senator john mccain gave thumbs up to tax reform. giving enormous boost. senator mccain voted against the bush tax cuts in 2001 and 2003. the senate tax debate sunday way. we're tracking debate and votes there. now to the dow. it crossed 19,000 in november, just days after the election. stock values are up $6 trillion since the president was elected. 79 record closes since election day. that is a far cry from the market collapse pundits predicted on election night. took the dow just 43 days to cross the 24,000 mark since it blitzed past 23,000 on october 17. s&p 500, russell 2000, dow transports hitting all-time highs today. wall street firm ubs says the market faces another leg up because corporate tax cuts are still not fully priced in. the investment bank estimates only 20 to 40% probability of those corporate tax cuts happening, is priced in. that is year-to-date. let's go to nicole petallides at nyse with the latest. nicole? >> we watch market. markets were in turmoil the night of election. we were back to 18,000, 19,000, street threw to a new mile st

and today john mccain says he'll back the bill.key move of course because republicans can only afford to lose two votes. mccain has blocked trump's bills before, famously on obamacare. but today mccain argued that process is different than taxes saying, on this bill tsenate usd regular order for the normal legislative process and a markup in the senate finance committee. my next guest knows that process well. lawrence o'donnell was the top staffer on the senate finance committee in the 1990s and hosts of course "the last word with lawrence o'donnell". >> put that back. it's a great picture. >> when i was writing tax law i had so much more hair. >> with moynihan. >> senator moynihan. >> and you know, john mccain is, to put it mildly, exaggerating. this was not regular order on tax legislation. that's right outside the senate finance committee hearing room and the senate finance committee staff offices where reporters will hang out forever trying to find out what's in the bill. >> you're saying mccain's not quite right? >> they didn'

history.ww.c-span.org/ >> navy flier john mccain was shot down during his 23rd mission in 1957. he ejected from his bomber into a lake, was captured, beaten, and held in filthy conditions for medical care, despite life-threatening injuries. spent ine years were solitary confinement. he talked with american history tv about those events and legacy and the wars impact in america. >> the new look back 50 years ago when your claimant down in hanoi, and through the last 50 years, but today, in your opinion, are the legacies of vietnam? >> he for we get into a conflict, we had better have a strategy and a capability to win. gradual,ne of the solutions, drip, the about the clear conflict between ships that led through lyndon johnson and a complete lack of focus and strategy on how to bring it to close. on oney sympathetic thing that overrode most of lyndon johnson's thinking, abruptly, was china. we certainly didn't want to have a confrontation that would lead to a real conflict there. so it cautioned all of our actions, so that it was a very gradual escalation, which then not only did

that's an amazing thing that the democrats think john mccain are dangerous.esse: what's he suppose to do? have a fistfight. everybody agrees they meddled. >> he doesn't disagree with that. judge jeanine: john mccain comes out and he says he wants to comment, it's so personal with him and the president. that his personal convenient i am does not allow -- his personal venom doesn't allow him to be objective. he says there is nothing about america first about the president taking the word of a kgb colonel instead of the national intelligence agency. you have got to worry whether this person mccain is more interested in america and the success of this country or in destroying donald trump. >> it's just another black mark on john mccain's legacy. it's a terrible thing on veterans day. john mccain is an american war hero many years ago and i respect him for that. but what he has become. what he is doing in the united states senate goes against the republican party and what we are as conservatives. for him to personally attack this president on a daily basis. it's b

john mccain is big.ut the joint committee on taxation which is under the control of the republicans, of course, who because it's -- they control the congress, they are going to come out probably today with what they call a dynamic estimate of the growth effects of this bill. >> but, john -- >> hold on, stephanie. let me just finish the point. let me finish the point. if, in fact, they show as other centrist modelers have shown that the bill doesn't generate very much growth and doesn't generate very much revenue, that is going to make it a more difficult vote for people like jeff flake and bob corker and jim langford and jerry moran who say they are concerned about the budget deficit. so watch that jtc score which will come out later today. >> isn't it stunning, though, that john mccain would come out as a yes hours before you're getting the dynamic scoring which is important? >> yes. i'm very surprised about that. i figured that john mccain would wait for that data. the joint tax committee said they wer

