sees positive long-term benefits if the result is lower tariffs worldwide. we thank you for being with us. john gerri: breaking news this morning. the european union will reportedly announce a record $5 billion antitrust find against google today. we'll have details. >> federal reserve chairman jay powell back to capitol hill after giving it up a few of the u.s. economy. gerri: at the comments given a list of stocks that the dow 55 points yesterday. spamming dow component ibm american express posts morgan stanley is up this morning. headed the u.s. stock market futures as you can see the dow was up as is the s&p 500 will have it all later on. gerri: mixed bag for u.s. stocks

open higher on positive earnings from tech companies and comments from u.s. fed chairman. take a look at those markets but the ftse up 38 come 38 come and see a sea of 45. the dax and germany over 101 points. cheryl: asia mostly lowers japan's nikkei closed in the grain. gerri: the incredible story of a man who walks 20 miles to his first day of work and it's a good reward from the boss. "fbn:am" starts right now. it is 5:01 a.m. in new york on day, july 18th. on gerri willis in for lauren simonetti. adam: and i am adam schapiro and four cheryl casone. gerri: it is the gender equality program today. so much going on today. i want to focus not on putin,

but what is going on in the markets in the economy. breaking this morning, google reporting a record $500 billion fine for the european union for breaking antitrust laws. the european commission has been investigating the alleged dominance of software that runs smartphones. the e.u. antitrust chief holding this conference at 7:00 a.m. eastern. shares of google's apparent offer better lower in premarket trading. >> president trump and serious damage control mode backpacking from remarks on russia's meddling in the 2016 election facing a barrage of criticism from the left and right. the president said he misspoke and does indeed except the conclusion of u.s. intelligence. >> i have full faith and support for america's great intelligence , always have. i have felt strongly that while russia's actions had no impact

at all on the outcome of the election, let me be totally clear in saying and i said many times, i accept your intelligence communities conclusion. adam: as you would expect, the critics are not convinced. president trump should've made those comments directly to russian president vladimir putin. >> president trump try to squirm away from what he said yesterday. it is 24 hours too late and in the wrong place. gerri: president trump fighting back against his biggest critics, blasting cia chief john brennan for accusing him of treason. >> i think brendan i think brennan is a very bad guy. a lot of things a lot of things happened under his watch. i think he's a very bad person. gerri: despite the controversy, the president putting a positive

spin on the senate began the meeting between president putin and myself was a great success except in the fake news media. adam: turning our attention to jerome powell issuing an upbeat outlook for the u.s. economy in his semiannual testimony as a trade tensions rise of china and other countries. gerri: more from our own edward lorenz. >> good morning, jerry and adam. the trade dispute risk to weakening the economy is balanced by the economic numbers. just over 2% for core inflation is at 2% for the 12 months ending in may. jerome powell saying we are seeing moderate wage growth, but not spiking inflation. the greatest concern came for the trade tariff tit-for-tat. spinnaker is no precedent for the broad trade discussions. hard to know how that comes out

if it results in lower tariffs for everyone, that would be a good thing for the economy. as a result in higher tariffs across a broad range of traded goods and service goods and services they remain that way for a longer period of time, that will be bad for our economy and other economies, too. adam: trade issues could start affecting long-term future wage growth, also are standard of living. >> oldest trade >> oldest traded uncertainty a threat? >> it may well be. we've heard a rising chorus of concern which now begins to speak of actual plans being put on ice for the time being. >> talk of delaying capital investment in future growth plans for companies, but it is not yet seeping into the numbers. but to you. tranter interesting stuff. we could see signs of how the tariffs or affect the economy when the federal reserve releases the beige book.

that is jargon for the snapchat of the economy from the 12 big districts. >> the u.s. auto industry is warning that the trade dispute with foreign countries could hit for in car in the wallet. the chief lobbying group since president trump proposed 25% tariff could raise the average price on imported cars by $5800. auto dealers say that could hurt sales and force them to order fewer cars made abroad. roughly 44% of all cars sold in the united states last year were billed outside the united states. a hearing on capitol hill about leaders of farms around the country will testify on how china's tariffs or affect the newest cyberculture appeared gerri: farmers are not happy. president trump meeting with gop leaders to talk taxes. house ways and means committee kevin brady expressed the house to vote on the bill in

