a record year for the market. a big year for mornings with maria with the ratings. we love you guys. amy holmes, michael bloch, jack brewer, happy new year to all of you. cheers to charles payne. >> thank you very much and happy new year's. fear of sounding like a broken record, hewit here it is again. we had another new record. the closing opening bell is just 30 minutes away. let's face it. we are coming back to a very busy day. the market is up. washington d.c. will be in full swing and they continue with this anti- trump kabul at

the fbi. he wants more documents for the question we have on tuesday is will he actually get them. also in 2017, was trump treated unfairly by the media. we have steps to back that up. and causing controversy overnight, 37 reasons how white people ruined this year. stay tuned. the last party in company of 2017 starts right now. ♪ ♪ ♪ alright folks, that is a live look at times square and it promises to be very cold there to start the new year. as adam said, once you enter time square, there's no getting out. it's going to be a lot of fun for the new year. for everyone who does, have a great time. when i look at the equity

spread we had a nice close to yesterday's session. we been gathering some steam this morning. stocks in record territory. i want to bring in keith fitzgerald. it's just one day, let's have some fun with it. the dow 25000. can we get one more spurt to the finish line? >> it feels like we are so close. i think traders find it very appealing. it's alluring. i think we will hit it but just. >> as we go into the next week, i think there are some smart buyers. the buyers started yesterday around 1:00 p.m. and it gained a lot of momentum in the last 30 minutes of trading. everyone anticipates 2018 will be a good year end i'm a little concerned but i like when there's a lot of bears out there and grumbling out there. doesn't concern you that there is so much optimism going into next year? >> absolutely. if everyone is on one side of the vote you want to see what's on the other side. that's a concern.

i will think the market will narrow down and headlines will drive a lot of that. fundamentally, corporate earnings are still good. as long as those numbers are coming up, that drives prices longer terms. >> to me a favor. stay right there. president trump is tweeting a lot including about his approval rating. adam you have that tweet. >> yes. i'll read it for you. it's quite remarkable for the president said, while the fake news loves to talk about my so-called low approval rating, at fox and friends just showed my rating on december 28th 2017 was approximately the same as president obama in 2009 which was 47%. this, despite massive negative coverage and russia hoax. he had a lot to say and i'm sure we will be talking about it. >> there are a whole bunch of polls. that was one of the few that called the presidential

election right. pulling in general has had a black eye for various reasons including for being very wrong and very biased over the past few years. buzzfeed getting slam for an article on its site called 37 things people need to stop ruining in 2018. come on in. how offended are you? >> i'm not personally offended because i know what buzzfeed is and what they've always been. this is par for the course for them. it goes without saying if i had written an article at the washington times with 37 things, insert your racial or ethnic category in this headline space, i would be fired. normally anyone would be fired. this author, no disciplinary action because she did what buzzfeed wanted her to do which is to get attention and get a lot of clicks. here's the problem.

comcast injected more than $400,000 into buzzfeed and are slowly taking over. thathey really miss their mark earning wise. comcast put a lot of money into buzzfeed and i don't know what they've got at this point. >> can you say something else with respect to the left and where media coverage is? i know a lot of whit white people have said were the last group of people in america you can make fun of and openly have disdain for and this is in the same week vanity fair comes out to do a parody on hillary clinton and immediately had to apologize despite the fact that there was some truth layered into that. >> it's a great point, you're right, but i don't want to stand up and say what was me, i'm a white man and i get persecuted in this country because sadly you dance the line along some of the white national rhetoric you hear

cropping up. i've watched you plenty of years charles. i think you and i are in the same mind which is that a person's skin color is completely irrelevant. it's a ridiculous topic to focus so much attention on and i thought we had turned that corner, but here's the important thing about buzzfeed and how they get attention by doing things like this. it does have an influence on social media. it gets people riled up and angry. that's not good for our culture and our national conversation. >> the notion that we have to be so outlandish to get the click. what if this was at a comedy club? what if the comedian came on stage and said that. would that be the right environment? >> yes, i know. by the way, what's wrong with our mac & cheese? let me go back to your first

question. that's what offended me. i had some nice lobster mac & cheese with truffle oil and it was beautiful. >> i hear you. it is right that these sort of things, they're out here in the open. people share them but they're also offended. it says something about where society is going. i think there's some cautionary signals that go along with the. >> yes and no. it's not real life. it social media life. it's designed to get clicks, get people riled up on facebook and twitter. that's how they originated. yes, it gets people outraged and worked up but it's not real life. i think there is also diminishing returns in that business model. a lot of us who have been working in internet journalism, i've been doing it for over eight years now, we realize we turn the corner on just getting clicks from social media and click paste headlines. that's what this is and i don't think there's a future.

