who will begin in about 15 seconds' time. neil, you get all the big interviews, yes, you do. you're real good at it, but we got jeff flock's mom reunited with her son on live tv. neil: yes, you did. stuart: that, sir, is a winner. neil: that was precious. apparently, a big lou dobbs! fan. [laughter] stuart: don't go there, neil. neil: i really got a kick out of that. and i got a kick of what is happening to you on this whole tax cut thing. and i know you figure something is better than nothing, and i just heard you with our mutual friend, larry elder, and he talked about the need for bipartisanship and that's what you had with jfk, ronald reagan, even bush to a limited degree with his tax cuts. all of those guys had everyone's taxes cut. and i'm thinking i know since you became an american citizen, maybe you're thinking of what's the temperature rate in britain? 45% -- the top rate in britain, 45%, and it kicks in at about

$200,000, and you figure, well, i should be grateful, right? and i don't know what's happened to you, but it's not the stuart varney that i always knew. [laughter] stuart: i believe i've taken up 50 seconds of your show. [laughter] neil: you have, you have. stuart or stuart just remember, neil, come on, something is better than nothing. and if the votes were there for across-the-board major tax cuts, major tax reform, i'm right in there. but the votes are not there. neil: maybe the votes are there for a simple majority. but if you make a supermajority, maybe you're right. but i just think you've already tipped your hand and said, all right, this is what we have to settle with, and the other side is saying, oh, we've got varney. you have huge influence, mr. varney, across the world. stuart: that's not true, that's not true -- [laughter] neil: and they see you blinking. stuart: i've now taken up 90 seconds of your show. neil: all right. lou dobbs wanted me to pass this along concern.

[laughter] love that. really a favorite moment of the day. all right, thank you very much, my friend. alienating colleagues left and right on this show. in the meantime, some good news to tell you about what's going on in florida right now. airports are beginning to open, albeit tentatively, across florida. the university of miami is going to remain closed until at least monday. fuel trucks are beginning -- i stress beginning -- to make limited deliveries to south florida gas stations. but again, a quarter of those pumps don't have gas. and fema is saying 25% of the homes in florida, at least the keys, they're gone, and they're not coming back. millions still without power. in the

just -- but that's for later in the show. i want to get to friend. a lot more with jeff. he's the real mccoy, folks, i tell you. in the meantime, this is the real mccoy, comebacks. that is the american story, and it's happening again even though insurance stocks are falling, they're off their worst levels. some are anticipating an insurance nightmare, but keep in mind the industry -- or, more to the point, the reinsurance

industry, the insurers for the insurers, so to speak -- they're sitting on better than $6 billion in capital. the combined estimates we're getting from the two storm, harvey and irma, is in the vicinity of $280-$303 billion. so on the surface the industry seems well capitalized to meet that. but, again, let's go to an expert, tower hill president, very big in these parts. what is your read on this as far as how much the industry can absorb? what do you think, don? >> well, neil, i think the latest modeled results for hurricane irma here in florida have come down considerably, and the insured losses are now estimated maybe $15 billion on the low end to $40 billion on the high end which is a lot lower than the original anywhere from $100-$a 150 billion. neil: how do you know that, don? i know when they come in and have to assess and a lot of times, you know, they go on the basis of visual drone type assessment like we're getting right now in naples, but you

need men and women on the ground to really, you know, specify that, don't you? >> well, absolutely, neil. and i stress that the word is, operative word here is estimate. neil: right. >> but these are computer-generate models based upon a track of the storm out of a catalog of over 10,000 storms, some real, some computer-generated that looks at each company's exposure and then adds it all up. and the computer is calculating these numbers. but, yes, i would stress they are estimates. but they, you know, they have come down significantly. we're seeing here at tower hill some more severe damage, obviously, in the keys and southwest florida. but as you progress further into north florida where we're located in gainesville, the damage is light to moderate. a lot of tree limbs down on roofs and that sort of thing, not total devastation or homes unlivable, that kind of thing. so fortunately for everyone, the losses appear to be less severe

than originally forecasted. neil: i know it's kind of comparing apples and oranges because they were distinctly different storms. they were destructive storms, but harvey seems to have a more expensive tab in the largely texas area than irma in florida. am i right about that? >> that appears to be because i think it's more of a flood loss there. now, how much of that is borne by the insurance industry, relatively little. most of that's going to fall into the lap of the federal government through fema and the write your own flood program, and then beyond that for the uninsured amounts, it'll be dependent upon grants and so forth. the unsured loss -- insured loss in florida may actually be higher than what we see in texas because so much of texas is flood. neil: and more people had insurance, right? >> correct, more people had flood insurance in florida than they do in texas, but the

homeowners insurance, as i think most people are aware, your standard policy does not cover flood. you need to have a separate flood policy or purchase an endorsement to your private homeowner's policy. neil: i know it went into the middle of the state where you wouldn't think you'd have a need for flood insurance, but will most be protected, or or are we finding out that it's a good percentage that will not be? >> as -- there will be a large number that will not have flood insurance. however, because florida is a coastal state, it has the highest penetration in the national flood insurance program, and most of the residents in coastal counties have a mortgage, and that mortgage company require them to carry flood if they are in a high-hazard flood zone. so i think the uptick in flood policies in florida will be greater than it was in the houston area. neil: okay. don, thank you for taking the time. tower hill president with a view

early on how it is looking as far as the insurance industry is concerned and those dependent on them for recouping some of the losses they've experienced in florida, namely, for the time being. you know, there is another storm out there, jose, but most experts are pretty confused of trying to get a sense of where it is going. to the weather company senior meteorologist dan leonard. dan, how's it looking to you? >> to be honest, neil, it doesn't look too bad. it's milling underneath a big rigell of high pressure which is keeping it at bay. for the next three, four, five days it stays offshore. there are some models that try to bring it in close to the carolinas early into next week, but right now i think probably the chance of an impact to the east coast of the u.s. is roughly around 10%. so i think we're going to dodge a bullet with jose. not out of the woods quite yet, a couple more days' worth of model runs, and we can be sure that it's a fish storm, but right now it's a fair shot that most east coast cities are safe

