. we said it was heading there. it was heading there. it is heading there. so that, that remains -- reporter: correction that allies have? >> if there is impression then, that is not, there should have been clarification from people who were seeking it. pacom put out a release talking about what ultimate destination would be. that is where it ended up. reporter: why did the administration never clarify? definitely the intent and media reports it was headed there now and now- >> that wasn't, with all due respect -- we were asked a

question. reporter: comment on it. >> no. that is notrue. what i was asked was what signal did it send it was going there? i answered that question correctly at time, it signaled foreign presence, strength and reassures to our allies. that is a true statement. you're asking me why you didn't know -- i don't know that is question that should have been followed up with pacom or department of defense. the only weigh we were asked what signal it sent. we answered that very correctly at time. reporter: do you think it was misleading? no one found out -- >> what part is misleading? i'm trying to figure that out. we were asked a question what signal was sent. we answered question what signal it sent. i'm not one who commented on timing. reporter: what misleading people thought it was headed there now. now it is weeks later. [inaudible] >> i understand the question, right, but what i'm getting at, it was announced that it was going. it will be there. we were asked simply a question on that. i think all other questions

should be asked of the department of defense. john. john. reporter: thanks a lot, sean. earlier today china's foreign ministry spokesman said china is increasingly frustrated with north korea and north korea, you may have seen it put out a simulated video over the past 24 hours which shows its missiles attacking, destroying an american city. the american white house reaction to that video? also to the comments by china's foreign ministry spokesperson. >> this isn't it first time north korea put out propaganda tools. we'll not comment on every time they put out a piece of propaganda. it is encouraging to see china continue to move forward and join us in this effort to control north korea. i have commented on it before. i think relationship that the president started building with president xi in mar-a-lago is clearly showing some positive signs. china continues to have both economic and political influence over china.

and, so i think it is important to see them headed in this ction. i think it's a very posive sign to see them play a larger and larger role. i think it is in everybody's interest to contain north korea's actions. john. reporter: i'm sorry, john. how strong is the influence if foreign ministry spokesman for china, which the president is depending on for this particular encouragement, is saying he himself, china itself is frustrated, increasingly frustrated with north koreans? >> again i think, from tan overall diplomatic sense i think it is positive to see china continue to take positive signs aligning with the position that we have on this. that's a positive thing. i think that time will tell but i think, seeing a unified effort to contain north korea is positive step to protect not only our national security interests but those in the region. sorry, john gissy. reporter: thank you, sean.

three weeks ago i asked but the president's upcoming visit to rome and whether or not he would have an audience with this pope and i pointed out that this is something that's part of modern history going back to 1959 when president ears send hour had an audience with pope john xxiii. it is something you definitely would be in favor of. two weeks ago, "the financial times" said sources within the administration said this was very unlikely to happen, and that for the first time since nearly 60 years ago the president would not have an audience with the pope. why? >> so right now, at this time, obviously we headed to brussels and sicily. if we have updates on the schedule and we're still plenty far away i'm sure we will let you know about any additional stops but we're -- reporter: are you in touch with

the holy see about? >> i appreciate the effort but i think, until we have an update i'm not going to go there. francesca. reporter: sean, back with iran state department letter to congress there is talk about stricter sanctions on iran for the ballisticmissile test update and state finance of terror. are you concerned that tougher sanctions on iran would violate it or, sorry motivate it to violate the nuclear deal? >> well, i obviously, any action that we would take, if we did, is something that gets vetted through the inneragency process and all of those kind of considerations are taken to trying to achieve the effect we want. sanctions have been an effective tool in many cases. i think we've mention, a lot of times the president doesn't telegraph actions we'll take but as we conduct review of options available in this situation we'll go through inare agency process and have differentent is

weigh in. reporter: sure, but in consideration of those potential -- >> obviously but we're well aware of any owe tension negative impacts that an action could have. regardless whether it is economic, political or military action you always weigh all those kind of options. george? reporter: one small follow-up on that. >> yeah. reporter: the president has said he would like to see the nuclear deal renegotiated with iran. how specifically does he plan to get a new deal? is that something he still wants to do? >> that is why we're undergoing this inneragency review. part of this is to get the entire team to look at it, as part of the next 90 days, review, that is required under the deal. so we will have recommendations presented to the psident on where the deal stands and how to act further. george? reporter: thanks, george. looking ahead to the 100 day mark, setting aside executive orders can you say what single piece of legislation that you

