company here. it doesn't do anything. we're having insider scandals. [closing bell rings] canary in the coal mine is august 1st. bitcoin cash. cheryl: lee munson. crazy to watch. we're watching pretty good day on the markets. we opened up a lot lower. here we are. david asman. lea gabrielle, take it away. dow ending lower by nine points. s&p and nasdaq settling slightly lower. there are bright spots out there. i'mç lea gabriel for melissa francis. >> i'm david asman. this is after the bell. here is what we cover for you this hour, president trump back at work from the resort in mar-a-lago. preparing to tackle more of his agenda on heels of major legislative win in terms of taxes. what his plans are now and what he plans on accomplishing that.

u.n. ambassador nikki haley issuing a new warning to the u.n., announcing a major budget cut. former u.n. ambassador to the u.n. john bolton says taxpayers shouldn't fit the bill for the u.n.'s ineffective bureaucracies. he will coin join us coming up. border wall backlash. they're facing growing boycott from democratic cities across the country. california lawmakers pushing for pension funds to end investments with these companies. how they are fighting back ç

>> apple today pulling back. there were concerns on heels of a report from taiwan economic daily, a report that basically said shipments for the iphone x will not be as many as expected. some who were bullish hey, the shipments are going to continue into the spring. so don't slow down but in the meantime we did see apple get a little spooked. that was down 2 1/2%. all suppliers went along with it were also to the down side. oil, 59 . 76 right now. that got to the $60 a barrel mark. that is a big deal. we have not seen that in 2 1/2 years. with that there were some psychological issues crossing through there, there is was concern about supply, libya, pipeline that moved oil. last but not least, bitcoin, everybody is talking about it over the holidays. i don't know in your home, folks, everybody is asking about bitcoin. last week lost about 25% of the

value. very likely to be very volatile. itç is exposed possibly to "flash crashes." we've seen it. see where it is. 15,820 is where bitcoin is. of course it touched that 20,000 mark at start of beginning of the year at less than 1000. be careful on that one. back to you. lea: thank you, nicole. david: financial firms are more optimistic about the new year. wall street analysts are revising their economic growth estimates, higher after the tax reform signing. goldman sachs raising outlook by .3% of 2018, still under 3% to 2.6%. jpmorgan also raising its outlook by .3% to 2.1% for the year. let's bring in today's panel. to react, gary kaltbaum from kaltbaum capital management. he is fox news contributor. jason rotman from lido isle advisors. when you have three quarters of 3% growth, plus you present a

major corporate tax cut, it looks like to predict less than 3% is low balling. what do you think? >> plus you have central banks effectively at zero. plus the unemployment rate is down. plus the wealth effect is up. i think we're going to be in the threes.  be the debt and deficits that continue skyward, that one day the market wakes up, my goodness gracious but so far so good. speaks for itself seeing on retail numbers heading into the end of the year. happened at the first of the year, reagan tax cuts that didn't kick in until 1983, gdp growth averaging 4 1/2%, over one, two, three, four, five, six year period, 4 1/2% average. >> exactly. tax cuts are one thing. corporate taxes loafer, -- lowe.

the other factor that wasn't as much factor in the reagan years, the hundreds of billions of dollars that could come back from the repatriation. that could be buybacks reinvestment here in the usa so we're seeing effects right now. housing starts, retail sales, that are actually showing that something is working economically and there is not a lot of fear in the marketplace. americans, i think there is going to be continued rally heading into the first quarter. we'll see what the environment looks like then. david: gary, i don't want to be pollyannaish, there is something you didn't foresee. is there anything that worries you about 2018jez terms of growth? >> well, there is a couple things, debt and deficits. 21 trillion in couple months. we're heading much higher than that also politically, you know if we have an indictment of consequence that could be news very big way and going forward. i got to till. spending an economy, spending an

economy is how people feel, how businesses feel and everybody i speak to feels a lot better than companies and corporations, i speak to, are loving life right now. not just on the tax part but regulatory front. david: great to love life. jerry, jason, panel will be back with us. lee. lea. lea: etfs are up more than 8% last month. fox news's anita vogel on the big win for retailers that isn't over yet, anita. >> if you spent more than holiday shopping planned this year, you're not alone. fueled by high consumer confidence and robust job market, shoppers gave retail sales a big boost. rising 4.9%, fromç november 1st, through christmas eve, the best numbers since 2011. predictably e-commerce dr%ve many gains, rising more than 18