from jose. neil: you know, i'm showing my ignorance here, but it comes in handy because i am when it comes to this stuff. dan, how do you know, how close to, you know, a potential hit or potential turn do you look at a storm like jose? because i've seen all the tracking models, and it really looks like a bad etch a sketch p here where it could go any one of two dozen different directions. what do you look for in the next few days? >> yeah. those spaghetti models are the bane of meteorologists' existence -- neil: very smart, very smart. >> yeah, exactly. oh, it could go anywhere basically. let me put it this way, there are certain models that we look at and other ones that we ignore. the spaghetti models don't take into account which ones are the good ones and which ones aren't. there's a couple of models that did really well with tracking irma, and those are the ones that you sort of look at and say, okay, it did really well with irma, let's see what it

does with jose. having said that, remember with irma even the last couple of days before landfall we weren't exactly sure where it was going to go, so you can get some senate changes, obviously, in the days -- significant changes, obviously, irma those changes were the best scenario. might as well hit in the everglades and force the storm surge up through there, spare miami, the big west coast cities, and it's the best case scenario. you can get significant changes fours five, six days out. it's not something we can take our eye off, but right now we're looking pretty good as far as jose goes. good news. neil: all right, fingers crossed. dan leonard, thank you. in the meantime, we've got debt officially over $20 trillion, a lot of it result when we dotted the is, crossed the ts and went ahead and raised our debt ceiling, and that did make it official. now that we're there, what's next? ♪ ♪

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which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. neil: all right, our debt is over $20 trillion. we tease it often enough, but now by formally raising it and getting that three month extension that might work out to be more depending on how they whittle this down, and got

funding for hurricane victims largely in texas, that did the trick and got us over $20 trillion. to an unimprettied arizona republican -- unimpressed arizona republican caucus who doesn't like the way we're piling this debt on. you were not a fan of the deal that brought us here, right? >> that's correct, i wasn't a fan. these things should have been handled in a separate, step by step, disagoaggregated basis, ad if we would have done that, we could have seen some things that would have worked for the american people. by lumping them together, we've kicked the can down the road on debt and budget and crs and at no time even make provision to pay for this relief. neil: so your concern is that the president might have been hoodwinked by democrats, this is something he cooked up with chuck schumer and nancy pelosi, now mitch mcconnell has gone on record saying, you know, it isn't that early mid-december

deadline, that there are ways this keel -- this deal is written that the debt ceiling nightmare or whatever you want to call it could be delayed well into 2018. you're not impressed either way. >> neither, neither method seems appropriate the -- to me, but certainly they're out there. and i'm hoping that it doesn't get in the way of the agenda of tax reform which is something we can't fail on. we have to get that done. neil: maybe that's why the president did it. you don't -- you think there were better ways to do it, he wanted to clear the deck the get to tax reform? >> well, to clear the deck, i mean, tax reform's a separate issue altogether. i don't think he cleared the deck with this at all, actually, he kicked it down thed road. that's not clearing the deck. it seems to me what you need to do is say we're going to get the best tax reform package we can out of the house, let's at least get a bill in writing so we can be reviewing that.

neil: congressman, as a member of the freedom caucus, maybe i should ask you as an individual congressman, would you accept a tax cut that doesn't include everybody? i mean, there is talk that in order to win over some democrats, the administration might have to go slow, if at all, for the upper income, that maybe they don't get a tax cut but virtually everyone else does. could you live with that just to get tax cuts done? >> yeah, i think i might be able to live with that, but i'm asking to get something in writing in a bill so at least we can have the discussion. i think that we should try to get a tax reduction for everybody if that's possible. i think -- i'm a big believer that income tax deduction particularly stimulates the economy and improves our overall revenue process so we get more revenue in, not less. neil: the reason why i mentioned it is gary cohn, the national economic council head, told my colleague, stuart varney -- i think last week -- that it's possible that the upper income might see a tiny rate cut, if a

cut at all, but it would probably be offset -- i hope i'm not putting words in his mouth -- by limiting their deductions so that there are some groups, maybe the upper income, who would net-net be paying more. how would you feel about that? >> i'm not excited about that necessarily. but what we have talked about is eliminating a lot of deductions so we could streamline the income tax process for individuals. neil: right. >> of all incomes. so we'll see how that plays out. i just don't think you have to have a revenue-neutral tax reform plan, and that's what leads you to say, well, we're not going to get a tax reduction here, we're going to get a tax reduction there. i think that a revenue-neutral is just tax shifting, you're shifting from one group to another, and that's not really fair either. neil: yeah. i think by definition revenue neutral would not be revenue revolutionary, right? >> correct. neil: i mean, it would not be substantial by definition, and that might cause problems with you and some of your colleagues, right? >> absolutely. what you want is you want -- and

i do believe this, and i think we've seen it demonstrated in the past, that a healthy tax reduction and tax reform and simplification actually stimulates the economy which in turn produces more revenue to the budget so you don't need to be worried about, so much about the net cut up front because you know in the end it will have long-lasting, generational production of higher revenue. neil: all right, congressman. we'll see what happens. again, the details, we're told, could be a matter of days away. i'm sure you hope as much to get those details as anyone else. in the meantime, we're about 40 minutes away from that big announcement from apple. talk about lots of announcements, they're going to be doing it with that fancy-shmancy spaceship campus. this was the one that steve jobs had envisioned more than a decade when the first iphone was introduced to the world and changed everything. but a sellout crowd there is going to be hearing a lot about

a new phone, maybe a revamped watch, air pods, you name it. it could be as far as multiple announcements is concerned among the busiest scheduled events in apple history. coming up. ♪ ♪ when you're close to the people you love, does psoriasis ever get in the way of a touching moment? if you have moderate to severe psoriasis, you can embrace the chance of completely clear skin with taltz. taltz is proven to give you a chance at completely clear skin.

