stuart: dow bouncing back not too badly today. facebook, amazon, microsoft, apfa bet apple on the upside. reading this out for benefit of our radio viewers, one who called me yesterday, thank you very much indeed. we listen to you on the radio. we wanted numbers. neil, it is yours. neil: i don't understand that. so, do you have a different policy for radio? they're not viewers, listeners, obviously. stuart: we have large numbers of people listen to the show and yours maybe and they're on sirius satellite radio, i say microsoft is up, they can't see the price. for their benefit, microsoft is up. are you okay with that? neil: i want to be clear. just radio i can hear you saying, stocks are down! but that is not the case. i understand. thank you, my friend. all right. stuart: get out of here. neil: we have a lot going on. president will have lunch with

six key gop senators. it is interesting a mall gum. the latest hurdle seems to be a spending bill, budget bill. not that the government lights go out but there is concern about how long do you keep it going latest talk is a two-week measure? do you believe that? a two-week measure. to get us over christmas. i kid you not. we have a a chief congressional correspondent. this will be bigger issue than the tax cut thing, by and large been resolved. we have arguing back and forth today, but what do you make of this? >> first of all i don't think the tax deal is settled either. today the republican leadership handed out three pages of differences that the house lawmakers have to look at and consider when they go into negotiations with the senate. a lot of them are small differences but those are 30 or

so differences they need to work through. as for the spending bill, you're right, that will really take the oxygen out of the room for the next couple weeks. right now they're talking about a two-week spending bill to get through december 22nd. then a second short-term spending bill, either get to the end of the year or potentially into january. that would be making things even more complicated, accompanied by fiscal 2018 spending bill for department of defense which can't cope with short-term measures. looking three pieces of legislation, with still no guarranty any will not pass. neil: if we couldn't print money we could so be a third world country right now. you can't rob peter to pay paul to sustain our financial well being this way but be that as it may, this is important to the tax thing, i think a lot of those votes they ended up getting yeas in the senate hinged on a deal would be

friendly to their spending needs. i think of john mccain, who wants more spending for the military, might have predicated his vote on that, hard to say. susan collins, very, very big something be structured in the budget bill take care of people's premiums that might go up because of nixing the individual mandate. a lot is hinging on this, right? >> this is a house of cards and a lot of cards can be yanked out at this point. collins request for spending cost-sharing subsidies for obamacare. over on house side, i talked to republicans about that they're willing to accept it. some of them, but others don't like it. the speaker will not commit to it. he was not part of that deal made between majority leader mcconnell and susan collins. so that is really left up in the air. what is, neil, overall a strong desire to finish taxes by december 31st, they're really ready to go. they want to get this done. secondly a strong desire amongst republicans to avoid coined of

spending showdown that plagued the congress every year because this time, they are in charge, the white house is under republican rule. the last thing they want is a specter of the shutdown clock. partial closures all that stuff. that is motivating them to strike a deal, so that, leads me to believe they will get something done, but there are a lot of people who have a lot of demand. it is hard to see how all that gets reconciled. neil: everyone will hold them up there. got to do this for me. do this for me. billions keep going by. thank you very, very much, susan. food -- good seeing you. we have the citizens for self-government president, mark meckler, charlie gasparino and shelby holiday. this argument, began with house freedom caucus, largely conservative members, all of sudden have a temper tan tum.

what happened here? >> they have a temper tantrum quite frequently. neil: they are a bunch of of mark mechanic letters. >> they are very coordinated and know how to use their leverage. neil: so does he. >> fine. with respect to the corporate amt that is what we're talking about, alternative minimum tax, there are a lot, a number of senators and representatives who are not on board with this last minute change with the senate bill. neil: that was surprise, right. >> that absolutely blindsided them. over the weekend we heard they will ramp up the lobbying efforts to get it out. the problem it is $40 billion. neil: they need the money. the other thing out there, mark, in order to pay for that, maybe that is why the president was throwing out higher corporate tax rate, make it 22%, not 20%. do you see this getting resolved? someone like you, deficit hawk, what do you think of this? >> i think it gets resolved because the republicans need to

get it done. they will get this done before the end of the year one way or the other. neil: do you. >> they're all republicans in the end. this is all a mess. what american people think of it. alternative minimum tax, most regular americans have no idea what that means. we heard about tax simplification. there is not anything simple what they're doing with tax reform. neil: there is nothing simple about this this is a mess. >> the individual side is really a joke of tax reform. i will say this, what is really sort of perverted about this process is that businesses, are, all these business groups are running to congress to get their little tax break in there, the little hoop hole. the individual tax payer in that process gets screwed. the way this thing is set up, and again i keep saying it, if you're working class person or middle class person from the midwest, and you make $75,000 a year, something amount in that line, you are getting a very small income tax cut.

unless i'm missing something, an income tax cut. you pay most of your taxes on federal level through the payroll tax. in order to give the, show this sort of, create this aura of a tax cut for the middle class, they are giving middle class people this tiny little tax cut if you're in the midwest. if you're in a high-taxed state, you are middle class, 100, $200,000 a year plus, you're getting hosed on this thing like no tomorrow to pay for a corporate tax cut. >> they won't budge on it. 20%. coming down from 35. you would think there is leeway. that is the backlash, why not just ump up corporate rate a little higher? >> the only problem is -- neil: the other idea, keep it for corporations. remove possibility individuals could get ensnared. these would be pass-through businesses paying for it who are often time individuals. >> corporate tech firms and companies that invest in r&d and affect farmers and manufacturers. >> small business people.

>> right. >> the idea that the people in high taxed states are being killed, grassroots on the ground, i one of them, in california we're in favor of it. neil: why? >> because these blue states need to pay the price for fiscal profligacy. neil: residents are being hurt badly to make a political statement. >> i don't think it is to make a political statement. to impose economic reality. neil: will be years to get a state this to lower tax. >> i agree with you, theoretically. i think most conservatives particular i in these blue states would agree with you but the whole notion of tax reform is to close the loopholes but take rates down. so they are really targeting, it is really class warfare. neil: argument for all its warts and problems, for all the machinations budget reconciliation, what it requires this is better than nothing. i don't know if i subscribe that view. that is how it is resolved. beats what we have. >> no doubt from business standpoint, from a market

standpoint -- i just don't think factories will start cropping up in upstate new york abuse of a 20% corporate tax rate but i think from a market standpoint, this is really good if you're an investor. the real problem is when people start doing their taxes that are in the high-taxed states, and you're middle class, i don't care what anybody said, if you make 200 grand a year, family of five in long island, you are not rich. you are not living like warren buffett. you're treated like warren buffett in this tax plan. again the whole notion of tax reform is to take rates down and close the loopholes. they are not taking individual rates -- >> big question politically, how much is this going to impact republicans? is this like a doctor, keep your doctoring moment? >> good question. neil: that is argument, be careful, republicans be careful what you wish for, people, if everything is in the net paycheck. if you don't see a big

