we're going to win that the people of missouri are going to go to your governor and say, governor, please go see the president, we can't stand winning so much. remember, i used to say that? right? [applause] i used to say it, and that's what's happening. that's what's happening. [applause] and then the governor's going to come to that beautiful historic oval office and say to me, mr. president, the people of missouri cannot stand all this winning. they don't want to win so much. they love the old way. [laughter] >> where they had lousy job numbers, lousy economic numbers. they loved it. >> no! >> please, mr. president. please! and i'll say governor, i don't care what they say in missouri we're going to keep winning and winning and winning. remember?

that's right. [applause] i used to say that, i had fun with that but we are winning, we're winning again, we're winning a lot bigger than anyone ever thought possible for such a short period of time. for too long our tax code has incentivized companies to leave our country in search of lower tax rates. it happens. many, many there going all over asia. they are stopping. they want to take advantage of what is happening and what we're about to pass hopefully. my administration rejects the off-shoring model. in other words, let's build a factory in another country. isn't that wonderful? that really helps us a lot. fire everybody and let's build the product and send in without tax. that model never worked for me. it shouldn't have worked for any of other past presidents, believe me.

new model is american model. call it the trump model where we build it here. as much as possible we build it here. simply put our tax plan is anti-offshoreing and 100% worker, 100% pro america. [cheers and applause] unthe american model we're reducing burdens on our american businesses as long as they do business in our country. now they do business here. we love mexico. it is a wonderful place. i don't like when our car companies move to mexico, fire everybody, build the same car in mexico. send it through our borders with no taxes, no nothing. we buy the car. same price. we buy the car. in the meantime, what do we get out of it? which get no tax and we get unemployment. that is stopping. now the plants are starting to

move back. and now there is a price to pay when they do that little number on us. [applause] that is how we all succeed. we grow toth, as one team, one people, as one american family. [applause] this week's vote can be the beginning of the next great chapter for the american worker. to summarize. our plan cuts taxes for the working and middle income families. it nearly doubles the amount of income taxed at rate of zero. it lowers the tax rate. it expands the child tax credit. it provides relief from the estate tax also known as the death tax. it cuts small businesses taxes it reduces the corporate rate from 35% all the way down to 20%. it provide as one-time, low tax

rate to return corporate morn any parked overseas, trillions and trillions of dollars. this is the right plan, this is the right time. we have a moment in time. the republicans have the senate. the republicans have the house. the republicans have the white house. it is very unusual. very unusual. [cheers and applause] this is our chance to free our economy from our workers from the terrible tax burdens. we have workers that are so burdened with taxes, we're freeing our workers from those terrible burdens. republicans in congress campaigned on cutting taxes. we also campaigned on repeal and replace. it is going to happen. it is going to happen. take your time. it is going to happen. going to happen.

[applause] many democrats have promised tax cuts that don't mean anything because they really want major tax increases. senator claire mccaskill, have you ever heard of her? [booing] is doing you a tremendous disservice. she wants your taxes to go up. she is weak on crime. she is weak on boarders. she is weak on illegal immigration and she is weak on the military. other than that, i think she is doing a fantastic job. [laughter]. [applause] but now comes the moment of truth. in the coming days the american people will learn which politicians are part of the swamp and which politicians want to drain the swamp. [cheers and applause] if you make your voices heard and call up your congressman, and they have been terrific, and

call up your senators and they have been totally terrific, most of them have been incredible. they really are. they are really friends of mine. they have been incredible but it doesn't take much. that is why we need more. we need to have a larger number. most of them have been incredible. call your senators, call your congressman, because we have no choice. we have to act. we have to act, as a country. this is in good for the republican party, this is good for the country. that is ultimately what it is all about. [applause] so this week hopefully the senate can join the house and take that strong stand for middle-class families and for business, and for jobs and for competition and for bringing money back. together, we will give the american people a big, beautiful, christmas present. [cheering]