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neil: all right, these are signature developments when apple introduces a new product, especially an iconic one as the ten-year anniversary of the introduction of the iphone which was pooh-poohed by the industry saying apple was making much ado about nothing. of course, that was then, this is now. it is on the verge, about 20 or 22% away, that is the stock, from being the first trillion dollar company on this planet. deere yes bolton is here -- deirdre bolton is outlining what's at a stake because this breaks a few price points. >> oh, yeah. what's at stake, it's your wallet, your disposable cash. iphone x, as it's going to be

called, probably going to cost $1,000. so that sounds crazy, but if you look at what samsung already announced and its newest, latest, high-end phone that goes on sale september 15th, that phone is $950. so, i mean, at this point they're both just expensive, you just have to deal with it. neil: right. and they both figure their customers will and have -- >> yeah. i mean, analysts are really mixed. some analysts say, absolutely not, consumers are going to reject both, this is crazy. but then other analysts say, listen, americans spend three hours minimum on their phones, and our phones are everything now, right? it's like your video player, your music player, pc, it's also a phone, it's where a lot of people do work, a lot of people organize their home life. so we're using these devices. but i think what's interesting is both of these companies are clearly bucking an overall trend. every other consumer electronic good that we use has gotten cheaper. i actually went back and looked

at prices of tvs and i looked at prices of laptops over the past 15 years, they're about 50% cheaper. neil: is that right? >> it's only the phones that these two companies -- neil: i guess they figure if you build it and it's good, they will come, and they have in apple's case in the past. >> yes. neil: but they're confusing people too, because they are offering cheaper alternatives, and they are offering, you know, an iphone -- >> yeah, you said that. there's an upgraded 7 that we expect to hear about and a 7 plus that we expect to hear about. lots of new today. although the 7 and the 7 plus upgrades, those aren't cheap either, probably going to be priced around $650 and $750 respectively. but if you do want to spend big, i'm going to tell you what you yet for the money. you're going to get a fancy camera, both samsung -- they've already, obviously, announced concern but the iphone x is going to have this dual lens camera so you can be a little bit more artsy -- neil: galaxy has beaten them to

that. >> yes. but apple supposedly is going to catch up. we're going to hear all about it today. both are very into voice-activated systems, and one thing apple's betting on is this augmented reality. if your kids got into the pokemon go game or you want to see your favorite nfl player do a touchdown dance in your living room, supposedly the iphone x is going to make that possible. samsung has that stylus pen so you can write on the screen -- neil: right, right, for the note. >> apple, in theory, getting away or moving away from that home screen button is going to use facial recognition technology to unlock the phone -- neil: apparently can work at night. >> yeah. neil: which is weird. >> i feel like we need spooky music for that. and then samsung actually went with iris recognition sort of like tom cruise in "minority report." neil: right, right, right. >> what else is different? samsung has some sort of

software where you can use two apps at once. they each have their unique kind of bent -- neil: maybe you caught this too, and i'll deal with tech experts throughout the show as well, no one monitors the quality of the calls. it's all about the -- [laughter] >> that's true. neil: -- the image, the display -- >> but that was a joke for the first seven years. now, this thing is great, now if only i could hear my mom, that would be awesome. neil: do you think it's going to have impact on other retailers that people fork over -- and there are others, they're going to rework the watch and all of that -- that it hurts some of the other guys? >> well, if you look at the global market share, apple versus samsung, i mean, they're eating the world, if you like. apple's more than 40% global market share, samsung more than 20%, so these are he hefty numbs that only leaves 40% for the other players. the other players are, for the most part, breaking even on their phones. they all make electronic devices, but in the developing world, listen, people are not

going to pay $1,000 for anything depending on where they are. so there's probably a place for those lower cost suppliers, but it's where people are not willing or cannot pay as much. neil: do you think, though, that the risk with the success apple's had with all of these gadgets is that it's increasingly reliant on gadgets? in other words, it's not -- maybe they do this with apple tv and producing shows and all of that stuff, but it is a device contingent -- >> oh, yeah. and this, analysts are paying close attention because, i mean, the iphone is a huge driver, the biggest driver of apple's revenue. so i think that's where this heavy bent on, oh, but we're adding this augmented reality, ikes supposedly concern. neil: that just sounds stupid to me. >> it does, but there are some practical applications. supposedly, ikea is developing something where you can actually sort of project an image of a couch in your living room, see if it fits. neil: really? >> and that's really where apple

is hoping to come up with a trick to back up -- i'm not going to say it's a one-trick pony, it's certainly not. but you're right, they're overly reliant on the iphone for their revenue. but if in working with some of these app developers they can get the gamers, get some shoppers in a little bit more, and then you remember the teens and college students were going crazy with pokemon go. neil: oh, yeah. it's going to be crazy. i do want to go, thfl from a few moments ago, president trump with the prime minister from malaysia. let's dip into that. >> thank you very much. it's great to have the prime minister of malaysia and his very distinguished delegation with us today. we're talking about trade, very large trade deals. we're working on one deal where between $10-$20 billion worth of boeing jets are going to be purchased, general electric engines will be purchased and many other things. also malaysia's a massive investor in the united states in

the form of stocks and bonds and the stock exchange, and they have to be very happy because we're hitting new highs on almost a weekly basis. and so we're very proud of our stock market, what's happened since i became president. so i congratulate you on those investments. but i just want to say it's an honor to have you here, it's an honor to have your delegation with us. i believe you'll be at the united nations next week, and a lot of folks are going to be at the united nations next week. it should be an exciting week, and we look very much forward to that. but i want to thank you very much for all of the investment you've made in the united states. also the prime minister has a major role in not allowing isis or, as you say, daish and others to exist, and he's been very, very strong on terrorism in malaysia and a great supporter from that standpoint. so that's a very important thing to the united states.

does not do business with north korea any longer, and we find that to be very important. we had a vote yesterday on sanctions, we think it's just another very small step, not a big deal. rex and i were just discussing, not big, i don't know if it has any impact, but certainly it was nice to get a a 15-0 vote. but those sanctions are nothing compared to what ultimately will have to happen. so thank you, everyone, for being here. we appreciate it. mr. prime minister, it's a great honor to have you in the united states and in the white house, and thank you, everyone, for being here. thank you very much. thank you. would you like to say something? >> thank you very much, mr. president, for your invitation for me and members of my delegation to meet with you at the white house. i want to say that we are, we come here with a strong value

proposition to put on the table. number one, we want to help you in terms of strengthening u.s. economy. i come with three specific proposals. number one, we intend to increase the number of boeing planes to be purchased by mas. we are committed to 25 planes of the 737 max-10 plus eight 737 dreamliners -- 878 dreamline -- 787 deemliners, and there is a strong possibility that we'll add 25 more 737 max-10 in the near future. so within five years, the deal will be worth beyond $10 billion. that's one. we will also try to persuade asia to purchase ge engines.

