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fast and furious, the irs. lois lerner. the emails, the special prosecutor, all of that. prosecutor, all of that. >> we are not phoning to let the united states be taken advantage of anymore. i am always going to put america fist the same way i expect all of you to put your countries first. cheryl: president trump delivering a fiery speech on the world stage in vietnam but the big question on everyone's minds, would he come face to face with russian president vladimir putin. lauren: senate unveils tax reform plan but looks a lot different from house version. what does this mean for getting tax reform done this year? cheryl: one day after the senate surprised wall street in delay
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in cutting tax rates, u.s. stock market futures pointing to much lower open. dow lower by 71 points. lauren: on top of yesterday's 10-plus selloff. cac in paris is down half a percent. cheryl: uncertainty about u.s. tax reform. all indexes but the shanghai in the red. lauren: we do have good news friday morning, that's for star wars fans. new movies are in the works and that's not all, fbn:am starts right now. ♪ ♪ cheryl: 5:01 a.m. in new york. november 19th, good morning, everybody, november 19th -- lauren: november 9th. cheryl: november 10th. the producers are trying to mess us up on a friday.
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lauren: they are testing us. president trump did deliver a tough message on trade in vietnam today. he's attending an economic summit and he took a tough stance on trade abuses. >> we seek robust trade relationships rooted in the principals of fairness and reciprocity. when the united states enters into a trade relationship with other countries or other peoples, we will from now on expect that our partners will faithfully follow the rules just like we do. we expect that markets will be open to an equal degree on both sides. from that day forward, we will compete on a fair and equal basis. we are not going let the united states be taken advantage of
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anymore. i am always going to put america first the same way that i expect everyone in this room to put your countries first. cheryl: at the summit russian president vladimir putin, there was speculation that the leaders would have a formal hitdown meeting but sarah huckabee sanders because of scheduling issues that's not going happen. >> they're going to be in the same place and bump into each other and say hello -- [inaudible] cheryl: rex tillerson had told reporters that there was no reason to schedule a meeting if they weren't able to make significant issues on syria and
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ukraine. two countries where where it has been involved. we should not discount the possibility that there maybe a conversation between two leaders and that would make headlines, of course. lauren: difference from the bill created by house republicans, so congressional republicans will have to reconcile their differences pretty fast to put a finish bill on the president's desk by tend of the year, treasury secretary steven mnuchin sat down with fox business' maria bartiromo saying that he along with the president want to see the new corporate tax rate implemented soon. >> i think the sooner we get this, the 20% rate the better it is for the economy but the house and senate are having to look at how we pay for all of this, including a major focus of the president, middle-income tax cuts. these are things that are still being discussed.
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cheryl: adam shapiro has more on the senate's tax bill from washington. adam: good morning, now that the house ways means committee has passed out of committee, house is expected to vote on measure next week and the senate finance committee expect today mark-up their version of tax bill as well. here is what they are proposing, 7 tax brackets. house version only had four, the senate seven and there's a difference in the highest tax bracket. both measures would reduce the corporate tax rate down to 20% but the senate version would delay that 20% rate for one year. also the more -- mortgage interest deduction, the senate version would maintain the current interest deduction on mortgages up to a million
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dollars. here is what orin hatch had to say about it. >> whether they to or not, we will change this and get this country moving again. adam: democrats are attacking both versions of tax reform offered by the republicans, minority leader chuck schumer said this. >> this bill is loose lose for -- lose-lose for them. they lose if they pass it because it's going hurt them throughout america. >> one other big difference between the senate version and the house version, the senate proposal would totally eliminate deductions for state and local taxes. on the house side, they want to eliminate but allow deductions with a cap of $10,000. back to you. lauren: well, republican senate candidate roy moore lashing out after washington post reported allegations that the former alabama judge had sexual encounter with a 14-year-old