remember, i was the one here last time, i was one said you go to the department stores and you see happy new year, and you see red, you see snow, you see all these things. you don't see merry christmas anymore. with trump as your president, we are going to be celebrating merry christmas again and it will be done with a big, beautiful, tax cut. thank you, everybody. god bless you. thank you. thank you, everybody. thank you very much. >> president donald trump in st. charles, missouri, gdp and of course about the u.s. economy. the fact that these tax cuts on the floor with the senate right now need to be passed to help the american people. hello, everybody, i'm cheryl casone. i'm in for david asman today. melissa: i'm melissa francis. this is "after the bell." let's go straight to jeff flock

in st. charles, missouri where the event just wrapped up. jeff? reporter: oh, boy, the president is on fire today. everything from the tweets, you see them there, from the thrall of the crowd. this is 1000 people invited. these are all on the trump team i think it is fair to say, but i tell you the president today, everything, i can't even keep it all straight, what he had to say. everything from another "rocket man" reference to pouring rocket fuel on the economy with his tax cuts. the big headline is putting as much pressure as he can on the senate to do what he wants them to do, which is to pass this tax cut plan. trying to answer the critics i think fair to say, maybe we don't need a tax cut. economy is doing fine anyway. those who say only wealthy helped by this. president repeating multiple times. that not the case. trying to read my notes on here.

he really was on fire today. attacking the senator here in missouri, democratic senator claire mccaskill. people suggested he was going to try to court her today. if he was courting her, i don't think that was the way to go about it. he said she was pretty much weak on everything. kind of all the things she he said about roy moore's opponent. melissa: jeff, if you could open my mic we want to listen back here. he is back at the mic. let's listen. reporter: sure. the president is back at the mic? i don't see that. he is shaking hands, what he is doing, melissa. melissa: that was direction in my ear. we're trying to go back to follow along. doesn't look like that. sorry for interrupting. reporter: no problem. he is shaking hands. it was crazy one.

he was earlier and spoken longer than he intended to. at least we thought he was going to do. let you hear some of it, if you missed some of what went on here today, making the point again, that this tax cut and we don't know exactly how it will come out, obviously it will go to conference committee even if it gets through the senate. he says it will be the biggest tax cut in history. listen. >> the biggest tax cut in the history of our country. bigger than reagan. if they send it to my desk, i promise all of the people in this room, my friends, so many friends in this room it is a great state. i promise i will sign it. i will not veto that bill. [cheering] reporter: he also said, basically responsible for the way the economy has gone, the positive moves in the economy that helped a lot of people that i don't even like. those banker ceos, i don't even like them, but it has helped them. he was on fire today.

melissa. melissa: yeah. no, he was. i felt like he was doing stand-up, on the campaign trail in vegas. doing his favorite bits. i loved it. it could have gone on for hours. but alas, we have jonathan hoenig, capitalist pig hedge fund and we have former minnesota governor tim paw lentty. i start with you. how do you think that played? >> the president seemed energized and very optimistic and outlined his case for tax reform today. i think it was a well-done speech by the president. melissa: rachel. how do you think it went? >> i think it was vintage trump. he made the case this, that this tax bill, he says is anti-offshoring, pro worker and. he comes at this, melissa, with

a lot of credibilities because he made this economy already boom. i have live here in wisconsin. i have a brother-in-law who has a small business selling stoves, fireplaces. they're turning people away. there is real confidence in the economy and places that were once forgotten. so i think when he tells this crowd, listen, this tax bill will make our economy go even better, i, the stock market even higher. more jobs, bringing money from offshore, i think people believe him. melissa: jonathan, it was very much a speech like we heard on the campaign trail. does that go out there and sell the tax bill? because it was, it was vintage trump, but i mean does that get people on board that weren't there before? >> rambling, freewheeling, just spur of the moment vintage trump, exactly as you said, melissa, but i will tell you the market seemed to like it. rachel alluded it. the more trump talked market

