welcome to cashin' in, i'm liz claman. rachel campos duffy, juan williams and steve cortez. you show how tax cuts boost the economy, give us some evidence. >> oh, absolutely. by the way, most people when they talk history here and tax cuts they go straight to ronald reagan, he's a great

liz claman asked warren buffett about the record run. liz: do you see any relation to the stock markets hitting higher and higher and what we saw with the bubble in 2007? >> it is not a bubble situation like it was then. lauren: vision funds heather zumarriaga joins us right now. hi, heather. >> hi,. lauren: lauren: stocks keep going up and up, right? >> warren called it a bubble. said we're not in a bubble i suppose. september is historically the worst month of the year as you mentioned. i would not be surprised if we get a 10 to 15% pullback in the markets. although the retail investor could buy that, see it as buying opportunity if we get a dip. we do have low inflation. we do have economic expansion, 3% gdp growth, jobs data, a weak dollar. so things look good. we may get a pullback. lauren: heather, any chance this september is anomaly and good month for the stock market? i say that because congress has a lot on the agenda? they're dealing with a disaster and disaster relief for texas? do you think they could be productive here and

welcome to cashin' in, i'm liz claman. here with us, rachel campos duffy, juan williams and steve cortez. you show how tax cuts boost the economy, give us some evidence. >> oh, absolutely. by the way, most people when they talk history here and tax cuts they go straight to ronald reagan, he's a great case. i'd like to go further back to john f. kennedy. my irish grandmother on my mother's side she had a picture of jfk on her wall. i think that's mainly because he was irish and catholic and handsome, but i would put a picture of him on the wall because he was a tax cutter. a lot of people don't know that. he was the last democrat who really believed in cutting taxes and what happened, sadly, he didn't live to see a lot of this. but what happened as a result, the economy soared in the mid to late '60s, as did the stock market. so, jfk proves when we cut taxes, we incentivize people and put money in their pockets and empower them. great things happen and prosperity is lifted for all. particularly the middle class. liz: let's

single one of you for tuning in, loyally, every day, we're here for you and you're here for us, liz clamanyou know why, trish? we are looking at business in not really a snobby way, right? we're trying to make it really focused. trish: on the news. liz: how about that? as the news affects people's wallets. trish: exactly. liz: to this. the spin over who controls the conversation on tax reform has hit critical mass at this hour. president trump returning from florida, he's in the air right now but multi-tasking in the hurricane-stricken florida area visiting victims, touring the devastation in nape else and ft. myers and helping out on the food line. at the same time, throwing clarifications out to reporters on last night's so-called

the news conveniently comes one day after warren buffet who was a huge shareholder sat down with liz claman on closing bell. is it a coincidence? >> they made multiple mystics and plenty for it. i was at solomon when they had mistakes, we had thing not on the scale, obviously, but you go forward. tracee: interesting there. wells fargo stock fell yesterday behind big rivals. cheryl: let's talk about tesla, big labor complaint against them tracee: allegations of unfair labor practices from workers in freemont california factory, nondisclosure agreements and tesla harassed them during unionizing efforts. administrative scheduled for november 14th. we will be watching that. lauren: getting back to harvey, cell phone drying companies that are helping the victims. tracee: it's not just the homes that were damaged by the flooding, cell phones good ruined too, to help people get back up in running, one company, the ekdry drove 15-hour trips to help make dead phones back to life. they set up next to convention center, by the first night there they saved about 20 cell phones. cheryl: that's a great s

liz claman is going to keep you updated on the new technology. liz: you should have seen the floor crew, scrutinizing the announcement, everybody wants to see what's unveiled. yes, ten years after steve jobs introduced the first iphone, ceo tim cook has additions titillating apple fans, unveiling the iphone x, the iphone x as it's being called, it will set the path of technology for the next decade. calls it the biggest leap forward since the original iphone. arguably the moment that elicited the most cheers, the facial recognition emojis, wait until you see this, listen. >> manipulate these in full screen. you can audition your favorites to really great ones, kitty cat, expressive and ferocious. liz: ferocious, we're going to show you way more of this. the noah's ark of the new features that are exciting the apple faithful in the crowd. tim cook unveiled iphone 8 and 8 plus, they will feature the a-11 bionic chip and wireless prices start at $699. we're going to break out the hottest details, engage whether the new phone group shoots apple into a