proudest that you got through congress that was on the president's agenda? >> well, a few things on that. number one we're not done. we have a little ways before we hit the 100 day mark. i think what you've seen out of this white house is very robust agenda of activity. there is a lot of executive orders that i think the president's been pleased with, not only what they have done or what they will do, but what they have done. when you look at immigration in particular, we see fairly significant drop at the border. i think on jobs, there has been a lot of activity we've been very proud to see american manufacturing and job creation. then there is pieces like what we did today, i think if you're veteran who served our country to know that you have additional options to get health care in timely manner, or not just geographically friendly manner so you're not driving hours is very helpful, and a strong symbol how we treat our veterans. there is a lot of things the president has done on veterans

on immigration, on regulatory reform as i mentioned here. we're now at a dozen congressional review acts pieces of legislation signed i think had very positive impact and will have very positive impact on job creation. when you, i have noted before to you, openly one had ever been signed in history before. that is a pretty significant achievement for th president. obviously when you look at the confirmation of neil gorsuch to the supreme court it is another significant one. there is a lot. again we'll obviously spend some time talking about this next week. but i think we're very pleased with what the president accomplished. as he noted yesterday in wisconsin, the amount that he has done overall has been significant. zeke. reporter: two topics. potential for government shut down without a new pr, budget supplemental that the white house requested month or so ago including defense

spending cut and other discretionary spending non-defense, includes funding for the wall. what is the president going to insist that with the pr necessary to keep the government open next weekend will include all those priorities, or would he accept a flat cr? >> we're having discussions ongoing with house and senate leaders as we approach this deadline. but, the, as you correctly point out, the president's priorities are very well-known, what he wants to do in terms of military and homeland security. but i think to start negotiating in public probably not would be a very prudent thing to do as we get closer to that deadline. so i just, i respectfully we're days away. you will have plenty of time to see what is in there. i'm sorry. reporter: another topic. late last night the presidential inaugural committee released st of donors filing period. it included, raised records

funding. a lot of corporate donors, many who have business before the administration. president who ran on drain the swamp slogan perception, certainly but also any, or the potential for any real conflicts of interest between some of those donations,coming into supporting his inauguration? >> i think this is just like a campaign in the sense you have, there is full, there is disclosure on this for a reason, so you know he what is happening. i think funding the inaugural committee is pretty much been a non-partisan activity that is going back. every administration going back through administrations. so this is, this is time-honored tradition. i think a lot of americans and companies and entities are proud to support the inaugural and i think that you've seen that over time, with people who have been, there are a lot of people who really take pride helping us show the world a peaceful transformation of power.

richard. reporter: sean. go back to wisconsin yesterday. >> you want to go back, huh? reporter: the president said about the issue with the local dairy producers, dairy farmers, that, white house was going to work on that very hard. admittedly, starting today, that is what he said. calling canada, asking for solution. has the white house been in contact with, with anybody in canada, in ottawa? >> i will ha an update for you hopefully on that. but i, well aware of the president's comment on that. i think it is a very important issue for people in wisconsin. and the president looks forward to following up on that. reporter: go past on this point? >> all i will say the president will make sure we follow up on that. david jackson. reporter: quickly, he said that on nafta, he wants very big changes. are we going to get rid of it once and for all? are we at that point like

very? >> we'll see what pans out in the negotiation. there is opportunity, can i just -- reporter: need some help? >> i think i got this, but thank you. maybe. thanks, man. see you in a minute. hold on, one second. that was cool. how do you follow that? just to john's point i want to make sure i note we will be reaching out to the vatican to see if a meeting, an audience with the pope can be accommodated. we'll have further details on that. obviously we would be honored to have an audience with his holiness. called on david first. reporter: thank you, sean. what is white house reaction to deportation of juan montes, first one to be sent back? >> that situation is evolving right now. there is a lot of things that

are looked at in terms of the circumstances surrounding that. i would ask you to stay in contact with the department of homeland security. reporter: didn't president trump say that -- >> i don't want to comment right now in the sense there are circumstances regarding that, i think need to come out or be further looked into. i think getting ahead of that could be an issue. so i respectfully i would say that i don't want to rush to judgment. i think there is a lot of additional he details that are coming out about that issue and i think the department of home lan security is probably the best -- homeland security, best place to get updates. halle. reporter: two topics. one is a florida. i want to ask about ga. two wick ones is the p to campaign for the republican challenger? will he get-out-the-vote? >> if needed. president does everything he can to maintain majorities to further the party but we'll see if we're needed. reporter: spending too much capital on a race republicans