years, and big sales are not over yet. >> amazon has the digital day, like another buzz worthy day, to get discounts for people that are prime members. a lot of digital merchandise from books to camcorders. >> but there are also big gains among brick and mortar retailers this year, shoppers visiting stores at fast teft pace since the great depression. >> shopping is definitely relaxes today. i'm having a good time, despite the crowds, but shopping part is fun walk around, have a little fun. once the storm is done at home, we come in here for a little relaxation. >> week leading up to christmas, often makes up more than 20% of traffic through the season. full weekend leading into the holiday, retailers say they last plenty of last-minute shoppers this year. >> there is hardly any parking available. people are everywhere, carrying bags. they're not just looking around. >> big holiday numbers, come after a tough year for retailers

that saw more than 50 bankruptcies, including well-known brands likes pay lesç and toys "r" us. in los angeles, anita vogel, fox news. lea: anita vogel. thank you. the panel is back now with us, tomorrow we get new consumer confidence numbers. retail sales tell us the story. we're seeing low unemployment. growing economy. are you surprised by the retail numbers? >> not at all. higher spot prices and jobs are plentiful with wages starting to tick up equals feeling better about your spending and spending habits feed on itself, and you're seeing it across the board. starting with online. bricks and mortars. strongest spots in the markets right now, are believe it or not gap stores and companies like that. it is speaking for us itself i think it continues into the first part of the year. lea: jason what is your

assessment. are people already seeing or spending money on expectation of more money in their wallet because of taxes next year? >> you know i wouldn't say the expectation -- i would say the expectation part is maybe 20, 30%. i think other 70, 80% is honestly what already happened. people have been able to for example, refinance their mortgages this year. instead of paying 2000, they're paying 1700, where doesç the extra 300 go, to christmas gifts or gap? they're spending it. as far as any concerns fierce, it will be interest rate issue, if interest rates stay relatively low, we have bang up year to the upside in the stock market. if we see inflation start to creep in and the new fed governor feels the need to raise rates a little more than the market expects, that is really what i want people to watch, what are interest rates going to do. lea: we will have to see. thank you, gary and jason. >> thank you. david: there is strong reaction from the left over the passage of tax reform.

rosie o'donnell telling paul ryan he is going straight to hell. bernie sanders lashing out against the president in a twitter war as well. have you heard what someone sent treasury secretary steve mnuchin? oh, well, more on all this straight ahead. lea: u.n. ambassador nikki haley issuing a new warning to the united nations announcing a major cut to u.n. funding. former use ambassador to the u.n. john bolton praising the move saying u.s. taxpayers shouldn't be on the hook. he will join us. david: president trump slamming the fbi second-in-command, andrew mccabe in series of tweets. mccabe reportedly set to retire early next year. more on what that will mean for theç agency. accusations of bias and the embattled russia investigation. >> it can't go fast enough. anybody that has that much disrespect for the republican party, for the president of the united states, this goes way

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here from the white house blake burman. reporter: over the weekend the president took aim the fbi take be issue with the deputy director andrew mccabe n a couple of tweets the president said over the weekend quote, how can fbi deputy director, the man in charge and leaking james comey of phony hillary clinton investigation and including 33,000 illegally dee deletedç , be given $700,000 for wife's campaign by clinton pups during the investigation? mccabe's reported retirement reported by "the washington post" in upcoming months, potentially in march. attorney general jeff sessions has instructed the department of justice to look into separate matter, that being the handling of project casandra. this is the program that tried to take aim at at the narcotics

trafficking by hezbollah. according to a report in "politico," agencies in the obama administration tried to stifle the investigation so it would not derail the administration's attempt to secure the iran nuclear deal. sessions called this, quote a significant issue. back to you. lea: blake burman, thank you. david: here to react, brad blakeman, former senior staffer to president george w. bush. let's start with another trump tweet, if you don't mind, brad. he has been hot on the trail of what has happened to mr. mccabe. he says, wow, dossier is bogus, referring to the trump dossier. clinton campaign, dnc-funded dossier. fbi can not after all this time verify claims in dossier of russia trumpç collusion. fbi tainted and they used this "crooked hillary" pile of garbage as the basis for going after the trump campaign. now that is a mouthful, forgive me. at same time you have to

