tuesday. welcome back, everybody. wish it were a better day for the bulls. if you're short you're doing fine with a loss of 230 points on the dow jones industrials. [closing bell rings] president trump is meeting with the so-called big six right now, talking about the tax policy. get over to "after the bell." melissa: stocks slammed today. the dow dropped more than 1% and 230 points. you can see 233. looks like we're settling there. s&p and nasdaq deep in the red as well. we'll tell you exactly why. i'm melissa francis. david: with emphasis on the we. good to be back together again. i'm david asman. join us for "after the bell." we have very busy hour. congress is back in d.c. president trump is not wasting anytime. he is meeting with congressional leaders and key members of his cabinet to hammer out remaining details on tax reform. president tweeting out this is a big week. it is. taxes one of the big-ticket

items on congress' to-do list along with harvey relief fund and can program, things that threaten to divide republicans in d.c. even further. we'll look how it plays out. new reports that a defiant north korea is getting ready for more missile tests as they threaten to send quote, gift packages to the u.s. the latest on all of this, and a lot more. melissa: all the new threats from north korea helping to fuel a big selloff on wall street. also the storm not helping. a lot of factors. the dow snapping a four-day winning streak. united technologies, goldman sachs, travelers leading blue chips lower. gold and oil are rallying. phil flynn watching all of it from the cme. nicole petallides on floor of the new york stock exchange. nicole, go to you first. what is the key thing driving this off? there are a lot of factors out there. the debt ceiling, everything that has to be done in washington, there's a lot?

>> that is part of the noise. so many different elements the market had to digest today. front and center is obviously the threat of north korea, testing their most advanced bomb yet and knowing they plan to do another for their founders day this weekend. that story is a looming story, spooks the market. but all of those things put together and daca, that type of element could delay the president's agenda on tax reform and regulatory reform. look at some movers here. financials in particular. really weighed on the dow. you could see a name like goldman sachs is down 3 1/2%. that is shaving off 45 points. united technologies with rockwell collins. that was down 6%. travelers along with insurers has been hit hard today. look at insurers that have florida exposure. we're keeping such a close eye on all things harvey, but now hurricane irma, in the path on the way, across the islands, then up to florida. so take a look here. universal insurance, 15% lower.

hci group, 20% lower. the rest same story. new 52-week lows for some of the names but getting hit hard. gold, oil, 10-year bonds, these things are moving. the vix, look at the vix, the fear index, that is up 23% right now. this as gold moves to highs of 2017. you saw the treasury yields, 2.08%. that yield dropping lowest since november. melissa, dave? david: nicole, thank you very much. phil, as we heard from nicole, both oil and gold climbing again today. north korea, it is the fear factor. gold is up near a one-year high. how high will it go? >> i think it could go higher, dave. this is a major breakout for the gold market. we've been talking about the gold going up higher. the crypto currencies went up with china cracking down on new

issuance of bitcoin. bitcoin is acting like a safe haven, outperforming gold. it didn't happen today. shows you gold is the currency of last resort. oil, we had a big rally, because mainly a lot of u.s. refiners coming back on line. we had eight restarts over the weekend. other refiners in galveston, texas, they are up and running that helped bring down gasoline prices. gasoline is down six cents. colonial pipeline is up and running. we're moving gasoline. that will not be good news on hurricane irma, if she comes in, that will change the dynamic. we don't know how it impacts things next week. something we have to watch. there is another storm believe it or not already in the gulf of mexico. that is already disrupting some stuff in the gulf of mexico. it will be a crazy week. back to you. david: phil flynn covering the waterfront. thank you very much. melissa. melissa: let's bring in today's panel. scott martin, kingsview asset

management and gary b. smith from the kadena group, both fox news contributors. gary, start with you. is it about the weather and north korea or about congress and a group of people continue to stymied and bob fed -- befuddleed by problems they created? >> melissa, being in the path of a hurricane in south florida, i think maybe its the hurricane. maybe i'm more sensitive than most. i don't think it is about tax reform. today from the opening, to the close it all about north korea. in all honesty, i think most investors out there, certainly myself as a trader don't think any tax reform is going to get done period and we baked that into our equation. i think today is about north korea. we have an untested president. so we have that variable going on. and a little bit about the hurricane but, again maybe i'm

