ashley: classic. liz: blessed are the cheese makers. ashley: life of brian. stuart: i'm tap dancing to work up to neil who will say what the heck are they talking about. seven seconds. what will you say on cheese? neil: nothing on cheese, but i was fascinated by the auction segment and the lincoln letter could go for as little as 100 grand. i would thought it would go a lot more. stuart: that is classic there. is hardly in that condition. only one hundred thousand dollars. neil: are you bidding? stuart: left it up to you. neil: talk to gaspo, he will hunt it down. thank you very much, my friend. we have everyone on dow, i know what you'reç saying, 25,000 watch. forget by christmas. at rate we're going we could do that next couple days. a lot has to do with getting tax cuts through in the senate. two sides ironing out differences. there are not dramatically that many in short order.

there is separate rumor out there, not necessarily one to be believed, the house would simply vote on what the gnat came up, rubberstamp that, get it to the president's desk pronto. to congressman from north carolina, mark walker. >> thanks, neil, good to be with you. neil: would you be open to that, there is rumor circulating that the house would simply not on what the senate came up with? >> not at all. republican study committee we did a survey last week, we didn't have a single one who supported that. 3% were maybe or depends. 97% said absolutely not. we're going to conference. i'm pretty sure leadership confirmed that over and over again. neil: i fest they're concerned about something potentially breaking down in this process. rarely does that happen when it gets this far but you are a part on some key issues like corporate taxes or cuts going. >> sure. >> the senate favorsç waiting

until 2019. you and your colleagues prefer 2018. there is a lot of math built into that for-first year and other things. how do you feel about that? >> i would, that is one of the five major areas but i believe there are two, i would say higher category priorities. number one repeal of the individual mandate which shouldn't be a problem because that was actually in the senate bill. that's huge. 79% of the people that had to pay the penalty make less than $50,000 a year. as, no need to reargue this. if it is such a great piece of legislation, why are americans continuing to have to be forced to pay this? this is something we can do, the senate has done it. the house needs to follow through. the other part of that, second major issue is permanency of these tax rates, individual tax rates. those are the two areas. one senate has landed. the house needs to come across. i would add three minor ones. one that you mentioned already. as well as the death tax. the business rate being pushed back as well as business

pass-throughs for the small business. those are three, i won't say secondary issues but the top two are very crucial. we believe we can come to conference to get it all done. neil: the president toyed with the idea of aç higher corporate rate. again i know this is a little, horse-trading to get something else maybe a lower marriagenal rate. maybe something else. i don't know. what did you think of that? >> i don't know that we have to do that. obviously if the whole context of this piece of legislation is designed about being, around being pro-growth, we not only want to lower the business rate as much as we can, but we want to implement it as soon as possible as well. neil: congressman, i talked to kevin brady the man who runs house ways and means committee when we were live this weekend. we got into the issue of deduction for state and local taxes which go under both senate and house plan. react to this. kevin brady. they say their constituents will get history and likely a no vote

if that remains. what do you think? >> we're not done yet. we've been listening very closely to peter king, lee zeldin, but a lot of members from mimi walters and other high-taxed states we want to make sure taxpayers keep more what they earn regardless where they live. it is harder where the state and local governments brutalize these families and businesses with the high taxes. we're determinedç to try to provide the relief so stay posted. neil: what did he mean by that, stay posted? >> well i think we're still trying to fine tune some of this. the chairman is correct, and you have to ask this question, neil, is it the federal elected officials responsibility to ineffect bailout some of these states who have been irresponsible both at their local and state legislatures running this tax base up to something that is crazy. that is one of the reasons a lot of people are even moving from states like new york and

new jersey. neil: why take it out on those -- i understand that, sir, why take it out on those taxpayers? >> i don't think we're taking it out. we're trying at first, the senate was zero percent for any kind of state and local deduction. we moved it up to 10%. there may be willingness or ability to bump it up a little bit more. maybe that is what the chairman is referring to. yet at same time, these are good members serving from the states, we look collectively at all americans, even incentivize some of state and local taxes to be more responsible with their citizens. neil: we've certainly seen a lot of corporate activity of late, stocks surging not just of late buoyed by the tax cut talk and idea corporations will see a lot lowerç taxes, would you be disappointed, congressman, i raised this with a lot of your colleagues at both ends of the aisle, if those companies use that for near term, buy back stock, increase dividends, not to expand plants, not necessarily hire more folks not

necessarily pay more of those folks what do you think. >> i will tell you this, this impacts not just these big corporations but small business. we have automobile dealership here that is looking to expand once this mandate, once some of these things are removed. would you be a little disappointed, maybe? but at same point when did it become the government's right to pick winners and losers, especially dabbling into the private sector industry? that is going back to the individual mandate, when you decide federal legislation that forces private citizens to do something with industries that are not connected with the government, that is never been government's role, never part of the constitution. we want to make sure we're not mandating what they do. most of the time, those lowered business rates do increase jobs. can they put some back into dividends? can they put more moo into the board, i'm sure they can? we've seen local manufacturers even in our local area we have seen that jobs happen. iç don't want to get up close o

the democrat talking points, it is all going here. historically that is not now. ultimate point that is not government's responsibility. weir to if i have back more money to the individual, to the companies, to be able to spend and invest the way they see fit. neil: congressman, we'll watch closely. thank you very much. mark walker of north carolina. thank you, sir. all right we were talking about corporate america. certainly excited about all of this, that is an understatement with the dow up another 227 points, well into record territory. maybe proof where all of this could be headed. we got big deal on part of cvs, interested in scooping up insurer aetna for $69 billion. once again rumors disney reheated up talks with 21st century fox, parent of this company. we're seeing a lot more of tax cuts. the reason and is that something to see even more of in the weeks, months, maybe years ahead? market walkers scott shellady and heather zumiraga.

