tom: jim o'neill with us. legendaryjim o'neill at goldman sachs, particularly on foreign exchange. e the days. tom: it was a few days ago. i want to show you a chart here, thatgoing into the shop everyone has over little person. this is trade-weighted sterling. i want to bring in a banner in honor of james o'neill, and we go back to 1992. i cannot pronounce it, jim. whatever. he is a manchester united -- whatever! united giant from 1992. the fact of the matter is, jim philip wheeler back to it. jim, we are back to it. wind is wealth destruction kick in? jim:jim: first of all, i am very impressed that you identified that period. tom: i read the thing today on it. i don't think enough has been made -- jim: you should get eric cantona in here. francine: i would love it. tom: as well.o it with you the fact is we back to a weakness on sterling, we are back to a 1992 weakness on sterling. what does that signal to you? jim: obviously the markets have already priced in a big discount, what economists would call a decline in the equilibrium value of the pound, sort of negative volatility sho

a lot of strong personal relationships there between the president, tip o'neill, jim baker, dan rostenkowskind other key people. what i would say is they had to surmount some of the same substance and political concerns but directly to your question, from the start, it was being very important that it be revenue neutral. david: in was bipartisan which is what we are not looking at right now. they took a lot longer time to work at all through. how concerned are you that we haven't had an opportunity to really think through what is being done and the ramifications? how confident are you that we will get the kind of growth that they are predicting? bob: even though there was a great number of tax reform done in the first reagan administration, the great amount of work was done after bigger got to the treasury in 1985 and the bill was passed within a year. a good amount of time has been spent by the administration. i think we are at the point where it is likely we will have tax reform. more than 50% likely that it will be this year. david: give us the growth of predicting. bob: it will certainly

we're sending it back to you, jim and shawn >> that is really cool, you know, they always say have a little beer, brings folks together. been doing that for year >> tip o'neillbama, there you go. >> that's right. >> it's the thing is what it is. >> thanks for joining us. for 5@630, the news continues on digital at fox 5 local news dc.com >> tony and shawn on fox 5 plus. when i was 3, children's national helped me beat the odds so i can play with my grandkids. so i can celebrate 50. when i was 14, they saved my heart so i could bring family together. so i can help cardiac patients just like me. so i can serve my country. so i can do what i love. so i can give back. so i can play in the junior olympics. so i can make plays. so i can do this. so i can race my friends. w up, they helped us grow up stronger. announcer: today on "tmz" -- harvey: so mariah carey is in the crosshairs of a security company that says she disrespected them in a big way by calling them azis. >> not only that, he's claiming she sexually assaulted them. she called him into her room. >> that wou