ultimately, he veered off the topic many times, kept coming back to the idea of lowers tax, the truth it will benefit economy, it will benefit the rich and benefit for the poor. trump once said he could shoot people wouldn't hurt his chances, this speech as strange as it was, didn't hurt the market. it helped it move higher to a record close. melissa: governor, i don't think jonathan is huge fan but as he reviewed that speech, he still found a lot of same things other people did, even though it doesn't sound he likes the guy very much. so, what is that tell you? i mean maybe then the message that he is intending is getting through this this would be good for the economy. i can hear democrats on fringes shoutings he is lying about the fact that it is going to help his rich friends. you know, what is the general take do you think, outside of that room? >> i think you have to compare what is being proposed to the status quo and the status quo in

most recent quarters is 2% economic growth which is anemic. you have to compare it to wage growth which is nearly nonexistent. you have to compare it to economic anxiety, particularly for people moveddest skills or modest income situations. compare it to people who are very worried about being able to meet and pay their bills. melissa: yeah. >> if you're against this bill you're for the status quo. nothing else is coming. this is going to pass. the status quo is pretty ugly for a lot of americans. being for reform and change, trying something traditional is where we need to be. melissa: rachel, some say the bill doesn't go far enough. he promise something simple and sleek you could put on postcard. you can't put it here. "wall street journal" talking about the corporate tax rate going to 22%, instead of 20. it isn't a lot of big bold moves that he had problem -- promised. >> but he laid out the opportunity we have now, we

can't let the perfect bill be the thing that stops this bill from going because we're never going to get a perfect bill. he laid out look, we have republicans in the house and senate, in the executive branch. now is the moment he said, also, you're either fighting the swamp or you're part of the swamp. he is getting all of the people in that room, around the country, who want to see this economy boom and do better and have their families do better, he is telling them, get on the horn right now and call those senators, if it is your senator, who might be one holding up this bill. this is an opportunity of a lifetime. melissa: guys, thank you. cheryl. cheryl: jonathan hoenig just talking about it. the markets and the response that we've seen today, really has been incredible. it has been a big day on wall street. the dow closing in very close to 24,000 and closing at a brand new high for second day in a row. lori rothman on floor of new

york stock exchange. lori, transports were pretty active as well. give us at run-down. >> cheryl traders tell me this is classic rotation. where we saw best performers of the year, technology, chip stocks, coming so far, so fast, now investors are starting to peel some money out of those sectors and hold up the sectors quite frankly are going to do better. dow component companies, blue chip names, companies that stand to benefit tax reform. cutting corporate taxes 20%, 22%, whatever it is. that is the sentiment on wall street. you see a winners list. unitedhealth group up 3%. jpmorgan up 2%. verizon, walt disney, american express rounding out that list. tech was absolutely tumbling today. there is the nasdaq composite index off 88 points. hope we can show you weaker performers. google, facebook was off today,

the fangs, amazon. once again reiterating, a very classic typical, rotation out of high-performing stocks. these are the best performing names you're looking at the screen. tech titans of the year, so far, since the outcome of the presidential election. and investors peeing off some profits. -- peeling off profits, focusing on good economic news. don't want to forget that. consumer confidence and gdp were solid. back to you. cheryl: to your point, bank stocks not fallen you would have new records for s&p and nasdaq. tomorrow another day. lori rothman on the floor of the new york stock exchange. we turn our attention to washington. at any moment now the senate is expected to begin its debate on the tax bill. bring in adam shapiro on capitol hill. we're waiting for this to kick off. the clock is on, adam. where are we? reporter: we'll eventually get to a vote on motion to proceed. you're looking live picture what is happening on the senate floor

when they take the vote i want to talk about three shorts who will be key. senator collins, senator flake, senator daines, they indicated they are yes votes to proceed to debate on the bill. that doesn't mean to proceed to the bill but to proceed. daines is talking about the $60 billion he gotten as commitment by raising the 17.4% deduction for pass-through income to 20%. really not going to be a no or yes, rather when it comes time to vote on the bill. they're just yeses on motion to proceed. still have to do a vote on the actual bill which could come late friday, perhaps early saturday morning. but this is where things are lining up. the, minority leader, charles schumer, is not happy about how this is all proceeding. here is what he had to say. here is what orrin hatch said in response. >> this bill could be entitled,