difference, i don't know what your thoughts are, big fan of more money in people's hands not in the government's hands, i understand that, won't be as much money in folk's hands they might have thought. i am wonder if that boomerangs on republicans? >> maybe. more tax cut middle class, making 200 grand, they are middle class in a lot of places, put extra 700 bucks in their pocket doesn't make a huge difference. >> i think they're paying. >> the question does the economy boom. neil: do you think it will? >> this is about consumers -- neil: guys, i do want, i no gaspo wanted to get to nancy pelosi. she did comment on this we'll take a look. >> this is armageddon. this is a very big deal because you know why? there is really a very hard way to come back from this. they take us further, more

deeply into debt. what can you do but raise taxes? neil: armageddon, be deeper into debt. armageddon to me when ponderosa run outs of prime rib. you have armageddon on your hands. >> what will she call nuclear war with north korea? neil: i don't know. it is on steroids. leaving aside the whole issue, mark, whether she is ride right or wrong or getting a too extreme here, you are going to hear democrats you drove us into debt for this, ignoring the fact as debt stands now, another 9 trillion will accelerate over next 10 years by spendings, having nothing to do with the tax cuts. what do you make of the argument that the democrats are raising? >> i think it is a good argument generally speaking, made by the democrats it's a joke. you never hear democrats worry about debt. nancy pelosi is setting stage for tax increase. that is what she said. they will have to raise taxes.

and take over house and senate and raise tax. >> they will screw the middle class in new york three times extra because this is not, this is not a tax cut for the them. i just make one point. i think the political risk for republicans is more nuanced. i don't think it will be armageddon. listen, even if the stock market foes up, that helps economy itself. neil: to your point, excuse for the wealthy, right. >> market going up doesn't necessarily mean people feel that in their pocketbook. >> i do. >> this is why everyone hates politics. why congress has low approval ratings, they point the finger, democrats you didn't care about the debt. we're raising it now. we're raising debt. >> republican problem is this, house members in blue states, missing something, devin nunez from california, right? peter king in long island there. is about 40 of them. >> new jersey. >> can they actually hold their seats if, when next year, like,

you know, middle class families are like, oh, my god, i'm paying another five grand? i thought i was getting a tax cut? >> that's a good point. the house of representatives is definitely a target in the midterm. >> as guy lives in one of those districts unequivocally yes, voters will not vote for democrat. they might lose in primary but not lose in general. neil: what about swing districts? >> swing districts is the call. that is more difficult situation. neil: house changes in november? >> i don't think the house changeses in november. neil: what do you think? >> it could. much better chance than senate. >> in two years, when people really start, if this thing, listen, you consult your accountant. it is hard thing to figure this out. >> got to see the bill first. neil: you don't do taxes yourself? >> i asked my accountant this weekend how bad did i get f'd. neil: we have standards here. >> he hasn't gotten back to me. neil: the -- we're watching that

closely. dow down 42 points. as you heard in the meantime, they're moving lickety-split as much to get it done fast, but also make the roy moore campaign and election next week a moot point. if you have all this essentially, signed, sealed virtually delivered by then. who cares who wins that race? right now for republicans it is a no-win race at that after this. ♪ for every hour that you're idling in your car, you're sending about half a gallon of gasoline up in the air.

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comcast business outmaneuver. neil: well the whole party has gotten around roy moore, so it seems. the rnc is funding the alabama senate race avoiding him like the plague. the president is a big reason for that. he never gave up on the guy. say what you will about the charges that deal with relationships with teenage women going back decades, the fact of the matter is, well, everyone seems to have come around him, as a better alternative than seeing that seat go democrat, even though establishment players are worried about what the party will be left with. mitt romney has come out and say there are some things that just aren't worth it. apparently judge moore is one of them. red alert politics contributor, angela morbido. "weekly standard," john corevin.

romney sounded alarm that was echoed by mitch mcconnell, who now seems to be saying let the alabama voters decide but not mitt romney. what did you make of that? >> i don't think mitch mcconnell coming out strongly against roy moore is going to hurt roy moore. neil: i think you're right about that. >> when mcconnell says we'll let alabama voters decide that is him staying out of that race. neil: he shouldn't have said anything at all from the beginning, right? >> there was biggest story. he is senate majority leader. people like cory gardner, head of the national republican senatorial committee he believes charges. cutting off funding from the nrsc, national senate campaign committee that he should be expelled if he wins and takes a seat. this is a dilemma. this is clear-cut case where it is both moral stupidity and political stupidity to get behind him. these allegations are very

clear, that he dated, there is a lot of evidence that he dated girls in their teens. there is allegations of molestation and sexual assault that are credible. this is very troubling. neil: think about it, angela, if alabama decides, given heavy-handed approach lecturing, not talking about john, from those on capitol hill, this guy is persona non grata they still elect him, that tell meese more about how alabama voters feel about official washington than judge moore? >> i would say it tells you -- >> first, angela on that. i want to get your reaction. >> sorry about that. neil: that is okay. >> if you look what went on in alabama in 20,161.3 million alabamaians voted for trump. what the -- 2016, 1.3 million voted for trump. pull out the names, get someone over 30, eligible to serve,

willing to do it, and not a criminal or a, not a special predator. they could have done better than roy moore, could have done way better than hundreds of thousands of times with different people who would be willing to do the job. the bar to get into the senate honestly is not that high. be an american citizen 30 years old and want to represent your state. the bar for someone like roy moore who doesn't have moral characterrer to serve, doesn't belong in the nation's governing body, all the gop has to do is do better than democrats. democrats don't hold their creeps accountable. all we have to do is stare these men in the face with things they have done and force them to own up to it. but of course the party won't do it. they're for fitting the moral high ground. neil: we have to stress these are charges and allegations. to john's point, he certainly dated underage women at the time. that doesn't necessarily leap to some of the next things you're saying but i do understand what you're saying.

