an op-ed in the paper yesterday from stephen king marion, the ceo of metlife who writes there's 4000 tax lobbyists in washington are waiting on marching orders from people like him. ceos trying to get as many deductions in their. and you say no, we are just going to keep it to these three. >> that is correct, maria. we are focused on closing loopholes. this is about giving people a middle-income tax cut, tax simplification and making a business tax 20% and 25% for pastor is very, very competitive with the rest of the world. train to what are you going to do in terms of the brackets? can you give us any insight in terms of the levels? people wonder how much they will fall in. what can you tell us in terms of what the level is an income? >> korea, first of all the 10% bracket has effectively disappeared because of the doubling of the standard deduction, most people in the 10% bracket effectively will be going to zero and we will make sure nobody in the 10% bracket goes higher. as regards to the other brackets, we are working with the committees. we have our staff working with them and

at metlife what we can do because of the size of the general account with the cash flows that we have liquidity for yield. we can look for private assets, things that are harder for people to get into, offer credit liquidity. we don't need the money right away. >> like what, direct lending >> private credit. if you on the other hand don't have constraints, i think you have to look towards more risky assets. >> drew matus, thank you dom, thank you that does it for us this morning. "squawk box" is coming next. evan and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. ca

during the time i have been on this committee, only one firm was designated, metlife.ave seen how the process works. designation is important. we saw during the financial crisis that systemically important non-banking distressions, their produced broad consequences that were adverse for the u.s. economy. having the ability to designate firms when the committee makes the determination that the distress or failure could have systemic repercussions, that is an important policy tool for fsoc to have available. it is not meant to be a one-way firmt, in the sense that a designated, the procedures require in will reviews. -- annual reviews. firms may change their business model. thehould welcome designation of firms if their business model has changed in a way that leads us to believe there failure and distress would no longer be systemically important. i am satisfied with that process. ge capital- dramatically changed its business model. it is a process that works. the treasury is looking at this and making recommendations. i will be glad to consider them as part of the fsoc

. >> ryan joins us from outside metlife stadium. i know you're talking to your sources in the nfl.re they saying this is only the beginning of the protests? >> reporter: emotions were running high among many players, and fans were generally supportive of the protests on sunday. that means there could be more protests to come. >> ryan, thank you. >>> also breaking tonight, the deadly church shooting in tennessee. at least one killed, several wounded. authorities say the gunman wearing a mask, arrived at the church and opened fire. a church member standing up to the gunman. adrienne bankert is in tennessee. >> reporter: this small tennessee church, ripped apart by a gunman on a deadly shooting rampage. >> the church of christ people have been shot at that location. >> reporter: the first calls came in at 11:15 a.m. as the service at burnette chapel church of christ near nashville let out. >> this is a level one mass casualty incident. >> reporter: police say the gunman killed one in the parking lot, then made his way to the pulpit. >> well, the guy came from the right side of the chu

. >> ryan, from outside metlife stadi stadium. is this only the beginning of the protests?> reporter: emotions were running high among many players, and there was general support among fans for the protests on sunday. that means there could be more protests to come. >> ryan, thanks so much. >>> also breaking tonight, the deadly church shooting in tennessee. authorities say the gunman arrived at the church and opened fire. a church member standing up to the gunman. adrienne bankert is in tennessee with more. >> reporter: this small tennessee church, ripped apart by a masked gunman on a deadly shooting rampage. >> the church of christ people have been shot at that location. >> reporter: the first calls came in at 11:15 a.m. as the service at the burnette chapel church of christ let out. >> this is a level one mass casualty incident. >> well, the guy came from the right side of the church, and he was just shooting. he was just shooting, he came right to the middle and shot more. >> reporter: minerva rosa's dress bloody from helping the pastor, one of seven hurt along with 68-y

governor christie stopped by metlife stadium with some former new york jets players before the game todayh kids interested in sports on how injuries could then lead to prescription opioid could then lead to addiction. it is part of christie's campaign to battle that epidemic and try to take the stigma out of the drug addiction. >> the reason i'm doing this is because i feel like all these kids in this room and all the kids in the state are my kids, too. and that if i let you go down the wrong path and don't do anything to try to stop it, then i'm not doing my job. >> according to the national institute of drug abuse, more than 60,000 people died from drug overdoses last year. >>> so pilot escapes a crash without getting hurt. authorities say that a small aircraft went down in a so you bean field in hopewell township, new jersey around noon today. the pilot was the only person on board at the time. right now it's not clear what went wrong as the faa is still investigating. >>> aging rest stops on the new jersey turnpike and garden state parkway are getting makeovers. they're going to be al