single one of you for tuning in, loyally, every day, we're here for you and you're here for us, liz claman, over to you. liz: you know why, trish? we are looking at business in not really a snobby way, right? we're trying to make it really focused. trish: on the news. liz: how about that? as the news affects people's wallets. trish: exactly. liz: to this. the spin over who controls the conversation on tax reform has hit critical mass at this hour. president trump returning from florida, he's in the air right now but multi-tasking in the hurricane-stricken florida area visiting victims, touring the devastation in nape else and ft. myers and helping out on the food line. at the same time, throwing clarifications out to reporters on last night's so-called agreements reached with democratic leader senator chuck schumer and congresswoman nancy pelosi, gives for tax cut gets as gop leaders issue statements fast and furiously and hold news conferences, we singled out what we see as the key sentences he talked to the crowds in just the past couple of hours, along with the resulting spin from insid

liz claman, over to you. liz: trish, time is running out too between now and a meeting in just minutes. will he or won't he withdrawal from america from the paris climate exchange board? the commander-in-chief is about to meet with french president emmanuel macron about that and much more. they'll be going behind closed doors as i said in just minutes. get your business affairs in order. the businessman and chief already implored the un today to overhaul the way it runs. the president claiming the global group hasn't reached its full potential because of a floated bureaucracy and mismanagement. president trump also meeting with prime minister of israel benjamin netanyahu talking middle east peace and the iran nuclear deal. but it's a phone call with china's president that has tons wagging. what was said about north korea and its nuclear ambitions? we've got adam shapiro following all the action at the united nations and national security experts john hanna and larry korb on the big signal that u.s. defense com

liz claman is going to keep you updated on the new technology. have seen the floor crew, scrutinizing the announcement, everybody wants to see what's unveiled. yes, ten years after steve jobs introduced the first iphone, ceo tim cook has additions titillating apple fans, unveiling the iphone x, the iphone x as it's being called, it will set the path of technology for the next decade. calls it the biggest leap forward since the original iphone. arguably the moment that elicited the most cheers, the facial recognition emojis, wait until you see this,

liz claman, over to you. me is running out too between now and a meeting in just minutes. will he or won't he withdrawal from america from the paris climate exchange board? the commander-in-chief is about to meet with french president emmanuel macron about that and much more. they'll be going behind closed doors as i said in just minutes. get your business affairs in order. the businessman and chief already implored the un today to overhaul the way it runs. the president claiming the global group hasn't reached its full potential because of a floated bureaucracy and mismanagement. president trump also meeting with prime minister of israel benjamin netanyahu talking mi

liz claman, up 237. what a day. liz: and we're getting on that in just a second. we are going to go live to the white house for more, but this afternoon's wall of worry is, at least at this hour, too steep for investors to climb. the massive nuclear bomb detonation courtesy of kim jong un and north korea coming home to roost. the hydrogen bomb fallout, the looming category five storm, irma, we're going to tell you where that is right now. the cost of hurricane harvey, all topped off by the cyclone swirling around congress. daca and the debt ceiling pushing markets underwater. plus, a nightmare scenario for the so-called dreamers and also the businesses that have already hired them. team trump drops daca in the lap of congress, ending protection for 800,000 illegal immigrants brought here as children. former virginia senator and governor george allen on the business fallout and whether congress will step up to deal with daca. plus, former south carolina governor jim hodges has faced down hurricane hugo back in the day. should aid packages be tied to the debt ceilin

that is great show, and i say this because my co-host lauren simonetti happens to be there for liz claman to say good morning, cheryl, have a beautiful weekend. good to see you. waiting the white house press briefing and want to listen into texas governor abbott giving an update on the situation in texas. >> 42,399 in shelters. of those amount, 6,000 are in state parks. in addition to that, our great friend and neighbor louisiana has about 3,000 texans in shelters. and i want to express my deep gratitude to louisiana and to the governor of louisiana for helping