mr. mccabe himself according to fox news and some of our, some of our targets inside of that room listening to his testimony, he stood by the trump dossier. what is going on? >> i think president is right. there is something terribly wrong in the leadership of the fbi. the dossier is one part of it. how about the fbi agents, supervisory agent who has disparaging texts to his girlfriend about the president? the leaking of the dossier, the dumping down of clinton report to prevent her from being indicted. there are terrible, terrible things happening within the leadership, not the rank-and-file. that is why i think you're seeing this supervisor leave. because he knows he can't stand the heat by sticking around and he should have been gone long ago. david: but standing by the dossier. >> of course. he has no choice. david: when was asked to corroborate what in the dossier was true, the only thing he came up with that carter page, trump

worker in the campaign, went to moscow. that's it. that is the only&ing that he could corroborate. >> he has no choice. he has to stick to it. by the way he is not going to be held to account unless, when leaves the fbi he is hauled before congress again but he thinks by exiting he will free himself from any further controversy. he may be wrong. david: also he was asked specifically if he knew anything about hillary clinton campaign paying for the trump dossier. he said no, even though there are documents that have his signature on it that verify that he knew that the hillary campaign had been paying for it. >> that is why there is something very troubling within the leadership of the fbi. congress has duty, the constitutional authority to oversee the operations of the executive branch in this regard. david: right. >> they should be doing it and they are. david: in fact the house intel committee will be talking to bruce ohr, you might remember bruce ohr's wife worked for fusion gps which helped put

together the trump dossier. now we have word that the fbi's general counsel, james baker, was the source for "mother jones" dave corn report, david corn was one of the first journalists to come without the trump dossier and he was getting it directly from the fbi. >> isn't that something? you talk about convenient memories o$o trying to rewrite reports. the fbi at the senior level has got some real problems. i think comey was up to his eyeballs in it. that is exactly why the president let him go. david: i want to switch to sort of related subject which is project casandra, which blake burman was talking about at the white house. in fact, it does appear that there was evidence that the obama administration pulled law enforcement away from some very interesting research that they were doing on exactly how it was that hezbollah and iran were laundering money all around the world, in favor of terrorist organizations. that research was pulled back.

the rug was pulled out from under the law enforcement agents by the obama administration because they're worried about the iran deal. what is the follow through on that? will we have new investigations on that? >> i think absolutely. this is something that congress also has to take up, and investigate. how is it possible that the president was so desperate to make a deal with iran, that their client, if you will, hezbollah, that of iran, the funding source of terrorism was basically given a free pass. this stinks from the top to the bottom. this is exactly why congress has to look into it. it should be bipartisan, people should be held to account. david: will the fact that what happened withç project casandra is so troublesome, will that any effect on iran deal. that is still kind of in effect? >> every six months or every 90 days, this deal will be looked at. it should be looked at with a fine-tooth comb. the president is right. it is not worth the paper it is written on. it allows iran to increase and develop its non-nuclear missiles

and armament to terrorists nations that separate and apart from the iranian deal. the iranian deal should be canceled. i think the president is biding his time, getting evidence together. sooner or later, they also will be held to account because this deal was not worth it. david: right. >> the president was desperate. apology and appeasement doesn't work whether in north korea, iran or with the russians. david: you know, brad, the thing is, the same people put iran deal together are still in the state department. it is kind of like the deep state in terms of the fbi and the justice department. you have the same kind of thing that was going on in the state department. a lot of those bureaucrats are still around. i wonder if they would actively try to subvert the policies of donald trump? >> they better not. the president is in charge of the executive branch. that includes every agency within his direction. they should have a housecleaning. not only in the state n the justicehe state department and every department that has gone rogue. we've seen that happen under the

obama administration and now you're seeing it as part of the resistance to president trump. david: wondering how difficult it is to get rid of these people. it is almost impossible to fire a bureaucrat. can you at least move them away from powers of importance? >> absolutely. i don't say it's, i don't believe that it's that hard to get rid of people. let them take us to court. sue us. good luck. we'll provide proper evidence to show they serve at pleasure of the president. he is in charge of the executive branch. david: brad, happy new year to you. >> thank you. david: lea. lea: despite a majority of americans getting a tax cut. the left is blasting the gop. you won't believe what they're saying this time. nikki haley announcing major changes at united nations, budget cuts, streamlining international body in interests of of of the american taxpayer. john bolton joins us tonight.

