we had been up over 200. we are moving up a little bit more. 24,838. that's where we stand. neil, it's yours. neil: all right, stuart, thank you very much. we will continue update the story the one in the morning concerning the amtrak derailment. more than 30 miles south of seattle, washington, d.c., along the i-5 corridor, that's near i-5, one of the busier freeways in that area, about 60,000 commuters that was use. we do have fatalities on the high-speed accident and one car dangling over the bridge. a number of fatalities on the train itself. we will keep you posted. this happened more than an hour ago, 8:00 a.m. local time and we don't know the speed the train

was going at but we do know that it can go in excess of 120-miles an hour. whether it happen at the top speed or nothing, everything in the region grant to a halt. we will keep you posted. keeping you posted on a dow that continues raising ahead. clearly looking at 17th record of the year. last time we saw that was back in 1995 and the last time we saw something like this where we had 5,000 points gain in the dow, well, we have never seen anything like that. a lot of this propels by talks that the house of representatives is going to move very, very quickly at the end of the senate and president's desk, is that doable in rapid time frame, let's ask, chad. chad, what are they looking to do? >> later today there's going to be a meeting of house of representatives where they hear one last time kind of what they need to know about the bill, they don't think this is going to be a problem at the house of

representatives and then they go to what is called the rules committee, parameters of debate, how much debate time and if any amendments will be in order. that won't be the case, this will be a standard, one-hour rule. we are told that they will put that rule, you to approve the rule on the floor first, that will do that tomorrow morning, approve that and midday they will start debate on tax bill and approve that in early afternoon, maybe 1:30, 1:45. then it goes to the senate, takes a little bit a time to take it across capitol hill and expected to have the votes there even if john mccain is not there and even if thad chcren. what remains are the unknowns, jeff flake of arizona, mike lee of utah, susan colins of maine, we don't think we will get information on at least two of those three today on how they will even vote but republican sources tell me they should be

in good shape tomorrow. consider the fact that even if mccain is not there and they get one no from one of those three senators, they probably still pass the bill 50-49. let's say senator cohcren is absent, 49-49, vice president mike pence can break the tie. they are confident passing late afternoon and evening tomorrow in the united states senate. neil: any worries right now that they could get a surprise, you never know. we all know times at which a senator intervenes out of no, where hey, i have a reservation like rubio last week? >> he said, nothing is final until you take the final vote. and he's absolutely right. that's why people are looking at susan colins, mike lee and jeff flake, you might remember that when they moved the bill through the senate a couple of weeks ago, we didn't know their

positions until the late afternoon. they voted about 2:00 o'clock in the morning. this was friday leading to saturday two weeks ago and the one surprise that we have had and this is why they are expressing confidence is senator bob corker signaled that he would be a yes and he did that on friday. that surprised a lot of people because he was the only republican no last time. he said he wouldn't vote yes if it added even a single penny to the debt and this bill according to all analysts here, telephone congressional analysts say that it will add $1.5 trillion in deficit spending, neil. neil: there was talk that he was satisfied at ancillary real estate. what's the skin on that? >> trying to find out more information on the provision, the pass throughs an how it would benefit the wealthy people like bob corker.

orin hatch republican from uth, this wasn't that was air-dropped into the bill. they use that term, air drop, didn't appear in the house version or senate version. this is a version of what was in the house bill according to senator hatch and bob corker was not part of the negotiation to be clear. we haven't gotten any indication that this could switch his vote but, again, senator when i spoke with him friday, nothing is final until you take the final vote. neil: back to this train derailment outside of tacoma, washington. connell mcshane, what are you hearing? >> live shot from local television, dupont, washington, look at it hanging off the overpass on to the freeway below. a couple of things here, this happened, this derailment just to the south of seattle about 45 miles south of seattle. little over an hour ago. you see the local time posted

there at 9:05 just before 8:00 o'clock, morning rush in the pacific northwest with the train with 70 people on board derailed. now, there are to quote the local authorities injuries and casualties associated with this derailment. we are just not sure how many. as the camera zooms in, the cars on the road certainly would have been affected by this and there were injuries were told on that road, the busy i-5 but no carp casualties on the road, we are not sure the same can be said for the passengers on the train. part of cascade service. amtrak cascade service in the pacific northwest, high speed rail line and just today they added two now round trips between portland and seattle that were beginning today. report that is this train was one of those on its inaugural trip. we don't know what, if anything, that has to do with the cause of this. you can see emergency workers have set up tents there so

people can be attended to and that's what's going on in dupont, washington, as the pictures come into us. amtrak derailment right in the morning rush in the pacific northwest just before 8:00 a.m. local time. 70 people on board. we know of injuries and we know of casualties as they phrased it but we don't know at this point how many. neil: i'm curious connell, the railcar, are there still passengers trapped in that? >> don't know. amtrak statement that came out from amtrak itself just said that it was aware of an incident on amtrak 501. that's the train, 501 and emergency services are on the scene and amtrak itself was responding and they confirmed that there were some injuries, 70 people were said to be on board the train overall. as to the evacuation, i just don't know at this point. they are an hour into it and

hopefully they have gotten everybody off the train. neil: all of this going on more than an hour and ten minutes ago when the high-speed train derailed not too far from tacoma, washington. the bridge, you can see the car that had flipped over this bridge. we don't know if there are passengers in that. we do know that everything is stopped here as a result. no pay it willties or injuries on the highway, i-5, busy in the region. one of the busiests, we do know that there are reports of fatalities in the train itself. we will monitor closely. in the meantime, monooring what's happening at corner of broad. we have never seen in history for either. all of this seemingly propelled by taxes sooner rather than later. bush 43, responsible fed rate

and heather, what is going on here? how much is tax driven? >> a lot is tax cut driven, neil, the economy is doing very well, all eyes are on the gdp report coming this thursday. we have had, this will be the third consecutive gross of over 3%, so the economy is doing very well in the backseat of the deregulation, deregulatory environment and hopes for this tax plan to get past as early as tomorrow, neil. neil: you know, mark, different numbers you're giving as to whether tax cuts are paid for or not, i find that obsession out of place considering the fact that along with the cost of the tax cuts, if you want to cost them out, we had another 9 to $10 trillion on conditional debt on spending grown under republicans an democrats. what do you think about that? >> we have a structural