the metlife stadium in new jersey where the new york jets and the new york giants play in new jersey, that dirt and that building is owned by the state of new jersey. which has profound protection for the right to express yourself, even more than the first amendment under the federal constitution. kennedy: the fact that it's on public land does that supersede any collective bargaining agreement players have with the league? judge napolitano: no. the collective bargaining agreement is the most of pro labor of the four major collective bargaining agreement. it sets forth the circumstances under which these guys could be disciplined in some way. i assure you if any of them was disciplined for the silent bending of a knee, this is not a material interference "the game. it would be undone by a court or arbitrator before it came into effect. kennedy: what do you think it would take to get them standing up for the flag? judge napolitano: it might take something from the nfl. there is an nfl regulation that requires the playing of the national anthem at every game and the players to stand whi

the giants taking on the lions at metlife stadium odell beckham junior playing in his first game sinceg hi ankle injury in the preseason. game tied at seven -- lions in the redzone... matthew stafford finds eric ebron for a seven-yard touchdown. in the fourth -- detroit puts this game away... jamal agnew puts the moves on everybody -- he returns it for 88-yard touchdown lions win 24-10 kevin durant is known going on twitter and reponding to fans on why he left the thunder to join the warriors last season. but this time one small miss step finally got him into some trouble. apparently durant has been using different accounts when twitter when replying to he was caught using this technique... to himself in the third these been deleted account. when fan on twitter -critical of the tunder, his teammates, and billy donovan the a's in detroit to face the tigers. pitcher, jharel cotton misses his start after injuring his groin during game warm-ups but not too worry -- matt olson took care of business and made some history along the way top of the third -- the a;s rookie hits a 2-run blast to

. >> -- without quoting "wall street journal" dada, op-ed, from chair and ceo of metlife. i want to bring this up. what he said if everyone views as sacred will be impossible broader factories -- broader goal of lower tax rates -- enlightened self- -- what this is about, the battle coming. every self-interest, every lobby group against the idea of tax reform. >> i love the idea of enlightened self-interest going way back to when i first met adam smith i think he had it right then. >> wasn't there a show, kudlow and smith? >> this is wonderful but these guys, look, i give up -- give up the loophole you ask me, goi for 20% flat tax rate for all individuals, no preferences. i would abolish the corporate tax, no preferences. unfortunately i can't wave a magic wand butness same ceos are very much in favor of the trump business tax plan and maybe more to the point, the smaller companies, 500 and less, lack of new business startups. you've got to have a lower rate. that's the incentive they will put money to work if they see the law you've got to have expensing 100% expensing, th

metlife was designated during the time i was there, and i have the how the does it nation process works -- the designation process works. i do think designation is important. we saw during the financial systemically important non-banking organizations, like aig, their distress produces broad systemic consequences that were adverse for the u.s. economy, and having ,he ability to designate firms we would make the dish -- the determination that distress or failure would have systemic repercussions, i believe that is jewel --ant policy .olicy tool to have available now, it is not meant to be a one-way street in the sense that a firm that is designated would be, procedures require annual reviews. firms may change their business models, or it's just -- i just theyhey conduct -- adjust conduct their business. we will welcome this if the business model is changed in a way that leads us to believe that their failure would no longer be systemically important and the designations we make every year. i am satisfied with the process so far. andfirm change their model i believe it is a process that w

happening now, we're keeping our eye on football stadiums across the country giving you a live look at metlife stadium in rutherford, new jersey. the first game is overseas today. we're monitoring the game at wembley stadium in london. it's set to kick off any minute. we're watching to see how players may respond to president trump's latest comments. the baltimore ravens and carolina panthers are kicking off in london soon. we're getting word there are some players kneeling. we'll give you all details on which players chose to take a knee shortly. let's go to politics. just moments ago. senator rand paul of kentucky, one opposing his party's health care bill, he says he cannot in good conscience vote to keep it as it stabdz stands. >> it's not a bad idea. however, that being said, if they narrow the focus, expanding safings accounts, slowing down the rate of growth of an outrageous or out of control entitlement spending, sure, i'd be for that. >> nbc's mike is on capitol hill. you know it heads for a vote this week. any chance it could survive a vote? >> it's slim, no doubt after friday's even