secondly, we have employee private fund which is a major pension fund in malaysia. they've got quite a big sum of capital to be exported. they have invested close to $7 billion in terms of equity in united states, and they intend to invest three to four additional billion dollars to support your infrastructure redevelopment in the united states. and thirdly, our sovereign fund, they have an office in silicon valley, they have invested about $400 million in terms of high-tech companies, and they intend to increase that investment as well. secondly, the other goal of your administration, mr. president, which is to make united states

safe and the world safe, we are committed to fight daish, is, al-qaeda, you name it. they are the enemy of the united states, they are also the enemy of malaysia, and we will do our part to make sure that our part of the world is safe. we will also contribute in terms of the ideological warfare because you need to win the hearts and minds. and the key to it is to support moderate and progressive muslim regimes and governments around the world. because that is the true face of islam, that is the authentic face of islam. the more you align with progressive and moderate regimes, the better it would be in terms of winning the hearts and minds of the muslim world. >> right. >> so, mr. president, thank you once again. united states has always been our partner for a long, long time, and this year is our 60th

anniversary of our relationship, and i hope thatted the's meeting will make -- that today's meeting will make it even stronger in the years to come. >> thank you very much, appreciate it. thank you very much. thank you, everybody. thank you. thank you. [inaudible conversations] >> thank you very much, everybody. neil: all right. i always wait a little bit because i never want to leave too soon in case the president says anything else. he did not. but again, the malaysian prime minister really, you know, granted a startling news development there. it was anticipated that he would be buying some u.s. planes from boeing, not the number that were outlined though, 20 dreamliners, those new 737s and 20 more potentially as part of a longer-term commitment that would include ge engines.

now boeing, of course, which is dipping down a little bit, but it was in and out of all-time highs in anticipation of a deal, remember defense-related stocks have been up on growing friction with north korea and the defense commitment in general, you've heard all the bellicose talk which typically helps those stocks. but again, if we're to take the prime minister at his word here, this deal would amount to about $10 billion. that dreamliner, by the way, will be the underpinnings of the new air force one that the president and boeing have gone back and forth over to find a more acceptable price. this might be greasing the skids for that. also the president commending his counterpart in malaysia for doing all he can to crack down on terrorism and isis elements from taking hold in his country of malaysia. some people say he cracks down a bit too much, but the fact of the matter is isis has not been able to get entrenched there, and a lot of people credit the prime minister for doing that. so a very, very big deal and one

scored under the trump administration, one that was anticipated but i don't believe the degree to which this deal was scored. again, 20 planes with another 20 dreamliners to come over the next five years, a huge order, one of the biggest orders we've seen from a foreign government to buy u.s. goodies. we'll have more after this. not just being in the military, but at home. she thinks she's the boss. she only had me by one grade. we bought our first home together in 2010. his family had used another insurance product but i was like well i've had usaa for a while, why don't we call and check the rates? it was an instant savings and i should've changed a long time ago. there's no point in looking elsewhere really. we're the tenneys and we're usaa members for life. usaa. get your insurance quote today. i'm val. the orange money retirement squirrel from voya. i represent the money you save for the future. who's he? he's the green money you can spend now. what's up? gonna pay some bills, maybe buy a new tennis racket.

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neil: you know, the storms have passed, but the uptick in gas prices have not. after harvey and now irma, we're still holding about 30 cents higher from where we were a month ago before're storm hit. to john hofmeister on what might be going on. john, what do you think's happening here? >> well, i think the real issue is we're not back up and running at full strength in the refinery system, and until that happens, i think we're going to see upward pressure. i do, i did read this morning that there is a little bit of a drop in price in texas, which is a good sign. some of the outages have been resolved and stations are back up and running after harvey.

so i think every day it's going to get better, but i would look to the end of the month of september before i think we see some national price drops in the price of gasoline, and that's assuming the refineries all get back up and running. neil: yeah. and then the futures market bears out what you're saying, because futures traders trade on expectations of developments and forward-month contracts seem to be dipping down on the anticipation that that is exactly what will play out. but what do you think about the reverberations here? i mean, we learned, obviously, a storm in the gulf has a lott more direct hit on energy prices than one, let's say, off the atlantic or even hugging the west side of florida, haven't we? >> well, because the gulf coast is the home of production. neil: right. >> not only does the crude oil get produced in the gulf of mexico and all over texas, oklahoma, arkansas, etc., but -- and louisiana, don't forget -- but it also gets manufactured into oil products and chemical products. and so i think anytime you see 25% of the nation's production

capacity offline, which is what happened with harvey, you're going to see implications that carry on for weeks. you can shut down a refinery pretty quickly, and you can offgas some of the combustibles that really have to be let go when you do a quick shutdown. but you don't bring it back up quickly. it's a huge, complex undertaking, and not only do you have to do it technically correctly, you also have to have the right personnel on hand who know what they're doing. you don't take chances in a start-up because you can create a problem, you could have an explosion, you could have any number of things go wrong. and so you take it one step at a time, you check every box, and you know how to do it. but you have to have the right people in the right place at the right time. neil: well, let's hope we have all of the above right now. john hofmeister, great seeing you again. >> thank you. neil: i just want to pass along some good news, eric and laura

trump are welcoming their first son, this would be president trump's ninth grandson -- grandchild, i should say. and, again, just a few minutes ago. so they have another child for the growing, brooding family. not too shabby on a day the president seems to have reclaimed the initiative on taxes, on getting his legislative agenda going and doing it sooner rather than later. all of that as he meets with the malaysian prime minister and sorts out what will be an a aggressive day to start telling tax reform even among democrats. three of the attendees tonight are three democrat, three very vulnerable democrats. more after this. can i get some help. watch his head. ♪ i'm so happy. ♪

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♪ ♪ neil: all right, the president's going to be meeting with six senators from both parties, three of them democrats. that is noteworthy here. of adam shapiro on the hill with more on all of this. >> reporter: hi, neil. and these three democrats are key because they're up for re-election in states that president trump won very strongly during the campaign. i want to give you the names, joe donnelly from indiana, heidi heitkamp from north dakota concern who traveled with the president to talk about tax reform when he spoke to the crowd there in north dakota -- and joe manchin from west virginia. remember, in the senate if they do tax reform the way it's

envisioned and want to avoid the filibuster, they need at least two democrats to cross over. here you've got the potential for three moderates who might line up with the president, especially since they're up for re-election in states that the president won. but the other issue are the details of tax reform. we expect to start getting the details later this month when chairman brady from the house ways and means committee finally starts releasing details so we can go to markup. here's what the legislative liaison between the white house and capitol hill had to say about a where we're headed. >> since april, the white house has met with over 250 members of both parties of congress to discuss tax reform. soon we will release a unified outline with congress, and the committees will get to work on a bill. and the spending deal that we reached just last week provides the legislative space we need to get this done this calendar year. >> reporter: so to keep this all in interspective --