>> as far as nikki haley has done, it is terrific. about to send a message to the u.n. which has become a place of hate when it comes to the united states and israel.ç

>> the united states will remember this day, it was singled out for the very act of exercising our right as a sovereign nation. we'll remember it when we are called upon again to make the world's largest contribution to the united nations. we will remember when so many countries come calling on us as they so often do, to pay even more, and to use our influence for their benefit. lea: following through, u.n. ambassador nikki haley announcing 285 million in cuts to the international body's 2018-2019 fiscal budget. our next guest thinks that is theç right direction, with an

op-ed how to defund the u.n. john bolton, former u.n. ambassador and fox news contributor. nice to see you with you ambassador bolton. >> nice to be with you. lea: do you think it goes far enough. >> what is happening here disconnected from the jerusalem vote. this end of consideration of the 2018-2019 process. these cuts are unclear. it is unclear according to the math are substantially greater than what the europeans asked for. look any cut of this magnitude in either peacekeeping or u.n. budget is a good thing. i think what the trump administration do now, beginning on january 1 look systematically across the u.n. system to see what agencies perform, what agencies are overfilled with bureaucracy, frankly what agencies we can withdraw from. as we just announced for the second time that we're withdrawing from unesco as is

israel. and so it is, certainly the budget numbers are a problem, but in many respects they're the symptom of a greater problem and that is the ineffectiveness of much of the u.n. system. lea: sir, you sound like you think what is going on isç fai. what do you think the actual concrete effect of this particular cut? >> well it is hard to say just from the available information. this happens every year at the u.n. the budget gets adopted at the very last minute. u.n. ambassadors hate dealing with the budget. you know it is massive and we do high policy at the u.n. -- math. it was not surprising adopted 10:00 on christmas eve or something like that. it could simply be a top line cut. it could reflect programs that have been phased out. it could have more significant effects. i hope that is right. we just need more details than we have publicly available at the moment. lea: let's take a look look at 2017 u.n. budget, put it up on the screen for viewers to look

at. u.s. is largest contributor to the u.s. budget at 22% for 2017. france made up 4.8% of it. germany 6.3%. ambassador bolton do you feel wealthier countries should be contributing more? >> that is one way to do it. i would propose something i think that will have a greater effect. i would give up the system of international taxation all together, this assessment based on percentage of budget that weç pay. i would simply have the united states on its own say, we're going to contribute to the programs we think are effective. we'll not contribute to the programs we don't think are effective. if others disagree with us, they could increase their contribution. now, this is contrary to the practice that has been followed for many years. it could build up our arrearages to the u.n. system. it could cost us a vote in the general assembly. i say it is well worth think. if the united states said we're not going to play this game

anymore it, would have a tsunami-like effect on the u.n. system. i hope that's one option the trump administration would consider. voluntary contributions would make the u.n. a more effective, more efficient organization. other countries might actually come to see that. lea: do you think that if the u.s. did move to voluntary contributions if we made that unilateral move other country would follow suit? >> i definitely think in japan. in countries that are tax-paying democracies, everybody would stand up to say, if the u.s. could do it, why can't we? my answer would be, absolutely. you should do it too. if these programs are so valuable, and it is the united states that is blinded their value, surely other countries will step up and voluntarily increase their own funding, right? lea: wellç that is probably tr. i want to ask you though, about president trump saying that he would cut funding to countries that voted against the u.s. and decision to move the embassy in israel. ambassador haley echoing that.

you know, most of those countries we talked about, the u.s. has an interest in sending money to those countries, do you think that was a good strategy are to the president to make that kind of threat, something that he probably can't deliver on? >> well, i think you can deliver on it, going back to the time i was at usaid in reagan administration, we looked at series of million dollar votes that we would say on this vote we really want you to vote with us or it will cost you a million dollars of your foreign aid program. we couldn't convince the state department to do this. but you have to send a signal one way or another. i do think that rather than extract the pain in bilateral foreign assistance, going after the multilateral forum where this outrageous behavior takes place is actually more productive. but that will have to be debated as administration looks what to do. nobody should underestimate this vote in the general assembly and the one earlier in the week in the security council against