there are issues of timing. the timing of corporate tax cuts. so if the senate gets its way, and pushesç them back to 2019 t 2018, how would that play out? >> ilthink we definitely need the corporate tax sooner rather than later for these markets to continue to rally. we're seeing the tech sector sell off today, neil, because retail and media are catching a bit on the backs of corporate tax reform passing because those are the sectors paying highest corporate tax rate right now. we need this to happen in 2018, not 2019. neil: scott, would it make a difference to you or your forecasting model, all of sudden tax cuts that are coming come later than you thought? >> it is going to make a little bit of a difference, the biggest difference made would be how that corporate welfare i would call it, gets spent. i'm all for trying to give

everybody the best opportunity to succeed. obviously paying less tax gives you much better opportunity, there is no assumption, i think stock market is telling thaw today, there is no assumption it will trickle down to places where a lot of folks will think it will be. back when lyndon johnson was president, 25% of the taxes raised were from corporations. now 10% of taxes are from corporations. we'll lower that again. that is fine t should be a boost but not carried away which might grow. it looks like it might be stock prices than anything else. neil: the argument investors benefit that way, a lot of people are invested directly or indirectly in the market, heather so everyone is a winner. do you buy that. >> i don't know that middle-class americans are a winner in the plan in its current form. of course corporations are going to benefit from a lower rate. we know that neil. look at all merger and acquisition deals taking place right now. >> right. >> the business community is pretty optimistic under this

leader, under president trump and senate and house plan. small businesses will get a big break as well. so that is it what is important. neil: scott, you touched on what is happening in the rotation, not only in this visit, but prior ones. maybe that is sign of good bull market when leaders can easily be swapped out for new potential leaders, technology today being switched out for banking and financial shares. that normally is a sign of a very healthy bull market still. do you buy that? >> yeah. would i say that is a good sign to see, that we're not having all the gains obviously heavily weighted in one sector. that is good and showing a little bit of investor willingness to take a little bit of a chance to move some money -y that is all food and healthy but i still say what we're doing here with the corporations, ultimately, yeah, mergers and acquisition, that's good, corporate buybacks is happening as well. let's get the p-e ratios down. that isn't putting people back to work per se. actually, arguably that is

taking less people out of the workforce. so with welfare you can't really say where it has to go right. if you put it out there those people spend it how they like. again the stock market is telling us we feel if we get tax cuts through to corporations a lot of money will find its way to the bottom line of corporation, rather than new jobs, new plants, new acquisitions. neil: thank you both, very, very much. very good read on all the developments. to bring you up to speed, what of part is going on here, optimism they will move very quickly. alacrity of all this, is something we have never seen. reagan '86 tax reform measure from very beginning it was proposed final vote came and signed by president reagan, was one year. this? more like six weeks. we'll have more after this.

retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. neil: all right. we're getting indications that the president now is not leaving anyone guessing. he fullyç supports roy moore. says that the alternative in alabama would be just another free-spending democrat. doesn't want to see that. this as polls are beginning to show the race is tightening up. "real clear politics" average within the margin staff tis call error with moore back out in front. but a battle line is drawn here

in a state always been as red as red can be. a state that obviously donald trump won handily. blake burman at the white house with the latest on the fallout because more are echoing this, aren't they? reporter: keep in mind, neil, this was issue white house tried to steer away from completely. the line from the white house for seemingly weeks on end here this is a race for the people of alabama to decide, and they did not want to bring the president into it at all. then the president left for his thanksgiving break. he highlighted roy moore's denials which kind of moved him closer to moore and today. there is -- full-on embrace from the for the republican senate candidate of roy moore. came with couple different tweets. here they are from the president and i quote. democrats refusal to give one vote for massive tax cuts is why we need republican roy moore to win in alabama. we need his vote stopping crime, illegal immigration. the president goes on to giveç handful of other issues. jones a pelosi-schumer puppet.

he followed that up with a second tweet bashing doug jones the democrat in the race saying in that tweet, and i quote that jones would hurt our republican agenda. now roy moore who has been trying to align himself with president trump and against mitch mcconnell, throughout this race, took notice of this. this race, took notice of this. he gave his response of course he said quoting here from roy moore. thankful for president trump's support. the america first agenda will #make america great again. can't wait to help him drain the swamp. president trump is on board air force one headed to utah, appears, appears there may have been a phone call between the president and roy moore because kayla moore, the wife of roy moore, went to facebook within the last hour, said as much, that the two had spoken. she said quoting from kayla moore's facebook page, we have his full support, speaking of the president. this race, neil, as you mentioned, normally a democrat in alabama today stands no

chance. it is awfully close. we know why because of accusations against roy moore. latest real clear politics average has moore upç 2 1/2 points. it was people starting to come to moore's side. it was mitch mcconnell who said moore should step aside. over the weekend he kind of moved off that a bit, saying it is for the people of alabama to decide, which used to be the stance of this white house until these tweets today. neil: amazing. blake, thank you very much, my friend. nothing subtle about this shift going on here. one echoed at first by some conservatives in the senate, let alabamaians decide this for themselves. senator ted cruz saying as much to me. >> i think we've got to respect the will of the voters. i think the reaction would be, i think it would be completely unacceptable if the voters of alabama choose to elect him for some washington politicians to say, we don't care what the

voters say, i think that would be a mistake. neil: all right. your immediate reaction conservatives saying that. when mitch mcconnell, the establishment figure, the head of the republicans in the united states senate who earlier promised if moore made it to the senate would kick him out, alabamaians will decide it, there has been dratticç. eliza, maybe they weighed this carefully, it would boomerang more on the party to look like it interfeed on the alabama voting process, however you feel on judge moore, right? >> i think definitely it is that. we're seeing judge moore might very well be the next senator. if the people of alabama are electing him, coming in there already it will be a big fight. mcconnell and moore, no matter what he says about seating him are not in the best terms right now. they're trying to mitigate it,

looking like moore might just win. neil: ned in that event, say moore wins, there are still some no, we don't want to seat him, these charges go back in some cases 40 years where he, you know, was with underage women, even if there is not a lot to it, we don't know what is the real skinny, there would be investigations certainly into it. but they would go against almost all congressional or senate etiquette how to conduct hearings because they wouldn't be current crimes or issues or misdemeanors. so what do they do? >> right. i think mitch mcconnell is going to have a very hard time doing anything against roy moore should he win. i do think he will win, neil. neil: you do.ç >> six or seven points next week. i do. neil: wow. >> how can mitch mcconnell not seat roy moore, when you have al franken in the senate, we have photographic proof i would call sexual assault when he is

groping a woman. neil: we can differ, if i hear stories involve under age women or girls involved as under 14. we don't have photos. it might not be true but magnitude of the story in both cases would be worthy of senate investigation right? >> no, no way am i not saying the allegations are not serious. neil: neil. neil: i know you're not. >> i assume there will be a ethics investigation, at same time gloria all read promising the yearbook, we haven't seen two weeks now i start to have questions. more importantly, neil, a poll just from yesterday showed that actually 83% of likely republican voters either think these charges are definitely false or likely false. so, really again this comes down to what people of alabama think. almost 85% of the republican voters in alabama aren't buying these allegations. neil: we shall see. eliza, comes at a time when congress is trying to deal with some different scandals. john conyers andç when if at a,

he steps down, there are many who have been arguing that he should even within his own party, nancy pelosi, emanuel clear was on with me this weekend. this idea that they want to get a handle on it, both side do, but they don't know how. it is mutually destructive history where payouts have gone out and no one seems to know who was paid out, who wrote the check, or who is supervising it? >> exactly this is bipartisan issue for sure. and it is hard when you have someone like congressman conyers who has been called on by the leader of his party, nancy pelosi, to step down. he is saying nope, not doing it. and he is now saying racially-charged. brings up question why is senator franken staying? really just, this mess. and then we see over in alabama, we might just get a senator who has allegations from multiple women about sexual misconduct with someone who was 14. it is all over the place. neil: you know, ned, your sense that there is a different set of