september. >> i thought it would be obvious, but i would like to clarify just in case it wasn't. one, continue to grow, add a million and half the jobs and protect them against the future train to steal back a hard-earned dollars that you were the republican congress has given them. gerri: the cbo has one of making permanent temporary cuts would further expand the federal deficit and debt. we will have more on this later in the show. true to congress looking to pass a bill that would revamp retirement plans. >> i'm fascinated by the story. good morning. >> good morning. lawmakers were given the biggest changes since 2006. they're looking at ways to make it easier for small companies to offer 401(k) plans and for workers to guarantee themselves in annual income after they

retire. kevin brady says retirement and savings incentives on make up one of three bills in the tax reform to play no package. house republicans are assembling. >> the guaranteed income means annuity. talking about that later in the show. papa john's ceo not leaving the company quietly. >> the founder of papa john's vowing to fight the pizza chain over how oppressed him to step down for his use of a racial slur during a conference call. in a letter to direct heirs, schneider said he would accuse the board of failing to investigate the nature of the conference call and the intention behind his use of the racialist lawyer. adam: a great story about the dedication of a hard-working college student. >> i love this story. the night before walter carr, college student from alabama was supposed to start his new job as a move with bellhop moving company commits 2003 nissan

altima broke down. when no one else could give him a ride, he decided his only option was to walk 20 miles to work. the journey was going to take seven hours. it eventually made it to the ceo of the company. luke merkley wanted to do something to think walter for his dedication so he gave walter his own personal ford escape and you can watch them tell their story with charles payne on making money at 6:00 p.m. i cannot wait to see that. >> that is so heartwarming. i love that kind of story. train to you is going to take them several hours. the police officers picked them up, took them to breakfast and brought them to work in the ceo learned more about all this. great story. gerri: great to hear about it first hand. federal reserve chairman jay powell returns to capitol hill to talk about the economy.

he's got a positive analysis after telling lawmakers years of strong growth in jobs and inflation ahead. a lawsuit filed by mgm resort against shooting victims during outbreaks from survivors and everybody else. u.s. stock index futures looking at a mix on the indexes. the dow up 17, s&p 500 up over one. the nasdaq down two and a quarter. you are watching "fbn:am." ♪ it's single-origin kenyan coffee from the nyeri highlands, 6,000 feet above sea level. but how do you really know that the beans journeyed to the port of mombasa and across the pacific? that you can trust they're 100% authentic? ibm blockchain. a smart way to track every step, ensuring this coffee did indeed come

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adam: welcome back. we want to get you caught up on what's happening right now. u.s. teachers gaining thursday opening bell. s&p 500 futures one and a quarter. nasdaq still in negative territory there. perhaps we'll see the turnaround ryan crutcher has resigned as ceo. tremendous after less than two months on the job. texas instruments blamed his departure on his code of conduct violations. the lawsuit filed by mgm resorts against victims of the las vegas shooting is sparking outrage. that is who claims because mgm hired the security firm by the department of homeland security, the company assumes no liability for the shooting.

stephen paddock fatally shot 58 people and wounded hundreds of others from his mandalay bay suite on the 302nd floor of the hotel and an attorney representing some of the big guns called the suit a stunt. the soccer team rescued from a flooded cave and thailand will finally go home today. the tall boys and their projects to do speak for the first time in a news conference about the 18 days they spent in the cave underground. we are now learning more about the dangerous rescues. divers say the water was so murky they could barely see. the boys were sedated from to keep them from panicking inside the narrow tunnels. they do not expect to get them all out alive. tesla ceo elon musk is apologizing after he mocked one of those rescue divers on twitter. he called them, and this is a quote, kind of guy after the rescuer called the submarine a pr stunt. his actions against me do not

justify my actions against him and i forgot apologize to mr. uncertain the companies i represent. that is what is happening right now. gerri: meanwhile, federal reserve chairman jay powell and tenet sent a picture of the u.s. economy in its famous semi annual testimony. anthony chan, chief economist at chase joins us now. good morning. several years of strong jobs, low inflation ahead. sounds very optimistic. are you as optimistic about the economy? >> i certainly am over the next 12 to 18 months because we have a tight labor market and people are concerned about overheating. at this point, some of the research i have done fine at getting people outside the labor force in bringing them into the labor force and that's one of the reasons the federal reserve