john, what i'm wondering is, what happens if moore wins, comes in, obviously what mitt romney is saying, that will pass a pall on the party that will last a long, long time, potentially hurting it in the midterm elections. i'm taking that leap from what he said. what do you make of that? >> i think it will hurt both in 2018 in midterm elections and will hurt in 2020. that is when donald trump is up for re-election. a whole lot of republican senators in difficult seats up for re-election. this special election only fill out jeff session's term. you will have to two elections where this guy is on the ticket. if president wants to run with roy moore that is what he is bargaining for. i would say the allegations hurt him a lot. alabama, nate silver at 538.com pointed out that roy moore is running 25 percentage points worse than typical republican. neil: there is no doubt this has hurt him. this race is much closer than it need be, but if he ekes it out and arrives in washington and

washington says, that powers that be, angela, in the republican party, we do not want you, we'll not seat you, we'll move automatically to throw you out of here, then what? >> that is huge embarassment for the gop. more embarrassing than this entire situation is already. the senate can refuse to seat roy moore. i doubt that they will do that because the republican party is backing him. they're throwing money at his campaign. but what is likely to happen, is that other senators, he is an easy target. he is really easy target to say, this is why we won't work with the gop. why should we compromise with a guy who is accused of doing really, really terrible things. he is distraction from real agenda, tax reform, securing our border. neil: the president cast his lot with him, sensing that his democratic opponent would be far worse on these issues? >> that may be true but roy moore is poison pill, you might take it on december 12th in the alabama election and effects

happen next year in '18. neil: we shall see. thank you both, speaking of the race, how important it is, we'll cover live on the network, tuesday 8:00 p.m. eastern, on fbn until ever. latest polls show it very, very close. as our guests point the out, much closer than it need be in a state as red as you get, yet could be looking at the first democratic senator, what, better part of 70 years. we'll be exploring that. we'll have more after this.

neil: all right. apparently the president phoned jordan's king be a bull law he wants -- king abdullah he wants to proceed with the move the u.s. embassy to jerusalem from tel aviv. that causing hackles in the arab world and that would cause all sorts problems in the neck of the woods but he at least let

king abdullah know his plans. not a shock here. don't know what the king had to say to him but we'll keep you posted on that. on the tax cut, stocks are pairing back a little bit, latest catalyst of the selling seems to be sudden insertion of an amt tax for both business and some individual. it is kind of a convoluted here. former cke restaurant ceo andy puzder what he makes of that. they did in the senate, andy, kind of slip that in there. i understand the constraints they're under to make the numbers match and pay for themselves over the years, but, now, it could be jeopardizing support among the house freedom caucus and conservative republicans. could this thing blow up? >> i don't think it will blow up over this. i don't think the impact is big enough to, from my view, the individual or the corporate to blow it up but it is contrary to the objective here which is to

generate economic growth. if we're going to generate economic growth, we shouldn't stick all technicalities in there that seem to discourage growth, whether corporate or individual amt that takes money from people and we're trying to give money to people. neil: are you surprised, i know everyone went into this the saying the real tax breaks would be for corporations and that would ignite and fuel an economic boom, they added, i'm not saying an afterthought, but not as much thought of individual rates that have a lot of people in high-tax states are getting the shaft. what do you think of all this? >> i think people in higher-taxed states will have to pay higher taxes there. are reasons to eliminate the state and local income tax state deduction whether or not this state will benefit of it. we don't want to subsidize governments of these states that have high tax rates. i can see staking that away but the still over all the emphasis needs to increase people's

paychex. if paychecks don't go up, it will take a year or two before the economic growth will come in with strength, what people will see right away where is their paycheck? if it is small decline or no decline at all, i don't think voters will be particularly happen in 2018. neil: i know a lot of successful business guys like you andy, they don't get reckless right away. a lot of money comes into their hands, corporate or business sense park it somewhere. >> yes. neil: men and women put in money market or checking account while they sort out what they want to do with it, usually invest it. businesses operate same way, plow it back into their stock, raise dividend, don't do anything freaky right away. so i wonder if people expecting them to immediately start hiring people or paying people they have more, i don't think that is going to happen, at least not immediately? >> i think it does take a little while for the economic growth aspects to kick in. it may not be in the first quarter, second or third quarter.

it happened under reagan. it happened under kennedy. it takes a little while for the economic growth to reach the economy, for people to start spending and start loosening up. there are incentives in this bill for businesses to invest, allowing quicker depreciation, you know, trying to get companies to bring money back to the united states, holding off overseas. all that to generate growth. neil: would you call it a disappointment, if a lot of these guys, women, as well, just plowed it back into the stock, market, that sort of thing, and maybe, kept it that way for a year, maybe more? >> well that money is entering the economy. it is not entering the economy the way you think about a consumer normally simply spending. that money, it is not a sear re sum game. it does end up back in the economy. it takes a little while longer to see effects. we'll see effects. this tax bill, even as it is, even if they take the amt, or keep the amt in, is going to

generate economic growth. it will just generate more if they don't mess it up with these small tax increasing aspects to try to meet this senate requirement which is absurd and doesn't make any sense. neil: these are the rules, the bain of supply-sider existence to pay for tax cut with a tax hike seems asinine for me. it is what it is i guess. >> who was, pelosi, said we'll have to raise taxes, what else can it do? how about cutting spending? that is something else we can do. neil: neither party has done that. that would be the brave and proper thing to do but she is shell games they're playing ain't cutting it. andy, good seeing you again. >> good to see you, neil. neil: this raised rye browse, robert mueller, not general flynn or president of the united states, mr. mueller looking into president's bank records, one

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neil: two quick things we're following at the white house this hour. senators are meeting with the president of the united states right now, and yes, jeff flake is among them. so we'll see how that goes. wouldn't it be funny if you heard clanking outside? that is tacky and childish on my part. nevertheless they are discussing latest tax cutting agreement. broad outlines, both house and senate kind of in sync. the other issue right now seems to be, increasing focus on the budget because a lot of votes were traded back and forth to secure that. also we'll keep you abreast of these latest proclamations out of president regarding jerusalem. as you heard we'll be raising this in a second with ambassador bolton but to move the capital to jerusalem from tel aviv right now, and he is sort of doing a

phoneathon with leaders out there to give them a head's up. that is where he wants to go. he tell graphed that for some time. we'll see how that goes. meanwhile robert mueller asking deutsche bank for a lot of records dating back when he was businessman, long before he was candidate for president. blake burman at the white us. what mueller could be looking for. what do you think? reporter: hi there, neil that is important distinction, this is we believe at least before the president ever took office. he has long history of dealings with deutsche bank. we reached out to the white house i should say, reached out to the president's attorneys. so far no comment from the white house on these couple of reports that robert mueller, special counsel has subpoenaed deutsche bank for documents relating to the president's relationship to deutsche bank. we reached out to deutsche bank. they would not dig into the details. generally they take investigations of this magnitude seriously. the public disclosure forms are

for any and all to see. it does reveal that the president has had dealings, as a businessman with deutsche bank, three separate loans according to public disclosure forms, at bare minimum of $80 million, when he filed that back in 2015. other public reports have this number as high as 300 million. there is clearly a discrepancy there. either way when the president gave an interview to "the new york times" earlier this year in july here at the white house he made it very clear that should robert mueller go into his finances, the president, as he put it thought that would be a violation. >> mueller is looking at your finances, your family's finances unrelated to russia, is that a red line? >> that would be a breach what his actual? >> i would say yes. i would say yes. reporter: i would say yes, i would say yes, the president there. this afternoon a couple hours from now, neil, we're expecting to hear from sara sanders during the press briefing. she might potentially go after