disconnect between the amount we are spending particularly on social security, medicaid, medicare and the amount in revenue, one of the big problems of the tax bill it make it is gap worse, makes it larger. neil: this doesn't help matters any. ned, those who have been pushing tax cut advance, the growth from tax cuts alone would at least take care of the cost of tax cuts, they can't necessarily wipe out the other 9 to $10 trillion in added spending that will add to the debt in that period of time, but what do you make of that argument? >> no, neil, has no basis. >> i would actually argue that that it will pay for itself in many ways. part of the problem that i have with this bill, neil, we can't have really truly have tax reform unless we have entitlement reform as the previous guest just mentioned. we have to have the conversation sooner rather than later. neil: but they never do have the conversation. >> they are afraid of what it actually means when it comes to

preservation in office. but i will say this, neil, the thing that frustrates me about this bill and i will caution republicans to be careful on this, don't oversell that this is a middle-class tax cut because when they are saying a family making 73,000 a year, is going to get $200 back, that's $40 a week. they gave a 21% permanent rate to corporations and temporary essentially 29.6 rate to small business pass through. the greater impact from the middle class comes from smaller business guys, if they have more money, say they put it at 25%, i think you would have had greater impact on middle class being hired and increased in wages. that's something that has to be addressed moving forward. neil: not addressed now. the impact this will have from various viewpoints and one is as i said on this show, it's all about the net, what you see in your paycheck presumably next, you know, february when we get

it, do you, heather, think that it would be substantial enough that -- that people will change their spending habits, maybe what we are seeing now in terms of holiday-related sales as company example of that? what do you think? >> retail sales are doing very well, 5.8%, last week the data came in. neil: what's driving that? >> i think the markets being up as much as they are have to do with it in terms that own stocks, i know the pushback, well, not everybody owns stocks, i get that, hopefully over the long run, at least if not in the short-term that all this money that corporations are receiving from repatriation or lower effective tax rate will go into hiring workers and increasing wages. it won't be right away. neil: it won't be right away, that's what worries some folks.

>> in the near term it'll go back to buybacks. my concern is the long-term when we have extra 2 trillion-dollar plus of debt to this whole thing and that will start to depress wages and turn around any gains we get from the lower corporate rate. neil: what about the 8, $9 trillion that we are accumulating the conventional way that no one talks about? >> funny how that works, neil, if you had medicare, medicaid, social security, throw in debt payments, interest on our debt, you're getting close to 70% of federal government spending before you can get to defense spending. this is unsustainable that if we continue down this path without real entitlement reform, we can't have true tax reform. when we talk about giving $2,000 back to a family making back 73,000, you are giving them their own money back. we need to start giving money back into their pockets right now. we've had this conversation.

there has to be a noticeable net increase in people's paychecks for them to notice. >> so why don't you think that we got that push more? why didn't we get that? it make nos sense. we haven't had tax reform since 1986 and this is what we can come up with? we meaning republicans have the house and senate and we can't do a little better? neil: i wish we had more time, guys, it is what it is for the time being. we will have to watch close tomorrow. it could be a rapid moot tomorrow. thank you, guys, thank you very much. i apologize for all the breaking news. we are keeping on top of that plane -- i'm sorry, train derailment in washington state. not too far from tacoma, washington. we do know of a number of fatalities and injuries. we don't know how many. we know the train was traveling very fast, probably in excess of

120 miles an hour, allowed to go up to that. there is a derailment and car over the bridge and we are getting local reports that there are passengers in that car. more after this cannot live without it.

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officials on the scene on what appears to be a pretty severe train derailment near tacoma, washington. seattle times reporting at least three dead, at least a dozen injured. let's listen in. >> they are still working on that. what caused it to derail, what we do know that south i-5 completely closed. >> the train derailed 7:40 this morning. was there any traffic? >> we don't know anything when it comes to rails yet, what's going on, yeah. this is -- what you're seeing is what it is and on the other side of that bridge, there's 3 or 4 more cars that are upside down on the road and in the woods. >> there are some people who have been able to walk off the train. >> they are being cared for and transportation is coming to take care of them. >> that's where they are in those tent that is we are seeing behind us? can you talk about what we are

seeing behind us, where people are being treated? >> we train for this all of the time. we have air force bases and train tracks and so this is a multiple agency response, very coordinated response between multiple fire departments, jblm, pierce county and they are all working in a preplanned operation which is to get the survivors out, get the injured to the hospital and obviously if fatal, they will have to deal with those later. >> as a point of clarification, i may have missed it, any idea, when you say multiple fatalities, does that mean dozens or -- >> we are just told there are multiple fatalities, what that means -- i don't know, we are not confirming anything until somebody does it. >> do you know how many cars are involved in the train? hang on a second. what. >> that was ed troye with the pierce county -- neil: we are getting more details that there were a number of fatalities, a number of

sources in the area including seattle times confirming at least three dead, multiple injuries, apparently this was the debut of a new faster, speedier express service, the number 501 making inaugural run leaving seattle for portland about 6:00 a.m. local time. little bit than an hour and 40 minutes later the train detailed. we don't know at what speed it was going but running down, again from the seattle times a new bypass that was created to avoid slow curbs in single-track tunnels near point defiance, derailed. again, they beefed up the number of train, a popular way to commute between seattle and portland. 70 people early this morning were on board this train. as you could see, a number of cars, at least two, one pully

derailed off this braij. we are told spatially from the seattle times that there are a number of passengers still on that one car that is dangling off the bridge. we know -- we don't know status or condition. worst derailment in about 40 years. we are keeping on top of it as well as connell mcshane. >> first run for train 501, amtrak 501 on this particular route, seattle to portland and chris was one of the passengers on board and spoke to channel 7, local news outlets and adding color, many passengers were forced to kick out the windows, forced to kick out the train windows in order to escape from their cars because the emergency doors weren't functioning properly following the derailment. so for sometime at least and, you know, we are not sure what the realtime update on that, it

took people a long time to get off the train even after the derailment occurred and had to take it upon themselves to kick out the windows, federal railroad administration has tweeted out in the last few minutes, it has investigators on its way, the local authorities say the cause will be up to determine what happened, but, you know, it's early in the process of this, but with the train making inaugural run, coming down a bypass that was create today -- created to avoid and that will be looked at, they hadn't maybe run like this as often and there were different measures put in place. very early, we have no idea what if anything that has to do with this -- with this terrible accident, but to the injuries and casualties as we know from covering anything like this in the past, you know the numbers will change but multiple outlets now reporting at least three dead. we will stay on top of it.

neil: all right, connell, thank you very much, as you're speaking, ap, local sources here are confirming as well that at least two cars struck vehicles and multiple injuries on the road have been reported, though no deaths, we don't know the severity of the injuries, contrary to early reports, a number of people on the road were affected by this and injured by this, we just don't know how many. we do know as well that the speed up in this service, i don't mean that numbers of the speed of the train, but going from one to three was part of an effort to alleviate traffic on the roads, i-5 specially during rush hour is a busy artery for passengers going from portland, seattle and other locals. now we are dealing with this. little more after this.