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girl, this happens decades ago. moore is refusing to back down. the obama-clinton machine liberal media watchdogs launched vicious attacks that i have ever faced. the forces of evil will lie, cheat, inflict physical harm if they believe it will silence and shut up christian-conservatives like you and me. strong statement. cheryl: yeah, very strong. you know, gop senators are calling on moore to quit the race if these allegations are true. press secretary sarah huckabee sanders commented on the issue. >> like most americans, the president believes that we will not allow a mere allegation n this case one from many years ago, to destroy a person's life, if these allegations are true, judge moore will do the right thing and step aside. cheryl: moore faces democrat on
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december 12th, if he does step aside, any alternative will do a write-in campaign. but from the tweet that you obviously have read to viewers doesn't sound like it's in immediate plans. lauren: you can argue that the senate is up for grabs and a democrat could potentially come in. for now we want to tell you about this story, hbo are distancing from louis of allegations of misconduct against comedian, dropped from hbo stand-up fundraiser of autism. that's november 18th, it's very troubled by allegations and it's reviewing its relationship with him. twenty-first century fox, parent of fx as well as the fox business network, spokesperson for ck says he will read a
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written statement in a couple of days. police deal with increasing number of accusation that is we have seen in the wake of the harvey weinstein. cheryl: probably good idea at this point. let's stay out in hollywood. wallet disney laying out plans for steams and services and new additions, ceo bob iger telling after the bell, the company is working on live action tv series. also a series based on monster, high school musical and marvel. and providing details in disney's plans to produce star wars movies beyond the current trilogy. ryan johnson, writer-director, is developing a whole new film trilogy. shares of disney rising slightly and the company reporting disappointing earnings but made
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fans happy. lauren: overall revenue did flip. coming up we have new video of a shaking and bare-footed texas church hero talking to police moments after he helped stop the gunman. >> i was home when i heard the shots and i didn't know what was going on. i had the gun -- lauren: remember when oj simpson layed out a convincing case for prison release. >> i basically have spent a conflict-free life. apparently the juice is already loose and getting booted from a bar. what he is now accused of doing, find out next.
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cheryl: welcome back, let's get you caught up on what's happening now. new video released of texas shooting hero steven willford visibly shaken but talking to police after helping stop the gunman. >> i was home when i heard the shots and i didn't know what was going on. i had to -- god, he was in the corner with his truck. thank you so much. i can't think any other reason why he took the sign out and ended up in that ditch. i know i put some well-placed shots. cheryl: you could see his hands shaking in the video. likely be turned into a memorial site and church will be demolished honoring victims on sunday's shooting. building itself will be torn down. oj simpson out of jail but not
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staying out of trouble booted out hotel after causing disturbance. 70-year-old got drunk and hotel staff claim that he was going disruptive at the click bar which is located inside the cosmopolitan hotel in las vegas. the e-commerce giant with pop-up stores in whole foods locations in addition to buying food, consumers can add kindles and fire 6's. that's what's happening for you, shopping for you. lauren: i can use all of the items, food and electronics. an alabama woman is claiming that roy moore, republican nominee for u.s. senate has sexual contact with her when she was only 14 year's old. senate majority leader mitch mcconnell calling on roy moore to drop out of the race if allegation is true and senator john mccain saying the sealings disturbing and disqualifying but as we told you earlier in the show, the moore campaign calls
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the report fake news. joining us now michael barns, former bush policy adviser, good to see you. this is not republicans need right now, is it? >> 2340 no, it certainly is not. i don't know if a candidate that republicans needed in the first place. after the primary his chances were pretty much shot as it relates to typical polling already we see that he's at 11% spread over the democrat but typically in alabama, candidate statewide are 30 or 40% republicans over democrats, so this is just making matters worse. lauren: so roy moore was the steve bannon-backed republican, he had faced off last month against the trump-backed republican which was luther strange. >> that's right. lauren: roy moore won and the democrats is doug jones. can luther strange get back in as a write-in candidate?