he and john mccain, no love lost. you'll recall during the presidential campaign, mr.rump even, at one point, said john mccain was, in fact, not an american hero because heroes aren't captured. >> before you go, jeff, there was also the tweet that came out from the president about north korean leader kim jong-un and very different from the scripted remarks during his time in vietnam. let's talk about that tweet. >> reporter: the president has been urged by his advisers and largely followed sued suit by not going after kim jong-un mostly for his time in asia but that changed overnight again. let's take a look at this tweet, of course, on twitter. he says this. of course, strange words there, but the president asked at the press conference if he thinks that could happen to be friends and he said, look, stranger things have happened. he believes a good thing for the world for them to be friends, but a long way from rocket man that the president referred to him as just a couple of months ago. but i can tell you before we sign off from here on this hour, i visited that pris

what in the world is going on with the likes of john mccain? telegraphing something that surprised a lot of folks. some had thought he was an almost certain no vote on this. this is the point in the day, a little around 11:00 a.m. eastern time when senator mccain indicated that you know what? i'm support this tax cut plan. this is the same mccain that did not like either of president bush's tax cuts. he says this is not his cup of tea but it's better than what we have right now. so that yes vote was deemed in the eyes of the financial community as a sign that maybe other senators will go with this as well. there's a lot of wheeling and dealing in the meantime. we'll talk about what is going on with that wheeling and dealing with senator ted cruz in just a moment. first to ashley webster on this. >> yeah, neil. once we got that announcement from senator mccain, it was like rocket fuel to a market that was moving higher. we look at the closing numbers once again, my, blockbuster year and another blockbuster day today for those people that are inv

alvarez, do you know senator mccain? guest: i know him very well. he's an example of the closeness, camaraderie and dependence we had on each other. he was severely injured and depended on those two individuals to take care of him. i can cite countless examples of the same thing happening to others who were badly injured. but it was because of the care and the feeding and the cleaning unable toe was just do anything for himself, this is just the love that was shown with each other. and to this day we pows remain a tight group. host:, to his point, i don't blame them, we were in a war. having gone through what you went through, how you are to a point like our you don't blame them? guest: you have to realize the vietnamese people at the time lived in a tyrannical regime. they do with a are told. -- they do what they are told. basically they were told to treat as badly, and they would. to treatthey were told us nicely and they would. , i share the same feelings. i blame the system they were living under and hopefully things are evolving different me to

senator mccain talked about the importance of cyber and you agreed with that in response. can you tell me who is in charge of a cyber strategy for the united states, not just within the department of defense but throughout the federal government? >> unfamiliar with the department of defense cyber strategy and were fundamentally committed to the. >> and who's in charge at the department of defense and doing that? >> it's a collective responsibility. i believe i have a responsibility for developing a strategy that sharon mccain discussed. the issue is it's such a prolific and important issue to be addressed that involves everybody in the country not just civilian or military. our infrastructure networks need to be addressed. it will be a whole of government approach we have to work together to leverage technology to address the problem. >> somebody has to be in charge. thank you. right now we don't have someone who can be held accountable and who everyone knows is the person in charge of something goes wrong. mr. roberts, in your testimony you talk about working in nuclear p

they were saying mccain rally. i thought they were saying mcshane rally. i'm connell mcshane in for david asman. he announced he was yes earlier melissa: you're not doing anything? go straight to nicole petallides on floor of new york stock exchange. nicole what is the mood on the floor. is it like 24-k? >> they're dancing for the mccain rally, mcshane rally, whatever you want to call it. we broke through 24,000. the dow gained 331 points. we now have closed here well above that 24,000 mark. it has been quite a run. this is our fifth 1000 milestone of 2017, all on tax relief ideas and thinking that this is going through, and brings optimism it wall street. take a look. we have 1000 points. what drove us to this point. best performers since 23,000. that would be nike, walmart, cisco system, intel and 3m. those are the best of the best. names that came under pressure. ge with a dividend cut and restructuring, that came under major pressure. that is down, merck, ibm were laggards. the night of the election we dropped over 800 points. we all reported on it. we

