molly, left unmentioned in that list is the deconstruction of the administrative state, the phrase used by white house chief strategist steve bannon. in the republican -- is the republican white house in washington with them on this statement that was so strident at cpac? molly: yes and no. one thing is you almost didn't have any republican congresspeople at cpac. ted cruz i believe is the only one to speak and many turned down offers. they've seen how the base of the party, that conservatism is what donald trump said it is and that can change. the deconstruction of the administrative state, scaling back the federal agencies' roles in things, that's something that i think republicans can agree on. republicans in congress agree with the administration, they've largely been with one voice behind all of the cabinet nominees. whose role in their agencies they largely see as scaling back what they saw as an everyly meddlesome executive branch in areas like environmental protection and the federal department of education. it is a conservative principle to scale back those agencies' roles. the

that goes unmentioned. they're going to get expensing. that goes unmentioned. they're going to get a much more enforceable tax code. their suppliers and others are going to have to be honest about their taxes and take the pressure off raising rates every year. so evaluate the reform as a whole and in doing so evaluate the fact that their markets are going to grow more rapidly. selling in the united states will have faster top line growth. if you can tell me the combination of faster growth and currency appreciation you need to be made whole, then i think that's a sensible starting point for this discussion. if you just say no, what you're really saying is i don't want tax reform or the only tax reform i like is one where multinationals can gain the system. that's not an acceptable set of options. >> we have to go, gentlemen. we continue to debate the effect this would have. 40 minutes to go until the close. dow is down 5 points, s&p down 4, nasdaq down 11, russell down 8 and transports down more than 100 points. >>> dow is up more than 12% since the election. w

and we've had some decisions made, unmentioned one earlier, concern north korea.ularly, that raid in yemen, which we discussed a few weeks ago. where it wasn't clear that there was sort of clear pathways to regular order, with the right kind of advice and legal counsel. >> this morning, david, a senior russian official is suggesting that the decision of mr. flynn to resign or be fired, whichever you choose to believe was meant to damage the relations between u.s. and russians. i even heard the phrase "russiaphobia." does that make sense to you? >> you know, compared to what we've learned in the past few months, gayle, about what the russians did during the course of the election. the disinformation campaign. the russian intelligence agncies stepping in to steal e-mails and make them public. it strikes me that this would be a pretty small contributor to overall relationships. >> just quickly, david, you write about north korea in "the new york times" today about why this missile test is significant in part because these missiles provide little advance warning if we

stuart: unmentioned by bill rhodes there at autozone was there any idea that the border tax came up forhouse? i bet it did. it is not popular with retailers. more important was the president's statement that massive tax cuts, and he used that word. ashley: he did. stuart: he used the word massive. best way to help the economy. up went the market on that news. that's what investors want to hear. big tax cuts coming. that's what the president implied. so now we've got -- okay. a 50-point gain for the dow industrials. we were up 100. but essentially we're going straight up. what have you got? liz: and the way the gop can put the tax cuts in is a budget reconciliation bill. not the super majority of 60 votes. stuart: that is important. 61 points higher for the dow jones industrial average. this is the live action presidency, and we're on it all the way through. moments from now, we're going to show you benjamin netanyahu arrive at the front door, and we'll show you that. and then he goes on for a press conference in the next hour 90 minutes with president trump. this is an important event.