the trickle down tax bill. let's hope and pray, middle class, people, when we give most of the breaks to wealthiest and biggest corporations you might get a few crumbs. >> that is always the claim of the democrats. it is a gift to the so-called rich. oh, gosh, give me a break. i get so tired of that, phony, lousy, argument that they make all the time. reporter: if you keep score on all of this, you know, senator daines talking about 60 billion over 10 years that will help small business, keep in mind, that there is roughly $80 billion figure, the wig ghoul room that they have, to give and get to adjust this bill. anything over $80. 80 billion is a deal breaker. 60 billion is a big chunk they have to play with and they're still playing. back to you. cheryl: we're ready for the vote a rama to begin. reporter: yep.

melissa: here is senator thom tillis from north carolina. >> we are going to pass motion to proceed and we're in the for the vote a rahmma. i believe the bill passes. we'll likely go to conference. we'll get the final product from the house and senate do one final vote before goes to the president es desk, i predict before christmas. melissa: we had breaking news a short time ago. "wall street journal" reporting that the corporate tax rate looks like could go to 22%, instead of 20. are you hearing that? >> those are proposals that have been suggested. one of the things, maybe that is paired with something that would move forward the effective date. as you know right now the proposed 20% effective end of next year although immediate expensing or year after next, i should say. immediate expensing next year. those are all things that will continue to be worked even through the conference process.

but i'm convinced you can see that the american people want us to be successful. you can see the market reacting to what is generally viewed as path getting to outcome, american people and families deserve. melissa: do you think that is tradeoff? what is in flux the date it would take effect, not something else? >> no. melissa: you don't think the business pass-through rate or something else like that? >> no, i think some of those things are being worked out. the issue, and a legitimate issue first raised by senator johnson, as you get through larger pass-through entities the burden seemed to shift more out of their favor. what we're trying to do is figure out how we can take the edge off of that that those decided to have a pass-through or c-corp, we minimize migration that could have impact on overall revenues down the road.

i think we can work through that. i appreciate senator johnson's leadership willing to come to the table, willing to do what we have to do to come to yes. melissa: sir, with respect, you're addressing issue of pass-through tax being too high on top end by not lowering taxes as much on corporations? that is more tax and more tax. >> well, i'm not i agree we'll move the corporate tax rate up. that is one of several discussions. things, almost never move until they move very quickly in washington. right now what we're looking at are some discussions about the dials we would have to tune to fund some of the, addressing some concerns of some of our members. so i'm not quite convinced yet. i'm not convinced we would raise the corporate tax. i would prefer not to. try to smooth out edges for pass-entities. deal with concern about triggers and other issues that come up when you get to this point, you're pressing towards a vote. melissa: are you heartened that folks like senator flake and

senator collins are voting to go ahead to have the conversation or do you think that there is still sort of a negative on things as they have been to date? >> no. i think that is a very positive sign. i think that senator collins, as we all know is working hard on health care provisions. we've got individual mandate in play here. we have all know, and i'm prepared to support some of the stabilization initiatives we'll have to do if we repeal the individual mandate. i like the fact and really respect susan and jeff both to get us on to the bill so we can consider other amendments and potentially improve the bill when we goat to vote-aram. melissa: that is a good point. tell us how it is going. we're on edge of our seats. we care about that on this network. please come back. >> i would be happy to do it. it is important to the american people. melissa: it is, thank you. cheryl: pass-through, salt, all of it is on edge of our seats now. sexual assaults rocking

capitol hill. what will congress do about the accusations against john conyers? we have details coming up. emergency council holding a a meeting following north korea's latest launch what needs to be done to keep america safe? we have lieutenant colonel oliver north coming up next. ♪ let out your inner child at the lexus december to remember sales event. lease the 2017 is turbo for $299 a month for 36 months. experience amazing at your lexus dealer.