does not to worry about waste pressures. adam: that is very good news indeed. i want to turn to the broader conversation about the impact of tariff on the economy and what the federal reserve might make it back. starting with the breaking news of the $5 billion find against google set by the e.u. the e.u.-u.s. relations really at the low rate now. what do you make of this and couldn't make the issue of tariffs even worse? >> well, we know for a fact that if you have a terror war that would not be good for the economy. the international monetary fund could potentially shave off half a percent of global economic growth if we were to have a fallout trade war. our base cases we are not going to have an all-out trade war and therefore will not have to worry about the worst-case scenario. it is certainly out there and we will see countries potentially

even nontariff method. >> this is 5 billion straight in the pockets of the year. to coin a billion from google. moving on, hear directly from jay powell, what he had to say about this issue. >> in general, countries that have remained open to trade and haven't had tariffs have grown faster because of higher productivity and going into the more protectionist direction have done worse. that the empirical result. >> do agree with that? >> economists would tell the world without tariffs and barriers is a lot better and you could make the argument that the president is striving with that. one of the things as he prefers no tariffs. a lot of this may be part of the negotiation to bring us closer. >> it is a middle ground between getting to the new trade policy

and leaving dale trade policy. today we are getting an auto trade group said in the cost of a foreign cars going up $5800. that's inflation and that's bad news for consumers. would you say? >> there's no question if you have auto tariffs in this country it will hurt main street america. remember, those tariffs have not come to fruition. in fact, they lead me to believe it's part of the negotiation and at the end of the day we are not going to see those things, but we will see less barriers. gerri: fascinating analysis. thanks for that. >> my pleasure. gerri: powerful storms in new york harbor. but the storms strand is gone. fox meteorologist janice dean has the forecast for you. but dallas still loved as we head towards 9:30 opening bell. s&p 500 futures are also out. nasdaq making a play to go

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gerri: they are calling it a baby tornado. aware funnel cloud hovering over new york after massive thunderstorms were across the city in the area. unlike a tornado could never make contact with the water and did not cause any damage. the powerful storms resulted in flash flooding and extensive damage across the northeast with 155 flight cancellations across the u.s. and near commuters experienced flooded trade stations, service delays, lots of problems and drivers in

arlington, virginia were left stranded in their vehicles as the flood waters rose, 40 people had to be rescued. adam: you could see the rain shooting out the windows. we are in midtown manhattan. the heat wave is still here, right? >> meteorologist janice dean here with the wednesday forecast. is this over? >> it's not as bad today. it's 68 and yesterday we had all the humidity, so they cut the humidity back a little bit. we'll talk about that, but much more refreshing temperatures after the cold front went through. incredible video out of new york harbor with the funnel cloud. looking at the past 24 hours as the fragments move through. the worst of it is now over. more refreshing temperatures that hundreds of reports of hail including all along the northeast -- sorry not hail, damaging winds. all along the i-95 corridor.

the heat remains in place across the southern u.s., southern plains to the heat index temperature with the humidity and in some cases over 100 degrees the heat advisories are in place. the rest of today's forecast december 10 against the u.s. scattered storms across the mississippi and tennessee river valley. backs e.u. gerri: thank you, janice, good to see you. the president and the congress pushing for a tax-cut to plano. what is in it for you? the chances are that passing this fall. and then there is this. >> so we >> so they can go upside down? is there anyway for the acrobat to get upside down? >> you'd have to create a massive amount of energy. gerri: love the show, love the shirts but stranger things inspiring a new fashion like and it doesn't come cheap. let's take a look at what's

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>> today is about how we can strengthen even more. we think the best place to start is with america's middle class families and our small businesses. gerri: breaking news this morning could republicans in congress pushed for a new round of tax cuts before the midterm elections, making individual tax cuts permanent. train to federal reserve chairman jay powell heading back to capitol hill after creating a u.s. economy. gerri: list of stocks could deduct 55 points yesterday. >> today earnings from dow

components plus morgan stanley up this morning. ahead of the u.s. stock market futures right on the green. dow futures at 23. 24 actually. s&p 500 up two points at nasdaq maintaining positive upward project area. gerri: in europe stocks open higher on positive earnings from tech companies in the upbeat comments from the federal reserve chairman. the ftse 47 and the cac 40 up almost 30. the dax up 104. >> asia traded mostly lower. japan's nikkei in the green. >> stranger things upside down featuring a new fashion luck. check out the shorts. it doesn't come cheap. "fbn:am" starts right now. 5:29 in new york on wednesday, july 18th.