nor sensitive to that than most. melissa: scott martin, your thoughts? >> to gary's point, there are 20 million plus people affected in florida potentially with irma. that is a big deal. i agree with gary, it is about noko, it is about north korea, it relates to what doesn't get done on the president's agenda with the north korean distraction. s&p basically flat-lined since the concern about tax reform being delayed, concerns about regulatory reform not coming to the table. those things are starting to take hold on this market. that is why you're not seeing big gains anymore. melissa: gary, you think it is baked into the market that nobody believed tax reform was going to get done. i don't know about that. i would like to think that's true, that we wouldn't see more downside, but i mean they have been pretty good reassuring people on wall street and elsewhere that steve mnuchin had his people going. they were going to get it done. i think it is, there are a lot

of people expecting it to get done? you don't expect a leg down if it doesn't happen? >> i don't. i agree with you that the administration has been as reassuring as they can look, i'm looking at it objectively. once health care was completely much booed, my thinking on tax reform getting done was out the window. my gosh, they can't even get health care done. melissa: they are idiots. >> it should have been a slam dunk. tax reform, that is way too complicated to get done. i started baking that into my equations. objective investors, traders, hedge fund managers are thinking same thing. maybe i'm wrong. melissa: washington. david. david: trump never really believed in the health care program, the package that was presented. i think he believes in tax reform like he didn't believe in health care reform. melissa: i hope you're right. david: right now, president trump is meeting with key

members of congress and his economic team on the highly-anticipated tax reform plan. adam shapiro is live at the white house with the details surrounding very important meeting. adam. these are all key players, right? >> these are key players, david. the president not only believes in tax reform but a pillar of his agenda in his first term. look at meeting with president trump. it is big six. you have mitch mcconnell, the leader from the senate. you have got paul ryan, speaker of the house. you have gary cohn from the nec. he is one of the men crafting administration's wants in this tax package. kevin brady, chairman of the house ways and means committee is crafting. orrin hatch from senate finance. once the house passes whatever they past, it will go to the senate. in the past they say they fix things. perhaps they will change it, perhaps they will mess it up but it goes to the senate before it becomes law at some point. what are these six talking to

the president? they're talking about how to roll out tax reform when brady and the house ways and means committee actually begin to deliver the details of this bill. here is why sara sanders said this is important to the president. >> 1.2 million jobs have been created since he came into office. we're looking for ways to grow that number. we're doing our part to address and create an environment that allows people to have more jobs and we'll continue doing that. reporter: based on what he heard from members of the big six earlier, we heard from gary cohn last month we would begin the markup process of this legislation in september. perhaps, the house can choose quickly if the house chooses to move quickly. it can get slow down in the senate. we keep making an issue leader mcconnell saying pass tax reform, this congress, five of the big six this year. mcconnell says this congress. this congress ends in 2018. of the not this year. back to you.

david: i know, mcconnell is the hard sell. adam, thank you very much. treasury secretary steve mnuchin not mincing words at all on sunday about cutting taxes regardless what the cb or anybody else in congress say about tax cuts adding to the deficit. take a listen. >> we believe in dynamic scoring and under our growth models at the treasury, this will pay for itself. and again we may not get full credit for that. there may be short-term impacts on the deficit, but we're very, we want to be very careful in paying for this with growth but we also need to boost the economy. we need tax cuts and tax reform now. david: i don't know, if you can hear, grover norquist, president of americans for tax reform. he is saying yeah. he is taking on pencil pushers, people at cbo. maybe mitch mcconnell, the people who don't believe in the dynamic effect of tax cuts to change the economy.