different issue dealing with the special counsel, that is the revelation of peter strozok who was let go by the special counsel by robert mueller, because messages he sent to colleague that were anti-trump messageses. strzok admitted to in clinton email investigation had a hand in watering down the language used against clinton eventually. neil? neil: thank you very much. that we have the proverbial two-minute warning in the spray of that room meeting with some of these senators. six at last count. the news of late, confirming something the president vowed he would do, he is moving, wants to move the u.s. embassy to jerusalem. the israelis talked about making that their official capital as well. and the problem is that is not going down well in the muslim world, particularly the arab community, even with jordan's

king who the president telephoned a short time ago. john bolton here with us, of course our former u.s. ambassador to the u.n. what do you make of this? >> look this, is something the united states has wanted to do for a long time, congress over 20 years ago voted overwhelmingly make this move. every president since then waived it. from perspective american diplomacy it only makes your embassy in the capital city of the country we're accredited to. we don't know what the president is going to say. speech expected tomorrow. some are speculating that he wouldn't actually announce to move the embassy. neil: that it could be all hell in the middle east? >> that is a threat i don't think we should succumb to honestly. the united states decides where it puts its embassies, not mobs in the streets. for all those who predict this will have adverse on middle east peace process, i have to say the construction of a building, so dell tear russ to the peace process, the peace process is a

snowflake. nobody ever said -- neil: rail that has locked, holed and barred, jerusalem? >> nobody ever advocated american embassy to be in ease just, territory still unresolved. neil: ambassador, breaking away. the president spray for this meeting. sitting to the president, that is indeed, jeff flake, six senators meeting with the president. let's listen in. >> tax cut bill to conference. last night was very smooth. i think we will make it come out very beautifully. it's a mixer, a conference where everyone gets together, they pick all the good things and get rid of things they all don't like. it is fantastic bill for the middle class. it is fantastic bill for jobs and companies wanting to bring back massive amounts of money into our country. it is really. i view it more than anything else it is a tremendous bill for jobs and for the middle class much i think people see that, seeing it more and more. the more they learn about it,

the more popular it becomes and i think the end result will be even better. we had a choice, we could have gone directly for a vote. we decided put it into the conference, put it out into something where everything is perfecto. that is what we're going to do. this group of wonderful republican senators are here to discuss the tax bill. that is very important. we're talking about trade and nafta, what is going on with the nafta negotiations. we have tremendous losses with mexico and losses with canada. and covered by nafta. we last, here, we lost approximately $71 billion in trade deficit, we had a trade deficit with mexico of $71 billion. with canada, about $17 billion. we have trade deficits with everybody, virtually every country in the world we have trade deficits with. that will be changing. it is already changing. but it is changing fast. we went to china. we brought back over

$300 billion worth of contracts from asia. it was very successful trip. but now we'll look at nafta very seriously. we have bob lighthouser here. we have gary cohn. we're already starting the negotiation. not easy to have an election coming up. we'll see how that plays. but it will be very successful. we'll be talking about trade. we'll talk about health care. we'll talk about other subjects. the taxes we're so thrilled about, so popular. i think something will be coming out of conference pretty quickly as opposed to long-term. i think it will go pretty quickly. we're all on the same page. there is great spirit on the republican party like i've never seen before. like a lot of people have said before. that negative never seen anything like this, the unity. so i think a lot of very good things are going to happen. it will happen very fast. i want to thank you all for being here. let's have a great lunch. let's talk about trade. make great trade deals, instead of horrible trade deals we all got stuck with. thank you very much. thank you, everybody.

>> mr. president, has mueller cross ad red line with deutsche bank? has mueller cross ad red line. >> thank you. [shouting questions] >> i think he will do very well. we don't want a liberal democrat in alabama. we want strong borders. we want stopping crime. we want things that we represent. we certainly don't want to have a liberal democrat controlled by nancy pelosi and chuck schumer. we don't want that for alabama. thank you very much. thank you very much. neil: once again the president in that pow-wow included jeff flake sitting next to him. they have had their differences to put it mildly. he is still standing by roy moore, because it would be worse with liberal democrat taking that seat. back with ambassador bolton, very quickly, ambassador, beyond

just the jerusalem thing, he can break bread with even those, he was almost breaking legs, can he? >> well, i think that is tribute to him to get along with some of his people who used to be adversaries. that was more common commonly in washington, people celebrate the deals between ronald reagan and tip o'neal. if there is anything going back to that era i think our politics would be better going forward. neil: from the roy moore situation, stepping from the big picture view, mitt romney is just agitating here to say this is going to be an embarrassing problem for republicans if they were to rally around roy moore, he gets in there. you have the blight of his own past. >> i think both parties have plenty to worry about when it comes to sexual harrassment by incumbent politicians i think we're still at tip of the iceberg. i wouldn't signal too virtuesly

one side or the other before we hear more. neil: thank you very much, ambassador. the president said whatever difference between the senate and house, and a lot of people were stunned by the senate at last second inserting amt, alternative minimum tax, thought originally for businesses, but a lot of high-end individuals like the good ambassador were roped in this. the ambassador has not been happy. it has been ugly. they hope to remove that there but where do you get other money? something bandied about, raise corporate taxes going down to 20%. maybe another percent could provide funding for all of this. way too early. conservatives are balking. most people seem to think they will come together smiling. it could be one of those gritted teeth smiles but they could be smiling. we'll have more after this. is this a phone?

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neil: dow down 37 points right now. not a whole lot going on the corner of wall and broad but facebook launching a new messaging app for kids, get this, they could be young as six. lauren simonetti and deirdre bolton on that. deirdre, six. >> i think that is too young. i think it is outrageous. neil: six 1/2 maybe. >> exactly. six 1/2, whole different thing. neil: right, right. >> but six is too young.

