ken langone, always good seeing you. >> nice seeing you.>> neil: where are you going? you're a billionaire. you do what you want -- >> how do you know? how do i know? >> neil: bloomberg told me. more after this. you might take something for your heart... or joints. but do you take something for your brain. with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember. >> neil: these massive wild fires are burning out of control in california. in san diego, there's evacuations. we learned that help could be on the way. we'll explain in 60 seconds. >> neil: all right. at the white house, we're waiting to hear from paul ryan and mitch mcconnell. they've been meeting with the president. the democrats have already left. part of this was to come to a deal to keep the government doors open for another two weeks at least so they can move on to fight another day and avoid any threat of a shutdown. all of this over how to handle the budget differe

he will join us live from there tomorrow guest host this morning ken langone, founder of invimed associatesyou know a little bit about entrepreneurialship, the economy, starting things, building wealth, prosperity, paying taxes >> creating jobs >> creating jobs >> with 233% in the dow, that's a little weird to see a 62% disapproval rating >> tell me about his approval rating before he got elected >> it was also 62% disapproval. somehow it happened. >> that's all that matters election day >> is this me still? wall street looking to start the week on a positive note. i think aetna and cvs and the superlative, both companies might be the top story today u.s. equity futures trading sharply higher up 230 points on the dow up 18 on the s&p up 34 on the nasdaq. the big driver today, optimism about tax reform >> i wasn't kidding, but i was -- let's just move on. >> cvs health is buying aetna for $207 a share in cash and stock. a deal valued at $69 billion both ceos are here we'll talk to them in just a minute first, let's talk about the big rally. >> i still think 33% we say it so easily. in a year

i went down to have dinner with bernie marcus and arthur blank and ken langone.nd i said to them, "i have to confess to you guys. until you called me up, i had never been in a home depot." david: right. [audience laughing] only reason i went is because the guy who worked for me said: "jamie, you've gotta go to one before you go to that dinner." and-- and they didn't care. they said, "we want you, the person. we're not interested in what you know. we're looking for the heart, the mind, the spirit. we're not interested in what you know about merchants and stuff." couple of internet companies. a lot of them is on the money. "you'll make a billion dollars" type of thing, and-- so at bank one, i figured this is my chance, you know. how many major financial companies are there? thirty? how many have changed their ceo in their three- or five-year period? four, five? how many of those are gonna go outside? one? and it's probably gonna be a troubled one. so i said this is my commercial credit. it'll be what we make it, and i put a lot of my money into it. not because i th

line is that the debt crisis is the one thing that can't be reflected in numbers like this yet but ken langoneome depot co-founder that it should be. >> is the tax plan out of box? >> i don't know. i know this much. there are two dragons out there we better be worried about, the deficit and the federal debt. we're going to pay a hell of a price. we at some point are going to be confronted with serious economic recession. i don't know when, two years, three years. who knows? can't keep doing with 1%, 2%, 3% interest. look what's happening with the state pension funds. why? no return. neil: that's something that my next guest has been bemoaning for the better part of a decade. for me, longer than that, obviously with his life, talking about former u.s. controller david walker. david, he's singing you're tune, this debt is a big issue, we tend to focus on the federal government, when you add unfunded obligations across the board and with everybody, closing in at 85 trillion, but what do you make of what ken langone was saying? this is a ticking time bomb. >> neil, first it's good to be back with

how does that work >> listen, ken langone and jim cramer happen to be the wealthy.ake a look, these are huge tax breaks for the biggest corporations that's the first thing they're doing. okay the biggest corporations are owned by the wealthy that's who actually owns those shares and secondly, if you look, they're changing a lot of specific things to give chances for people to get lower tax breaks by changing their tax status so in fact, what we're really going to see here is a dramatic pushing of money out of the government, into the pockets of rich people, and then the second question is going to be, how is the government going to deliver the kind of health care services, the kind of education, the kind of job training, that they traditionally have. the answer is, they're going to cut all those things that's the second step people are going to have worse services because we can't afford them because of the deficit. >> when it comes to ordinary income and individual tax rates, though, for the majority of americans, it's lower for longer, right? when you have a high

ken langone, the founder of home depot. his read at 4:00 p.m. today. trish regan, trish: you have been listening to white house press secretary sarah huckabee sanders on a pretty busy day. we have jet showdown on capitol hill. al franken resigning as senator and a raging wildfire in the los angeles area. stocks continue in the green. s&p trading up nine. nasdaq composite up 37. i'm trish regan. welcome, everyone to "the intelligence report." president trump will meet with congressional leaders in about an hour from now as he looks to work with democrats to keep the government funded. congress is expected to pass the temporary solution to keep the government funded through december 22nd but these lawmakers need to stop kicking the can down the road. they need to get to work. they need to stop playing partisan politics. and they need to do what is best for all of us, the american people. in a moment we'll go to blake burman at the white house. he was listening to sarah huckabee sanders and the press conference where a lot of things came up including al f

ken langone, the founder of home depot. his read at 4:00 p.m. today., trish: you have been listening to white house press secretary sarah huckabee sanders on a pretty busy day. we have jet showdown on capitol hill. al franken resigning as senator and a raging wildfire in the los angeles area. stocks continue in the green. s&p trading up nine. nasdaq composite up 37. i'm trish regan. welcome, everyone to "the intelligence report." president trump will meet with congressional leaders in about an hour from now as he looks to work with democrats to keep the government funded. congress is expected to pass the temporary solution to k