lot of credit, and there are accomplishments that he made that the average american will never know about. stuart: and look at that, the dow is up 35% since the election of donald j. trump, november 8, 2016. neil, it's yours. mao neil all right, thank you very much, stuart. we're following up on that and the president signing those tax cuts into law. that means they can pop up sooner rather than later. the irs will be busy trying to make sure that is a february development. how that will impact you and how quickly you will see it. there are arguments to this as to whether your boss has to reissue w4 forms, a little bit of a split verdict on that. if you like the exemptions you have now, you can keep them and go with the record you already have the with federal government, but a lot of bosses will remind employees what they can and should do. all of that is detailed grunt work for now. for now, the big tax cuts are done, and it's just a matter of

theç implementation. >> reporter: they absolutely nailed it with this second time frame of legislation on taxes to the president's desk by christmas. there had been a couple different scenarios though over the last week as to when the president would actually sign the bill, and one of those options was that he might wait until january, until the congress gets back here, and that they would have some sort of celebration to start the year off with a bang. as we saw within the last hour inside the oval office. he explained it by saying he wanted to keep that promise of tax legs signed by christmas. tax legislation signed by christmas. >> i am keeping my promise, i am signing it before christmas. i said that the bill would be on my desk before christmas, and you are holding me literally to that. so we did a rush job today. it's not fancy. >> reporter: now, over the last couple of days or so the

president has touted the handful or so of major corporations that have said they will now, because of this tax bill, either contribute more to charities, give more in the form of investments or give more in the form of bonuses to their employees. the latest coming from sinclaired broadcasting who says because of this bill they will give some 9,000 full-time and part-time employees $1,000 bonus es. and inside the oval office, the president made this admission -- >> corporations areç literally going over -- going wild over this. i think even beyond my expectations. >> reporter: by the way, neil, now the president is aair force one, he is on his way down to the south florida area. then all eyes turn to, likely, infrastructure reform which is the next big ticket item. and the president said today he thinks infrastructure projects or a bill would be easier than

getting health care and taxes done. we'll see. neil? neil: well, there's certainly a little bit more bipartisan support for that sort of thing. blake burman, thank you very much, my friend. >> thanks. neil: james freeman, we've got connell mcp shein, of course, of this -- mcshane, of course, and last but not least, a democratic strategist. connell, your thoughts. you're covering this, you've tacked to people who are out there and whether they're shopping more, we clearly see that. the mood seems to be to buy, buy, buy. a lot of that is because of what the president proposed. what do you think? accomplishme

separate from that people were already feeling confident. >> reality is a pickup of the activity that is real when you look at markets and economic numbers and we will see more, fall off on the reality of it and sell on this reality. >> we are late in the recovery but it is a slow recovery and it is remarkable how we have seen this acceleration, we are having another good quarter in the fourth. we have a big incentive to invest in the united states. a big encouragement for

companies to expand. as you have been discussing the paychecks will start getting fatter in february or march, there is a very good economic story and the president by signing this, gives republicans a fighting chance of bucking history and holding their majority in the fall. ibly20 mitch mcconnell was worried enough to say one of the houses goes democrat in the midterm election and that is post the big tax-cut victory. what do you think? >> that may remain unclear but what is important here is individuals needs to see that pay cut in their check in february or march, the president has a low approval rating and that will way on houses in congress if we continue to have the low approval rating and

individuals who do not see any individualized benefit from the tax cut then obviously -- >> improvement, most everyone will see that. if it is paltry it doesn't look like what they thought it would be it might not be the political game republicans were hoping for. >> those combinations are not worth it. >> if you think of it, the tax-cut got through, dismissal or whatever you say. >> that is what it weighs upon, his legislative agenda, he needs to continue moving with the legislative agenda and do things actually move the needle in this way. >> i wonder if the president's popularity is more connected to what happens in the midterms for

congressional republicans versus the economy and the stock market. he has never been popular as a political figure. november 8th, the president's favorability rating was 36%, 61% unfavorable, the worst in presidential polling history. he was elected president that night. in the clear politics average which we watch, that night. >> now he is at 30%. the highest he has ever been was 46% in early february. if it was a stock, this is a narrow range. >> depends on what the other buying opportunities are. >> might be a cautionary tale for democrats. >> i wouldn't agree with that because right now i think the democratic base is energized.

ibly20 they need someone to energize around, 200 people running for president. >> when the republicans had people -- donald trump -- that may be what happens. ibly20 the other thing not appreciated with this tax-cut that may be will be borne out is what companies are doing beyond the expected buying the back of stock. it is a curse of riches, this notion sides are dramatically lower, forgiveness of money abroad, the tao, don't know what to do with this money. that is the case and wells fargo or comcast, now they might do both to satisfy their shareholders and give checks to workers and that is something that is not where this started. >> especially you mentioned at&t, comcast, communications

companies have gotten a double whammy of encouragement from washington, the internet will not be regulated, you make a return when you invest in broadband, rolling out fast internet. ibly20 companies are getting all of it, might disproportionately be that way, if they share that loot beyond the obvious shoring up of tension funds. this could be another development we didn't appreciate like sharing and immediately with workers. >> obviously the white house, chairman of the council of advisors and his colleagues for more than a decade have been studying economies all over the world and when you cut the corporate income tax rate, a lot of that money ends up with workers because companies invest more. ibly20 not immediately though. >> not thousand dollar checks. it is not we are going to have a bonus now.

it is what happens is investment rises and that means workers are more productive and that means they can demand a higher salary which is this is the path to higher living standards, get more productive so people can earn more because they are more valuable, each hour, each day, that is what we are getting back on the path on. even beyond the nice surprise in february or march of having smaller withholding, rising wages is what we are going to see and that is what republicans in congress who are hoping to hold on despite a rough history for the president's party and the first off year election, they know they will have a nice growing economy and results to show people. >> that might take a little time because companies will react if history is a guide to what their competitors do. when their competitors starts to hire more people and more demand

for goods and services they will be like i need to take the talent away, if i am google, the facebook talent or whatever it may be, that may take some time to develop, the president made the point about what could happen in terms of funding on capital expenditures and the expenseing the goes with that. some might be more immediate, might be able to do all because this company has pretty good balance sheets and a lot of money they could have put to use. ibly20 that story has not been reported enough, not saying it is media bias but an appreciation for other development like this curse of riches companies have they don't know where to put this money and a lot of them are doing a little bit of everything. they continue doing so, whether you like the president of the tax-cut or not it is going to embolden his argument that this reaches far into the middle

class and below and disavow people of the notion that has been pushed this is all the upper income. >> i think the conversation is what are the side effects of this. for my party that is what we are looking at, social service programs and how that will trickle down into the social service programs, and cut social service programs, that is the biggest issue. ibly27 the that haven't remotely happened yet. and no say in whether that will happen and that is the biggest issue. ibly20 what the middle-class is the decider and most elections that is the case and they say $1000 check from at&t, not universal, all the other companies do variations of that, the middle-class which goes