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neil: all right, we are still continue to go follow the train derailment near tacoma,

washington. three confirmed dead from the state department as well, a number of injuries on the road itself, i-5, busy artery in the neck of the woods who were injured when one or several of the cars fell on it. at least one car did. we will keep you posted on that. in the meantime, political, i'm not talking about the tax cut, i'm talking about the president that robert mueller as things should stand now should not be fired but bias is a concerned to a lot of the supporters including the president himself, former assistant director of the fbi, chris. chris, their argument is that time and again reminded of the fact that those who were part of the investigation early on did have an agenda, didn't seem to like the president and even in the case when one was gone, rumors persisted that there were others like him there.

what do you think? >> i say in a nutshell that former director mueller is not biased but clearly no reasonable person could conclude otherwise than the scrok and lead investigator were biased and that's pretty clear. neil: he got rid of them. as soon as he became aware of these were told, as soon as he became aware of the texts in particular that have become so famous now, he said, you're out of here. others are more cynical saying he had to be aware, but what do you think? >> well, i understand that. here is the scenario, mueller is out of the fbi. he serves 12 years as director. not a hint, i served directly under him, not a hint of bias in any type of investigation. we prosecuted republican congressmen cunningham and democrat jefferson, he had the blinders on every step of the way. i never once heard him discuss

politics or allow it to be discontinued or personal biases. he's out four years. comey takes over and build his own executive management team. when mueller becomes special counsel he inherits the investigative team, builds his own legal team which is different, those are the attorneys that he brings in. i know for a fact that he doesn't get close to investigators, he does not socialize with them, he doesn't delve into the personal beliefs and that sort of thing. he's much closer to attorneys. i don't believe mueller who is a former marine, mission focused is any way biased. when he learned about the egregious bad judgment and bias that he got rid of them and put them on rubber gun squad. neil: that's the chain of events

was getting you a lot of the info and reports early on and you find out that that might be tainted. do you start to wonder about other investigators you have? what do you think he did after firing him? >> well, i'm sure he looked into -- he looked into the entire investigative team and explored whether there was anything similar going on and the inspector general probably got their hands on all of the texts and e-mails of the entire investigative team and this is what they found. looking back, clearly scrok when he was conducting and leading the investigation, he had his thumb on the scale. neil: right. >> you could tell that based on all the facts and circumstances that we know now, clearly that was an investigation, no grand jury, sweetheart deals, decisions made before key witnesses were interviewed, you could go on and on about that and i might say the foundation

investigation is probably the same way. no grand jury, you look at manafort and how that investigation was handled, grand jury, search warrants, you know, that's aggressive but fair investigation. not -- not happening under the hillary clinton investigation. neil: chris, very good seeing you. breaking news with so much going on, chris, former assistant director over at the fbi. thank you. >> thank you. neil: all right, 90 minutes away from the president making what is deemed to be a very important national security speech in which we are told he will have some very tough language particularly for china, russia, former national security adviser to vice president dick cheney, john hana. we are told that the president is going call china a strategic competitor that pursues policies of economic aggression aimed at weakening the united states. what do you think of that? >> well, i think it's an absolutely essential message, both in the case of russia and

china that this president identifies them mostly as strategic competitors, not strategic partners. these are hostile, revisionist states that really wake up every day thinking about how do they undermine and weaken american power and american interests and for the president to communicate in very unambiguous language, not only to the american people but to the world is a critical part of conducting a coherent national security policy. neil: how would that policy be deemed? he's putting it out there that it will be an america first national security strategy. now already the chinese press have interpreted his approach as reckless, even irrational. we haven't gotten any word yet but that would be a predictable response. >> it's going to take a nano second for the chinese to complain about america calling them out for both strategic aggression in northeast asia

against us in the south places like the south china sea and particularly in the economic domian where they're not only stealing intellectual property but manipulating the trading system against us. so i think the president is going to identify core principles from ensuring dominance across all battle spaces, ensuring economic spro sperty through things like technological dominance, encouraging innovation and fair trade and protecting intellectual property and he's also going to be talking in very broad terms about what we need to do to harden homeland against terrorism, against ballistic missile threats, against attacks, cyber-attacks, against our critical infrastructure and ensuring that our alliances are strong and reformed in a way where we've got real partners who are willing not only to be part of an american led alliance

but actually step up and do their fair share. neil: do you think he should or would pull his punches in china because we so need china to deal with north korea or says this is a separate issue? the two might be joined to the hip in some other areas but i don't care. >> i think he has to thread the needle by saying, look, the states are real peer competitors of the united states who we are working against and cross purposes with in all kinds of areas around the world but also because we are all two or three of the greatest nuclear powers on the face of the earth, we have got to find areas where we can manage the competition and in places where interests do happen to overlap, discreet places such as with the north korea weapon's program and avoiding a nuclear war in the korean peninsula and we have to find way to work with chinese and russians despite our

differences. neil: all right, john, thank you, good seeing you again. >> thank you, neil. neil: update of derailment, at least 7 people have been transported to the hospital since they were 70 on the plane. obviously some of these injuries involve people that might have been on the ground, maybe i-5, maybe directly affected by a car or we were told up two railcar that is felt on the highway. we were told no fatalities on the road but we are calculating a number of injuries, we just don't know severity, we did hear from the transportation officials that there were three deaths and likely more. we will keep you posted, more after this.

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>> breaking news on cavuto coast to coast. connell mcshane with the latest on the amtrak train derailment in washington state this morning. we've just heard from amtrak,

authorities have told us moments ago that there are a number of fatalities associated with this early-morning train derailment. amtrak now saying that it appears as if there were 83 people on board this train in total. they say approximately 78 passengers were on board. five crew members as well, total of 83. local hospital officials have told us that 77 people that they know of have been transported to local hospitals, that number is likely to include some people on the road below where this train derailed. you see one of the cars hanging off the overpass on i-5 in washington state, and some of the cars below no doubt were affected by this. we know that there were some injuries on the road although local officials have told us there were no fatalities on the road. any fatalities that did come about as a result of derailment, report of three, they would have been on the train itself. with quick background on this.