. >> espn's ryan smith covering that part of the story from outside metlife stadium. where the new york jets will play a little later today. ryan, good morning to you. >> reporter: good morning, dan and paula. at stadiums like these, sundays are for football. after president trump's comments and criticisms, it's about so much more. stars across the sports world are speaking out about what one called the president's divisive rhetoric. this morning, the president's fiery words setting off a national firestorm. >> he's now using sports as the platform to try to divide us. for him to try to use this platform to divide us even more is not something i can stand for and is not something i can be quiet about. >> reporter: overnight, bruce maxwell, the oakland a's catcher, became the first mlb player to kneel during the anthem. >> i can't remember the momentum building on something like this. >> reporter: nba star kobe bryant tweeting -- a potus whose name alone creates division and anger and whose words inspire dissengs and hatred can't possibly make america great again. and

drew matus of metlife will stay with us.nother all-time high. we are up on the s&p 500. the dow up by 10. a record on the s&p, the dow and all-time record on the nasdaq. this is bloomberg. ♪ ♪ alix: this is bloomberg daybreak. reiner.coming up, rob this is bloomberg. alix: it was a bankruptcy that seemed to surprise wall street. toys "r" us filed yesterday and the debt reacted in kind. this is the 2018 debt maturing and it is 18 cents on the dollar. what is surprising is the speed at which the value decreased, despite everybody knew was was in trouble. joining us is bloomberg intelligence know herbert -- noel herbert and stay with us is drew matus. scott, why was the market surprised this happened? scott: i cannot speak to that. it does not seem like it should he surprising. toys "r" us has been in a difficult position for some time. it started with this store based general merchandiser extending toy selection and being aggressive on price and accelerated into internet distribution and it is difficult to run a store-based mo

until the day's first nfl game kicks off in london, let's start with abc's ryan smith outside of metlife stadium in new jersey, for today's jets-dolphins game. what is expected today at the games in reaction to what the president said? >> reporter: days of protests that we have seen in professional sports. rite now, there is nothing formally planned by the players. there were a great deal of meetings by players discussing what to do about this. great deal of anger conveyed over the president's comments. think y i think you could see a number of protests at a number of games. i initially, all eyes will be on the jaug waurs-ravens game taking place overseas in london. that is the first game we'll see in america. a lot of dynamics there. both teams's owners have not responded to president trump's comments. one of those owners donating to his inauguration committee. major league baseballed a its first player take a knee. so i think what you have is the perfect storm of not only president trump's comments, but just a ground swell of support really for players being able speak their minds, whi

i've got to say when i'm talking to fans here just outside of metlife stadium where the game took place, the main theme is that people are just -- they don't like the fact that this is being talked about on a day where they are trying to escape. this is football. you're not supposed to mix politics and religion with football is really what a lot f people have been saying -- a lot of people have been saying. when it comes to whether or not they would boycott with what's happening, well no one really told us they would at all. but take a listen to some of the opinions. >> i think that our young men and women fought for us to have the right to either stand up or take that knee. it's just, you know, what we believe in, if it's a way for us to get the message across in terms of what they are fighting for, why not. you know, you just have to support them no matter what. >> can't we just have our sundays with football? >> it's like, look, i'm having a beer. i'm trying to enjoy sunday with my wife. we're die-hard jets fans and we're talking about politics now. it's too much. >> who would have t

it's something as we spoke to fans all throughout the country and right here at metlife stadium yet, many of them said even if they didn't agree, they understood the importance of the discussion. take a listen. >> i think that president trump was absolutely right when he said that the players should stand for the national anthem. i understand the freedom of speech but also this is the players' jobs and i don't get to speak freely at my job all the time, so they should have to follow the rules and respect our country and our flag. >> i think the sports players, the nfl, the nba and the major league baseball players are completely validated in their protests and all donald trump is doing is validating everything the players have been doing and everything colin kaepernick has been doing for the last two years. >> reporter: what do you mean validating? >> well, there's inequality in this country. it's tough for some people to see it but very obvious for others. its not a protest against the military. it's a protest about inequality. >>. >> reporter: regardless of which side of the aisle