overwhelmingly for democrats, skewing even by next november. >> that could be a possibility but the way the conversation has been going that is not the case. back to my statement the president is dismissive and divisive. that means regardless of what he puts forth as a policy agenda we may get your money in our pockets but overwhelmingly we are not happy. ibly27 the flaunting my old phone dh i can remember when richard nixon was reelected in 1972, he was as unpopular an individual, talk about dismissive and all that, people didn't like him but elected him in a landslide because the wind at the time was at his back, improving the economy, the first oil crisis and before come all the watergate revelations. and got reelected in a landslide. i am not saying it is fair or

not that this president is deemed unlikable, it is something out there. if he has this kind of a boom in the economy to look forward to it can change everything. >> i disagree. [laughter] >> this legislative agenda he has put forth does not negate what has happened. not trying to bring up old things, when people think about the comments about charlottesville, what happened -- ibly20 there is a certain group who will never let go of that and can't let go. i don't think it will change that crowd but the bigger crowd could be the one impressed with what is happening to their financial fortune. >> it depends on our democrats going to have a reasonable alternative and not a hard leftist like they did in 72 to run against donald trump

eventually. as far as next year the parallel is 1981, the big tax cuts. and the difference between the tax-cut in this one, breakthrough growth, that was phased in so you had a crummy 1982. it starts -- ibly20 will they lose one or both houses is mitch mcconnell fears? >> it is possible. the congressional ballot on average, high number on generic congressional ballot and it is possible they could and donald trump could be elected after that. all of you have a wonderful merry christmas, happy new year. we will have more after this in case you are on your way to

grandma's, snow and ice, i will tell you about it after this.

ibly20,107 million folks are set to travel, there could be a winter storm to hamper all of that.

what could we be looking at? >> we have a complicated situation on the eastern part of the country over the next couple days, this is where we set up temperaturewise, this warm air moves in the northeast and we will watch this snowstorm become an ice storm and eventually a rainstorm and that is tonight into tomorrow. in the south in the midst mississippi river valley, colder air behind it, freezing precipitation out there, a big snowstorm going on across new england. this, however, the warmer air is on its way, it will cause some delays but things are looking good, miami has delays because of volume.

you get the idea tonight into tomorrow, a major rainstorm here across the northeast towards new england, ice tonight and rain tomorrow and behind it:there comes in. behind that again, sunday into monday a clipper storm, more snow for sunday and monday, you get the idea through monday of unsettled conditions across the northeast, that is the case tonight, tomorrow and into sunday with the next storm. your saturday picture, a few delays across the ohio river valley for the atlanta area as the storm moves through, we will see this across the northeast and a new storm moves across the pacific northwest causing problems this weekend. temperaturewise, cold air moving in, saturday, sunday, forecast highs monday, christmas day-12. very cold.

ibly20 a lot of money in online retail, record abounds, traditional shopping malls not so great, not so fast. outside chicago, jeff flock. kaimac we got a tax cut, we have lines already and a unique situation saturday and sunday preceding christmas. flocked christmas trees appropriately, looking through the bushes with our camera, looking like perverts here, that is santa claus, might be the real one. on supersaturday, 126 million is what they say in terms of people shopping. if you are a last-minute shopper, you get to saturday or sunday your only hope is the mall. let's poke our head around here

a little more as we think about winners and losers, looking at the stock performance of the retail, we have people. if you look at the winners, what stocks performed best, a winter wonderland of kids, this line into the sauna. the winners, if you look at the stock performance, walmart, macy's, up double digits in the last three months and the losers, you could guess one of them, chicago friends at sears down 46% in the last week a month and jcpenney also, get in mind for santa and your list is another year of ratings nomination on the foxbusiness network and the fox news channel, santa said he is getting sick of giving you the

same thing every year. ibly20 process achieved this. i don't want you to forget that. would you pass that along. you have had a remarkable year, reporting second to none. i like embarrassing you because you are easily embarrassable. there is no one like him. he is as good human being as he is a reporter and a terrific reporter. we had a lot of sources telling us the top white house advisers are concerned a lot, and and the 20/20 campaign. this could be a political theater and intrigue, the best

coach telling his team fight for everything but they are clearly worried despite the tax cut, because of the tax cut, i suspect it looks as if the tax-cut is going to get more bang for the buck from companies that are sharing those, that could be a different kind of game changer. >> i would rather be on the winning teams in the losing team, we finished a tremendous campaign. millions of dollars against these tax cuts, and half as much as this entire year. 60% from small donors. what me worry? we have tremendous economic growth, and may be headed to 5% growth by the third quarter of 2018 and that will be difficult

for democrats to run against. ibly20 we talked a lot about this. i'm not a big fan of this tax cut, i see a lot of holes in it but i do see everything kicks in at once. not like the reagan tax cuts phased-in in 81, 82, 83, the big transformational tax cut that was tax reform, that took years to come until it was brought to the public. this one is instantaneous. the stands a possibility of interest lee helped. what about that distinction? >> that is a tremendous distinction. we have a thunderclap in this economy starting in february because millions and millions of households for the first time in a decade are going to see more money coming home in their paycheck. that could blunt any message attacking these tax cuts very effectively. what will this message be from

democrats, red state democrats who are in vulnerable positions in the senate. what is their message going to be? disregard the extra taste compay because armageddon is coming to get there in a bad position especially in those senate seats, our message is going to be your getting more take-home pay. the economy is better than it was a year or two years ago, it is tough for the democrats to run against. they have 26 seats in the senate they are defending versus aid for republicans. that is tough to go against. ibly20 the real started in the house. mikhail he threatens you keep voting against, watch what we do

with our financial support. a mob like fred, the un responded, not afraid of the mob. after this.

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ibly20 remember your friends especially if you have more enemies, nikki haley inviting nations that supported us to a january 3rd reception. the problem is nine cards, those abstained or voted against 28 countries, despite all the threats we might consider cutting back you and funding in the future, we account for 28% of the human funds that are paid. we might just hold back on that. the threat doesn't materialize

in any more -- the former aide maggie thatcher and all of gardner with us. >> nikki haley dennis the menace job at the un, advancing bold strong us leadership. ibly20 they didn't listen to it. >> they didn't listen, but i think this is an important message to convey. $40 billion a year to 160 across the world, this should be linked to support to the united states. the days when the united states hold out money to countries, in many cases who vote against the united states, should be over, i

agree with ambassador haley, this is a powerful message about us national interests and a clear-cut signal to those who receive foreign aid, votes against the united states will be taken into consideration in future us foreign aid disbursement. ibly20 say they deliver on that but other nations come to the floor, china and russia happy to compensate, could it backfire on them? >> i don't think it will backfire. it is important to stand on the matter of principle here. us taxpayer funds should not go towards those who undermine the united states on the world stage. the united states remains the biggest giver of foreign assistance on the international stage, we are talking huge sums of money, you are not owing to see china or russia replacing the united states in that role but we have to ensure that us

taxpayers get value for money and we have to send a very emphatic message to the world. ibly20 i understand the message. why worry about it? i end up with maybe it wasn't our intent coming into this looking like babies, we all of a sudden say you don't play our way we will take our marbles or money and walk away and the world called our bluff on this and to your point they might regret it but we overplayed a hand here to say if we don't get our way with you we will stop paying you. i don't know if that is the approach to take. i understand the frustration that is in a constructive way going forward? >> it is a constructive way. us leadership is not a popularity contest. us leadership is about advancing a strong us principal and

