connell mcshane, what are you hearing? >> live shot from local television, dupont, washington, look at it hanging off the overpass on to the freeway below. a couple of things here, this happened, this derailment just to the south of seattle about 45 miles south of seattle. little over an hour ago. you see the local time posted there at 9:05 just before 8:00 o'clock, morning rush in the pacific northwest with the train with 70 people on board derailed. now, there are to quote the local authorities injuries and casualties associated with this derailment. we are just not sure how many. as the camera zooms in, the cars on the road certainly would have been affected by this and there were injuries were told on that road, the busy i-5 but no carp casualties on the road, we are not sure the same can be said for the passengers on the train. part of cascade service. amtrak cascade service in the pacific northwest, high speed rail line and just today they added two now round trips between portland and seattle that were beginning tod

[applause] david: connell mcshane, with us now. connell, this was the president's final sales pitch to america an capitol hill. the house and senate will vote on a bill next week, right? reporter: that is still the plan, david. interesting to hear what the president was on all of this, although updates we've been getting past couple days are focusing on tax rates for upper income people and also for businesses, the president this afternoon kept his focus where he has been in many speeches we heard him deliver, that is on the middle class. invited up a number of families, middle class what they hope to save what they hope to do with the savings. he delivered what he described as breaking news. >> if congress sends me a bill before christmas, the irs, this is just out this, is breaking news, has just confirmed that americans will see lower taxes and bigger paychecks beginning in february. reporter: this speech just came after the president hosted a lunch with some of the conference committee members working on combining this house and

the fox business network's connell mcshane is live in new york. connell? >> well, you know, trace, companies will save a lot of money on this tax cut plan. no doubt about that. the corporate rate coming down from 35 to 21. banking, for example, outside of wells fargo here in new york city. the banks pay high rates under the current system. so wells fargo with the savings it has is planning to boost the minimum wage. we'll take a look at the other announcements from companies. they've been all over the place. at&t, a billion in investments in the united states, $1,000 bonuses to employees. we talked about wells fargo. the key in talking to experts about this, you have to look at the companies saying they're going to hire or saying they're going to boost wages. the economists say that is more beneficial long-term for the economy than a one-time bonus, trace. >> trace: connell, the democrats are pointing out that a bunch of companies bought back stock ahead of the votes, right? >> yeah. saw some comments about senator schumer about that. a number of democrats

with me connell mcshane in d.c. with the latest on the snafu, connell, what is going on? reporter: nothing is easy, liz, especially in washington. we had so much fun voting today, apparently they will do it again tomorrow. it doesn't mean the bill won't pass. it will eventually be signed into law by the president but it does affect the timing of that passage and potentially the, the signing of the president. the democrats complained on capitol hill about certain provisions in the bill saying they were in violation of the senate's special budgetary rules. the smart parliamentarian weighed in. weighed in favor of democrats. once the bill passes, if it does in the senate it, will go back to the house. the two bills must match up and house will have to vote again. as they did earlier today, we presume it will pass again. then, only then can go to the president's signature. one question is provision with 529 plans to be used for homeschool expenses and exempts colleges from endowment taxes if they have fewer than 500 students. bottom line that is violation of the rules, parlia

go to connell mcshane with the breakdown of the companies already looking to hire more since tax reform passed, and pay more. connell. reporter: well we've seen that david, certainly what senator schumer said. both could be true. ceo's could make more and workers could also make more have their wages be boosted. we don't know how it all plays out until we get long-term wage data and job data after the tax bill, to your point we have seen individual companies already come out and tell us they either plan to pay their current workers more or to hire more. here are some examples. cvs, 3,000 workers they're pledging to hire. fedex will increase hiring. fifth third bank corp says they plan to pay hourly employees a higher minimum wage, 15 bucks an hour. we're at wells fargo in new york. same deal for wells fargo. seen those announcements. others are handing out one-time bonuses. others announcing they buy back their own stock. speaking to experts about this, they say the buybacks help shareholders certainly could help market. one-time bonuses are great. corporate pr, help workers getting the

i'm connell mcshane once again for david asman. melissa: i'm france france this is after the bell.ur ahead. also a big hour. the dow climbing on hopes for tax reform. congress beginning process of combining the house and senate bill tonight. how two bills stack up against each other and what is likely to live on in the final draft.

