ashley: if we stay away from tweets and headlines we're in food shape. stuart: walk a way from political distraction and. liz: this is the best performance six, seven years for banks. stuart: we're up 245. my time's up. neil, it's yours. neil: stuart, thank you very much. we're in washington, d.c. this is tax day as you all know. republicans like to remind you this is the last time you are paying at higher tax rates. a reminder to put the best foot forward and tell americans big tax cuts are coming. it will be noticeably different next year. all of this comes at a time we're getting mixed indications how the public feels about this we'll hear from mitch mcconnell later on. he will be a special guest on "your world" on the fox news channel. the guy at epicenter on all of this, what they will mean for the economy, trying to remind fellow republicans to get the word out they are going to do a

lot of good and reflected in a lot of good earnings as stuart told you, at the corner of wall and broad it is off to the races. one company after another, particularly from the financial sector enjoying a the bang for the buck. doug collins from the beautiful state of georgia. thanks for coming. >> good to be with you. neil: what do you make ever the polls including one in "wall street journal" majority are still not buying these that they're the elixir. >> part of the issue is there is a lot of mixed press on it, neil. when you have democrats going out it being crumbs and downplaying it they know it is not best interest for the election process. last year of having to file the old way. they're still seeing some of what they had to deal with. they understand we had the best workers economy, best innovation here in the u.s. but we have the worse tax system. we have one more day today to finish that out. that is coming in. we to tell the story. this is the end. we're looking forward to next

year. neil: congressman, different studies are out. one a third of americans have actually seen it in their paycheck even though statis click i we're told 2/3 have. if half the many are seeing it or believing it how do you get the word out that more are benefiting? >> i think it is, when it take, all polls are really a snapshot in time. they take a moment in time. this is the way i feel. what we're finding when i travel around i travel across the country you start seeing companies like in my district, marvel, other larger companies make it personal to their employees. they're seeing the expansion and seeing new money come in. checks are larger may be taken up in other things or benefits being answered. that is where you personalize it. for republicans we have to personalize these stories. this is how the economy grows. when we do that, we win. neil: are you surprised that isn't resonating? we pot news another prominent republican, counterpart from pennsylvania is leaving much

earlier than expected in a few weeks as they redistrict things there. that 40 republicans leaving lead by the speaker not opting to run for re-election, what do they say? what are they worried about? >> some are term-limited out as chairman. they have been here a while. they want to go home. this is part of the american experience. they talk about term limits and turnover. since 2010 we had well over 50% turnover. that is a good thing. neil: you don't think they're getting out of dodge? >> if they are, they are going to miss the cherry on top -- neil: you heard about the blue wave and everything else despite the tax cuts, they're not resonating. americans have had it. fiscal stewardship is such that republicans haven't held to their credo of watching spending, it is out of control. you have been a critic of that. >> yeah. neil: are you worried there will be a big ol' blue wave and you will get swamped. >> the blue wave crumbled in october of 2016.

if we were talking about blue wave, we were talking about hillary clinton. >> very true. >> donald trump overcame all of that. i hear it from people on tv. there is not a difference, we have the deficit. if democrats are in control, would we have the tax cut? no. if democrats were in control, roll back of regulatory burden from washington, d.c.? would we have military spending built back up the military which where they do what they need to do? would you have emphasis of economy and jobs and companies say we want to build in america, would you have that under democrats? no. the answer is no. when you talk about the differences you have to be hoppest with the difference. we may not all get to a certain end, i want to see deficits lower which i do, i will like to see spending lower, i do but i like ronald reagan. i want the 80% now. and get the 20% later. neil: that the president is reason they're not doing better that he is on the ballot? >> i think we're always on the

ballot. this president has a lot to look back. he looks back at economy growing without him would be worse off. >> we may disagree on some things and disagree things go about it, but he brought people to the table who had been disenfranchised. go back to the election, if they want to election coming forward, when they had everything going for them and this president went to people are you better off? don't you believe the government should fight for you? he head asnant tone and i go to the waffle house or grocery store, number one support the president and y'all get it together in d.c. when we make the personal and local we understand what is benefited from up here. also the fact we're trying to move away from d.c. and get to the people where they can do the jobs and hopes, dreams, ideas they always wanted to do. neil: there is talk that the president will make inroads with the chinese on this trade situation. you have been concerned this erupts into a trade war. do you still think one can be avoided?

>> i think so. if you understand the president, which he has done such negotiation, he starts out with negotiation lear is where i want to be. that is good way to look at it. i'm from ago cultural district, there is always concerns. in my district, chicken is one always gets hit and we're poultry capital of the world. we've seen chinese officials say maybe we need to look at this. they understand, china understands i've been there, they understand they move into world leader they want to be they have to be more of a world player f you're simply going to take your own role they will not be there. neil: congressman collins. glad to see you in the flesh. >> thank you. neil: thank you very much, sir. to the congressman's point, that is prevailing sentiment, republicans feel these polls do not reflect reality on the ground with voters what is happening in the markets. a lot of people are feeling richer in their wallets and that is not just the kind of thing that comes out in polls.

to the congressman's point, not the kind of thing reflective when you talk about sentiment out there and the polls are wrong in 2016. they will be wrong in 2018. no way of knowing thus far. you've seen some of those numbers that show appetite for the tax cuts, while people appreciate them more than when they came out of the gate, they kind of hit a ceiling of about 44, to 45% support here that could change. let's get a read from the national taxpayers union senior fellow. we have dave maney of deep digital. dave, i'm wondering, you're seeing this, looking at it, the street reaction they like it to the congressman's point a lot of republicans rallied around this. will it resonate at polls in november? ultimately that is what this will be scored on, that voters reflect their positive views to this and their appreciation for this in november, will they? >> i think people will appreciate it, neil. look i think the economy is humming along and as we've talked about before, my own

opinion is that that humming alongness is more about the regulatory relief which makes people like me who are entrepreneurs become more aggressive and feel we're not fighting a huge headwind. the tax changes i think are pretty, kind of adjustments around the edges particularly for the big middle class. so i don't think that is what's moving the dials but when you look what that means in november it's, you know, my guess is people, we'll be going into a november election with people feeling pretty good about the economy. that is probably a break on that normal midterm snap-back that will be coming at the republicans. neil: all right. by the way, mattie is not here. i apologize for that. dave, back to the subject how it is being reflected on wall street. we knew a lot of companies this would be the first quarter where tax cuts factor into the numbers and they are impressive. if we now assume that we're going to see this 16 to 18%

year-over-year return and even with that, it is, it won't be enough to follow through here. what is your sense of it? >> you clearly have this upward pressure on interest rates that is going to be acting as a break. yeah, there was this kind of step function jump in corporate profits because of the tax changes. that's great. and markets revalued or revaluing for that. now you come to this point where you know, we are in fact pushing this 100%, we're headed toward a 100% gdp to total national debt ratio which is terrifying. and there's no economics class you can take which that doesn't put upward pressure on interest rates. upward pressure on interest rates is going to act as significant barrier to consumer spending and housing investments. so the headwinds in my opinion are finishing.

