now let's bring in south carolina senator tim scott, finance committee and healthcare committee. we heard the president talk on tax cuts and reform to the american people. anything new coming out of the meeting that you just left? >> i think the key for the meeting that we just left was, number one, the president was very clear that he wanted to produce a middle class miracle for hard working americans, and he would love to do it in a bipartisan fashion. we are ready to go it alone. the focus of this tax reform package is centered on how do we make sure everyday americans get to keep more of their money in their pay checks. that means reducing their taxes. the focus was very clear. we are hopeful there will be a bipartisan opportunity, but we are prepared to make sure that we deliver to the american people the ability to keep most of their pay checks every single pay check. >> harris: i can almost hear the cheering from the middle class and really everybody, in every income level. when you look at middle class and small sinesses, those are the people worng at those small business

a lot of my experiences there is one black conservative in the senate tim scott yeah most go and they i met would trump and he said that trump and he's very good service yes compromised his moral authority when we blame both. you know if tim scott went for i mean right this is like i mean it's even when you see a miss america pageant you know miss texas or whatever is saying that i mean i think reasonable people understand that there are two sides when it comes to not six what do you make of of on the people who have created her so if she had been real is to go through. she's in love with. her she care can she influence of to influence him she's married to a jewish version write a converted she's complicated and i think i don't think she can dollar father i don't think anybody can control him. and i don't i think that's an unrealistic expectation i think i think she's in a tough spot i think she's somebody who's a bit of an opportunist but she comes by it honestly. so you know i think she could do better and i think she could help the image that her father is for trying to go for her

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good seeing you. >> great to be with you. >> neil: senator tim scott from south carolina. a quick peek of wall and broad. very different from 30 years ago. we finished at a record. we were down triple digits today. something the president had to say about optimism, maybe a budget deal tonight and could pave the way for tax cuts. obviously, what the markets need. so very different of about how they were feeling 30 years ago at this time. i'll explore looking back and looking ahead. (baby crying) (slow jazz music) ♪ fly me to the moon ♪ and let me play (bell ringing) (audience cheering) >> neil: are you in to anniversaries? do you remember your own? when your first met someone or just got married? hopefully those are good anniversaries and filled with good memories. not always. not all offers. i remember 30 years ago this past february. my mom died. my dad had a very tough time when it was his wedding anniversary, the first one, in nearly 40 years he was without her. he was lost. i have to tell you. he was so alone. his own comfort was a treasured album and old home movies.

with us on capitol hill hill is republican senator tim scott of south carolina.lk about reducing the child tax credit. good morning. >> good morning. good to be with you. >> good to have you. >> what's the single most item that mate threaten the passage of this bill? >> hopefully there's nothing that will threaten the passage of this bill. however, there are a number of itemized things that people think of as a sacred cow. we're going to have to look at the average hard-working middle class. >> where to you stand on capping to reduction on 401(k)? in other words should wealthy americans get that deduction? >> i'm a huge fan of manging sure we preserve the retirement incentive. if you think of it this way, the average south carolina has one year owes of income in his retirement account. that's not good news. we need to encourage retirement saving so fewer people are challenged while they're in their as i used to call it the third half of their life the part of their life where they get to enjoy the benefits of school and work. >> now, "the new york times" has desc

. >>> ahead on "cbs this morning" we'll talk with republican senator tim scott from south carolina on tax reform and disagreements within the republican party. >>> president trump says it's a disgrace they helped pay for some of the investigation on his dossier. the document was put together by a former british spy alleging the kremlin had compromising on mr. trump. he continues to dismiss the document. >> it was made up, and i understand they paid a tremendous amount of money, and hillary clinton always denied it. >> the law firm claims they paid a political research group for its services. the dossier is being >> guest: investigated by robert mueller. >>> we now know the pentagon dough employed elite commandos to search for one of the american soldiers in that attack. investigators are trying to figure out how or why sergeant la david johnson got separated from other troops. the soldiers were at the end of the a joint mission with nigerian forces when they were attacked on october 4th. when they realized he was missing they contacted chief joseph dunford. >> at that point knowing we