here from times square is connell mcshane. connell?eporter: well, melissa that handwritten facebook or that written facebook page note that you referenced there came right before the terrorism suspect, akayed ullah came to midtown man hat to try to carry out yesterday's attack and in it he specifically mentioned the president saying, trump, you failed to protect your nation. that is one of the things that we're learning about this suspect. of what we're learning coming in a federal criminal complaint. we'll talk about that in a moment. first let's look at federal terrorism charges this man is now facing. they include providing material support to a terrorist organizations. using weapons of mass destruction. the homemade pipe bomb he said to have brought here, destruction of property, fire, explosives and misuse of a destructive device. the acting u.s. attorney here in new york in the southern district adding to all of that in terms of what led up to all of this. >> in terms of the timing, what's in the complaint is that he had been pla

connell mcshane with the very latest. hey, connell. reporter: neil, this attacker, suspected terrorist, akayed ullah, originally from bangladesh we're learning more about him during the day. we're not sure about the motive or if he meant to do exactly what he did. we have picture taken moments after the what the authorities describe a low-level explosive device detonated during tunnel beneath new york city where commuters walk from line from the very business port authority terminal from 8th avenue under times square to 7th avenue. so many people near him when device was detonated, he was injured. burned on his hand and midsection of his body, what we understand. three people near him were also injured but the injuries were only minor. the mayor of new york had this to say about this latest attack or attempted attack on this city. watch. >> new york will always going to be because we're beacons of the world and we actually show society of many faiths and background look. we show democracy at work. and our enemies want to undermined tha

connell mcshane joins us from capitol hill to break it down for us. reporter: as far as we can tell this is process and procedure. the republicans in the congress appear poised to pass this sweeping piece of tax legislation. but to your point may have to revote in the house to do it. the vice president mike pence spent a great deal of his time on capitol hill and he told us they are in great shape. one of the provisions seen to be in violation of the senate rules. one is the title of the bill. other is to use the college savings plan for home schooling, and the criteria of whether endowments for universities are subject to the excise tax. the house speaker nancy pelosi putting a statement out saying the house revote is the latest evidence of how shot -- how shoddily written the gop tax scam really is. >> the public is going to catch on. they will see this as a con job and it will catch on it will give the middle class the shaft. >> accusing the republicans of hating the poor and loving the rich has nothing to do with reality. but they are getting more

connell mcshane with latest on all of the above. hey, connell.ter: we learn more as the day goes on. all federal developments we've been reporting on still stand but new details on the suspect in the new york city attack actually come in from bangladesh. his wife, suspect's wife reportedly called him from bangladesh morning of the bombing. abc news, told them, she saw quote, no signs this kind of thing was coming. she called the guy, akayed to wake him up for work. she quote, never ever spoke badly about the united states. of course that would differ from what the suspect himself alleged to have told authorities here after the bombing. the criminal complaint we learned ullah claimed to carry out the attack for the islamic state and said to be angry about u.s. policies in the middle east. second thing from bangladesh, that ullah did not appear on any of their terror watch lists. that does fit in what we're hearing from authorities who are saying nothing would have tipped them off about this guy before this week. we put it all together. we expect u

connell mcshane has the details. >> good morning, cheerio mooring. we thought passage of the tax bill last night would be enough to send it to president trump for signature, but this is washington and nothing is easy. the house will have to vote again this morning because some provisions were found to be in violation of the senate budget role. one of those provisions was the actual name of the bill itself. you can make it a. republican leaders continue to assure us a procedural hold up what not much in the end, but there are concerns in this town that extend beyond just taxes. for one thing, will there be a government shut down friday night. brett bair, republic of fox's effect to the majority leader. >> not going to happen. neither side wants to do that. >> what are you getting on? >> will work it out. we always do. senator schumer and i discussed it. we will not be doing doctor this week. that's a matter to be discussed next year. >> is talking about the dreamers come at immigrants came illegally as children had that discussion has apparently been

