the stock of the day still general electric. we're still below $20 a share. i'm waiting for day traders bounce it back up a little bit. maybe that will occur under neil cavuto's experience. isn't that right, neil? it is yours. neil: i wonder if roy moore could speed up the clock. december 12th election. you don't want to risk a law. dealing with a democrat. skedaddle as fast as you can, get ahead of that. stuart: hadn't thought of that. well-don't, neil. original thinking. neil: that is what i try to do. yeah, yeah. thank you my friend. we're on top of that. you have to wonder in light of the interesting interview whether the administration and what we're seeing out of the pousers that be out of the republican party that the they are trying to get ahead of this roy moore situation, just as we hear senate leader, mitch mcconnell saying you should given allegations of these women step down right now.

whatever the case, that special election called for december 12th. the feeling seems to be that mr. moore, judge moore is in a heap of trouble. and that he would likely lose, even if there's a write-in vote for the man he defeated, luther strange. if that happens, the vote is divided, democrat wins. after that point, you have close a margin as you want, 51-49 favoring republicans down from 5248. you don't want to risk losing republicans anymore that you can. to "politico" capital hill reporter, and rachel, to you first, the prospect this moore stuff is beginning to complicate, maybe actually speed up this process. what do you think? >> i think republicans decided he is more after liability than an asset. there is of course, you mentioned the tax bill. there is a fear that he will lose a seat that should have been the safest seat on the map

for republicans, red state, alabama. that would mean one less vote for tax reform. this was already going to be close. so they do want to move as fast as possible, if they lose the seat, that will be an issue. now i do have sources here in the house telling me they are pretty confident they can get this passed in the house this week. however, even if it passes in the house this week, the senate has 300 amendments in committee. it has to go to the floor. we know how difficult for the senate to get anything done. it will be a while. neil: on that shame point, cabot, if you indulge me, mitch mcconnell is talking about the moore situation, the judge moore situation, that republicans are looking for a viable write-in candidate for the senate race this is from the louisville currier. could write in a name. inherently writing in a name, whether senator strange or anyone else that further divides republican vote.

makes it easy for the democrat to slip n already that democrat candidate has 4-point lead in the polls. it could change. it does change the dynamics point to already we stand in this tax cut race, right? >> i think people will write in someone else. i don't think that is enough to give republican as victory the way the momentum going right now. you say that race could be a reason the republicans speed up the tax reform process. i think another reason what happened in virginia and new jersey. republicans say they need to victory that they will have a democrat majority in the senate and house. they don't have the majority. they need to promise the american voters what they need to do. for the past six years, promising if they got republican control in d.c., they could bet tax reform done. i think they want to get that done as quick as possible, that they have plenty of time to brag about it up leading up to the midterms in 2018. neil: i know the clarion call

that something is better than nothing. i'm not always convinced of that, rachel. if something doesn't make a dramatic difference for most individuals. they crunch the numbers and it doesn't. given fact we're nearly full employment as it is, better than what we considered full employment, are we so convinced lower rates lead to boom in job growth, expansion in plant and equipment when companies might want to buy more stock? that is their right. they can do what they want with the tax savings but i don't know that it translates to the beneficial jobs degree they say. what do you think? >> i think republicans here think it will be need to get it done, a boon to the economy and follow through on the midterms. neil: they think it will be immediate boon by november next year? >> yes, absolutely. some people are still pushing for retroactive tax cuts. neil: that will not happen. >> that costs a lot more money. there is this back and forth on the hill, who can scream louder

on the tax bill. democrats are saying, you know this will be a tax hike on middle class. it will hurt people. republicans sort of painting this as best thing since sliced bread. the truth of course is sort of in the middle. we saw jct, tax policy center, non-partisan group come out say each bracket will benefit, however each bracket will see some people that will see tax increases. so just depending how you do your taxes you might see your taxes go up. but republicans are definitely holding on to this as, you know, their lifesaver right now. there is a lot of fear. neil: no doubt about that. cabot, i wonder when a lot of people crunch the numbers, leave aside those in high-taxed states, a lot more than just a few will end up not saving much, if not paying more, i'm wondering how that translates? a lot of people could get angry, couldn't they? couldn't the opposite effect happen? >> a lot of people just tend to look at their increase or decrease in taxes under the plan

but many people fail to take into account income earnings increases that take place under the plan. republicans point to that technically a small percentage people may pay a few percent an points higher but will not be as detrimental impact you will earn more money on the plan. we'll have a boom in the economy. more money coming back from overseas. that is what republicans are talking to. that is effective selling point. neil: it has to happen. >> it may not have immediate impact before the midterms but they can point to the growth happening in the long term down the road and give people big picture. neil: thank you, nice, both, very, very much. quick peek at the dow. we've gone from negative to positive, largely on belief here, maybe, maybe they move the timetable ahead on this and ironic situation of roy moore in alabama and allegations against him and mitch mcconnell saying better part of valor might be for you to step down right now, avoid the embarassment for the

party, whatever the party is trying to move ahead of the december 12th election, to get this wrapped up. will that work? former cbo director douglas holtz-eakin. very good to see you. outside events are outside events but this one seems to be providing the latest catalyst to get hopping? >> i think that's right. there is enormous pressure on republicans to deliver legislatively for the president. there is enormous amount of pressure to deliver in the economy. they were sent to washington to make the economy perform better and now they have a clock on it. neil: do you think this package the way you crunched it will do this? >> common illness in the house and senate, corporate reforms, business efforts will improve climate to invest, innovate, hire people in the u.s., to pay them better. the key is better wage growth. it is not jobs. people working full time, full year not getting a real increase in their income. neil: would -- what would compel these guys to pay people more? >> no one wants to. but you have a tight labor

market. neil: you have tight labor market for a while and not driving it. >> not really. 2016 we saw median family income rise 3.2ers. that is great. neil: all right. >> inside that full-time workers got zero. people moving from part-time to full time, working a little more. the labor market tightened that stuff is going away and time to get wage growth up. neil: if you think, before they get it under the december 12th election in alabama, that they have enough support to get it approved, particularly in the senate? the house i don't think will be an issue. you might know this better than i. senate could be dicey. i'm wondering how you see it factoring? >> always dicey in the senate. the margin is tight. neil: and it's a light tighter with 51-49. >> they're keenly aware about that arithmetic. we'll see what the senate looks like in the senate finance committee. get a flavor what is important to people. i think republicans if they can look at bill, say this is going

to deliver growth, will deliver for the middle class in pretax wage, not just tax cuts, then that is a sell. neil: that is what i've been saying to a lot of people. people of all stripes, very rich to the not so rich, have to see knit their net paychecks, right? >> right. neil: if they don't or not considerable could it boomerang on republicans? could they say we waited for this? >> yeah. i think it is very simple. i think the republicans control the house, senate and white house for one and only one reason. neil: if you get the net paycheck, not nearly what i thought, i know constraints of reconciliation and a lot of people do, maybe they sort out the brackets in the senate versus four in the house but if in the end it turns out the savings a lot of folks thought they get they don't get or some high-taxed states like the one we're in, even middle class folks pay more, then what?