>> are the democrats can be in high gear after the new year end continue to focus on russia, but how is devon nunez blasting the department for its ability to fully produce. we are talking about these documents regarding the anti- trump dossier. >> it's interesting. if we were doing our predictions for 2017 at this time last year end you told democrats that would be a special counsel appointed to look into collision with the russian halfway through the year, i think they would be thrilled. if you told them by the end of the year the only major headlines were two indictments of people who we basically already knew had some problems , paul manafort and mike flynn, and beyond that, most of the revelations were damaging t the politiced fbi under barack oma and damagi to the imag inviduals in the fbind the clinton s scandal

paid for that dossier, they wouldn't be quite as happy. the major news has not helped the democrats in the long run. meanwhile every american 4o1k is at least 20% richer right now. as long as the president in the white house can focus on that and not get distracted, i think the presidency will continue to do well. >> i think you're right. by the way, i like mac & cheese with lobster and truffle oil. have a great new year's. >> you two. >> i want to get back to the economy. president trumps next big thing is the interest structure package. you think most people will do well with a trillion dollars in taxpaye break. what about infrastructure spending? how does that impact the overall spending. >> it helps the demand side and the supply side of the

economy. it creates jobs and stimulates economic growth and by creating info structure you're creating more capital and helps the supply side of the economy. >> you have a couple issues her here. you have fiscal conservatives who won't want to do any deficit spending and then you have democrats who won't want private capital and then it seems like if they articulate this the right way, you can sell this as a progrowth, pro- jobs deal. >> i think that's right. the only problem is you have to find a way to pay for it. here are the options. you can have tolls on roads and you can increase the gas tax or increase deficit. >> what about the private sector helping? >> that would help. i think president trump is looking for something like a 4 - 1 match where for every dollar the government provided the private sector would provide for. there would have to be tax

incentives and there's still that big issue of where is that $200 billion going to come from on the federal side. >> what about the political pushback? how did democrats, who have argued for many years, i think there will be major issues in new york where there's potholes everywhere, how do they pushback on this completely? when they be okay with spending $200 billion of federal money? >> there was a time when you are investing in capital that would be durable like roads and infrastructure, and what you don't want to have happen is have these decisions on where to invest based on politics. you want to do cost-benefit analysis and get the most for your money. >> okay. i have to let you go. will get and assessment on how the tax bill is doing next time. i appreciate your expertise. come this time next week it's back to business on capitol

hil hill. one of the first order of business, going after the fbi and what has been called the anti- trump cobble at the department of justice. we will be all over that. less than 30 minutes away the stock market will open. the last trading day of 2017. peter reese he, one year ago not overly optimistic. listen. >> trump is not inheriting a great economy. it's going to be tough for him to improve initially because it will be very difficult for a team that doesn't understand washington who will be out of its element to get a tax cut through and get deregulation rolling given the bureaucratic quagmire involved

quick check of the equity futures, the dow is now up 80.

will probably open up 30 points higher but that sets us very close to 25000. meanwhile apple apologizes after admitting slowing down iphones. apparently they will cut the cost of battery replacement. >> yes, they posted an apology on their website yesterday. in january, the price of replacing a battery will drop from $79 down to $29. you have about a year to do it because that will go back to $79. there will also be software to tell you the health of the battery but missing from this is software to stop apple from slowing down your device. they said they didn't do this to force people to buy newer iphones, but that is there apology. >> i don't think they've changed anyone's mind. i think people think they did it on purpose. >> they gave tim cook hundred million dollars in cash. they have to do this some way. they have to sell more phones

and bring home the bacon. >> devon nunez is blasting the department of justice and the fbi for its failure to produce documents related to an anti- trump dossier. come on in congressman, a republican from texas and member of the house judiciary committee. what is your reaction? they need to find a way to police and investigate the fbi and department of justice. >> i've been asking for special counsel since the may, june area. i asked the president back in june, you really need to appoint a second counsel. he said can i do that. i said absolutely. they get their power from you directly. you have the power, but they're not going to be able to adequately investigate themselves. they need an outside source and jeff sessions is in a