standards for congress, regardless of party, i'm not trying to pick one over the other. >> right. neil: but in corporate america, you're thrown out on your heinie right away, just allegations, immediately. in washington anfç there is a longer process involved in that, i don't know which is the correct route to go. but, those are two extremes. is there a middle ground here? >> well, no, i think there is. first of all we're based on whole idea of due process. somebody is innocent before proven guilty. neil: not in the business world. not not business world, right? >> well you know, when you're dealing with some shareholders and corporate boards i think they have a lot shorter leash. neil: right. >> i will say this in regards to congress i think the leash needs to be shorter. i do not buy the excuses they don't know who got payouts and how everything took place. neil: you have to know. you have to know. >> exactly, neil. they know. there has to be more accountability and more transparency. i will say this, regardless of party affiliation, if your name is on a list where you had

payouts for sexual harrassment, it is duty to resign from congress and allow the people of your district to pick somebody new in the 2018 primaries. neil: don't hold your breath for that. ned, i want to thank you very, very. eliza, to you as well. >> thanks, neil. neil: speaking of that alabama special senate race next tuesday we'll provide non-stop coverage. that will have important effect on united states senate. remember if judge moore should lose the rate the gap in the sena(e falls to 51-49 republicans, from 52-48 right now. might explain the rush they have had in the republican party to move fast on these tax cuts. to avoid any issue with that special election. but we're on it. next tuesday as we always are for these events. intersection of your money and your taxes. if it is important to you, it is important to us and we have a feeling it is important to you. meanwhile were you caught up in the 350-point drop last

friday when we got wind out of general flynn story out of abc news? maybe the president of the united states, maybe before he was elected president of the united states was talking to flynn about talking to the russians? that alone would be huge, and that alone prompted a huge selloff. there was that oops moment. that report was wrong. the reporter involved screwed up. but if you already lost money, what do you do? the president has an idea. at? it's just.... we were going to ask about it but we weren't sure when. so thanks. being upfront is how edward jones makes sense of investing.

>> based on the vote we had last week, the stock market has been reacting up believely well. only thing that hurts it is fake news and there is plenty of that. neil: all right fake news to which the president was referring was this abc news report that turned out to be wrong on a crucial point about the timing of conversations that

general flynn might have had with the russians. he was signaling that initial report, that it was before the election, which could at least infer collusion. instead it was after the election. now i will give this next guest some credit here. he was concerned about it. we were both concerned about the cooperation of this. no one else was corroborating it. it makes a world of difference since it was out there in the open-ended nature there. bevers sus after. turns out after. charlie gas. what do you think of -- charlie gasparino fa reno, what do you think? >> the guyç national security chief can't talk to the russians. neil: regardless when it is. we had tumult in the dow. this could go much further. the president is arguing tweeting, you might have ground to -- >> sue abc on the brian ross report. full disclosure. i know brian ross.

decent guy. all reporters make mistakes. here is where the president is out on an absurd legal him if he is thinking there is anything actionable here. ross faces diminimus legal liability. neil: abc benched him for four weeks without pay. >> that is whole another system. they believe he did not dot due diligence putting it out. he did not just make a mistake, screwed up in fundamental ways. here is where it gets, legal thing becomes market manipulation could be theoretically sued by shareholders lost money in the market or be charged by the securities & exchange commission. if brian ross knew what he was doing was a lie, had to know that. neil: right. >> and if he is shorted the market, meaning he would have made money as market went down, you can easilqç short stocks or short an index. shortsideers that follow the s&p as it went down, if he did those two things, knowing that his report was false --

neil: he wouldn't be that stupid. >> we asked him for a comment just so you know to cover our rear ends, they did not comment. i can't believe he is that stupid to do that i would say this, even if he did short stocks thinking story was true, if he shorted indexes i still wonder whether there is a case there. neil: take all of that out. i think that would really be the height of stupidity. >> that is only way. neil: the other thing, what is to make of the bigger deal, guess on my part, he didn't see the significance in putting this together of the before or after? you and i could step back and say, well, before, you would fuel debate here they were talking to the russians and maybe trying to do something. >> right, right. neil: and after it is fair game -- >> it matters before because you're not the president. neil: absolutely, absolutely. >> right. neil: we don't know. >> you have to ask him. i will say this, where this becomes an interesting issue for the president, take what brian ross did out of the equation. what happened with flynn last

week is pretty significant. it is significant in this sense. they have alreadyç indicted manafort, they indicted flynn, and looks like, this is where it looks tricky, looks like going up the next level of the chain, looks like, not saying it is, would be jared kushner, who has been, who they're obviously investigating, son-in-law for the president was a key member of the transition team. had some, we don't know exactly the full extent of it. some dealings with russians and meetings with don, jr. don, jr. is not part of the administration. jared kushner is part of the administration, that is serious stuff. neil: if that had heen, we never got wind of this other report which turned out to be wrong, what would the market fallout would have been? >> i think it would have been up, based on the senate story. but it recovered. neil: it did. we were down 44, 45. you never know with this stuff but people -- i agree with the president, there is no way he can you know, secure support for

suing abc or whatever on this, but he is sending a signal out, this is another example of fake news. >> i think, two things, two stories here, you're the viewer, you watch us for business news. do not trade off headlines. be investors, not traders. part. the investment part is pretty good because we'll cut taxes big time or the government will cut taxes. neil: don't get caught up -- >> don't get caught up in little things but here is this. is that, we as journalists, you have to be careful, there but for the grace of god go i. people make mistakes. and there is big, this is a big playing field. the president of the united states is under incredible pressure and scrutiny. his son-in-law, who is a senior advisor is in the cross-hairs of the special prosecutor. that is a huge story. neil: yes, indeed. you have. >> you have to get that right. neil: thank you, my friend, very, very much. i say on the show, don't get

worked up in the minutia in the second of the dow. we follow it, we follow it, step back, it's a snapshot. once snapped it is gone, the image is gone but longer term view. the dow is up 182 points! buy, buy! that is another network. >> that says stupid things. neil: networks, final season of "house of cards," they will have one. it will have eight episodes. it will not star kevinç kevin spacey in the final season. it will start production in 2018. >> who would watch it? it is good but. neil: we show the back of your head. >> he is a bad guy, allegedly a bad guy. neil: more people than you think. president underwood might not be there. i guess former president underwood. his wife leads country. if you haven't seen the season, i'm told it's a spoiler. he is no longer president.

bottom line. more after this.