much. >> do we see the economy generally grinding up. neil: do you think we will? >> i think there is a good chance. they're disciplined in the growth aspects of bill. don't get caught up in the class warfare or little niceties. better incentives, make them permanent, hard in reconciliation, that could be a big sell. neil: a lot of people talk about how it won't be revenue neutral in the end. the budget deficit will be worse in 10 years than it does now. that happened under both parties as you reminded me but the republicans are not going to in conundrum a year from now. do you think they will? immediate effect of these tax cuts won't be realized assuming they're passed but higher deficit will? >> i think there are two litmus tests for reform, number one on budget front, no one should want trillion 1/2 in debt. question will there be enough growth to make it worthwhile? the senate and house republicans

have to decide that. look at the plan as it emerges from committee and in conference. the lech litmus test is overseas earnings. the way it works, there is date they're deemed to come back, whether they do or not. they only really come back in the economy is performing better, if the tax reform is worth it. there is built in test for a good tax reform. neil: lowest rate in the world doesn't automatically mean you bring it home. >> right. neil: thanks, douglas holtz-eakin, former cbo director, much, much more. president nominate ad new health secretary, blake burman, here to tell us who he is is and blake. reporter: alex asar. the official laid out why the president chose azar. he has been there done that already with hhs. they believe this is somebody who can walk in on day one. this is somebody who has been through the confirmation process who they argue fought the public fight to lower prescription drug

prices. let me bring you through lear bio. azar was most recent president of eli lilly u.s. division which he stepped away this year in january. he was in the role four plus years. for about a year-and-a-half, azar was number two in the hhs in the bush 43 administration f he is confirmed he would be tasked with the planned efforts by the trump administration to unravel obamacare. earlier when he appeared this year on "varney & company," azar made this prediction right here and it foreshadows his potential role, neil, if he becomes the hhs secretary he might have a lot to do with the president's plans. >> i think at the end of the day this is hot potato that lands back in secretary price's lap for him to use as many authorities he has to grant flexibility to try to dig us out of the obamacare mess as much as he can. reporter: secretary price the one azar is trying to replace. democrats laid a marker down on this one. for example, senator ron wyden

sent out this statement just after the president made his announcement. he said, i quote, i will closely scrutinize mr. azar's record ask his commitment to faithfully implement the affordable care act and take decisive action to curtail the runaway train of prescription drug costs. even though, neil, this is somebody that has been through the confirmation process, unanimously azar was passed by the senate, this is a whole new fight now of course with the obamacare fight ahead. neil? neil: he will be very controversial now especially in light of last week's elections. thank you very, very much, my friend. blake best of your memory man. we're learning senator rand paul is tweeting coming back to the senate today. back in washington this is little more than a week after a neighbor broke five of his ribs. that was pretty scary stuff. a lot of people thought not only a lot of plane but difficult to fly. some doctors don't recommend you fly at all. he is. i don't know if he is flying.

you could drive it from kentucky. he is coming back, a worry about one less republican vote when the health care thing comes up, is less of a worry. at same time we're learning that roy moore is losing friends fast and furious on capitol hill, including mitch mcconnell, the senate leader says, here is the door. bye bye. think your large cap equity fund

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neil: you know the only thing that kept investors loyal to ge was the handsome dividend, among the fattest in corporate america. this is the stock. it is better than five 1/2-year low today. this was not supposed to be the way it was going to fall out. to deirdre bolton if investors expect a rebound. she is outside where they're gathering right now. deirdre. reporter: i certainly am, neil. you said it, ge is supposed to be one of the stable stocks, one of the blue-chips in people's portfolios for years. a lot of people in this building for investor day are people that manage pensions or 401(k)s. there is a lot of ge stock out there. you mentioned it is a dow laggard this year. worst performing one. five 1/2-year low as we speak. look at ge year-to-date. it is down 35%, versus s&p s&p 50015% gain.

current ceo john flannery. he has been with the company 30 years time but he is inheriting this company, this manufacturing conglomerate at one of the toughest junctures in its 125 year history. if you look what he had to take over from the previous ceo jeff immelt, during jeff immelt's 16 year time, the stock dropped 1 to%. -- down 35% but during that time the s&p 500 went up 35%. a lot of analysts are calling for a possible breakup of this company. seems like today, the message from the current ceo, john flannery. this is our last-ditch effort. he did not say that i'm paraphrasing that heavily, to really streamline this company, make it simple and show the investors here. i was a fly on the wall for first 45 minutes of his speech. make this whole thing run

better, more streamlined and he is making some very specific changes to have 2018 what he called, i am quoting him here, a reset year. he is putting a lot more pressure on himself and senior executives. as far as their pay goes, neil. senior executives will now be paid 80% in equity. so, up from 50%. as for his own pay, he is a 100%, the ceo, equity-based. they are also reducing the number of people sitting on the board. there was a lot of criticism from analysts that ge had gotten too big to manage. there were too many people on the board. they're taking number of directors down from 18 to 12. they are also installing three new members on that board. we know that one of those seats is actually from activist hedge fund trian. nelson peltz is at top did a lot of work for p&g. john flannery, ceo of ge, says

we know we have a heavy lift ahead, here is our plan and some of the elements but it is true they are seeking a much more streamlined company. neil, back to you. neil: deirdre, thank you very much. this was earth shattering development, when the leader of the senate, majority leader mitch mcconnell says, roy moore, you should step aside. i believe the women that made accusations against him. four on record. there were a couple dozen others quoted in a "washington post" story that said he had a history of of taking advantage of young women. that was then. this is now. the fallout how this affects tax cut debate, the "washington examiner"'s sarah westwood. sara, i think on flip side, republicans are making lemonade out of these political lemons, speeding up process to get a tax vote done. maybe long before the alabama election in the senate. what do you think? >> i think you're absolutely right. the republicans see are already

delicate numbers and senate could get worse in december if roy moore could lose this race, which could happen if write-in race could split votes. the race was too close for republicans. that could throw the race to a democrat. neil: they can't change the ballots at this stage, right? >> right. neil: if he quits now, he is still on the ballot, you can't reprint the ballots? >> right. the deadline getting someone new are past. they could write -- mount a write-in campaign. luther strange has been cast aside by the people of alabama. even if the republican party were to coalesce behind him to try to get a write-in campaign for him, he already been proven to be less than popular in that state. this puts republicans in very difficult position. there is a recognition that the way the numbers are looking, with bob corker and jeff flake already waivering on the tax-cut

package, they can't lose anymore republicans. even one more defects could throw the whole thing into jeopardy. they know they have to hurry. they have about a month left to get this done. neil: let me ask you this. doug jones, he is democratic candidate, has four or five-point lead in the polls now, but he realizes full well would be representing a very conservative state, a state, that donald trump won by comfortable double digits, do we know his stand on this tax package? maybe he has been sort of a gimme as a no vote but he might not be? >> i think there is some concern among republicans that he would vote with the democratic caucus, more often than you would expect a southern democrat to vote with the democrats. this isn't someone who will caucus necessarily with the republicans very often. there is legitimate fear, a lot of positions doug jones would take would line up more often with the left than republicans are comfortable with. difficult to run as progressive

in alabama. i don't think you will see him being as liberal as someone like chuck schumer, like nancy pelosi. but he is certainly going to caucus with democrats. he is by know means a guaranteed yes vote, even on very red meat policies like tax cuts. neil: have you seen any evidence so far to support the notion that maybe this idea for renegade outside the establishment candidate slows because of these moore developments and stymies steve bannon who is leading that charge? >> certainly lends credibility to mcconnell's argument, maybe these insurgent candidates look attractive during primaries but we have to nominate republicans that can win general elections. neil: right. >> his warning roy moore would end up like todd aiken lost winnable seat in missouri, because he made controversial comments about rape. we have to look out for candidates too controversial for general election that seems to prove mcconnell right with the

roy moore race. neil: good from afar, but once in the race, far from good. sarah, thank you very much. >> thank you. neil: sarah westwood. look at the dow up, helping to turn the dow around. optimism over something that would normally make a lot of investors pessimists, that is the potential of losing a republican senator, maybe it gains them a tax cut. seems like a pretty big leap, but today, maybe not. more after this.

