bring it back here to hire another whirlpool worker.ssets. >> you can bring yours back. stuart: moi? you got me. brian bremburg, talk about the 1%. a lot of 1% will pay more. here is how it works. owed top rate, 39.6 is there. not going away. ashley: anything above a million. stuart: get a bit of a break for really high income earners. but also get clobbered by, you can no longer deduct state and local income taxes. if you live in new york, new jersey, california, illinois, connecticut, massachusetts, rest of them, you well pay more, ain't you? >> i will take unpopular position here. i wish we were giving a bigger tax cut to the 1%. nobody likes to say that we want to focus on the middle class, if you want the economy going, you want to juice investment, you have to cut taxes for people that pay it. ashley: so they will create jobs. >> 70% r paid by the 1%. don't hate the 1%. unlock their capital. i wish republicans would quit running away from this looks like they continue to run away. that will hurt growth. stuart: larry, i can hear y

haven't seen in a while, an expansion of new lows and not new highs and merc and schlumberger, and whirlpooltury link and some of the telecoms have had a rough time of it recently overall, we're talking about this change in tone in the markets, progress on tax reform, but no home run. the flatter yield curve with everyone trying to figure out what that means and recent disappointing data from china and of course, middle east uncertainty. right now i still don't think we're in a huge sea change in the market, but there are subtle cracks showing up now. back to you. >> bob, thank you very much. stick around because we need to dig a little bit deeper into the big, but kind of off the radar part of the market which may be a great leading indicator for stocks and that is junk bonds. mike santoli joining us now with more on the potential message of high yield mike >> briana, as you were discussing just a little while ago with bill gross, high-yield debt is a risk appetite gauge for investors. it's been actually one of the strongest attributes supporting the equity rally all year. what that means i

. >> we're not talking about an mcmansion whirlpool tub. >> right. >> so much of the case was built uponervation of first responding officers and emergency responders. they noted not only was ryan not wet. this man who had lifted his wife's body out of the tub just minutes before they arrived. sarah was also mostly dry. >> i noticed her body was dry. her hair was damp. >> others on the scene corroborated this observation. damp head, dry body. >> things were not adding up. it would seem to me her body would have been wet, the floor would have been wet, the carpet would have been wet. >> you're talking about from the time he says i'm taking her out of this bathtub to the time that other people are there, her hair is described as simply damp, not even wet. the carpet's not wet. there's not water dripping off of her hair onto the rest of her body. the floor is not wet. >> the officer noticed something else. the victim's fingers and toes. we all know what happens to them when they've been soaking in a bathtub. >> it was my understanding she had been in the water 20 to 30 minutes. i would have

giant whirlpool a decision on that is coming in a few weeks. so having those executives there could potentially sway trump's hand there if you guys are wondering whether trade is a big issue for the consumers and the people of this country, obviously, they do care about north korea that's priority number one, but just take a look at the front page of this paper today, and you'll see the only english letters are fta. that is the free trade agreement with the united states it is very top of mind for the people here. there's a hearing on friday, and we'll see what else we can learn about the talks that happen today. back to you. >> that is eye opening, given how important some of the national security questions are. kayla is in seoul with the president. we'll talk to you in a bit >> when we return, we're approaching the end of the automotive era that's according to our next guest, the former vice comarman of general motors, bob lutz, who is going to join us to explain don't go away. not rebalancing your portfolio. focused on what you love, not how

i remember i owned a stock, turkish stock, whirlpool of turkey, doing great going up every day. didn't realize currentlies devalued by 30%. i've never seen anything like this that doesn't necessarily mean it's wrong it does mean it's qualcomm going to 1,000, remember that call >> of course i do. >> pizec. >> what's it -- there was another guy too. we used to have a voiceover on the old "squawk box". >> i remember i was asked about a stock and i said that stock is going to zero an sec investigated me. before it was finished the stock went to zero >> it was moot. >> cramer, maybe we have to stop that -- but going to minus 5 i would assume -- >> as joseph stigletz said bitcoin is successful because of lack of oversight, it seems it ought to be outlawed which is not an impossibility. >> when i speak with fed officials, you got your head in the sand this is a way -- i should talk to jack lew. >> i heard. >> former treasury secretary of the united states. if i were the head of the irs, i would say, okay, listen, we asked for anybody who withdraws 10,000 from a bank you know they have

new lows, not new highs, but new lows on the new york stock exchange century link, archer daniels, whirlpool, and vinny, come over here, dow component that did a 52 week low and that's merck right here it's been a while since new lows guys, back to you. >> there's been weakness in biotech lately century link, i think bob is like a 20 year low over there in that telecom is upsetting high yield too. there's -- there's definitely pockets here of weakness >> and we mentioned the russell 2000, we've been talking about that the last four or five days. that's notably been underperforming for a while. that's an issue related to tax reform because small cap stocks would benefit this proportionately from any tax deductions >> that started in early october. that's been around a while too thanks bob >>> let's get to the closing bell exchange with all of that stuff there, we are joined from the partners, he's at post nine with keith bliss now the glass was suddenly half empty for the stock market, what are you guys talking about here on the floor >> well some of the points that bob just made with the ret

economy to rebound or else go over niagra falls in a barrel, break below and get sucked into the whirlpoolown below. stuart: on that note, burt flickenger. that is interesting. you're the man who coined the phrase, retail ice age. burt, you have been right. thank you very much. >>> look at stock price of boeing. they made a $37 billion deal with china, selling them 300 planes. reportedly these orders mostly apreviously agreed-to deals. sources on ground tell fox business deals signed today, are expected to total, for all of the deals in china, $250. that is a quarter of a trillion dollars. boeing a small part of it. >>> former dnc chair donna brazile airing the party's dirty laundry. someone coming up says brazile's book shows the media covered up hillary's health problems. we have details in full. >>> we have details on the senate tax plan. senator bill cassidy is next. will he confirm them for us? you're watching the second hour of "varney & company." ♪ copd makes it hard to breathe. so to breathe better, i go with anoro. ♪go your own way copd tries to say, "go this way." i say, "i'll go

it would protect whirlpool and that stock rose after the announcibiliemen announcement president trumps expected to make a decision on the recommendationly ear lby early year this becomes the question, do you want low prices, do you want jobs >> it also becomes the question of the winners and losers in the industry if we start putting tariffs on things, you will see other industries here get hit with tariffs in other countries you have to figure out how that will play out. >>> you guys remember the butterball lady? >> i do. >> she'll be on later. >> i do. >> i have a lot of -- >> what's this about being able to microwave >> you can microwave turkey. she'll tell us about that. >> you need a big microwave. >> should i use my joke again? i have to kill it first, get the feathers off otherwise it might be like a cat. you don't want to put a big -- >> cat >> you know, you can't put an animal in a microwave. you heard what happens >> ugh >> yeah. >> rat, dog. >> why are you -- >> i'm just saying you can't put the entire turkey -- >> yes yes. >> stuffing inside >> shouldn't be alive. >> shoul