perspective, we still need the details, but the questions they're trying to figure out here, neil, how to pay for it, how to score it so that you can pay for it, and then this issue of the 15% corporate tax rate. the president is adamant that's what he wants. last week we said ideally the corporate rate would be 15%. but in the house they've said maybe 20, 25%. so that's what's the holdup right now. neil: and even his treasury secretary has acknowledged the 15% might be unrealistic. they still put it out there but fully expecting it doesn't stay that low, right? >> reporter:s that is correct. look, they went through this in 1986, and back then they said you couldn't go below 30%. they think they can get 20-25%, and you heard last week paul ryan say 32.5 -- 22.5. that's what they're aiming for. neil: yeah, but it can only go up from that. it's always a conundrum. adam shapiro on capitol hill closely monitoring this. i should also stress that part

of his discussions today, treasury secretary mnuchin also said he would ideally love to see these tax cuts retroactive to january 1 of this year even if they -- and i'm adding this -- even if they were completed next year. the president, meanwhile, is going to be pushing this big din-din tonight, he plans a 13-state blitz to tout tax reform, even possibly visiting neighboring new jersey when he is in new york next week for the annual united nations general assembly powwow. charlie gasparino on what he's hearing on all of these developments. a lot going on here. >> a lot going on. he's going to employ, i guess bring out art laffer, the great supply-side economist, larry kudlow, one of the architects of the current plan, and steve moore, bring them all -- they're apparently going to play some role in this. neil: but this isn't -- so far, we don't know the details, so i don't want to jump to conclusions -- this isn't quite

reagan-esque or supply-side dream here. >> well, i will say this, if you talk to larry -- which i was on his radio show this weekend and i speak to him regularly -- larry believes trump is totally committed to a 15% corporate tax rate and for lowering taxes at least as a starting point and as the main focus -- neil: that's interesting, as a starting point. follow-up after? >> well, no, as a starting point for other reforms including individual tax cuts. neil: i gotcha. but he would do both concurrently. >> well, either both or start with tax cuts and pivot to the individuals. neil: oh, interesting. >> i think what larry would tell you is that he's committed to going big and bold. neil: for everybody? >> yes. that's what larry would tell you. now, whether this happens or not is a whole other story. donald trump did not do himself any favors by cutting a deal with chuck and nancy last week, by temporarily delaying the debt ceiling increase -- neil: by the way, mitch mcconnell's telling "the new

york times" it might not be such a temporary delay, it might be well into 2018 the way he's manufactured it. >> well, the way -- when they have to come back -- neil: right. >> concern that's what their going to push for. so this is really up in the air stuff. i mean, so he's going to new york, he's going to start pushing this in new york and new jersey, and is he going to explain that his people want to get rid of the state and local tax deductions for individuals? i mean, is he really going to push that when he comes to new york and to new jersey? neil: he could go back and tell them they're taxing too much here. >> maybe. but let's see what he says, and let's see -- i mean, i think one of the problems that donald trump has on all these issues is that he wings it way too much. there's not a lot of thought going into how he's actually procedurally trying to get stuff done. i mean, you know, this thing with pelosi and schumer was pretty dumb. backed the republicans into a coroner three months. neil: -- corner in three months. >> others are saying he cleared

the decks a little bit. you just don't buy that? >> who's the others? neil: moderate republicans. they're saying anything that improves the chance of getting tax reform done, we're for. but it does beg the issue, they've got to yet it done -- got to get it done. >> there's no logic to what they did, and if you really -- neil: well, no one's worried about the debt ceiling for the time being. >> for the time being, but it's 09 days -- neil: i agree, but it could be longer. >> what do you mean? neil: i just told you that mitch mcconnell was telling you the real deadline could be well into 2018. >> not the 90 days? who knows? neil: mock me -- >> these guys make stuff up constantly. neil: you think we're going to get tax cuts, more to the general point? >> i think if the president approaches it in a semi-coherent way, we probably will. the problem is that he's shown no coherence in legislative process. i mean, listen, you can blame

paul ryan and mitch mcconnell all you want about health care blowing up, and they deserve some blame for it. but let's be real clear here, he came out the minute the house passed their version of health care, said it was too cruel. so what was going on? neil: you sound like a hater. >> i love him. neil: really? >> i actually like him a lot. neil: you like someone? >> listen, i was pretty rough on obama. neil: what do you think about the pope? >> love the pope. neil: you do? >> did you hear about ted cruz? neil: stop. [laughter] all right, we're minutes away from the big apple event. we'll detail what's at stake in their futuristic headquarters ten years after the introduction of the iphone itself, after this. ♪ ♪ "grandma! grandpa!"

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neil: all right, minutes away, happening about now, apple on 10 year anniversary of the iphone will be releasing a new phone. apple x . they will upgrade their watch, it will be capable of having its own cellular connection. the stock this year has been up about 40%, giving back a little bit now, most of the time, not all of the time, exception was with the apple 6. iphone 6 a few years back. stock trended down the day of the announcement, by and large, there is a lot of buying ahead.

we don't know. but, who doesn't. hillary is there. a lot of excitement there? reporter: a lot of hype around apple 10 anniversary flagship device, in just moments apple ceo will introduce us to the new device, some details have leaked out, giving us an idea. 3 new iphones reportedly unveiled, 8, 8 plus and iphone x . the flagship device that is stealing hype, saying it will ditch apple's, connic ierk icone button, using facial recognition, technology, face i.d. scans your face, and lets you access your phone. even allowing you to approve purchases by looking at your phone. and it can create your emoji

game, it looks like you and mimics your facial expression, iphone could feature wireless charging. we're expecting updates on other apple devices, 4 k resolution to come to apple tv, and apple watch, maybe cellular activity, you can make and take calls from your wrist. and we're expecting updates about the augmented reality platform, and airpods, this big announcement will happen here at steve jobs theater, this is on apple's 5 billion dollar brand-new campus, this is first time a lot of apple employees have seen the inside of this. a thousand dollar price tag we're hearing from the iphone x, that new makeover could make or break whether or not consumers are willing to ditch the old and buy the new. neil: thank you very much. we get updates on this we'll keep you posted, a lot of you are saying, you -- blah blah,

there are not too many companies on planet that sell tens of million of anything over course of a quarter let alone a year or generate revenue that this one has and does or about 20% away from being world's first trillion dollar company. it does by that definition alone, it warrants coverage, a lot of people see apple as glorified retail mutual fund. in this case. they are putting down that kind of money for this stuff. it could be a counter retailer indicator. traditionatraditional retailersd there will be less appetite for stuff they make. we'll follow it. it is a lot of neat, cool stuff that people get excited about.