like senator mccain, he survived, came home, married, raised a family. his name is richard lockhart. everybody calls him dick lockhart. he's 93 years old. almost 94. he's a lobbyist in springfield, illinois. he doesn't represent the big moneyed interests. he represents the little guys, the nonprofit groups, the public workers, mental health providers and the families who need him, among others. he is the senior practicing lobbyist in illinois, maybe all of america. he will give up that title soon because on december 31, dick lockhart is requiring at this age of 93 from the firm he founded 60 years ago. he's not stepping down because he's tired. he still works seven days a week, most weeks. he's still physically strong and sharp as a tack mentally. he says he wants to travel more and write the book he's always wanted to write, explaining to ordinary citizens how to make the government work better. his life would make a fascinating book. born in ohio as an only child his family moved to indiana when he was young. the great depression hit his family hard, h

we now have john mccain. senator susan collins is holding out. she said it would be difficult for her to support the bill. what are the issues? she has a host of issues. the obamacare individual mandate . she doesn't think that should be on the bill. she is pushing for the alexander murray plans to stabilize the markets and give certainty to the health care system going forward to you once that vote by the end of the year and is looking for those assurances. she is concerned it doesn't do enough for the middle class. she has filed amendments that would get rid of carried interest loopholes used by hedge fund managers to give more to the child tax credit. there are different issue she is working on. she could see the corporate tax rate go up. she would have another amendment for the state and local income tax deduction, an issue that the house came up with a compromise. the senate completely gets rid of that deduction. there could be a bringing the cobble together of a bunch of little things to get susan collins on board. she seems uncertain and i

mccain, vote however you want -- >> laura: i agree. thank you so much. he broke news about the uranium one deal and controversies about the clintons, peter schweitzer is going to tell you what you are not hearing. don't go away. liberty mutual stood with me when this guy got a flat tire in the middle of the night, so he got home safe. yeah, my dad says our insurance doesn't have that. what?! you can leave worry behind when liberty stands with you™. liberty mutual insurance. you can whip up a dessert.ball. just use pam baking spray. (sfx: spraying) made with real flour. plus, the superior non-stick you love. (sfx: mixing) check you out... it looks like a christmas card in here. >> laura: welcome back. the justice department con family roomed this week that attorney general jeff sessions is considering appointing a special counsel to investigate several matters relating to hillary clinton. one is the sale of uranium one to a russian-backed company in 2010. hillary clinton's state department signed off on the deal despite the fact it gave

that was my point exactly, senator mccain. that right now we don't have somebody who can be held accountable. and who everyone knows is the person in charge, if something goes wrong. mr. roberts, in your testimony, you talk about working to develop a nuclear posture that's responsive to today's threats and challenges and instituting declaratory policies that credibly convey that aggression of any kind is not a rational option. what do you mean by that? what kind of policies do we need to have in place? . >> so the concern there is not only having the capabilities to indicate to our adversaries that aggression is not a rational option. but also the political will to make it clear that indeed, if you attack us, you will pay a terrible price. and having that posture, which right now i feel is difficult to convey, because of the fact that we have for so long undercapitalized our nuclear deterrent, and now we're approaching a time where we've got to replace all of those things at a very high cost. and that's going to be a challenge

i tried to talk to john mccain. that may be the shortest john mccain interview i had. he said stay tuned. i think if we see the vote getting pushed back later and later that might be cause for concern. but right now this bill is being worked on in the final hours up to the moment it gets voted on. >> we are watching mitch mcconnell live speaking there on the senate floor. we're monitoring that. jill and jonathan are back with me. guys, not to put my own dance card out there but we asked a half dozen republican senators to talk about this. we wanted to talk about taxes. no go. hey, maybe it's a scheduling thing. maybe it's me. you haven't seen a public push on this. >> i don't like promoting my competitors. >> i don't know where you're going with that. >> a very good journalist tweets we're about a day from the final senate vote from the tax bill and still no trigger provision, final bill text, dynamic score. >> in english? >> the information you need as a senator to vote for something is just simply not there. >> and that's significant obviously, jill, and yet, this is

in the next half-hour, we will learn a lot about senator mccain's upbringing, what makes people callican hero and a statesman of the senate. the medal itself will be presented by former vice president and national constitution center chairman joe biden. the 2017 liberty medal ceremony begins when we come right back.