the idea it was all forward push on the tax cuts that is just not right. neil: you know i'm wondering we're talk about interest rates that could back up and that could derail a lot of this. we haven't seen a dramatic backup in rates but that might be in the future but if you had to play this by sector, dave, how would you do it? financials look strong. technology stocks as a sector are suddenly coming back facebook notwithstanding? if you had to place this money in this new market environment wherever you want to call it, where would you be? >> you know, neil, i've got a world view that says we're living through a significant economic revolution that is powered by information and technology and it is going to keep happening. and the smartest people that i know from the technology business are all very much in a quiet way believe, you know the phrase i would say is, you ain't seen nothing yet.

so we're seeing is platform development and tool development and when those tools really soak into the economy, the efficiencies and the changes and dislocations but the, but the potential for corporate profits in my opinion, you ain't seen nothing yet. so that's the idea that buoys it. to me that is a decent pleas to kind of place that faith or place that bet. neil: dave, thank you very much. food seeing you again my friend. >> good to see you. neil: by the way there is another issue they're focusing on today besides the trade situation, i stress some signs of progress with the chinese on syria. a partisan move in the united states senate to rein in presidents of either party who go to war on their own or strike syria on their own. the read from mitch mcconnell on that effort because he is not too keen on later today when we sit down with him on this tax day in washington, d.c.

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neil: all right. welcome to washington, d.c., everybody, i'm neil cavuto. this is tax day. this is also debate how we're spending or money today if you think about it including this latest syria strike on the part of the president of course leading british and french forces as well. there are a number of congressman and number of senators more to the point, saying you have to check with us on this measure. senator tim kaine, democrat of virginia, and support bob corker, republican of tennessee, introduced a proposal would call for the president checking with them first of either party when they launch something like this. senator tim kaine saying for too long congress has given president as blank check to wage war. our proposal finally repeals those authorizations. now again, that is in the eye of

the beholder. other people say it would limit the president, this sort of thing going forward and it could do more harm than good. greg keeley, former u.s. navy information operations officer. greg, what do you think of this effort to say to the president, democrat or republican, no, no, not so fast, we want to rein this in because this is getting to be a normal procedure and we don't like it? >> neil, my friend, good afternoon. i'm not a constitutional lawyer. obviously i'm not that smart but it seems to me the president should have the ability to protect the interests of the united states without having to go through the process of congress, without having to advise the senate. i have a lot of respect for senator corker, a tremendous amount of respect for him as foreign relations chairman but i think in this instance he is incorrect. neil: what they seem to be saying, greg, it is one thing to launch a military strike or missiles in coordination with some of our allies.

they seem to be saying it better be one and done. if you're entertaining this again you have to run this by us. republicans were of the same mind set when barack obama was president. the famous red line was redrawn when president obama said at the time, i'm going to throw it in your lap congress, and they never voted to authorize that force. what do you think of this? >> neil, they just defeated their argument in your statement there. if you think back how much of a disaster the obama red line in the sand was, it was feckless, toothless threat he never followed through and be a bro gated responsibilities throwing it in the laps of congress. congress did nothing about it. for congress saying give us another chance, we'll make it work this time seems to be a silly notion to me. neil: it is interesting to me theresa may is in britain is dealing with the same grief from parliament. wait a minute, madam prime minister, you have to watch it.

there seems to be a recoiling going on here. i venture what you're saying, if we had to strike again or proof that bashar al-assad was using chemical weapons again you would be okay with it? >> absolutely. the president is not just waking up and say i will throw a tomahawk missile into damascus. he is consulting with general mattis and consulting with the state department and they're coming up with a strategy. they're the experts. while i respect senator corker enormously they're not. they're half the time not even in congress. how will you tell them when they're sitting on the porch in tennessee? it is just not going to work. neil: i see where you're coming from, greg keeley, thank you very much, joining us out of atlanta. we'll be talking to rob portman about this, the ohio senator. also mitch mcconnell later on on "your world," the senate leader what he makes of this, but there

is a bipartisan effort here now to sort of rein in the president's hand on taking actions against any foreign country, no matter how limited it is. rand paul supports that. mike lee of utah supports that. a host of others do. with this back and forth how the senate leader responds to that a big issue today. we'll chat with him later on. meanwhile you've been probably hearing all the fuss about netflix. remember when this company was coughing or staggering to its death a few years ago when it increased pricing, tiered pricing for some customers. back then at the time it had 20 or 25 million users. right now worldwide, 125 to 130 million users who are downstreaming all those latest cool shows. never mind the budget runs into billions of dollars. right now that is getting to be increasingly the market cap of this sensation that was given up for dead. netflix on fire, taking a entire

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neil: this is tax day and for a lot of folks who are filing on the last day some problems being reported by "the washington post" that the irs's electronic system that allows americans to submit their tax returns online partly failed today. that obviously complicated things for millions of americans attempting to beat the midnight deadline tonight. remember you have to file tonight or they just drag you to prison. they don't drag to you prison but they do think about it. we don't know the source of this or the problem. the irs plans, according to "washington post," what always works, turn the computer off and back on with a hard reboot. i thought i was only guy that did that.

if we get anymore on this and how it could be complicating things for you, this could be your excuse de jure, if you're a little late, i tried, i tried. didn't work. with us mark luschini, janney chief investment strategist, what is going on with the markets and particularly with technology off to the races. netflix the latest reminder of that. amazon coming back with a vengance here. mark, we were getting concerned after the facebook trouble that the so-called "fang" stocks and the other guys would take it on the chin. if so that was short-lived taking it on the chin. they're back with vending against with netflix up 10% alone today. what do you think is going on there? >> neil, for us the continuatino of the same thing we've seen in the tech space, last year's number one sector performer to all 11 sectors. it's a sector demonstrating terrific earnings growth. valuations of some stockses in

the tech sector, some in the fang grouping if you will, support rather lofty valuations which demand perfect news and make them vulnerable if you encounter a regulatory hiccup like facebook is facing or concerns about amazon becoming a goliath and monopoly in some ways. otherwise it's a sector with really strong earnings growth and whose valuation in the aggregate is not out of character with regard to the market at large and so investors are paying and willing to for that growth. neil: they have been richly rewarded for buying these stocks on their dips, right? and the argument has been in typical rallies in the past i guess you move from one sector to another. in other words biotech squeeze all you're getting out of it, you move into the financials. financials squeeze all you get out of it, you move into technology. technology is a consistent player of this bull market particularly the last couple of years. when facebook was getting hit, amazon was getting hit, maybe