interest and we see at the united nations an organization, world body that receives $8 billion a year from us taxpayers, we see consistently a number of countries who vote against the united states at the united nations general assembly and we need to factor that into consideration with regard to foreign aid assistance. i do think the us government owes it to the us taxpayer to ensure the full accountability is given in terms of how us money is given out, only right that us ambassador to the united nations, make it very clear, all the countries who are part of the un general assembly will be held to account, this is real strong us leadership, not leading from behind as you saw with barack obama over the last few years, we have a more robust american leadership and that is

a good thing. ibly20 it wasn't reflected in that vote, didn't change the vote and might have added more no votes. we will see, thank you, good seeing you again. why did eric schmidt set down as executive chairman of alphabet? all sorts of reasons being given, more time for philanthropy and other charitable efforts but there is another side to this story. maybe a darker side. but my carn and i'd really appreciate a ride to the stadium. yes! ...but, no, i have to stay here and wait for a package. i thought anybody who rooted for me would have fedex delivery manager. that way you can sign for your packages remotely and even customize your delivery time. (car alarm beeps) excuse me sir, could you take me to the stadium? sure! hop in. - thank you.- hope you like jazz fusion. (neighbor starts singing) sorry. customize your deliveries with fedex delivery manager.

ibly20 exactly why did eric schmidt step down from alphabet? tracy is digging into the details. >> this is a shocker from silicon valley eric schmidt stepping down as executive chairman. he was brought back in adult supervision, a few years after

google was started to guide the up and coming company and twentysomething founders, raised some questions along with the fact that alphabet waited three days to disclose schmidt told them he was stepping down according to a filing but news outlets have been recently investigating schmidt's, not found anything out and there is no word on the reason for schmidt's departure but he released this statement, he said, quote, we all believe the time is right enough of that's evolution for this transition. the alphabet structure is working well and they are authorizing this. the company's board of directors. neil: thank you very much, the president making news on his tax but finding that bill today.

a curious conversation he had with the number of ceos and bigwigs including the owner of the patriots. >> a friend of mine said this tax bill was incredible. he owns the new guns patriots but is in the paper business too and he said based on this tax bill he just wanted to let me know that he is going to buy a big plant in the great state of north carolina and he is going to build a tremendous paper mill or paper products plant. neil: charlie gasparino watching that to do that sort of thing, share the wealth and all that. their fiduciary responsibility, the better this gets. >> trump has heard from ceos the don't like the plan and he doesn't brag about that but i spoke with him, he spoke with

randy levine, the president, business leader of the new york yankees, longtime republican friend of donald trump who basically told him point blank what was wrong with the plan, the fact that private equity is getting a huge sweetheart deal, private equity managers. neil: amazing how that stayed in. >> it is called campaign contributions. a lot of money targeted to specific lawmakers including mitch mcconnell and kevin brady and paul ryan and donald trump is close with steve schwartzman. a lot of political influence here. on top of all that you can make an argument that windows create jobs. neil: the president -- more ceos, wells fargo, share the wealth with workers, if more do that, that could have an effect

on not only those workers but the economy. >> the ceos know they won't immediately build a plant, for every -- neil: hand out checks to workers. >> they have to do some pr. bob may have had a plan to do this plant, might have been in the works, most companies plan their capital expenditures. what i'm hearing is not that they are running to start new businesses or expand tax or capital expenditures which means plant plant and equipment but looking at buybacks. in order to counter that, they are going to be handed a chunk. at&t is going to be handed a chunk of cash like there is no tomorrow. stuart: just not the drop in rates but for cash holiday, the tax holiday. >> a wash of money, they don't know where to put it.

>> a business expense. >> you don't know how to spend. >> i think the good lord every day i am so rich but the reality, all these trump fanatics are saying this plan is great, i am middle-class and going to dollars a week in my paycheck. remember the zillions corporations are going to get and -- neil: everyone shares the lose, that might be a factor that is not appreciated. >> they are sharing and sharing a $1000 check to your employee is not like getting -- put it to you this way. if you get a zillion dollars in free money you better get a few bucks to your employees. it could change the perception. a lot of people are not talking about businesses and corporations going out and blowing but can i say one thing that is interesting?

private equity loophole carried interest, everyone is on it, two people started this thing, the media addressing this. me, you and liz claman. everyone else is late to this story. that is why this got through. neil: hard to get your arms around it. >> we did it. but now you don't care, you're going on a vacation. >> i am quitting this job and going to invest, to buy stocks, get the carried interest loophole, sit on a beach somewhere. why should i pay 37% and get screwed on state and local taxes. i will be a private equity manager. neil: there was applause in the control room. thank you, great year. charlie gasparino, bit coin

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>> welcome back, look at this

drop for bit coin, 23% down, that is a digital currency exchange and the price went from $20,000 to as low as $12,000 on some exchanges, stamped at 7:30 london time. this price drop, percentage drop, biggest loss bit coin has seen this year. remember at the start of 2017 bit coin was $998, it soared to a record high -- this is this one but if you go longer term, $20,000 on some exchanges, in the past year value going 8 to 20,000 kept hitting milestone after milestone, goldman sachs one of the first financial institutions to offer bit coin futures, two regulated exchanges offering trading, the cboe

december 10th and bit coin not without its detractors, jpmorgan chase's ceo saying it is a fraud and jamie diamond would fire anyone trading in bit coin. lack of transparency and as you can see from this run-up is your a lot of volatility up here, the volatility feels good, feels less good here but worth noting since its inception bit coin has fallen 80% in 24 hour periods five times. worth noting today, not just bit coin has lost a significant value. a competitor to bit coin, you have bit coin cash down 30% and another one down more than 20% and some of the blocks chains, the name if you like for an electronic ledger, some of these, also moving lower.

many people point out bit coin can be a bubble and can change the future but likely not going away no matter what you think of it, goldman sachs one of the banks that support certain clients with the bit coin futures trading but the bank is looking at letting people trade bit coin directly. a decision is not been made, getting further into digital currency. neil: the technology whether it is the longer term. >> whether this is the digital coin that will make it most people agree this infrastructure we call the blocked chain like you and i using chase pay or apple pay, i have the same idea just a different form of currency. neil: thank you very much. in the meantime, this keeps

going on, these markets, bit coin and the rage notwithstanding, steve cortez, this market has been on an incredible run. in march, a 90-year-old bull market taking on a life of its own in the past year with donald trump. what do you think? >> it has further to go. it has come a long way but has more to go. the two aspects of the tax cuts which will be big for main street and wall street are the repatriation issue. allowing companies to take trillions of dollars that are trapped overseas, before the united states for investment but the second thing which will be big for main street and small firms is immediate business expense, the right out of business expense, one reason we

haven't seen the last decade. >> nothing is delayed and that is not appreciated yet but the fact you won't be waiting, you should get it right away. >> i believe so and there will be so much confidence. i was talking to a friend of mine who is a chiropractor, 10 employees total, he is going to buy new we quit immediately because he knows he can expense it immediately. how many millions of businesses are like that, they have the confidence to grow, they believe in the future, have the regulatory burden lifted by donald trump, he did that on his own, didn't need congress to provide that. it has been a great year of economic acceleration but in 2018 we will have true bit coin. neil: more after this.