neil: out of the blue, even though well-telegraphed, rumored for a while, cvs wants to buy aetna for $69 billion. would any of this be happening if we didn't have the prospect of tax cuts coming? let's go to barrons.com editor-at-large, jack otter that sectmr is certainly on fire, isn't it? >> yeah. i would say it doesn't have a whole lot to do with the tax bill. it has a whole lot to do with amazon. neil: right. >> before anyone heard about barack obama, i talked to a health care analyst, we have problem coming down the road. the science is so good, we can cure fatal disease, only problem it costs awe million bucks.

who will pay for that. forget obamacare. as medical advances get better and they cost more and more we have to figure out how to pay for it. neil: i'm just not quite sure, a number of cvs have the health clinic, all the rest, is that how we get one-stop health care and is that the future because if it is i'm alarmed? >> it is alarming. it is very expensive to go to the doctor, have you check you for strep throat, send it to a lab, all that stuff. to go to cvs, have them dot check, and aetna also the health care provider, wowing doing it in-house, they will not charge you a lot. find out on the spot. give yous drugs. charlie the relief manager? that is what worries me. >> you know what depending on the community i suspect the level of care will be a lot different. neil: right. >> not as if it gets rid of all the problems but we have to find new solutions. cleveland clinic is really on the vanguard of, paying doctors

based on what happens to the patient, not the fact that they spent 15 minutes administering a test. neil: drug prices are big reason premiums go up but they go up with or without obamacare. what will change with this, when it comes to fruition? would you and your colleagues at "barron's" see this sector alluring in this environment regardless what happens to obamacare? >> i think the sector is alluring based on demographics. there will be more and more demand for what the companies do. we have to think mergers are in the offing. some wonder if walmart will copy cvs and by a health insurance company. neil: with their $6 a prescription. >> that might make sense. there are interesting problems. unitedhealth already has a pbm a pharmacy benefit manager. now suddenly competing with aetna in two different ways. you might see insurance companyç walks away from cvs because

there is conflict at the pbm level. there will be a lot of turmoil here. basically health care is definitely on a long-term, good trend. you get these buying opportunities when hillary clinton tweets about clamping down on drug prices or something like that. whatever the next thing that sends prices down i think that will be a good buying opportunity. neil: switch gears quickly. bitcoin seems the next crazy thing. we could have wild swings in this, whatever you want to call it. >> you can't call it currency. neil: whatever it is, but i do know it swings wildly from day-to-day and i'm wondering what you guys are making of it? all this with a backdrop of a market that doesn't stop. >> we're covering more, hey, here is what is going on. usually we don't take a view that buy this thing. i wouldn't be surprised if it went from 10,000 to 500 or 40 bucks or 100,000.

it is just so, there are great arguments on the bull & bear side. to call them that, you can't handicap it. neil: what do you own when you have it? >> what do you own. you know what? i'm notç one of those fiat currency people, stock your house with gold. neil: careful. we have a lot of those commercials. >> i followed you through the sponsors. when you have a dollar you're buying the full, faith and credit of u.s. treasury. when you have bitcoin you're buying a transaction might be taking place in china but a lot of people are putting faith in it in fact using it as a hedge against gold or dollar. neil: saudis had a basket of currencies. >> yep. neil: your thoughts really question on market right now. i noticed technology stocks are getting pounded but right to the fore with banking, financial issues, others. normally interpreted as a sign after bull market, a healthy

sign. they can seamlessly go from one portion to another specific stock or sector. >> i agree with what you just said, i think what we're seeing tax bill arbitrage. neil: i like that, tax bill arbitrage. >> sectors that may not benefit as much, won't, are not doing as well right now. so people are rushing into the big beneficiarieses of the tax bill. neil: jack otter, scary smart, youngç man. he is the best at "barron's," editor-at-large. we're keeping very close eye on this, dow which is now up 182 points. 39 points tick for tick. we're on it, until we're not. after this. ore that? you mean after that? no, i'm talking before that. do you have things you want to do before you retire? oh yeah sure... ok, like what? but i thought we were supposed to be talking about investing for retirement? we're absolutely doing that. but there's no law you can't make the most of today.

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♪ neil: all right. well, we've been reporting this, white us indeed confirming that the president spoke to judge roy moore, the alabama republican senate candidate who has a slight lead in some of these polls again, endorsed his campaign yet again. you could argue the president standing by moore has now sort of got others to sort of be in lockstep here, including mitch mcconnell who said over the weekend it is up to alabamaians. they decide. they vote on this no outside interference. that is something that ted cruz, others have been espousing with me. let the voters decide. see what happens.

meanwhile, a lot of new irs data coming out showing a lot of people are leaving illinois in record numbers. a lot of that might have to do with the fact that taxes got very, very high and millionaires tax meant to ensnare millionaires, well, obviously didn't work, or did it. to fbn's jeff flock. hey, jeff.ç reporter: it is said, neil if you build it they will come but if you tax it too much they will leave. apparently illinois, irs data crunched bit conservative-leaning illinois policy institute finds 86,000 fewer people in illinois from 2015 to 2016. they left the state and with it, $11 billion of adjusted gross income. why did they leave? well the reason is pretty clear. 25% saying, this by far the number one reason, high taxes that ian outstrips the bad weather in illinois which would

be my reason for leaving if i were to leave. interesting to note about military tax, they talked about it, haven't implemented it. turns out this is hurting the middle class and lower income people more than anyone else. if you look at people making $200,000 or more, actually that number of people has increased in illinois. so if you can afford to live here, people apparently still like living here. if you can't afford to live here, governor of illinois, bruce rauner, who has been fighting high taxes in illinois but not particularly successfully, soç unsuccessful, so that "the national review" put him on the cover of their latest edition and called him the worst republican in america. not easy being governor in a blue state. i would point out, that at the conclusion of this, neil, that you know, fewer people does mean at some point perhaps, fewer representatives in congress and

fewer electoral votes at some point as you go to elect a president from a very blue state. neil: fewer dollars coming in no matter whether you're republicanned or democrat. great reporting, jeff flak, jeff flock in chicago. we have kris kobach, kansas secretary of state. secretary, what do you make of that? your state had a problem the other way i guess, big tax cuts and the argument was too, too far. people said we're losing services here. we don't want to do that. we have to dial it back s there a happy medium? >> no i think the bias always should be in favor of greater tax cuts. kansas had a very low tax rate for a few years until last year. then a coalition of democrats and liberal republicansç pushed through a massive tax increase. services were not cut at all when we had the low taxes. economy was growing, not as fast