america, this wasn't against israel, this was againstç us, s an act of just unbelievable folly by the people who pushed it and voted for it. lea: ambassador bolton, thank you for your time today. >> glad to be with you. david: don't understand why people keep paying other people that keep punching them in the nose? doesn't make any sense. things are going to change. new year, bringing new goals for president trump. does that mean he will break ground on the wall along the mexican border. not if democratic lawmakers can help. what they are doing to curtail that process coming up. lea: fixing america's ailing bridges and roads will mean give-and-take from republicans and democrats. can they get it done and at what price? that's next. >> you need nancy pelosi and chuck schumer to actually come up with something that they want to do. question for conservatives, really is, where are you going to get all of this money to do infrastructure.

lea: u.s. issuing new warnings to two senior north korean officials involved with the rowing nation's weapons program. we have fox news correspondent rich edson. rich? >> good afternoon. while the president enjoys what the white house describes as a working vacation here in south florida his administration is increasing pressure on north korea. the treasury department announced it identified two individuals, sanctioned them involved in north korea's illicit weapons program. the treasury is targeting leaders of north korea's ballistic missile program as part of our campaign to isolate the dprk, and achieve a fully denuclearized korean peninsula. that follows friday's united nations security council resolution that targeted some officials in north korea. this is part of the u.s. effort

as well to isolate the north korean government and get them to at least stop launching missiles and developing its nuclear program. the president himselfç taking advantage of not being in washington in its cold weather today, playing golf at trump international with the georgia senator david perdue along with pga tour player bryson desham bow and, dana quigley. he said based on the fact that the very unfair and unpopular individual mandate has been terminated as part of our tax cut bill which essentially repeals over time obamacare the democrats and republicans will eventually come together and develop a great new health care plan. republicans tried replacing obamacare earlier this year and were unsuccessful in those efforts. the white house legislative director says president trump, after leaving here in south florida, will go to camp david early next month. the first weekend of next month, discuss the legislative priorities and agenda with republican leadership there.

expected to be among those discussions will be talks about constructing an infrastructure plan. democrats have said they're willing to work with the president on infrastructure, though details of that plan right now are unclear. back to you. lea: a little golf and talking bipartisanship. thank you, rich. david: he is working though. here now to react, james freeman, assistant editor of "the wall street journal" editorial page and contributor. so, james, looks like the president wants some kind of a bipartisan deal, right? >> on infrastructure and there's reason to be concerned that he may get it. i think since time in memorial -- david: it will cost us taxpayers? >> this is the question. politicians like to spend money. the white house is talking about maybe a trillion dollar plan but only 200 billion of it, our money, get the private sector to invest the rest. naturally you asked -- if the private sector is willing to put in 800 billion, why not the full trillion? that is where you want to see incentives that aren't there

today. david: right. >> i think private capital is ready to invest. how about making it so you don't need to go through five years, 10 years of environmental reviews and other permitting red tape issues before you can build a road or bridge? david: all right there are some democrats who have voiced support, or at least tentative support for a by partisan deal. debbie dingell is one of them from michigan. let's listen to her. >> i will work with donald trump on anything that helps the working men and women of my district. yes, i will work with him on infrastructure if he will work with us. david: if he will work with us. what does that mean? and what other democrats would like, they would like to say to union voters look, we're putting money into infrastructure so you will have jobs making roads and bridges but of course many in her party also want to say to environmentalists, don't worry the red tape will be massive to prevent any stray snails from being harmed in the making of

this road. so i think you hope that washington would learn from the obama stimulus of 2009 where we had a big spending blowout. over 800 billion. didn't get a lot of roads and bridges. this is part of the problem. you can't spend the money you need process where people create infrastructure we need. david: there is a political problem as well. the president obviously wants this. he thinks it will look good for republicans going into 2008 to have some kind of a bipartisan deal. they haven't been able to get anything bipartisan, that it would look for republicans so i thinks the president. however if it is good for republicans in 2018 why woe democrats do it? democrats don't want to help republicans in any way in 2018? >> this is the salvation for taxpayers. if you're worried aboutd bigby partisan plan on infrastructure we may or may not see years from now, it is possible that the whole resistance idea will