these guys had their fun in the sun. you're obviously not of that opinion? >> that plus, remember it's a big sector. it is 25% of the s&p 500. it is highly nuanced. within tech you have semis, a leadership group for quite some time. that is feeding into obviously gadgets, technology in the form of cell phones and other things from automobiles to household appliances operated by expanding roster of chips. of course you know that there is defensive technology companies like a microsoft that tend to be in that software technology space that benefit from cap-ex which we've seen growing upper single-digit annualized rates over the last year-and-a-half or so the windfall from business spending is augmenting what the consumer is spending across the tech sector. you've been able to rotate even within the tech sector to groups, some of which are higher beta than others to take advantage of market opportunities without necessarily being locked into just one and have it sort of be any kind of a symbolic move with

regard to tech at large since again it is so widely encompassing. neil: you know, mark, is your view on technology for young investors who want to get into something they do understand and they do like and that is technology, that now is still a good time to get in? it has been appreciable run-up. you can buy the qqq, a proxy on technology stocks. you can buy a host of other vehicles geared to technology stocks, so many technology funds but they're still a good strategy there even with the crazy run-up? >> neil, i think that is a great point. i think the answer there is true, yes. warren buffett was always somewhat hesitant into technology because he wasn't sure who it would render obsolete, because who is changes. peter, said buy what you know. if you're particular user after cell phone, or technology around the technology around the

household others like you, investigate, do a little homework up front. neil: i'm here in washington where they love to regulate things and they have been kicking that around ever since mark zuckerberg was here from facebook. i know when i talked to steve balmer, the former microsoft ceo he was aware of that storm brewing and, you know, he didn't judge it one way or the other, but it is just, you know, something you have to take into account when you look at these issues because uncle sam will be looking at them too? >> i think you're right. and at the same time i think these businesses, while perhaps not so much like a boeing that has a pretty wide moat, do have a moat, what else will you use in lieu of facebook if you chose to avoid that to come into another social media platform. there isn't really anything. facebook is making money. they're profitable. the valuation is not that rich and they have $42 billion in cash. an opportunity for mark

zuckerberg when he was brought in front of congress, the stock dipped down to $150 a share, proved to be a buying opportunity, not a more nefarious move investors should have avoided. neil: you're right about that, mark, thank you very much. good to see you again. >> thank you, neil. neil: the president is not in washington. he is in mar-a-lago in florida where he is meeting with the japanese leader shinzo abe. he has one of the distinguishing features that his approval ratings are lower than president trump's. that people are getting fed up with their respective leaders. financial times, they're all at or near session lows for them, trudeau in canada, theresa may in britain, obviously macron in france, all well off their highs but abe is feeling the real pinch. of all the major western world leaders is he looking at 24% approval rating. our president a little bit north

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neil: i want to bring you up-to-date on incident going on in philadelphia. this involves a southwest plane had to make emergency landing there. it apparently had a damaged engine. helicopter footage earlier showed, the engine on the left side exploding. passengers on board posted over social media that the plane was en route from new york to dallas when this happened. made an emergency landing. one woman posted something is wrong with our plane, something is wrong. it appears we're going down. emergency landing, help. she is okay. they're okay. one woman was taken to the

hospital. she is expected to be okay. made the emergency landing safely. can you imagine if you're on that thing, engine explodes in midair. it is a cause for concern. they're trying to find out what the heck happened. we'll keep you posted on that. separately we're getting word on this day, irs is having online problem with the computer taking in a lot of returns filed in electronically this day. millions are this day. the busiest tends to be on tax day itself. people wait until the very last second. a lot are having problems. the irs is getting back saying weir on top of that. they're rebooting. the irs according to "the washington post" rebooting their computer system. the marvelous thing about that they're doing what we're told to do with our computers, turn it off, turn it back on. everything will okay. that doesn't mean you dodged paying the reaper. you still have to pay your taxes and try to file and they will by

hook or crook make sure to find a way they get your money. on this the irs gets most of its money. a record amount of money expected to hit washington. a record $3.3 trillion. that sounds like more than enough money to fund the government. unfortunately they take that money, and spend some, likely more than a trillion more than that in next year. we're spending trillion more than we're taking in. a source of great concern to rob portman, republican senator from the beautiful state of ohio. very good to see you. >> thanks for coming to see us. don't get potomac fever while you're here though. neil: i don't think you have to worry. that is wild, how is that possible, all of this money and still isn't enough? >> by the way the tax cuts which you know i strongly support and worked pretty hard on will result in more economic growth. and based on projections more revenue coming in.

that is what the projects are. >> you're right. you and i gotten into this before, a lot of people bemoan how you pay for the tax cuts. they don't say boo of nine or 10 trillion in spending added last 10 years. i understand your frustration. i understand tax cuts will incite more revenue. but they are still not popular. "wall street journal" poll says, americans are still shaking their heads. >> i wouldn't think it is a good idea if watching the mainstream media. it is misrepresenting the truth, 90% of the americans looking at paycheck with holding are saying. neil: the survey said a third are. you don't buy that, a third are seeing improvement. >> no, it is 90%. that is what the treasury department told us. that is accurate. it may be 40 bucks every two weeks in a pay period. for some people it might not seem like a lot of money that

adds up. ohio, median family, 70,000 bucks, two kids, 7,000 bucks this year. neil: are you troubled, maybe to your point, you're quite right, 2016 polls got a lot wrong. could be getting this wrong, that there is frustration level a great blue wave you hear a lot about. just today another republican congressman saying he wants to leave now in the next few weeks, congressman depth -- dent for separate reasons that makes 40, 41 republicans leaving including speaker paul ryan. are they getting out of dodge before being forced out of dodge? >> i think in terms of the tax relief bill. people looking at paychecks. it helps them. polling changed quite a bit. it was when it was first passed much less popular. the second part you're seeing business tax relief taking hold. i was at a company yesterday, headquarteredded in my hometown of cincinnati.