liz claman, up 237. what a day. liz: and we're getting on that in just a second.go live to the white house for more, but this afternoon's wall of worry is, at least at this hour, too steep for investors to climb. the massive nuclear bomb detonation courtesy of kim jong un and north korea coming home to roost. the hydrogen bomb fallout, the looming category five storm, irma, we're going to tell you where that is right now. the cost of hurricane harvey, all topped off by the cyclone swirling around congress. daca and the debt ceiling pushing markets underwater. plus, a nightmare sce

i'm connell mcshane in for liz claman. let's start the "countdown." ♪ ♪ connell: want to go to some breaking news that's coming in as we get started this afternoon from president trump's twitter account. this is business-related, a bit of a shout-out to american airlines. its chairman and ceo, there's the tweet: thank you to doug parker and the american airlines for all the help you've given to the u.s. with hurricane flights. fantastic job, says the president. so calling out an american company, an american airline. there's the stock today up by 89 cent, it gets us into the broader conversation about the markets. the dow and the s&p 500, we mentioned the dow being down. it's only a little bit lower, all things considered here, not very much at all, 30 points. the s&p 500 is basically flat. you know, the russell 2000 has been the best of the bunch today. only one-half of 1% to the gain there, but that small cap benchmark, the russell, on track for what could be a record close. and if it does hit a record, it would be its 1

liz claman, over to you. >> trish, and i am wearing my bracelet, too. go gerri, race for the cure. get a mammo. thank you so much. we need to let our viewers know that the last flights out of miami airport are taking off now. miami international airport may be crowded now but soon be a ghost towns at final flights, mostly to dallas and atlanta, there are few international flights dwindling down to a handful and the flights that can get out are completely booked. all aircraft must be off the ground before outer bands of wind hit or they may risk major damage from the high winds. and we have this to report. the first death on the u.s. mainland confirmed just over an hour ago. police in daisy west of ft. lauderdale reporting a man died falling off the ladder preparing for the storm. battling cuba and central bahamas with high winds and major surf. the storm is 380 miles southeast of florida with winds whipping at 155 miles per hour. roads, look at that aerial. they are jammed. gas supplies running low as those following evacuation orders head north. we've got our reporters on the grou

liz claman, over to you. >> trish, and i am wearing my bracelet, too. go gerri, race for the cure. a mammo. thank you so much. we need to let our viewers know that the last flights out of miami airport are taking off now. miami international airport may be crowded now but soon be a ghost towns at final flights, mostly to dallas and atlanta, there are few international flights dwindling down to a handful and the flights that can get out are completely booked. all aircraft must be off the ground before outer bands of wind hit or they may risk major damage from the high winds. and we have this to report. the first death on the

all right, liz claman is going to bring it to you just as soon as it happens. she joins us now. liz: exactly. we've got our cameras, we're waiting. as soon as that happens, we'll look at it. it is jobs, but it's also obamacare, the national anthem and north korea all grabbing investors' attention in this final hour of trade. as the markets see a bunch of reasons to sell, not too many to buy. at any moment, as you heard trish say, we expect president trump to announce he's giving the department of education $200 million, and it basically involves getting the nation's students prepared for the brave new jobs world; science, technology, engineering and math. we'll take you to the oval office as soon as the president is ready to speak. let's, if we can, dip into the live picture of the senate finance committee hearing going on right now. protests breaking it up and then moving out. it is continuing to go on though. you can hear the protesters chanting. now, does the senate's repeal and replace obamacare placeholder have a pulse? as the afternoon goes by, some are indicating it's dead