prevent democrats from working at all with the president. this deal may not happen because they decide, look, they are invested in his failure, and so that could be the reason -- david: are you like me? do you like it when there is gridlock? i love it when there is gridlock, they get nothing done, it means we pay less usually. >> look the constitutional design was done in part to prevent a lot of big, new initiatives from happening quickly in government, right? sometimes you want the brakes to be put on an idea if it could end up causing a lot of harm. this is, you know this is area of danger for taxpayers. david: the founding fathers were very worried about politicians all agreeing on something. that usually means taxpayers have to foot the bill. >> bipartisanship can be overrated. david: james freeman. good stuff. lea. lea: david, united airlines under fire once again. an angry customer is demanding an apology from the airline

because after dispute involving a u.s. congressman. the fallout next. david: rosie o'donnell's, one of james freeman's biggest stars, slamming speaker ryan over taxç reform, even telling him he is going to hell. kirsten haglund is answering that, after a break. ♪ accumulations up to 8 inches... ...don't know if you can hear me, but [monica] what's he doing? [lance] can we get a shot of this cold front, right here. winter has arrived. whooo! hahaha [vo] progress is an unstoppable force. brace yourself for the season of audi sales event. audi will cover your first month's lease payment on select models during the season of audi sales event.

david: even with tax reform that is not the issue, yet speaker

paul ryan sent out a christmas tweet, quote, at the end of each year no matter how short or long may feel there is always christmas, waiting for us is that sense of wonder the shepherds felt when the angels appeared in the night sky to herald the birth of a savior. to which rosie o'donnell responded, quote, paul ryan, don't talk about jesus after what you just did to our nation. you will go straight to hell. you screwed up, fake altar boy. here to react kirsten haglund, a conservative commentator. kirsten, i can't believe that rosie o'donnell's tweet in answer to paul ryan's totally non-political message about christmas, it will be taken seriously? >> it is completely ridiculous, david. especially a time of year we're trying to chill and relax with our families and enjoy something none political, right? let's keep it thatç way. what is so eminently ridiculous

and honestly frustrating, did rosie o'donnell read the tax bill? i wonder if she did. she is going offnancy pelosi's very heightened rhetoric and hyperbole, describing the tax bill a apocalyptic, et cetera. everyday americans who will actually be benefiting very much from this bill in the thousands of dollars, 9,000 dollars cumulatively over the next 10 years, are just hearing this, thinking well, gosh it must be a horrible bill and we're not getting the truth. david: don't let the facts get in the way of rosie o'donnell argument. one person that is political, he didn't make any bones bringing apogees's name, bernie sanders who said the following about the tax bill, he sent this out on christmas eve. he said what we could do with the 1.5 trillion, how much a tax cut supposed to cost, make college tuition free, provide universal preschool, repair our

crumbing infrastructure, fund chip for 10years. rebuild puerto rico. what republicans did, give tax break to the wealthy. we could pick that apart piece by piece,ç what gets me the bernie sanders is the flag bearer for the democratic party on taxes. >> he absolutely has. what is interesting for republicans to note, especially going into the 2018 midterms this is the standard-bearer for the party. this is how left democrats are shifting. republicans have the opportunity to hold on to the lower and middle income class voter they did so well with in 2016 and you know, that the democrats might cook their own goose going into the overselling on very, very far left message. david: are there no democrats by the way who might be bothered with a socialist being their standard-bearer? >> many will, but they're trying to read the tea leaves, aggressively passionate and enthusiastic groundswell of

young people and grassroots support that bernie sanders got in 2016. so they're torn. a lost commentary talking about the division within the gop but they have kind of wrapped up their act and got it together the end of this year. it is really democrats who are divided, trying to figure out an identity going into the next year. one of the reasons why they're being more keen on bipartisanship. that might be a good thing. david: you talk about young people, it is interesting, harvard came out with a poll onç millenials they are now the largest single voting bloc by age, they vote two to one for democrats, they are particularly drawn to bernie sanders. are they excluding, have democrats given up on older folks? >> you know, in a lot of their messaging unfortunately seems like they have. but i think that young people right now, if you see them grow up, as you see, hopefully, fingers crossed, but as you see them kind of move into the next stage of life, winston churchill said very great, if you're not a