cheryl: well a game-changer. the u.n. holding a emergency meeting of its security council in just minutes from now after north korea's ground-breaking missile launch much yesterday. president trump tweeted earlier, quote, i just spoke to president xi xinping of china concerning the provocative actions of north korea. additional major sanctions will be imposed on north korea today. this situation will be handled. there is the tweet from president. here now, retired marine lieutenant colonel, host of "war stories," lieutenant

colonel oliver north. good to have you. >> thank you, cheryl. good to be with you. cheryl: this meeting gets underway in a few minutes. let's talk about this idea that treasury come out with sanctions with north korea. we have already got plenty of sanctions in place. it seems the chinese need to make sure these sanctions are backed up and that they happen. what do you say to china right now? >> well, look, there is no doubt china has all the cards in this and it is important for president xi and the politburo in beijing to understand this is not only existential threat to the united states. it is an existential threat to the whole world. if the north koreans launch something that is aimed in this direction, with a warhead on it, there will be a devastating response. talking somewhere between five and 10 million refugees crossing the tanaro and yalu river, boundary between north korea and china. millions of people in boats, totally disrupting the chinese

economy. so the chinese are ones that hold all the cards. cheryl: but they also have, when you talk about the cards, the cards are their next door neighbors and if you look at a map, we have got it here, i want to ask you about this missile, can we truly believe what kim jong-un, that is went up as high as it did and traveled for 53 minutes? can they miniature rise a nuclear warhead like they say they can? >> there is a lot of evidence to the fact they have already been able to do so. they tested a warhead. this rocket probably wouldn't carry multiple warheads. no doubt about the time of flight in it. we know that. we tracked the whole thing. that time of flight would give it the ability to hit the east coast of the united states. and electromagnetic pulse, because of a high altitude burst of a nuclear weapon would cause, that could literally kill tens of millions of people in the middle of winter on the east coast of united states.

the united nations sanction will not do a darn thing to stop the north korean program because it is funded by iran. cheryl: do you think it can make this far, make it to washington? that is the rhetoric we're hearing. >> the time of flight indicates that the missile before it burned out could well reach the east coast of the united states. those numbers don't lie. what we don't know what they can put on the end of it. the united nations meeting, unless they will stop iranian money, cash money being transferred to this program in north korea, they have their scientist there is, it is not going to work. none of those people have bank accounts here in the u.s. cheryl: before i let you go, the idea of a naval embargo is floated around. as you said, these sanctions, even more, don't have any effect on kim jong-un. is the answer a naval embargo of north korea? >> again the naval embargo only works as long as you stop air traffic in. north koreans and iranians flying people back and forth to compare notes and test things it

is not going to stop with a naval embargo. it will make things tough on the korean people. clearly the regime in pongyang don't care about that. xi and politburo in beijing, have got to understand that the united states is deadly serious about the only real way to pressure the chubby dwarf in pongyang, convince xi and his fellow bro, that he and united states will take military action. that is not good for him either. cheryl: that is another nickname for him. the rocket man came up with the president. colonel north. always a pleasure have you on the show. >> my pleasure. melissa: if you scheduled a flight home for christmas, you might want to check it. a airline's major glitch could leave you stranded for holidays. cheryl: great. a bombshell in recent wave of sexual misconduct allegations. nbc firing long-time today show anchor, matt lauer. how his colleagues are reacting.

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at lincoln financial, we get there are some responsibilities of love you gotta do on your own. and some you shouldn't have to shoulder alone. like ensuring your family is protected, today and tomorrow, no matter what the future brings. see how life insurance from lincoln can help start protecting your family's financial future now, at lincolnfinancial.com. >> all we can say we are heartbroken. i am heartbroken for matt, he is my dear, dear friend and my partner. he is beloved by many, many people here. i'm heartbroken for the brave colleague who came forward to tell her story and any other women who have their own stories to tell. and we are grappling with a dilemma that so many people have faced these past few weeks.