i understand that senator tim scott of south carolina has adjusted to some of the people in the whiteouse that they should have a discussion with me. >> and you have not heard whether or not that is accepted or not to extend the invitation to you to do so? >> i have not. i have not heard anything directly or indirectly. >> all right. well, we're going to keep hope alive and would you encourage but it is certainly trying times. and we certainly include in that hope that we do something about gun control. thank you for being with us this morning. >> thank you so much. >> still ahead, you don't want to miss what i have to say about another man of god who said "disrespect for our president is what led to the shooting in las vegas." okay folks! let's get the lady of the house back on her feet. and help her feel more strength and energy in just two weeks. yaaay! the complete balanced nutrition of ensure with 9 grams of protein and 26 vitamins and minerals. ensure. always be you. >>> the nation is still reeling from the horror in las vegas one week ago. and while investigators suggest mental

johnson room along with a republican senator such at tim scott, marco rubio and shelly more caputo. >>> watch before you eat. this morning, state department fish and wildlife is warning about unhealthy levels of acid found in california lobster. they were caught off the coast of ventura and santa barbara counties. >> when it comes to breast cancer, the earlier it's diagnosed, the easier it is to treat. for though without insurance, getting regular mammograms isn't always an option. >> low-income breast cancer patients have five-year relative survival rates. that's 9% lower than high-income patients. the regional coordinator of this program says changing that starts with making sure every woman gets breast cancer screenings. >> when they're 50 to 64, the early detection program is a great option. it's a federal grant. a cdc grant. and we pay for the breast exam, the pap smear and the mammogram. >> right now the program is only available in florida, but the hope is that more organizations will get on board and it will spread to other states as well. >>> well, the u.s. ne"u.s. newsd repo

republican senator tim scott of south carolina served on the finance committee and that was quite ang for e

ivanka trump will lead the discussion in the lyndon johnson room along with tim scott, marco rubio andn it comes to breast cancer, the earlier it is diagnosed, the easier it is to treat. if you don't have insurance, getting regular mammograms is not an option. low income breast cancer patients have five year relative survival rates. regional coordinator of the florida breast and cervical cancer center says changing that makes sure every woman gets breast cancer screening. >> women 50-64, the breast and cervical cancer problem is a great option. it's a federal grant and we pay for the breast exam, the pap smear and the mammogram. >> right now, the program is only available in florida. the hope is more organizations will get on poboard and it will spread to other states as well. >>> watch before you eat. this morning, the state department of fish and wildlife is warning of unhealthy levels of acid found in california lobster. they were caught off ventura and santa barbara counties. a fishery closure is in place for the areas affected. >>> hundreds of children in the bay area don't identi

what group senate republicans are trying to court with this message from south carolina senator tim scottike to put it very simply. we want to help you hashtag "keep yo' money." >> stephen: yes. "keep yo' money," of course, was the catch phrase of the popular '90s show "yo! mtv tax." ( laughter ) it's not like senator scott is the only republican who could have delivered that message. they could have gone with the g.o.p.'s second most diverse senator, caucasian q. whitington iii. ( laughter ) ( piano riff ) but they already have him promoting the bill's original hashtag: "#retainthyestate." ( laughter ) hey, does anybody remember how during the campaign, donald trump kept complaining about hillary clinton was using a private email server for government work? you guys remember that? >> jon: yeah, yeah. >> stephen: the lock her up, that lock her up stuff? yeah, well, this week, we learned that at least six of president trump's closest advisers used private email addresses to discuss white house matters, including ivanka trump, and jared kushner. but of course, donald trump has no problem wi

president do things like the statements after the charlottesville rally, saw people like cory gardner, tim scott, marco rubio, quick to step out and say those statements were wrong. on russia, republicans especially in the senate doing a serious investigation. passed additional sanctions over the white house's objections have been willing to stabbed ndo the president, maybe not as much as some would like, but you do see it and while at the same time trying to get stuff done. >> two words in response to that, which are gillespie ads. those ads are an illustration from ed gillespie, establishment republican you of where in a pinch you think you need to go. >> winners make policy. loser go home, as mitch mcconnell said. >> we will pause the conversation on that note. stick around. we talked a lot about the republican civil war. up next, can anything bridge the democratic divide? we'll dig into that a few minutes as well. ♪ ♪ everyone deserves attention, whether you've saved a lot or just a little. at pnc investments, we believe you're more than just a number. so we provide personal financial advice