liberal by the time you're to, you have no heart. if you're not a conservative by the time you're 40 you have no head. as young people go up and move into the economy and what the world holds for them you see a few more coming from the other side. david: i am glad you quoted churchhill. i wanted to see the movie over the holidays. i missed it unfortunately but will try to see it over weekend. kirsten haglund. great to see you. >> great to see you, thanks. lea: an angry passenger is demanding a formal apology after she claims united airlines give her first class seat to congressman sheila jackson lee. united mistakenly thought she canes he would the flight to d.c. and she was given new seat ofç and $500 travel voucher but not apology. united upgraded jackson automatically, not because she is a member of congress. the congresswoman said she didn't ask for anything exceptional or out of ordinary. david: lyme sure congresspeople

don't do that. yakking on her phone. building the wall not without a lot of controversy. how hopeful contractors fighting back against democratic boycotts to helpful fill one of president trump's original campaign promises. that's next. is this a phone?

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lea: border wall backlash. companies competing for the chance to work on one of president trump's campaign promises are facing boycotts from democratic lawmakers. efforts launched in california, arizona, illinois, and rhode island trying to prohibit any official business with companies part of a larger resistance strategy to delay the construction of the controversial wall. joining me to the senior executive director of public affairs for agc, associated

general contractors of america. nice to see you, brian. >> thanks for having me on. lea: thanks for being here. so your organization is calling on attorney general sessions to sue these states that are trying to boycott the border wall. what are the legal prospects? >> the legal prospects are quite good. what these communities in certain states and what these states are attempting or have already done is quite clearly illegal. the constitution with the supremacy clause is quite clear that state and local government can't take actions that undermine the federal government. we set this up so that the federal government would in fact have the ability to execute laws. and, included in that, state and local communities can'tç discriminate against contractors or their employees who are working on federal projects. that is exactly what happened here in these states and in these communities, that have passed or are contemplating passing laws to to discriminate

against these firms. lea: talk about specifics of the boycotts. berkeley is one of the areas. berkeley's city council approved an ordinance. we can put up a screen for our viewers. berkeley city council approved an ordinance banning companies involved in the construction. she says the wall would harm california's prosperity. earlier this year three democrat state senators introduced a bill that would require california pension fund to divest from any company building a wall. the local governments say we don't want the wall. we'll hit contractors involved wit, where it hurts. if these measures were to pass what would be the real impact to the companies that you represent and ultimately the people? >> in some cases these measures have passed and the impact is quite real, that the army corps of engineers tells us were not thrilled with number of firms submitted proposals to work on border wall. more recently the army corps puç out solicitation to repair

existing parts of the border wall. they have zero contractors responding. we have member, reasons of being afraid to discriminate against, told us they decided not to bid on these projects. these are contractorses worked on the wall in the past. these illegal actions by these communities and illegal proposals by the states are undermining a key trump administration proposal. but even -- go ahead. lea: there is a proposal in l.a. that is under consideration that would basically require companies to disclose if they're involved in building the border wall but wouldn't necessarily penalize them. do you see that as discriminatory and unfair? >> absolutely, especially when the councilmember who has proposed that legislation or that bill has been quite clear that his intention is to out these companies to make sure the city does not do work with them. their intent is to undermine the federal government. this is about more than the wall project. this is about whether or not you support the constitutional right

of the federal government to have supremacy, or okay for city officials, state officials to pass laws deliberately intended to under mind what the federal government is doing. imagineç if you get a antiwar governor, he decides this state will not do any work with contractor building a va hospital? lea: the biggest problem the federal government will have figuring out where the money comes from. we'll see where they get for it. thank you, brian. david: mccarthyism, that is exactly what it is. everybody is running to the see the latest "star wars" movie but you're not going to believe where one screening took place. details to come.

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>> well it may not have gravity but the force is with them, astronauts in the international space station were treated to a screening star wars the last jedi this over the holiday weekend. >> disney sent the film using up link from nasa's johnson space center in houston and engineers tweeted space station movie

night complete with bunji cords, chairs, and a science fiction flick. david: you've got to be strapped down up in space. that does it for us risk & rewards starts right now. >> the results are in 143 million, yes, 143 million americans are going to get a tax cut under the new gop tax reform plan. now, this is according to a new study by the non-partisan tax policy center. the main middle class brackets those in the 50,000 to $75,000 range will see an average tax cutoff almost $1000. it's your money, and we have the latest. welcome to risk & reward i'm adam shapiro. capping off a terrific year for many investors the best gift would be of 2017 did not come to an end. the dow is up an impressive 25%. it's the best annual performance for the dow