tough situation because since he has recused, it's tough for him to step in and say here's what you're going to do about this, that the other because he's recused, but hopefully he is going to say i'm recused on the subject matter but i will tell you this, you either get congress the documents or i'm going to get somebody else in your position. he has got to do that. i can tell you also, i begged, for eight years, the last administration to give congress, and we made the formal request, give us the documents from the terrorist case in the holy land trial. when you've given them too terrorist, i think you can give them too congress. >> what do you make of that, speaking of the last eight years, the notion that we have a constitution and our founding fathers had the wisdom to set up a power-sharing structure and it

feels like, i hate to say it, but congress has become almost irrelevant. the last administration that. >> we let that happen. >> you let it happen. hearing after hearing, it was so dismissive, their answers and their smugness and it even carried over to the right. now it's a struggle to get information that the american people want and to get justice. >> the congressman from louisiana told me he was talking with some of the core engineers. they do an outstanding job but when you have not been legislating specifically, our fear of having things called and earmarked has caused is probably the worst eight years in our history to do this. here administration, here's all your cash, you decide where it goes. the core of engineer guys said

we don't care what you think because you don't really affect us, we just say here's a cr, will keep sending money and the administration that it's got to change now. >> stay with us. we will have more in just a few moments. want to talk again, will focus on the tax bill because i've done but we do have the big question come the new year. the overall optimism, can it be sustained? does it hold, not even on the markets but in politics in general, can things get better? that's next you owned your car for four years. you named it brad. you loved brad. and then you totaled him. you two had been through everything together. two boyfriends, three jobs... you're like nothing can replace brad. then liberty mutual calls... and you break into your happy dance. if you sign up for better car replacement™, we'll pay for a car that's a model year newer with 15,000 fewer miles than your old one.

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♪ ♪ ♪ alright folks, take a look at netflix. stock looking higher. now take a look at general electric. any way you cut it from the yield or the performance this year, you may see some nibbling on the stock as we enter 2018.

stock futures, this is the last trading session of the year. we will open stronger. 25000 remains a question. what are people in your district saying about this tax bill. do they understand it? >> folks in my district understand it and they understand when they have their own money to spend they make wiser decisions than washington. you're right though when you see the polls and see how many have bought in to the wordsmithing of the democrats, we have a problem. >> it pulls very low, but to be fair so did reagan's tax cut and the simple notion, would it make you happy to keep more of the money that you work for? yes or no. [laughter]

>> that's the pole. isn't that the pole? but instead it's become the blue tax, were getting taxed in the taking away our deductions. of course there are some legitimate things about caring interest, even if you don't get involved in politics, it makes people upset. >> and there's all this talk about the corporate tax, making it appear that the corporate tax helps the rich greedy guys when the fact is it's nothing but a terrorist on our own goods and services. it passes through the poor, the middle class. >> there was a port out yesterday, the first 60 days, the media mentions him only 5% positive. >> that the low numbers. >> that's incredibly low. i can't imagine a president ever having.

>> we knew it was biased, but only 5%, that's hard to believe. >> well, fox news, whatever segment fox news has, it's fair and balanced so not everything here is positive, but it's the best we got. >> stick with us for the market is looking like they were open sharply higher. tao 25000. it may be within reach. more money and company next

the opening bell is going to ring in less than one minute for the last time of 2017. it's been a remarkable year. nasdaq up substantially. let's take a quick look at how the big board looks right now. we have 30 seconds. i will say this much, we are starting to see energy come up almost 7% in the past 30 days. that rotation, keep an eye on that. tech stocks are rocking and rolling but recently it's been oil, materials, industrial and

these are not things that you necessarily think work overnight but it's starting to make a lot of money. don't be afraid of your portfolio if it didn't keep up with the market. you may catch up quicker than you thought. there it is. i hear the ringing of the opening bell. let's check on the big board. home depot number one. it's been a remarkable year for them. cisco systems down, not a lot of movement. apple had a tough week. it began early in the week. we want to take a quick look at the s&p 500. it's up three points. that's a nice start. that's what wall street uses because it's 500 stocks versus 30 stocks in the dow 30. a quick check of nasdaq, still the number one performing index but it had a much wider margin than other indices.