the pencil pushers i think will lose to steve mnuchin. what do you think? >> absolutely. look, this administration he are determined to do this. there is economics. we need more growth. we should be at 4%. we're still coming out of the obama eight years at 2%. and we need to compete with the rest of the world and lower rates but there is a political factor driving this as well. if you're republican in the house of representatives you would prefer to be in the majority rather than the minority after the 2018 election, an strong growth in 2018 will maintain republican house. and for must have mitch mcconnell, strong growth for the first six months of 2018, so it is recognizable before the election. no good having strong economic growth the last half of next year. people will notice it too late. you need the growth now, need it

strong. need people to believe it will continue. david: hold on a second. let me stop you there. one group of people i know don't believe tax cuts have that extraordinary rejuvenated power are people at cbo. they will be scoring this thing, adding things up and they will probably end up being against what steve mnuchin just said. do they win out? if they have the ear of mitch mcconnell, they have the ear of paul ryan, what happens when paul ryan says one thing and steve mnuchin says something else? >> well, the administration, congress, can in the legislation instruct joint tax to assume certain levels of growth, if they can't figure it out themselves. at the end of the day, also, if a box is made that is smaller than we would like for tax cuts you could make full business expensing temporariry, knowing full well that like with the r&d tax credit, once people get used to it, they will never want to

give it up. david: but you're getting a little -- look, generally speaking -- let's take the senate in mind. if mitch mcconnell has to choose between what steve mnuchin says, forget about deficits right now, we need growth and that means tax cuts despite the cbo, who will he believe? who will mitch mcconnell believe, mnuchin or the ceo? >> mitch mcconnell will go with mnuchin and growth. one because it is sound economic policy. two, he would rather have five more republican senators rather than no additional republican senators in 2018. david: one final word on corporate taxes. a lot of companies left the united states, went to ireland where the corporate tax rate is 12 1/2%. if it only comes down to 20%, will that be enough to motivate those companies moving back here? >> if you go to 20, you stop the hemorrhaging. if you go to 15, i had swiss companies tell me people will

move into the united states, not out. i would rather have 15 rather than 20. but 20 stops the bleeding. david: grover norquist, good stuff, appreciate it. melissa. melissa: hurricane irma a monster category 5 storm. it is barreling across the atlantic. we're tracking her path from the weather center as florida dechairs a state of emergency. david: meanwhile obamacare insurers facing a major deadline today, they say will cost americans big time. the latest how higher rates may go next year. melissa: and president making a controversial move ending the program protecting young immigrants who came here illegally but giving congress six months to save the program. texas attorney general ken paxton was threatening to sue the white house today, along with nine other states if the president did not end daca. what does he plan to do now? we're going to ask him. >> we are people of compassion and we are people of law.

but there is nothing compassionate about the failures to enforce immigration laws. enforcing the law saves lives.

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david: the trump administration announcing today they're ending the daca program, short for deferred action for childhood arrivals, and that congress has until march 5 to pass legislation to replace it. the president tweeting today, congress, get ready to do your job, talkca. attorney general jeff sessions weighing in today. take a listen. >> we can not admit everyone who would like to come here. congress should carefully and thought fully pursue the types of reforms that are right for the american people. david: here now is ken paxton,

texas attorney general. he is one of 10 state attorneys general who were going to file a lawsuit today against the federal government order over daca. good to see you, general, let me ask you in light what happened today, what the president and his attorney general said, are you dropping the idea of a lawsuit? >> yeah. thank you for having me on. we are dropping the lawsuit. the president did a good job today, jeff sessions. we're pleased with the results and we'll move on and withdraw the lawsuit. they did the right thing. david: so the legal ground for the lawsuit were about president obama doing something that was unconstitutional. going around congress and granting hundreds of thousands of people a certain immigration status? >> that is exactly right. for years the president obama said he didn't have the authority to change immigration law. out of blue he started making new law. we sued him on another rule of immigration and we were ready to

sue him on this as well. the president can not do this purely in the role of congress. david: we'll talk about people being affected. we're seeing interviews on television of "dreamers" saying they're worried about being deported immediately. we have a "countdown" to deportation clocks going on all around the country. by my guess they have at least six months this whole program is put on pause, and then another two years after their permits expire. so it is about 2 1/2 years before any deportations would begin, correct? >> you have it exactly right. hopefully congress will have the ability to act on the best policy for this country. david: what do what do you thine best policy for "dreamers" left behind? >> first of all this, is federal issue, not a state issue. as the attorney general i deal with enforcing law, make sure the constitution is defended which is what we did here.