i'm gerri willis in for lauren simonetti. >> i am adam shapiro and for cheryl casone. for blue states are taking president trump's tax-cut to new york, new jersey, connecticut and maryland are suing the administration remained the law unfairly targets highly taxed states. they argue that $10,000 cap on state and local deductions is unconstitutional and hurts taxpayers. this has a second round of tax cuts heads to the house. the new package could make a law signed last year, lease parts of the law permanent, especially the cuts for middle-class taxpayers. it is slated for september vote, but how likely is it to pass? democratic strategist raul auel voeller. gentlemen, welcome to you both. before i asked the first question, i want you to hear what president trump had to say to maria bartiromo about another tax bill passing.

>> it will be more than a middle-class trade with them a lot for the middle class or this would be even more and get the middle-class. bringing 21% down to 20. >> when mr. wiki they are. talking about a middle-class tax cut low in the corporate to what he always wanted which was 20, not 21%. how is that a middle-class tax cut? >> it's not. why are we calling it to plano because they were achievements they needed to have been from the initial onset that is not helping people in the real economy working industrial economy. we did that on the outside. >> let me just repeat when we talk about what the president wants to do, the middle-class tax cut that we are the have expire in 10 years. does it make sense to codify those and make those permanent? >> no, i don't think so. as the economy moves in shifts and goes to different places, we are going to have different tax

needs. we need to make sure we are not adding to the deficit, which this last tax bill did. we need to be very careful here in how we move forward and how this is going to benefit those people working industrial economy. >> kevin brady says he does not expect republicans to be revenue neutral. the senate would not be allowed to pass it. is this a political stunt for legitimate? >> this highlights that the democrats are running on in november. democrats are running on impeach racist trump, harass supporters out of the public square, demolish ice and raise taxes. they want to raise taxes on the american people and of course it makes sense to keep the tax cuts permanent. the lowest unemployment rate ever for black americans.

and unemployment overall the 3.8%. gdp growth increased from 2% to 3.8% this year were three by 3% this year than expected gdp number higher than 4% this quarter. the tax cuts are working in the average american has received over $1000 of tax cuts and their pay has been increased this year. overall it has been a huge success. adam: i don't think anyone would dispute the fact u.s. economy's on fire. even bend vernaculars commented that they are doing extremely well. it has also created a huge budget deficit. republicans used to be opposed to budget deficits are now on a trajectory for virtually dollars in new debt just from the cut. we are told that the growth will close the gap but that doesn't appear to be happening. >> that is a misnomer. the tax revenues for the first half of the fiscal year $80 billion higher.

they have not caused a budget deficit. that is the biggest misnomer out there that tax cuts are causing this. the tax cuts increase revenues because people are making more money, which means they put more money in their pockets but tax revenues increased and the unemployment cost that we have in the country have less people. >> i want to give rowling because he made a really good point. i've only got 20 seconds, but it is spending. >> absolutely it does. when you are talking about the misnomer, how are you going to pay for this when you try to further take away input into the tax system. >> to grow the economy. on that note i have to catch you both off. your being here with us. >> fascinating stuff. tech giants take the hot seat. lawmakers confronting social media executives over apparent

bias. others took aim at a different charge. >> todd pyro is here with a look at the heated talks from both sides. >> i'm pretty sure you can figure out what the target was. a hearing of her claims that social media platforms and tech companies are biased against conservative viewpoint, but thanks to liberal democrats come that quickly became come you guessed it, all president trump's fault. >> or president disparaged the justice. we have a hearing on that? is nearly 3000 babies and kids ripped away from their parents by the trump administration. they have not been reunified yet. >> eventually republicans pressed ahead with the airing of her house social platforms handle conservative content, going through silicon valley executives. basic set of global policy considers senior policy mexico city to better policy juniper

downs. lawmakers cited high-profile examples of conservative posts being censored and a contrast from a florida republican mackey decided to post by the facebook page milkshakes against the republican party to call for violence including one stating quote cover under the shooting at their public in baseball game? one of those should have been every week. >> at the page hosts repeated content that threatens violence and that references the shooting of republicans at a baseball game, why would you not remove the page? >> were webpages or groups or profiles when there is a certain threshold of violations. >> president trump supporters diamond and silk admitted it badly handled miscommunications with them and is committed to making sure facebook was open for all voices. train to another going to keep on that issue. >> after all the hype was for a