connell mcshane in times square with latest on terror investigation. hi, connell. reporter: hey there, trish. really latest are federal charges unveiled against akayed ullah. they include not limited to follow up on the screen. providing terrorist supportterrorist organization. uses weapons of mass destruction. bombing a place of public use. destruction of property and use of destructive device. those charges are unveiled investigators tell thaws they are digging continues into the background of this suspected terrorist. they seem to think so far, yes, indeed he did work alone, giving us details today of planning that went into yesterday's attack in midtown manhattan. for example, ullah is said to be radicalized online in 2014. few years back he made a pipe bomb was used her underneath the port authority, subway tunnel himself. made it at his home. speaking of his home, they found a whole host of different things. wires, fragments, christmas lights, essential pipe bomb-making kit at the home of akayed ullah. when you began your program with this case, this story, p

connell mcshane on capitol hill following all of that. what can you tell us? connell: it's interesting. and it is on to the next thing here in the pressure on both parties to you're going to try to avoid the government shutdown by friday night at midnight. on the republican side, fresh off the tax cut success the government shutdown is the last thing they would want but the pressure is on to get as much as possible into the continuing resolution. >> i've been talking to members of the freedom caucus and members of our conference is the speaker majority leader have to make sure we've got the right package put together for disaster relief coming california wildfires. but then also make sure our defense department is properly funded. connell: best the gop. democrats by. democrats ideally with a different issue essentially making a choice about whether they are going to shut down over the so-called dreamers. people brought here legally when they were children into the country as undocumented immigrants have said they won't be a daca fix. the farmer protesters in an

the kids are expected to save more than 40 percent of that money much that's business, i'm connell mcshanetold you a fake doctor claiming to a gynecologist. now the hospital is facing a federal lawsuit and now we're hearing from state and local leaders about the allegations. marina maracco live in the news room with more. >>reporter: just yesterday one of the patients in the case was the first to go public. today maryland governor layer humidity and is reacting to the news that for years prince george's county center treated dozens if not hundreds of women deliver their babies. governor hogan did not hold back in his comments about the prince george s hospital center. he say s at the issues at the county hospital are some of the reasons that make him ground today at the new m d.c. medical center. when you have people practicing licenses and get away with it for that many years there's something wrong with the hospital system and something wrong with the school system when they won't do anything with these scandals. prince george's county executive rashan baker was asked if there is an issu

i'm connell mcshane in for david asman. melissa: i'm melissa francis. this is "after the bell." here is what more we're covering during this totally insane hour ahead. the big washington bombshell, former national security advisor michael flynn pleading guilty lying to fbi. this as speculation builds other shoes may drop. abc reporting that flynn may testify against the president. senate majority leader mitch mcconnell says there are enough votes to pass tax reform when the senate finally votes. what did they put in the bill to get holdouts to change their mind to get to yes and what are they taking out? we'll cover this and more. among our guest this is hour, steve forbes, former defense attorney gregg jarrett, texas attorney general ken paxton and iowa congressman rod blum. we're awaiting senator senator. he is expected to speak on the senate floor any moment with new details on the senate tax bill and schedule going forward including when we can expect the final vote. we'll bring you his comments live as soon as they begin. connell: don't see them yet. we begin with the marke

with more on the trump speech is connell mcshane in d.c., what's the latest? >> reporter: was a big party at the white house earlier this afternoon, liz, as the president invited members of the house and senate on the republican side to celebrate the passage of the tax cut bill and celebrate they were speaking some of that news you were alluding to from companies starting to come in and hand it to the president. that's the big question about the tax cuts. as companies save more money with the corporate rate from 35 to 21%, what would they do with it? the skeptics have argued from day one, more likely to buy back their own stock than they would be to invest in their own workers. the at&t announcement are making a one-time payment of $1,000 to around 200,000 of their own workers. bigtime bonus going out to union workers not to management. at&t is facing that justice department lawsuit over attempt to buy time warner. the president to my earlier point got the news while he was speaking. here it is. >> and i noticed, this just came out two minutes ago, they handed