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>> yes, he could absolutely. current u.s. senator now and would be possible for him to mount a write-in campaign and the chances are much greater that the republicans would be successful in alabama if this were the case. issue now is that roy moore is denying credible reports not just from one woman but three additional women, they don't have anything that they are looking for. they were sought out by the postand they said, we've said enough and we don't need to do anything more. i think they are very credible. lauren: the challenge for the republican party right now is they don't want to lose any seats in mid-term elections and there are seats up for grab, arizona, nevada and now potentially alabama too. what does this do to the trump agenda specifically tax reform? >> i think that on tax reform the issue is difficult already and if they're not going to make progress this year it's going to be hard for them to make progress moving forward specially if there's an
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opportunity for democrats to take some of the seats that you're talking about. the reality is that tax reform right now is very flawed both on the house side, the senate side slightly better, but we've got two core constituencies of the gop who are effectively forgotten by the proposals that are now in the republican house and senate, number one fiscal conservative who is are concerns about debt and deficit and don't want to see $1.5 trillion debt by the tax cuts and furthermore, small business owners like me who provide professional services on the one side will take a major tax increase and on the other hand we will see none of the benefits, big misses under senate proposal. republicans are pretty poor off as it relates to tax reform already unfortunately. lauren: i believe you said you were more favorable about the senate plan, did i get that right? >> the senate plan doesn't actually increase taxes as much on the small business owners as the house plan because it actually has more tax brackets instead of raising working
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people who are small business owners into a higher tax bracket like the house plan. lauren: michael, they were suppose today make it simpler and it's more complicated. >> getting worse daily it seems. lauren: they call the sausage-making, michael barns thank you for joining us, have a beautiful weekend. >> you too. cheryl: coming up a new york legend lives on, may have closed the physical doors but you can get one of the famous sandwiches delivered to your door. lauren: yes. cheryl: love their sandwiches. and he deserted his post, fellow servicemen were severely injured looking for him but bowe bergdahl could be getting a lot of money from the army. a lot of outage on this, we will tell you about it. you're watching fbn:am ♪
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lauren: well, he deserted post and fellow soldiers severely injured, bowe bergdahl could be in for a huge payday from the pentagon. cheryl: jackie ibañez with more on. this a lot of outrage about this. jackie: definitely a lot of outrage. former sergeant could be entitled more than $300,000 in pay after deserting his post, sentencing sparking outage when the judge handed him as demotion
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and dishonorable discharge even though brothers risked life to find him. bergdahl walked post, five years later the obama administration traded him for five dangerous gitmo detainees. >> he's a traitor, a no-good traitor who should have been executed. jackie: bergdahl pleading guilty to desertion and misbehavior before the enemy just last month. at his military trial hearing emotional testimony, some of the most tearful words when mark alan's wife took the stand. shot in the head and now can move or talk or even play with his 9-year-old daughter. bergdahl won't go to prison but was demoted, president trump reacting on twitter saying this, the decision on sergeant bergal
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-- bergdahl is total disgrace. follows army regulation. no word when the army will make that decision, cheryl. cheryl: ahead of veteran's day, jackie. lauren: intrigue in ash, will he come face to face with vladimir putin, what could that meeting mean for u.s.-russia relations? unveiling a new tax reform plan but a lot different than tax reform version, how far apart are they, we will break it down with our guests next. you're watching fbn:am hi, i'm the internet! you know what's difficult?
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vladimir putin. cheryl: bike breakthrough in the senate as they unveil tax reform plan but looks a lot different than house version. what does this mean of getting tax reform this year? lauren: delay in cutting corporate taxes, u.s. stocks fell sharply and now futures also decisively lower. cheryl: in europe the stocks opening lower. lauren: asian shares slipping off on uncertainty of tax reform in the united states. cheryl: we will tell you how some companies are giving back to veterans long after they return from the battlefield. fbn:am continues right now. lauren: 5:30 in the morning on new york november 10th, tgif,
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i'm lauren simonetti. cheryl: good morning, i'm cheryl casone, on the eve of veterans day, we say thanks to veterans watching watching this morning. the president delivering a tough message on trade in vietnam today. he's attending an economic summit and he took a tough stand on trade abuse. >> we seek robust trade relationships rooted in the principals of fairness and reciprocity, when the united states enters into a trading relationship with other countries or other peoples, we will from now on expect that our partners will faithfully follow the rules just like we do. we expect that markets will be open to an equal degree on both sides. from this day forward, we will