cynically i think facebook doesn't want these kids to go up then use snap. facebook wants to lock them in early. you could also say apple did that by altruistically giving commuters to schools but at least kids got to use a computer. this is facebook collecting more data. i do want to underline that facebook promised in the mission statement not to use kids data to sell or upsell parents with targeting advertizinging but they will still have data of a 6-year-old? neil: do they have the dexterity? >> i have a two-year-old, that can operate my phone better than i am. >> holiday flight tickets. >> i do think a lot of them especially at six would have dexterity. you mentioned apple. what about alphabet and google and youtube? for three years they have had youtube kids. it has been controversy, trolling and like, but successful service. you get the families into the

universe, into your company earlier. neil: what is the goal here? to get the next generation or get all generations in with that? >> all. i would go with all generation. >> but there are concerns, right, what it is doing to kids brains. neil: you notice that? it is like -- >> i'm the bad mom. i think it is inevitable. i'm actually not a fan of social media. i'm curious how i police my two-year-old eventually when she is on social media. don't think i understand it. how do you police a child on snapchat? you have to understand snapchat. >> even sean parker, facebook founder, he told you this. right? let ace listen. >> you're exploiting a vulnerability in human psychology. and i just, i think that we, the inventors, creators, it is me, it is mark, it's, kevin at instagram, all these people, understood this, consciously and

we did it anyway. god only knows what it is doing to our children's brains. >> that was on axios in november but the point is with, don't know what it is doing. neil: do they care what it is doing? >> now he is seems reforce morseful. the president of pinterest, he helped develop facebook's mobile ad business, he stepped down from pinterest. he said i'm going to start working on a company that actually looks at the effect that social media has on developing brains, and that is actually -- neil: you know it does mesmerize kids of all ages. >> and adults. how many time you successfully go through twitter, whatever your chosen poison is. neil: i'm not on social media. >> he is not at all. why i like you actually. neil: okay. >> for kids under the age of eight, average time in front after screen is two hours on daily basis. >> that is a lot of screen time. neil: under eight, are you

kidding me? >> yeah. it could be tv. could be computer. >> bigging up, i don't know soil, looking for worms. >> what it does to their brains as it gets older what does it do to your security? if you're own social media and person didn't like my post instantaneously. it makes you crazy. i will play devil's advocate. mark zuckerberg and priscilla chen, have two daughters. one would hope they remember their daughters creating messaging services in social media for their children. neil: that is the end of the world. warning on this social media. it gets more social. more after this. often reveals a better path forward. at wells fargo, it's our expertise in finding this

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neil: welcome back, everybody. i neil cavuto appeared you were watching coast-to-coast here on the fox business network. it will go well, move quickly and have it all ironed out any hope something on his desk before christmas. might be an aggressive timetable, but it is possible. we are hearing there might be some bumps along the way having nothing to do with tax cuts per se, but everything to do with the next speed bump and that is a spending measure because we've all run out of money in the next day or two. adam shapiro with the latest on that. >> the deadline friday night. the president having lunch right now with republican leaders,

senators talking about all these different issues. look who's sitting there. just like right next to the president which is kind of interesting is of interesting as jeff flake is trying to get some legislation for the 800,000 young people brought here illegally by their parents to protect them and that was one of the guarantees he had to vote in favor of the tax bill. but they let you listen to what the president said about the conference committee that will emerge at the final tax cut. >> the taxes we are so thrilled about, so popular and i think something will be coming out of conference frequently as opposed to long term. i think it's going to go pretty quickly. we are solemn the same page. i've never seen before like a lot of people instead like they've never seen before. they've never seen anything like this being reporter: when i speak to people on capitol hill, nobody expected to happen before christmas. the president would be okay with

a 22% corporate tax a corporate tax rate. john quinn yesterday said why would we undermine around sh and then you've got the issue over the corporate alternative minimum tax. nobody wants to get hung up on this. the house is saying we've got to get rid of that. you will help negotiate all of these deals? we know who they will be among them. kevin brady is kind of the guy in charge, and that is also bad guy in black from the budget committee, from the democrats you'll see people like richard neil, sander levin who will be leaving congress. you brought up this er. there is a battle underway as i'm talking with you among republicans to try and convince speaker rain to pass a continuing resolution with just republicans. do not reach out to democrats because some republicans are worried if you do a continuing resolution for two weeks he would cave the write up a spending measure republicans don't want.

the speaker has not committed to doing this with republicans and and a few kind into the calculus calculus, far more democratic than the freedom caucus of the speakers trying to wail about right now. neil: thank you very much. adam shapiro. nancy pelosi looking at the tax proposal. let's just say she didn't like it. >> probably one of the worst pieces of legislation in the house, but together, worst pieces of legislation to come before the congress. this is armageddon. this is a very big deal because coming in no way, there's really a hard way to come back from this. >> she went on to say she's worried about the dead in lecturing republicans on that tape that would be like me telling you to eat a salad at home, new york republican congressman tom rate on all of this. you have problems with this for other reasons i believe the

impact on constituents being in the high tax district and state. leaving that aside, is it your sense that this amt thing that the senate through a mayor in the end is going to risk being a dealbreaker? >> no coming neocon at the end of the day we will bridge the semi-amt, alternative minimum tax within the last minute and we will at the end i'm very confident they will be stripped. neil: a lot of people are crunched the numbers with various tables and calculate you can use to see what your income assets are and how you'll be affected and a lot of people have done that in these high tax rates and they will pay more. i'm wondering if that is the big worry. >> obviously what i supported the compromise on the property tax side come in the $10,000 can

only also included in the analysis the alternative minimum tax repeal. that's why they go hand-in-hand and at the end of the day we look at compromise that is going to work for us in western europe or does not mean hiring folks in europe will look at more? that's a possibility, but the overall benefit will move and that's why in the foreword. true to what you tell your constituents come in many who will not be getting the cut they envision? the corporate tax relief and how that could help the economy and all of that? how do you spell a double standard deduction? >> i think understanding that come from western new york. 48, 42,000 hours versus different situation. neil: the estate tax? >> absolutely. having this compromise permission commenters further

room to negotiate. i'm a big fan of bringing in the income tax component on it. maybe a compromise cap, something we have to consider. moving from not just the property tax, but the income taxed. i think there is a deal to be made there. my doctor colleagues in california and illinois, the contacts is a bigger issue if he was in the property tax burden by her taxpayers in western new york. neil: congressman, thank you. good seeing you again. a wall street titan so angry at all of the studies going to move across the world. if you wanted to, you could, to italy if he wanted to. now he is weighing all of this. joe grinnell on the exodus that could have been. so worried in new jersey where we both reside, there is a concern that they are going to have to dialback the so-called millionaires tax because the millionaires might be. >> they have been living with a

