mueller, suppression of evidence. lou: are you tired of the law? gregg: i have been doing it for 35 years, i'm really tired of the law. lou: thanks the >> preliminary indications are that train was traveling 80 miles per hour in a 30 miles per hour tax. lauren: the train that derailed in washington state leaving three people dead was traveling way over the speed limit. >> susan collins is a definite yes for tax reform. defendant as soon as tonight. tax cuts lighting a fire under the stock market peaked down nasdaq and s&p 500 to new records yesterday marking 70 for the dow this year alone. features this morning with

another good day. train to mergers and acquisitions at the stock rally they are, to put the ftse up dramatically with the cac down. lauren: and china's shanghai composite of 1%. trailing to the u.s. confirming north korea was the mastermind behind the largest cyberattack in his right causing billions of dollars in damages. "fbn:am" starts right now. lauren: good morning. 5:01 a.m. in new york. and lauren simonetti. gerri: i gerri willis in for cheryl casone. it's good to be here as always. a busy week. details of the tragedy on the rails and speed could be a dirt.

at least three people died after an amtrak train derailed near seattle yesterday sought the tacoma sydney trading price tumbling down to an interstate highway below. more than 70 people taken to area hospitals with nearly everybody on the train. the safety board now says data recorder shows the train was traveling 80 miles per hour in a 30-mile per hour zone at the ntsb cautions the cause of the derailment still unknown. >> we will be looking at all the different areas that include such things as operations, mechanical, human factors, signals come the survival fact varies and of course the event data recorders. transferred to train a smirk in his first run in the new route from dupont washington to portland, oregon. president trump treating our deepest sympathies and heartfelt prayers. we are closely monitoring the

situation and coordinating with local authorities. federal investigators will be asked to find out what went wrong. gerri: resto couldn't be a retired ntsb in an industry consultant. great to have you here today. this train derailment disturbing. three people to. awful scenario unfolding in washington state. how long will it take the ntsb to come up with answers and what you believe they are likely to find? >> this apparently was a human performance investigation particularly when the engineer controlling the train. and why he was over speeding will be the focus of the investigation and belief. train to what is so interesting is this is a brand-new track being used by commuter trains

coming amtrak year. this is really controversial. it is surprising you would contact this kind of problem on initial route. when you make of that what is it tell you about what happened there? >> welcome the track was undisturbed when you look at videos and the disposition of wreckage indicated over speed. as far as human performance currently a junior to control the speed of the trading, whether god has a mechanical pace, which made its remote that it may have a mechanical base or that he was distracted or possibly asleep are also some possibilities. trey taylor said 2015 incidents in philadelphia where we had multiple deaths, where somebody's attention was good.

i would have been there. people calling for automatic braking. new technology for trains consult driving trains. why isn't that happening in is that important? >> it is. positive train control is implemented. it hadn't been implemented on the track at an part of the reason was they just rehabilitated to track. previously on a trek east of the along the shore which i originally run this route until it can't change to a shorter route hugs positive train control and union pacific on this track. the reason they haven't upgraded it is because it was more of a secondary line to them until it got taken over for passenger works. gerri: will continue to look for answers on this. the president saying he thinks this is all the more reason to get the infrastructure bill

passed. russell coming thank you for being with us. >> you're welcome. lauren: history to be made on capitol hill as congress expected to vote on the sweeping tax reform plan today. susan collins expressed reservations. she now says she supports it. turning to vice president mike pence has delayed his plane to israel where the vote could be close. more from adam shapiro. >> good morning. here's what's about to happen. we expect the vote to pass although their republican members of the house of representatives who will vote against the bill from california appeared lee zeldin from new york who has said no, but also senators who will vote for it. my "glee" late on monday afternoon came out and said he will vote yes for this legislation. where do we go from here? the house passes a right to a