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compete on a fair and equal basis. we are not going to let the united states be taken advantage of anymore. i am always going put america first the same way that i expect all of you in this room to put your countries first. cheryl: now, remember back in january trump pulled the u.s. out of the transpacific partnership on concerns of american jobs, also we should say at this summit, russian president vladimir putin speculation that the leaders would have a formal sit-down meeting and sarah huckabee sanders says because of scheduling issues that's not going the happen. >> now they are going to be in the same place and bump into each other and say hello, certainly possible. in terms of a scheduled formal meeting, there's not one on the calendar. >> just today -- earl cheryl secretary of state rex tillerson told reporters in beijing that there was no reason to schedule
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a meet if the u.s. and russia are unable to make significant progress on issues like syria and ukraine. lauren: president trump also brought up the threat from north korea saying pacific nations must ban together to stop them. >> the future of this regular and its beautiful people must not be held hostage to a dictator's twisted fantasy of violent conquest and nuclear blackmail. lauren: about 20 countries attend the summit and trump is schedule today meet with some of the leaders today in closed-door retreat. cheryl: back here at home senate republicans proposing new version of new u.s. tax code and differs from the bill created by house republicans. congressional republicans will have to reconcile differences quickly to put a finish bill by the end of the year, the treasury secretary steven mnuchin sat down with fox business maria bartiromo saying that he along with the president
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want to see the new corporate tax rate implemented soon. >> i think the sooner we get this, the 20% rate, the better it is for the economy, but the house and senate are having to look at how we pay for all of this including major focus of the president, his middle-income tax cuts so these are things that are still being discussed. lauren: the pay fors is where it gets complicated. adam shapiro picks up story from here. >> good morning, now that the house ways means committee has passed the bill out of committee, the house is expected to vote on the measure next week and the senate finance committee is expected to mark up version of tax reform as well. here is what they are proposing. 7 tax brackets. now house version only has four tax brackets, senate 7 and
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again, there's a difference in highest tax bracket. both measures would reduce the corporate tax rate down to 20% but the senate version would delay that 20% rate for one year. also, the mortgage interest deduction, the house wants to cap this on mortgages up to $50,000, the senate version would maintain the current interest deduction on mortgages up to $1 million. here is what senate finance chairman orin hatch had to say about it. >> we hope we can get democrats colleagues to come join, whether they do or not, we will go ahead and make this -- adam: minority leader chuck schumer is this. >> this bill is lose, lose for them. they lose if they pass it, they lose if they don't pass it. they lose if they pass it because this is going to hurt them throughout america. adam: one other big reason between senate version and house version, the senate proposal
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would totally eliminate deductions to state and local taxes. on the house they want to eliminate but still allow deductions on property taxes with a cap of $10,000, thank you. cheryl: well, you know, treasury secretary steven mnuchin did speak with our own maria bartiromo and they talked about the timeline for tax reform. it was a market-moving interview. let's bring in mitch roschelle. >> good morning, cheryl. cheryl: when he sat down with maria, the markets moved. it was like he was couching his words a bit talking about the timeline for tax reform in particularly corporate tax rate, that's where the rubber meet it is road and it's not a good thing, this could really affect businesses. >> yeah, it's interesting, however, when you talk to ceo's, they have not as concerned on delay as the market was. uncertainty is important for people who are running businesses. the markets freaked out because they weren't expecting the one
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year deferral. cheryl: a lot of discussions about state and local deductions, the penalties for obamacare, so many things that have been taken in and out, you have house and senate. if you're a business owner, if you're a leader, howie: do you try to structure 2018 when you have so much uncertainty and what tax reform is going to ultimately look like. >> great question, status quo is the answer. if you're running the business and you don't know if it's going to happen or not, you can't make investment decisions, one of the things that's part of the plan that's really very catalitic to grow the economy, expand as you, if you're a business and want to make expense, you are obviously not going to do it. business owners want certainty and right now we have a lot of uncertainty. cheryl: i want you to listen to what chuck schumer said about conversations in washington. listen to what he said, mitch.