neil: all right. well the president facing a whole lot of heat cozying up this time to the philippines leader rodrigo duer-te his relationship with russia and fact that vladmir putin says he didn't inferior with our election and we have rebecca hine rings. and john hannah. welcome to both of you. john that criticism keeps coming

up. it would make sense comes up in the president's asian tour. he will meet with the philippines leader. what do you make from the fallout of this. >> one hand, neil this, is the essence of international diplomacy. trying to advance american interests even when we have to work with some. most dangerous and detestable people on the planet. i think where the president maybe doesn't get the balance quite right in terms of honey and vinegar, in terms of being willing to sweet talk these guys, but at same time, push back aggressively when they do undermine and attack american interests you have to do both of those things at the same time, as our best presidents likes ronald reagan did with the soviet union for example. neil: rebecca i'm thinking how he handled the vladmir putin meeting. first he said there is no evidence of russian interference. then coming back dialing that a little bit, vladmir putin firmly

believes, believes what he says, he didn't do that. but couching it, parsing it, i'm wondering what liters like put 10 then make of that, or do they make hay of that? >> what do you think? >> you know. what is important that president trump stay the course continuing to pursue matters of policy for american interest. protecting baltic states. protecting poland. open up emergency markets. getting it right in syria, pushing back on iran, all things russia won't like. as long as he pursues policy, doesn't object to the u.s. modernizing our nuclear force and expanding in the presence in europe, it doesn't bother me with he has a good rapport with putin. as long as he stays the course. putin looks at when the united states is indecisive and weak. if president pulls this off, it is good thing in general.

neil: the difference between the philippines leader. he is a tough character. he likes to brag that. that, drug use and the number of drug problems have gone down markedly under his leadership. that is because, human rights critics say he is killing them left and right. now, that works both ways. the president, our president admirers approach he takes to that. what do you think. >> it is never a good place to be when the president of the united states, who is after all the leader of free world the last time i looked looks like he is cozying up to people who are not only acting outside of judicial processes and denying people do you process, but acting as judge, jury and executioner for people all on his own. that is a bad place to to. even with duterte, the philippines are treaty partner that give us critical military access in that part of the

world. we have to be able, at same time we are year tough privately on questions of human rights that we're keeping filipinos on side in this very serious competition we have with china the world's new rising power, aspiring hedgemon we have to be compete against. neil: rebecca, how do you think the president fared on this trip? he will be back late tomorrow night but how do you think it went? >> i think he did very well. president trump tend to do well on international scene on these trips. i want to say something about the human rights piece. this is tee fining of the trump administration. makes a lot of people in d.c. uncomfortable. he believes human rights and prosperity is best handled when the united states is strong. rather than signal or lecture to these countries very publicly, he would rather do it privately and focus on the common

interests that the united states is secure and stable. in philippines, they increased trade with north korea over 100%. after president trump started throwing hammer down, got tough sanctions through the u.n. security council and he said he doesn't want the countries doing trade with north korea anymore, the philippines utterly cut off trade with north korea. the president is looking for commonality and where united states and allies can push for common goals. that will be good for peace and prosperity in the long run. that is what he is focused on. neil: thank you both very, very much. you heard big news on ge, slip-sliding away after it cuts its dividend in half. used to be a play, read about it in barr -- baron's and all these other august publications that these stocks pay dividends and people in retirement, widows and orphan investors, look what happened to ge, has all that changed? let's ask a brainiac from barr

ron's after this. ♪

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>> i think we're going to enter a bear market people will remember a long period of time. i think it is likely to be one that you know, will make its mark on the charts. neil: all right. bear market is decline of 20% or so from our highs. is that -- >> i think it will be quite a bit larger than that. neil: what do you see? what do your charts tell you? >> i would say at least as bad a bear market as 07-09. at very least. neil: does it ever get knows bleed did i -- "nosebleedy" for you or these levels are justified? >> it feels a little "nosebleedy," neil it, really does. neil: steve ballmer, robert and all concerned that we're getting too rich for our britches here

and comeuppance is in order. barrons.com editor jack otter what he makes of that. lo and behold, we have the news of ge. dividend slashed in half. the stock is still tanking. is this a preview of coming attractions. what do you think? >> i have to do, for readers of "barron's," it was no surprise ge slashed its dividends. we warned them. neil: you did. >> i think it is dangerous to listen to people that tell you that the market is going to plummet or going to soar. one of them will be right. neil: right. >> we don't know whether the bears or bulls are right. neil: like a broken clock. >> someone eventually right. neil: good argument after nine years we're due. >> certainly this bull market, getting long in the tooth. what that means is, you've done well, if you have been fully invested. now time to look, don't think in terms of percentages. those are harder to chew on, whatever you have got, 10 grand a million dollars, imagine if that was cut in half, could you sleep at night. if not, time to diversify a little bit.

alternative investments do it now rather than waiting until things fall apart. neil: "barron's" is known for calling bubbles, being ahead of stocks that everyone loves and thinking about them. ge very good example of that, where you've been telegraphing this dividend move but it is, been horrific. the fallout. and i'm wondering what that says about what you used to be safe investments where a lot of people, even when a stock slid to smithereens this is little extreme with ge, you had the protection of income. now you don't even have that. >> sure. so a couple of things. one i think ge is largely a stock pacific story. we can go on and on were the story. honeywell does much the same thing, smaller, less well-known. neil: i remember they would hook up. >> that has been a wonderful stock over the years. neil: do you worry when someone like new ceo, plannerry, you

know, i don't upset about that sort of thing the stock price. >> he has to say that. neil: salaries and all that to the stock, so obviously it does matter. >> sure. neil: but it is not matter today. >> yeah. i really think, it is a stock specific story. a lot of financial engineering went with the company for decades, they got away with it. now they're paying for it. you have to think a breakup may well be likely. neil: used to be like investing in ge was investing in a growth mutual fund, the days of jack welch. what happened? >> a great warning that people not to fall in a love with stock. right now is the fangs. everyone betting on them is doing wonderfully. neil: facebook apple, right. >> and that music is going to come to an end. neil: don't fall in love with one issue. >> right. neil: what is the issue that should telegraph concern for you? i mean a lot of people disproportionately invested in those stocks. >> right now is the time to take winnings off the table. neil: really. >> absolutely. i'm not saying, you corks i