clock, 3:00 p.m. the vote could pass late tonight. even if they do that, they are not expecting any democratic yes votes. joe manchin from west virginia, democrat said even if they pass legislation they will come back in january to make slight changes. 's >> as soon as this is passed they will ask for more tax credits to be given away for extenders. if you had true for me would need that appeared in january at the budget caps as far as the budget control act because the military, we were all briefed on how desperate the military needs money. >> the urgency of all of this on friday the government runs out of money. the senate, the house has to get to work on passing a continuing resolution to keep the doors open and the lights on in the expectation is they will do that if they do that sending everything to january where he can start over again. back to you. >> president trump doubling down on his america first policy,

rolling out a national security strategy yesterday. a document mandated by congress restricting immigration, pressuring trading partners can build an military assaults influence on the global stage as principles to keep america strong. >> for the first time american strategy recognizes economic security and national security. economic vitality growth and prosperity at home is absolutely necessary for american power and influence abroad. any nation that trades away its prosperity for security will end up losing both. lauren: the president parting ways with president obama, bush and clinton. he made no reference to climate change as a threat to national security. instead they suggested to climate change activism. maybe a threat to the economic security.

we will sit just this more. train to remember the massive cyberattack back in may. the government says they know who was behind it. lauren: tracee carrasco joins us more with that. who was behind? tracee: after an investigation, north korea was behind the massive want to cry cyberattack could spread around the world costing billions of dollars in which computers running windows for targeted. north korea has not been especially badly, largely unchecked for more than a decade in its malicious behavior is more creatures. it was indiscriminately reckless. during the infamous attack of a secret in ransom payment in the form of that coin was demanded of the users if they wanted the data back.

true to the other story out today, berkshire hathaway warren buffett is getting really, really rich. what is so interesting in this market, he's a value investor. lauren: 55 years ago the oracle of omaha paid $7.55 a share of berkshire hathaway back when it was a failing textile company. yesterday commissioners jumped about about the $300,000 mark for the first time. that is by far the most expensive public traded equities in the u.s. the stock is up more than 20% this year with about half the valley since november 16th when the house passed its plan to cut the tax rate for u.s. companies. lauren: seems like everything is doing well. 7000 on the nasdaq yesterday. saturday's record close. gerri: here comes retirement, girls. lauren: not just yet.

facebook cracking down on tag a friend post. tracee: facebook announced it will punish what it calls spamming post from would-be viral publishers that ask you to tag a friend or hat like in response to a post. facebook calls this engagement date that use this and will receive less exposure on face the newsfeed. you'll be seeing a lot less of these posts that say like if you are a virgo. gerri: i think they are just trolling for information about all of us that they will deploy and make money on. that is made clear it. thank you. good to see you. lauren: coming up for the first time in six years the uss cast a u.n. veto. nikki haley moving to block a u.n. measure critical of the trust administration's original policy.

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welcome back to sketch about a sketch about headlines what's happening now. the united states at the first detail in six years at the trump administration block any u.n. resolution that called on it to rescind its decision to declare jerusalem the capital of israel and that the u.s. embassy to the holy city. u.s. embassy nikki haley says the detail was to send american sovereignty and its role in the middle east peace process. a warning from federal reserve bank of minneapolis president neil cash kari, bad things may lay ahead for the economy if interest rates keep going up. he has opposed all rate increases by the federal reserve this year and tells "the wall street journal" the fed should hold off on further hikes until it is clear evidence of weak inflation will move higher. french daredevil has captured the world record for flatlining by walking across china and he did it while blindfolded.

the kid walked the 5400-foot plot line in 26 minutes i might more traditional tight rope in people walking along them do not use a hold for balance. lauren: i didn't even know what flatlining ones. thanks for explaining it. 26 minutes of this. president trump laid out a worldview in which economic trends bolsters national security and reiterated his america first policy. retired marine colonel ted studer and political commentator kerstin haglund to discuss. we begin with you. your thoughts on the message the president sent yesterday. >> well, i think it's a great message. our economy is the foundation for everything we do in the country and you look at our past history from world war i, world war ii, the cold war, even the