how do you reconcile your love for someone with the revelation that they have behaved badly? and i don't know the answer to that. cheryl: well an emotional response from "the today show" co-host savannah guthrie this morning. nbc news firing long time today show anchor matt lauer citing behavior in the work place. lauren, we're hearing more women are coming out against him, that correct? reporter: that's right, cheryl. "variety" after a two month investigation is detailing three incidents of sexual harrassment in the work place by matt lauer and this morning nbc news firing the long-time "today show" host. in a statement, chairman andy lack said monday night we received a detailed complaint about sexual misbehavior.

it is a clear violation of our company's standards. as a result we decided to terminate his employment. as you saw a visibly shaken co-host, savannah guthrie delivering news to viewers this morning. >> as i'm sure you can imagine we are devastated and we are still processing all of this. and, i will tell you right now we do not know more than what i just shared with but we will be covering this story as reporters, as journalists. i'm sure we will be learning more details in the hours and days to come and we promise we will share that with you. reporter: we are getting more details from nbc news saying that allegation took place during the 2014 sochi olympics and that it continued even after the games. the firing of matt lauer was fast. it was swift. took about 24 hours. obviously he was a fixture at nbc news. he covered the olympics. he covered the thanksgiving day parade.

cheryl, he covered the christmas tree lighting which happens to be tonight. back to you. cheryl: the network does throw a big party, we should add. there will be interesting cocktail conversation at nbc news tonight. lauren simonetti. thank you very much. melissa: here now is joe concha who is the hill media reporter. thank you so much for joining us. lauren was saying it was fast and swift which is what nbc said, but if you read the article in "variety," if you're in the business and you know that reporters have been circling matt for months. "variety" reports they have been working on the story and let nbc news for two months. they have brought to their attention all of these various allegations. so it wasn't really that swift. not that it should be. if somebody is accused something they deserve due process within the network but "variety" describe as scenario where he had a button under his desk where he could lock the door without standing up so he could

trap women in his office, he wanted to expose himself too, allegedly, this is their reporting. you know, i mean it paint as very different picture than the face they're trying to put forward over at nbc. is that fair? is it good politics for them? what do you think? >> melissa, it paints a devastating picture. "variety" have been working on this 2:00 months. melissa: other reporters working on it. >> full transparency i heard on monday from very close source, i have plenty of stories i broken about nbc and msnbc before, and gave me details i was starting to dig in. "variety" was clearly lapping me at that point. some allegations are just astounding. melissa: horrifying. >> i read this, i can say this on television. melissa: i doubt. >> he dropped his pants and showed, you know a body part. and after the employee, declined to do anything, visibly shaken,

he reprimanded her for not engaging her in sexual act. he quizzed female producers who they slept with, offering to trade names. one key quote from the story they protected the you know what out of matt lauer, executives. you're paying somebody 25 millions a year, ratings are good. kind of same thing we saw with charlie rose. think about it now, two of three male hosts on the network broadcast morning shows are gone in a week. what does this tell you? this tells you we'll hear about sexual harrassment allegations in politics, media, entertainment for tech for next forever it seems. melissa: i acknowledge right away it started here at fox. i don't want to leave that out. but you look at this, you look at details, if there was a lock installed inside of his office, you know, always goes back to who knew what when? they are trying to, you're the media reporter. as media entity, they are trying to act like they moved very quickly. i heard lots of people repeating

that today. that is the way it came out. >> right. melissa: do you believe based on this other reporting that is accurate? >> i don't believe that for one second. melissa: what does that mean for nbc? >> that means more heads are going to roll once people start talking more. that means heads at the very top. whether we're talking about andy lack in this instance. he said first complaint he to the monday. you had reporters contacting you for two months. how does that square? melissa: women complained and fell on deaf ears. they felt like it wasn't an environment that was supportive. even so this day, wanting to be anonymous because they don't feel like there is support over there. that is common refrain we hear in all of these stories. sort of this cultural moment, that we're going through. i would say at the same time, we are hearing, i mean there are reporters circling other networks, other people, other media entities. this is far from over. >> let me read a quote from somebody who is out in front of this in april. she said, it is everywhere in my industry. other powerful women at major networks also talked to me since