could sit here a year from now, they could be up another 25%. you would say, jack, why did you tell them to do that? the reason i don't know. at some point things will stop. but now is the time to look for what is -- is anything cheap. "barron's" cover this week we recommended automobile stocks. and -- neil: i thought you had all gone drinking with that issue. >> exactly. neil: you have? >> crazy, journalists don't drink. gm is a mess. it will be all electric soon. neil: maybe they're beaten down for a reason? >> they are. they are not perfect but selling five, six and seven times earnings. i would rather own that kind of an issue at nine years into a bull market than a stock selling for 20 or 30 times. old defensive stocks, not just ge, look at consumer staples, toilet paper, peanut butter, even in a recession people buy those things, those stocks are selling at 20, 22 times earnings. neil: is that right? >> why suddenly autos look good

but there is also lots of other value stocks ignored because they haven't shown the fright growth of the fangs. lincoln financial is very boring insurance company selling 11 times. you can buy a value index or go with a good value manager. that will protect you. neil: what about people that like -- apple, microsoft, that have dividend but that is their sole strategy. i want a lot of shares in a lot of stocks that pay me a little bit of money a lot of people have that, ignorant of price. >> yields are so low so long, they are bond proxies. i'm getting better yield than the 10-year bond. that is true, that is fine. they are kind of expensive. if a stock had juicy yield it was cheap. now it doesn't always mean that you can shop in telecoms which

have been beaten down recently, as you say, for a reason. when the market, good example. in when the tech bubble burst, obviously the tech stocks plummeted. you would think in the awful market looking back everything fell but it didn't. the hated stocks, philip morris's and others went up. small caps were not hated at all. they went up. you can diversify away some pain. neil: big macros seem prospect for tax cuts. i argued that the roy moore situation sped up the timetable republicans want to get these things done, long before the december 12th alabama election. whether that is factor or not. do you think that the optimism, the markets have about the bang for the buck they're going to get out of these cuts is justified? >> now i'm not sure that the markets are terribly optimistic. if you look how last week stocks performed. neil: absolutely. >> small caps which would benefit more from the tax cut did worse than the big caps.

neil: is that sensing these don't happen, or if they do they won't be a big deal or we already enjoyed run we're going to get? >> i think combination we enjoyed the run of expectation what would happen and now the market say something it won't happen, maybe we pull back a little bit. if it does happen you get a little bit of a bounce. neil: wow, jack, thank you very much. jack otter, "barron's" -- barrons.com editor. taylor swift bypassing traditional streaming services, but sorry, taylor, you have not topped adele. think of that. adele still rules the world. saying after this. ♪

neil: on surface this sounds crazy, walmart raising prices of some goods online so customers go to brick-and-mortar stores. jeff flock wanted to check this out for himself. hey, jeff. reporter: bricks and mortar strikes back, neil t sound as little bit crazy. obviously for years it had been, oh, you go online, you get the

best price. well, at walmart right now, story first reported by our pals at "wall street journal" they found walmart has been quietly raising prices on popular items maybe aren't so economical to ship. when you get free shipping, starts costing you money instead of making you money. take a look at something like tide. this is something we maybe all buy, we have to watch our clothes. 138-ounce tide online, 10.42. you save a dollar coming to the sore like this one in skokie. ritz crackers, small little item. 3.83 on line. 2.93 in the store. kraft macaroni and cheese. those were four for a buck. 25 cents a piece. you would eat those all week. five-pack is 4.50 in the store. it is a way, two prongs, is what at least the journal is reporting, walmart not really confirming it. number one, raise the profits of

online sales, because they're actually losing money i think on some of these items. two, people getting into the store. what does walmart have that amazon doesn't have? it has bricks and mortar, to get you into the store, wait a minute, you know i also need, and maybe you buy some more stuff that you wouldn't have otherwise bought online. take a look at the stock, amazon and walmart both up big time this past year, look at five-year, guess the horse left the barn. not sure you made a whole lot of money from amazon and not so much from walmart. maybe profits on the rise. sell things that what they cost. neil: jeff, you're thin and fit. this whole foods example that you use, that is my food pyramid. so i'm just wondering, jeff, what does amazon do? couldn't they say, all of sudden these are items. we her jeff flock's report. those are the items that are specially discounted at stores, we'll just cut the price of those? reporter: you know what?

what they say say is, go ahead. walmart, go ahead. you will lose money on that stuff. you're shipping that stuff out for free. go for it. logs -- loss leader for them. they can do it. neil: loss leader for them. reporter: they have been doing that for years. they haven't made a ton of profits. neil: you will get enraged -- reporter: i like going to wal-mart. i love going to walmart. where do you see people like you see at walmart? neil: they have an aisle as soon on tv. everything that advertisers seen on tv, walmart has area dedicated to that. reporter: you can't beat that. you don't have to sit at home and buy it. one big shopping cart. pocket fisherman. all that stuff. neil: thank you for showing my food pyramid to the world. i appreciate it. jeff flock is the best. meanwhile, have you caught this? taylor swift bypassing streaming services for latest album, and

paying off big time. "fox news headlines 24/7" reporter carley shimkus. good for her. what did she do here? reporter: she made a whole lot of money. she sold 700 albums first day the album was released y put the music on spotify when people are willing to pay for it? neil, she is on track making a lot more money. she might actually sell one million albums in the first week, that her new reputation album is available. neil: yeah. but, but my rock star fav, adele hold the record? reporter: does she now? yes, she does. she has a record-setting debut, 3.38 million. that is a big number. pitting taylor swift against adele here? neil: i am. taylor is a little copycat.

and that she can't hold a candle to adele's near angelic voice. your thoughts? reporter: my goodness. taylor swift has a squad. i don't think adele is part of it. this could be a feud we might even see a little bit take place on the red carpet. so are you okay with taylor swift not releasing her album on spotify? neil: i'm not interested, only adele's. i know what you're thinking, carly, this makes people feel uncomfortable that i have this great fanship and kinship with adele. i'm telling you, all this started with adele to be fair. reporter: i didn't know the history behind this with adele. i knew the beatles weren't on spotify. neil: beatles, smheatles, adele set the standard. don't get bogged down in the facts. reporter: spotify is selling makeup. they're diversifying their platform. you can look at an artist's

picture and then buy makeup directly on spotify. i know adele is very known for, famous for her winged eye lynner look. maybe we can get you with a little bit of winged eyeliner. neil: she doesn't need that to be a star. i'm saying a certain other female superstar maybe does. reporter: you never know. you're in the corner of adele. i respect that i'm a little surprised. neil: no, no. you're not the first one who is a little, you know, uncomfortable over this. but, that is the way i roll. a riddle in conundrum. whole nine yards. reporter: fair and balanced. neil: great job, carley. more after this. investors will always be. nah. not gonna happen.

