Amb. John Bolton on N Korea et al. Trump fire & fury; military solutions locked & loaded; big consequences if Guam; could be Venezuela too. Isn't Trump playing his cards exactly right? Mattis talks military solution, but diplomacy first. Harder sanctions on China banks, energy exports etc. Beefing up US missile systems. Reagan: Evil Empire; not contain but overthrow Soviet communism; 10 seconds to bomb Russia. He used major econ sanctions on Sovs. But his SDI system run down by Clinton/Gingrich, papa Bush, Obama & W. We can hit small number of missiles, but not all. Would we ever hit N Korea pre-processing & launch systems? Mattis: If they hit Guam, would lead to end of regime & destruction of its people." From Clinton on, we appeased: lite water nuclear reactors & fuel oil. N Korea back to plutonium by 2002. Gasparino, Tamney & Trennert: Tax reform outlook (Brady dinner). Rates, depreciation, standard deduction, core biz gets full break, 20 year buildings less. CBO: drain the swamp. Index capgains. Trump factor on stocks & econ. Where is McConnell & Senate? Trump right to chide him. 29m small biz helped by tax cuts & frozen or withdrawal of 860 pending regs.Weak dollar doesn't make a strong economy. Phillips curve dead. Fed must change. Kevin O'Leary & Mike Ozanian talk stocks. N Korea impact? Profits? Low inflation tax cut. No spiking bond rates? Buy after bad week? Longer-term? Middle class benefits from stock bull. Fav sectors? Brian Domitrovic & LK talk about new paperback edition of JFK & Reagan Revolution.JFK surpassing Legacy: Growth is everything. Solves nearly all problems. JFK & RR turned back on FDR New Deal. No class warfare. Trump in their tradition. Dems today erased JFK legacy. No growth, just gov't redistribution. Moore, Peth, McIntyre: No Trump effect on stocks & econ? Confidence? Regs? Milton Friedman killing death tax? Retroactive tax cuts? Senate dead? Brady sees whole package. WH has fall-back plan B. Trump's immigration is popular.