all right, liz claman is going to bring it to you just as soon as it happens. she joins us now. we've got our cameras, we're waiting. as soon as that happens, we'll look at it. it is jobs, but it's also obamacare, the national anthem and north korea all grabbing investors' attention in this final hour of trade. as the markets see a bunch of reasons to sell, not too many to buy. at any moment, as you heard trish say, we expect president trump to announce he's giving the department of education $200 million, and it basically involves getting the nation's students prepared for the brave new jobs world; science, technology, engineering and math. we'll take you to the oval office as soon as the president is ready to speak. let's, if we can, dip into the live picture of the senate finance committee hearing going on right now. protests bre

liz claman, did you know that they're selling tickets in a stadium, upwards of $1500 in some cases. get a signed copy of the book and a picture up. see if she can fill the stadium. liz: you know our theme here is power to prosper. hey, have at it, right? we are getting cameras in place, trish, because there is a gathering right now in st. louis after a police officer was acquitted. we'ring about it to get that in a couple seconds. terrifying day across the globe, gathering at this moment, after a white police officer was acquitted of having shot a black driver five times back in 2011. we'll get you more on

liz claman, did you know that they're selling tickets in a stadium, upwards of $1500 in some cases. you get vip seating and you get a signed copy of the book and a picture up. see if she can fill the stadium. liz: you know our theme here is power to prosper. hey, have at it, right? we are getting cameras in place, trish, because there is a gathering right now in st. louis after a police officer was acquitted. we'ring about it to get that in a couple seconds. terrifying day across the globe, gathering at this moment, after a white police officer was acquitted of having shot a black driver five times back in 2011. we'll get you more on this in a second. >>> in london, london under attack, this time a bucket bomb. the japanese duck and cover as the north korean missile screams overhead while team trump talk tough about the hermit kingdom, the markets show resilience. >>> a global man hundred under way as the uk dodges a bullet. an improvised explosive device fails to reach potential. it still injured 29. >>> japan air raid sirens, blaring and sending schoolkids under the desk as north

. >> by the way, liz claman with an exclusive interview cisco executive john chambers, we learn thisuifax failed to update. the story gets worse. update on wildfire in west, 2 million acres of land are burning, an area nearly size of rhode island and delaware combined. buzbut good news, montana snow s started to fall 60 days ahead of schedule. it is helping to put out some fires, but the fires are so big that snow probably will only slowdown the spread of the flames not fully extinguish them, a huge story. >> amazon, new york wants to score amazon second headquarter jumps into race with several other cities. >> sunday night official, aaron rodgers and matt ryan together for rematch of nfc championship game, first regular season game. falcons new home, mercedes-benz stadium, falcons beat up packers 34-23. >> rolling stone magazine put does up for sale, telling "new york times" that future looks tough for family run publisher, it started in 1967, whe when hes a student in berkeley, california. it used to be a place for free speech. he runs magazine with his son, but roley ston "rolling

i will see you tomorrow on the claman countdown. >> thanks liz, stocks holding on to gains.8 points to the upside. s&p, closing sheetly here. that is a brand new record high along with russell 2000. i'm. lauren: zimmerman in for france fromness. -- i'm lauren simonetti in for melissa francis. david: thank you, lauren. white house and republicans wasting no time rallingly for tax reform. the president saying this plan can remake the american economy and lead to quote middle class miracle.

i will see you tomorrow on the claman countdown. >> thanks liz, stocks holding on to gains. dow pushing higher second day in a row. 38 points to the upside. s&p, closing sheetly here. that is a brand new record high along with russell 2000. i'm. lauren: zimmerman in for france fromness. -- i'm lauren simonetti in for melissa francis. david: thank you, lauren. white house and republicans wasting no time rallingly for tax reform. the president saying this plan can remake the american economy and lead to quote middle class miracle. but latest details of the plan need to be taken into consideration. we're covering them all. the president taking a big step today to help relief efforts in puerto rico. a live report from san juan coming straight up. >>> three months after a gunman nearly killed him on a baseball diamond, congressman steve scalise returning to capitol hill. the emotional response from his colleagues in a moment. lauren: back to the markets. the dow closing higher second day in a row. nicole petallides watching action on floor of new york stock exchange. investors lo