lot of people undoubtedly a success. tracee carrasco joins us now with more. >> was there any doubt it would be a success? despite the website glitch that kept many people from shopping during the first few hours of prime day, sales in the u.s. were bigger than ever. e-commerce operating system estimated for $.3 billion worth of goods. amazon hasn't said what caused the platform problems. i'm sure they made a lot more because that number was in the afternoon at the final hour when a lot of people were buying stuff for. >> i heard people talking about are they faking this to get peoples attention and and to get them online? possibly, we don't know. build a bear coming of god elected a fabulous story. >> after the disastrous promotion of last week, giving it another shot with a new

promotion that pay your age disaster last week. customers can buy a birthday treat air for the same as their rage during their birthday month. unlike the last promotion, this is limited to children under 14 years old. it is only available to bonus club members, which is free to sign-up for. remember the video from last week. >> you want to talk about crazy? the strange fashion trend, upstate and shirts. >> there's a twist. these are upside down denim shorts with inverted pockets, belt loops of on the side. they are inspired by the netflix hit show stranger things. sure yours from the show.

>> their mom pants. >> they're interesting. or something. $385 price tag or if you're not in the short company, the full-length version for almost $500. adam: i love the show, but i would not show my love for the show with $385 shorts. trade you can get that shorts are mantras anywhere for 25 bucks. >> former fbi director james comey gets political. you will not believe this tweet. congress considering big changes to your 401(k) retirement accounts. including plans for more small businesses to offer 401(k)s. the stock index futures right now. the dogs dog 20, s&p up one and three quarters. you are watching "fbn:am."

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adam: welcome back to "fbn:am. we want to get you caught up on what's happening right now. dow futures up 14, s&p 500 futures barely positive. nasdaq back into negative territory. alabama representative martha roby has won the republican

primary runoff despite the fact she criticized if you're in the 2016 election. james comey urging americans to vote for democrats. he treated them part, all who believe in this country's values must vote for democrats this fall. policy differences don't matter right now. history has advised on this. a call to action came after the failure to directly confront russian president vladimir putin on election meddling at their summit in helsinki. joe biden says he will decide whether he's going to run for president in january. a poll taken last month represent democrats 2020 and that is what is happening right now. gerri: as we mentioned earlier, your 401(k) could be on the horizon as republicans but to make it easier for middle-class workers to save their lawmakers

would offer an opportunity for small employers to band together to obtain more favorable of less expensive investment options. but spring in nature shall price waterhouse coopers. always good to have you on the show. i feel like anything we can do to get people to save more for retirement. the elements of the plan with some details that would ease regulations on small business so they could put programs together, promoting and allow people more easy access to the money for emergencies. is this the venice in this the medicine that the retirement plan here in the u.s.a. needs? >> if you look at the backdrop, small businesses create five times more jobs than large business. many small businesses can afford the administrative costs, so

what, so what the legislations intending to do, but the intent is to make 401(k) plans more accessible to small business and maybe small business can pull together. adam: what i like about this is that removes the burden if something goes wrong they can't be sued. moves it over to the people providing these investment. that probably makes a lot of sense and will get more small businesses involved. retirement system sure needs a lot of help if you consider 42% of americans will retire broke if they keep up their present ways of savings. do you think 42% of less than $10,000 saved as you see right here? our annuities the way to do it because they open the door to highly investment controversial investment. >> you work for a company who have a pension plan, which was something called the defined in

the fifth win. back in 1978 when the 401(k) plan was created from the a defined contribution plan was more portable and more modern. what is happening to his employees are getting the benefit prevails up to make decisions about how to invest their money when it's self-directed. the annuity concept is to get guaranteed income for life like we used to have back in the old days. gerri: that is one of those promises impossible to make good on. quick question on housing rights here, coming in at 1.3 million in just lower than may. good news, bad news, what's your expectation? >> we see a pickup of late. a new supply of housing and existing supply which is what is driving the places. amongst the impediments keeping

builders out of the market with land, lumber and labor. the three costs have been going up so i'm very excited to see builders are getting into carrying the supply i hope that number today is strong. thanks for coming on. good to see you. >> you better. see you soon. last night's all-star game set a record for home runs. we will tell you who came out on top. phil mickelson shows off his classic trick. you love this, don't you? >> i do. i'm watching. you are watching phil nichol said and you are also watching "fbn:am." and make adjustments on the fly. ♪ ♪ the ibm cloud. the cloud for smarter business.