i don't make policy decisions. i'm not in the legislature. i leave it up to congress. i'm happy to do that. david: i would like to overstep bound of what you do. what would be best for you as enforcer of immigration law to do with what 700,000 or so young people who are so-called "dreamers"? >> the only thing i would ask congress do, make sure we're acting in the best interest of all americans, whatever they come up benefits the entire country. takes into consideration these children, but takes into consideration the rest of america. as long as they make policy decisions on that, i will be good with it. david: the chirp who are now adults, who registered as daca people, they have gone through a screening process to allow to us to determine perhaps they would be good citizens or good green cardholders if they stay here. does that suit you? >> well no, i, actually, this is

part of a made of hupp programs. offering green cards and ultimately citizenship. that is exactly what the administration -- david: if congress decide, would you be okay with that? >> whatever congress, if it goes through the congress voting on and debated we will not sue if it passes congress. that is completely within their authority to deal with. david: attorney general ken paxton, thank you for being here. have a great day. >> you too. melissa: daca is one item on congress' packed plate. they have an extremely busy fall coming. can they get it all done? charlie hurt is coming up with his take. north korea sending another warning with the united states. is the crisis getting worse? lieutenant-general thomas mcinerney is coming up next. >> this is a global threat and everybody needs to take part in putting pressure on north korea. all options are on the table and we'll continue to keep them on the table. ♪

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melissa: breaking news, president trump meeting with key members of congress in his administration and on tax reform. >> tax writing committee, chairman orrin hatch, chairman kevin brady who have been working on tax reform for months with our treasury secretary steve mnuchin, an gary cohn our economic council director. since the day i took office we added 1.2 million private sector jobs and a lot more than that if you go from the time we actually got elected november 8th, including 125,000 manufacturing jobs. we just had another very good month for manufacturing jobs. but we'll keep this momentum going, allow the economy to truly take off as it should, it is vital that we reduce the crushing tax burden on our companies and our workers.

we pay the highest tax of any country in the world on businesses, and we can't keep doing that. last week i repeated my principles for tax reform. first we must make the tax code simple as possible. it is extremely complex. it is not fair and it is extremely hard to understand. so we want to make it as simple as possible. second, we must provide tax relief for middle class workers and families. third, we must restore our competitive edge which we lost. we're doing fine but we lost the competitive edge. you see what is going on all over the world. so we can have real job growth throughout america. we can't be the jobs magnet of the world if we continue to tax our industries at rates 60% higher than companies in other countries. can't do it. finally, we must bring back trillions of dollars that are currently parked overseas.

we have, in my opinion, $4 trillion, $4 trillion, massive amounts of money, that can't come back to our country because of our tax code and rates. this is more than just tax. this is tax cutting, to put it in very simple terms. we're going to cut taxes. we're going to reduce taxes for people, and individuals and middle income taxes. we're going to reduce taxes for companies and those companies will produce jobs. tax reform that follows these principles will be bring in millions of new jobs and insure more products are stamped with the very beautiful letters, and words, made in the usa. time to lower our tax, bring back our wealth and make america the jobs magnet that it can become and pretty quickly, really, in other words, the expression, i don't know if too many of you have heard it, it is time to make america great

again. has anybody heard that expression? so, that's what we're doing. we're making america great again. you see it in the numbers. you see it with jobs. you see it with companies moving back in. they're moving back in at very, very big numbers, coming back into our country. you haven't seen that for a long time. we're very proud of that. so we're now going to discuss tax reform and tax cuts. i appreciate you being here. thank you very much. [shouting questions] melissa: are we listening to questions there? let's listen in. >> people think in terms of children but they're really young adults. i have a love for these people and hopefully now, congress will be able to help them to do it properly. speaking to members of congress, they want to be able to do something and do it right and really we have no choice. we have to be able to do something. i think it is going to work out

very well. long term, it will be the right solution. [shouting questions] of. >> thank you. thank you. >> thank you very much, everybody. melissa: all right. we always want to listen closely during those things to make sure we don't miss anything at the end and there he did have some words about the daca program as well. saying he has a lot of compassion for these people but it is time for congress to do their job in order to make it legitimate. david, what did you think about that? david: i am interested in daca but i'm interested in tax reform than anything else. i believe this is a program trump will get behind, unlike reform packages that came out of obamacare which he didn't like or was crazy b this is something he really, really feels passionate about. melissa: he could have been beating the drum through the summer. david: so much stuff going on, texas really slowed down plans a