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neil: all right. welcome back to the second hour of coast to coast here on the fox business network. the president's off to florida right now will be for the christmas holiday. he leaves behind a pretty momentous big deal here. whether you like it or not, whether it's across the board or not, pretty consequential tax reform, that has already prompted the republicans to say maybe they can stave off disaster at the polls a year from now in the midterm elections. way, way too early to say that. i've already told you that some like mitch mcconnell fear even with this losing one of the houses of government they control, that could be the house or the senate. he didn't indicate which, but he's worried about it.

probably always good to be worried. anyway the gop does head into this break with the big tax reform and the progress he's making on the war against terror and particularly isis. and avoiding a shutdown. adam shapiro counting up the wins and losses. adam. >> and, neil, don't overlook, takes us to january 19th. but both sides already negotiating where they're going to be in january when they come back to this and even mitch mcconnell is talking about what the democrats want. some kind of deal perhaps for the 800,000 young people who came here illegally with their parents, referred to as daca, those students might find a compromise in the new year. but the headline today is the historic moment that took place within the last couple of hours when president trump signed the tax reform legislation and then focused on more of his agenda and what's coming next year and talking about the big infrastructure project, and he intends to keep his promise on that.

here's what the president said. trump: infrastructure is by far the easiest. people want it. republicans and democrats. we're going to have tremendous democrat support on infrastructure, as you know. i could have started with infrastructure. i actually wanted to save the easy one for the one down the road. so we'll be having that done pretty quickly. >> and when you think about infrastructure, think about senators on the democratic side who will probably want to do some kind of deal with the republicans. people like brown from ohio, big industrial states will probably be big people working on behalf of infrastructure. don't want to put the cart before the horse, but here's what mitch mcconnell said about a bipartisan effort. >> there's not much you can do on a partisan basis in the senate at 52-48 or at 51-49, which will be the number for us next year. we're going to be looking for areas of bipartisan agreement because that's the way the senate is. >> so to -- is it drew carey who does let's make a deal?

because that's what they're going to be saying. he's price is right. so come on down. let's make a deal. that's what they're going to be doing on capitol hill next year. neil: he is right, especially the senate. we shall see. adam, thank you very much. >> yep. neil: all right. well, republicans and democrats are gearing up for how this is all going to be communicated on tax reform. as you know it's the law of the land right now, and you start seeing it in your paycheck some time in february. there's a big difference there of whether it's going to benefit everybody or what are some of the signs we're seeing out of corporate america sharing the loot that they're getting is a sign of things to come as well. that could make this a much bigger deal than even democrats have that line. let's get the read on national effect union and executive vice president brandon arnold, republican media strategist adam good man and former democratic ohio senator. i want to get your take on democrats who seem to be dooming this not a one of them voted for this. but i'm wondering if they were

surprised and worried now from a political position that so many companies out the gate are sharing this loot with their workers. it's not just going exclusively into stock and that sort of thing, which is the companies are perfectly free and right to do. but maybe because they do have so much money to play with, they are spreading the loot around. and that was something few predicted. what do you think? >> i think you're absolutely right, neil. i think democrats are a little bit nervous and have been trying to frame, you know, the actions on behalf of, you know, everybody from boeing to wells fargo, increasing the minimum wage to $15 for their workers and actually investing in job creation as well as putting money in people's pockets. i think they didn't see it coming. so they're now framing it as, well, this is just a pr move. people are trying to look good. i personally think, hey, you know, i don't care democrat or republican. if more money is in people's pockets, that's fantastic. but i do think that, you know, if the republicans are able to capitalize on the fact that

businesses contrary to, you know, the assumptions are actually reinvesting this -- the tax cuts into the hands of american workers, i think it's going to be more difficult for the democrats to hold onto the moment against the tax reform where, you know, right now quinnipiac is saying about 55% of americans -- of the american public, you know, have an unfavorable view of this. so the republicans do have to take back this message and those corporate, you know, actions i think will help. neil: you know, adam, one thing the president indicated this morning was that maybe ceos will do the selling and the pitching for them. and more examples like we've seen out of the, you know, the big media companies and others like wells fargo. that might be all the selling you'll need. what do you think? >> i think what we're going to see -- first of all, neil, you know, this is tax cuts and tax reform is a signature republican issue.

and what we now are seeing is president trump and republicans starting to get back on their game. it took them a while. but they're starting to get back on their game in terms of delivering on their message of investing for and in america. and if corporations start to follow suit and take this as a cue, i think it becomes powerful politically next because i believe that what we're going to see, neil, is this is a tee up to what donald trump talked about this morning. which is an infrastructure plan. now you've got more dollars and more workers paychecks, and you're going to potentially have a massive infrastructure program talking about more jobs for more americans. neil: brandon, how do you think that argument's going to go? >> well, i think the focus ought to be on a tax relief and the economic benefits that come from this tax bill that was just signed. we'll see what happens with infrastructure. but it's far too early to speculate about that. but as you mentioned early, come february, people are going to see a real difference in their paychecks, and then we're going to see the corporate activity not just about bonuses and things like that, which are fantastic, but

about real investment in the economy that's going to create sustainable jobs and economic growth. that's when the popularity of this bill is really going to take off. neil: you know what's interesting, guys, and despite the booming economy, despite the booming stock market that the president's own personal poll numbers are so weak. now, i know many in the white house view this maybe because this is the view of the boss, fake news and fake numbers and they don't trust them and actually he's technically as connell mcshane was pointing out earlier on this show, higher than he was on election day. and i understand all of that. but are you surprised that the president, you know, whatever your political persuasion has not benefited more from an environment that would presumably be wind in his back? >> well, guess what? nothing about the 2016 election was, you know, politics as usual and nothing about the trump administration is government as usual. so the fact that, you know,

typically the president or the occupant of the white house does get some credit for, you know, a strengthened economy, the fact that there is that disconnect there between public opinion of, you know, the president from the actual successes of the economy, i think, you know, in some ways is not a surprise. number one because everything has been a surprise about this white house but i think also because the american public is separating out some of the economic successes from, you know -- and getting in the weeds with some of the more bombastic aspects of president -- neil: but i think you hit on something. i think it's a person issue. i think a lot of them don't like the president. i'm just saying because otherwise you would be benefiting more. still, other presidents who were deemed personal let's say not super likable. i'll leave it at that. all have come back to do very, very well. richard nixon being reelected in a landslide before the oil

crisis and of course watergate. memorable instances there. but you don't have to be, you know, angelic to be necessarily loved by the american people. if you have a lot of good things going your way and, adam, i'll leave your sense to this maybe as a media expert as well. if everyone is feeling better about their own fortune, it doesn't matter how they feel personally about the guy leading those fortunes, does it? >> no. question. and here's what a slogan. here's the tag line to that commercial from donald trump. from president trump. you may not always like what i say. but you're going to like what i do. and i think he's finally a year in starting to do some big things, and i think that's what people are going to remember more than anything else. neil: that's well said. i'm going to write that down. brandon, on the other flip filipino side of that is you may not always like what i tweet. if you were to advise him in the new year, cool it on the tweets, at least to the nasty ones on those that bug you, especially in your own party,

what do you think? >> i think the focus should be on the track record of the president. i think the focus shup on things like this tax side. and i think he needs to show that off to the american public. probably more so than some of the extracurricular choices he's known for. neil: let's just say i comment you're very sad. just kidding. guys, thank you all very, very much. ten minutes after the hour. the travel rush is on and now you have to worry about the snow and ice. oh, no. cannot live without it.