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gerri: won't want to miss this today. national hot dog day. check these out at 711. get yourself a hot dog for a buck or use the same dollar to order a chili cheese dog at sonic or dog house will give you a free hotdog if you download the app and the pretzel factory offering unlimited dollar pretzel hotdogs. i believe none of those. >> go get a dirty water dog out of the carts in manhattan. that's the best kind you can get. gerri: you and my husband would eat all of them today. tracee but there a lot of hot dogs sold at the all-star game. here are the highlights. >> another home run derby for the second night in a row at nationals park. let's start with the yankees aaron judge and justin berliner who plays the role of nostradamus of the american league dugout.

>> uncle and a homer. >> without, all rights for the judge. aaron judge gives the american league won nothing and celebrates his work as a prophet. .com would get to second base. he goes to take a sophie was mending the shadow and takes a sophie come a long river to get traded will be getting dealt to the los angeles dodgers. one of the great treats last night was getting to hear players playing on the field conduct in game interviews with joe buck. here in the eighth inning as buck asks charlie black when of iraqis if he can see the catcher's signs for the outfield. >> you can see where goals. that is wiggled out of here.

>> provided to leave a fast-forward to blast one over the fence. his teammate, george springer, followed with another homerun. the american league wins. bregman got to choose between a truck and a camaro. he took the camaro for his mom. 10 home runs last night at an all-star game record. it's finally happening. all-star forward reportedly getting traded to the toronto raptors. the deal set to include the marta rosen. he plans to go to the lakers next summer. would you let golfer phil mickelson and singh at golf club directly at your face? watch this. from a european pro gary adams except in the challenge. he gets ready for the british open like this. talk about control with the golf

clubs. gerri: wow, that is so amazing. adam: that's not the face of the word about when you take a shot like this. gerri: the show was lame and entirely too far to bed right now. that's all i'm saying. then you have nothing to say. good to see you, my friend. catch the sports reports of sports reports on fox news headlines 24/7 on sirius xm channel 115. adam: google reportedly facing a $5 billion fine. a live report for you from london when "fbn:am" continues.

walk ms brings communities together to raise awareness, and funds that change the world for everyone effected by multiple sclerosis. together we are stronger. register today at walkms.org. gerri: the big news this morning. google set to be fined a record $5 billion for abusing its position when it comes to its android operating system. chief market analyst joins us now. good morning to you. what is the potential consequences in europe for google or potentially for google worldwide? >> this is less about and the changes google will have to make to its operating system to incorporate third-party access. this really does remind me of the problems that microsoft went through with respect to the

bundling of its operating system. moving away from that, whether that, what are the third-party alternatives to google search? even if google does make the relevant changes required to operate in the system third-party accent, and the one off the top of my head aren't really that many in the way of search engines that i would necessarily use. the big concern remains around tracking. if a third-party developer can come up with an application that doesn't track your usage, that would do very well. we remain somewhere away from that. >> netscape, is it still around? gerri: when you take you to federal reserve chairman jay powell. we only have a few seconds here. he said things about the economy capitol hill a second day. our traders in london paying as much attention as we are here? >> not so much today.

it would be very surprised if he might see significant changes to the policy statement he make it today. more interested in how that looks in the u.s. economy going forward. i'm not expecting too many surprises today. adam: will have the beige book is a reminder for everyone here on fbn. thank you. gerri: michael, thank you. time for maria bartiromo, "mornings with maria." maria: good morning, everybody. thank you for joining us. i am maria bartiromo. it is wednesday, july 8th 2. take a look at features indicating again this morning. though industrials up 20 points. the dow industrial up for the fourth session of the robot in a closed at an all-time record high but the gain of 50 points. federal reserve chairman jay powell gave an offbeat outlook

of his first day of testimony on capitol hill. a similar story, markets higher across the board. the cac in paris at two thirds of 1% of the dax up almost 1%. markets closed mostly lower with the exception of japan. the other majors as you can see in the red. house republicans are meeting with president trump. they met yesterday to work on a plan for another round of tax cuts. house ways and means committee chairman kevin brady and how will help small business and the middle class. >> we are here to talk to you about making permanent the tax relief so they can continue to grow, so we can have a million and a half new jobs than we can protect them against washington trying to steal back the hard-earned dollars but you and republican congresses given.