first to connell mcshane, standing outside of a wells fargo bank, one company giving back to its employees because of tax reform. connell, i love it! reporter: interesting, trish, because the corporate rate coming down from 35 to 21% that is really centerpiece, you know of this tax legislation. helps certain companies more than others. looking at banks, wells fargo, as an example, the effective rate wells fargo pays under the current system is relatively high 31%, what is really pays. gets it down to 21, that is a lot of money saved. the question is, what will you do with that? wells fargo will raise the minimum wage. pay certain hourly employees up to 15 bucks an hour. fifth third bank corp made same announcement as wells fargo. that is the kind of thing they love to hear at the white house. watch. >> there is this idea that if you give american companies more opportunity, they will then invest more in their workers. they will invest more like comcast in infrastructure. they will invest more in things that are important into growing our domestic economy. that is exactly why we did it. rep

neil: connell mcshane, that's the judgment call on this corporate side. they disproportionately did benefit from the tax cut and the feeling is they can't plow back into the stock and hope for the best. some of the companies that are doing some of the things connell outlined could be a sign of things to come and if a fraction do that on top of the market gains, on the market advance will be the other developments. to gop strategist chris who upgraded network ceo, alfredo ortiz and certainly last but not least, democratic strategist jessica tarlov. jessica, i know you don't like to prespend your tax cut, but what do you think of democrats, not a one voted for, this just like not one republican voted for health care, and there might be a problem with that down the road because when it comes to tax cuts, they generally do produce some bang for the buck, and they might feel like odd man out, what do you think? >> i think in the short term, democrats need tong how they're going to message on this. i understand there are substantial cuts going to the wealthy he

i'm connell mcshane once again for david asman. melissa: i'm france france this is after the bell. what else we're covering, very busy hour ahead. also a big hour. the dow climbing on hopes for tax reform. congress beginning process of combining the house and senate bill tonight. how two bills stack up against each other and what is likely to live on in the final draft. reversing government overreach. president trump on his way back from utah, announcing a major roll back in regulations of two national monuments. we'll take you live to salt lake city for more on the historic move. president also calling into credibility of the fbi into question, after new reports surfaces on key age sent caught sending anti-trumpç texts. latest on this story from the white house. among our guests this hour, mike huckabee, dan henninger, liz peek, grover norquist and general jack keane. >> go to the markets first. that abc didn't work out for brian ross as planned. >> oops. connell: and the trump campaign. with all of that we close higher on the dow. nicole petallides on floor of new york stock exc

connell mcshane to break it down. no rest for the weary, right, connell?the next thing. if this was a sporting event, you would hear a lot about not wanting to lose momentum for republicans after victory on tax reform. the last thing anyone in the white house wants is partial government shutdown on midnight friday when the deadline is upon us. watch this. >> probably end up with a two-week cr. we'll get the spending into next year at current levels and we'll deal with caps and we'll deal with all the spending issues. military issues, and all of the other issues in the beginning of next year. reporter: that essentially the optimistic case there from gary cohn at the white house. the house of representatives, the republicans we're told do have a plan that will be talked about at the top of the hour. it essentially would be a stopgap funding bill that gets us through the 19th of january. limited measures to boost the military included as part of that. they would tricep rattily to move on $81 billion for disaster relief funding there. are other issues, some on

i'm connell mcshane in for david asman. melissa: i'm melissa francis. this is "after the bell." what more we're covering during this totally insane hour ahead. the big washington bombshell,

i want to head to connell mcshane. this is horrible news on the latest who this terrorist was and what he is telling authorities because he is in custody now. hi, connell. reporter: hey there, trish. akayed ullah was living in brooklyn for some years. he was working as new york city cab driver, a job he gave up in 2015. he was originally from bangladesh. if you're working towards a motive we're working for clarity. our corporate cousins at the "new york post" have a story on their website where they quote that the suspect is speaking to authorities, they have been bombing my country and i wanted to do damage here. unclear what he was meaning by that he was from bangladesh originally. this guy had a explosive device what the authorities describe as a low level explosive device strapped to his body, and it went off at 7:20 in the middle of morning rush in an underground tunnel. it is a destroys according to authorities he may have made on his own. nypd counterterrorism chief john miller adds this. >> the device is based o