everyone needs to calm down. i am just telling you. in the meantime we have about 5 1/2 million people still without power in florida effort myers is facing a massive clean up, mayor on the phone with us, mayor, what does it look like there today? >> we're in full emergency mode, making sure we're minimizing human suffering, to date i have not had an announcement of one fatality in our city or region. i am here can congressman rooney, in a emergency vehicle, we're getting ready to tour the city, we're in full recovery mode. neil: a lot of people relieved it was not worse, but there is still a lot of flooding, i am sure there is a good amount of damage, eyeballing it, when do you think residents will be in a position to return? >> we have residents that are returning as we speak. they are doing it safely. and smartly, we're urging

everyone to be careful of carbon monoxide, congressman rooney and i are headed to a water flood area right now, we'll take observation. he has been supplies food to this area for us. pump, generators and chainsaws. we're transitioning and we're doing it in safe mode. neil: you know, i did notice, mayor, a lot of building and rebuilding maybe back to andrew in '92, you can't make things hurricane proof, but a lot of folks in the area, made building structures a tad more hurricane resistance. that might have made a difference. >> clearly, it is the indication we have suffered nominal structural damage to facilities, first primary is human life, then facilities, it is a good

story we got lucky on the surge. neil: my best to your and your hard work and your congressman as well. >> thank you. neil: all right, in the meantime, fema says that irma took out about 1 out of 4 homes in the florida keys, on the phone with us, a restaurant owner. eli, you are in europe right now, but you learned that your business was leveled, is that right? >> well, i on a good side, i just got a land line phone call from my landlord, my trailer is in tact. but the property that i am on, huge tree, i don't know what style, landed on the house next door to us. >> man. we're very close, we're very lose to having our trailer taken out. it is bad for others next door to us who are business owners.

and you know it is sad to hear that. i am not there. but when we hear a big tree falls on a building, that is you know, that means you have to rebuild it is scary, it could have been worse. i'm getting information from people bits and pieces, i am here like you said in europe, we're stick6hours ahead, this is anticipating the waiting. i have not heard back from my in-laws, i know they are okay. they since me a facebook message, telling me they were all right. after the storm passed, but now they don't have power, or cell service or water, we're just waiting. you know i know they are in good hands, and they are getting taken care of. we also heard fema is in there. and you know, there is not

enough food. fema has been bringing food, but you know,rationing is a problem from what i understand. neil: hopefully that will sort itself out. i wish you well. hope our business gets back up and running, you have quite a few fans in the area. be well, be sare safe. >> thank you very much. >> thank you very much, appreciate it. neil: all right, in texas, today in florida visiting his mom. >> we're on television right now, you know. >> oh, no. for heaven's sake. when were you going to tell me that. >> i'm telling you right now. >> goodness. >> let's see the bath tub, i am glad she is okay. you turned out okay. >> yeah, everything is fine.

you know bathroom is close to the bedroom that is good. reporter: you don't have power. >> no power, i have the big light going here. reporter: the light, oh, don't show that, bob. >> i am glad i combed my hair. and i am glad i made the bed. reporter: okay. i did that. i cleaned everything out of here. yeah. i took the chair out. reporter: you were in here. >> i was there. reporter: okay, already, i am

ow windows, she does not have storm shutters, i said i would put a mattress up against the window if i were you. she is a tough one. like a lot of people here. don't leave for whatever reason. and you know, at her age she is 91. >> wow. reporter: going somewhere meeting ways. if you go somewhe friend.

and the gang. neil: as jeff was speaking, tim cook saying apple will do its part to help folks in this neck of the woods and talking about venue in which he is making the announcement, with a new iphone and et cetera. this was the reality that was steve jobs' dream years ago to have a state of art conference center, headquarter that would likely a station. it does. and there is a -- some modern gizmos and gadgets, befitting apple on a day the company is making a sweeping array of announcement. usually one big product or two, but this is upwards of a half dozen different. if you don't like one, stick around, like the weather,ing in change. after this. copd makes it hard to breathe.

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neil: all right we're monitoring the apple events, tim cook discussing the apple watch. i don't. this is more significant to do, our debt, it is not stopping. to former george h.w. bush

economic advis advisor tad. we rarely retrace our steps, we keep going on, is there anything stopping. administration argues that tax cut will create a surge to slow the trend. >> this is a time bomb. kim jong-un wishes he had this to use on us. it is going to get worse. almost half of federal budget is about entitlement, social security, and medicare. neil: no one will touch that. >> that is part of a good news story, people are living longer. tom brady is playing at age 40, and mayweather won the fight at age 40, anthony weiner is still texting. neil: right. >> people are living longer, that means they draw more on social security we have to either raise the retirement age or raise taxes quite a bit. neil: no one shows an appetite for addressing these programs or

slowing the growth. you know paul ryan seen as throwing granny off the cliff. can we keep it going? a lot of people are enthusiasts of big tax cuts that create a boom. >> if we can and create more revenue that is terrific. i was looking at my daughter's high school history textbook, i flipped to 1980s to see their take on reagan years, all they talked about was debt that reagan wracked up, they did not talk about the economic growth, that sparked a 20 year rally in stocks in growth. and fact by winning cold war we could cut defense spending. we've seen in past if we take prudent act we can save money on spending, the question is whether the spineless folks in

washington come up with a plan. neil: now we're hearing from the likes of mitch mcconnell that, it is not just a three month deal. he could push this out to 2018 before they revisit it. saying that, do you think that is the start of an agreement on tax cuts or reform of any sort. >> i don't think that anyone in washington has a clue what is going to happen next regarding taxes or the debt ceiling. i do think that there is debt ceiling charade that we go through almost every year, something like 75 times in our lifetimes, we had that debt ceiling problem. and yet debt gets bigger. this is not helping. neil: when s&p downgraded our credit rating, that -- we didn't go to the brink it was just theatrics ahead of that, that prompted that move.