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>> senate republicans telling house republican that is they'll be no compromises on state and local deductibles. it's full repeal or bust because senate republicans need the revenue raised by ending this popular middle-class deduction. cheryl: what does that mean, mitch? >> you know what it means, i'm going to pull out a prop. [laughter] cheryl: good. >> if you want to make it simple, you to take -- 30% of filers take advantage of the state and local deduction but if you raise that standard deduction to the 24,000 level that you have, 90 person of americans take advantage of it and they literally can use the postcard. it's a highly-political thing. much bigger issue in the house than the senate. they are assuming that those senators from high-taxed states aren't going to vote for it anyway. but in the house it's going to be be a bit of an issue. that's why all the focus is going to be on the senate tax
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plan. cheryl: as we look all the weeds and sausage made out of washington, we are pushing now to 2018 and businesses have to figure this out sooner rather than later. thanks for being with us this morning. >> my pleasure. lauren: 27% drop in quarterly earnings, way down from cost from the massive hack attack that affected half of the country. equifax estimates it lost nearly $90 million from the breach which affected 145 million americans, birthdays, names. some customers will take business else, where investors stepping away too. shares falling 1% in extended trading and down sharply since they revealed the hack in september. cheryl: credit reporting agencies in general under fire. well, coming up, there is a disturbing new warning, paris
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turning drones that you can buy anywhere in killing machine and the target commercial airliners, as we get ready, we are telling you how some are helping after they return from the battlefield. you're watching fbn:am.
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lauren: welcome back, happy friday to you. let's get you caught up on what's happening now. department of homeland security warning u.s. residents about the threat from terrorist who is are using weapon newsed drones. officials issued a bulletin saying drones would be use today target commercial airliners and use today carry out chemical attacks. new york legend, they are getting a new lifeline online. closed stores a year ago but will soon be serving up famous large sandwiches again, this time on the internet. hungry customers from brooklyn to california will be able to order most popular menu. apparently got drunk with exotic danker in north korea hotel, passed out and was robbed,
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according to new york times robert manson had gun stolen and cash while he stayed stayed in n hotel in charlotte. he met a woman in hotel bar and took her back to hotel room, the gun still missing, cheryl. cheryl: that's a good story. well, tomorrow veterans day where the country will honor servicemen and women for service in military. zach is the founder of head strong, charity dedicate today providing cost-free mental health services for veterans. good morning. >> good morning. cheryl: first off to you, happy veterans to you, you're doing so much for our veterans. elena, you are as well.
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your company donated almost $2 million now. >> absolutely. cheryl: why do you think it's so important for companies to be so active when veterans return? >> we have the belief that we all have a duty to give back in some way, shape or form to those who have served us. the initiative is our way of giving back to those who have served to us and i think if every corporate company out there stepped up and did something in some way, that it's incredibly important to do. cheryl: we have seen so many companies now step up to help but you say that we are not doing enough and in particular in the mental health space for heros that are returning. talk about how you are serving them when they come home? >> first off, thanks for having us this morning. we do something very simple, mental health care, we do it in ten cities, we are undergoing national expansion. care that we provide is world-class and cost free and something that's
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personal to all of us. i served in the marine corps. and we've now lost nearly 2 dozen more two suicide and so this is something that's personal to us. this work would not be possible without great corporate partners like bbmc mortgage. cheryl: elena, it feels good i would assume to know that you're giving back and that you're helping. >> absolutely. at bbmc mortgage we encourage our employees to get out and get active in their communities and they really do a great job of participating in our local markets across the country. cheryl: big news for head strong today, we should say that the amex will be donating proceed, some proceeds from trading revenues today. we should be clear, to your charity. one of the things that you help veterans with the flashback alcohol suicide, but you're saying that you're making a big
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difference, percentage wise does it show that it's making a difference? >> yeah, absolutely. a number of stigmas around mental health care. first off, one is stigma of getting help and we are showing that we've got phenomenal veterans, seals, rangers, marines that are stepping forward and getting help and stigma of real health care that works. if you have the courage to get help and the right help and it's our job to make sure you're getting the right help you can recover and get back to the best version of yourself. cheryl: you're in several cities and we should list these, new york, san diego, chicago, buffalo, la, denver, this is a national movement to really help our veterans. >> yeah, absolutely. also houston, texas. cheryl: also, elena, now moving further and further away from the initial beginnings of obviously the war in iraq and