the pierce county sheriff said that in addition to that car you see hanging off, the overpass and on to the road, three or more cars they say upside down in the woods, that's from the pierce county sheriff's department just a short time ago on amtrak 501. this train, a new route for the train, cascade service, high-speed service between seattle and portland. left at 6:00 o'clock this morning from seattle and this was its inaugural run. new bypass they created to provide faster service, reduce the time by ten minutes to a total trip of 3 hours and 20 minutes but this was the inaugural run and obviously something went terribly wrong. neil: team to investigate the derailment. they get on the scene usually

within minutes, sometimes no more than hours after an incident whether on the air or ground, of course, on the ground, derailment. major derailment near tacoma, washington. we will keep you posted. keeping you posted on breaking record to have dow. it will break a record this year and one that goes back to 1995. better than 5,000 points headed to the dow this year. something we have never seen at all in any year, making money charles payne with all of that and what he makes of it and whether this is tax cuts go go. charles: what we have seen is the economy has come to life. just a few moments ago home builder confidence at the highest levels since 1999 driven by traffic, potential buyer traffic at its highest level in almost 20 years, so we have seen an economy where there was a lot of excitement after the election

and wall street calls that soft data, now is starting to reflect hard data, businesses investing more, that kind of stuff. legitimate, it's real and it's going momentum. neil: smart guys like you always remind me of market lure, you buy on the rumor you sell on the fact. once the tax cuts happen, then what happens? >> there could be selling on the news. i will caution against someone trying to play that game, that's not what you normally do and go with bottom line. the bottom line is underpinnings of the rally and they are getting better and better. i would focus on that more so than all of the excitement and how far we've come. naturally you're going to be anxious. how many people miss it because it can't go further so they sold in january, oh, boy, and it's natural because we've been through a lot of crashes in a

very short period of time and the anxiety continues to linger. neil: we go back to '95, distinctly that was just the rage of the internet coming upon us and the notion that it was getting in the highs and couldn't keep going, went on for five years. charles: he actually predicted the market top, he was just five years too early. [laughter] neil: right. charles: don't try to guess where the top is, look beneath the numbers. forget about where the dow closed or the news, home builder confidence going crazy through the roof, that's another sign of consumer confidence. neil: yeah, builders are saying within that report, another year of double-digit growth and they usually hold their beds back because if they are optimistic they actually have to build stuff and they are doing this in anticipation of that continuing. that's a big sign of confidence.

charles: in -- an industry that was terribly with managing and guessing on demand and made a mess of it all. neil: you have to wonder in high-taxed states where they will be optimistic because you won't be able to write off as much. >> that's true, in california average houses is 540,000. they have room there. extraordinarily rich pockets in the blue state that is i think that can see a little bit of a hit. neil: charles, thank you very much. charles payne. is facebook bad for you or you bad because you were lie today on facebook. psychological determination that says it's not technology that's killing us, it's us killing us after this. ♪ the moment a fish is pulled out from the water, it's a race against time. and keeping it in the right conditions is the best way to get that fish to your plate safely.

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neil: espn john skipper is resigning citing a substance addiction problem. we will keep you posted on any further developments there. there have been just wholesale changes and executive suits and media industry, everything having to do more with just abuse period of women and elsewhere, but, again, this has nothing to do with that. substance-related abuse problem now has the head of the espn

leaving. facebook admitting that social media could be bad for you, but so far not saying that social media is the problem, maybe you are. the psychotherapist, i think that's what they are saying. >> yeah. neil: it's not the pathology, it's people that are nuts and obsessed to it. >> technology sucks you in, it plays to seratonin in the brain and plays on the social validation feedback, so for some people, some people are going to be more vulnerable than others and anything can create an addiction. so you just have to be aware of that. neil: using it a great deal, anything dangerous using facebook a lot? a lot of people use that as means to keep up with friends, people they knew, family members, the sole means by which they communicate? >> you to ask yourself the question, is it interfering with your life, is it interfering with your mood, is it making your more depressed, is it

making you hate your friends because -- [laughter] neil: i don't want to be reminded. i don't need that. >> the problem with facebook is that there aren't any boundaries. so sometimes it's too much information and that's not good for an individual. you have to know yourself and use it in a way that's positive and i think that the answer and the key is be aware of who you are and be aware of how you use anything and if you notice that it's not good for you, pull away, if you notice it's having -- >> apparently a lot of people cannot -- >> we use to attribute that to kids. apparently it's not that. >> it can be anyone. you have to remember, it's designed that way, the play on the seratonin, if you're feeling good about getting feedback and posting something no your life that can be addictive. if you feel you're in that category, then talk to somebody who can help you through it.

they now have centers that deal with technology and addiction. neil: a lot of them don't like bad things said about them. ly sometimes read about me. it affects my appetite. >> yeah, if you are in that category, then, you know -- neil: don't read it. >> understand that that's part of the playing field that you will get positive feedback and you will get negative feedback. neil: what do you recommend to your clients, people that come to see you, this is driving me nuts, people are saying nasty things about me, i have very few friends compared to this guy who has more friends, we will judge ourselves by how many thumbs up and friends we have? >> i will recommend defriending certain people and in some cases block certain people. i will also recommend to people that they consider every post

almost like a pr strategy, people are not posting negative things about their life, they are posting the things they want you to know about them. so when you are looking at anybody's post, that needs to be considered. you're not seeing the whole person's life. neil: you're getting the norm view -- >> it's not a lie. people are posting an idealized version of who they want to be and how they want to be perceived and so that just needs to be taken into consideration when you're looking at anybody's posts. neil: so what if what you're seeing is pretty pathetic and the best they can do? >> well, you can sit back and feel superior and say, gee, my life is pretty good. neil: bottom line, we get too much into this, we should slow down? >> i think it's really important to take a break because what's happening is when it comes to our real-life relationships, people can feel ignored or overlooked. so if you're looking at your file when you're in the presence

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connell: there's breaking news on cavuto coast to coast. live pictures coming out of washington state. i'm connell mcshane has recovered the amtrak train derailment that took place south of seattle this morning. when the train derailed, which we believe approximately 83 people onboard come at least one of the cars you can seize billy 92 a busy interstate. i fired below where the car was. authorities now reporting to us that they have multiple fatalities. multiple people dead in the state of washington this morning. local authorities wrapped up moments ago. in other news briefing the state police who told us a new development from the last time

we spoke at the local authorities are waiting for amtrak officials to arrive on the scene. they have officials on the scene as well. they asked authorities about the new trackback this amtrak cascades train was traveling down 14 miles of new track. it is not clear they say whether or not the derailment took place along those of new track had anything to do with this high-speed train 501 was on its and a girl trip at 6:00 this morning on its way to portland and isaiah come and a busy corridor will remain closed. we believe for the rest of the day. to recap your train derailment in the state of washington, 40 miles south of seattle approximately 7:40 local time this morning 1040 eastern, 740