as some people hoped, but it was growing. i think they didn't leave low taxes in place enough. i hope to return kansas to low-taxed state. i don't see having higher taxes is helpful to any state's economy. neil: you don't think the governor went too, too far? you were right, a few republicans took it out on some at the polls to say, there is thing, when as far as cutting fat but this cut to the bone, you don't agree with that? >> no, i don't agree with that at all. indeed kansas has pretty high sales tax. we're tied for ninth in the country. when you have high sales tax you have to have relatively low income tax rate to keep people in your state. neil: what is going to happen with this? a lot of people in the high-taxed states, secretary are concerned about the tax package. a lot of representatives, for example, republican representatives can't vote for it, peter king. latest to say i'm guaranteed no vote, if they don't change it that is the way it is going to

be. you come from low-taxed state, you sayç tough luck to those states? >> strangely kansas gone from being low-taxed state to relatively high-taxed state for midwest that is, not as high as illinois. neil: but you're no new york or new jersey, that's what i'm saying. >> that's correct. i think we have to push for federal tax cuts no matter what. sure some state and local tax scenarios will be better off than others, look, american taxpayers are hurting. american corporations are not going to start coming back to this country until we get our corporate tax rate down. so i think we can quibble about which states are better off. but bottom line the american consumer is better off when taxes are lower. neil: a lot of consumers are jaded when it comes to these tax cuts maybe it is just reporting on them. corporations getting permanent tax cut. they themselves are not. there are a lot of reasons for that. that they're getting the shorter

end of the stick. what do you think of that? >> well certainly true that one of the proposals makes the corporate tax cuts permanent whereas the individual tax cuts phaseout. i think that people who are looking at it seriously know that is matter of political bargaining as they're trying to make the numbers work. i don't think there isç any dot all of the republicans would like to see the individual tax cuts be permanent as well, including me. will that happen? hopefully. when you have a tax cud made, then about expire there is a lot of pressure on congress to keep it in place. otherwise it's a tax increase. so ideally it would be permanent individual tax cut, but if this is what it takes to get it through, we have to take a little bit of negative with a lot of positive. neil: depends which party is in control and what their priorities are. kris kobach, secretary of state of kansas, thank you, sir. we've been talking about dow 25,000 by christmas.

at the rate we're going, how about by friday? what the heck is going on here? after this.

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with kevin brady that reveals some of what is going to happen with conference committee. all life on paul ryan, mitch mcconnell, getting their teams in line for this conference committee. will have the vote in the house for the conference committee

sent to the senate. they will pass the measure to go to conference and off to the races. but during your interview with kevin brady, he talked about being open to compromise open to compromises, further compromises on the state and local tax reduction, which the senate is trying to repeal. he wants to, he said, have the corporate tax rate sooner than later, which is something they may want to push to 2018. do 2% corporate tax rate, so while this is in the mix once they get to the corporate tax rate to listen to what they said this morning on the way to utah. >> the stock market is going to have a big day in based on the massive tax cut that we are very much in the process of getting approved. based on that though we had last week, the stock market has been reacting unbelievably well. connell: we are waiting for the

house obviously davits out tonight to go to conference that the senate will then did not there are some people saying perhaps this week, but don't wait for the bill to a merger in conference committee until the senate next week. not to be a shameless promotion here, but people should watch the interview with kevin brady and cost of freedom over the weekend because it's quite revealing over what will happen over these negotiations. trade today don't want to move, but thank you very, very much. by the way, on the same issue about what is next, the budget issue having touched on that, we are hearing nancy pelosi and chuck schumer have accepted the white house invitation for thursday, budget summit. you might recall last week they canceled the powwow with each other. they argued the president started the chuck and nancy slate via twe

daca that we have seen over the past two years. but did you mean by that but at least if you start the government, that is better than piling on these deficits as a result of never starting the spending? >> will comment deficits are going up no matter why. the amazing thing for me is all

this whining and complaining about a small tax cut, let me be clear, a small tax cut that could cause a trillion in debt to say, when the spending over the next 10 years is nine to 10 trillion of debt that they of debt to say. the hypocrisy run amok right now and again, that is the biggest worry longer-term. for me, it is just the same old, same old. i wish somebody would do something different. the good news is project early. more money will stay in the economy and hopefully away from washington d.c. the growth of the economy is based on the people that go to work every day, not the government spending from washington d.c. tree until you know, sarah, the one thing i did notice this they pay for, which is fine, but no one said boo about the natural trajectory about 9 trillion more to our diet and no one really mentioned that. they were focused on something

that was a 10th the size, which is fine. but why not go after everything? >> it is interesting that you haven't really seen any talk of offsetting spending cuts going along with these tax reductions. neil: or spending cuts of any sort. >> you haven't seen that discussion come up anywhere. it wasn't part of health care, not part of tax reform discussions. it's not part of the end of the year spending agreement discussion, not talking about cutting many spending. in fact, we are talking about lifting the cap funding on trade spending. consult extensively by conservatives, you haven't seen spending cuts on the part of any discussion of any major policy debate this year. tree until i will be talking to close budget watch. you follow this stuff very acutely into the point of rattling republicans and democrats, but the markets don't really seem to care about deficits are dead or they do seem to care about tax cuts and

getting them sooner rather than later. don't fight back. what do you think? >> meal, any company or industry, meaning they pay very high taxes right now. their stocks are flying based on their taxes are going to come down and out will be added to profit. profits go up, stock prices go up whether it's a federal express or a home depot. i've been going through the list today of financials, retail, transport, anything housing related here they are making moves in the last few days that you don't usually see for a year. most definitely come in the tax reform is speaking loud and clear about the winners. on the losing side, they are going after anything technology right now. semiconductors, internet, things like that. definitely a diversion going on, but i can't argue with the dow tightening and that is where you

go for the time being. neil: guys, thank you both. biomechanics, the budget president. i always say when i mentioned her title and background as it neared we are not seeing it here. eventually that will be a problem to the markets don't think it is, betting on some growth, without getting into the weeds, is there some truth that you will see some growth and that will create revenues because built-in to the latest 10 year plan by one budget for crossing group, 1.9% on an average, certainly we can do better than that, right? >> right. let's start with where we are expected on growth. tax reform will grow the economy. the argument has been if it will grow the economy by four tenths of a percent by the year to offset a trillion dollars of borrowing that we are finding the tax bill is going to cost. neil: four tenths of a percent

of the established rate of 1.9%? >> right. to .3. which doesn't sound too high. the difference is, our population is retiring. i laid force is not growing like it used to. it will only contribute one quarter as much to growth going forward us a pass in the past and that brings down our growth. the four tenths is very hard to do because we don't have a labor market boosting it out. the scores on the tax reform bill and not everybody wants to bank this on a wish and hope in a dream, but the scores that it will grow the economy each year by about 2008%. and so, pretending the growth is going to be much more, means we are going to end up with a much larger debt. but the conversation before hand, this on top of the fact that yes indeed we are on track to borrow $10 trillion over the next 10 years. you know who has been talking about that a lot is us, the federal budget is really worried