should be winning easily? >> it is interesting. i thought some of the coverage was intriguing as i watched it. democrats went all-in on this race. they spent $8.3 million. they said on the record their goal was tn this race. they lost. and the reaction has somewhat been, you know, that they almost won. no, they lost. they made very clear what their goal was in this race. they spent $8.3 million around threw everything including the kitchen sink and lost. reporter: port two months left right? >> not their stated goal. they said their goal last night was to win the race with over 50%. they spent $8.3 million. they didn't run for a runoff. they ran to win last night and they lost. so anything short of describing that as a loss is, is sort of incon seaverable to me that is literally what they said their foal was to do. they said we want to win tuesday night with over 50%. they came up short of their goal.

they put all the money they had in there. they put all the firepower and came up short. so it's a loss. and there is no other. mara. reporter: second on deportations. not speaking specifically about this case i understand you refer over to dhs there seems a little confusion. if you can clarify what is the president's position on undocumented immigrants who live in country have not committed serious crimes? >> the president's priorities on immigration have been clearly laid out. first and foremost people committed a crime or pose a threat to public safety are dealt with first and foremost. we would continue to address immigration going forward. reporter: sorry, i guess my question, not to have posed a threat. >> i think as i said, the goal and focus has been on people who pose a threat to national security or some other way in violation. reporter: cases come up with people who have not posed a threat. said it was confusing. >> i would respect fully suggest in this particular case.

the facts are not out yet. i would not rush to judgment on what is happening. i understand. mara. reporter: thank you. just i want to get a little more clarity on iran. is it president determined to pull out of this agreement as he promised during the campaign? or will that decision be determined by this review? >> i think part of the review, inneragency process is to determine where iran is in compliance with the deal and make recommendations to the president on the path forward. reporter: so he might or might not decide to pull out? >> that is why you undertake -- reporter: this decision has yet to be made? >> that is why you do -- he is doing review. reporter: that was campaign promise. >> i understand that. the point that i'm making is that he asked the inneragency team to conduct a review as the secretary laid out in the letter last night. anita. reporter: sean, two questions on one issue, my colleague who currently in colombia has learned that the president met

with two former presidents of colombia last weekend at mar-a-lago. it was set up by senator rubio's office. two questions, one, first some people there are saying it is to undermine the current president's visit before he comes here next month. two questions, o, why was that not released plicly to the press, to the pool at the time? secondly, can you talk a little bit about the point that visit? do you all stand by the colombian -- >> i will be glad to look into the circumstances. i don't have anything for you at this time. i will get something and read it out. >> are you saying it didn't happen. >> i'm saying i'm unaware. >> can you get back to me on the policy. why not release that -- >> because i don't know that is the case. until i know i this it would be tough to answer the second question. thank you guys, very much. we'll have an event for you tomorrow. take care. have a good one.

neil: so much to do about the foreign issue, ship in the korean peninsula was not on its way, out of there, confusion we have more intense presence in the korean peninsula than we did prior to the latest dust-up with the north korean leader. seemed a odd fixation on a story, heightened tensions with north korea and such you would normally think the questions would be on what we have there and why we have it there and what we intend to do next there. all of this on t administration is planning a busy agenda with sort of talking up tax cuts again. helping military veterans yet again. and revisiting the health care law itself. on same day super bowl champion new england patriots are due to stop by the white house. half a dozen players or so, cluding tom brady will not joining the president there, in the case of tom brady, family commitment will prevent him from being there. he had this last opportunity two

years ago, similar family commitment kept him from meeting president obama then. three other prior times brady did meet with then president bush during his eight years in office. but enough about football. on to this back and forth who knew what and when about what we're going to do next regarding north korea, some of these foreign policy issues that have driven front and center in this press conference. daily caller news foundation, capitol hill reporter julie grace, also scott martin is with us. julie, what seems to me, what ship was there, was not there who could account for its presence i guess fair game but isn't the issue on our increased presence there in general and the fact that we're not looking to get out of there anytime soon? what do i think of that? >> i honestly think the ship story is kind of a non-story. i think the trump administration offered a clear difference to what the obama administration was doing, and our presence there, mike pence has done a great job of delivering the