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it's a good time to get your ducks in a row. duck: quack! call to request your free decision guide now. because the time to think about tomorrow is today. train to a all right, busy bees in washington. senate finance committee once the markup shortly. the house expected later this week to vote on the whole shebang and hopefully get this long before the december 12 alabama election to negate the whole effect of potentially losing a republican sea. who knows, but adam shapiro is closer to going. how is the timetable looking? reporter: the timetable looks aggressive, but what can i possibly having a vote in the senate if you look to people like mick mulvaney possibly after thanksgiving. most important what the president is thinking because he treated this morning that i'm

proud of the republican house and senate for working so hard on cutting taxes and reform. we are getting close. how about ending the unfair and highly unpopular mandate in zero care and reducing taxes even further. can't talk right to 35% with the rest going to middle income taxes. let's talk about what will happen this week to devote in the house most likely they will pass that bill out. then we'll look at the markup in the senate on the version of tax reform. orin hatch amendments will change. if you contribute comment that his people 50 years or older no longer will that be pretax. it would be taxed upfront, but they'll increase to $9000. ira to repeal the law which allows you to convert a traditional ira into a roth ira. these are amendments. they haven't been approved yet. finally, the corporate dividend. they call a corporate

integration, avoiding double taxation so corporations would now be able to deduct up to 12.5% of total dividends they pay to shareholders. that's what's coming down the pike. and of course, mick mulvaney, director of omb said this about the timing. >> i think you see the house bill passed this week in the senate may have a chance to pass before thanksgiving if not immediately after critical obviously to get all this wrapped up by christmas and i think not only are we on schedule right there from the slightly ahead of schedule. reporter: utah about the election in alabama possibly be something i would contribute to getting done before that. keep in mind the continuing resolution to fund the government december 8th and there is definitely a desire to get all of this done before december 8th. back to you. neil: thank you very much, adam. what about that? was that it does come to fruition. is this all it's cracked up to

be? theme of thorns off author among others, douglas wead. i have a slightly different view on this, never trump, et cetera connecting people will be disappointed in this. individuals discover from next year come whenever he takes effect, if it takes effect, when it happens in the net doesn't move that much and they don't see the commensurate run-up in stock they thought they would today be all that was pre-factored in. i think the push for simplicity over just giving people a better net gain in their paycheck is going to come back to rue the day for republicans feared would you say? >> that could very well be the case. that the reality. you heard mitch mcconnell's recent comment, wow. something is going on here. they may quickly pass the tax and it may not be what trump want to stick his name to.

neil: roy moore is one of the reasons why isis back to my opinion, i could be very wrong they are moving so quickly. the special election is most likely things being what they are now a divided republican though, and even if they were writing the republican though, so why risk that when you could try to get this all done with the republican votes you have come in 5240 advantage at half. >> that's very shrewd analysis and that's very likely. i have a source. i haven't confirmed it yet, but he is a source that very prominent in the republican establishment tells me that the republican establishment themselves popped this whole judge more thing. so we do have this unusual moment in history. you can't quite compare this to reagan around their president than pushing a clean tax cut bill for any kind of legislation

because you have this whole new metamorphosis of the republican party almost like the wigs becoming the republicans. you have the change in the democratic party and republican party. trump gets his tax bill he wins. if trump doesn't get his tax though, he wins because he can go to his eighth and blame it on the rotten establishment, democrat and republican. there's two things occurring parallel on the same track and makes for a confusing but fascinating time historically. trained to do you think this tangy steve banning in the quest to get outside the box renegade candidates in your face populist than those who take on the establishment that people might just say coming in now, go slow here, this is not the way we want to go. >> yes, the president is conflicted about that, too. obviously you can see in the comments because if you really wanted to pass the tax bill, you think he could do it. he says nice things about putin. he could say nice things about

mcconnell. so he could do what i believe if he really wanted it. neil: what do you think the effect of all this will be? you're an historian. you know some of our most historic cut have been those across the board whether going back to jfk even though they took fruition in lbj's administration for ronald reagan's cuts or george bush junior is to cut, that they had an impact because they were across the board. now, different folks have different opinions. i just like to get yours. this is not across the board. this is not nearly as big as those get what you think? >> yeah, i like your initial gut reaction that you said at the top of the segment. i think there may be some disappointment. then i get this then what did we get? the interesting thing about trump when you study him in the private sector as well in politics as he revisits the things. he comes back he starts a building project.

it doesn't work you a thing comes back a few years later with different players, so he may not be done with tax even if you get this bill through. neil: let's say he does then is facing a democratic congress after next year or at lease one of the houses, do you see that as a possibility? >> yes, that's a very real possibility. as i said come in the democrat party is transforming. not just the republican party. going way to the left. we never see anything quite like this. we don't know where either party is going to end up. we know the american public are fed up with the establishment. trump is popping into that and bernie sanders is plugging into that. neil: too early to tell. thank you. could he see you. >> good to see you to come and kneel. neil: the tax reform stymies wanted to asset not a biggest deal as some thought. could there be a general sort of distraction among the republican base including high income folks who say alright, maybe we just

don't feel like writing checks. we are not going to vote for democrats, but we are bummed out because we're not getting what we thought we would get out of this tax cut. foster freeze on all of that. what you think it'll be sort of like a protest of silence. what do you think? >> i think i would be a huge mistake and part of republicans prism of our friend, but that's not a very savvy approach. if you want to get these things passed it's a very simple answer. you just get more republicans and said i should be our challenge. we should donate more money, not less. we should put on my running shoes and make sure we get some people in there who vote for these bills. that's the solution. not depriving the republicans of the resource they need. there's a lot of good guys fighting for the right things there. >> you think this is the right thing in the end? the limitations they are dealing with coming up to make the numbers. i understand not.

a lot of individuals are disappointed from the middle class to the upper class who are do you know it they are getting are not getting it i don't think i'll be too happy. they will say all this for this? >> the way they went about the whole process really annoys me. it has for years. they put all these bizarre things in the bill. as of the landover dr. funds. if you are a gift money, they don't pay out the proper amount. there's penalties and taxes in another bill that takes away the tax exemption for financing of stadiums. why did they put these all into one hodgepodge where you have something in the did nobody likes? they could start a purely simple. but take the corporate rate which is the highest in the world, 35% and bring it more in-line with russia and china in the 20% to 25%. start there and get that pass get that pass. almost everyone would agree with that and find something else everybody agrees with. to have a 79 page bill, i don't think we should allow lawyers to

write our law. >> the overwhelming majority are the leaders. foster, assuming this goes through, do you think republicans will have another shot at getting taxes lower income election day americans are not feeling despite the vague or read, they are not feeling it and they still take it out on republicans. >> what is important to american citizens having a lower tax rate or having income. if it really true if we reduce the corporate income tax to bring it in line with the rest of the world, if that generated your or my income up 20%, would we care taxes even when not if we've got our money in our pocket? neil: how is that more money in her pocket? >> they say economics 101 if you give corporations this much money they are going to be able to invest it. some companies will and a

buyback stock or increase dividends paid many will have more opportunity to increase benefits and wages. neil: why haven't they done that already? in this environment where they flash their balance sheets in some of the stuff you predicted they would, why are we seeing that already? >> i don't know how to answer that. i would think a lot of companies are growing. you say they are not expanding, but there's a lot of companies outside the companies you and i look at. keep in mind, most of our growth comes from smaller businesses and we are looking at bigger companies you just mentioned 10 or 12 in the back of your mind that fit that criteria. but where our economy grows is that the smaller companies and i think when you're in business, it is so exciting to grow and pay your people more and give them a company trip and give them better medical benefits and increase and open up our office in jackson hole in arizona. neil: you think even a full employment were better than that