goal for in their economy generated or as a basis for a national power, so it is a great move to link the two together. trade through "the wall street journal" is: "wall street journal" is calling at "wall street journal" is: if "wall street journal" is: if the trust doctrine, kerstin hayek learned from it today. it really couldn't be any more different from barack obama's. >> really interesting to see the shift in how the outline of the foreign policy from president bush in early 2002 where they are now in the public sentiment about what america should be in the world, how we should read and reflect and extraction in so many conflicts around the world. it's been interesting than a lot of people noticed from the speech is that there is a real consistency with the establishment worldview here in the speech even given the populace. however, donald trump and the administration's actions have been different. for example, he called out russia and china in the speech, yet many of his comments as does

the administration have been much more trying to work with china in the situation with north korea as well as russia as early as this week and helping them to combat the potential basis terrorist attack. it was bold and you can tell the president really is behind this vision because it's also the first time really in many years the president has come out in the first year with this definitive speech. you can tell he's very passionate about it. lauren: did you hear any conflicting messages with regard to china and russia? sometimes the policy is different from the practice. did anything conflict in your mind? >> you know, i really didn't see any conflict and what i saw was a focus on national interest in looking for a national interest intersect and we also see what we can be competitors and we can work together with the same country. it doesn't always have to be black and white.

i thought that was well laid out in the plan. lauren: did you agree with his candid assessment of russia in a speech yesterday? russia aims to weaken the influence and divide us from allies and partners? >> i think we see a lot of that laid out in the news today. look at what happens with our election and how vulnerable we are across a number of platforms when you look at cybersecurity and things like that. that is being exploited right now as we speak. train to what you make there was no real mention of climate change is a national security threat. i was looking at numbers in obama's 2015 national security strategy, 16 mentions of human rights and trumps just one and of course the main difference being how he fits climate change. >> that's one area where they've abdicated on the stage and that's a good thing that is

putting america first. however, others argue bringing us away from his seat at the table doesn't give america a voice in that way. what is clear here is that it's not a priority for this administration. what is his military spending, speaking softly perhaps in carrying a big stick is showing real american leadership. lauren: telling the world this is what it's all about. good to see both of you. thank you. >> thank you so much. trade to congress promises $81 billion worth of relief for the california wildfires in the recent hurricane. fox senior meteorologist janice dean assembly from cold temperatures in the northeast coming out. you are watching "fbn:am." ♪ farm to table on a blockchain,

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you will told firefighters to reach 50% independent of nasa wanted fire. it is fair expected to become the biggest fire in state history before full containment. only halfway there. house republicans yesterday and built legislation with $81 billion in disaster aid after this year's hurricanes as well as the wildfires. gerri: will the commons of southern california continued today? janice dean in the fox weather center with the forecast. so good to see you. >> nice to see you, too. the winds will remain calm in southern california. that will help firefighters a great deal.

very calm is what we like to see. that'll be the forecast for the next several days. a little bit of relative humidity into the coastline as the wind will shift to an onshore flow. that's another piece of good news. the one thing i wish i could tell you is who will get some moisture in the into southern california. the range remains dry while the rest of the last will get a lot of snow, feet of snow in the northern rockies. the forecast today with unsettled weather for the northwest to remain dry but call most winds down across southern california. a lot of rain working its way to the its way into the southeast a big story as we head into the weekend. quite a bit of rain and warmer temperatures across the east coast. 54 in new york city. you like it? >> it's possible we will see a pattern change a pattern change and there is the potential for snow in the northeast on christmas day.

>> fingers crossed. i like it. coming up, a tease for boeing, the company saying today it will unveil and change the future of air power. what better way to mark the start of winter again with a donut and a. that is the dunkin donut thinks. i don't know about that. keep them coming. ♪ ♪

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>> preliminary indications are that they were traveling at 80 miles per hour in a 30 miles per hour track. breaking news overnight, they train at derailed in washington state leaving at least three people dead was traveling way over the speed limit.

late last night, susan collins says she is a definite yes vote on tax reform. the house to vote on the bill today in the senate tonight. tax cuts lighting a fire under the stock market. the nasdaq crossing seven thousand for the first time ever. gerri: los rios tax reform in mergers and acquisitions with a stock rally at this point is that these the only one not. >> check at the shanghai composite one on the board up almost 1%. trade to boeing will unveil a new secret plane today. it will change the future of air power. "fbn:am" continues right now. lauren: 5:30 a.m. in new york.