republican senator tim scott of south carolina served on the finance committee and that was quite anmpressive thing for the republicans to do last night. there haven't been that many victory so far this year. as far as this goes, i think it is extremely significant, how about you? >> absolutely. talked about the opportunity what we are calling the middle-class miracle. the budget was a necessary precursor and a prerequisite for that conversation. we are excited to be on this side of a 51-49 vote, and it obviously shows that republicans can stick together when the american people are our voters. >> dana: the procedure is if you can pass the budget, then within that fiscal year, you can then try to do tax reform under what's called reconciliation. that's why you only need 51, right? >> exactly. that allows us to move legislative priorities, financial in nature, to a 51 vote as opposed to the normal 60 vote threshold in the senate. >> dana: of course senator chuck schumer, the minority leader, none too pleased. let's listen to him and get your take on it. oh, i'm sorry. it's a quote. i

that's senator tim scott. you get a sense that this is at the point where it is breaking up and we may see the president leaving. we did see bob corker. he walked out the door. you may see john mccain leaving, as well. that's luther strange. >> what is your sense of this? do you think somebody will come out? do they want to talk about this? >> reporter: we would expect to hear from mitch mcconnell, the majority leader, as a matter of course. that is what always happens typically after these lunches. it would be unusual if he didn't talk in the wake of something like this. the question we have is whether or not the president will have anything to say about what went on behind closed doors and the back and forth he has gotten into with senator corker. that is kind of why you see -- this is not normally what this would look like. we are joined by white house reporters pool and larger than usual capitol hill press corps given the events of the day. that is obviously what we are watching for here. i was talking ear

bicameral support as senator tim scott is the lead sponsor in the senate. can you describe this trend that's occurring in our economy of concentrated job growth in places like los angeles and new york. and can you speak to the commitment ensuring the challenge head on of incorporating ideas like investing in the community act. >> geographic inequality has been the focus for many years. i mentioned in my confirmation hearing, i grew up in a town where the greenfield tap and dye closed and across the way, there was a big paper mill that was a main employer that there and that closed, too. my dad and i when i'd go home, he still lives in greenfield, still walk next to the abandon factories. they're right next to the connecticut river. it's a beautiful walk. the video game, fallout, used it as a location for video shooting for post apock lip tick america. that's why my academic career has focused on geographic inequality. the jobs haven't come back. i think tax reform in general will encourage a lot of plant location back into the u.s. because right now again,

opportunity act which has garnered brad bipartisan support and by camerale support as well as senator tim scott is the lead sponsor in the senate. two questions for you. first, can you briefly describe if dimensions and consequences of this trend that's occurring within our economy of increasingly concentrated job growth in places like los angeles and new york? and secondly, can you speak to the administration's commitment to ensuring tax reform ensures the challenge head on of incorporating ideas like the investing in opportunity act? >> thank you chairman tee bury. the geographic inequality has been a folk of my work for years. i mentioned in my confirmation hearing that i grew up in a town where the greenfield tap and dye the main factory if town closed. and across in turner falls there was a paper mill. that closed too. my dad and i -- when i go home, we walk next to the abandoned factories. they are along the connecticut river. it is a beautiful walk but the factories are so fallen apart that the video game fallout used it as a location for video shooting for post apocalyptic america. this

south carolina senator tim scott says doubling the child tax credit could help single- mothers like his.timly imagine the power and importance of this tax credit expanding beyond the 1,000 dollar level and going closer to the 2,000 dollar level lawmakers say they hope to pass a tax reform bill by thanksgiving that includes a boost for the economy and working families. in washington, brie jackson (vicki) the brother of las vegas gunman stephen paddock was arrested today for possession of child pornography. 59-year-old bruce douglas paddock was arrested in north hollywood this morning. police released this photo of him -- so any other potential victims could recognize him and contact them. the arrest warrant says he possessed more than 600 child porn images during a 2014 investigation. police say he was homeless and couldn't be found -- until he was recently tracked down at a nursing facility. the arrest came from an independent investigation -- and is unrelated to his brother's las vegas mass shooting. (steve) a fight between women in bikinis and a store owner unfolds in the middle of a busy