environment more businesses, particularly smaller ones, but they will do that in this environment given the more favorable effects? >> well, i believe there motivated. people want to grow and thrive. if you're the coach of the iowa high school team and you want to aspire to be the university of iowa and get a national football league spot, there is something embedded with all of this. we want to grow into better and provide more for other people. as you grow older you don't seek more power. you grow its eagerness to serve others see you could do that by creating more jobs and more products people want. that's the essence of america in what is going to get us through and make us better than we were 10 years ago. the answer is yes, i do believe it's going to happen. neil: real quickly and avoid more situation, mitch mcconnell saying step down right now. go, what do you think. >> well, i'm torn at that

because coming from a christian heritage, something someone did four years ago it is hard not to be forgiving. you look at all of our lives. i think forgiveness is the greatest thing jesus brought to our nation and that would be somewhat good. i'll leave that to mitch mcconnell. more interested in something like patients u.s.a..com. hop on there and figure out we can get a seat at the table. trying to promote one might and bill cassidy said he is going to put it in. house member from the democratic side said we are going to require all providers of health care services, hospitals and doctors to publish prices. think of what that will mean. i talked to the lady that sent a prescription, couples prescription, got fulfilled at wal-mart for $4 another pharmacy she dished out 10 days ago, client had to pay $40. publishing prices is going to be a huge step, incremental, one step at a time.

paul ryan just sent me an e-mail this morning. everybody in the house republicans are for transparency and you can find no one out here in the counties, who are not giving me high fives when i say let publish prices. neil: i would imagine bernie is getting a little lower high fives. >> no you're right. great seeing you, my friend. thank you very much. neil: donald trump and kim jong un. i'm not going to say that korean leader is short and fat. after this.

neil: alright, i think this is kim jong un colony the president of the united states the pool. he said i'm not going to say that he is short and fat or something like that. they got on my level which i kind of appreciate. not john decker's level, but my level. fox news radio john decker on the fallout from that nastiness.

the president clearly was having a fun time and joking. a lot of people took it seriously word for word. it does indicate the hot and cold approach to kim jong un. that's fairly consistent. >> it is. this is the first time we've seen the president get personal during the course of his asia trip. the national assembly in seoul, south korea. varying measures beach laying out what the world faces, not only the region faces with the danger posed by north korea as a nuclear arsenal. i think what the world have gotten used to over the course of the last few days during the asia trip and the message that the president has been delivering to china, south korea, japan and i think he's been rather exact days in getting our allies in the region and even china, which can be an ally here to get on board the type of approach the president would like to see toward north korea. neil: now, when it comes to the

back-and-forth over kim jong un, the president was not to believe that the conversation that is an old guy, et cetera, but where does this stand? i mean, how effectively are these guys even communicating through their intermediaries or is it just a real distance? >> well, there is some diplomatic threats going on, not at a very high level, but between the u.s. and north korea, but i think a large measure of that, we are counting on china. tremendous leverage over north korea. 90% of the trade is done with china and that was really the focus of much of the president's time that he spent in beijing. neil: what is china doing? almost a year now and it's given us the assurance that they are going to do something freezing with north korea maybe they make good on that coming maybe they

haven't. what are they doing? >> i asked the very question to h.r. mcmaster. are you pleased with what china is doing? they say they are. they are doing some things, but they like to see them do more. in a perfect world, china with cut off all crude oil to north korea, but the risk that would be faced by that would be enormous. north korea would collapse. china would risk having millions come over its border. it would risk having a united korea which china does not want to see another reason china has held off on the ultimate weapon that they can use on north korea. neil: john decker, thank you very much. could the new again. the reason provocative behavior is rampant. the north koreans don't like our military exercises with the charming the south koreans. they claim that is provocative behavior. green beret commander michael walsh. very good to have you.

obviously the provocative behaviors and i had to beholder. they don't like this exercise. by extension we are still doing them and we've got an increasingly pretty substantial flotilla out there. where is this going? >> well, you are absolutely right in that we have done these types of exercises at the end of the korean war with their south korean counterparts in with our japanese counterparts. they are incredibly important for maintaining that interoperability, everything from how to communicate together from ottawa parade together. as a coalition we are operating with. what is different in this case is the size of it. we haven't had three aircraft carriers operating together and that's a quarter of our aircraft fleet in one part of the world, right now and i don't know if you saw the other news article that we've essentially after 16 years of war in the middle east,

you know, our aviation fleet in particular was hurting in the navy in this case in order to staff falsely carriers had to essentially gut everything else, particularly airplanes back here at home. the question is how long can we sustain the presents they are off the eastern coast of north korea? >> you know what i worry about, it's false that were accidentally shoot that pops up in the region and its been a while since the north koreans have a missile test, but anywhere near any of these, man zero man. >> on top of the aircraft carriers, 11 cruisers, aegis-equipped ships that can shoot these missiles down. one policy proposal out there. did we start shooting missiles down as they're tested. >> if we shot a missile down, even though it going over the china sea, let's say, what is

deemed to be an act of war? >> of course in our opinion that wouldn't be, flying over japanese ally, you know, over the southern islands and in some cases pending in the direction of guam. we wouldn't consider it. the question would that provoke kim jong un to take some action if you buy into that theory he is more worried about his regime survival, then i think we could take the additional step. certainly better than a preemptive strike and will begin denying them the ability to kind of make an international case and rattle the cage and all these missiles are working. neil: colonel, thank you very much. good seeing you again. we told you a few minutes ago that mitch mcconnell as the senate leader for roy moore, the republican nominee for alabama senate account in light of these allegations from women, some

dating back two decades here. judge roy moore has responded saying the person is step aside as mitch mcconnell. so i don't think he is going anywhere. a little more after this.

neil: all right are. how did this stuff leak out? anyway, the nfl's compensation committee meeting today to address roger goodell's salary, something in the vicinity of $50 million. there could be a lot of other bennys in there. former miami marlins president, david sampson. i know baseball, but they're more common than you'd think in terms of how these pay issues are settled. two-thursday of owners this baseball -- two-thirds of owners in baseball agree to it, two-thirds in football, right? >> what you're really trying to do is run your league. at the same time, when you're talking about numbers like $50 million, does that make sense and high why is this news coming out now? there's obviously a reason.

there's a lot of conner the nation going on and a lot of issues with the nfr. he's going -- nfl, it's going to be interesting to see what happens. neil: a lot of people think jerry jones' people are leaking this, the dallas cowboys owner, who's had run-ins with the commissioner, what do you think? >> i would say 80% of leaks end up being true, and you have to think about what's the purpose of a league who's benefiting, and in this case, you have to think jerry jones is benefiting. what's the public thinking when the word comes out about $50 million a year or a private plane for life? it's such easy fodder to make fun of -- neil: it seems like an odd request. we don't even know if that's true. >> i don't think it's odd at all, actually. when you're the commissioner, i think commissioners generally travel privately, all the owners travel privately, and i think you want to keep that benefit. neil: whether or not you're done being -- >> oh, for sure. neil: obviously, this is meant to embarrass, and to what end?

to get, you know, a growing fire of, you know, reject the guy? >> i don't think it ends up in a rejection, i think it ends up with just some p.r. problems. i think he will get rehired through 2024. at the end of the day if he's at $50 million or $40 million, it's about $1.5 million for 33 -- 32 teams. how does it compare to baseball? >> it's more, but the nfl's a bigger business. if he can get two-thirds of the owners to say -- neil: do you think this'll get much of a groundswell of support? you don't seem to think beyond jerry jones at this point, maybe a couple of others. >> i think the fact is the compensation committee was given the power to negotiate with the commissioner, and that's what they're doing. jerry jones, to me, is just trying to figure out if anything can stick. i don't think it sticks because i don't think he's got enough -- neil: but it's enough to embarrass goodell.