they asked me to attend. they're doing all kinds of things to help employees. 401(k) matches. continuing education program, 3500 bucks for a ged or mba. in terms of giving discounts to their employees. others are doing bonuses and pay increases. health care improvements so this is happening out there and i think people ought to focus on what is actually happening in their lives and bigger paychecks. neil: what is the problem? marketing, you're not great on marketing? >> democrats are misrepresenting it. neil: democrats say, nancy pelosi said other day as you know, senator, when democrats come in and take the house, they will rip this thing up. >> tax increases. well, i think voters of america including in districts that you're talking about might be swing districts will have to deliver that message, understand if the democrats take over in the house and senate they would like to increase your taxes and make america less competitive. you talked a lot about this for years now. our country is living within a

tax code that didn't let american workers compete with workers in other countries. because the code drove invests oh seas. now those investments are coming back over here. that will in the long term make a bigger difference helping economy and workers in my state and middle class families all over ohio. neil: maybe the president's legal battles and bob mueller investigation and his personal lawyer, maybe that is drag you guys? what do you think? >> people sometimes think this is the trump tax proposal, they will say what they think in terms of donald trump. he was helpful on this he supported it. president obama, i worked with for eight years to do something like this. he wasn't willing to dot kinds of things to get it done. kudos for president trump getting it done. this has been a congressional project for years. i worked on this for a dozen years. neil: the president's travails that they get in the way of things they want to or blind people to the things you are doing. >> i do worry about it because i don't think it is good for the

country. focusing on a tax bill that improves wages that is what happening by the way. health care costs situation under control. neil: those are real issues. >> we're getting distracted. neil: that the president, given his frustration where this investigation is going, might be tempted to fire bob mueller, might be tempted to fire rod rosenstein. are you among those of your colleagues urge protecting mueller, etched in legislative stone that you can't fire him? >> that would be a bigger distraction and would be a big mistake for the president to do that. let mueller do the work. let him follow the facts where they lead. maybe sure he does it in fair objective way. let's not continue this conversation about firing the special counsel. i think that would be better for the president. neil: a lot of people say given the fact his personal lawyer's office that list home was raided and office was raided and this has gone off kilter he would be

justified ending. your argument he would not end it. you compound it. >> think i this should finish their work. let the american people know about russian meddling. neil: this is just beyond looking at russian collusion? >> i can't know nor could anybody else, other than the people who are involved. mueller is a different sort of prosecutor in my view than ones who came before him than mr. comey. he focused on objective analysis that has been his reputation. he happens to be someone that worked for republican administrations in the past. worked well with them. let him do the work. let's tell the american people what is going on too. there is a lot of concern that this process may go on too long. let's come to the conclusion, make a report. i do believe from what i know from the intelligence agencies that the russians did meddle in our election. i do believe we need to find out what they did, when they did it

and we can avoid it in the next election. neil: we promised after the raid in syria, senator, we would slap sanctions on the russians. we held back on doing that some cynically said oh, that is because the president doesn't want to rattle vladmir putin even though of course even though he oversaw the raid. do you think sanctions are appropriate for the russians. >> i think they are and can be targeted and nikki haley focusing on arm sales. neil: right now they're being held up. >> this president has been tougher on russia, let's face it, looking at this objectively than the previous administration. he put sanctions in place. he tightened sanctions. allowed ukrainians to have lethal weapons to defend themselves which the obama administration never did. in syria he responded to the red line which made russians very upset. he responded to what the uk wanted him to do. neil: have the president run by congress is he entertaining

another raid of any sort on syria? >> i think he had the right to do it under his inherent powers as commander-in-chief and under existing authority, amf. the thing is 17 years old. we ought to update it. but i think he was able to do it. i was glad the uk and french jets were part of it and ships. i think it is important to make this international. i would really hope, neil, that he would bring in the united arab emirates, the saudis, the jordanians, the egyptians and others to join in the coalition. it shouldn't just be about us and our european partners. neil: finally i would be remiss if he didn't mention james comey. he is on a book tour an mother things he said the president is morally unfit. >> i'm not big on kiss-and-tell books from public officials and particularly in law enforcement. i haven't read the book. i have heard reports of it. neil: sound like you don't

intend to. >> i'm not interested in getting distracted by that. frankly trying to promote what we're doing here, better health care policy, energy policy tax reform. a lot of things on our plate right now. infrastructure, stuff you and i talk about, you've been great on your show, focusing on substance what is happening here helping people we represent, senator portman. always good seeing. >> you good seeing you. neil: senator senator rob portm. in the meantime we're finding out a little more about the irs snafu. when senator portman hears about stuff like that heads are going to roll. we hear larry kudlow, white house economic advisor is top of it. saying this will be solved. irs is on top of it. send your tax money, around don't think of not paying your taxes as a result. he didn't say that. that is the message from the irs. if you have any problems there be reassured. irs will reboot the system, turn it off, turn it off an everything will be fine. that is from the irs, taxing though it may be. more after this.

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far from here right now, outside the capitol railing against tax cuts saying democrats get back in they will change a lot of things, including ripping up the republican tax plan. republicans to a man and woman are saying that will harm the u.s. economy. i don't know where my next guest stands, he is for fairness for all. congressman emanuel cleaver, financial services committee from missouri. food to see you sir. >> thank you very much. neil: nancy pelosi is not talking about crumbs anymore, she is saying this thing is was and bad for the american people. do you agree? >> so far it appears that the major corporations are using significant portions of it for buyback and for you know, investments into the company and so forth and then and third, or forth place comes the individuals who are getting somewhat of a tax cut and i'm, any amount of money more than what you have is good. i think that the problem we have

now is that the polling is not good for the tax cut. neil: stronger than it was but it's hit sort of like a crescendo, half support. >> yes. neil: you think that is issue democrats can campaign on? reason why i mention it, congressman, a lot of your colleagues, two in particular, from nancy pelosi, and couple of other democratic senators who made the point, it could be more. in other words they could be more. but, tell that to someone who is getting 1000 bucks from his company or seeing a little bit more in their paycheck, do you risk alienating voters who are told this is, it is crumbs? >> that is the dilemma. neil: yes. >> because, and that is why i said a few minutes ago a few seconds ago -- neil: cory booker was name came to mind, new jersey. >> when someone, when you downplay somebody's increase which is significant to them, they're not going to be quite

happy. here is the other thing, there is a lot of talk about what will happen in january. i think a lot of it is contrived distraction. if you're going to have rabbit stew you need to first catch the rabbit and, i think, you know, talk too much about the stew. we have an election to win. i think that is where the energy ought to be. now i understand that our side wants to have something that we can use to demonstrate our greater fitness for the leading the government than the other side. neil: well they're using nancy pelosi as, republicans are the target. >> yes. neil: do you think if you got the majority in the house that she should be your leader? would you vote for her as your leader? >> i just wrote a piece where i talked to democrats about avoiding that, stay away from that whole issue because we got