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i can even help with a silent night. does your bed do that? i don't actually talk but i can tell you how you slept. i'm the new sleep number 360 smart bed. let's meet at a sleep number store. >> all right. lots of people record number we're told on the road. that's not too surprising. here's something that you're probably going to find a little disconcerning. that you have to get to the airports. you have to get to train station. you have to get where you're going even earlier than you planned in the past. hillary vaughan over at lax with more on that. and heightened security is changing the game plan a little bit. hey, hillary. >> haled, neil. well, the tsa says they're deploying more resources than ever before this holiday travel season. they have 55 canine units that they're using to be on the lookout for any explosive devices. we're here at the los angeles

airport, one of the top three busiest airports this christmas. a police sergeant with the lapd says they're constantly monitoring and following up with threats but even increased manpower is not enough. they're asking travelers to text 7911 to report anything suspicious. you can also send photos and videos to that number. >> we also do have officers that are in plainclothes, which means you won't even know they're police officers. they're constantly walking around to protect you, protect your property, and to be able to be of assistance when needed. >> there are also tighter security measures in place, which means you need to be prepared to wait in line at security a little bit longer. if you have any electronics that are bigger than a cell phone, those need to come out of a bag and placed in separate bins. that means not only laptops, tablets, e readers, bluetooth keyboards as well. but also you can bring wrapped presents in your carry on. but they say if anything inside resembles a weapon,

they're going to have to open that up. avoid any liquids or food items bigger than a snow globe and also stay away from that heavy booze. anything with more than 70% alcohol content cannot be in your carry on and also cannot be checked in your bag as well. neil. neil: that rules out my entire family traveling now if that's the case with the alcohol. all right. hillary thank you very, very much. hillary vaughan on all of that. meanwhile, if you have any doubts, certainly from the airport that people are certainly willing to spend some money, lauren simonetti puts that to rest. maybe because they've improved their own balance sheets in the processes. hey, lauren. >> yeah. i was thinking the same thoughts when hillary was talking about alcohol. all right. well, the national retail federation hasn't revised its holiday forecast. still connecting sales rising 4%. about $682 billion. we have reason to be more optimistic. have you been to the malls? try parking. they're totally packed. the shippers are busy. some delayed.

americans seem to be shopping whether it's at the store or on the web. we're both, and we're going to make one, big, final push tomorrow, which is super saturday. last saturday before christmas. it often sets the record for the busiest shopping day of the last year. crowds, 126 million of us are expected to shop. all right. what's driving this sentiment? well, the paychecks are getting bigger, hopes for future tax savings, and the discounts. i've been shopping around here in the area 40, 50% off and so many stores for consistent periods of time. also some of the shipping delays are making shoppers finally return to brick and mortar. now, while those retailers are certainly seeing more success this year, you can't say they're out of the woods. names, including j.c. penney and american eagle, they're struggling and amazon, of course, continues to dominate. but if you are worried about an online order, not making it under the tree, kohl's will be open from now and through 6:00 p.m. on christmas eve.

and toys r us from 9:00 p.m. to christmas eve. it's daddy's shopping weekend coming up. this is when all the men go out to buy the gifts. neil: did you say 126 million, is that shoppers to date or just tomorrow? >> just tomorrow. but, look. neil: i'm sorry, kids. enjoy what you have. >> there's plenty for the procrastinators out there. neil: oh, my goodness. 126million. good luck finding a parking space, like you say. lauren just put me nahoristic mood. >> really? i thought hillary did that with the alcohol in the airports. neil: well, you both were like a one, two punch. all right. merry christmas, i guess. all right. now, congress, you know. here's -- why don't we complete the trifecta. we are not addressing our bills nationally. and the latest seems to be this effort to punt on apparently any attempt that budgetary reform or getting entitlements under control, whether you're on the left or the right, it's just wrong.

let's ask former mike pence press secretary mark lotter. good to have you. >> great to be with you. hope to put you in a better mood. neil: did you know 126 million people are going to be shopping tomorrow? is your shopping done? >> it's done. thankfully i'm going to avoid the mall on the way home. neil: talk about avoiding stuff. congress as they avoid making hard decisions. you can understand why because they each catch all heck when they do. but apparently mitch mcconnell said we're not going to be looking at entitlements next year. so that's off. >> well, i know that's something the president wants to address, and you see leadership in the house also wanting to address entitlement reform. it's one of the best ways we have to control the federal deficit and spending that we've got going forward is we've got to get control of the spending as you know, neil, you know, i know there's been a lot of talk about the tax reform. but when you go back and lack at reagan's tax cuts, revenue

went up in eight of the ten years that followed. so the deficits that were caused were not revenue problems, they're spending problems. neil: at the time when had that revenue coming in like crazy, and they did, they buy in large spent every penny. and for defense, you could make an argument at the time we needed to boost defense. but you can make an argument at any time for any amount of spending. when do you think we'll get serious about this? i know they teed up possible welfare reform. i guess that's. so. but what do you think? >> i think they're going to handle it. for the first time in many years through the ten-year. we got past the this is going to be one of the issues that we're talking about going into 2018. we need more republican senators who are going to be fiscally responsible. it takes 60 votes to pass those promotions bills, and

we're a few votes short there. so we're going to need more republicans, not fewer to get a control on federal spending and finally get a handle on the debt. neil: you mentioned getting the budget in the last ten years and the tax cut in order to sell that and now the spending measure that was, you know, agreed to on a temporary basis to the middle of january. as you know, we'll see ten more trillion in debt added to our burden already. so i don't know if anyone is showing the will to address this because they remember what happened before when republicans were just trying to reign in the growth of medicare. just the growth of it. just to curtail that increase. and he was portrayed as throwing granny off a cliff and worse. what do you think? >> no, you're absolutely right. and even when president george h.w. bush attempted to reform social security in his second term and obviously that went nowhere. but here's one of the great things. i heard director mulvaney talk

about this at this. is that we need to change the narrative in washington and stop judging programs by how much we spend on them or how many people we serve. the success of our program should be judged on how few people need them and how little we have to spend on them. and that's one of the reasons why getting this economy going is so important. it will put fewer people on the need for government welfare and allow us to cut spending, reform the programs. because that's the only way we're going to get ourselves. we're going to grow ourselves out of it. out of the debt. but we also need to be more efficient. neil: does the vice president -- i know when you work with him, he has been talking about just sticking to conservative principles and republicans being proud about standing for those principles whether it involves the war on terror and places like afghanistan or where he was this week. or on a tax agenda that tries to cut taxes for everybody. is it your sense that that formula will be stressed a lot more than it was this past year? >> i do.

