david: thank you very much caroline harris. she is u.s.er of congress chief tax counsel and vice president of tax policy. shery: the third missile in the south that they have intercepted. it could bring more confrontation. that story is next. this is bloomberg. ♪ ♪ david: this is "bloomberg markets: balance of power." me david. -- i'm david westin. and i'm shery ahn. the iranian backed militants were targeting a meeting at a palace. saudi officials were expected to approve the budget. this is the third missile the saudi's have intercepted in two months. we are joined by phone from divide. this missile attack was aimed at heart of theery saudis. how serious is this develop it? messageope is sending a to the saudis that they can hit them where ever they want to. they are also threatening the oil installations if they so desired. they want to get into a tip for chat with the saudis. as long as they are bombing yemen, they're threatening to strike. the saudi's are reacting by pointing out that this explains why they are even after them in yeme

tracking this all for us joining us to discuss it a little more is caroline harris who is an executive director at the chamber of commerce and ben salisbury at b. riley, welcome to you both. ben, let me begin with you so, it is interesting that they're going to lower the top rate, but they're still going to leave the individual amt in there, how does this shake out for as it shapes up? >> well, so, i mean, the individual amt is designed to make sure that certain types of income or earners and especially with a lot of inherited end up paying some form of tax. so that should be sort of more or less as it always has been. i don't see a lot of big change there. >> wait a minute, there's a ton of complaints about the individual amt because it's never been inflation adjusted, sucks people who are professional lawyers, doctors, and that income sweet spot, about 300 to $600,000 who would be affected by this. it seems like something that should be addressed if they're going to reform the code, right? >> i had an opinion of that one way or the other except as it relates to my personal amt, but f

and my granddaughter caroline, was harry truman. [laughter] other good friends were franklin roosevelt. the night of a gathering for the parents, these little people came out there in gave a wonderful account of who they were and what they did and why they should be known about. and all of us were just amazed! and i know for certain, that not one of those children will ever forget which president they were. it will be with them for the rest of their lives. that is the kind of thing that can work wonders in many ways. i think we need to bring what i call the lab technique, to teaching history more than we have in this is true all the way through high school and college. get them involved in a project where they have to do the work. they can dig in and get their hands dirty and do the research. we should not just hand them everything and say here's what you need to know, here is why this is important. all of this and all of that. it will be on the test. number get them pumped by getting involved in the detective case aspect of it. and

we welcome the chamber's chief harris,sel, caroline who comes to us from washington. you know this so terribly well. take a look of the conference committee and what will be reconciled. this has come along way. what are the prince will differences from your people point of view and the businesses that subscribe to the chamber of commerce, what are the most concerned about? encouraged by the house and senate bill which lowers rates for all businesses. i think some of the differences we will need to see resolved are the senate on friday night very late reinstated the corporate some of theg progrowth impact and we will have to see that repealed and i think we will need to see some of the international differences were kept a major we can be globally competitive. maybe interested deductibility to make sure that's consistent and some of the anti-abuse provisions. i am encouraged, after go back to the fact that i am extremely encouraged by where we are now. shery: how do you feel about president trump opening the possibility of the corporate tax rate increased to 22%? i'm n

caroline shively, fox news. ♪[ music ] >>> breaking news. a judge makes a decision in the ghost ship fire. derick almena and max harrisill stand trial on 36 counts of manslaughter. that's one count for each victim in the fire a year ago. good evening, i'm heather holmes. >> i'm ken wayne. frank and julie are off tonight. let's get straight to ktvu's henry lee. he was in the courtroom when the ruling came down. >>> reporter: judge horner says there's very strong evidence to hold derick almena and max harris over for trial. he said the two men are criminally liable for what he called an unspeakable tragedy. today in court family wept as the prosecutor read the names of 36 victims one by one during the preliminary hearing for the deadly ghost ship fire in oakland. prosecutors said derick almena was essentially the landlord of the ghost ship warehouse and that max harris acted as his property manager. the judge agreed with that and said the two must stand trial on 36 counts of involuntary manslaughter for each victim. defense attorneys said they fully expected the judge's ruling but argue if the city of oakland and the wa

caroline fountain, fox news. >>> fantastic that program like that exist. we're just now hearing an interview between former president obama and britain's prince harry that happenedterviewed the radio just today. the two sat down in toronto in september during the invictus games a sports event for injured military personnel that prince harry champions. mr. obama spoke about the impact of social media. >> one of the dangers of the internet is that people can have entirely realities. they can be just cocooned in information that reinforces their current biases. the truth is that on the internet, everything is simplified, and when you meet people face to face it turns out they're complicated and you find areas of common ground because you see that things aren't as simple as had been portrayed in whatever chat room you've been in, and it's also by the way harder to be as obnoxious and cruel in person as people can be anonymously on the internet. >> isn't that the truth? mr mr. obama also discussed the moment he took off in marine one the day president trump took office he call it a satisfying feeling though he said he still had lot of work he wanted to get finish. th