to catch the rabbit and -- neil: i read into that that you would not? >> well, i think nancy pelosi is a historical figure. she is responsible in no small part with the affordable care act. neil: but she should hang it up? >> no, i think that if the democrats should win the house back it is going to be difficult for i think anyone -- neil: what about you, you running for being leader? >> you know, my goal in life is not to be anybody. i like -- neil: a little late for that. >> i like to work on housing, and insurance issues and i'm very, very serious about it. i grew up -- neil: no interest in leadership? >> none whatsoever. someone asked me last week after the democratic caucus meeting and i said to him, i don't want toby -- to be anybody. i want to be on the committee that deals with housing. if you saw the house i grew up in you would understand why

that's my number one goal because there are other americans living in similar circumstances. so that is what i want to do. do i want to support some people who are going to be good leaders? yes. i don't know who that will be. i don't know who will run. neil: what if they ask you? >> they are not going to ask me, because i'm too far pushed away, self-pushed away from wanting to be any person in leadership. i'm, you know, i have been in government long enough to know people come before the cameras, when you ask that questions. they pretend. neil: i put you down as maybe. i'm kidding. >> good to talk with you. neil: we always get the best from both sides from this gentleman. he tries to work with both sides. it is possible in this town. we'll have more. as a control enthusiast,

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sure into all right. the irs is having problems getting your tax returns elect sonically taken to them. i don't know what the problem was our raise. i know they are on top of it appeared larry kudlow has told them to get on top of it and is optimistic they will nr. gerri willis with all of that. reporter: you've got that right. i just got a statement from the irs that child's name is currently, certain irs systems are experiencing technical difficulties. taxpayer should continue filing their tax returns as they normally would. no surprise there. they don't want you not to file because you're having problems. the electronic system that

accepts filings and as you know so many people now file online and they filed via software. concerns about how those people can smile appeared we first learned of this from david kotter, iris commissioner who apparently told the house oversight government reform committee that there were issues and testimonies. not a lot of details they are. they are working on this issue i am told and trained to resolve it as best they can. as we sit here, if you are thinking today is the deadline, maybe not. well come you better go ahead and file because the irs wants to see your money. they collect three points $4 trillion last year could probably doing the same or more this year. you better get on it if you haven't already. the irs having big problems. we'll continue to follow the story and let you know any details. neil: gerri willis, thank you very much.

they are taking a lot of money. a lot of those games and people have made in the markets are translating to revenue and watching about $3.4 trillion worth. the problem is it's been almost a trillion dollars more than that. that's a problem according to my next guest, representative dave brat virginia member was then the wave of one that toppled. that was then. this is now. >> great to have you guys. neil: one of your big issues, what got you to power is what is happening and there's it few trillion more in debt. what's going on? >> to spending more than anything else represents this one. we did tax cuts and that's producing economic growth that will probably pay for the tax cuts. the cbo said we will grow at 3.3. that is only half of the problem. the other half of the problem is the spending side and we've shown no ability in on your show

recovered earlier last month the senate if that were not even going to do a budget next year. and so that is their only ability to do big powerful republican policy. the house passed a budget. we still have big deficits. but we are trying to contain it someone and to get the nine senate democrat votes we had to we had the pleasant up 400 billion. that was a widely reported. some of the financial shows like you guys get into the weeds, the very few of you got into that negotiation. to get the nine senate democrat vote. earlier in the year, the biggest bloc of democratic votes as for the caucus budget. 107 votes and they wanted to increase taxes $10 trillion. people won't believe that is true. today policy and schumer are out there marching to increase your taxes. neil: i do know she is still speaking outside.

rip up the tax package now, start from scratch. do something that benefits more average folks and not your rich buddies as you say. >> i'm the only guy that got a pay raise when i came up here. a liberal arts professor teaching economics. i'm not beholden to anyone. i ran for the small guy. neil: you are thinking in your district. >> well come and that is the problem. it's just political right now. neil: you are you worried about the wave? the 40th republican announcing . i don't know the full story there, and that it is a conga line. what's going on? >> welcome its route. it isn't on a policy debate. it's all in politics and cnn is wall-to-wall breccia investigations. all this controversial stories. neil: are you watching cnn? >> once in a while i turn away from your show. just for a minute.

no obamacare debate. premiums are through the roof. immigration our governor ran as a centrist. no sanctuary cities. last week he because a bill. now we have sanctuary cities in virginia. i don't think virginians get what is coming their way. you google paris and amsterdam and london and take a look at what immigration policy run amuck looks like. it's not pleasant. turn into what he think the president's effort to look at the $1.3 trillion package and start rescinding a lot of it. some of your colleagues worry he doesn't have the power to do that and shouldn't do that. it's a slippery slope you say. >> is that you're already hearing the pushback duty should obviously do that to the budgets out of control. spending out of control. he was going to trim away a little bit of existing money. not really after spending reduction. tranter the 1.3 trillion, and a

couple tens of billions. >> at not really can move the needle. >> it's nothing. the senate today, the budget committee, enzi said we are so out of control he might not even write a budget. tranter is also talked about taking his committee out. what does that prove? >> you would prove spending is out of control. we usually try to write budgets that balance in 10 years and this will show we can get there. neil: this is the whole thing republicans are going to stop. you weren't elected responding to physical abuse and all of that and americans party collectively in trouble on the polls hasn't lived up to what is supposedly all about. does that bother you americans are saying it works for the democrats? >> it doesn't bother me because philosophically we are right. mitch mcconnell and paul ryan have to explain this. our party wants to hold the line

or reduce somewhat. but not enough. the blue wave actually in the midst of this anxiety and anger in foul language spewing all over the blogs, they want to increase the size of the federal government. the very thing that's probably -- neil: you made the government bigger? >> i was a dead know. tranter republicans the biggest it's ever been. >> we need to offer up an agenda before november. sure into riotous start running elections so use out. you have a candidate for that job you think would do a better job of addressing your concerns? >> i try to keep away from the personalities. there's nothing wrong with the create except we don't follow it. i'm going to put down with the freedom caucus hopefully some principles. neil: was someone from the freedom caucus, maybe yourself be running for that job? >> jim jordan is willing to put his name forward.

neil: steve scalise is the name most often mentioned. you're not keen on? >> i just funnier responses. paul ryan will put the goodlatte bills on the floor and pass it sowed democrats want daca. we gave them daca another running away from that. they want political issues instead of solving problems. we need to tell the american people the democrats are blocking. neil: do you think it would be wise for paul ryan to step down now to get a new speaker now while you guys are still in charge? >> paul has the conference unified. he's got to move forward a positive agenda. the goodlatte bill. neil: i know that. it doesn't look good for you in november. that could change to your point. >> i would rather avoid all the drama. this town has too much drama. luscious to economics. skip the drama.