message that the obama apology tour is over. that is what should be focused on. neil: you know, scott, one of the things i noticed the markets right now are still down. a lot on tax cut frustration with that, but they could churn in this environment where they hope to still see them. but then of course you have the wild card, black swan development that you covered over the years that comes out of the blue. let's say a north korea disruption or syria or both or russia. there are a lot of other factors weighing in on this market. what do you think? >> yeah. in respect to that, neil, the markets have held in pretty well. i think to julie's point it is interesting. this administration really has its work cut out now, doesn't it? problems in congress with health care, tax reform and gee owe political tests of this president's mettle. interesting to see how the market held in there. feels like the market is starting to lose its grip, neil. the more time it goes on with

the threats against north korea, more issues with russia and this further pushing away of tax reform especially steve mnuchin lately indicated, that will start pressuring markets. i think we're starting to see that already. neil: julie, are you getting a sense and from people you talk to at "the daily caller," the appetite for tax cut or wherewithal to get it done is baning? >> i think a little bit. i think the administration and congress have been clear they want to get health care done just before tax reform is done, to be able to have offsets to allow them the ability to cut taxes, and yeah, i think it is going to be easier for them to get it done once they're able to get over these other issues, because it is less emotional issue than foreign policy or health care for that matter. it will be interesting to see how it pans out. there is never a dull day in congress these days. neil: you're right about that. to that point, scott, i'm thinking, whether we, obviously

this famous editorial with art laffer, steve moore, larry kudlow, supply-siders we're overthinking this tax cult thing, urging republicans think big. could have short term deficit with tax cut because it is okay because revenues come in. quick kvetching about it. that is my interpretation but what do you make of all that? >> i agree with those great guys, neil, you are mentioned, burr the problem is they're private sector folks and we're dealing with public sector people in congress. i think that is really one of the issues, trump, he promised all these great things. remember the phenomenal tax reform that was coming in february and things he mentioned on the trail campaigning. those things have not come through. i think it is mr. trump goes to washington and actually learns how this machine behaves and it is a tougher slough that he thought. it is taking a lot more time. that is leading to disappointment here. neil: you know, julie, one thing i worry about, is that thinking,

that supply-sider thinking or rabid tax cut thinking was certainly ram pan in the reagan administration. it is not in this one. i could be wrong. there might be some, you know, closet, big tax cutters in there, that might surprise you. president himself maybe will surprise folks but this sweeping, across the board, substantive change in policy likes you hear espoused by kevin brady house ways and means and others isn't echoing there. the telling comment brady made to me while i chatted with him yesterday was that the administration might not share his zeal when it comes to tax cuts. he says, neil, that depends who you talk to. so he is obviously confused who is calling the tax cuts shots. who is to blame for this stumbling on taxes? >> well, i mean i think they are eventually growing to get around to it. i talked to a lot of different members on the ways and means committee. i think better way agenda has been pretty similar to what the administration put out.

so i think they have been focused on it as they should be? probably not. i think they have other obstles they have to orcome before they get to it. neil: do you think it can still be this year? >> i think august is ambitious deadline. i don't think it will happen by then. but when has anything gotten done on time in congress? neil: scott, my view, if they don't deliver foods on this by end of the year, good luck getting anything like that done next year. that is all i'm saying. >> i think they will have difficult time in the senate more so once they get it through the house. neil: i hope you're right, but scott what do you think of that? >> neil, you need -- these are key months. you need progress, i think by end of this quarter to see if this thing will go through. otherwise you will see the market look like got hit by an asteroid. this market has been built up by promises, man. promises and hope. that stuff is starting to dry out. neil: guys, thank you both, very, very much. bottom line, hope springs eternal that the house ways and

means committee plans to address this. marking up what they call their blueprint for this, as soon as next week. remember that is not the white house blueprint. they're not agreement on details, border tax, import tax, scaling back popular deductions. white house says it might be revisiting how you can, whether you can write off state taxes and like, even when it comes to charitable deductions. all that is open to the administration but it was considered done and dealt with on part of house ways and means committee. plenty ever divisions. plenty of back and forth. plenty more after this. your insurance company

