The Dow ended the day lower, but Netflix set a record high. Zachary Karabell, the president of River Twice Research and head of global strategies at Envestnet, joined CBSN to discuss the state of the market and whether the failure of the latest health care bill is having an impact.

In President Trump's address to Congress on Tuesday, he promised to bring "historic" tax cuts. Zachary Karabell, a contributing editor at Politico, spoke to CBS NEWS about the steps that need to be taken for this tax plan to become reality.