about that. republicans have talked about doing a budget that would get the balance over 10 years, but instead they have absorbed. they plan to bar the $10 trillion they just added added $1.5 trillion, making the situation worse after economic growth, not better. that is what we are worried about when the day of reckoning will happen. if we keep taking the easy choices, they will pay for themselves when by all accounts accounts they want accounts they won't come in the debt will grow and grow and grow and the outcome will be bad for the economy. neil, i've gotten into this before, the obama years in these years, with very little coming you know, severe pain, you could adjust the growth rate of some of these entitlements as pauline wanted to do when he was running house ways and means. he was following the growth in a portrayed him as throwing granny off the cliff and top was the growth in entitlement. a lot of people here that they may think no, it's not a

gimmick. these are the biggest ballooning parts of our spending and just by changing the trajectory slightly, it is a whole different game. >> that is completely correct. social security, medicare and medicaid are the big items in the budget, big items in the debt big spending growing faster than a revenues and we just made a plan to bring in less revenue to pay for the spending instead of more. but we can't control that by slowing the growth. what i would say judging on the budget where they didn't touch a single entitlement, what is going to be made this bipartisan effort. republicans have not shown they want this on their own. from a political economy, we made it so much harder to touch the entitlement. trade to if you have the aforementioned checking the the pelosi eager to meet with the president on thursday, so maybe they are back all in good graces, then there might be room

for a bipartisan deal on spending. i know maybe hope springs eternal, would you make of that? >> i wish i shared your optimism. they will talk about not having the government shutdown. that is very different than undertaking fundamental entitlement reform, which we need, but is much harder. what we are about to do with us through the spending caps that exists. we have a sequestered place and by all accounts republicans and democrats are eyeing how to lift those and start spending more. i hope they'll offset those costs, but i have my concerns. we have a paygo sequester as a result of the tax for virgo, which would reduce spending by $150 billion per year. you know who is promising that they will not have spending cuts? leaders of the house and senate. mcconnell and paul ryan said we are not doing a sequestered. there is no appetite for spending cuts or entitlement reform on either side of the aisle from what i can see. neil: they both have to jump off

together. >> after this tax reform bill, and jumping off together just got a lot more difficult because democrats are saying you took all the revenues off the table, not you want us to jump with you? that makes negotiation more complicated. i wish we don't entitlement reform our complicated. neil: gatt, but they started it. thank you very, very much. in the meantime, an fbi agent removed overt anti-trump tax. sometimes you wonder what the president talks about the fbi's credibility. is he onto something or the constant relentless attacks of the credibility proving the president could be onto something. ♪ zar: one of our investors was in his late 50s

right in the heart of the financial crisis, and saw his portfolio drop by double digits. it really scared him out of the markets. his advisor ran the numbers and showed that he wouldn't be able to retire until he was 68. the client realized, "i need to get back into the markets- i need to get back on track with my plan." the financial advisor was able to work with this client. he's now on track to retire when he's 65. having someone coach you through it is really the value of a financial advisor.

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e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. neil: all right, the president now by the way many with leadership from the church of latter-day saints, utah very big mormon state. he has been touting much the same for alaska. for alaska appear really get into that in the day. in the meantime, fbi agent removed over some nasty tweed he was writing about the president. a lot of this is calling into question whether the

investigation and the possible russian ties whether it is fair to him. let's get to read right now from the hill right now, bill gavin, former fbi new york assistant director. so bill, it calms with the veracity is what we get and how unreliable it is with the fbi in this investigation. what you think? >> it is a very difficult set of circumstances. i hate to be one of those people who say when i was in the bureau xyz. i don't mean that at all. first of all, with the focus on the fact side men and women in the trenches doing the work every single day will be totally dedicated to the justice and the american way of serving the american public. with that said, i have seen in recent times kind of a change in maybe some of the management within the bureau. we had jim comey himself begin

to prosecute decision outside of the investigative agency, i.e. the best agency in the world. that didn't please me that much. then you have to hand him a cave his wife involved in virginia politics and now you have the deputy are making some comments when he was involved, negative comments from the president when he was involved with the hillary clinton affair and it just doesn't make a lot of sense to me. in days of yore, the bottom line was you didn't get yourself involved in politics that he had turned political opinions and he voted the way you wanted to vote. it has no place. politics and political affiliation has no place in the fbi. it just doesn't. neil: it ought not to be to your point. nevertheless it's out there and bob mueller did get rid of the guy. what i didn't understand is how this wasn't telegraphed earlier

or whether this guy had expressed his views in any way. you want everyone to demonstrate no agenda here and i wonder. what do you think? >> you have these tax messages supposedly coming out during the presidential campaign in 2016 at the justice department inspector general getting on its radar sometime this year and peter shirl, the fbi in question being pushed out off of mueller steam over the summer. no question what is going on there. clearly an alarming thing for the special counsel's office and they act did to get agents drop off of the special counsel team investigating the president. neil: how do we know there's not others that feel this way, no record of tax store electronic transitions to show it? >> that's right. many people here at the white house are going to be asking about the special counsel's office and it shows if you or someone on robert mueller steam

you best be on your best behavior at all times and keep on the straight and narrow. there are critics out there ready to seize on anything to portray it as politically motivated and politically biased. neil: i did when it gets her thoughts as well on the dustup over brian rolston reported suspended for weeks without pay same general plan was talking to russian operatives before the election turns out he was talking to them after the election with a world of difference. abc acknowledges as much. it did change what has been a fairly good-looking marketing to a 350-point falloff with you have grounds to sue abc. i'm not asking to be a legal expert on grounds of the lawsuit. would you think of the reaction to that and whether that was a clearly biased report that harmed a lot of people? >> it seems to me that the man

of the experience that brian ross has had in with all the different stations he's been with, he should have done a much better job at making sure why he put on other than the public market was absolutely true and correct. he didn't obviously do that job. he relied on some information that kind of went with what he personally was thinking. that's the wrong thing to do in the organization you are in in the press has done a great job of double sourcing things. it appears to be brian stepped over the line and he is the first to admit that he did what he should never have done. the impact on the market that day i don't know what became of that, legal minds will figure that out. it's not fine. it was a tragedy what he did. neil: jordan, the other argument he did know the significance of talking to the russians didn't delineate between before or

after the election where that's a huge difference. when you think of that? >> there's a difference there and there's also a difference in what we see with the president over the weekend that cost the much aligned to be fired the national security advisor because what he said to vice president pence in the fbi as proof of obstruction of justice for some pushback from the white house that that is novel is happening, that the president may not have really know the extent of white michael flynn told the fbi at the time. there's a lot of confusion in the details. there's a lot we don't know and want to find out what happens. neil: gentleman coming to munich very much could the president in utah meeting with leaders of the mormon church with local residents. of course, this network will carry it live with more than 40 minutes. meanwhile, apple has another glitch driving a lot of folks not. cbs by an anthem for 69 billion

