. treasury secretary stephen mnuchin with the year-end timeline on track. >> we are ready to go. i mop to miss if we look at this time this year. >> this is about creating economic growth, the business system that's competitive. >> taking a closer look at the tax plan unveiled by ted cruz. he will join the straightahead live. markets this morning with major indices all-time high yesterday. the dow industrials up about four points from a fractional move there. s&p, nasdaq fractionally lower. markets under selling pressure as well. bank of england unchanged. down three quarters of a percent now. the cac in paris at the bank of england said interest rates could rise in the coming months. it seems like a comment is certainly at the lowest morning here. in asia mostly lower with china's economy and markets. disappointing reading on industrial activity among others. equifax playing the blame game now. server vulnerability led to the massive data breach which affect could possibly have put the entire country. the stock trading down again this morning after a massive selloff on that. marti

stephen mnuchin too breaking news the president tweeted this, rand paul is a friend of mine, but such a negative force when it comes to fixing health care, cassidy bill is great end obamacare, karl rove this tweet coming interest president what are your dhots here. >> -- >> health care -- >> yeah, well i am in agreement with the president writing my column for the "the wall street journal" tomorrow, on this issue of grand cassidy interesting, rand paul wants to get rid of obamacare looks like going to vote against the last chance the republicans have to get rid of obamacare for at least a year. and they are -- cassidy grand cassidy, kills the individual mandate removes employer mandate kills meed tax rid of structure of obamacare subsidies phases them other side players replaces them to f out how the to solve the problem of people who do not have health insurance in those states where program designed by people of the state the governor of kentucky is in favor of this bill because he wants to be able to design a program, that meets the needs of his state sick and tired of being dictated

my head. coming up this morning, treasury secretary stephen mnuchin is with us because of the tax plan. house ways and means chairman kevin brady has been working on this for a long time. he will join us with house majority leader kevin mccarthy just out of his meeting. take a look at the details to tell us whether this has a chance of passing. congressman john garamendi has some issues he will talk with us about that. plus, newt gingrich is but does. big show has committed three hours. you don't want to miss a moment of it. our top story is the wait is finally over. after months behind closed doors, president trump and lawmakers revealing their framework for tax reform. on the corporate side come the plan envisions cutting the corporate rate to 20% from the current 35% in reducing taxes and pass their businesses to 25%, imposing a one-time repatriation tax to encourage companies to bring usher packages back to the united states. that is likely going to be 10% of the individual plan for individuals to collapse the number brackets from seven to three. those brackets as you heard he

from washington is her treasury secretary, stephen mnuchin. thank you for joining us. >> great to see you as well, maria. maria: first question kerry mr. secretary, heidi pushback on the talking points when you were coming from the left in that it is as a tax cut for the rich. >> maria, not a tax cut for the rich ands the president has id companies focused on income taxes in the wealthy not going down and we've been working on that, we'll continue to work with congress on that. we've eliminated almost all deductions. so for the rich, that means although the tax rate came down some, all the deductions disappear which pays for it. maria: you make a good point. an op-ed in the paper yesterday from stephen king marion, the ceo of metlife who writes there's 4000 tax lobbyists in washington are waiting on marching orders from people like him. ceos trying to get as many deductions in their. and you say no, we are just going to keep it to these three. >> that is correct, maria. we are focused on closing loopholes. this is about giving people a middle-income tax cut, tax simplification and mak

congress to get that through. maria: stephen mnuchin this week and basically said he doesn't have the money in terms of getting the money needed to go to taxpayers unless the debt ceiling is raised. our top story this hour right now and congress returns from summer recess. first, lawmakers will vote on an initial request for $80 billion in disaster aid for vick to visit hurricane harvey. the house is set to take up the measure tomorrow. joining me now from capitol hill is house majority leader kevin mccarthy. majority leader, good to see you. thanks for joining us, congressman. welcome back. he just returned from texas. can you tell us what you saw? >> i spent the last two days during the portion of texas. some of the small cities, water towers are wiped out, schools can't dart, but the optimism i find with each place i went to was amazing. they've gone through number search and rescue portion. now they begin the rebuilding of it. i saw the best of humankind. families would come from other states just to feed people, just to provide clothing and others with the whole community get

secretary stephen mnuchin is calling for it. the fall from harvey driving gasoline prices higher again hitting a two-year high and ease ahead. the broader averages come broader averages coming down industrials up 10 points. nasdaq up seven points right now. in europe, stocks are under pressure. the major indices this morning with the ft 100 one half of 1%. in asia overnight, markets close mostly lower with the exception of china. headed to north dakota this afternoon the tax cuts directly to the american people. leaders from the american's largest companies are taking on the president and his move to eliminate deferred action for childhood arrivals known as daca. what they are saying they had. cheryl casone here, kevin kelly and people's corp. founder and chairman don people's. good to see you be back. >> thank goodness we've been waiting about this for so long. i don't think so. they will get done what they need to get done. tax cuts by the end of this year. everything else is just the hurricane relief from harvey to the debt ceiling debate is very controversial and doubtful, on

stephen mnuchin here this morning to talk tax reform in the meeting yesterday. house foreign affairs committee lee zeldin is here in attorney general pam attorney general pam bundy joined us as well. you don't want to miss a moment of it along with this fantastic panel. at least 10 people dead this morning as hurricane irma terrace to the caribbean. the deadly storm packing winds of up to 180 miles an hour as it heads towards florida this morning as well as georgia and south carolina. senior meteorologist janice dean tracking the storm from the weather center. >> very atomic category five hurricane irma sites on the bahamas, turks and caicos, south florida in the keys. any good news come good news come of this storm spares the worst of the winds, worst of the storm surge for puerto rico. they still got tropical storm force winds, certainly storm surge and flooding rainfall, but the worst of the storm come in the core of strong wins miss puerto rico. however, parts of the caribbean did not get mystery of devastation in places like saint maarten. future raider as we go in bahamas, turk