local time. multiple totality is, the number of injuries as well. further updates from the authorities. trading to thank you, connell. secretary of the united states reload on the phone. secretary, thank you for taking the time. what you make of this? >> first of all, all of us need to keep in our thoughts and prayers does families and those who have lost their lives. what i make of it is that some of the most expert people in america including the ntsb comment u.s. department of multinational rail authority will be on the scene trying to figure out what happened. one of the things all of us would be pleased about is our organizations like the ntsb would take the lead on this has very professional people with

the national rail with very professional people after the bottom of this and trying to figure out how this happened, why it happened. it seems very peculiar based on some of the earliest tories coming now. the higher speed before any of us can speculate is a little bit too early. we need to let the experts get on the ground and do their investigation and what really happened. neil: they were expanding this rapid service between portland and seattle as a means of avoiding the congestion on the road. you know the very busy corridor. a lot of stipulations have been made to allow for this week to continue around curves where they have a way of automatic compensating for that. we don't know whether one of those mechanisms come in no way

of knowing to your point. >> positive train control has been implemented, but not completely implemented. one of the things the safety officials including ntsb, nra and so forth have been looking out was positive effect. was it affect his comment didn't work and you know, that will possibly be one of the big questions people will be looking at immediately. trade to secretary, thank you. good to be getting your thoughts on this. to your point, it is way early, but we are examining it. secretary ray lahood is ray lahood is here, under barack obama. the dow approaching 25,000, which we're told could come as early as tomorrow in the house and senate and very quickly to the president's desk for signature that he puts it, all of this can be delivered not even your paycheck in february

according to the irs timetable on this. americans for prosperity president jim tillis on that. what you make of that pretty aggressive time frame. is that doable? >> it is doable. senator corker was on board late last week. we have ron johnson, rubio on board in the senate. republicans are united. they will get this thing done. i've got to tell you the trump administration, they have led on this issue in a way that has been impressive. train to you know, i was surprised to see under any president whether going back to jfk where the polling wasn't quite as sophisticated as today for the ronald reagan tax cut or bushes they face is a very skeptical public. approval rating going to their first way the tax cuts, which stunned me. this one it 30% is almost double that. what is that people get nervous

about. >> people are suspicious of anything coming out of washington d.c. right now. they don't like the congress that they are top on the personal side. i think the public looks at both democrats and republicans. i don't trust them right now in this environment. once the tax cuts are passed, the economy i think you guys covered up this morning the last quarter may be around 4% growth. if we get a couple quarters of accelerated growth, and the tax cut plays a role in that. the public will feel better then. a lot of it is just a general distrust and irritation average american get out of washington. neil: show me. if you can hang in there, i want to bring in market watcher extraordinaire. the argument has been made people are arguing how much bang for their buck they will get and that will recede the pessimism whether it's bill clinton or for

that matter ronald reagan, jfk after all of that. what you make a bad and do people need to then see it themselves or see the fruits of that because just to see further than for the bout time you have to do pretty big work to topple we've been seeing lately in the markets and the economy. >> meal, and is part of your question so i apologize. what you're getting to is this going to help the economy and i believe it will. in fact, i think it already has helped the economy. president trump, i mean i get it, people didn't know if it seemed dicey up until the last minute. we know we have less regulation and businesses expected a lower corporate tax rate. by the way, a 35% corporate tax rate since 1993.

25 years of 35% and everyone knows it's been too high. president trump promised to cut it and businesses with less regulation in the lower tax rate have to invest. there's a direct impact for middle-class americans but better demand for higher wages in the years ahead and that's where people will see the impact from this tax cut. neil: all the excitement you've alluded to is baked into the bill and it's hard to talk. >> the market reflects that excitement. when the rates actually down to 20%, i do think you'll see a dramatic spurt in investment, job creation and wages will go up as well. i think maybe it is baked in a little bit now or allow, but not on the actual growth in jobs and

certainly wages. so that will be exciting. neil: e-mail, i know the goldman report and the morgan stanley report general line. what he think of that. we expect the data had to 27350. people thought we were optimistic. they led 23,000 by the end of the year. i predict dean for the end of 20 team. i think that's exactly right that we will see more jobs. tree into that would be another 20% run-up versus 29% this year. >> yeah, 15%, 16% but we are looking for. not quite as good as this year. still undervalued today.

not as much as it was five years ago, eight years ago, but it's still a little bit undervalued and earnings are growing at 10% and on top of that we have after-tax earnings because the tax rate will come down, going to grow even faster than 10% and that is what drives the market. the unemployment rate, one of the key things up for .1% today. it will go down to 3.7% by the end of 20 team. the lowest unemployment rate we've seen since the 1960s. this economy it's the longest recovery in history. the fed isn't getting tight anytime soon this is a great environment. we will get a correction some point in time and i guarantee

you this is the end, but that will be the time to add more because this market has a long way to go. neil: i want to thank you both very much again. the way it is going now. shortly thereafter. it's expect and to take place january 1 and show that tax tables at the irs. more after this.

>> anybody and everybody that feels that they did was to write decent thing to do that was directed. i would hope that second thought. please leave and don't give the associate of mine, was thank you for leaving in the recommendation. i'm certain they are destroying a human being's life. neil: democratic west virginia seven -- urging offerings and to reconsider the whole resigning

thing. he's hardly in the majority of democrats, franken still going with roy moore not coming there. i could be missing something. what you think? >> i don't think it's going to change either. i'm kind of shocked. i was little baffled by the idea eight people have accused al franken has some sort of harassment, some of which we have photo evidence. we want you to stay in the senate. i don't think that's going to play well at their base at all. i also think reagan himself has said he would not reconsider this. neil: you know, there's a lot to love al franken and thought these were different demands before he became united states senator but they live in a day and age where stuff comes to hunter.