>> 100%. but at the end of the day k he'll still have his pay, his plane, and the embarrassment goes away unless he really has lost the faith of more than a third of the owners, he has nothing to worry about. neil: a lot of owners seem to be thinking maybe we dodged a bullet, it's dissipating. but seeing some of the stadiums this week, and a lot of them were still empty or emptier, and that's unheard of. >> yeah, i'm not sure they've dodged any bullets. they have to think about how they're going to deal whether it's the anthem, the concussion scandal, the suspension of elliott. all these things keep happening, and now declining ratings? the story should be the eagles, the patriots, the teams who are playing well. keep it on the field, and the nfl's violating that rule completely right now. neil: when baseball had to deal with the strike years back and everyone came back, how did it deal with the antipathy and the anger of fans and easing their

angst? >> i could argue pretty per swaits ily -- persuasively it was when mcguire and sosa had their home run chase. it's hard to deal with until you have a great story on the field, so let's make sure we have a great story. it didn't turn out to be so great in the rearview mirror with some of the steroids -- neil: maybe you have some possibilities, some cinderella teams or something -- >> you need something good, right? no cock fights, no duis, domestic violence, you need something on the field -- remember, sports is entertainment. no one wants to read about -- neil: how did baseball handle the national anthem stuff? >> they haven't had to because only one player made an issue of it, and it went away quickly. they're actually not necessarily on the field for the anthem -- neil: but a lot of them are. >> and they're respectful of it, but it's 162 games, so it's an anthem every today k. it's hard to do something sustainable over that long period of time -- neil: you don't think this

spreads to other sports, but football it's still is an issue? >> i think it stays with football, it remains that way. you've got lookings that are being pretty proactive because you don't want to alienate your fan base. it's not a smart move. neil: how do you think jeter's going to do with this team? >> i hope he does great. he's going to play 162 games, his team will, and i hope they win more than they lose. neil: mt. mean -- in the meantime, is europe continuing to go after american companies? we're starting to see something that has the feel of the 1990s, remember when american companies were big targets? search google for that. in fact, look at google, because it's being targeted for that. after this. ♪ ♪

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>> i think he should step aside. >> are you encouraging -- [inaudible] with senator strange? >> that's an option we're looking at. whether or not there is someone who could mount a write-in

campaign successfully. >> would it be senator strange, do you think? >> we'll see. we're just about out of time. >> is the burden on moore to prove these falsehoods versus someone to prove they're true in this situation, or do you believe these these allegations to be true? >> i believe the women, yes. neil: and that prompted a quick response from roy moore, refusing to bow out, saying that right now it's mitch mcconnell who should be stepping down. we're going to be bouncing this off of ohio senator rob portman. ahead of that, google is facing another antitrust fine by the european union. gerri willis with the latest. i've heard this kind of european plan before, but update me on this one. >> let me tell you, it's just fine after fine after fine. the european union reportedly preparing in the next few weeks to fine google over its multibillion dollar advertising empire which the e. u. says throttles competition. the fine would be the second levied against the american tech company in five months. in june google was ordered to

pay $2.4 billion euros for abusing its internet search monopoly to promote its online shopping service. the stock tumbled that week as a result. now, the second fine against google, if levied, would be for abusing the dominance of what is called ad sense. that's google's advertising network. the commission alleges that google's contracts with other web sites broke antitrust law by preventing them from using other firms' advertising networks within those web site search results. those allegations are considered super serious because they strike right at the heart of google's biggest revenue generator, ads. and there's a possible third fine in the wings, the commission was expected to fine google over its android mobile software this year, but that investigation has taken a backseat as e.u. officials go through extra rounds of due diligence. now that's likely to run into next year. the big question, neil, how large the fine might be. like june's fine, well, it could run into hundreds of millions be

not billions of euros. mr. cavuto, back to you. neil: thank you very much. we're also keeping an eye on general electric stock hitting a five-and-a-half year low after announcing it was cutting its dividend in half. of course, this used to be a darling of stock investors who likened it to investing in a mutual fund in the days of jack welch. that was then, and doesn't john layfield know it. john, would you buy ge with what's going on today? >> i would, and i have been, yes, to answer your question. i think that ge, it's been the worst performing dow stock this year. the trend has been terrible. best been dead money, but i think john flannery, the new ceo, has a chance to push the reset button. i think he did all the right things, he's cutting the dave depp, cutting about 25% of the work force. he's doing all the right things because he has the opportunity. neil: the only thing that gives me pause with him, i know in cutting the dividend in half, of

course, he's saying all the right things, saying it's not all about stock even though he's talking about paying more executives with a higher proportion of the stock, but he's been there for,, what three decades, at least? so who is he to be the prophet of change? >> look, hopefully he's the guy who's seen the complexity grow, and he sees the opportunity for some financial engineering. they're going to a free cash flow model, they're greatly reducing the complexity. hopefully, mr. flannery has seen that complexity and how bad it is for the business. one of the biggest things ge also has is repatriation of money. if that happens, they take $31 billion of unfunded pension liabilities, and they have $36 billion in cash overseas, $83 billion in cash and cash equivalents, that changes the balance sheet completely. at least it addresses the balance sheet. neil: what do you make of what's happened to a once high-flier? you know, anytime the chairman was chosen for ge going back to jack welch and before him and

certainly jeff immelt, it was front page of newspapers, it was that big a deal. now not so much. i guess it's a humbling reminder, just watch your ps and qs, huh? >> i think so. they used to say as goes ge, goes the economy. i think ge just simply became too complex. you have everything from health care to wind turbines being sold by ge. and i understand this plug and play of putting into the ecosystem of general electric, but it's just become too complex, the whole company. neil: do you get a sense that other high fliers that also have very rich dividends or at least rich in this day and age because it doesn't take much for ative tend yield to eclipse that of comparable treasuries, that others will follow here? >> i don't think so because john flannery, the new ceo, had a reset button of possibility here. jeff immelt could not have done this because he had been there for so long. because you have a new ceo, he's able to throw out everything bad, and i think he

significantly lowered expectations which he should be able to pass those. i think he did the right thing, but i think it's truly a one-off in ge's case. neil: all right. we'll watch closely. thank you, john layfield, he's looking at buying ge at these levels and with this palloff today. -- falloff today. the senate is getting ready to pick apart, debate and ultimately, he hopes, approve tax plan. at the same time some of his colleagues are saying about roy moore's supposed to come in, it looked for a while like an easy win and a continue nation of a republican seat. now, of course, you mitch mc connell saying leave, just leave. his thoughts after this. ♪ ♪ is this a phone?