especially as people start seeing the benefits of the tax are he form, and we continue to see the economic growth. and, obviously, from a judge's standpoint from rolling back regulations. i mean, this has been one of the most conservative first years in modern history in terms of action by the president. and you're going to see that continue what we have to do is be able to take that message to the american people in 2018 and tell them that if you want more of this. if you want to repeal and replace obamacare with if you want more regulation and reform, the answer is not more democrats, the answer is more republican leaders especially in the senate and the house. neil: were you troubled by the news of mitch mcconnell saying there's a good shot we could lose one of these houses that we control. >> well, that's just history. every president after george w. bush the year after 9/11 has taken a significant hit in congress in their first midterm elections, even go back to reagan's times. so we're facing a uphill wind

in terms of historical president. but i think we have the message on our side. we have the recovery on our side. that's something reagan didn't have because the recovery in the early 80s really started to take a effect in 1983 going into 1984. we already have that wind in our back, so it's a good message to be made but definitely an uphill climb. neil: mark lotter, great to see you. >> great to see you, neil. neil: north korea is an issue that won't go away and a lot of people say it's just a matter of time until we have to deal with those with this militarily. but what does that mean? it's not as obvious as you think.

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neil: all right. this has been our news right now. the united nations has gone ahead and approved all 15 members that include china and our own and many others to

beefing up against north korea. joining us now, retired general jack keane. a day after the jerusalem vote, so i guess it depends on the issue. and on this issue, the big leaders who sit on that security counsel think that this is urgent enough that the north koreans have been provocative enough to justify this response. what do you think? >> oh, yeah. i mean, this is the third major vote by the un security council posing sanctions on north korea. but what's really happening is based on what director pompeo told us, neil, a number of weeks ago that north korea in his mind -- he said this publicly, which surprised me -- that we're months away from north korea nuclearizing their icbms. not years away. which means we're heading to a showdown in 2018 with north korea. and these sanctions that have been approved before, they took much longer to take hold because you have to wait for

the economic impact. and then you have people who are not compliant with the sanctions. it's been publicly reported that north korea is still sending coal to china and getting return. that fuel, oil is flowing into the country from ships that is being transferred from one ship to another to a third party and bringing it in to north korean ports. and that certainly is sustaining the north korean economy. for the people on the ground there, they don't see any physical impact of any economic collapse beginning to take place in north korea. so whether these sanctions are really going to strangle north korea to the point where it will change their behavior, that remains to be seen for sure. neil: yeah, i mean, i can't figure it out, general, because we've gotten tough with other prior sanctions that were deemed equally. i guess this one has more teeth in it. but the fact is that china did

go ahead and vote for these. there was some concern that it might abstain. but, again, that means that we have to rely on the chinese to follow through. is there any way we can follow that? prove that? >> well, we're watching them like a hawk, certainly, and i think we have some sense of what they're following through on or not. and i'm sure our government -- if it's in the public press talking about china still providing revenue for coal being received from north korea, which is the thing that they were supposed to shut down months ago, i'm sure we're having a dialogue. but what this indicates, though, is we're getting closer and closer to at least the possibility of the military option unless these sanctions are able to persuade kim jong-un. and we have to know that historically sanctions have never, ever persuaded a north korean leader to change his policy. not one time. neil: what would you deem to be a military option on our

part if we had not removed that off the table, if the sanctions to your point take a while to register, and we don't have a while. if they're disclosed to a nuclear capability, what would be deemed -- in a broad sloth of things we could do, what would be deemed a military option? >> well, there's a whole range of options, neil, that i'm sure the president has been briefed on in depth. but you could start with a naval blockade, which is a military option. and just cut off everything going into north korea, obviously, from the sea, which is where most things are coming into north korea. that's an option. we could shoot down one of their missiles that they fire to get their attention. or we could take out a launch facility before they fire a missile also to get their attention. north korea has always maintained if you take an unprovoked action against north korea, my regime, i would consider that an act of war, and i would respond in

kind when an attack on south korea. that is the thing they hold over our head. also other options to go after the massive amount of artillery and rockets they have that are close up to the border of south korea and would have such a devastating impact on seoul. we have the ability to do that with conventional attack. we also have the capability to do that with limited tactical nuclear bombs that we could deliver to those sites and would be quite devastating. these are -- all of these options. neil: militarily, general, to a block ate? >> would they respond militarily to the blockade? neil: yeah. >> i think they probably would try to do something about it, yes. and they would also likely accelerate their icbm launches as well. they have a very limited military capability. they would not be able to defeat u.s. blockade.

and if it does result in a war, which would be horrific and absolute failure of our diplomatic and economic sanctions, you have to think through and i'm sure the white house and national security team is doing it. what does china do? does china just watch that happen? is china concerned about nuclear weapons, they go into the country, and this would be probably one of the options china would want to undertake. go in there and secure the nuclear weapons in north korea. would they fight side by side with the north koreans as they did in the '50s? i doubt that. but nonetheless, these are all options that are being considered and certainly being presented to the president of the united states. neil: all bets would be off after that. general, good seeing you again. thank you for taking the time. >> yeah. good talking to you, neil. merry christmas. neil: merry christmas to you, general jack keane. what happens then on more

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neil: all right. the president is just arriving in west palm beach florida. christmas break there going to mar-a-lago to the resort, beautiful place. but they're having perfect weather. but of course he's a very happy camper that his tax reform, a lot of people can pick it apart and say it's not quite reform. but but it is the biggest we've seen since 1986. charlie gasparino back with us. steve, charlie brady, you know the drill. these are the bitter boomers, still angry at the world for no reason. >> i have reason. neil: you have reason. okay. >> plan is kind of crappy. >> it's -- look, it's the

second piece of major legislation, neil, that's been passed by one party. and you want to take a look at a lousy piece of legislation just so you want to know i'm not bias? aca. that was the other major legislation. >> obamacare. >> right. obamacare. neil: you don't like this? >> on the wake of obamacare, we've had two consecutive years of declining life expectcy in this country, and we're headed for the third. if we get to the third, it will be the first time since the spanish flu in 1919. neil: what does the tax thing have to do with that? >> the tax thing is equally horrible. neil: all of this time we've been excited about a tax cut, we won't even be alive to see it? >> yeah. now we have a tax plan with no infrastructure, no basis for correcting the -- neil: so you don't think it's that big of a deal, the tax cut. >> i hope it is. i pray. but i doubt it. i really doubt it. neil: charlie brady do you think, though, that in this tax cut he's getting

unexpected benefits, he didn't count on ceos who now watching this money, potentially watching this money who are not only doing stuff for shareholders but for their workers. bonus checks going out, other little incentives to help them out, things that a lot of folks didn't plan on. >> i think what he didn't count on was the political ratifications of this because all the democrats that have downplayed it and criticized it and still do so are going to look, you know, pretty bad when, you know, taxpayers and employees are getting $1,000 bonus checks. this is what at&t -- neil: you people predicted. but that democrats might the day they voted down. >> yeah. it makes me think, though, that the companies themselves because they just don't hand out this money. they know the you know what is going to hit the fan against them, actually. neil: if they don't. >> if they don't. because here's what's going to happen. you're taking the corporate tax rate down from 35 to 21. you keep a lot of the loopholes in there too. these guys are going to be