balkan leaders on the goodlatte bill. that's his life's work. welfare, social security, and making big fixes on the entitlement side. 75% of the budget. tranter the president is concerned about the spending as you are? >> he's upset with the omni bill. we need him in the bully pulpit explaining the number one threat to national security. the debt bomb. sure into i don't see him alarmed by it. i know. he needs to show that more. especially on the mandatory side. those programs are installed in your medicare and social security in 2034. if we don't fix them, the kids don't get them. talking about compassion in the dollars. if you're really compassionate, you want to keep those programs for the kids over the long run. that's a political bomb and so everyone's got to get behind the

door and say i think were capable of that. tranter economics professor, dave brat. monica john layfield in his read on all this. the congressman is pointing out a battle royale. not only between the parties, but within the parties among the democrats, moderate and liberal ways. nancy pelosi, obviously wants to address a lot of these grievances on taxes. to the congressman's point, those republicans okay with these ballooning deficit. there doesn't seem to be a lot of cooperation. is that a worry for wall street? >> absolutely. it's the easiest to see it than we've seen in history, certainly our lifetime. the u.s. debt crisis will happen at some point. it will take 15 to 20 years to manifest itself, be a dead stubble under president bush and president obama and we are still running trillion dollar

deficits. there's no difference between the republicans and democrats as far as spending. this gave everything to everybody. there was absolutely no fiscal constraint. they are mortgaging our future on the fact they simply want to get reelected because whoever cut the budget cuts a trillion dollars is not going to get reelected and that's all they're worried about. neil: you know, if wall street houses, funny way of showing it. led by technology, stronger than expected earnings to the congressman's point on the lower tax cuts and all sorts of ways, including much better earnings numbers. how long do you think that will continue with and how will that be a buyer's back? >> i don't think the first thing that will hit us is the debt bomb. the first thing is automation. we lost 8 million jobs to automation and with automation itself, that is going to be a huge problem we will face in the next three to five years. that is the biggest wave coming.

not necessarily the debt on, simply the advancement of technology. train to the has admitted he is going to figure china to be a manipulator. you know the drill i'm not better than most. if you can read your currency and make it weak, you cannot easily do much better in trade. ironically, the chinese ran a trade deficit with the rest of the world, but a big old surplus with us. it sounds like an impossible fix here. but what is that? >> i think it is chasing windmills here. demagoguery. we fix our currency as much as the chinese have done with low interest rates. ours is artificially low for years. not sure what rate we have and i'm not sure this is not just going after the one bad guy out there. there currently is china right now. neil: would we get the chinese to blink on autos that he might do something with the chinese

premier to allow more american companies in, sell their cars in china, not necessarily with the local chinese car companies is i guess as in the case for many of them. that would be a big step forward, would it not end with the president, would you deem that of the tree at that point that the chinese have blinked on that crucial area? >> i redeem that a huge victory. general motors help replace 6 million cars in north america. they sell for .04 million cars in china right now. it's a much bigger market and a much bigger deal if you get the chinese to accept these cars coming from america. neil: thank you very much. our nations capitol here were of course it is tax day. revenues are coming in. they did have a stumble at the irs getting those revenues. if i know the irs, they will get that money and they look at those computers working to make sure you can go ahead and file. all of this at a time or

commerce is quite busy looking at ways to make sure that other branches of government is very, very accountable. the move of the united states senate as we speak to make sure the president wants to do anything like he did last weekend, he checks with them first. after this.

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neil: all right, the president is not in washington today. he is of course in mar-a-lago, florida meeting with the japanese prime minister shinto abbé who was a rock star and he was already looking to be on the verge of the longest serving postwar. any rent into a bus full of criticism and scandals and now he's looking at 24% approval rating, lowest among the industrialized western power leaders on the planet. significant lower than the president's approval ratings which have been moving up a little bit. connell mcshane in florida was the latest on how all of that is going to go. connell: at the really interesting dynamic to a prime minister shinzo abe. to your point much worse than what president trump is facing in the polls. this is the third time these two have not come in the second in

florida. the meeting earlier today when the president rode on twitter that i'm looking forward to my meeting with prime minister abe of japan working on trade and military security. more from the top economic advisers. >> president trump and prime minister abe get along quite well. it's going to be a lengthy discussion. it's going to be out exclusions from the tariffs on steel and market opening initiatives by japan. it is going to be about tpp will be on the conversation. china, north korea. connell: want to add a little bit to what larry kudlow just as good as out of a press briefing before coming over to the camera. i have to say he was not overly optimistic about rejoining, which you heard him mention. we will have to be convinced and then he went on to say i don't think the president is convinced. the other thing is obviously north korea we are told will be

the big topic today in the discussion between mr. trump and mr. abe comes as reports of the south korean media that the north and the south are actually talking about plans to add the permanent state of war existed between those two countries for 68 years. that is the backdrop of what's happening here. back to you in washington. >> thank you very much, connell mcshane. john negroponte, former deputy secretary of state. ambassador come i do want to touch on syria and all of that. i do want to touch on this meeting with the japanese prime minister. the japanese are a little bit ticked and that is putting it mildly, that the president hasn't eased up on the trade talk with them and that they have been a good friend and responsive and instead they are getting bad treatment here. is that right?

>> yeah, although i'd, although i was beginning to understand the limit on the go products involved or not it's important to japan as they were to some of the other countries in this particular case. but you've got to acknowledge the fact that mr. abe seems to have some kind of privileged place in his relationship with the president. the meeting three times as he sat down at mar-a-lago. i think they have very good chemistry. they met after he won the election. it is the most important single alliance we have in east asia pacific region. it is the linchpin if you will of our whole alliance system and not part of the world. this is an important meeting. neil: the president has indicated he wants to see some concessions of the chinese and the ambassador appeared they might at first indicated an area where they would be more flexible and that is regarding automobiles. now the idea of being allowed u.s. manufacturers to come in

without necessarily having chinese local partners that would strike me to be a huge commit them. but on the part of the chinese, you know, a big development. would you think? >> i think we need to be strategic in our economic relationship with china. they need us. we need them. the last administration started discussing a bilateral investment treaty with the government of china. that has been suspended in this administration. i think it would be good to get us started again to see if we can improve. many of the disputes we have with china could be dealt with if we were to have a good bilateral investment treaty with that country. neil: let me switch to syria right now. you are well aware on the bipartisan move to check the president on the foreign incursions like we did over the weekend would have to be done by congress first.