senator tim scott is the lead sponsor in the senate. two questions for you.irst, can you briefly describe the measures and consequences of this trend that's occurring within our economy of increasingly concentrated job growth in places like los angeles and new york? and secondly can you speak to the administration's commitment to tax reform ensures the challenge head on of incorporating ideas like investing in opportunity act? mr. hassett: thank you, chairman. the geographic inequality has been focus of my work for many years. it's really the reason i'm an economist. i mentioned in my confirmation hearing i grew up in a town where the green field was the main factory in town closed. across the way, there was a big paper mill that was the main employer and that closed too. been focus of my work for many years. it's really the reason i'm an my dad and i, we walk next to the abandoned factories because they are on the connecticut the abandoned factories because they are on the connecticut river. it is a beautiful walk, but the factories are so fallen apart that

terms of his commitment to urban america, i think the community development bloc grant team like tim scott, the republican senate, african-american republican senator from south carolina has identified that as well as a defining issue. so i think while we're talking about there is tremendous amount of dysfunction in congress, and they certainly didn't deliver particularly paul ryan, more than mitch mcconnell because paul ryan, remember, set the order of bat well reince priebus, the president's first chief of staff. but i would say a fair amount of responsibility in terms of this gridlock and dysfunction rests on the president. >> i'd like to throw out a question about u.s. leadership in the world, and if or how the president's approach to that or take on that has changed, since he first took office. we could be talking about global packs, paris, whatever, we could also be talking about his, both interest and instinct for engaging with foreign leaders, some allies that he's made, some testing of boundaries that he's done, and i want to start with sarah, but jump around to anybody else. >> s

whether you have tim scott, a conservative republican african-american senator from one of the reddest the country, south carolina, getting on the senate floor saying that he he has been stopped repeatedly because he is african-american, that tells you something is wrong. he is not exactly a lefty or race baiter. i have a lot of african-american friends, successful people, they constantly bring up issues that occur with them, their children. this is not made up. these people have no -- neil: i guess where you and i will differ, whether professional football is the venue to do it. we'll see. >> great platform. they have got the promotions. they have got the marketing. neil: thank you very, very much. we'll have much more including the president's push to crack down on media licenses. when the media goes too far, maybe remove the licenses? can he do that? after this. ♪ this woman is laughing because she's listening to audible. and this woman is pretending her boss's terrible story is funny. experience the comedy, not your commute. dial star-star-audible on your smartphone to start listen

terms of his commitment to urban america, i think the community development block grant, people like tim scott, thena republican senator, african-american republican a senator from south carolina, has identified that as well as a defining issue. i think wheel we're talking aboutta there is tremendous amot of disfunction in congress, and they certainly t didn't deliver particularly paul ryan more tha mitch mcconnell, because paul ryan, remember, set the order of battle with reince priebus, the president's first chief of staff, but i would say a fair amount of responsibility in terms of his gridlock and dysfunction rests on the president. >> i would like to throw out a question about u.s. leadership in the world, and if the president's approach on that has changed since here first took office. we could be talking about globag pacts, paris, also could be talking about his interest and instinct for engaging with foreign leaders and allies that he's made. some testing of boundaries he's done. i want to start with sarah, but jump in around to somebody else. >> seems you always start with f me. >> i

tim scott said trump as to specifically about taylor, powel l, and yellen. flake of arizona announced he will not seek reelection. critical, itbeen is because i believe it is my obligation to do so and as a matter and duty of conscience, the notion that one should stay silent, and as the alliances of thesure the stability entire world are routinely threatened by the level of thought that goes into 140 characters. francine: he was the second gop senator to rebuke the president on the day the party wanted to pass the proposed tax overhaul. if you look at what happened in the last 48 hours, how significant are the developments? >> very significant. we are seeing the president doing something significant by going up to the hill and asking for a show of hands among republican senators, who they think should be the next fed chairman, that is an unusual situation. i am thinking back to when barack obama picked janet yellen. there certainly were democratic senators weighing in at the time, as there were concerns about larry summers, who was a candidate at that time.

tim, you're first. i'm first, scott, monte, jack, bill, whatever your name is.n they have more priced into it, i don't think macy's does. >> karen >> i don't know 23 i exactly fulfilled the rules of the gauge. >> spot on. >> i think there's a bit left. they did say we may continue exploring the alternative after the holiday season there's maybe a bit more in that for that so i don't think it would go much lower than that. >> c'mon, bob barker, you can't sip a spot on. >> why not >> it's perfect. >> it's not higher >> spot on is perfect. >> can you do better than? >> i'm going to say lower bob. i understand what pete is saying we bounced off last year's low, but macy's is trading 7 1/2, 8 times, nordstrom is closer to 14 it shouldn't be that much of a premium. i think nordstrom goes down, slap an 11 multiple on it, and you've got tim seymour, you have 33 bucks, but this is a company that has both. you guys are slamming around, you are wrong, w-r-o-n-g. >> i don't know if we made bob proud or in and out. >>> anyway we're out of here which of those names could see