thank you for joining us lauren simonetti. tracee: and gerald -- gerri willis and four cheryl casone. it looks like one of those building cars. lauren: has a cover which they're going to take off. gerri: so we are not seeing the real plane. transfer will find out soon. the house expected to vote on the tax bill today before sending it to the senate. senator susan collins has expressed concerns about the bill says she was supportive. bringing arnold joins us now from the executive vice president of the national taxpayers union. good morning. collins is on board. it seems like arizona senator jeff flake is the only undecided senator right now. the listed. >> still looking at the bill, still reading the bill of likud and other issues. we are trying to get that moving concurrently with the bill.

january is going to be busy. lauren: what you think? maybe, yes? >> even afford to for the bill the first go around. they have enough votes in the senate right now to pass legislation. that could happen as early as tonight, possibly the morning. >> the house expected to pass this with flying colors. the senate, in nailbiter moving a little bit too fast for you? >> the pace is appropriate right now. talking about doing tax reform for 31 years. they've been looking at the bill for months and months. the american public has had a good chance to look at it i think we are moving an appropriate pace that will generate quite a big number of jobs in quite a lot of economic growth. lauren: in the past of a democrat to come on board.

we have anything to do with it. take a look in the tax policy center at the winners and losers here. they find that 143 million of us taxi. >> there's been so much misinformation the bill at mindnumbing. 80% of americans. the polling numbers is something 50% of americans believe they will see tax increase in the legislation are thus completely long in the of a lot of misinformation. >> the ones that live in the high tax states including new york, new jersey, illinois, california. in fact, turning to the house side of this, dan donovan and

peter king of new york are going to vote no. that is going to hit their constituents hard. you disagree with them. >> i think it would fall more in high tax states than it would on low tax states. that's how it works. how your income talks individuals pay more in taxes. that's again how progressive taxation works. this makes it slightly more progressive than it is. in terms of the concerns of new york and connecticut and the higher tax states. i live in maryland, a high tax state. the problem there is a mistake capital as they engage in reckless fiscal policy for years and years in and years and they shifted the burden away from their own taxpayers under federal taxpayers and then needs to come to an end to some extent. lauren: we're on the cusp of historic tax return. so good to see you.

>> federal investigators will be on the scene this morning after amtrak train derailed near seattle yesterday. killing at least three people and injuring dozens of others. lauren: such a sad story, specially christmas week. fox news is live in dupont, washington with the very latest. what is it looking like this morning? >> very wet. national transportation safety board arrived here overnight. combing through the wreckage of yesterday's fatal train to romance to try to figure out why 12 passenger cars in the locomotive jumped the track. some landed on the busy freeway below. you can see if they are still there you can see the dangling train car and while it will take months, the train was going way too fast and the train was

traveling at 80 miles an hour 30 miles per hour zone. 50 miles over the speed limit when it are real. navigate to hear those chilling first moments after the crash when the conductor calling to report it. >> we are on the ground. we are on the bridge. >> a looks like they are already starting to show up. treatment for derailed that killed three people on the train. victims are treated at nearby hospitals. 10 i said to be incurious conditions. amazing survival stories, too. a baby on the train escaped and many survivors are praising bystanders who rushed in to help. one good samaritan and another was a neurosurgeon at the nearby

military base also responded and helped save lives. president trump expressing his condolences in saying his actions shows more than ever why are soon to be infrastructure planned must be approved quickly though "the associated press" is happening on tracks. this maintenance problems. one local mayor recently that there would be fatalities with high-speed trains so close to traffic and pedestrians. you can see how the trains are being used to lift cars in semi trucks out of the way so they can get the busy stretch of interstate back open with hours long delays here yesterday. this is a major artery in the pacific northwest and highway officials are hoping to be back open later today. back to you in new york. lauren: claudia, thank you so much.