this move has happened every time we see a u.s. president taking such action on his own. where is this going? what you read into it? you endorse it? >> i would hope it doesn't go too far. i think under article ii of the constitution, the president has ample authority to respond to these kinds of emergency situations an emergency if the keyword. if you want to respond quickly to something that you have to go to congress and then you might have some debate tickets interfered with by political considerations. you certainly can't act as quickly sometimes it's you need to. i would hope it doesn't get very far. i think we need to give our president the flexibility to react appropriately as quickly as the situation might call for. neil: i think it was senator rand paul, bob corker. the former democratic vice

presidential candidate has that it's wanting to give the president a little leeway, but she don't want it gave him an unchecked to do whatever he wants. how do you prevent that, especially if there is a move the president might be entertaining to follow up if they assad were to use chemical weapons again. >> first of all, i don't think you prevent the president from doing that if he decides that is the thing to do. secondly, i think that is that the whole executive congress relationship is about. you have to have hearings, discussion spirit of god military leaders going this afternoon. that's the kind of thing that needs to be done. we have to have a broad dialogue domestically and between the relevant branches of government so we can reach the best possible meeting of the minds us to help to go about these things. neil: you are a different fellow to bounce this off of, but she'll indulge me because of the foreign-policy implications and that is the president's ongoing bumbler investigation that we're

wildly from its original course. being picked up in the press more than i can ever remember. i am wondering up what point a ways on how foreign leaders think about coming to you with us. what do you think? >> as a general proposition , when countries look at each other for political situations, and when they see internal stress of this kind, they are attempting to reach the conclusion that they may be a little bit less powerful than a little bit influential than it had been previously. this kind of debate reflects on our influence around the world and i think people may be taken as a little less seriously. not entirely so.

>> would it be even far less that the president were to fire bob mueller? would that invite a constitutional crisis or something that you think would be coming in now, an international quandary to report? >> obviously, i don't know when i'm not entirely certain. i can tell you one thing because i was already in government at the time of the nixon administration. i was abroad at the time he announced his resignation. a lot of people i talk to at the time thought that this was a sign of tremendous american political strength. our political system is the envy of many countries in the world because we were able to ignore that shock and make the transition and move on to business as usual not long after he had resigned. you know, it cuts both ways. neil: you are right. uniquely american. >> that is correct. absolutely. neil: ambassador, thank you very

much. i was appreciated. john negroponte. stocks are still in. the irs computers up and money to them instead. in fact, never before has the irs collected so much in taxes from you. thank you, america. that's not necessarily coming from the irs, but i'm sure they will send out a card. you are watching coast-to-coast on fox business news. to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife.

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neil: markets continue to advance right now. there is the worry about tax day in the government spending a lot more than we are giving them commend these guys are feeling it at the tax impact is real depending on where you are. again notwithstanding the dow for a lot of premier american companies today. if you are in a high tax area, if your business in a high-tech syria,, you are really feeling the pinch. reporting from illinois right

now. classic is an example. serve. >> indeed i've got a classic one for you. this is the oldest business in oak park, the suburb of chicago just to the west outside chicago. they make cement, crushed rock, but all of the tracks you can see on this tax day are silent. why? not because of income taxes, the property taxes. look at what this company is up against here. they pay for this piece property. $106,000 a year. in indiana they pay for the same pieces of property between five and $22,000 a year. it is crazy. one of the reasons why that is is because indiana caps property taxes on businesses at 3% of the valuation. in chicago, the tax rate is 7%.

in the suburbs where we are, 13%. how do you compete? in fact, indiana has the second-highest property tax tax rate in the nation. the income tax rate isn't so bad, but property tax is terrible only exceeded by new jersey, new hampshire. the lowest property taxes in the u.s. is in hawaii. just point to 7% in hawaii. of course they have high taxes on everything else and you get to live in hawaii. what does this all mean to illinois? a lot of people are saying gee, just had it. i can afford to live here anymore. look at the numbers on the illinois exodus. highest tax burden in the u.s. and what does that mean? 33,000 people left the state. that is more than any other in the u.s. this to the six largest state in the country. if we do the math on all this,

one person leaves every 15 minutes. that means censor broadcast started here on the fox business network today, six people left illinois. tough to make enough tax money when you've got people out the door not even paying taxes anymore. neil: it is very clear obviously it's a basic math issue. they are choosing a lot of these folks away. i'm sure parity wouldn't have to be the issue as long as it was lower. >> at coming to make the point that the income tax rate is not bad weird one of the lower state of those that charge income tax. the overall tax burden. the sales tax is tremendously high, too. each of these are individual governing bodies. the state summit counties, towns, all of it taken together is tough. i love illinois. i think it's a great state. tough to live here. >> well, there's got to be other

things. thank you. very, very much. thank you, jeff flock. the dow was down 214 points. tax concerns notwithstanding, this has been meeting on its japanese counterpart and they hope to strike some deals that would put the pressure presumably on the chinese. something the markets are looking for. meeting with the japanese leader later on today. all of this at a time the president has chosen not to necessarily speak so much about certain fbi director who i think has a book out. don't hold me to that. the wall street board member is here. do you think you should focus on this constructively he could control these economic trade issues than the stuff you can't like the guy selling the book. >> yeah, that is certainly true.

look at the things you've been reporting here about the effect of the tax reform. i'm not so sure about the president or even the republicans should be talking incessantly about the tax cut for tax reform, but the extraordinarily strong economy and what that means for most people is the incredible creation of jobs that are taking place out there. my own newspaper, for example, "wall street journal" has a remarkable story this week about how manufacturers across the u.s. large and small are going into high school recruiting teenagers to work in jobs where tech jobs involving robotics, advanced nursing. not hamburger flipping. but the labor crunch right now is so intense that the unemployment rate has plummeted for black and hispanic teenagers right now, and it is one third the rate it was in 2010. i think that is what president

trump and republicans should be talking about. not merely the numbers inside the tax cut. >> when you talk to the republicans as i have here, they are surprised all of that kind of stuff that is certainly more than an total isn't resonating. they hope to see that it will as much as they were surprised in 2016. do you get a sense of that, that there is an undercurrent of hey, we are feeling good about the things going. >> i think you got a look into the details here when they are counting the tax cuts. we have noted here on the tax tables that large portions of the population, including the middle-class are not paying income taxes. they do payroll taxes. most of the income tax revenue is coming from the upper middle class and people in the upper brackets. the corporate tax cut, which is the 40% tax cut is feeding into

the economy and creating an enormous amount of capital investment. those are kind of difficult ideas to convey to the man on the street. with the man on the street understand is that his kid is getting a job. his brother is getting a job. his wages are growing a beard that is the way the republican should be conveying what's going on right now. not so much emphasizing the legislation that they passed. as part of it, but not the big story right now. >> support for the tax cut has peaked. with mitch mcconnell later today, if that is true, this is the best kind of polling number we can get on it for the time being. i would imagine that would be a worry for republicans. >> it is only a worry. again, a matter of messaging and republicans have never been that

good at conveying their own successes. for instance, one of the things president trump, the white house and the congress did in the first year was rolled back a tremendous number of the regulations that the obama administration had imposed on the economy. result, 2% growth at best and high unemployment through the obama years. now as a result of rolling back the regulation, businesses feel liberated. they feel free to invest again and that's the sort of thing that somehow the republicans domenici mcconnell's colleagues and especially in the house, the house republicans have to figure out a way to convey that success to the american people. they've got to do it in bread-and-butter terms. not merely numbers do not merely bragging about legislation that they passed. >> it got approved for marketing. thank you for a match. good to see you again. a very good day for that al.