.5 billion in revenues. look, a cynic would look at this bill and say it over favors corporations and the rich of it. i think if you look at the trillion five cost over 10 years, i would ask ms. pelosi where she was in debt went from a trillion to 20 trillion under the previous administration. neil: by the way, both parties under the 9 trillion spending. >> look, the big difference between the two bills, for break points versus seven, the alternative minimum tax he just talked about, frankly it's a big break for the wealthy. $700 billion. i would keep it in including the corporate amt pace for more than half of what we are talking about. the corporate radius of going from 35 down to 20. if a link to 25 inside 2025 instead of 20, that would generate 466 billion in revenues. between the two we pay for the

whole thing. >> very few pay the top rate anyway. if they got to 25, then it's a wash. >> still better than what they have in my opinion. my point being, you could then put more into the middle-class side and i don't think the wealthy need any breaks here including myself. i don't mind paying taxes. neil: you were not just wealthy. uart uber wealthy. i don't mean to make light of it. there's a difference between guys like you and those in the upper income who would similarly be roped into this stuff. >> well, i think it is part and parcel to that. i think you have to give something back including those -- neil: they come back to you and say a party something back with 40% top rate. >> 39 points, but that's okay. i agree with that, but i don't think that's an issue for the wealthy. the people i know, kenny langone

on down, they are not upset about pain. neil: you are in you are anywhere friendly. when i hear guys like you talk about it, i respect and admire your bags to riches story. he doesn't have a handy bone in his body. my point is, do you think that people are going to look at this and you're right this and you're right to say it's more dramatic on the corporate side and come to the conclusion i was expecting a bigger tax cut would hear in the wealthier middle income and you're not getting it. >> again, if i took away those two changes come in the amt in the corporate rate and put it back in the middle class. the bottom end of the issue, which is we will call the poor people, little issue. this is a fixed that problem. neil: the child tax credit for $2000, marco rubio.

>> that affects the middle-class. i think it does peter think it's a good thing. i don't like the fact the hospital takes away in a dark ability for student loan interest. i don't like that at all. neil: a lot of deductions go away and we can put all of this on a single card. do you buy that? >> no, i don't. i don't think it's going to get that simplistic. i understand that the short format h&r block is more popular than a long one. people look for taxes regardless how simple. neil: are talking to a cpa. they are always going to need my insight and is probably right. where do you see this going and the impact for republicans? >> without this legislation getting passed, i think it very detrimental to republican party in next year. getting a past i think it's very

important for this president to basically say he does have control over the party. i do think it is a supply-side deal. i'd like to see a camper today. one of the criticisms that are suing a the corporations heard more money because of lower taxation committee ratio brings the stock up, what does that do for 401(k) plans? >> jpmorgan has said a chunk of it hasn't even been factored in. >> it was the american people. neil: tax cuts halfway pressed into the market with another 50%. >> you could argue a thousand points of the passes. again, this is a supply-side and i do think it will provide stimulus. i'd like to see a little more balance for the middle-class. other than not, and this is good for corporate america and good for american citizens who are relying. neil: do you think you raised in the states with governors think twice about hiking taxes? >> what has happened here is a

soft tissue, state and local taxes. in some states it's gone too far. property taxes in new jersey are out of control. you want to blame the federal government, i don't think so. double self-imposed. neil: always good seeing you. thank you very much. he's the real mccoy. he says things that offend everyone, by the way, offending some people, and that rummy saying roy moore is the same on the grand old party. reaction from the grand old party and the grendel president who is not having a grand old fun time with it. after this. hi, i'm mindy kearns. it's great to finally meet you.

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>> i think he's going to do very well. we don't want to have a liberal democrat in alabama. we want strong borders, stopping crime, the things that we represent and we certainly don't want to have a liberal democrat that is controlled by nancy pelosi and chuck schumer. we don't want to have that for alabama. >> the president making clear he would have all the controversy and allegations notwithstanding because the liberal democrat in there. no one knows how roy moore would

vote and the difference to the republican establishment that mr. mcclellan make a short conservative thought on some of the things that would be a given. mitt romney already coming out against mr. moore as the rnc is backing him. the 2020 and pfizer a man hayward. i'm getting a sense that this could be more of a disruptive issue within the party didn't present itself now. what do you say? >> i think it is really tough, interestingly enough and i think governor romney would have made a marvelous president. i would've much preferred the one in 2012. i was one of the many who backed him. >> here's the thing, governor romney himself was the subject

of all second stations when he was a candidate, no less than harry reid, the criminal mind in the democratic party denounced governor romney on the florida senate, said he hadn't paid taxes for 10 years, which was a blatant lie. when you're a big political target, allegations can be leveled when they are not valid. the one thing we know, which i'm not a fan of his busy has been adamant in his denials about his accusations. it does mean there is room for all of last to have this play out. neil: that's obviously the stage republicans have gotten to on this to let the alabama voters decide one way or the other. in the meantime, there is dear john the part of your colleagues

the state of a double standard on this, worry more kicking out all franken, john conyers. some of our colleagues being disingenuous? >> well, perhaps. you know, i get sad every one of these accusations can i say that about democrats. >> that doesn't happen in the corporate world. someone makes a charge, they are out of here. it could be very much the same. i think as republicans, it behooves us to be very much aware of the risk on all sides in situations. i don't think we should be participating in warfare. judge moore is definitely a troubling candidate. his judicial behavior allowing

is enough to give a lot of us pause. i don't think it helps any of us for republicans to devote their energies to things like that instead of the very crucial issues moving forward that affects millions and millions of american people, and that we need tax cuts, regulatory reform. neil: i agree with that much. congress, senators and congressmen analogous. nothing happened in corporate america in the media industry, here at fox. has provided i'm not sort of cover to just move on. doesn't necessarily make it right, but it does appear to be the case. neil: now, we really are in a toxic environment. there is an awful lot as staff hanging back and forth. in the corporate world and entertainment world, politics

per se. we will have a new era to scrutiny. no question about it. a whole new we interact with each other based on what is going on now. everybody would be wise not only to behave themselves, but to be sure they are protecting themselves from being falsely accused. neil: just be a decent human being. thank you very much. good seeing you. in the middle of all of this, all the wildfires threatening even more homes, thousands of them in southern california. this just sort of blew up in everyone's face up in the last 48 hours and now many out of control. the update after this.

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to former fbi assistant director ron hosko whether this puts pressure on bob muler to make sure everything is squeaky-clean and right. i can imagine people going back to the process and whether there was a lot of bias in that process, what do you think? >> neil, it does put additional pressure on bob mueller. although if what we're hearing today is a reflection of reality, it sounds as though bob mueller detected sense of bias coming from agent struck. neil: should he be aware of this potential bias when they were putting the team together? >> not necessarily, neil, my

experience in the fbi over 30 years was by and large, you could get some sense of people's political sensibilities, but people know, particularly senior leaders, the agents know you don't ever bring that into a case discussion, a briefing, because it's irrelevant. and so you really can't necessarily read that. maybe you get that from hallway conversation during an election season, but the agents know, the whole organization knows, there's no place for it in an investigation by the fbi. it's not discussed in meetings, it's not touched on in briefings. were you to bring that into a discussion about a prosecution, you would be facing exclusion from that meeting, be taken off the case. neil: if you were that obvious about it. i think i'm going to be going to andrew napolitano shortly. he had a great line on one of our shows. he's on 50 of them, you know? the idea that smart, you know,