were they toss you in your key in your keister afterwards and asked questions later. >> i've mentioned this before but the senate does have to be careful in the ethics investigation but it opens about things people did and that absolutely applies. constituents have the right to decide to stay in the senate. if the prior contract had any effect on what is done for them in the senate. they should've had the choice but of course he decided to resign. a little touch and go. it could become a slippery slope i do think if it comes back to haunt you. while you were in office. >> we do know in the public sphere in washington a little bit longer for you to leave in the corporate world that's a whole another issue. if you don't mind my switching,

the house and the senate will vote on this. do you expect any speed bumps? >> i really hope not. one giant speedbump. i'm hoping they can get to smooth sailing esteemed senator rubato, corker. i think it's going to be smooth sailing. every indication is sticking point will head to the president acts. train journey democratic foes neil: particular outcome including manchin might be inclined to vote yes. what do you think? >> is interesting. i'm not sure someone like manchin was vulnerable and one of the most moderate democrats in the senate will vote yes on

this. we'll see if any of the representatives in the house decide to vote yes. i wouldn't be surprised if a couple jump on the ship, but i am not sure how fearful they are either angry base or anything that would associate them with being on board at the president. neil: i want your thoughts on the molar thing in his image is gotten beaten up with all of these texts and e-mails and then fire in a guy with the president. how is all that's going to follow going to follow because going to fall out because when mueller does submit his report, whenever that's going to be probably from both sides, right. >> the integrity of the investigation has hardly been compromised. whether that's how people feel if it's been compromised will wait to see you. he needs to keep a tighter ship. they seem to be very deep-rooted

i am upset that it seems whenever his decision on the end of this investigation reveal it is just going to lead to more more back-and-forth accusations and more disbelief from both sides of the aisle. neil: yeah, think you're right on that. katie come any sense or not is all going to happen? we're told that most if not all of the interviews have been wrapped. i don't know if that is true, but that could mean an imminent end to the investigation itself in a report therein. what do you think? >> i don't think perhaps it's too close to being over. you have to look at the people who made deals, lying to the fbi. is there something bigger he's going to be pursuing further. there is an end anytime soon and i do think the president was wise in saying he's very clearly going to fire mueller because i'd be a very bad idea.

neil: it's not a busy investigation. >> no, it would not. it would just give more ammo to democrats. neil: katie frates, thank you very much. neil: the president will lay out a national security strategy that is all about the u.s. in fact, it is called america first. the strategy that is already the wrath of the chinese who call it reckless under rational and not the way to conduct a positive bilateral relationship between these two countries. the president seems to be responding as if. after this. achoo! feel a cold coming on? zicam cold remedy nasal swabs shorten colds with a snap, and reduce symptom severity by 45%. shorten your cold with a snap, with zicam. ...from godaddy! in fact, 68% of people who have built their... ...website using gocentral, did it in under an hour,

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... >> there's breaking news on cavuto coast to coast, connell mcshane back once again from the news room as the live pictures come in from the state of washington where an amtrak train derailment this morning has killed a number of people local authorities are telling us the train amtrak 501 on the amtrak cascades line came flying off of

an overpass near tacoma on to the busy i5 below it interstate 5 where there were cars driving below. we'll get back to that in a moment i want to show you a map though of that area. mentioned this train was on its first ever run along a new route and on the upper right hand corner of this map northeast corner you'll see the new amtrak route marked just to the left and/or southwest of that. that's where the derailment took place with the train coming off the overpass on to southbound i5 and it was leaving seattle or did at 6:00 this morning on its way to portland. now, on its website the washington state department of transportation brags about this new point defiance bypass they had been putting in place to allow its passenger trains as it said to avoid the slower congestion route and it says it will improve travel times and in this particular case the travel time was supposed to be improved by only 10 minutes with the route to seattle to portland and that's largely because there's

speed limits in place along the route. now for example, on this point defiance bypass which i mentioned, the speed limit, the maximum speed along that stretch of new track which i believe is about 14 miles the maximum speed is 79 miles per hour. that's what the washington state department of transportation says and we just got an alert from a website called transit docks.com which tracks amtrak train locations and speed s using data from an app and it says on this site that the train in question was traveling 81.1 miles per hour. again 81.1 miles per hour, just before the derailment, so that's where we are, neil we may learn more about this 2:30 eastern time an hour from now when the ntsb holds a briefing in washington. neil: thank you my friend very very much. in the meantime that's about a half an hour we're due to hear from the president of the united states about 2:00 p.m. eastern time will detail what he calls his meshes first national security strategy and in it he's

expected to target china and russia for not only economic aggression but doing so to the deliberate detriment of the united states and he says it's going to stop the former trump campaign advisor former deputy assistant of the army both of fox news contributors very happy about that so van to you first on what the president says. if you think about it he's got to walk a tight rope maybe not in your view regarding the chinese particularly at this time at north korea but he's going to call them out for going a little too far when it comes to trade. what do you think? >> i'm glad he's calling them out, neil he's being too charitable with the chinese. anyone who steals the social security numbers of 23 american citizens quite frankly i call them something else so i think he's being charitable but i'm glad he's calling them out. the south china sea economic security equates to national security part of the trump message, the america first message we're going to put, protect americans and protect their jobs, the south china sea,

neil, $5 trillion worth of cargo goes through there every year. it is vital to the economic security of the free world. this president gets that. neil: what do you think? >> well, i think what is basically the principle here is that the united states national security doctrine will have to preserve united states national security and also the international security of our allies and i think the president is going to expand on that. we find ourselves in opposing positions with russia in many places and most of these cases are because of third countries. the most important case of course after looking at north korea is iran. we and our allies in the region, arab moderates and israel are in a confrontation situation with iran and russia is strategically supporting iran, and hezbolla so that has to be clarified and in addition to that of course russian expansion into other areas in the region but also into latin america, with venezuela, so we find ourselves in opposing positions because of the alliance the russians have

developed. neil: you know, van i'm just wondering what the fallout will be among the chinese and the russians. the chinese have already claimed i just want to make sure i'm getting my wording right, that these are wreckless and irrational remarks. what do you think? >> america first does not mean america alone and i think what the president is going to emphasize today is we're going to put americans first but we're going to work with countries where there's a common interest. russia for example. i think it's a big deal what the cia did to the plot about radical islamists to attack the cathedral in st. petersburg. they have a problem in russia, neil fighting radical islam and they had attack on their subway systems in st. petersburg back in april and last week moscow authorities announced they had arrested a number of isis-linked suspects who planned suicide bomb attacks on new years day so that is a common area we could work on together and i'm glad the president had that conversation. i hope the president uses this and takes it a step further and

gets russia to help us with north korea. there's a lot more they can do there. neil: how is this going to sort out globally? he's obviously thinking an america first posture. how do you think that's going to be received in the rest of the world that is sort of embraced the barack obama method of like a "we are the world" thing. >> look, i remember the years, 2016 where we are defending or developing this idea of america first but america is not alone in this, it has allies in the case of fighting terrorism that's a most important combination of all these members all these world powers. the five permanent members of the security council namely the united states, russia, china, uk and france all are fighting al qaeda so they are areas where we can coming to and other areas for example, crisis in humanitarian issues in syria and other places, migration. there are many areas where we can work together but of course we need to resolve the areas where we position ourselves

against each other because of third countries. neil: i want to thank you both very much. we're less than a half an hour away from hearing from the president on that. again everyone in the world is going to be listening to this one because it could affect our trade agreements already in place and our trade relationships with countries in the case of the chinese that own a lot of our debt so whether that has them stomping their feet away from that debt is anyone's guess the president has called them on it particularly the chinese and the world is waiting to see what the chinese do in response. more after this.