>> those folks who say we don't have to worry, say the world is willing to lend us money at about 2%. so who is worried. we should do, i have argued on for this on this program, and "wall street journal" u.s. should be locking in long-term debt at these amazing rates, we should issue 100 year bonds, some people think. neil: don didn't belgium do tha. >> yes and mexico has done it. neil: u.s. transportation secretary, elaine chao said that infrastructure plan will be ready later this fall, what do you make of that? >> democrats will be happy to spend whole lot of money on infrastructure, the question has donald trump and elaine chao figured out a way so it is is not coming so much from federal purse, but they can kno can inte the private sector. neil: a little bit of both. >> or a light of both, there is

reason to be skeptical on washington d.c., both parties are broken, and president is trying to decide which party is really willing to make a compromise and work with him. neil: you are not confident that tax cuts, are going to do much to change? >> i think that if we have prudent tax cuts it could happen accelerate thetic and ex address debt situation, but if you talk about odds of a big tax cut this fall, flip a coin. when donald trump came into office and paul ryan and mitch mcconnell looked confident we might have said 80%, they control all branches of government. i don't know who? control now. neil: there is that, todd thank you, very much we should add that treasury secretary mnuchin indicated whatever they come up with, he would love it to be retro active to january first. he might have been telegraphing they will have problems at the

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neil: all right, we're following and monitoring the apple development today. reminding me that some big news saved for last, right now tim cook talking about the apple watch. number one watch in the world, smart watch i assume. but that it will show heart rate on its face, and built in cellular capabilities. whether you may extra for that i would imagine. but who knows. also, steve jobs, and tech analyst is here. kathy is coming from philadelphia. cathy, beginning with you, much depends on reception for the new iphone x . that reminds me of a super bowl

symbol, it could be pricey. carry a $1,000 price tag. will people respond well to that? >> well, i have seen two sides of the coin, a lot of people say yes, they will buy an iphone, and an' apple device no matter the cost, if you look at top of line, iphone now you are paying almost a thousand dollars. a lot of these. neil: yo you are talking with americ.>> right. >> you talk about payment plan, month per month over two years that is $40 a month. i think i lot of people are tied into apple with their devices connected the they have bought movies and tv shows, they are not giving it up for android device to save a few hundred. other side of coin, i talked to people who say if is over $1,000

i am switching. i have so seen two analyst repos and two different opinions, i am a camp they that i believe they will be a to sell the devise to people, they do what they do best. neil: proven with galaxy note and other products, people are buying. you know this is nothing but wind at the back for apple, they have the other phones. cheaper alternatives with lower models. >> i think they will be fine, today's announcement stuff that interests me about today is actually not the iphone, there is the watch that is unteggerred. -- untethered and home pod. neil: the watch will have same phone number as your phone. >> the point is, that the apple ecosystem that started at this one computer, software and hardware, is now getting bigger

and bigger and bigger. it is getting into your car. apple is going to be at every point of your computing life. neil: that watch is a bigger deal than we're making. >> i think that the watch is a big deal, it is do a lot of interesting things what you don't have to have your iphone around. neil: all that. >> that could be a significant development it had a slow start, this is speeding it up. >> i think it help not having to carry your phone. but i don't want to dismiss importance of the iphone x . which i mean, at heart of this, in terms of apple business that is the heart, laurennin launchiw premium device, they have been doing small. this a caree year they have beeg for, changing design tram at belie, and wireless charging and new features. it is a big deal.

for them this year. neil: i am an apple shareholder have been for decades, i am not trashing. there will be shortages, right. and always are. i wonder whether -- >> i don't think they are manufactured, they would like to get all money in to this quarter. this quarter. neil: i hear that. >> you know their supply chain changes bit by bit as they go out, and need new materials. and it is very hard to keep up to the incredible volume of things they manufacture. nobody sells you know. millions and millions and millions of thousand dollar anything. >> they ran into issues this year, they worp goin were goingh a touch screen built into the screen, it was going to be built

into the screen that was the original plan. manufacturers were not able to pull it off, they had to yank it, there is no touch i.d. on this phone. neil: what does it have. >> facial recognition. infrared scanning, almost a lead threet3-dcapture of your face. neil: i don't want my phone to scare me. they are going to have the less alternatives, something for every price point. how do you think it will sort out. any risk of company cannibalizing off of its own products. >> i saw a analyst report concerned about that, the increment of price goes up, every 50 to 100 dollars, they are at risk of that. there a low-end model for iphones and a mid-end model, but i think this is the ultra uber-model of the iphone.

i think that they really have not come out with something that is very top tier. this is a redesign. like other gem were saying, they have not had an extreme radical redesign since the 5. this is really for that top tier level. they are at risk of, that i saw some comment on that, but i think that you know generally, this is the one that people are going to go to that really' to look you know that are wealthy, they want to show they have the high technology. apple does a good job of building' a lot of hype, and not having enough. neil: they sometimes seem to be as product centered. and maybe that is it has bellin and whistles, a lots of companies make it off services and apple tv. >> apple service revenue went from 14% to 16%, of all of its revenues are services. all these things even fancy

emojis that are coming out today, you could dismiss. as welcome. neil: what is that more animated. >> animated. >> they will use face recognition software to be able to animate an emoji, there are little things like that, that people, went o once you see some else has that. neil: i could see someone with that and i would not be inclined to want the same thing. >> yes, you would, neil. neil: with you, to be clear, i am joking with you. but, i didn't think all other stuff with i-tunes. and services that can weather a hardware product that might not sell as well, you think it can, the stock is racing up, very close to all-time high. >> i think they are trying to build that business, we're seeing increases, if not amazon's level in terms of service but a more stable form of income, i think that is their

plan for years down the road, that i want to be 30% or 50%. >> for investors this is significant. it is a much more predictable income stream than the ups and downs of products. >> you are not going to cancel your netflix account. neil: fair enough, no word on kind of movies, or make of their own. >> better than planet of the apps. neil: early on, phone carriers, are they going to be beneficiarities in a big way, that is the halo effect of apple. all others are up so much. many argue that our economy for example if you are prone to buy this, you are less prone to buy anything else? are that you selfish? this materialistic? apple is hoping you are. we'll have more after this. think your large cap equity fund