>> it could change the future of air power. lauren: more anatomy other news headlines trying to figure out what this plane looks like. tracee: of this comes from boeing defense unit and as you said, it could change the future of air power. they have been teasing us with pictures on the screen but the black cloth over it. some speculation it could be anything from a new space plane to an electric fighter jet for that it could land and take off vertically. we should hear more and exactly what this plane can do, what it looks like sometime today from boeing. tracee: dunkin' donuts grave. gerri: who buys this? trade for it is stock, which has been deeper taste. so this is a brewery at massachusetts. they've teamed up with dunkin' donuts to create the first-ever

dunkin' donuts beer. there it is on your screen. this is only at this one pound brewery in massachusetts in honor of the winter solstice. you'll be able to get that on december 21st and proceeds will be donating both duncan and the brewery $11,500 to a local food bank. >> that's nice. i like to have that appeared on the other hand they could predict today mr. massachusetts. they liked their beer and their donuts. he might have to get it at the brewery. they are using the beams. gerri: rvs rolling out, we are seeing clothing but it's really just -- tracee: meat sweats is that they are calling it.

there it is. who wouldn't want aware that. featuring bacon pattern warming pockets. rb says he can't buy this lovely outfit. you have to earn that. the way you can earn it is you have to post pictures on social media of the meet beats 2017. trendy did you say to pockets the bacon? transfer yes, built-in. tracee: for someone who has everything. there you go. gerri: coming up, bitcoin made its debut yesterday. well that just add to the roller coaster ride of the crypto currency? senator john mccain may not make it to the tax reform vote. he says he's feeling better. you are watching "fbn:am."

♪ i am totally blind. and non-24 can throw my days and nights out of sync, keeping me from the things i love to do. talk to your doctor, and call 844-214-2424.

(sfx: shopping mall ambience) (group conversation)

♪oo waa ahhh ♪wooooo oo waa ahhh ♪it's a beautiful mornin' thank you ♪it's a beautiful mornin' ♪ahhh ♪each bird keeps singin' his own song♪ ♪so long ♪i've got to be lauren: good morning and welcome back. republican senator john mccain says he's feeling better than to come back to work after the

holidays after being hospitalized for a viral infection while battling brain cancer. mccain will miss a critical senate vote today. maybe tomorrow when the republican tax package. sarah palin's oldest son 28 years old arrested on charges that he assaulted his father at the family's home in alaska. police say they were called to the home saturday night after sarah, the former alaska governor told police her son was out on some type of medication. todd was bleeding with cuts on his head and the fight began when track was called to retrieve his truck. new analysis finds that the highest-paid executive, age 40 and under are mostly men. in fact, one woman makes the top 20. julia heyward came in number 10 with $3.9 million, which operates united airlines. the highest executive on the

list was extraction of oil and gas price $26 million. so there is a paid disparity in the report right there. >> that's no surprise there preferred it that thing before. bitcoin features so they have more trade. jonathan hoenig joins us now. great to see you. you look at this. i'm still mesmerized by this whole thing and i just wonder, is this going to slow down the volatility of the non-ecma and change anything about this -- i don't know what to call it. an investment or currency. >> you can call it a bubble. this is a bubble. he notes the instruments go up 2000% in a normal economic environment. at the top of the bubble, no one thinks it's a bubble. the fact that features are

trading at the cme to me says not only are the assets becoming more commercialized than legitimate, but it's later in the game. the features are not seen introduced a year or two years ago. only after the siege have been more like the sixth or seventh inning of bitcoin rather than the first or second. >> you're looking at nine innings. d.c. have been a big winner over a long period of time? >> two different elements here. block chain technology which has a tremendous feature on the future of bitcoin. almost sickening to 99 and we are starting to see shades of 1999 which tax.com or will it be priceline.com, which came back to huge success.

that is yet to be determined. when companies start to go up 200% in one day because they've announced a block chain or a bitcoin acquisition as we start to see petty stocks will to me we've reached euphoria and we are near the end of the game. >> i've heard of that coming young man who took all the money his grandmother gave him and put it into bitcoin is a millionaire instantly. it's those kind of stories that feel more speculation than this. maybe not bitcoin, the block chain, what is it you like so much? >> it is a viable technology. much as it was in 1999. we knew what was coming although the technology hasn't been completely developed. that's the same thing with block chain, but it's likely they will be successful in the price of bitcoin and will not necessarily follow suit.