everything happened at fox, identified people at their networks also doing inappropriate things. as i watch other networks where i know there are predators that throw stones at us, i kind of sit there and wait for their time to come because those other managers at other networks know who they are and the talent and people working there know too. the more people who hear about other people's stories and feel empowered to say something, the better. melissa francis said that in "time" magazine. not here to compliment you. you said this, got mocked for a certain extent because people at other networks said this was fox culture problem. this is the powerful preying on powerless, depending what industry you're in, this is something widespread. now we're seeing it. cb-snbc, it doesn't matter. >> it is everywhere. i said that at nbc as well. i have used to work there. it is everywhere. it is same on the right. on the left. at every network of the it is everyone's problem, you can not throw stone at someone else. happening at post office. happening, i'm using it as example, whatever. this is problem in our culture. we have to face it, not point

fingers at each other. that was sweet of you to bring that up. >> sexual rights revolution. that is what we're seeing. melissa: appreciate it, cheryl. cheryl: well, melissa, taking on the department of justice. at&t is fighting back against a lawsuit to fight back against megamerger for time warner. should other media companies prepare for the same treatment? charlie gasparino with inside scoop. he is next. they're all about me saving for a house, or starting a college fund for my son. actually, i want to know what you're thinking. have a seat. knowing that the most important goals are yours. multiplied by 14,000 financial advisors, it's a big deal. and it's how edward jones makes sense of investing.

melissa: at&t responding to the justice department's lawsuit in a filing of their own, claiming their deal with time warner would not harm the video marketplace, but if the doj succeeds in blocking this megamerger, could other media companies expect the same treatment? here now is charlie gasparino, fox business senior correspondent. charlie. >> who are those other media companies, melissa? could you think of any? melissa: you tell me. >> could you think of one we're working at, twenty-first century fox? listen, the conventional wisdom

essentially was the blocking of this merger would prevent other such mergers from going. that everybody was reassessing. do a deal like disney buying 20 officers century fox's assets, horizontal merger. doubling down on same properties, that that violates ant i at this trust laws. everybody theoretically was reassessing. our management was reassessing. disney was reassisting. sony was reassessing. any deal in the pipeline. you remember talks about comcast buying us. maybe they are still reassessing. twenty-first century fox, disney had no comment on this here is what we know from inside the justice department, that, that is a positive if you want those deals to go through. what doj is signaling to telecom executives is that the opposition, their opposition to the at&t time warner deal does not, does not affect these other deals. that some of these deals, even if they have been postponed, amid this flury of activity,

that the justice department has taken on what is known as vertical merger, meaning distribution and content, not overlapping stuff, that usually sparks antitrust concerns, that that does not negate these other deals. so, what i'm saying is, they are signaling that the position on at&t and time warner would not impede would not impede a 21st century fox sale to disney, sony, some other buyer or some deal getting done. they are basically saying these other deals may proceed. now that doesn't mean they won't get an antitrust review. that doesn't mean it will be, you know smooth sailing. but what they're sailing is, this is very key now, melissa. the opposition to at&t time warner which a lot of people thought signaled the end of media merger and sales not the case. these other deals can proceed. i'm telling you, my guess is, if i'm hearing this the telecom industry is hearing this. the media industry is hearing

this you will see some deals. because i am telling you every analyst and banker i talked to, the minute that justice department thing was filed, the opposition to the time warner-at&t deal, well, if you can't do that, there is no way comcast can buy 21st century fox's assets. it is not all of them anyway. it was speculated movie studios and and some other properties, not fix business and fox news. that disney deal would be difficult to get through the antitrust division. i'm telling you from what i'm hearing from my sources inside the doj antitrust division, that is the not case. those deals are not affected by this. my guess is, there is going to be deals. melissa: that is fascinating, interesting reporting, charlie, thank you. definitely goes against the grain. >> you got it. by the way, i'm telling you it is breaking news. melissa: sure is. you're right about that. you're right about that. charlie gasparino. thank you. cheryl: thanks, charlie. well, taking action in our

nation's capitol. the growing calls for democratic congressman john conyers to resign. congress is responding. new allegations of sexual harrassment. that's next. ♪ uh, compliance training. 6:30? sam's baseball practice. 8:30? tai chi. yeah, so sounds relaxing. alright, 9:53? i usually make their lunches then, and i have a little vegan so wow, you are busy. wouldn't it be great if you had investments that worked as hard as you do? yeah. introducing essential portfolios. the automated investing solution that lets you focus on your life.