lot. melissa: that's true. david: as well it should have, focused his attention but washington's attention. once he really gets rolling on taxes, i think there is a chance for it this year. i know a lot of people don't. melissa: we'll see. david: we're tracking hurricane irma. it is now a category 5 storm. that is as strong as it gets, when a hurricane is expected to strike florida. we're watching it. melissa: north korea sending another warning to the united states. is the crisis getting even worse? lieutenant-general thomas mcinerney is coming up next. ♪ how long do you think we'll keep -- oooooohhh! you stopped! you're gonna leave me back here at year 9? how did this happen? it turned out, a lot of people fell short, of even the average length of retirement. we have to think about not when we expect to live to, but when we could live to. let's plan for income that lasts all our years in retirement.

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melissa: stocks taking a hit today as tensions grow with north korea. the major averages ending sharply in the red with the dow closing down 234 points. you can see it there, better than 1%. >> nuclear powers understand their responsibilities. kim jong-un shows no such understanding. his abusive use of missiles and his nuclear threats show he is begging for war. david: our ambassador to the united nations, nikki haley, making a historic if not profettic remark about north korea's dictator after that country tested what could have been a hydrogen bomb, 10 times more powerful than previous nuclear explosions. announced missile launch for later in the week.

from seoul, south korea. greg palkot tell us what is -- reporter: watching and waiting for north korea to do something else. you're right could be another missile lawn. there were reports out today there was a intercontinental ballistic missile seen on the move inside of north korea heading towards a launch site. again some feeling that it could be happening as every as saturday. that is a my knowledge juror holiday in north korea. as south korea continues its own military sabre-rattling. there were drills on the high seas today. there were land exercises yesterday. this as they get permission to boost up their payloads on their missiles. this coming from the united states. president trump promising more sophisticated gear for the military. yes, all of this following this weekend's test of a nuclear device called a very advanced device. i spoke to one analyst and he said if you marry that with one

of their ballistic missiles, you have got what he would call an american city-buster. this prompting japan to think about evacuating its citizens, at least think about a plan. there are 60,000 japanese here in south korea. there are 200,000 americans if you count in u.s. troops and their relations. they always practice that evacuation. they could be right in the middle. i'm told in fact, that there is a couple of wild cards here, david. not just kim jong-un, as aggressive as we have ever seen a north korean leader, but the trump administration, how far will president trump allow kim jong-un to go? what actions will the united states take? a lot of people are watching and wondering. back to you. david: greg palkot, in seoul, south korea, short distance from north korea. greg, appreciate it. melissa: here is lieutenant-general thomas mcinerney, fox news military

analyst. general, is there any sort of sanction out there that you think would work? >> maybe if we went directly after the chinese and did an embargo on them, and went after their banks. i don't see us doing that melissa. in addition even if we did that, we need a military build-up to show we mean business and willing to lay out what i think are critical things, particularly since the secretary of defense of the south koreans suggested that maybe we would resume our tactical nuclear alert that we had when i was the dcs operations intelligence for the pacific air forces. melissa: yeah. in addition, you have a list of things you think would show that sort of aggressive military build-up, that would be the appropriate response right now, including what other factors? >> well, i would go to bomber nuclear alert on guam. the reason i would do that, we want red china to know that the theater is changing. when i took over command of clark airbase i had nuclear

alert up on formosa, as well as we had nuclear alert in south korea with our forces. i think when we start building that force up, that will encourage the chinese to say, we do not want that situation that we had back in the late 70s. i think that might encourage them some. but unless we have that build-up, increase offed that -- of thad missiles for instance. increase of seventh fleet, fighters in the region, we need steady buildup, do it covertly but they will get the word. otherwise they continue on their own track. that is a dangerous track for juice i heard some hypothesize, the only way out at this point, china has to believe president trump is willing to use military action. is that, i mean, does that kind of boil down to that in your mind? >> well i think that's it. but when you define the military