flooded with cash. i'm telling you. neil: they have a curse of riches. >> they have a curse of riches. they're not going to open up plants across the midwest. they're really going to take care of their shareholders first. on top of that, the tax cuts for individuals are pretty mediocre; right? for average people -- let's be real clear. the average person doesn't pay a lot in federal income tax. you may get a $20 week in your check, which isn't much. >> this is where people are going to get screwed. charlie, this is where i disagree. i think ironically that that $20 a week will mean something because if you look at how bad things got. neil: about 45. >> about 45. even more. >> that's just chump change to him. but he's elitist. >> you're the elitist in the crowd. >> it's an average of 38. neil: no, it's not it's 45 to infinity. >> listen, this country has gone so bad that that does mean a lot to the typical

middle class person. >> yes, $1,000 is a lot but the only thing i say about that, charlie. >> you're being a bitter boomer. >> i am being a bitter boomer because i am really annoyed. i don't see anything. >> you're richer than anyone i know. >> no, i'm not, neil. i don't care about money. neil: oh, really? don't care about money. >> no, i want to get it right. neil: the numbers do, you've crunched them more than anyone i know. will they have the effect the president envisions? >> well, it's going to boost profits for corporations, that's for sure. and the profits that drive. >> is that reflected in the market or no? >> well, we're having a heck of a year right now. >> the dow's 250 points away from having the best year since 1995. we could easily do that next week. neil: percentage-wise.

>> percentage-wise. >> if you cut the corporate rate down to 21% plus start deregulating like crazy, i'm telling you you are just throwing money at companies. now, the question is, and i think that's really good for the stock market. and, by the way, stock prices go up. i think it should. but here's the thing. if you talk to corporate ceos, their first order of business immediately will be the buy back. i mean. neil: how much money, charlie? my argument is between this lower rate and all the money that's coming back from offshore, they don't know -- >> is buy back stock and gives cash incentives to employees. they have to plan and strategize on what to do. >> someone has to strategize how do we manage commodity shortages and commodities going up? there is no cure for that. and this country is basically. worldwide. but this country has no -- has

ghana drift. and this. neil: everybody now in florida, steve says, this tax cut is the way. >> i hope he's right. and i pray he's right. but i don't see anything in the tax cut that's going to do it. neil: i think he got 65% of the right. i mean, the corporate stuff is really good. the stuff on the individual side was so stupid. like, he's actually raising people's taxes that are republicans and they're not millionaires. the journal ran a table about all the high tax states. it's not just new york and new jersey and california. you look at minnesota, maryland, illinois. >> can it, probably. >> there's a lot of states. neil: i think there's a lot more bang for the buck people appreciate. and surprised to be these companies. now, if i'm right on that, and i could be wrong. and these guys could be right. then he may have some unexpected benefits. also, everything is immediate with this.

it's not like ronald reagan's, which were faced in. >> right. neil: is your idea something that could benefit republicans. it's a political question with an economic angle in time for the november election next year. >> if we see some of these things implemented, yeah. before the elections and, you know, that would mean in the first quarter of next year, yes, it should have a positiv positive. >> categorically it will benefit them. but it's a short time benefit. neil: you think charlie is so focused on himself and what he's getting. >> i'm not disagreeing with neil. i think it's a benefit. here's -- we don't know how this thing is going to shake out. people that don't pay a lot of taxes are going to get $20 in their pocket. okay? people that pay taxes and are not hedge fund managers, they're going to get kind of screwed here. that is estimative and destimulative.

neil: you think it's a presidential turn around for donald trump? just on that measure alone. the largest tax cut or not. but for donald trump, it could be a game changer. >> it could be if the corporate stuff does -- do stimulate the economy. >> and the stock market stays up. >> but, neil. >> what i -- first of all. >> by the way, approval rating's at 35%, even as he has approved. neil: 20% higher than yours. >> but this is the point and, i mean, i'm sorry to bring this up again. neil: are we going back to health care and dying early? >> no. you're back to long and short-term thinking. i totally agree with you, neil. i think there's a good chance that this will help trump in the 2018 election and maybe even 2020. neil: why hasn't he benefited with the approving economy. >> i think personally because he couldn't take credit for anything personally. >> he's kind of a do have.

>> he is a doof. >> this twitter thing. i mean, he comes across so stupid. neil: he's the president of the united states. what's not -- what -- >> people are not -- because his image. i mean, i think here's the thing. when you act like he acts sometimes, like, you know, just some of his. we don't we don't have to rwanda the video tape here. >> so even americans feeling it in the markets, feeling it in the economy and he's not benefiting because how he feels about it. or the media's not fair to him. >> well, i think he's getting a lot of flak in the media and that's hurting his poll numbers and the supporters are happy. >> his supporters are only about a third of america. >> yeah. but that could grow. >> yes, i agree. and i think it will, neil. but the point i'm just trying to make is there's nothing for long-term prosperity. nothing for the millennials who don't deserve it anyway. neil: they deserve nothing.

>> they deserve nothing. nothing. >> anywhere. neil: why don't the millennials deserve? >> one of the topics you want to talk about. don't get me started. bitcoin. neil: we're not going to now. >> then i won't mention it. i will say these millennials are the most hypocritical generation we have ever had. they are advocating -- i'm sorry. i'll stop right there. but it has. neil: a few of them watch this show. >> lesson learned. >> bitcoin uses more energy than almost anything else you can think of. and that's the millennials. want bitcoin at the sake face of the economy. neil: maybe that's something about our exciting times. all of this new technology and captivating people. >> yeah, the block chain technology is still in its infancy. bitcoin itself may be a fraud but the technology behind it is not. >> no. it isn't. but i tell you something. and this is what we miss and this is what china gets.

i hate to say it, charlie, is you can't separate technology from the resources. >> why are we watching trump? why is trump on the air? >> you need a tremendous amount of technology to run these computers to run bitcoin. you can't do it. they're not isolated from one another, and that's what we're missing in this country. neil: i want to bring another fella in the mix here. david nixon, former miami marlins president. we want to make you a bitter boomer if you would like to be added an honorary member. but what do you think of this? the president is in florida right now and part of what he's been pitching and saying is that the tax cut will resonate with folks. all sorts of folks what companies are doing is going to be very beneficial. not only the companies who are going to be. but apparently sharing that cast purchase do you agree with that? >> he's got no proof of that, actually. and i'm not a bitter millennial. i can't even relate to bitter millennials. i'm trying to think of whether

i should be bitter and i'm going to wait 6 to 12 months before deciding on my level of bitterness. >> david, it's charlie gasparino here. i covered this. you have nothing to be bitter with. you just sold your team for $1.5 billion; right? >> 1.3, charlie. neil: i don't think you're bitter. >> he corrected me. it's 1.2? >> neil, i own as much of the marlins as you do, actually. so i am very bitter. neil: well, david, would it make a difference? i mean these types of deals that happen all the time. i understand. the president seems to be emanating. we're going to see a lot more activity. marlins activity and all of that. but this is going to be very good business for deals for just companies adding and expanding and doing this stuff. benefiting their workers. benefiting future potential workers. do you agree with that? >> i actually don't. i think deals have their own time frame. and it's sort of like there's a continuum on which deals