particularly technology and particularly this issue. the house of cards is a big deal when i started that right now. they get the same treatment of multi-billion dollars budget and they are paying for demands on today with the appreciation on wall street. netflix, which looked to be gasping for air little more than a few years ago. right now the technology darling all because of you. 125 million worldwide are streaming at with anything on it. a little more after this.

neil: welcome back from everyone. remember that guy, joe biden. i seriously entertaining run for the white house i believe with these are drying. this one carries some

considerable have to. it's a lot better now and this time than his last two attempts. charlie gasparino has some interesting details. charlie: on the record he's kind of noncommittal. he doesn't say yes, doesn't say no. he recently sat on some other network that i hope other people as well join the race. behind the scenes, joe biden is making a lot of noise that is likely to run. i'm not saying he is. but here is what he's doing. we reported this a couple weeks ago when we hear there's additional conversation that the former vp continues to meet with wall street executives and why to meet with wall street executives right now? to establish a network on my front racing network to do a fund-raising blitz if and when he does get in. again, in these private meeting he still noncommittal. he does say if he does come if he runs the only person that he will oppose his donald trump and that is because donald trump would be 74 in a couple years

when the 2020 elections are taking place and the former vice president will be 78. he believes that's not a big age difference and it takes age out of the equation in what will be obviously a pretty brutal campaign because these two guys like the slug it out as you know. bush is putting out joe biden has not declared. he's not told wall street executives who's going to run, but he's making noises that he seriously considering it and making noises that he will run if for no other reason unless you want to establish fundraising. again, and doesn't mean he's going to do it, that he is quacking like a duck right now. back to you. neil: he pulls pretty well. i know is doing about 10 points better than bernie sanders. these things are fleeting. so he would enter the race a formidable candidate.

charlie: when i talk to fundraisers, they say these other guys that are thinking of running, the corey booker's that are out there, elizabeth warren, a lot of them don't really have a centralized message. the roman messages we need to be donald trump you did not say here's how we want to run the country differently. they don't have a lot in terms of what they would do with taxes and regulation and other rare shoes. their only issue is to defeat donald trump. biden comes up a lot different mojo. he comes with hear how we would change from a foreign policy standpoint. here's what i think is good about the economic players. here's what i think is bad. he believes a massive corporate tax cut is not the best thing in the world, although he's the type of guy that would understand you need to normalize the tax rates among corporations so that i think is another reason you have a lot of smart

people -- he's a democratic wall street guy. he's got them hoping and praying he does go in. seems like you've got a clue. neil: he can be formidable. it could be i guess. >> we both could be nasty. neil: thank you very, very much. we are getting word of starbucks wanted to do something usual on may 29th closing all of its u.s. stores for what it is calling the racial bias education. i believe this is in response to the philadelphia starbucks that arrested or as the police say two african-american gentleman came in simply to use the rest room. one was going to use the restroom. they were peaceful. they did not do. no such incident to prompt anything approaching this response. starbucks ceo was apoplectic about the whole thing to put out a video saying how much he was curious about it. local officials are looking into

it. closing all the stores on may 29th to look into it and have a companywide racial bias education. a little more after this. at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly.

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neil: these are some of the big

technology names getting a lot of attention. look at amazon. i believe that the game today, three-point by presenting today, it has now recouped all of the bosses and the president was targeting for unfair practices, that it screws the post office, you screws the post office, you know the deal. jeff bezos never said a word, but had recouped a lot of that. not all of it exactly, but certainly a lot. most of it is back. netflix is also streaming to new highs. get it? ac cable. i do that for free. you do have to pay an extra. just so you know, and technology is on fire, stocks in general on fire. all this at a time when only a week ago we were looking at mark zuckerberg coming before congress and a lot of folks saying, you know, mark, we've got police to better. we've got to find a way to limit what you're doing, come up with laws and regulations, something. they read from john burnett, to

see either -- ceo derek, that seems to be the rule du jour. at least in this town to police these technology guys, facebook included. maybe amazon, too. what you think of it? >> absolutely. why? americans are rightfully outraged at what they see in terms of political consulting firm was able to hack or actually acquired 57 million users of facebook's personal information and do what with it? actually sell it and use it for their own. neil: do you think they are still enraged? a lot of people as annoyed as they get comments convenient, easy, and in the. >> that pales in comparison to amazon. the amazon model is a huge tech giant and when you look at it, they tried to drive mom-and-pop shops in any retailer that can

actually they can enter the market in takeover, they'll do it to sell any and everything. when you look at it, what they try to do is also getting to other industries like own security. we've already seen the video with respect to an anonymous person actually recorded. the fact that they were able to break into a person's home. neil: you've actually think amazon is a more worthy target of federal regulators in facebook. >> look, the thing as the americans want to know what amazon is doing with their personal data. over 1 million businesses actually use amazon cloud services. 1 million. we've are to stand last year with respect to uber, 57 million users had their personal e-mails, phone numbers and other

proprietary information taken from them. neil: all right. we will see. john burnett, we will see what happens right here. amazon shareholders worried about it have a funny way of showing it. up to $60 a share getting back to the all-time highs. we should point out the president is getting ready to meet the prime minister, just his counterpart saying he's a truly fine gentleman. more after this.

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♪ neil: all right. on this tax day that is will be

our special guest star coming up on "your world," 4:00 p.m. eastern time. he is talking to republicans getting the word out tax cuts are working, market is responding and people are spending and it is good times. will it resonate is it we'll talk to him in two hours. trish regan now. trish: thank you, neil. market is soaring up 210 points. president is getting ready to talk trade with the the jop meese president. i'm trish regan. welcome to "the intelligence report." breaking on tax day, the irs payment system has crashed seriously. details straight ahead. president trump touting tax reform on taxes. he says paychecks are climbing, tax rates are going down. he is