. >> reporter: that's right, i'm at the reds restaurant and bar just outside of metlife stadium.dozen folks here all obviously sports fans. they were, yeah, most of them upset by the manner which players are protesting. but when it comes to whether or not they're going to boycott the nfl, not so much. take a listen. >> no, i'm not going to boycott the nfl at all. >> reporter: what are your thoughts? why, actually? >> why, because i understand people have the right to protest, right? but you protest against a specific action. if you are going to protest for black lives matters, right, march in a black lives matter, right? if you're going to protest specifically, but don't do it at a sporting event. i just think it's the wrong venue. >> i would never boycott the nfl because i love football. but i think the president should have interjected in it, he should have said something. he's the president. do i agree with everything that he says? no, i don't agree with everything that he says, but at least he shows that he's paying attention. >> i think it actually makes me want to go more j

. >> our thanks to ryan smith outside metlife stadium in new jersey. >>> and now to the frantic situation in puerto rico e a cra crack in a dam is threatening thousands. it's facing imminent failure. 70,000 people who would be in the path of that water are urged to evacuate. the damage is already overflowing, thanks to nearly 16 inches of rain that fell in the nearby mountains. >>> in the quake zone in mexico, searchers have pulled a dog alive from the rubble. no humans have been rescued in days and hopes are dwindling for more survivors from last week's devastating quake. at least 320 people were killed from the magnitude 7.1. only a handful of schools are reopening today. each building has been inspected. >>> and new research about cancer patients and marijuana. about 75% of patients wanted information on marijuana from their doctors, however, only 15% only received it. studies show the drug can reduce nausea and pain in cancer patients. washington was among the first states to legalize marijuana for medical use. >>> and a mystery may have been solved. experts think they know how the gr

. >> you said you'r here at metlife but you really -- >> one ticket sold right there.nd you've played some small venues, arenas. what's the weirdest place you've ever played? >> i don't know really. i mean, there have been odd venues. there was -- i did this literally a toilet tour where you kind of just go and play in -- it's not in toilets but it's like -- they're like really, really, really small, grimy venues that kind of sweat drips off the walls. >> good dive bars. >> yeah, but they're referred to in england as toilet venues. i don't know why. i don't know why. >> speaking of odd, i actually owe you an apology. i don't know how many years ago this was but i got pressed into playing ed sheeran for halloween. >> i think i saw that. [ cheers and applause ] >> but i also want to thank you. after i did that -- >> you got the guitar. >> of course i do. i never have to do halloween again after that. >> i was chuckie from the "rug rats." i was ron wheezily one halloween. i also went as the ginger bread man one halloween. and seed of chuckie. so basically anything with re

during the time that i've been on the f stock, only one firm was several firms before i participated metlife was designated during the time that i was there and i've seen how the designation process works. i do think designation was important, we saw during the financial crisis that systemically important nonbanking organizations in the aig. that they're distressed broad, systemic consequences the u.s. economy. and having the ability to designate firms when the f stock makes the determination that their disstress or failure could have systemic repercussions, i believe that's an important -- that's an important policy cool for f stock to have available. now, it's not meant to be a one way street in the sense that a firm that's designated, the procedures require annual reviews. firms may change their business models or just have a conduct their business and we should welcome the designation firms if their business model is changed in a way that leads us to believe that their failure distress would no longer be systemically important and those are decisions that we make every year so unsatisfie

metlife sued to get rid of that designation.r aig. all the insurers might be able to shed the title. >> prudential is basically the last one at this point >>> senators lindsey graham and bill cassidy have put together a proposal to eliminate obamacare. the vote could come as early as next week even without the congressional budget office's analysis our next guest things the plan hasn't been carefully considered and could hurt hospitals dr. tony cosgrove, thank you for being here you don't like the plan? >> i'm concerned about the process and the ultimate result. the process, the bill was just introduced last week it continues to be changing this week and will be voted on next week before the 30th of september. and this has not gotten a chance to be widely vetted, nor do we know for sure exactly how the bill is continuing to change it will not have been evaluated by the cbo to really what the costs are and how it will affect who is going to be covered >> on its own merits, and i understand what you're saying, so the whole idea of