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neil: vice president asian tour continues. vice president pence arriving in indonesia after warning north korea that the nothing could be ruled in or out when it comes to dealing with the north koreans and their latest aggressive activity with missile launches that are practically weekly affairs now. former cia military analyst tara muller on that. tara, what do you think of the message the vice president is sending, certainly our key allies in the region? what are we going to do if one of them is targeted by north korea? obviously we, we go to their defense, right? >> absolutely. i think vice president pence is there to reassure our allies

we're there to support them if there is any sort of conflict that does escalate. i don't think the north koreans would take any sort of, provoker to measure on their own against south korea or japan, unless they felt threatened or we did a preemptive strike. there are no good options on north korea. the trump administration has its hands full. it needs to decide whether to deal with north korea, whether it will continue with the path of the obama administration, sort of wait and not take any preemptive action, wait and see approach, which allows them to build up capacity. whether or not they take some sort of action. whether that be against a missile strike or facility or something to deter them from taking future action going forward. neil: what if we were to shoot down one of their missiles, a test missile? how do you think that would go over? >> i think personally if we take any type, this is just my opinion, of action, whether

preemptive strike against something like their missile facilities or nuclear facility, or whether or not we try to strike a missile as it is launching which is also difficult and, if we did something like that, i think undoubtedly the north koreans would take some sort of retaliatory action. now that doesn't mean we can't do any type of military action going forward. we need to assess the risks associated with all these measures and risks of accidental escalation. there are other mechanisms at play. there is talks of cyber attacks on some of their, you know, missile facilities potentially. that is something the obama administration and trump administration reportedly have also been supportive of but again we have to look at the risks here. north korea is going to have the ability, the capability to retaliate. if you take military action, you are essentially accepting that risk, that -- neil: they would be slashing their own throat, right? would with he do what we did with syria, tell the russians in

that case, hey, we're going to launch tomahawk missile strikes on syria in response to the chemical weapons attack? i'm sure the russians were not pleased but they were given a heads up. would we do the same with chinese, we'll take out a missile site or shoot down one of their missiles next time they lob it into the korean peninsula? what would be reaction of the chinese? >> we would have to run it by the chinese or potential allies in the region, japan, south korea. however president trump actually has been pretty clear. if china does not ramp up pressure, if china does not help putting additional pressure on north korea, he is stating, he is willing, the united states is willing to go at it alone. there is conflicting messages outside of the trump administration. it isn't clear if that is the past strategy. doesn't seem there is. it seems they're finding their way as developments proceed. we saw the missile launch, recent one the past week by north korea. we've seen language ramp up. it is important to recognize, you said north korea would they

be willing to slash their throat? they are a regime time and time again accept costs that other regimes or the regimes are not willing to accept. that is both economically true in the case of sanctions. they have accepted a lot of costs and haven't changed their behavior. unclear if china chokeholds them with more sanctions they would change their behavior. they feel extremely vulnerable, that nuclear weapons are only option they have to protect themselves. as irrational as it may seem to slash their own throats, not out of the question they would take an action. neil: they have done it before. they have done it before. thank you he, -- very, very muc. look at wall and broad. ibm is hurting. financials are not that tug-of-war continues. more after this.

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neil: on right, not a matter of if but when it's going to happen and that's what the administration has been saying and republicans have been saying. a lot of e-mails from a lot of powers that be say e-mail, why don't you just cool that, calm down. your little tax cut is coming. it's not my little tax cut i'm worried about. we've run out of ammunion to help an economy or one that will be growing under 1% this quarter is seen as the federal reserve is out of the stimulus business and indicated today was to draw down the $4 trillion plus balance sheet. it starts doing that. the only game in town to boost

the economy would be substantial tax cut. the timeline for that in the degree to which we will see that is an open question here. among the very first to report it and a lot of you know it and you've made the image simply because they have the audacity to report the confusion over it. my buddy, charlie gasparino. it doesn't stop. the reality is a lot of things have to come into place. don't worry, we are going to get it, but it could be pushed back. >> my producer, brian schwartz went to the trump administration , the spokesperson over there and ask them point blank, is there a timetable? they told us on the record administration, the trump administration can confirm there is no timetable for any of the tax cuts. they said on the record. we should point out in march, steve mnuchin secretary told you as august. now they are facing up no timetable.

neil: but they still say it's coming. words like soon. >> the president says that as well. here is where it gets sticky. exactly what did they mean tax reform. the president said yesterday in a speech, whether thought was a very good speech, got himself back on message in a lot of ways with his base but tax reform will be steeper and bigger. those are his words, once they get health care reform through. so without health care passing, this thing looks like it could be pretty puny, which is fairly significant -- neil: i'm not trying to be cynical here, but the first go around they just abandon it.