very successful people, they have a point of view, and the line would be drawn when they exhibit that or such a manner that it does interfere. this guy took it to the next level, texting, which didn't seem too bright. do you think this is a problem for mueller and require or at least because it certainly a number of conservatives say it's a stacked deck, et cetera, et cetera, what do you think? >> it does, at the end of the day, mueller has to explain or make clear that there was no political leanings in his organizations, no political bias. we already heard the criticisms of the attorneys on his team being principally democratic contributors over the years. at the end of the day, what bob mueller is going to have to produce and have to demonstrate is the result of the work product. and here, if you look at the mike flynn guilty plea for one

example, you know, it does i think tell us something, if you know a little bit about how prosecutions go. look, this pete struck, if we were the interviewee or interviewer of mike flynn and flynn takes a guilty plea. there are a lot of other eyes on the reports, activity involving prosecutors and defense attorneys. the truth of the matter will be known. neil: good seeing you again, thank you very much. to the aforementioned judge andrew napolitano, brilliant man. i want to touch on something tangential binot tangential, i would think the president thinks overreach subpoenaing records from deutsche bank involving potentially hundreds of millions of dollars of trump transaction loans, financeings, what do you make of this? >> a couple of observations, one i think the reports are outdated. subpoenas occurred in july. neil: interesting. >> at the time, president trump publicly was excoriating bob mueller for running a

witch-hunt. saying we're going into dube. dube is not just any bank. this was the trump organization's principal lender during the years he was doing all the great work he did in new york city and elsewhere. he will have to show, if he's going to use this in anyway, some connection between whatever is in those records and his charge. his charge is to see if any american persons helped the russians to interfere in the presidential election? what that has to do with donald trump's borrowing practices, 10, 20 years ago, as ron hosko nicely said, bob mueller's duty to tie that in. however, this is not always a good thing. the law gives prosecutors great

leeway to almost engage in fishing exbeditions once the door has been opened. the door was opened when bob mueller was appointed because jeff sessions recused himself and the d.o.j. decided there is something we have to look at and the attorney general might be a witness. once that door was opened. the subpoenas can go anywhere. neil: it can wander out of control, the monica lewinsky thing with bill clinton, is it fair game? into anything and everything along the way? >> back when we had a statute and the constitutionality was challenged. justice scalia wrote a brilliant dissent, the dissent, not the law. creature that nobody can control who can go after whoever he wants, this is not law enforcement in america, but justice scalia lost that argument and for better or worse, we are saddled with bob mueller. i'm going to give you a number

that came out a few minutes ago. what has he spent since his appointment eight months ago. 7 1/2 million dollars. i don't think they scratched the surface, neil, if they're just going after financial roufrsd donald trump and the trump organization now. neil: on the deutch thing, a worldwide lender to the money center bank across the world, based in germany. does a lot of business with russia. natural saying why that? is there a tie there? is it fair to the president saying all right, well, he boosted customers and clients that might have bought some of his real estate or condos or -- that's seemingly forcing an issue. >> the way you describe it. the president's behavior, before he was president, when he was a developer, when he made money for his shareholders by building and selling five star properties.

neil: bought by chinese and investors in this city? >> that is all perfectly lawful. neil: but under this guise now, it's a different story. >> i wish deutsche bank would hire the best lawyers in new york city to challenge the subpoena in court. that would force bob mueller to cough up what he's look for. neil: they are giving him that. >> they are turning everything over, there is a special relationship between special counsel and deutsche bank, maybe he has their feet over the fire for something, i don't know, apparently there is no resistance to turning this over. in real world, there would be resistance. in the real world, except the political prosecutions that we see today are.

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. neil: can you believe this? ups is looking at potential delivery delays because they've just been overwhelmed by online orders, reminds you of the scene in rudolph the red-nosed reindeer where santa says i'm sorry christmas has to be canceled. i'd do a dead-on impression but didn't want to bother you with that. ups has a lot of traffic, you

might get gifts late, you might have to deal, didn't say you have to deal, just it's going to be a little while. isn't that amazing? earliest sign yet we have a busy holiday shopping season. busy time for pets and pet insurance, jeff flock? i can't believe this. jeff is surrounded by dogs in chicago. where are we going here, jeff? >> yes, i am, yes, i am. it's quite a day i'm having here. pet insurance, we found this, it has taken off in popularity as dogs become more popular. this is the pups pet club, that is my dog, very unfriendly at the moment, bad girl, pups pet club which people spend a lot of money on day care. rob jackson founded healthy paws pet insurance, this is like obamacare for dogs. >> not quite, but those people. reporter: no individual mandate. >> no individual mandate, but people that do consider their pets as family members are

definitely making sure that they've got protection. reporter: $16 billion a year we spend on veterinary services and some of these dogs get sick in a way that costs a lot of money and you don't realize it until you get hit with that bill. >> yep, sitting in the emergency room and looking at 5,000 to $10,000 on it, so it's important to make sure that you're protected for the unexpected. >> and aon owns healthy paw pet insurance which rob founded, and first of all, what's it cover? just like regular insurance, right? >> it's protection, so it's accidents and illnesses, it's the unexpected. what you buy insurance for, so it could be anything from a bee sting up to cancer. reporter: checkbook.org says for most people it doesn't make financial sense, what do you say to that? >> well, i think it depends who

you are and whether your pet is considered part of the family. if it is, you'd make sure two legged and four-legged members are protected. families make the choice of protecting their pet us. >> are shaming me into this. >> especially since she almost bit somebody over here, i don't know where she went. my dog is normally very sweet, today, not so sure about it. neil: i noticed the chihuahua or something, when you said we're not going to cover you, spot, alarmed eyes. jeff, thank you, very, very much. if it matters to you, america, it matters to jeff. leave it at that. okay. we've got a lot going on here, not only for pet insurance and all of that, must be a sign when people have a little extra money, they're getting it via the market and entering december, which, of course, is one of the best months for stocks. but you know what?