action that we need to minimize the casualties in the south, that means we have to preempt, which we can do, we can take the artillery out, we can use air launched cruise missiles off b-52s off nuclear weapons, if he initiates an attack from the north and starts to fire on seoul, we can do all those things and he is going to lose. that is what i'm saying. we need to have the forces in place. he has got to know will lose and lose big time. melissa: but meantime he continues to amass and build and get more threatening? >> yes he does. melissa: general, thank you for your time. appreciate it. >> thank you, melissa. david: there is a deadline approaching for obamacare. how uncertainty over the health care law could end up costing you and your family even more. parts of houston still underwater. we're live on the ground for the very latest on the damage and the cleanup efforts. ♪

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melissa: state of emergency. early ma is now a category 5 hurricane -- early -- irma is, as florida braces for impact. >> we need the public to stay alert, informed, ready, prepared for the end of this week. >> we expect everybody else take care of themselves three days. it could take up to three days to reach you. >> harvey, everyone is taken back, see how bad that was. we're obviously used to this being from florida but it is always good to be prepared. melissa: fox news meteorologist adam klotz is in the weather center with the latest. adam, this path is always shifting. people ask me where i think it is going. so i will ask you, what is the latest? >> latest, it continues to intensify. we're looking at winds up to 185 miles an hour.

moving to the west at 14 miles per hour. it will run over the lesser antilles through the overneed tonight. this storm, boy it's a big one. now with those 185 mile-an-hour wind, that makes it second or tied for second mouse -- most powerful storm in the atlantic basin. throughout the caribbean, we're seeing watches and warnings from the northern, lesser antilles, stretching to portions of puerto rico. you're seeing for hurricane warnings, we have watches, advisories. likely san juan, puerto rico area running into the late wednesday, wednesday nighttime frame. here is a setup for the entire storm. the category 5 gets on the move. still a category 5 as it passes by puerto rico. it begins to run over land. that starts slow it down a little bit. the wind speeds slow back down into a category 4. i'm taking you into the weekend at this point, by sunday we see

the storm sitting just south of florida, weakening a little bit, still a very powerful storm as you think about category 4. winds pick it up. a trough grabs it, all models, from there, this general motion, suddenly we turn to see a track to the north, which puts from really in a bull's-eye here. these are couple models. you notice slight differences. they stay together, you get a southern turn. some models turn up on the eastern side of florida. some models turn up on the western side of florida. that would make a difference. front right quadrant see heaviest rain. if it turns we would rather turn here. that is portions of carolina. where it turns we need a couple more days. melissa: add dam, thank you. david: as florida prepares for the worst, harvey and houston continues the cleanup. the historic storm is

responsible for at least 60 deaths. fox business's jeff flock is in houston as he has been about a week with the very latest. jeff, you're paddling. reporter: not a good sign, david. some people are cleaning up but not this neighborhood. you can't do clean up unless you get water down. the water has not receded here. in fact new water coming in from the release of those reservoirs they were concerned about losing a dam. so they had to release. there you go. this floodwater just not going down. they say, it won't fully go down, perhaps for another month. you know, it is just a very tough situation here. a lost houston is in cleanup mode but not in this neighborhood. this stretches on, these neighborhoods, that are surrounding these reservoirs, they go for blocks and blocks and blocks. so other thing i leave you with, look at all the cars over there. we're talking, they think, half a million cars destroyed or damaged in this storm, which

would top superstorm sandy which was huge. and katrina. so, houses, cars, boats, think we have airboat coming down here. who is that? this is a power, this is a power guys in an airboat. that is only way to get around here. i'm paddling. they have it better than me. david? david: that water has been there for a long time. the longer water is in there, harder to recover. reporter: more damage, wicking up in these buildings and ruining, you know, longer water is up, as you say more damage done. david: jeff flock, thank you very much. appreciate it. reporter: thanks, david. melissa: health insurers facing a major deadline today. insurers have to file estimated 2018 prices for coverage but state regulators are still struggling to make decisions about pricing and coverage amid uncertainty in federal health care policy. some are even holding off making

a final decision about rates until september 20th. when regulators are supposed to approve changes. david: so there is that to worry about. melissa: let's add that to the stack. david: we have a big stack. meanwhile dealer-maker in chief to-do list, he has a big stack of his own. lawmakers returning to the nation's capitol. preparing for a massive showdown over the trump agenda. next, charlie hurt from the "washington times," weighing in.