take place. and i think this new tax bill is not going to cause more deals or fewer deals. i don't think you're going to see the type of growth that maybe donald trump expected. what i do know is that he needed a victory. and he's calling a victory for himself and the problem is it is a victory for maybe just himself. neil: well. >> the companies, you give companies more money. generally, they spend it on plant equipment and stock buy backs. probably i got that in reverse. >> and salaries. neil: and salaries. >> but i'm telling you. neil: i think you did get it in reverse. >> they do buy backs first. but here's the thing, neil. and i think we should remember this. corporations have a fiduciary responsibility to their shareholders. am they're going to take care of them first no matter what they're doing here. and i think that's the downside by not doing a decent individual tax. what he did was make this big corporate tax and kind of didn't do anything. >> a wink and a nod, and i could be naïve about this. but i think also there was an

understanding among republicans offering this large to ask companies, hey, guys. you've got to really put the pedal to the metal here. putting it all on the line. >> all you'll do is inflation unless you have productivity growth. >> it might be as simple as what at&t and some of these others are doing. >> yeah, but that's not going to expand wages and stuff like that. neil: it changes the mood of a lot of americans. >> maybe these one-time bonuses, neil. i don't know. and if it's done right in the wake of the tax cut, probably not. but if there's -- if there's wage hikes. neil: $1,000 is a lot to people. i know that by one of your lunches. >> come on, neil. that's not fair. that's not true. i do think $1,000 is an awful lot of money. neil: a lot of companies do that, charlie? that could be. >> it's going to change perception. it's going to change behavior. people are going to be more optimistic. they're going to change their habits. >> well, wait a second. george w. bush tried a stimulus plan where he handed

everybody $1,000. >> no, that didn't change behavior. neil: by the way, and neither did barack obama's $800 stimulus. i understand that that in and of itself alone won't be enough. but, david, do you think as far as the longevity of this bull market will be nine years i think in march. next march. this might be a perfect opportunity for people to say sell on the fact. we've been buying on the rumor and the fact that this was going to come to fruition. now what? what do you do? >> i think there could be a tipping point coming. i think it's something we're going to talk about with what vince mcmann's doing. he's going to take advantage of things going on in the market maybe by diversifying from the wwe and maybe starting a rival network to the league of the nfl. neil: the xfl. that's like bringing back leash suits. don't go there; right? >> that did not make a lot of sense to me. neil: it doesn't make sense. >> that's a great line. did you just make that up? neil: i did.

>> it is a great line. neil: it doesn't make any sense. >> yeah, you're right. neil: but, david, do you see that going anywhere? now, in this environment, it's classic for what a business titan would think of doing. but will we see more of that? >> i think it's classic for vince mcmann to try to sort of recreate what he couldn't do in 2001, take advantage of what he perceives is a downturn in the nfl. but the fact is people are okay with the nfl. they're tired of all the distractions and all of this stuff that we've talked about on this show before. but he better get some good players. he better invest a lot more than $100 million. and he better really pick up his stick because $100 million isn't going to get you very far. but it may -- donald trump is showing people that ego counts and twitter followers counts, and this could be the play for vince mcmann, actually. >> i think vince is a smart guy. he's been around for a while. he knows show business, obviously. neil: now his wife's in the administration running.

>> linda is a acquaintance friend of mine, full disclosure. i will say this. the nfl does have some -- i know a little too much about this because i've been doing a lot of research on it. has a lot of problems. a lot of business problems right now. and vince mcmann is trying to create something that fills a couple of niches here. neil: what do you think considering it? >> i don't think he would. >> he knows. but that's what's great about a corporate tax cut. businesses do expand. >> right. i mean, if you believe that the business of the country is business, this is a great environment. and i hope kneel but not for people who want to live longer. you just said we're dying. >> yes. but maybe that will all reverse and maybe going forward if the business of this country. neil: won't have a state tax to worry about afterwards; right? >> i don't have to worry about that, neil. neil: you know what the millennials do? they eat udon noodles a lot.

did you notice that? neil: please tell me where you're going to go with that. >> are they going to live longer? >> no they don't eat enough protein. they don't do anything that's particularly intelligent. neil: you don't share that dismissive view of millennials. >> yeah. i think i am too close to that to share that view. but, you know, i say i'm 15 years away from sharing it. neil: there you go. like a young man. charlie, in the end as the president gets ready to have this vacation, how is the second year going to go? it's probably a crucial year, the midterms and everything else. how is it going to go? >> absolutely. you talked about the nine-year bull market in march. you know, with the tax -- you know, the new tax plan and coming into law, that could prompt some selling as investors reallocate their portfolios. you might even see a correction in the first half of the year. neil: we haven't seen so much as a 5% adjustment. >> we have not. and you could possibly see a

correction. neil: and there's nothing wrong with that. >> what the market will do is pull back and say let's see how this affects corporate earnings. my earnings were supposed to go up with the tax cut. >> they have to go up. they have to go up. >> then the market will go up. neil: but have the markets reflected that, guys, already? >> no. probably not this kind in corporate. neil: what do you think of that, david? have the markets reflected what is the better multiples on this market now courtesy lower taxes. >> i think the people watching this show don't quite believe that. but the people who may not have the extra $1,000 or looking at not did diversifying a portfolio because they don't have one. they just don't see any improvements and they're probably just wondering how it is that the rich will just keep getting richer. so i think it's probably baked in. but i don't know that that impacts as many people as you think. neil: one thing i do wonder about. neil: that is a very good. >> but politically if trump can't get a lot of mileage out of the economy doing more than

marginally better since he got into office when he lessened regulations, it makes me think that his base, which watches our shows a lot, they love him. they love every stupid tweet he puts out. but the rest of the world -- neil: look at this baby. like a lion king moment. >> the rest of the world has gone sour on him. they're just tired of the bs. the economy is getting better now, and it's not working. >> well, it is, charlie, but you have to -- it has to get better for everybody. the $1,000 is a lot of money. neil: right? >> and i even think that $40 is a lot of money because people are so beaten down financially. >> maybe underappreciated what effect that could have. >> i think short-term. long-term, though, we have a lot to worry about. neil: okay. i want to thank all of you. david, it was great for you to step buy. appreciate it. are you guy buy any teams now? are you going to lay low?

>> i think i'm just going to sit here in florida in flip-flops and a tie and wait for your company. neil: you have the life now. notice how he rubbed that in our faces. enjoy new york, losers. wonder why he's not bitter. trish regan will take it to the next hour. >> hey, there, neil. we have president trump arriving in celebrate christmas, hours after he delivered a huge christmas present by officially signing the republican tax bill, into law. i'm trish regan, welcome to the intelligence report. president trump praising companies giving out christmas bonuses and investing in our economy. the president says you will see more money in your paycheck. technically, not everyone. a lot of people will. why do democrats bo crazy over this? do they not want the economy to