over two months later the uss john mccain clapped into a iberian ship near singapore and left ten sailors dead. here is a look. >> good afternoon. ladies and gentlemen, i will start with an opening statement. i want to thank you first for the opportunity to be here today and review of the recent incidences involving forces in the western pacific. a copy of the review that examines the systemic issue surrounding these incidences and review the corrective action. before i begin i must say that throughout this investigative process our first and last thoughts have been with our fallen sailors and their families. i want to offer my deepest condolences to those who lost a loved one and assure them that they will always be part of the navy family. a review of your navy today shows that this morning there are 100 ships and 64000 sailors and navies salient point. this includes carriers and marine expeditionary units, six ballistic missile defense ship on station, 11 marie submarines and the vast majority of these are conducting their missions and some of them actually difficult and effectively an

senator john mccain, talking about his health, the state of the union and whether there's any bipartisan left, bipartisanship rather in d.c. tom brokaw is here to talk about it. let's start with the breaking news and kasie hunt on capitol hill. this thing is changing by the minute. i've been watching your coverage. bring us up to speed on things like the corporate tax rate and the numbers republicans need to pass this. what's up? >> reporter: hallie, this is an incredibly thorny math problem they are trying to solve as they are heading into the big unveiling for what promises to be a change that in law, in tax law that touches every single american. we are still learning exactly what the details are going to be, and we have some critical questions still. behind closed doors they're here in the ceremonial room in the lo longwirth office building. they are walking through fact sheets about the individual and corporate rates that are set to be incomed in this bill. forgive me if i keep looking over my shoulder to see if there's anybody we want to talk to more about this. essentially we -- t

this is the mccain surge.d forward and said i can support this, right tell me corker is going to sit on the sideline? >> juan: corker, flake, susan collins. i think danes from montana. when you get john mccain to say yes, i think a lot of those people now feel like the bandwagon is rolling and we better get on board. my feeling is even as people say let's get something done, this is not a good tax bill. i'm a bigot it helps people. i think 25% of the money goes to people making over 300,000. >> brian: two different plans. >> kimberly: i want to get the dana perino forecast. >> dana: i think it is unstoppable. imagine if senator mccain had said he was not going to vote for it. i think he made the decision on the merits. the question will be on, the republicans were able to ensure obamacare remained the most unpopular piece of legislation ever passed. although it's more popular now. that really help them in the midterm elections. this will be a little bit different. obamacare, for many people, was a bridge too f

you saw senator john mccain in there. the big news reported before the top of the hour he released a statement to say he is on board with the tax reform plan and he will vote yes for it. the president yesterday in st. charles, missouri putting on a big sale and a lot of pressure on members of congress to get this thing through. listen here. >> president trump: this is the right time. we have a moment in time, the republicans have the senate, the republicans have the house, the republicans have the white house. it's very unusual. very unusual. >> white house sources tell fox news things are looking good for a yes vote in the senate but they remind they have snatched defeat from the jaws of victory before on obamacare. they aren't counting their chickens before they hatch. the president again in a war of words with u.k. prime minister theresa may over the president's retweet yesterday morning of three videos posted on twitter by the group britain first. theresa may saying that britain first is a hateful organization and tha

