karen, give us a sense because we saw nfib data out earlier that shows small businesses are extremelyited, extremely optimistic. do you see that as well? >> oh, yes it's a very very favorable environment right now. the nfib reported backed by a lot of the other reports that show that optimism is very high in fact historically high levels and that's enabled by a think a stronger economic climate as well as a more favorable policy climate and what's to come. >> charles: so with respect to the shift to north carolina the real estate industry, again, that's a state that's growing by leaps and bounds and probably will as you see these so-called stalled states become even more expense ever. are you see being the same sort of thing in your business as well? >> yes, in north carolina things are great and in my small business, 10 years ago i left corporate america to pursue my small business and we've grown over to 30 employees and this year i launched a new tech company because of the confidence i have in my employee s and these tax cuts are going to help business owners perform and invest in

businesses are subject to an utterly hampered their growth and stunted them and we'll be talking to nfib later. 70% of small employers are passer entities tax at the individual tax rate. this is very important to them. as we go further down the road, this help simplify the tax code could 75,000 pages of tax cut for special interest in the seat of type layout now. this is a pass in the right direction. maria: you are paying 40%. you are going to 21%. that is a big deal. >> we deal with them a lot in the private equity area and this is very encouraging to those business leaders about being able to hire more people, they were copying because of the obama tax issue, because of the pass their tax rate. we would hear about it later. >> we need to hear about how they get to these complexities in the tax code. we found in the last several weeks with the house bill but the bubble rate. maria: that supposedly goes away in this plan. dagen: there're still front-page stories in the journal that we talk about time and again the fact that in some instances because of the way the cuts are passer entiti

we also find out the latest on market new verse the nfib surgery and the consumer price index.f talk about inflation recently along with retail sales. also out in the week ahead. it's a late week in terms of earnings, but we do get some big names like verifone, pier one, oracle, that's typically a market mover. adobe and costco all reporting quarterly numbers. on the political front, tuesday is the controversial senate election in alabama, roy moore versus doug jones. fb and will have special coverage of the results beginning at 8:00 p.m. eastern, so do join us for that important race. coming up next week right here on wall street we, grant interest rate observer editor jim grant. we will see a sunday morning on the fox news channel for sunday morning futures. join me live 10:00 a.m. eastern on sunday. have a great weekend everybody, that will do it for us on "wall street week. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from co

the nfib said we can't miss this opportunity to help main street businesses grow and create jobs. the west virginia chamber of commerce called this tax reform a real win-win, and noting, quote, by making tax rates more competitive, small businesses will be able to reinvest in growing their operations and creating more jobs and individuals will be able to determine how best to spend their hard-earned money, further stimulating economic growth. end of quote from the chamber. the chamber also pointed out this effort is expected to grow jobs in our states by roughly 5,000 new jobs. in some states 5,000 might not sound like a lot, but in a state like ours 5,000 jobs would be welcomed and welcomeled heartily. they highlighted that west virginians will -- are likely to see a deduction of $2,000 in the federal taxes that pay. that is a significant amount of money for hardworking families across our state to be able to determine how they want to spend their money. the state director of the chapter of west virginians for pr prosperity, and again i quote, this is a huge step for taxpayers. t

.: the nfib is a big supporter. they are the association of small businesses.mbers probably and $50,000 to $75,000 a year. they are the heart of america and generates a lot of entre nous are shipped that drives the economy. -- entrepreneurship that drives the economy. i think it's one of the things that troubles me the most as an economist looking at the evolution of our economy, which is entrepreneurship is waiting. millennials middle east entrepreneurial -- are the least entrepreneurial generation. shery: let's talk about the regulation. many republican financial numbers for growth being boosted comes from deregulation. president trump counting those numbers. president trump: for the first time in decades we achieved regulatory savings. has not happened in many decades. we blew our target out of the water. within our first 11 months we canceled or delayed over 1500 plant regulatory actions. more than any previous president by far. shery: you have talked about deregulation, but the bulk of what the president has done comes from getting rid of pending regulatio