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>> welcome back to cavuto coast to coast. nicole petallides on the floor of the new york stock exchange. the dow up more than 870-point and the march continues. new record again today. right now the dow was up 195 points. 24,470 at an all-time high. s&p 500 higher bracer 10. nasdaq not participating down about 14 people rotating into some of those types of stocks that will benefit from tax reform. a look at the dow leaders today with names such as disney doing most of the pixar movie, coco. though wayne, verizon, chevron, best performers of the day.

tech has been pulling back son. names such as netflix, microsoft and amazon was stellar performers this year all down 1%. microsoft down to .6% and amazon down 1%. people moving into areas such as financials and industrials with more from tax reform. neil: thank you very much, nicole petallides. here is a record or close to it. so many big transactions. cbs wants to buy -- cvs wants to buy aetna. deirdre bolton with more. >> this is the biggest deal announced so far this year. i do not in before the end of the year. basically the latest most erratic sign of how the lines between traditional segments and health care are blurring.

the idea here is to create one-stop shopping for consumers would pay prescription medications. post merger this company would have a retail pharmacy and a company that can negotiate prescription drug traces. really important with drugmakers. cvs is going to own almost every step along this prescription process with only one exception and that is making drugs. cvs would not manufacture drugs, but everything else is what they wanted to hear. most analysts had been speaking with see this as a preemptive strike against amazon. this is amazon of course as we continue down slightly. basically known to step into new businesses and crushed the competition. noting in this context is amazon applied for and approved for wholesale pharmacy licenses in the east 12 states. that means you can order your prescription medicine, have it delivered by amazon on with

paper towels, crayons, books, whatever you normally order from amazon. tech has changed so many businesses, but the retail side, and basically act in the same as we did 10 years ago. amazon is known to be disruptive. traditional companies feel the thread trying to find creative solutions to stay relative. you remember when amazon bought whole foods for 13 points $7 billion. other supermarket stocks fell hard and one thing i want to make a note of as well, the aetna ceo will step down when this goes through. cvs we are assuming will get the go-ahead to buy aetna. neil: an attack of lower drug prices as a result? >> this is really the big piece of the puzzle because cvs has something like 10,000 retail stores and so they will go to the drugmakers and say listen, i am making this so much easier point to point for consumers. we need to talk.

neil: and they will talk. thank you very much. in the meantime, apple facing a few more issues tremendous time over an iphone glitch that was more widely spread than thought. lauren simonetti. >> it didn't happen to me, but if you feel a lot of apple bugs lately, you are correct. another headache for apple users over the weekend that cost the company to hurry up and visit slater system for iphone and ipad ios 11-point to you right away what was actually slated for release tomorrow. apple basically to rush the update that fixed the glitch friday night but some users said their devices kept crashing and rebooting themselves over another when they were using third-party apps. notifications repeatedly or a work reminder, something like that. if you wanted to install the operating system 11-point to come you had to get past the crashing coming meaning you had

to literally go into settings to allow notifications for each affected appomattox pretty annoying. apple has issued the fix here. it has not replied to our request about why this problem and others keep happening. you remember this when auto correct turned eyes into race. when other people could log into others without even a password. they got administrative access. we heard reports that patch didn't fix the problem in many instances. bottom line, recently the patches are rushed. they are not solving the problems or they are creating additional problems. if you go on twitter coming you see folks complaining about shorter battery life and other issues like that. neil: amazing. thank you, lauren. in the meantime there is a battle back and forth over the

taxpayer now whether it's fair, but an excuse to the rich. it depends whether you look at the data. either side pushing fake news. here's the thing about numbers. they are not really conclusive. after this.

neil: albright, the president is in utah meeting with leaders of the church of latter-day saints, and let's listen in here. >> just discussed all of the care in all of the giving you've done and to help people comment particular poor poor people would be a great thing and perhaps will transmit back to different parts of this country in the world. it is so brilliant to hear it.

>> thank you, mr. president. we are here in a place where we have food and material that we give to the poor. this isn't simply an example of what we do across the world, the idea of being we think we have an obligation to look out for the people who without our aid have tragedy of poverty or hunger and this is an example of what we do. >> 120 -- would you say a word word -- >> i was in china last week and got to see what a wonderful job president trump had done previously. they were filled with hope because of your visit, mr. president, and also to put

in the chinese church bringing supplies for school children who didn't have the means of getting what they needed to go to school with. >> i heard you were there. for really great heart surgeon, one of the best in the world and he decided to help even more people by doing what you're doing, so we appreciate it. >> thank you. thank you all very much. appreciate it. [inaudible conversations] >> mr. president. mr. president? neil: the president meeting with more leaders in salt lake city. he is going to be addressing folks they are in about an hour while he will let his plans ran in on some activity going out there and also some protective

glance going out there. this is the same type of scene he and alaska where they look for more energy reserves. lisa murkowski of alaska and other senators have been very eager to do that. orin hatch, senate finance committee leader who is rumored to be interested in stepping down. and if he were to step down, mitt romney has emerged as someone who would be interested and of course, was very instrumental in turning around the utah winter olympic games. he would be considered extremely popular, very heavily favored to win is extremely republican state. the president when you the president of winning utah handily in the last presidential election. we will keep you posted on all of that. meanwhile, a lot of focus on the tax-cut plan coming together in capitol hill to iron out some of these differences. using a lot of the headlines

that this is just a gimme and a penny for the rich, even though the rich under a lot of conditions could see their taxes go web. it depends on how you look at the data. a couple of different ways to look at it. gerri willis has been spending far too much time doing just that. what have you noticed? >> thank you come and kneel. who you listen to, it's either robbing the middle class to pay for tax cuts or it is the most equitable piece of tax legislation in history that will enrich the country in short order. the reality somewhere in between. let's look first at characterizing the bill is unfair to the middle class. in fact, the builders offer benefits to people with mid-to low incomes including a doubling of standard deduction for 13,000 per married couples to 24,000 for the senate bill doubles the child tax credit to 2000 bucks, reinstate for student loan interest, parents to deduct to children in need of medical

expenses to some extent of the senate into senegal repeals obama scare individual mandate as a tax penalty for not having insurance but as a minnow causes 695 bucks or 2.5% at to $2085. to be sure, as democrats pay their benefits for small business operators and big companies. the top tax rate for small business falls from 3926% right now to below 30%. corporate tax rates plunged from 35% to 20% and the senate bill shays a percentage point from the top individual tax rate to 38.5% from 39.6% of the estate tax exemption is boosted to $11 million. meanwhile, the gop is the same as everybody's tax rate. that is not true either. tax payers who are employees rather than working for themselves will see a lot or reduction of key deductions. no longer will tax payers deduct

state income taxes. deduction for property taxes will be limited to $10,000. also, pinocchio's on both sides of the aisle with many of the broad sweeping characterizations of this tax plan simply not true. neil: it is confusing to put it mildly. gerri willis, thank you very much. kevin brady was telling me why tax rate should be delayed for another year. the senate delays the corporate tax rate to 2019. the house plan starts in 2018. how do you feel about that? >> sooner rather than later is the answer. we just think the sooner we can become competitive, the better. our international competitors they are not standing around to look we are talking about it now at the end on tax reform. focusing on that 20% rate, trying to get it in place as soon as we can.