it still doing very well. it's been a remarkable year. we want to bring in adam shapiro, let's talk about 25000. do you think it happens today? >> anything has a shot to happen. we've had all the news come out, we are here because of taxes so if you want to see the traders run it up for no good reason and we don't have a lot of sellers, it could happen, but at the end of the day were here because of an event already. now we have to look forward to the next big event that will drive it higher. i think that will be the positive economic indicators that come out of this tax plan. >> one thing you also get, that windowdressing effect. could that actually be of help today. >> absolutely because there are a lot of people who are dependent on that number for bonuses. if they don't have certain stocks at the end of the year their clients will wonder why. there is a rush to buy anything that can fill in the

gaps. >> i don't think were going to hit it today. >> always the practical voice in the crowd. that's why we love him. >> goldman sachs with some interesting news. they are saying, they are estimating this tax bill could actually reduce their fourth-quarter earnings by $5 billion. this is according to an sec filing. they say it's due mainly to this repatriation of taxing cash on assets held overseas. it seems counterintuitive that they would say this. what are your thoughts? >> goldman always has interesting observation when it comes to the record. they do one thing and say another. i would take that with a grain of salt. >> scott? >> i think they will try to take advantage of those new taxes or view this years against next years but i agree with keith, a lot of times they will say it's time to buy oil because they need to sell it so i agree with keith. you have to take what they say and read through the lines a little bit. >> what about the re- patriot

tax in general? we didn't get into it on air but between the commercial breaks he was a little down on it. there's all kinds of ways to assess the repatriation tax. i did my own study and i saw employment go up for two years in a row and gdp go up significantly, i saw corporate earnings go up significantly and yet 79% of the money was said to have been used for buyback. what are your thoughts is mark how is this money going to be used in the year? part of me wants to believe that too but unfortunately how we are rewarded, at least with the stock market it's what have you done for me lately. a lot of these guys wanna look on a three month plan rather than a three year plan. it's hard to be a coach because it's what have you done for me lately. if you want to build a

long-term plan you'll have a healthier business plan. any money that comes back, any windfall will have a difficult time coming down to the average worker or shareholder. this ultimately sometimes ends up being better for those corporations because their stock prices will go higher because of it. that tax plan, i agree with you is probably one of the biggest not talk about things that's good but you have to be careful about the flipside because a lot of times what have you done for me lately causes things to not trade as they should. >> in the third quarter we saw buybacks hit a three year low. my whole thing is that should we get caught up and be so upset that perhaps the company will use the money that is earned to buy back its own stock? why is that such a bad thing

anyway? >> i don't think it is because what it demonstrates is financial engineering is just as viable a mechanism as growing your business. the question a chief financial officer has to ask themselves is how i do that effectively for my shareholders. you should make it a long-term plan. not a short-term, what have you done for me lately. scott is spot on. >> in the psychology of operations, it is such that when you know you have access to it, maybe you had a project on the drawing board and now you can actually implement it. again, one of the initial criticisms from the mainstream media that corporations are doing well, why do they need a break in the first place, but let's face it, now they have the confidence to put that money to work .

>> that's true. confidence is a very important part of it but as long as our system, and this is what were doing dealing with, as long as it's predicated on short-term movement and short-term awards, there's a mismatch between what analysts expect and how a company operates. the best companies get that together. they figure it out and have a clearly defined long-term vision but the short-term guys, they get waived all over the place and that's what you have to be careful of. >> i'll just share with the audience, just because these companies buy back stock, it's not a guarantee. i think ibm's but hundred billion dollars worth of stock in ge has bought $62 billion and it's in the tank. it's not necessarily like to buy it back and rocket higher. sometimes there are smarter ways to use the money like changing the business model instead of becoming irrelevant. let's talk that point. 2017, it really made its debut. people are intrigued by it,

people who don't invest in the market or anything else are very intrigued by this now. bit coin is on the map, it's now starting to face these hurdles, regulatory hurdles. we saw the south korean government get involved in that knocked the price down. one of the allures is that it will be regulated. no single government can control it. how does bit coin remain independent? >> that's what it has to do to continue to have its value. two things. charles, look, we have to take all these regulatory industry exams to stay current. how will we make sure there's no money laundering going on because it smells like it to me. the regulators will be all over it because of money laundering. number two you don't want to be a pioneer. there might be some great applications for changes down the road but being a pioneer right now, that's a guy with a kuhn skin cap with an arrow on