. >> thank you >> scott, i'm going to pick up on that, clearly tim sloan pushing back saying senator warren did use some of his comments out of context when she was questioning him. there was one during the hearing in particular that he questioned her about, something he said in july 2016. i found the original interview it was in "american bank" and you would have to say that those comments weren't in fact taken out of context by senator warren the issue though where he perhaps would have grounds to argue is the way in which she argued for quite a long time that his comments that he cared about his employees were false because he was in the middle of a cost-cutting program that will would lead to some people losing their job, so there's a nuanced arguments here, but unsurprising to see senator warren at the front of the questioning once again. he said at the end, tim sloan, he felt this went very well. i think it's hard to claim it went very well, but it's easy toe claim it went very much better than it did for his predecessor john stumpf a year ago. >> considering one is no longer i

scott macfarlane at the live desk. breaking news, a congressman surrounded by scandal has resigned. republican timurphy of suburban pittsburgh has submitted his resignation effective october 21st two weeks from this coming saturday. mr. murphy has been embroiled in scandal as we said. newspaper reports say he sent text messages to a girlfriend indicating he was supportive of her getting an abortion. mr. murphy was a member o and a very vibrant and vocal pro-life supporter. ken murphy suburban pittsburgh resigning his seat in the u.s. house effective two weeks from saturday. at the live desk, i'm scott macfarlane. >> thank you, scoot. >>> all right. you know all that cool technology in your car, the bluetooth, voice commands, navigation, very handy, but is it becoming too distracting? >> a new report from aaa says we are becoming way too focused on these gadgets and not our driving. >> adam tuss in d.c., and you took a test drive in a new car with the technology. what did you turn up, what did you find? >> reporter: listen, leon, if you get in one of these newer cars, you're going to find the syste

tim sloan. one year since he took over the bank is the worst over when it comes to their fake account scandal? scott, back to you. >> look forward to all of that the trade is on, abbott labs, cbs, allergen, anthem, all in the blitz and all just minutes away on "halftime. it can detect a threat using ai, and respond 60 times faster. it lets you know where your data lives, down to the very server. it keeps your insights from prying eyes, so they're used by no one else but you. it. is. the cloud. the ibm cloud. the cloud that's designed for your data. ai ready. secure to the core. the ibm cloud is the cloud for business. yours. >>> we're back with the blitz. abbott labs at an all-time high after beating its estimates in the quarter. jimmy? >> you know, it should be higher they both on revenue and beat on earnings and guided the full year earnings per share and the mid-point is 10% higher than before look, all of the large-cap pharma has had a pretty good one to two-year run but abbott is clearly pulling away from the pack the question i think is do you see the third quarter gains that abbott is now sho

tim cook. >> some would argue, at least the stock price would argue perhaps they have. thank you. that's it for "squawk alley. we'll send it over to "the half" with scott >>> and welcome to "the halftime report." i'm scott wapner our top trade this hour, big tech's big boost microsoft leading it today the etf for technology hitting a better than 17-year high let's begin with tech. we can talk about the markets to be honest with you guys because as we come on the air today in general, new highs again, new highac

tim cook. >> some would argue, at least the stock price would argue perhaps they have. thank you. that's it for "squawk alley. we'll send it over to "the half" with scott wapner. >>> and welcome to "the halftime report." i'm scott wapner our top trade this hour, big tech's big boost microsoft leading it today the etf for technology hitting a better than 17-year high let's begin with tech. we can talk about the markets to be honest with you guys because as we come on the air today in general, new highs again, new highs across the board the dow is up nearly 82 points at the high of the day joe, the melt-up continues. >> steve and i were talking before the show. surat and i also had a conversation about how methodical the rise it it's almost like walking up that staircase. i think it's interesting, tomorrow you're going to get the unemployment report. i think you have to begin to really price in is this also beyond just good earnings, scott, is this about growth accelerating is this about repricing the economy maybe towards 2.5%, something that we didn't think was possible so getting yields of 2.35 on the ten-year tomorrow you get unemployment. i think it