>> more breaking news as we have an update on the amtrak train derailment in the state of washington. we've just heard moments ago at least six people are now dead in this derailment. some new pictures coming in from local television, komo and the seattle market as we look down upon the scene for the first time earlier we had been looking in from i5 and we saw the one train car that had come flying off the overpass on to the road

but we were told by officials there three or four more cars were as they put it in the woods now for the first time we're getting a look at some of those cars and a moment ago before the camera started to pan up we saw some of the rescue officials working beneath those train cars as it looked like there was a digging motion there as they were trying to get beneath as the rescue efforts as of the last update we received continued that looks like some sort of a passenger vehicle that was below the train car coming down and now the deaths we're told by a u.s. government official that at least six people were killed in this derailment and as far as we know all were on the train itself not on the road below although there were some injuries below. earlier we were told 77 people in all were brought to local hospitals as a result of this so obviously a number of injuries and now the newest information coming to us at least six people are dead, so nothing yet neil on the cause, ntsb briefing coming

up at the bottom of the next hour. neil: all right thank you very very much, connell. in the meantime, a massive power outage at the atlanta international international airport has already left thousands stranded and this could go on a while. fox news is at hartsfield jackson with the latest. >> hi, neil well you can see many passengers behind me many trying to rebook their flights and while this is a long line this is closer to the length you would see during a busy holiday travel day. airport operations are slowly returning to normal. the thing is because it's the holidays, there are very few seats on aircrafts so some people may have to wait a couple more days. now it was a very different scene last night when the power went out for over the course of nearly 11 hours. you had planes pulling up to the jetways but the jetways couldn't move to greet the planes so in many cases passengers were stranded on their planes for several hours, baggage conveyors weren't working, people were separated from their luggage,

escalators and elevators weren't working which could pose a problem if you get around in a wheelchair. here is what one passenger was saying. take a listen. >> it is absurd. like people are sleeping on the floor like homeless people. it's just like i've never seen anything like this at all. >> reporter: now the power outage affected all airlines servicing this airport but of course this being the home of delta airlines, the biggest impact was felt by delta which canceled 1000 flights yesterday and 300 flights today. most of those in the early morning. georgia power says that the cause of this outage was a fire, an accidental fire. they're working to get to the bottom of it and prevent this from ever happening again and coming back to our live shot at the delta counter from a business standpoint we're actually seeing a higher level of customer service. they brought in people from their corporate headquarters and rather than just pointing to where passengers need to go after they've gotten their

tickets they're actually physically escorting them to their destinations, an unusually high level of customer service but then again, these are highly unusual circumstances at the world's busiest airport, neil. neil: this is supposed to dragon for how long? do we know? >> reporter: well the airport is returning to normal operations today. it's just a question of how long will it take to book everyone on those flights which are very busy during the holidays. might be another 24-48 hours before everyone gets home. neil: oh, my gosh. hopefully there's a cinnabon nearby but i digress. he has no idea. he's a healthy eater. jonathan thank you very very much. >> [laughter] neil: in the meantime the dow hitting a new all-time high. nicole petallides has been looking at the winners and lose turpitudes nicole what have you found out? >> the dow, nasdac s & p all at all times highs second day in a row we'll have a monumental day when the dow closes higher be the 70s records of this year,

intel, apple, dadder tell lar as they gain, take a look at the down arrows but this 70th record is so key not because it's another record but because it's the most record closes ever in any one calendar year. we're going to make our own history, 3 m, disney, visa under some pressure and we're we're taking a look at the home builders you'll see them all with up arrows the national association of home builders showed confidence in fact it went to the highest levels in 18.5 years and the fundamentals are low unemployment, they have a tight housing supply and actually now they're going to boost construction for 2018 particularly on single family homes so neil another day of records on wall street. you have apple, google, microsoft, goldman sachs, american express, mcdonald's all at all times highs, just to name a few. i've already say they're not going to look like these gold ones. they won't be gold like all of these.

it's down 20,000 you'll remember that not so long ago. neil: they have pencils the way we slice through these milestones, all right nicole thank you very very much. all right we're told back in washington that they are moving fast, the rules committee to take up that tax bill later today to prep it for a household tomorrow and then after that in the senate and after that to the president and much of what they brag about besides the fact you're going to see a better paycheck in net in other words you'll be taking home more next year, they stress the simplicity and they do it with this they could write it on a postcard you ever seen this? my argument has always been most people don't care about simplicity. what they care about is in the end, just saving on their taxes and so you happily fill out a tax form that's as thick as the manhattan yellowpages if you save a lot of money so will that be the whole way this is judged? let's ask accountant daniel gelt red. dan what do you think of that? everyone loves simplicity, the easier the better but in the end if i'm not saving a lot of money

i don't know whether the postcard thing does it for me. what do you think? >> i agree. i don't think people care about the size of what their tax return looks like. they want to know if they're saving money and i couldn't really see that postcard. did that say greetings from neil cavuto? neil: [laughter] i tell you it's weird but it's the one they recommend that millions of taxpayers will have, millions of taxpayers with double the standard deduction are going to be able to fill out on a postcard i guess, but as many as the administration to thes or what, what do you think? >> look, here is what i think the big thing here is. they talked about simplicity being the backbone of this tax plan but they ruptured a disc and they ruptured that disc are the alternative minimum tax because they didn't get rid of it. they kept it in there. what does that mean, that everybody's tax return has to be done twice. you do your regular tax return and then you have to see where you fall with the alternative minimum tax. why they didn't get rid of it i don't know.

they raise the levels so that less people would fall into it, but it's still there. neil: and what about the people in the high tax states much as to the fact that while some of them got a little bit more wiggle room up to $10,000 on interest and/or taxes whatever they want to write-off. it won't come close for a lot of them even with lower rates to compensate what do you say? >> no, it won't. i think when you're talking about the whole salt issue, neil it's really a disaster for high income earners in the blue states. it's just going to increase taxes. it's as simple as that tax code picks winners and losers and those particular people are going to end up being there. neil: but are most winners, are most americans going to be winners? >> yeah, i think they will because most people who are not filing with itemized deductions, they are going to be the winners because their rates are coming down, so by default they're going to pay less taxes, get that benefit starting in 2018. neil: all right they did add a line here dan that you might not

have known about. how much do you make? and then the next line is give it all to us. >> [laughter] neil: i guess that's a whole other thing. >> that's the postcard neil. neil: i'm joking they didn't do that, dan thank you very much my friend. >> thank you neil. neil: the president is commenting on this train derailment in washington and goes on to say it shows more than ever why our soon to be submitted in from structure plan must be approved quickly, $7 million spent on the middle east while roads, bridges, tunnels railways and more crumbles. not for long and of course they have not surmised what might have contributed to this accident whether it had anything to do with any of the above. the president illustrating this is a case for infrastructure reform and for infrastructure spending. we'll have more after this. i just finished months of chemo. but i don't want to talk about months. i want to talk about years. treatments have gotten better, so... i'm hoping for good years ahead. that's thanks to research funded by the american cancer society.