his back. you want to be number two or three. i'm a stay back. everything's moving a little fast for me. >> the rich chinese are dying hundred million dollar apartments in new york just in case they have to flee the country. let's get a quick check of the big board. it's now up 12 points. adam probably has it right. let's not forget about goals. it had a pretty good december but this week iran up to some resistance with 1300. that has been a key number. look, there you go. were breaking through this. keith, we are going to talk about your big play for the year. in video. i don't know if you remember, i think it was 19 data no, it was 2006, forbes magazine said it would be the stock of the year end went down 70% after that. but it's been chugging along

the past three years. you think it keeps going. >> the fact that i mentioned it probably means it will go down as well. here's the thing, we are shifting to graphic computing. they make the chips that make that possible. it's big and ai and self learning. i think the stock potentially doubles as we shift into graphic computing. this is home automation and artificial intelligence, it's not good to be immediate but i think it's a strong play. i'm keen to stay on it. >> they are taking so much market share in the fastest growing areas. do you own the stock personally? >> family owns it, personally do not in our company recommended but we do not trade against our clients so we did not own it. >> how does our audience make money on it. >> here's the deal. i think i've been right, i felt more confident the past

eight years betting against the fed because they continue to talk about how many hikes were going to have. i do think this plan will be good for the economy but there's too many things that are still broken. we can't run at 4% unemployment and have no wage inflation. something smells funny. we've seen this yield, a lot of people want to see this yield go up. we couldn't get through 250, we came back down on the high-end of the range were in. i want to see this get to 250 before we get on board and i think will get over our skis with things being too good too fast and will ultimately be disappointed by the fed thinking were to grow too quickly. >> thank you. i always appreciate it. happy new year.

let's get another check in the big board. we have a rally on our hands. hold on, we might not give adam the prediction of the day award just yet. we will all agree it's bitterly cold, particularly in times square and it's bitterly cold in isis hearts as well. what shall we do to stop those that hate our way of life? some are talking about waterboarding. we have the man who wrote the book on it, next. ♪ ♪ ♪ ♪ (daniel jacob) for every hour that you're idling in your car, you're sending about half a gallon of gasoline up in the air. that amounts to about 10 pounds of carbon dioxide every week. (malo hutson) growth is good, but when it starts impacting our quality of air and quality of life, that's a problem. so forward-thinking cities like sacramento

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let's go to the floor for more details. >> good morning down at the stock exchange. you can expect more good times next year as companies go on shopping sprees. that's what happened last year. companies buying companies. it's the fourth straight year of deals valued at $4 trillion. why are companies doing that? that's the big question. amazon, of course everyone trying to protect themselves from amazon to make sure they can keep their business. we also saw the cvs and aetna deal. another big thing is tax reform because a lot of ceos

think there will be a lot of opportunity for growth. they want to align themselves up to get the most they can. charles i know you're jealous about my glasses here, this is the fashion today down on the new york stock exchange. you like them? >> i love them. you have set the fashion trend all week long. i'm telling you. you have set the bar way high. i love those classes. you look like a james bond villain. >> oh my gosh. >> that's not a bad thing, except the very last scene in the movie. thank you very much but we really appreciate it and i do dig the glasses. grab a pair for me. this week u.s. military officials said isis lost 98% of its territory in iraq and syria. most since president trump took office. joining us now is james mitchell, the man who personally interrogated 911 architect. can president trump take the credit for this? it's an amazing statistic the amount of territory and personnel that have been erased from those areas in one

year. >> i think he can. here's why. what he did that the other president hadn't done is he let the warriors make decisions about how you fight wars. what he did as he moved to the battlefield decisions down to battlefield commanders and he change the rules of operation, the rules of engagement so they can make practical decisions. college professors don't fight wars very well but warriors do. >> having said that, we have a lot of issues. yesterday we had tillerson's op-ed in the new york times and there's still hotspots up there. there's still the issue of terrorism. it feels like, if i read between the lines, afghanistan will reemerge as the next big hotspot again. >> yes, what happened is we have managed to disrupt that nest of jihad that we had where they were trying to establish caliphate in syria