we will start to see bitcoin get less volatile. that's what features do. the contract becomes less volatile, so the glory days of bitcoin if they are not over but they are nearing the end with the latest development. gerri: thanks for getting up so early for us. we appreciate it. >> we appreciate the enthusiasm as well. l.a. lakers star kobe bryant watches as his jerseys are raised to the rafters at the statesville center. espn has more term wanted to tell you about. by the president of the network has resigned. you are watching "fbn:am."

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trained to espn president john skipper resigned from the network because of what he calls a substance addiction problem. after a rocky year for the sports network from reports of a hostile work environment for women to massive layoffs that plagued a number, he joined in 1997 and has led since 2012. former espn president will serve as chair. lauren: we wish him well in his recovery. ricky stenhouse junior no longer a pair. the racing couple of broken up after a five-year relationship. padgett announced her retirement just recently. the full-time driver, or a no-show at a nascar reward ceremony with the status of the pair of her spokesperson has confirmed the split. gerri: wow, that's a lot of

information. lauren: they did the good together. >> a retired to kobe jerseys. >> he was if you will that kobe beef of his nba generations. if you look at what he's done, just unbelievable. 20 seasons, 13 time all-star, 33,600 points. third most all-time. even ahead of michael jordan. last night kobe bryant want to enter an event for courtside tickets sold for $26,000 or it will be buried at career with the lakers are from 1996 through the 2005, 2006. he averaged around more points three and 24. he said a bid to pick one number to retire it would be 24.

>> thank you guys so much. i love you. what a showing. last night, l.a. lakers president magic johnson of corzine and speaking to the crowd and so was his longtime teammate shaquille o'neal. lamar odom was fair. other laker legends like i know you, you are kareem abdul-jabbar. a line in the movie airplane. byron scott. sent out this post on instagram to his champion. last night treated appreciate the inspiration. in case you didn't get to the game but want to drop some serious bitcoin, costs only $8024. it features an 18 karat gold. great ceremony, fourth-quarter kevin durant had the chance to win it for the warriors.

put up a three-point come up with a new good overtimes. kevin durant is going in the warriors would win the game. monday nights of all but the violent scenes first in the nfc south. atlanta holds off tampa bay by a field goal 24-21 but the last-second field-goal attempts. generosity from the baseball diamond. love this story. pitcher for the texas rangers and his wife, heidi donated for misery. that goes for a $9.5 million. you are donating this you can't burn the base. camp barnabas is a nonprofit, which sends kids with special needs in chronic illnesses. over 100 acres of land he and his wife heidi donating this.

they've got this a few years ago and now it's going to be a camp for kids. lauren: jared, what a good story. fox news headlines sirius xm channel 115. gerri: it up to outlook in europe. the latest from london straightahead on "fbn:am." ♪ of the ibm cloud. the cloud for business. yours.

lauren: european mergers and acquisitions right here in the u.s. river gold from "the wall street journal." good morning. this is a pretty unusual trend. it seems as though a booming economy, rising strap prices and feeling a bit of a surge in european this year expected to continue next year as u.s. says that although little bit sitting and waiting to see what happens to taxes. >> we did see a lot with the snack company here in the u.s. but they also wanted to ask you quickly how tax reform here in the u.s. affects european investors. >> it also has an opposite impact. in europe places like deutsche

bank and jpmorgan are talking about stocks with a lot of u.s. sales exposure in europe they pay higher tax rates and could even possibly benefit of the dollar gets stronger and tax reform. lauren: riva gold, thank you very much. gerri: dagen make dallas next. dagen: i just saw neil cavuto downstairs and he said aren't you running late? if you make a bad 600, you are not late. we'll see you both later in the morning. i am dagen make golf in for maria bartiromo. choose a come december 19th. 6:00 a.m. eastern. time to vote on the federal tax reform bills with the senate expected to follow suit. later in the