more protection for free speech and the cowboys would judge napolitano: the giants and jets play in metlifeline an employee because of expression of a political opinion unless that opinion disrupt the employer's work. stuart: just a difference in location. judge napolitano: it exists in new york, illinois, and other states. stuart: supposed gerri jones ordered all the cowboys, you will neil, and they did last night, all of them did but suppose one of them stood up? judge napolitano: could he be punished for standing during the playing of the national anthem? almost inconceivable. this would be a challenge of mister jones's determination for conformity. i can't imagine that person being punished. the standing is the expression of political opinion in the workplace that does not materially interfere with the employer's business. stuart: i agree with donald trump, if you don't stand and show respect for the flag and the national npr outcome you don't play. judge napolitano: led gerri jones run the cowboys. stuart: i say it. if you don't stand for the and man show respect for the for your out.

expected to continue and, of course, have been waffling in large part because of what happened with that metlifeew media company mashable leaning towards selling itself mashable said to have had some discussions. german tv broadcaster and another suit could emerge. viacom is reportedly involved with a possible deal for mashable, but isn't currently engaged in those talks german tv broadcaster -- three fed speeches are on tap for today. new york fed president william, chicago fed president -- all have public appearances. all three are fomc voters this year, so keep your eyes on what they have to say >>> president trump criticizing athletes that protest the national anthem, and just now the president with a tweet this morning. so proud of nascar and its supporters and fans. they won't put up with disrespecting our country or our flag they said it loud and clear. julia borestein joins us now with more on this story. response from the athletes and the nfl owners julie, good morning. >> good morning. we won't get the ratings on the sunday games until this afternoon, and we won't get the final numbers

there's an op ed -- it's a fascinating op ed in today's wall street journal by steve candarian have metlifeobbyist hired to protect such -- always predict doom if they're stripped away, but in our businesses cannot survive without tax subsidies, then we have to wonder how much value we're creating for consumers and shareholders >> that's a key principle that i think all the members of the big six has talked about we've got this ridiculously complicated code there are hundreds of pages for ordinary citizens to look at just to fill out their own tax return then if in the end, you know, i'm giving you a subsidy for buying this thing, but then i have to charge you a higher tax rate because i gave you the subsidy, then all that complexity isn't putting more money in your pocket there's been an enormous effort are in the 86 tax acts style, and i think this isn't foreshadowing too much, it's an effort to simplify things a heck of a lot and make it so you can justify lower rates by taking the complex red tape out of the tax code >> in this new role, on a daily basis, you wake up yol what do you wat

the geico -- >> we're hitting on all cylinders a year ago we purchased a distribution business from metlifewe've grown from 3700 agents to 9300 agents in the last ten years. sales have grown at a 15% compound annual growth rate. we crossed 700 million in sales for the first time we are technologically enabling advisers so they can work more quickly with folks we are selling more direct for the first time you can go to massmutual.com and buy a policy 30% of policies have come through nonadvisers. >> two quick business questions. you sold your asia unit to this jack ma group. >> yes >> why we bought the company in 1999. it was successful. we see technology changing everything in that region. the opportunity to not just sell t but take back an equity stake, the public company buying the majority of it lets us participate in the wealth management business in china we think that's a tremendous platform for growth. >> i feel like i ask this every time i see you one of the great marketing pieces of mass mutual, it's not a publicly traded company, as a result you don't have to necessarily get the m

you were outside of metlife stadium just across the river. >> playing you the dolphins yesterday wentabs. ultimately the president saying if you don't like them standing for the anthem. don't go to the game. we asked the fans. pete: you walk into this stadium today and a good number of jet players decided to take a knee and protest the national anthem, how would you feel about that? >> i would be embarrassed. >> i'm against that i'm a veteran. i'm against against that. >> it would be a disgrace. it's unethical for them to do that. >> jets. i don't agree with what they do i'm still going to root for the jets. >> i would disagree if they did that. >> nonviolent protest is the way to go. >> you support president trump when he said hey, these owners, if these guys want to kneel for the anthem he should fire these guys. >> he's fired. he's fired. >> absolutely. i agree with it 150%. >> think are paying these guys to do a job. they are not supposed to be involved in politics. >> they're getting paid to the job and tt'ir jo is to play ball and do whatever theans want them to do. >> president