and iraq, but they will flee to other places. while we've killed a fair number and we will kill more, those who have escaped will go back to fighting the jihad because that's what they do. >> this brings with it risks and opportunities. the risk of course, is that all of those folks who are fleeing will try to return home and they've been instructed to try to set up the cells of terrorist activity and conduct low attacks from home. they will join forces with the taliban and move into pakistan and other places where they think they have a shot at establishing it. >> ahead. >> you mention pakistan because isn't that the key to winning in afghanistan? the ability for pakistan not to be a safe haven or an escape route. >> pakistan is one of those

countries that we need, but they're really not our friends. they allow those folks to move across their borders and to operate with relative impunity and it's only when we put a lot of pressure on them that they intercede. it used to be the case that when the u.s. would do a raid on a town, the pakistanis would alert them and let the women go. they let everybody and burgers go. it's very often we would do the raid in the renault jihad in town because they all left with advanced warning. it's a problem. it's one we will eventually have to deal with. >> james mitchell, thank you so much. we appreciate your expertise. guess who is wearing in mayor build up audio? >> bernie sanders. do you have that déjà vu feelin feeling?

if you live in new york you recall he got to do this last time. one a socialist, the other the mayor of new york city who is a progressive and wants to become president and keeps going to iowa being sworn in by the man who did not become president. >> where coming close to 25000. that's not a bad looking board. did we mention, it is cold. wait until you hear where it is actually a little warmer. more barney after this. building a website in under an hour is easy with gocentral...

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quick check of the market. were starting to pull back a little bit but were still in the trading range. we continue to check the market. let's face it, outside is so cold. adam has some surprising places that will be warmer than new hampshire. >> a long list, and if you're about to travel, antarctica is 26 degrees. get out the suntan lotion. norway, below is 20 degrees.

iceland, a lot of people going to iceland, it's 19 degrees. south korea, 10 degrees and greenland, 5 degrees. siberia 10 degrees, excuse me minus 10 degrees. the northern part of minnesota is colder than that. barrel alaska, negative 10 degrees and bonus, a town in russia expected low, i think they win, minus 46 degrees. >> that's without windchill. >> like the studio. [laughter] it's cold in here. >> i will tell you, i used to live in my not north dakota and minus 40 was not unusual. i understand what's going on. the market has been open for about 25 minutes for the dow has been up about 25 points. you can see we are slipping,

although don't despair, there could be a late spurt. we saw a lot of buying yesterday in the last three hours of trading. it has been a remarkable year. you are looking at our heat map of the south, 30, coca-cola, gm, travelers, a lot of those are stocks with the highest yield on the dow or stocks that underperformed. they will probably get a lot of buying in the next day. overall it's been a remarkable year. this is a species a lot of people really don't believe. perhaps it's disingenuous but it's not helping the stock in apple continues to be under pressure from what i'm seeing is a report out of taiwan that people should probably ignore because every report from there has turned out to be

wrong. more barney, next.

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i'm charles payne in first to her bernie. we have a bunch of headlines we are following. today's the last day of trading for 2017. we keep asking can we get to 25000? maybe. trump is taking aim at the u.s. government. he is calling on them to charge more for services. homeleshomelessness is reaching a record level. the first increase in a long time all responsible because of california, an epidemic of homelessness out there. trump believes robert muller will be fair in handling the rush investigation. the second hour of barney and company starts right now. ♪ ♪ ♪ quick check of the big

board, we been up 20 or 30, down a few points or relatively unchanged. it's been a big year for tech. we have something of a mixed bag. apple is under a fair amount of pressure. it started at the beginning of the week with news out of taiwan that iphone ten shipments will be lower than expected. that is a wide change. meanwhile 2017 has been the year of bit coin. let's take a look at it. it is down to 14000, up a little bit today but hit by a series of things including new regulatory rules in south korea. let's hope -- focus on politics. here's what president trump had to say about muller. i think you will be fair. there's been no collusion but

i think you will be fair. the president also said this about the rush investigation, it makes the country look very bad and it puts the country in a very bad position. the sooner it works out the better it is. they will have more on the interview later this hour but now this, house intelligence committee devon nunez calling out the d.o.j. and fbi for its failure to produce documents related to the anti- trump dossier. i want to bring in tammy bruce. what's your reaction? >> it is big news. when we think about what the american people want, one of the reasons donald trump was so appealing was the notion of a return to law and order. that there was some kind of a semblance of an expectation of everyone following the law, not just us little people. this is a good sign. it has taken a year. we spent a lot of time on something that we now realize was a dossier being effectively false in a lot of ways. now there's an effort to look at how did we get there and has there been stonewalling?