let's get to connell mcshane live on the ground with more on this story. connell, the breaking news is that he was inspired by the christmas holiday attacks in europe. go ahead, connell. >> yeah. law enforcement officials have been adding to that picture about the suspected terrorist. the 27-year-old that came from bangladesh. and to your point inspired, not directed, but inspired by isis. again, 27 years old. originally from bangladesh. came here by using essentially his own relatives who were living legally in the united states to obtain what they call a chain migration visa. all legal, still and at the time it's a program president trump would like to do away with. but it was in place when he came into the country legally. at one point drove a new york city taxicab but gave up that job a couple of years ago. now, for what he did here today just behind me is the busy port authority bus terminal which has reopened for business. but during the morning rush about 7:20 this morning, this guy showed up, and he was walking alongside a group of commuters in a su

neil: james freeman, we've got connell mcp shein, of course, of this -- mcshane, of course, and last t not least, a democratic strategist. connell, your thoughts. you're covering this, you've tacked to people who are out there and whether they're shopping more, we clearly see that. the mood seems to be to buy, buy, buy. a lot of that is because of what the president proposed. what do you think? accomplishme separate from that people were already feeling confident. >> reality is a pickup of the activity that is real when you look at markets and economic numbers and we will see more, fall off on the reality of it and sell on this reality. >> we are late in the recovery but it is a slow recovery and it is remarkable how we have seen this acceleration, we are having another good quarter in the fourth. we have a big incentive to invest in the united states. a big encouragement for companies to expand. as you have been discussing the paychecks will start getting fatter in february or march, there is a very good economic story and the president by signing this, gives republicans a fighting c

fox business's connell mcshane. glen hall. independent women forum had hadly heed manning. what time frame we're looking at. >> looking like it is going in his direction. so much hundred unusual that whether it would get done -- minutia. they want this thing finalized by today. you start debates next week. midweek the plan still is to have the president signing into law which is interesting because once you get to the end of next week, it is not talked about as much today, again we're talking about all the details of getting this particular bill passed, you run up against the other deadline, making sure the government is funded, not shutting down next friday. still trying to get you will of that done before then seems to be the rule. neil: i hear you. glen, one thing you immediately hear of, as soon as one concession to made to senator to keep him in line you tick others off, right. >> you will hear others how we pay for it. neil: corker, why he was a no vote going in. might remain a no vote. >> that is the challenge. they have to keep it under the $1.5 trillion cap. that i

connell mcshane with us on the wall street editor jon hilsenrath. good to see you. happy monday. welcome, carmel. >> very nervous to be your. back with dagen, could be awkward. trevino's awkward comment you maria bartiromo and connell are my two favorite people i've ever worked with my entire professional career. in neil cavuto. i had to sidney lanier. day one of you joining us. >> i'm happy to be here. should be fun. true they don't solid up, connell. true to tax reform happenings over the weekend. new york congressman peter king is with us. from the reagan white house, chief white house political adviser ed rollins is here from whitewater independent counsel robert ray in roxy senior judicial analyst judge andrew napolitano is here. ceo and former nfl star jack brewer is here. thus to talk about in football. the top story can make a merger with a shake up for an industry. cbs has agreed to acquire health insurance giant aetna for $69 billion would combine the health care group which operates more than 9000 pharmacies that covers more than 22 million people. aetna shareholders t

connell mcshane during ahead i was doing on friday text and said "star wars" banks. that's what he said. i think he was trying to egg me on. they know nothing. economic security as a national security. in a major security speech later today. we have a preview of what that means for america and the rest of the world. ♪ she's nationally recognized for her compassion and care. he spent decades fighting to give families a second chance. but to help others, they first had to protect themselves. i have afib. even for a nurse, it's complicated... and it puts me at higher risk of stroke. that would be devastating. i had to learn all i could to help protect myself. once i got the facts, my doctor and i chose xarelto®. xarelto®... to help keep me protected. once-daily xarelto®, a latest-generation blood thinner... ...significantly lowers the risk of stroke in people with afib not caused by a heart valve problem. it has similar effectiveness to warfarin. xarelto® works differently. warfarin interferes with at least 6 blood-clotting factors. xarelto® is selective, targeting just

connell mcshane with the very latest. hey, connell. reporter: neil, this attacker,