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neil: all right, a battle of words rit now between alabama senate candidate roy moore and the senate leader, right now mitch mcconnell urging earlier today that roy moore step aside, that he believes the women accusers here with allegations dating back some four decades. roy moore then countering that it's mr. mcconnell who should be resigning right now. in the middle of all of this, of course, growing angst about a he's 12th election that look like a gimme for senate republicans.

maybe not so much right now. that is crucial because this is all coming ahead of what will be crucial votes in the house and senate regarding big tax cuts that they hope to get done and soon, and now we're told increasingly, hopefully they say, ahead of that december 12th election to make it a moot point. to senate finance committee member, ohio senator rob portman. senator, good to have you. >> hey, neil. neil: how do you feel about roy moore and what he should do? >> first of all, i do think that we're going to get this thing done, not before december 12th, but before december 8th, because that's the time at which we've got to deal with the year-end spending. the schedule is to try to get it through the committee this week with an open process and a lot of debate, but have it on the floor the week after thanksgiving. i think this issue will be done with at least in the senate, and then we'll have a conference with the house. as you know, i'm really excited ab this tax reform. i think it's incredibly important we get it done for the people i represent. i'm hoping that won't be an

issue. neil: do you think judge moore should step down? >> well, look, as you know, i did not endorse the guy. i actually did endorse another person in the republican primary, luther strange, who i think is a good senator. and i said what i continue to the to say which is when women go on the record, i think it adds more credibility. i did say we ought to be sure that those allegations against him are not false. we've now had some time to, you know, to look into this, and it seems to me that those allegations have a lot of credibility. and i have not heard a response that has that level of credibility. so, yeah, it would be best if he were to step aside. neil: all right. if he does not and, of course, stays on the ballot and even if he were to step aside, he would likely still be on the ballot, the feeling seems to be even allowing for write-in candidates whether senator strange would be a beneficiary of that, it would divide the republican vote, and the democrat would till win. what do you think? >> i don't know. i don't know alabama politics well enough to know.

what i do know is we to have a great senator from alabama right now in luther strange, and i would have wanted him to win that primary. this' why i endorsed him and actually, you know, supported him. we'll see how it all comes out. neil: yeah. you know, senator, there are a lot of people who are wondering if maybe this will give pause to the steve bannon wing of the party urging, you know, renegade candidates or outside-the-box, non-establishment types, if you will, to run for office or to even be party primary opponents to established republicans. how do you feel about that? >> well, i feel like we have an agenda that i think republicans across the board support which is tax reform, lower taxes, which is entitlement reforms that, you know, are necessary to save these programs, which is regulatory relief to give small businesses a break, which is getting health care costs down, the costs down and replacing the affordable care act with something that actually works

for people. and so we've got an agenda and, neil, my concern is the same thing that you saw in 2010 and 2012 where republicans were putting up candidates who couldn't winning in general elections and, therefore, we were not able to pursue that agenda. and so we have to be careful not to fall back into this sort of circular firing squad where we put up candidates who cannot win a general election and we, therefore, can't get the majority and, therefore, we can't do the things that the american people are looking for us to do including tax reform right now which is one that is front and center. and it's a great opportunity for us. neil: so i assume you do not share mr. moore's view that it's mitch mcconnell who should step down. >> no. [laughter] no, i don't support mr. moore's view. what i support is, you know, let's get some things done for the american people. i know that's not as exciting as talking about, you know, the politics here, but the reality is when i go home, what people say to me isn't so much about, you know, what the pundits are

saying on the right and what they're saying on the left, it's more like why respect you guys getting some things done. everybody knows this tax code is broken, we'd like some tax relief, middle class tax cuts, why are these jobs going overseas? it makes no sense. because of the tax code, taking jobs and investment with them. why can't you guys fix this? it's pretty simple. so i -- not that tax reform isn't complex, but the concept is pretty simple which is let's have a code that actually works for us and lets us be competitive again and allows the middle class at a time when wages are flat and expenses are up to have a break. i think we can get this done, but it's going to require the republican party working together toward common cause, and that's what people are looking for. neil: a lot of your house colleagues, sir, are not keen in delaying the corporate tax cut, that's a nonstarter for them. what do you say? >> i don't think it's a big deal in terms of the economic impact. many economists think it's

beneficial to have that year to allow for the adjustment and the fact that the rate will still be relatively high at nominally 35% means that the immediate expensing you get right away will be more valuable and, therefore, people will front-load some of their purchases of plant equipment. so it could actually give the economy a little more help than it would if you did it a year later. but frankly, it's also $120 billion more in revenue that we have to come up with in other ways. so i, i'm for the one-year delay. but if we wanted to do it immediately, if people believed that and they could find $120 billion in other ways that were not harmful to economic growth, i'd be fine with that too. to me, it's more a matter of, one, let's insure we can get this thing done within the parameters we have which as you know is a budget parameter that we cannot violate. we have to be sure we're not -- neil: is that what stymies you in the end? a lot of people respect aware of the procedures, and a lot of people are disappointed with the tax plan and disappointed -- corporations notwithstanding --

that the individual net gains from this, certainly not across the board, and they might not be that big. and that, if anything, you could encounter some very angry voters who say, wait a minute, all of this fuss for this? i don't like it. what do you say? >> well, what i say is everybody in every single group all the way up the income lad arer gets tax relief here. significant tax relief, of course, as a percentage of what people pay in terms of those who are lower income. so basically there's now a zero tax bracket. i think four or five million americans who currently pay tax, income taxes, will no longer have any income tax liability just because of this bill. but for the middle class, it's also good. $1500 per family is the numbers being used, but actually in ohio it's almost $2400 per family, median family income, about $65,000 in ohio. that family, family of four, two kids, gets a $2375 tax cut. that's meaningful, you know? that means you can put a little more money against retirement or

make that car payment. so so people care about that. but the biggest one, neil, that i think is going to help people that is not being talked about is what's happening on the business side, because having this rate the highest in the industrialized -- neil: that might help. i don't mean to jump on you, a commercial comes whether we're chatting or not, senator. thank you very much. >> all right, neil. always good to talk to you, take care. neil: more after this.pl how long do you think we'll keep -- oooooohhh! you stopped! you're gonna leave me back here at year 9? how did this happen? it turned out, a lot of people fell short, of even the average length of retirement. we have to think about not when we expect to live to, but when we could live to. let's plan for income that lasts all our years in retirement. prudential. bring your challenges.

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well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade. neil: she didn't go the streaming route she went to

tailor -- taylor swift sold 925,000. she has. trish: we can start to the whole adele thing. neil: there you go. trish: thanks, neil. marking up the tax bill in just about an hour from now. while there are some good things in there, it doesn't go far enough. it doesn't close some of loopholes they promised it would close and they punish success. is this the best they could come up with? i'm trish regan. welcome to "the intelligence report." president trump praising lawmakers pushing hard to do tax reform but president trump say lawmakers can do more. absolutely do more. he is urging republicans to cut the top rate to 35%. all pair points, but, mr. president, remember when you said this on the campaign trail? >> we will eliminated carried interest