ha this tax relief would look-alike like. >> laura: what about flake and mccain? >> they are part of the discussion. it's important that we deliver this for the american people and the fact we agreed ahead of time gives me optimism we will get this done. >> laura: congressional approval is 22%. why is congressional approval this low? >> because we haven't these things going yet. people want to see differences made. they want to see bills -- [overlapping talking]. the final point. we push for these bills to improve people's lives. that's why we see ourselves in congress getting these things done. pushing them. get them over the finish line so people can see a real difference. >> laura: the bushes over the last 10 days have attacked donald trump. george hh.w. called him a blow hard. do you think that's helpful? >> i think republicans should stay unified. we have common beliefs. let's get things done. i see a president who is a risk taker and wants things done yesterday. i think that's good. >> laura: why are the bushes so upset? >> i have no clue. i have not talked

the challenges that neither mccain or flake will ever face motors again. flake has announced he's not running for reelection. they are not susceptible to the kind of traditional political pressure that most normal politicians, someone like steve daines or ron johnson would be. >> jon: talking about pressure, those three senators that you just mentioned, jeff flake, john mccain, bob corker, they've all had personal run-ins my personal antagonism with this republican president. we heard corker say that he wouldn't let that get in the way of his thinking on a vote, but i don't know, how sure can we be that their positions aren't colored by the sort of poisonous relations they have with the white house? >> flake yesterday made a very similar comment and said just trying to vote for what the best conservative policy is. but that's the thing is that in these situations, these huge bills, talking about the biggest overhaul of our tax code and more than 30 years, is going to be things in their people don't like. you have to kind of except some bad things to get so

that's when the reasons i was shocked with senator mccain.ook at his state, what is going to do to medicaid and medicare. personally, not being able to have the out-of-pocket medical and deduction, it's going to hurt me and my family and many families i know about. when you look at what are they ironing out, who is up for reelection? what do their constituents want? even though it looks like with senator mccain they are going to go over the finish line, i'm not sure. you still have the fragmentatio fragmentation. it's not just about deficit but it's about some of these cuts where democrats have a concern. >> bret: here's pat roberts from kansas. >> it reminds me of a country-western song that my staff would help i would not mention. the bridges washed out and i can't swim and my baby is on the other side. the bridge is not washed out. the tax bill is on the other side, along with an american renaissance. hopefully some of my colleagues across the aisle will join us. >> bret: we like playing the sound from the senate floor. some of it is reall

john mccain is still a holdout. join us later to talk timeline on whether any democrat like claire mccaskill of missouri by about guests. the dow was up 106. we will be back. . . . . stuart: here is be a example of the gross abuse of power by the out of control consumer financial protection bureau, which by the way is the creation of senator elizabeth warren. the bureau was suspicious of car dealerships. they thought they might be guilty of racist lending practices. now, they're not allowed to regulate car dealers, so they went after banks that financed them. senator warren hates banks. they cooked up some extremely dodgy numbers to show people with black-sounding last names paid a higher interest rate on car loans than people with white-sounding names. they fined the banks and distributed some of the money to activist groups. doesn't that remind you of the notorious acorn group? it does, doesn't it? the banks can not appeal, neither can we. the cfpb sun touchable. the bureau is senator warren's radical government w

senator john mccain. will begin atmony 7:00. in the meantime, i would like to take this opportunity to offer some thanks and shared a few special moments. onlyspires citizen as the place where people from around the world can come together to

mccain, you just don't know.hink part of that, with the health care veto that he essentially executed over the health care reform bill, was personal with president trump. now you could say with senators flake and corker as well. but you have to ask, melissa, why do these people come to washington? they come to washington to do big things. this tax bill is very big. i do not see any of those senators standing in the way of it. melissa: at the same time, susan collins, might as well be a democrat. feels like it every time she talks about anything. >> yes. melissa: when she said, she thought the business tax cut was too large, that is like going after the one line in the sand that the president has really drawn. so to me saying something like that is like saying well, i'm just not going to give you anything you can work with. i'm not getting on board. here is a million reasons why. most of them i'm sure you can't fix. >> senator collins set herself up as maverick. every time we have big piece of legislation, who tru