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>> the breaking news still coming in from the state of washington i'm connell mcshane in the news room where we've just had our first hint of a possible cause and we stress the word possible. this amtrak train derailment just outside of seattle this morning, a u.s. official speaking to the associated press saying that track obstruction, again track obstruction is seen as a possible cause of the derailment. we mentioned earlier this amtrak train 501 was on its first ever run, inaugural run on a brand new route going from seattle to

portland when this derailment took place. at least six people, according to a u.s. official, have been killed. that number certainly could fluctuate. the number of injured is likely to fluctuate as well. we don't know a number there. we know of 77 people reported earlier to have been brought to local hospitals. we were told by amtrak that approximately 83 people were on board this train, 78 passengers, five crew members and we've just learned from this u.s. official speaking to the ap that the track obstruction may have played a role or may have been the actual cause of this derailment. bottom of the next hour ntsb, the national transportation safety board will have a briefing in the nations capitol where maybe they go into this a little bit more but this is the middle of the rush hour the pictures that we're looking at from above the derailment show the horror of it just before 8:00 a.m. local time, pacific time, this train carrying more than 80 people derailed about 4e and at least six people are dead president trump just ahead of

his own address on national security to come with the following tweet. the train accident that just occurred in dupont, washington shows more than ever why our soon to be submitted infrastructure plan must be approved quickly. $7 trillion spent in the middle east while our roads, bridges, tunnels, railways and more crumbles. not for long, says the president neil back to you. neil: connell thank you very very much meanwhile ahead of that the president is going to be talking to national security just moments now politico reporting that president obama derailed a campaign against hezbolla to secure an iran deal senior investigative reporter josh meyer broke that story and joins us thank you very much for coming. >> thank you. neil: there is this concern that it was all rushed very very quickly and others have made great political hay of this saying democrats are very quick to criticize republicans from rushing the tax cut package through yet they were rushing a life and death matter through i don't nowhere the truth begins or the fiction starts but there

does seem to be some evidence here that to get this done, they had to make some compromises and a big one was hezbolla, could you explain? >> well, yeah. i think that the obama administration was the first to admit that this was a very long term process that there were a lot of moving parts to the negotiations. i think what i was trying to focus is sort of some hidden aspects of the deal again not saying that the deal itself was good or bad and that's not what the drug enforcement administration agents were saying. what they were saying is that their efforts to investigate, prosecute, and throw into prison senior members of this hezbolla- lead drug trafficking organization was also very important and shouldn't have been sort of thrown under the bus and they believe that happened investigated it and i talked to dozens of people and it seems like that appears to have been the case whether it was intentional or not biowoman a administration officials or sort of a by-product of them

having this myopic focus on the iran deal when you look at all of the key suspects that they identified as far back as 2008 who were still on the loose, it seems like the proof is in the pudding. neil: was it their fear that if hezbolla wasn't on board with this then they wouldn't have the deal? >> well, you yeah it's a lot more nuanced than that i think i talked to people at the state department cia, justice department, fbi, dea of course white house national security council and what they said is that there was a sort of a atmosphere there where the obama administration didn't want anything that might interfere with that. they wanted to show good faith to the iran and there for certainly high profile arrests, extraditions, investigations, things like that would be seen as a rebutte to that, so i think there was a lot of behind the scenes discussions about that but there was noah nounsment saying don't do any law enforcement efforts. the people involved say it was

much more sort of behind the scenes than that. neil: was there anything that was reciprocal in that sense that then the iranians, i'm switching groups now, had to adhere to things that would not embarrass or compromise this agreement? because they did a lot of things i remember going after ships and elsewhere that at the very least complicated the whole thing. >> you know, i didn't focus on that. i've heard there were in some instances things they might have done that where they throttled back on cyberattacks and so forth but i think one of the concerns among the federal investigators and i'd done an earlier story in april about how the obama administration derailed counter proliferation efforts as well and the concern was that iran was continuing this bad behavior even as the deal was being negotiated that they had iranian and hose bowl a which is essentially a proxy of iran trafficking networks in the united states and elsewhere that they were proceeding at pace with their plans to do that, to evade sanctions. they were expanding and so

fourth so i think their consensus is that iran was not as negotiating and nearly as good faith as the obama administration was trying to do. neil: i like the way you didn't judge the deal one way or the other just what was done to get to that point, but very good reporting very good story, thank you very very much. >> thank you. neil: as josh and i were speaking the president submitted another tweet on this train de raiment going on to say my thoughts and prayers are with everyone involve in the train accident, thank you to all of our wonderful first responders on the scene. we're currently monitoring here at the white house and an earlier tweet he had said that this really necessitates vast infrastructure spending, the likes of which presumably he seems could have avoided this. that we don't know. we'll have more after this.

neil: we are moments away from hearing what the president of the united states, talking about national security where he will talk about u.s. security and the u.s. first, that that's very important to keep in mind not only in trade deals but the way we look after our own military interests as well. the chinese are not a fan of what they're going to be hearing out of the president obviously given a heads up that is comments are going to target them as a strategic competitor pursuing policies that are meant to weaken the united states. they've turned those comments to be wreckless and irrational. they're getting ready to hear

him and again, with vice president pence doing the honors to introduce the bows. now the dow up 132 points, nasdac is up and s & p is up and here is trish regan. trish: thank you so much we've got markets higher around 25,000 watch and breaking the president is about to speak any minute from now, and reveal his administration's first national security strategy. he's going to be making the case that economic security is critical to national security. all of this as the house gets ready to vote on the tax plan tomorrow. i am trish regan welcome everyone to a very special edition of the intelligence report. trump is going to be making the case that the u.s. cannot be a beacon of strength and a beacon of stability in the world unless we put america first and we hit the ground running in terms of economic security and we re negotiate our trade deals, you know as neil just told you, china does not like the sound of that. here to discuss former sun