look, i think if you look at factory orders and ism's, the small business nfib reports, what you arent end of what looks to be a very, very strong rebound in manufacturing and industry and hard goods, the likes of which we have not had throughout this recovery again, i think people are starting to pull the trigger because they see a much lower tax burden on all manner of business, large, small, repatriation coming home when look at what harp ton has reported here is manufacturing of 31,000. i agree retail sales look okay, but what's going to give us 3% to 4% growth is a boom in manufacturing. >> the lifting of regulation >> i think it's been a huge factor really the whole year in my judgment even though the administration haven't gotten through, republicans haven't gotten through the health care bill, what they have been doing is congress has been passing bills to ratify the president's roll-back of regulatory costs. i think that's created a lot of confidence on this, and i think as this tax cut bill winds down and we're going to get a passage in the next week or two, that's going to

this week, or just recently, they had the nfib come out. 3 points. don't know if it is a record high, but it is close. tom: it is a jump condition and confidence. ed: jump and it has been holding and then had a three-point jump. that affects small business. yesterday, they had the duke fuqua survey. this is ceos of major companies, both of them are up and every single survey that we do, every data point i see like durable goods, cap goods shipments, they are all up. so cap spending is stronger than i thought it would be at this point with operating rates below 80%. tom: your offices are right down the street near the abode of the president. can you give him credit for a confidence boost or is this the percolation of good news on the american economy begin before the election? ed: i'm sure a lot of it started before the election, and this is such a charged topic, as you and i know from our friends. business people i talked to say i do not know what to make of trump, but it is the most is this friendly environment i have been in in memory. and then you

the nfib came out with numbers the other day how excited business owners are to hire people. over 50% are hiring people and can't find people in the workforce. the numbers are staggering. reporter: now, trish, there is one thing, not part of this report, but we cover the fed at fox business and you see this in the fed reports and the minutes from the meetings. we have a fed meeting coming up, they talk about the labor market and you see in the beige book especially how different districts talk about labor shortages, and employers having trouble finding people to hire for jobs, in some cases paying those people more, in other cases they're not. and you see that reflected in the average hourly wage number, not as high as everyone would like it, from the administration to the fed, but the bottom line is 4.1% unemployment with 228,000 jobs, i'm not mad at that. back to you. trish: i'll take it. the hope is that wages will start to follow. adam, thank you so much. >>> joining me kings view asset management cio scott martin. scott, 24, 302 on the dow. great news on the employment f

the nfib came out with their numbers the other day on how excited their business owners are to hire people over 50% of them are hiring people and can't find people in the workforce. the numbers are just staggering. this wasn't happening a year ago i ran a business a year ago. a year ago all we were doing was spending money and time dealing with regulation and being worried about the federal government. now, businesses are excited to invest capital and work with the federal government. >> liz: president trump just departing joint base andrews for pensacola, florida for a rally of thousands of people on the heels of the strengthening economy the best in a decade as democrats set themselves up to pummel republicans on sexual misconduct betting that their new anti-harassment push can bring democrats back to power in 2018. tonight we have an all-star guest line up including the weekly standards fred barns, former ambassador john bolton, trump media advisory board member and conservative radio host, gina louden, and psychiatrist dr. keith adlow, here tonight. welcome to risk & reward i'm elizabe

the nfib came out with their numbers the other day on how excited their business owners are to hire people% of them are hiring people and can't find people in the workforce.

i'd like to insert in the record the many businesses and groups from the nfib to the chamber, who are supporting this legislation today, and i thank the business community for their support also. i yield back. the speaker pro tempore: without objection. the gentleman from mississippi continues to reserve. and the gentleman from pennsylvania is recognized. mr. brady: mr. speaker, i'd like to yield two minutes to one of our valued members of our committee, the lady from california, ms. lofgren. the speaker pro tempore: the gentlewoman from california is recognized for two minutes. ms. lofgren: thank you, mr. speaker. for we women who've been victims of assault or harassment, this is a very serious, serious matter. i intend to vote for this bill but as has t -- been mentioned, it's the first step. we know on the house administration committee that we are going to have to dig in and make sure that the training that's referred to in this bill is a lot better than what we have right now. it's deficient. i'd like to say, also, that the process that we have of -- for victims to come forward i