john mccain voted against it and he was in the minority at the time. it's maybe in large part a reaction to that that there is even a discussion in the republican party about deficits. but, look, i think at the end of the day the whole question is how they get to yes. it's not unlike any piece of legislation, but particularly among republicans how you get the 50 republican senators who are going to vote yes. and lindsey graham said to me on cnn yesterday, failure is not an option here. and that is a very, very, very big driving force. if it wasn't really an option with the obamacare repeal, which did fail, but this is -- the stakes are even higher on this because of the obamacare. >> because the congressional budget office says it will over the next ten years increase the national debt by $1.4 trillion. >> yeah, and, look, there has been a pattern of republicans when they are in power caring a lot more about tax cuts. when they're out of power and a democrat controls the white house talking more about deficit. so there is some, you know, for strategic

john mccain is in. live on capitol hill and wall street this hour amazing amazon that stock up 55% this year and just got the most bull ish call yet. the analysts who made it tells us why he thinks the bang will rack up huge double digit gains even from here and chip stocks had a rocking year amd left out of the party recently stock down in 2017 a rare exclusive with amd ceo. her plan to power growth a 24 carat edition of "power lunch" starts right now. ♪ move yeah what y'all trying to do ♪ >>> all right, bruno mars may make want to dance but these numbers on wall street will certainly get you out of your chair. welcome to "power lunch," everybody. i'm tyler mathisen dow, best day of the ye so far final trading day of november. the dow giving ply son macke a wonderful birthday present happy birthday mack! best day of the year dow, s&p 500, russell 2000, small caps and transports all hitting new all-time highs the dow up triple digits this hour look at that, topping 24,000, 25,000 in sight. intel, united

meghan mccain, his daughter, just got married. evidence is pulling for him.y public servants who are at the statue of mccain who are rising right now. it seems everyone is instagraming and not thinking of public service as mccain. mccain is a legend. >> and his personal struggles as well with cancer, i think that's an eye-opening moment. >> it was incredible for him and his family watching his daughter get married over thanksgiving weekend. a very happy time for them. >>> police in tampa have made an arrest in a series of murders that have had residents on edge for almost two months. officials say they plan to charge 24-year-old howard donaldson iii in the shooting deaths of four people in the seminole heights community. the victims range from 20 to 60 years. addressing the community last night. >> 51 days ago i said this was a struggle between good and everybody. well tonight, goodness has won. tonight in the battle between darkness and light, light has won. we're bringing someone to justice who doesn't deserve the right to walk amongst us. tonight, is the b

right now no one is. >> my point, senator mccain. right now we don't have somebody who can be held accountable, everyone knows is the person in charge if something goes wrong. mr. roberts, in your testimony, you talk about working to develop a nuclear posture that's responsive to today's threats and challenges and instituting declaratory policies that creditably convey aggression of any kind is not a rational option. what do you mean by that? what kind of policies do we need to have in place? >> so the concern there is not only having the capabilities to indicate to our adversaries that aggression is not a rational option, but also the political will to make it clear that indeed if you attack us you will pay a terrible price. having that posture, which right now i feel is difficult to convey because of the fact that we have for so long undercapitalized our nuclear deterrent and now we're approaching a time where we've got to replace all of those things at a very high cost. that's going to be a challenge. >> are you suggesting that we

went above 23k for the first time on october 18th >> john mccain becoming a yes.s a crucial swing vote here for republicans and he put out a statement that said he doesn't think this is perfect legislation but he does believe it brings much-needed relief to american families. >> the white house not denying this report that appeared in "the new york times" earlier today that there's a plan here at the white house to replace rex tillerson as secretary of state with mike pompeo who is currently running the cia. >> this is the decoration of corporation, what they decided sp wh is what we thought it would be, going from january now to december 2018. they're ripping up the last three months of this deal, replacing it with a brand new 12-month deal. >> with the tax break and with the way you have the emerging markets being so strong, i have to admit that there might be a very strong underpining to this market so in other words i think it's just run away, you know, it might have a big correction but i can't say it's the same. >> and mike, that story, "the new york times"