cheryl: an attorney for john conyers saying the michigan congressman has no plans to resign after multiple allegations of sexual misconduct. the congressional black caucus saying they won't push him to step down. "the hill" editor-in-chief, bob cusack still with me. the pressure is mounting here, bob. do you think he ultimately will be forced to step down? >> i think it will be very, very difficult for him to survive this. he already has been forced out of his top perch on judiciary

committee. nancy pelosi stumbled over the weekend mixing comments about him. drawn out ethics investigation, been in congress over 50 years. i don't know how he survives this the allegations are, there is a lot of them and they're serious. more serious than the franken allegations, there is no indication clearly that franken is going to survive. cheryl: interesting you bring that up. he is maybe taking a cue from franken. allegations are different from al franken. maybe roy moore, looking at landscape, with other politicians denying they have done anything wrong. maybe that is the way he plays this with his attorneys? >> that is right. roy moore is starting to rebound in the polls. now he is slight favorite to win the race. he is helped by all the other allegations by matt lauer and conyers and franken. the thing with conyers, there are couple democrats called for him to step down and resign. once you have members of your own team calling for you to resign, that is trouble

especially sitting member of congress. if he were to resign, there is no ethics investigation. they don't have purview. this is huge distraction from democrats. thrown them off message on tax cuts. it helped republicans move their tax cut bill. cheryl: that is very interesting point to that. at same time you do have the house talking about harrassment training, that is a good thing. you have bipartisan members, bipartisan members, submit ad bill. they are asking the house to come clean with information about lawmakers who have harrassment claims paid out with tax paper dollars. been referred to as the slush fund. what do you make of that? >> they will have to revamp the process, there is no doubt about it because it is unfair and really undemocrattic and favors members of the congress, that is what the house ethics been accused of over the years, protecting its own members. so, overall, i think they will have to change it. the big question, what about those members who have already paid out settlements like conyers but that we don't know about? are they going to unmask those

members? i doubt it but there are a lot of tough questions coming out. there will be reforms to the system, no doubt about it. the momentum sun stoppable. cheryl: they may be unmasked by reporters at the end of the day. bob cusack, thank you very much. >> thank you. melissa: no place like home for the holidays. that is until you can't get there. why thousands of holiday flights are at risk of never taking off. ♪ ...

your new brother-in-law. you like him. he's one of those guys who always smells good. his 5 o'clock shadow is always at 5 o'clock. you like him. your mom says he's done really well for himself. he has stocks and bonds your dad wants to go fishing with him. your dad doesn't even like fishing. you like your brother-in-law. but you'd like him better if you made more money than he does. don't get mad at your brother-in-law. get e*trade >> charles: the airline that's still christmas thousands of american airline flights in december are currently in jeopardy due to a computer glitch that allowed too many pilots to take time off during the holiday rush, oops good for them, bad for us. the airline releasing a statement, we are working diligently to address the issue and expect to avoid cancellation s this holiday season, we have reserve pilots to help cover flying in december and we are paying pilots who

pick up certain open trips 150% of their hourly rate. >> that's amazing i always remember you were a flight attendant at one-time does this surprise you in three seconds? >> no not at all. >> risk & rewards starts now. >> president trump: don't call it reform. call it tax cuts and reform. every once in a while we'll add the name reform but it's tax cuts and look what's happening with our markets. people get it. if we do this, then america will win again like never ever before a vote to cut taxes is a vote to put america first, again. >> liz: that was the president earlier today as the dow closes at another all-time high, just 60 points shy of 24,000. president trump pushing his tax cut plan in the heartland of missouri. this as the senate prepares to vote possibly as early as tomorrow, and we've got detai