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9/11 do you find that corporations are saying, is this the right way to spend the money? sometimes there's charity fatigue if if you will? >> sure. everybody has their own stance on it, we stick true to what we believe in through our patriot charity initiative from leadership all the way down we have veterans in leadership and regardless of what other companies are doing, we think it's important to, again, give back to those who have given so much to us. cheryl: zach, real quick, what does veterans day mean to you? >> this time of year is always a time of reflection, a time when a lot of us from the battalion, a time not just because of veterans day but because of that time that we tend to speak more, you get back in touch, there's reunions both in perp and -- person and online and a time to
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really be reflective, you know, about the great community of people who have taken an oath and stepped forward in time of war. cheryl: zach, thank you for your service. elena thank you to bbmc for putting money and helping veterans, thanks, guys. we have a lot more coming up. patriotism is finally taking center stage during thursday night football. sea hawks showed some respect for vet rains and a new study of former nfl star aaron hernández, one to have most severe brain cases ever, details coming up. this is fbn:am
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lauren: a doctor at boston university says former patriot aaron hernández's brain damage from ct is the worse case she has ever seen for someone his age, stage 3ct damage, damage that we have never seen at his age. he did commit suicide, only 27 year's old after he was sentenced for murder, sports commentator weighing in, says that, football, quote destroys people's brain and questions the future of the game. cheryl: well, let's stay with football. the nfl saluting veterans last night and expected to do so on sunday as well. nfl's players has great to observe a moment on silence for u.s. military veterans, players will stand for two minutes of silence prior to kick off. every player in the seattle seahawks and arizona cardinals
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game standing for the national anthem last night even michael bennett who vowed to kneel the entire season, the game itself went to seahawks, russell wilson had quite the night, though, 22 completions, two touchdowns and on one way wilson scrambled until he found doug, seahawks take it 22 to 16. federal appeals court, six-game suspension, the cowboys running back has been engaged in legal battle since august, has played eight games without successful appeal elliot will be out till december 24th, suspended because of domestic violence with his girlfriend in 2016. lauren: bengals receiver says he won't fight the 42,000-dollar fine from the league. brian scoring a special goal
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last night against oilers. diagnosed with lieu -- lu -- >> i have never cried after a goal before. it's everything. everything i talked to sal before the game. these guys, my wife, my kids, they've been through a lot too and my parents, my siblings, it's a good feel and we hope we stand up and make it count tonight. lauren: he's emotional but the devils did not make it count, they lost 3-2 in overtime. cheryl: we have a lot more coming up this friday. there's a warning from european union officials to britain on talks for britain's exit from the eu. we are going to london. we will be right back. usaa to me means
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peace of mind. we had a power outage for five days total. we lost a lot of food. we actually filed a claim with usaa to replace that spoiled food. and we really appreciated that we're the webber family and we are usaa members for life.
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lauren: european union is telling great britain it needs more clarity in order to move britain's exit forward. happy friday, riva from the wall street journal to talk more about that. what's going on in terms of eu officials urging the uk to
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clarify their stance on brexit? >> good morning, it looks like talks are getting a little bit stuck on handful of sticky issues, the divorce bill, like in a lot of divorces, money is a sticking point when the eu and the uk right now as well as potential border between ireland and northern ireland and the rights of citizens after brexit. uk is keen to move on from that and talk about the sort of future uk-eu relationship after brexit but officials are warning that may not be possible if they cannot make more progress on those issues first. cheryl: well, you know, markets have been watching that. you have gold falling to eight-year low. that's the -- that's demand but the price is going up. what's going on with the gold contract? >> very interesting disconnect there between falling demand and pretty steady rise in price this
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is year. people expect higher interest rates and they see the rallying stock market, you've also had some kind of tax changes in india that have pushed down demand for jewelry in some cases and demand fall on the eight-year low but gold remained pretty resilient, some comes from geopolitical uncertainties or fears that stacks are rallying a little too far too fast and you also see central banks continue to go buy gold and little bit news from the tech sector using gold. lauren: riva, thank you so much, we hope you have a wonderful weekend. here in the u.s. we could potentially with a gain about 75 points today be higher for the ninth week in a row. we do have a slight selloff for u.s. equities today and global selloff based on what happened with senate bill yesterday. cheryl: that's it for all, we do want to say thanks to veterans, good morning to all of

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