we're not out of woods yet, you got the deal accomplished by and large on taxes, not a done deal but a spending problem coming up and a budget potential shutdown issue coming up. we have a market watch or all that. december is supposed to be one of the easier money months. what do you think? >> that's right, december is not a month to be worried about, there is usually no catalyst for decline. you can pull out a month here or month there in history, especially 2007, but by and large, it's hard to get the selling snowball going. regarding the shutdown, i'm not concerned. listen, we could see a 1 or 2% pullback which would feel like this ginormous decline. neil: the worries from the tax thing to spending the budget thing but again i see this pop

up with this scramble on a budget, whether it's democrats or republicans in control, how do you see this playing out? >> i think you mentioned 30 seconds ago, we have a spending problem, a revenue problem. the democrats are not going to get behind the budget. i think we all know. that the republicans have -- we said this for a year and a little bit. republicans got to get their act together between the tax reform and 700+ regulations being rescinded and the potential for groundbreaking infrastructure plan coming up, there's a lot of good things beneath the surface. economy is growing at three handle now. should be growing at a quarter, half next year, so much beneath the surface. you have animal spirits unleashed, there's so many good things. democrats are going to obstruct, i get it. the republicans felt the same way after obamacare. neil: that's right, that's

right. >> shoe's on the other foot. things are pretty good. neil: jpmorgan put out a report today, i'm sure you are familiar with it, saying tax cuts are only halfway priced into the stock market. so far from fully priced into the market. so that would mean we would presumably have another 50% to go. i don't know the timetable they're using here, the market at these levels is under value. do you agree? >> i'm not sure i agree with that only 50% priced in. let's say they're fully priced in. still, the market is -- valuation is not a good timing tool, it's always way early by several years. so i think i throw that out the window. market is not cheap. i think it's reasonably expensive if that's a phrase. neil: i gotcha. >> but the markets got more left into the upside. still the most hated, disavowed bull market in history. some people are hopping on board, but you have so many

people. a client had all this cash, refusing to put it in because high thinks washington is so dysfunctional. if you separate it from reality, things are okay, liquidity is still. there the fed's making a mistake in my view and tip introduce recession in the end of 18 or 19, but for now, we could still see maybe upper 20,000s, maybe 30,000 before all said is and done. neil: 24% climb, not undoable. paul, thank you very much. >> thanks for having me. neil: word from the russians, russia's olympic committee from the winter olympics in north korea next year after the prolonged doping scandal. some athletes will be able to compete, under the banner of olympic athlete of russia. from the international olympic committee. no response from the russians,

whether they will appeal on their part, but if they're not part of the olympics, big medal winners themselves, that is a chasm in the country's participating in the medal count could change dramatically as a result. we'll have more after this. building a website in under an hour is easy with gocentral...

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wildfires out west in northern los angeles, thousands have fled their homes, hillary vaughn has the latest from ventura. hillary? reporter: neil, governor jerry brown declaring a state of emergency in ventura county as fires rip through neighborhoods at terrorizing speed. behind me used to be a psychiatric hospital now you can see burned to the ground. a lot of the flames are still burning, the big culprit is the santa ana winds, as the winds whip up the flames, firefighters are having a hard time getting a handle on the situation. at least 150 buildings have been burned to the ground. there are two different fires that fire crews are battling. the thomas fire and the creek fire week got update from l.a. county officials that say santa ana winds are making it impossible to fight the fire from the air with the firefighting aircraft, so now those are now grounded because they aren't able to conduct that sea. but the big problem here is getting containment on a lot of

these flames to prevent some of this from happening. right now over 27,000 acres have been burned, but a lot more has been -- the fires have been growing overnight because of the flames and the winds combined, neil, it was burning at least an acre per second to. put that in perspective, like burning central park within 15 minutes. conditions the fire crews are battling are intense, the conditions are as bad as they can be, and right now, mother nature is calling the shots on ground here. until the winds die down and we get some humidity from an inversion layer, the situation is not going to improve, so we're hoping that by friday, the winds can die down and firefighters can finally get a handle on the fires on the ground, neil? neil: all right, thank you very, very much hillary vaughn. supreme court as you heard yesterday is allowing that travel ban of the president's to remain in effect while

appeals are heard. but the bottom line here is it does seem to be interpreted as a clear victory for the president for the time being where five countries, muslim majority countries would be targeted for those coming here or going there. to former national security staffer gillian turner on all of that. now joined fox as well. good to have you and congratulations. >> thanks, neil, thanks for having me. neil: let me ask you this, what did you make of it? what did the supreme court effectively say here? >> you're right to point out this is, you know, undeniably a victory for the president, that is because the supreme court essentially said they're going to allow his policy of a travel ban to remain in place in full as it's being litigated. he can keep all of the elements of the ban in place until such a future time they decide they are unlawful or lawful. the key here, though, is that

keep in mind this is the third iteration of this policy and the administration took great care to tailor it to avoid the legal pitfalls or resistance from the courts that the first two versions were met with. neil: you are dragged through the lower courts saying this is racist or not fair or targets a group, the supreme court also seems to be saying, yeah, but they can have at it, or legally settle it, that's what confused me. >> well, so the criticism from the get-go of this ban has been that it was anti-muslim. and this goes back to the first and the second versions which were released in which we had every single country on the ban was a majority muslim country. in this case, that has sort of -- the criticism has less legs because we're looking at eight countries, six of which are muslim majority, two are not, venezuela and north korea, so

the case for that criticism has really waned since the initial days. that's what the supreme court in this instance is reflecting. neil: you know, i would be remiss if the latest russia ban from the winter olympics effectively next year, what did you make of that? >> i make of it, not only a victory for the united states but the international community as a whole because essentially what the decision says is russia, vladimir putin, you are no longer to participate in a forum which you don't play by the rules. we're not making exceptions based on political or financial considerations. the ground rules are the same for everyone. we're leveling the playing field. i think it's a good decision. neil: all right, we'll watch very closely. still no reaction from the russians themselves. now i'm happy to say much more important to us an fnc contributor, she has arrived,

her life is complete as is ours. neil: the president making news earlier on calling on a number of mideast leaders to let them know, remember the talk of moving our embassy from tel aviv to jerusalem? i'm planning on doing it. he's giving them a heads-up on this, and some are receiving it quietly, some are slamming down the phone, i suspect. it's not going over well, in parts of the middle east. you're probably not surprised. we'll have more after this. 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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neil: all right. the olympics will go on next winter in south korea but apparently without the russians. we're learning now that it is fish, the international olympic committee has disinvited the russians from participating and this comes at a time when they are already loggerheads. with the ioc. claiming of drugging, doping in prior olympics. take them out of the picture. they are big medal winners. in the 2014 social think olympics, scored the most medals, 233, the most gold medals -- 33. u.s. finished second with 28. with russians out of picture who are the beneficiaries. at a time there is growing pressure what is happening in the north of south korea right now and growing fears a lot of countries have, forget whether the ioc allows them to come or not, whether they are allowed to

come between escalating tension between rest of the countries and the rest of the world. no statement from vladmir putin but as far as participating in the winter olympics from the ioc, a one-word response, nyet. you get it? nyet i'm trying. trish regan. trish: i love you speaking russian. white house tries to deliver the tax bills and what president trump is calling the biggest tax cut in u.s. history. i am trish regan, welcome to "the intelligence report." i said it many times on this show, republican tax bill, not perfect, neither one of them are perfect. and they need some fine-tuning, but, here we are headed in the right direction. lower corporate taxes that is a good thing. people like nancy pelosi of course and larry summers blasting the bill, this will be end of the world. i heard that one before, right? watch. >>