it's not just big business if you look at the nfib numbers this week, optimism in the small business, in the pass-through business, is at all-time record highs as well, so small businesses are hiring as well because they see the growth in the economy. >> right go ahead. >> to your point, we keep asking ceos, what would you do with the potential tax benefit. you were at a "wall street journal" conference where john busy asked ceos to raise their hand very few did we're getting buybacks from home depot and timo and bank of america. is that what it's going to look like >> i think we're going to see a combination of everything. i think you're going to see a lot of capital investment as well i was at a big meeting this weekend with a lot of business leaders from all size businesses, and they were all very excited about the opportunity to grow their businesses we're seeing a lot of applications for permits through the system to expand and build businesses look at what's going on in the l&g business, look at what's going on in some of the other businesses where you need government permitting

this morning we got nfib small business optimism. that is this blue line. it is surging.inesses say they are doing really good. it is at its highest level since 1983. but what really drives a small business optimism? it might have to do something to do with politics. i was looking at the white line in the bloomberg consumer comfort survey. the difference with the how republicans to the economy and democrats. that too is surging. republicans feeling better about things these days. before upside of the obama years. bottom line, maybe things are getting better. but maybe a lot of small business owners are republicans. >> 22% believe tax breaks -- >> the market closes next. the dow and s&p at record highs. ♪ cannot live without it. so if you can't live without it... why aren't you using this guy? it makes your wifi awesomely fast. no... still nope. now we're talking! it gets you wifi here, here, and here. it even lets you take a time out. no! no! yes! yes, indeed. amazing speed, coverage and control. all with an xfi gateway. find your awesome, and change the way you wifi. ♪ >

gdp -- i mean, this is -- we're rocking and rolling here did he mention business confidence or the nfibhings in steveman's all america survey. did he just go don't tape this, but wow, we are really cranking. did he say that off camera >> he did not. >> he did not. okay just wondered. >> he cites his own authority as a business guide >> okay. i just wondered whether he -- i know he is an authority and all, but 35% is pretty good, i think. anyway, thanks, john we're going to talk to republican david -- senator david perdue he was a former ceo of dollar general. also, reebok athletic brand. up next, the check on main street small businesses weigh in. that story is next stay tuned be you're watching "squawk box" on cnbc. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i coul

we see now to see an increase in consumer confidence that we had a big game in the nfib small-businessptimism that the million dollar question is whether this translates to real activity, increased spending and increase cap backs and that's where the jury is still out, notwithstanding the two quarters of gdp that were plus 3% are the long-term trend in growth continues to be one of broad deceleration, which isn't surprising in nine of the economic expansion. we are clearly getting along and that is why it's so important to get this fiscal stimulus done so we can revitalize the animal spirit. neil: the tax cuts go through whatever their vital information , data such as the markets run out, they do not reflect the savings in the extra on fear going to get from that. some classified, barons over the weekend, another 7% to 10% because of them. others like morgan stanley said we haven't even factored in half the gains we are likely to get. where do you stand? >> stephanie is right on it. look, the soft data will paint a pretty rosy picture. but a lot of that has been done as a direct result

. >> not just big business if you look at the nfib numbers this week, optimism in the small business in the past through business is all time record highs as well. so small businesses are hiring as well because they see the growth in the economy. >> right go ahead. >> but gary to your point we keep asking ceo what would you do with the potential tax benefit. you were at a conference where they asked to raise your hand and very few did we are getting by backs from bank of america. is that what it's going to look like >> i think you'll see a combination of everything. you'll see capital investment as well i was at a big meeting with business leaders and they were all excited about the opportunity to grow their businesses we are seeing a lot of applications for permits to expand and build business. look what's going on in l and g businesses and other businesses where you need government permitting we have a huge backlog of permits. when those permits get done, we'll see an enormous amount of job capital in those areas. >> i want to talk tax reform and it's something we've been talking a

confidence is very high you have some of the other metrics, the national federation of independent nfibs index right now, the highest it's been in 40 years. it hit this level essentially in 1983, a little bit in 2003, and where we are today those are three markers over the last 40 years. so when you think about modeling it, it's ceo confidence, economic activity, the idea of spending on capital. this is the largest share of corporate spending takes place through cap x. and that remains the case. >> you think it's going to increase by an enormous amount as a result of these repatriated funds. >> the issue is companies' profits are growing, so high quality problem. what should they do with the money? >> isn't it just buybacks and dividends? >> if companies outperform over the long term, but that's not consistent over every period of time and for the last year, there's been a definite embracing on the part of investors to reward companies that are leaning into growth investing in cap x and r&d as a result, more companies are encouraged to do that. on the other hand, companies that for a nu