>> i have a love for these people and hopefully, now congress will be able to help them and do it properly. speaking to members ever congress. they want to do something, do it right. we have no choice. we have to do something.

i think it will work out very well. long term it will be the right solution. melissa: that was president trump momentsing a answering questions on his decision to end the daca, pushing it on to congress to save the program. he is still meeting right now, with congressional leaders on tax reform as well. add both of them to a very full plate for congress. take a look what they have here. they have daca, tax reform, the debt ceiling, harvey relief. a defense authorization bill. this is top of their to-do. this is urgent list on top of the post it and a big list underneath. "washington times" editor editor charlie hurt is here. he spells out what he sees congress accomplishing this month. what do you see, my friend? >> you see that list, something forbid something like irma hits and devastates another part of the country, when you look at

this list and president trump comments on daca, it points to one thing, for years congress refused to do its job. more than for years, for decades even. with his announcement with daca coming out today, members on both sides of the aisle, democrats and republicans we want to get this done. this is the natural thing to do. why didn't you get it done before now? why does it need to be a crisis before you get it done? melissa: that is the key. yes, i totally agree with you. never have we ever seen a group of people so stymied and we feud he willed by problems they themselves created. someone brilliant said it over the weekend. that is true when you see it over the weekend when you see these people. the house went ahead and passed tax reform. it was the senate that couldn't pull it together. you look at steve mnuchin pounding the desk on tax reform, very focused. i don't know.

i mean, it's frustrating but maybe a deadline and really a gun to the head is what these guys need? >> i think we may very well see that with the harvey funding bill. nothing brings about more bipartisanship than the opportunity to spend scads and scads of money. this will be that opportunity. the so he -- so i expect the question is they come come together do that that. the question, what other goodies or pills to put that across such as debt ceiling bill? i would frankly they will probably sneak in debt ceiling through something like that. i don't think they will tackle something like daca with that, a big obstacle so far doing daca, because it is so fun and easy to get daca through, the problem is, these people won't secure the border and do hard work that goes along with that. they want to do the easy stuff, the stuff that makes them look popular.

melissa: yeah. >> at the end of the day when they haven't accomplished anything, donald trump suddenly looks like the adult in the room. melissa: or they have an opportunity to bargain in there. the president just tweeting just now, i look forward to working with ds and rs, democrats and republicans obviously, in congress to address a immigration reform that puts hard-working citizens of our country first. that is not the same tone as what we heard him say at the beginning of the segment when he said he has a lot of compassion for people that are in the daca program. that he is very torn on this issue. he wants to put it to congress to provide a permanent solution. to be fair, what the previous president did was temporary. it was illegal in, you know, unconstitutional. according to many. >> completely. according to his own, you know for years, if you go back it year that he was elected, democrats controlled both chambers of congress.

had filibuster-proof majority in both houses when he first got elected. they never did i anything about any of this. for five years after that, barack obama himself, a constitutional law professor, told us that he did not have the constitutional authority to do this, until the day that he did. and he just did it like that. it was, it was a terrible, false promise to all of those people who believed him and believed that their information was safe. melissa: we got to go. we're going to see what congress does about it now. charles i also, thank you. >> that. david: houston working to rebuild. one person's luck about to change in a very big way. stay tuned.

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melissa: some impacted by hurricane harvey may have better luck at a 1 million-dollar winning powerful ticket was sold in the houston grocery store. david: we don't know yet exactly who won it but it was won by someone bought in houston and

hopefully somebody can put that to good use after that devastation in the houston area. but there are so many examples of wonderful people without money helping out there. melissa: very true. "risk and reward" starts right now. >> we are people of compassion and we are people of the law but there is nothing compassionate about the failure to enforce immigration laws. >> it was legal then, it's legal now and it will always be legal. >> the notion that i can just suspend deportations to executive order, that's just not the case. >> we cannot let in everyone that would like to come here. >> this is not amnesty. it's the compassionate thing to do is in the law. enforcer law. >> this is not a path to