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neil: i want to care clue -- clarify something, going to apple announcement, cellular connection that stuff, apple is bragging about fact it is the best selling watch, on the planet, that includes any and all watches not just smart watches. i might have said smart watches, this is all watches on the planet. a lot of build up ahead of the big announcement with iphonex. a super bowl x . that could be after this. gerri willis with latest on what she is hearing in particular cellular contracts. reporter: that is what i was interested in, how do i get my hands on this thing, and what do you have to pay with the phone, $1,000, a tab for the new iphone x . carriers are likely to go out of

their way to get you to preorder with them. issuing special offers in end may make it cost a little less, at&t is pushing ordering on-line, to skip the long lines at apple store. promoting web site, and my at&t app, process takes 3 screens, select your device, accessorize, and protect and check out. according to a spokesperson yesterday. and that company now offering to get this 650 dollars to payoff your service contract and old device when you get a new phone and switch to t-mobile. we have wh yet to hear from vern and sprint, that become later in the day. why are we convinced there will be special offers? remember when samsung gal goldman sachsy note -- galaxy note 8 came out some began

payment plan offers. you don't have to switch carriers, if you are interested to iphone x or 8 and you want to stay with your carrier, reach out directly to your carrier to see what offers they might have. i was sellin sill sitting here,e t-mobile ceo tweeted this, woe, those apple watch are awesome, yep you will be able to get them at t-mobile. this is a big, vin fo event, for the carriers but may pay out to get new customers, neil. neil: all right. thank you very much. >> another read on this, not just watches but what is being waived out, deirdre bolton. others -- are you speaking for a reason. >> right. neil: did you know i told you

during the break all that requirement for 10 steps, is 10,000, staff broke it to me after i came back from hart heay said neil you have to move more. >> move it. neil: now they will have the heart rate on the watch. >> untethered. neil: why is that big. >> huge, we talked about phones samsung versus apple, samsung smart watch has been untethered for a year, this important for the joggers and watchers, this is for the watch, apple watch, untethered. the carrier stocks, at&t and verizon bullish for them, when you running, nice to have some music and streaming this individual data plan will be good for carriers. we saw this bump, another group that is getting a nice lift from today's events, optical laser

making stocks, 3-d senses lasers if the iphone x is going to use facial recognition technology instead of home screen button that company might get more business from apple. and also solutions, they make fiber optic components that control idea that next trick of for the phone could be improvements to augmented reality, in many forms for gamers, we were talking about shopping. supposedly apple, as we know a big strong, working with app developers so that ikea is one, you want to see if a couch fit or looks good in your living room, you can project it and there is a lot of hollywood and fun uses, if you want your favorite nfl player do a touchdown dance in your living

room that is something like that may be a possibility. and the gamers, "pokemon go," your son plays it so does mine. and maybe there will be a version of that. neil: you know this is like they are taking over the world, no one realizes it. >> go for regular. neil: you know, i want to help you out, i know you know, you are an athlete. >> thank you, neil. >> in the morning i was done, not. but they are everywhere, we have not heard apple tv plans or movies. >> a not -- this is first time that apple releasing 3 phones at once, the first time that an even coming from the huge spaceship-like with steve jobs theater, a thousand seats in auditorium. and there are a lot of people waiting for developments either maybe a tv show or some sort of

tie up with hollywood studio, maybe an app, maybe stronger. the new, new thing. neil: yeah, our kids will lead the way. they will lead the way. nothing augmented reality about deirdre. i would i would work that in. apple stock is up on this, this is not typical, normally on days of announcements with exception of iphone 6, the stock sells off, it has been running up well in anticipation of new offering. and a lot depends on sale, they could be predicted there -- restricted there could be a shortage. we'll see. stock is very close to an all-time high. about a buck away, we'll have more after this.

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and on the phone, you know they are benefit as well. that is what is happening. then you have new apple tv. have 4 k, live news, live sports, anything where live business news? better not apple. larry glazer and jared levy, what do you make of this multiple series announcements, the big one last on iphone x . >> i have been getting blogs, the biggest one, i believe that i don't think will get enough credence is this watch, untethered $399, this opens up, releases watch from chains that bound it in the beginning, i think this takes off bigger, this wraps into that ecosystem you were talking about people signing up for apple music. and then maybe, just maybe in

next year, we could see an acquisition of content provider like a netflix. i think that probability is higher than people saying. but i like all that i see. i am just watching my notes. neil: they can do that on their own, they have a arsenal there. larry, you look and listening, to all these developments, idea that stock continues to race up. i know that you know in layman's term, this is not all that rich, i think trading 18 or 19 times earnings. but it could go the amazon route, and just balloon on its own. you know, get unshackled, what do you think? >> you know, we're in uncharted territory, the world's most valuable company looking at a trillion dollar market cap, and they are trying to sell most expensive cell phone ever sold to a mass market, they need middle class to dig deeper in their pockets. to make this happen.

and -- >> they have tapped in. >> it has happened, no doubt, but they will have priority their shiny new toy over college education, and retirement, they will. they wil will take a mortgage ty this phone. neil: it depends if they like their kid. do you see this leading the economy? apple in past has affected gdp with surge in electronic-related buying, it is going to potentially have that? or does it offset retail sales that normally would have gone into other items to larry's point? >> i think a little bit of both, i think that larry is partially correct. but when a new iphone comes out rest of models drop down, now i deem to be most current release, the iphone 6, those phones will trade for $200, now

yeah you middle america does not have to pony up, you can get those who didn't want to buy the really old ones, they can get a 6000, and a mod -- 6 x now, generate sales but opens apple to new consumers. neil: all right, is the stock getting rich to you? >> you know like this apple has buoyed all major market averages this year. stock up about 40% this year, expectations are very high for the company. you can get just any air pocket, and disappointment in product, or delay or so slowdown it could weigh on the market as a whole, good time it take profit to rich growth stocks. >> quickly, did you know it 10,000 steps, not 10 steps a day. you did know that. >> i can't make it to 4. now i know. neil: all right now seconds away from iphone announcement.

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all right we have been monitoring apple event this is not the iphone 10 but 8 and 8 plus, we know that, because the iphone is going to have a vertical camera in the back how i know just i know, one announcement after another this -- this company hopes to

continue about on technology goodies you have to buy even at the top and with an iphone 10 whatever else they are going to call it priced around 1,000 bucks, the company confident you will happily pay that, trish regan i guess he will see. >> you got to have iphone right everybody has an iphone almost charge whatever they want neil thank you so much all over that right now, breaking right now apple holding most important event, in years. everyone watching the 10th anniversary of the iphone, the iphone about to come out company going to unveil a new product including new apple watch new apple tv, and, of course, the highly anticipated iphone x , all over it for you watching apple shares right now, welcome "the intelligence report" apple on the board for you as we look at dow up 62 points, again apple coming out with all kinds of