look at groups like the nfib, they have come out enthusiastically for our bill. this is a good place for us to be. we're going to continue to work, by the way, i'm sure in the conference that will start here shortly, in addressing the issues that i heard you guys talking about. >> one of the issues that's come up and gary cohn raised it here is the idea that maybe they'll tinker with the top rate. so many at the top rate are going to be paying more because losing the deduction from state and local taxes especially from high-tax states. are you open to that? i know senate calls for lowering 39.6% to 38.5%. would you be open to lowering it some more? >> well, yeah, the real question we're trying to answer is when you look at the distributional tables, the folks at the top end of the economic bracket see a tax increase in some of the blue states because they're already having to pay really high state taxes. i wish that would change by the way. we're trying to change that in a couple of ways. i assume it would be to beef up the salt provisions that were stuck into ou

has sent it soaring on the latest read on sent hitting had the second highest ever the conservative nfibl business association do support the bill despite initial criticisms of the plan >> we've been generally supportive of the bill because it provides tax relief for most small companies. it encourages investment both from individuals and companies in their businesses, and it sort of sets the stage for economic growth over the next few years, but we are concerned that it increases the deficit. >> the plan does include, of course, lower rates at 20% deduction for pass-through businesses on joint income of $315,000 a year and a drop in the corporate rate to 21%. the nsba does say they'd like to see an even simpler tax code to ease for companies and they hope it will encourage investment and new business creation. it's very happy to see its top legislative priority move closer to the finish line today, guys. >> yeah. it didn't get simpler in some aspects at all, did it >> i talked to the fax foundation quite a bit today we all have. >> all right >> crude has seen a nice jump in the past few

if you look at the nfib index, it shot up at the election and it hasn't come down.litator rather than regulator. >> much better. dagen: andy puzder, thank you very much. passing the box to keep the playoff dreams alive. highlights from monday night nailbiter ahead. both fedex deliver, but analysts are expecting for the second-quarter earnings due out "after the bell" today. ♪ i'm mark and i quit smoking with chantix. my friends and family never thought i'd be the one to quit smoking, i was such a heavy smoker. but i was able to do it with chantix. i did not know that chantix would reduce my urges so significantly. along with support, chantix (varenicline) is proven to help people quit smoking. chantix reduced my urge to smoke. when you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. some people had changes in behavior or thinking, aggression, hostility, agitation, depressed mood, or suicidal thoughts or actions with chantix. serious side effects may include seizures, new or worse heart or blood vessel problems, sleepwalking o

look at business leaders, you talk today business leaders, i talked to business leaders, nfib came upers the other day on how excited business owners are to hire people, over 50% of them are hiring people and can't find people in the workforce, the numbers are just staggering. this wasn't happening a year ago. i ran a business a year ago, a year ago all we were doing spending money and time dealing with regulation and being worried about the federal government, now businesses are being -- are excited to invest capital and work with the federal government. stuart: you spent more time answering that question than any one that i asked this morning. no wonder you're laughing. next one, 4% growth next year? yes? >> yes, sir. we were supposed to be 4% if it weren't for hurricane. we are continuing to see growth and continue to go see job growth with the tax plan, we are going to easily 4% growth next year. stuart: gary cohn, we appreciate you being with us as always. >> my pleasure, stuart. thanks for having me. stuart: check the big tech stocks, please, they have been doing well, very well

the nfib, our nation's largest small business advocacy group has strongly endorsed this final bill. small businesses make an outsized contribution to our nation's economy and yet they face a tax burden that can reach nearly 40% at the federal level and can be significantly higher than the corporate tax rates paid by large firms. small businesses are forced to have more tax resources rather than investing in their communities. this bill provides important tax relief to small businesses that are the backbone of our economy. let's listen to the words of some of the small businesses who have written or talked to me from maine. the owner of windham mill work, an architectural woodworking company described the relief for small businesses and how it will help manufacturing workers and families this way. most pornl it -- importantly it means that windham millwork will have more money to spend on what matters, our workers and community. with the money we save, we can create new jobs or offer better pay to our workforce and that helps everyone in our community and contributes to a growing mai