the sooner we do it, the more competitively become. neil: the now former u.s. small business administrator, good to have you back. >> thank you, neil. neil: do you think that makes a difference whether his 2018 or 2019? >> and as for those small businesses. they want how some certainty is that they can do their planning. they are interested in their bottom lines. this discussion gets talked a lot about a lot about what to do for the big guys. i'm interested in what's in it for the small guys. any money they have for the bottom line goes right back into their business. we think it's critically important this be effective next year for sure. neil: the talk were the president all of a sudden open up the possibility of 20%, maybe 22% to pay for other things, what do you make of that? >> they have to go to conference and figure out differences between the senate bill in the

house bill. we weren't totally satisfied there was enough for past their businesses, so we will keep a keen eye on how it perceives to the conference. the president says he wants it done this year and we want the christmas present for the american small business men and women. so do we. neil: one thing i heard from a lot of the 1% crowd, very angry their rates will change, they will pay a lot more to seeing how they can become to take advantage of the. and it wouldn't be the first time they tried it, with ways to pay less in taxes. do you think that could have been indeed think many will seize on the opportunity to make it happen? >> there is always a chance for that to happen in smart people find ways to get around these things than they have been for a long time. the folks on wall street have been not taking it as same time

in getting capital gains. let me tell you there is an opportunity cost here and that is for example hispanic businesses growing as fast as all other businesses, they would add double what they are adding right now to the u.s. economy. $1.3 trillion. we came out with a report last week. there are big stakes especially for the small businesses in the small engine of america. neil: good seeing you again. the former u.s. small business administrator. neil: the president does he know on his way to utah, officially talked to roy moore. i believe there was the first in recent memory that he has, fully endorses him and now everyone seems to be getting in line in lockstep including mitch mcconnell. so then what? after this.

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>> i can almost assure you john conyers is going to make what i would think is the right decision for his own legacy. neil: which is what? >> is to step down and try to enjoy the rest of his life. neil: so you think the right decision would be for him to go? >> yes, i think that would

probably be the best for. >> his family and, frankly his constituents. neil: remember that democratic congressman emanuel cleaver, a preacher by training, john conyers are very, very goodç friends. when cleaver is calling as he was in our live coverage over the weekend on his friend to step down and resign, that's a big deal here. combs on the heals of nancy pelosi urging the same and other democratic leaders to say, better part of valor for conyers, the longest-serving congressman is better to go now and not wait for next year. we have campus reform.org media director cabot phillips. what did you make of that. >> congressman cleaver is not the first member of the black caucus or more influential to call conyers to step aside. james clyburn, one of top

leaders in leadership did so and wouldn't make a difference. neil: conyers most of times he speaks through his attorney. the counsel said the congressman isn't going anywhere, sound like he wants to serve out his term. >> it does sound like that, doesn't it? neil: so, cabot. there is a lot back and forth, clear message, democrats want to be rid of this, when republicans come up on roy moore, would be rather rid of him before he get there, now they the latter,ç seemed resigned to the fact that al becamians could elect him, if that is the will of the people, move on. what do you make of this? >> it is interesting to see how with conyers and with more a lot of people in office are kind of kicking it down the road, trying to stall. congress especially saying well, i will wait to make my decision. he and his team hope someone else are accused of sexual assault, and tide blows over so they can stay in office longer. i don't think that ends up

happening. when it companies to moore down in alabama, it is important to both sides, a lot of republicans think short team we have to win this election no matter what, the damage would do as portray themselves morality, family christian values and elect into office a guy like roy moore. i think long-term damage would be done but a lot of -- neil: i know you cover them, cabot. these are allegations that he had this sexual relationship with an underage woman and women. so innocent until proven guilty i guess. one thing cops up in all these allegations corporate america, they are gone. matt lauer, gone within a nanosecond of revelation, bill o'reilly, on and on.ç very different standards in washington. i'm wondering whether there is a happy middle ground here? i don't know. what do you think? >> it's a great question. i agree with cabot completely this will do a long-term damage to the republican party's brand, looking at democrats, having so

much trouble figuring out how to respectfully usher senator franken and congressman conyers out the door does potential long-term damage to their brand as party that speaks to women's concerns, particularly women alleging these kinds of horrible offenses. so this is a bipartisan problem for both parties has not figured out how to message. neil: it does seem to be a problem. cabot, they're trying to get to the bottom of this fund wh3re payments have been written, checks have been written to victims of harrassment and worse. i'm wondering everyone pleads ignorance to a, the existence of the fund, who wrote the checks, who got the payments but it was going on nor a long, long time. any end to this? i mean a lot of people calling for transparency, you have first have to acknowledge what the heck is going on in the first place, right? >> we'll get the names who was on the list and who was covering up paints. i think the information women out as long as there is public

pressure. even conyers, says)en if he does resign his legal team says if he does resign they will push to get the last paycheck before leaves office. he should not get another penny of taxpayer money. if it comes out we believe it is he was giving out payments of taxpayer money to keep sexual harrassment things quiet he should pay the american taxpayer back for these kind of things. he shouldn't get another penpy of our money. neil: thank you for all the heighten news day with much going on. we appreciate it. record on the dow. when have you heard that before. what is interesting about this ongoing rally, without getting caught too much in the weeds, is the leadership of it, and one of the healthy developments they talk about, who is leading it and who is not. one of things a lot of people who are bullish and want to be substantially bullish is arguing that, you know, your heroes of yesteryear, let's just say yes, sirter week like nothing, they could be getting bludgeoned and

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remember, they poses the possibility that mitt romney could be interested in running for that seat should hatch step down. orrin hatch has not indicated one way or the other he is going president says he prefer hatch remain. to trish regan. trish: hey, neil, thanks so much. stocks are soaring up nearly 200 points on hopes tax reform will get done on relief that abc's brian ross report on michael flynn was wrong, as don't forget we suggested might be on friday. president trump blasting the false report which tanked the markets on friday. we'll get more reaction from the president when he speaks at the utah state capitol this hour. we'll take you there live as soon as that begins. i'm trish regan. welcome, everyone, to "the intelligence report." this is very busy day. if you watched the show on friday i warned you be, very, very cautious about brian ross's reporting at abc. take a