law-enforcement agencies as weapons against individuals, all of this has to be litigated. i think this is a good sign that the american people, no matter where you fall, we can't let this go on. we've got to get to the bottom of it. >> certainly they will have to rewrite the best practices of these organizations. first and foremost if you're going to use a product, make sure it's legit. that would seem logical unless you're so eager and you want an excuse to launch something. there's very powerful people within the entity that have animosity toward him. >> we all want best practices but you would need that if people were focusing on their job. when you have individuals were partisan, clearly we have

comments that we are able to trace back the nature of a partisan bias, that's when things get mocked up. >> tammy you can't control people's biases because their inherent in all of us. you need safeguards to make sure those biases can't be weapon iced. >> we all do have them but through the obama years we saw that in fact it was certainly with the irs which became a very public event where they were using an agency of the united states against political opponents. when you have leadership at the top, that modeling of what's appropriate affects everybody. the messaging is, you can use your work and use this as a weapon against individuals politically. is messaging from the very top, this is not what we do and that there's got to be repercussions. people have to either be fired or arrested or something serious has to happen so that you don't get to be able to go off and get your pension after you go off and do what she

did. >> will come back to later on but right now i want to bring in illinois republican, sir, what is your reaction to nunez and this calling out the d.o.j. and the fbi? >> devon is a good friend of mine and he says they are not providing the information that he has requested through the house intelligence committee and i certainly hope that the d.o.j. and the fbi is going to abide by what the chairman of that committee wants. remember, there are three different investigations going on on this possible russia collusion and we have yet to see any of evidence of any collusion whatsoever. >> i had representative gomer on earlier and we talked about the idea that the founding fathers had the wisdom to create a power-sharing agreement, if you will, and yet it seems over the past decade congress, i hate to say

it, but it's almost become irrelevant. no one listens to. no one does what you asked them to do and you are working on behalf of the american public. how should voters feel if you can't get the answers or the simple materials to come up with what you're requesting. >> i think this is the reason why chairman nunez and others are so adamant that they recognize the oversight responsibilities of our legislative branch. we want to actually keep that equal branch of power by providing that oversight and when you've got rogue agencies are rogue people within good agencies, they need to be held accountable. that's why i think devon was out there talking about this issue and bringing attention to it. that's a good thing because it shows we are actually addressing our oversight responsibilities. >> there is a big agenda in congress in 2018 as the house deputy whip. when you hit the steps of the capital what will your first move be in january? >> i hopefully think it will be infrastructure.

this is where we should have bipartisan agreement. i know the president is interested in putting a package together and i certainly hope my conversations with those i sat down with have not just been on a short-term investment in infrastructure. let's look at long-term fixes to our maintenance funds and highway trust funds and others that are not sustainable right now. >> democrats have called for infrastructure for a long time, even after getting a massive bill with president obama, most of them agreed it was not enough money. they are on the record for asking for this so i guess it's just the composition of how they get it done. would they put politics or midterm elections over an opportunity for a bipartisan deal that could really be something that helps everyone? >> i certainly hope they will and frankly, when you look at the last stimulus package that many of them voted for, it was woefully underfunded. it was less than 6% of those

dollars that went to infrastructure. the rest went to government. if we work with this administration, i would vote that one 100% of the investment moves directly into infrastructure and i would hope that the democrats are going to actually live up to the rhetoric that we've heard them spout for many years when it comes to infrastructure investment but i also think it is important that we fix the sustainability problems within our long-term highway trust fund and the models that are clearly failing right now. >> with that include a gas tax an increase in federal gas tax? >> no, i think you need to look at diversifying the sources. remember, we only used one source of funding for the highway trust fund and that's the gas tax. at the same time the federal government tells manufactures

to actually create engines that burn less gas. it's a downward spiral. we have to diversify. you can invest your 4o1k in one stock and we shouldn't do that with our trust fund either. >> next, the irs has a warning for homeowners but a lot of folks scribbling to prepay their tax before the new year but the agency says it may not pay off now course illinois, your state is a high tax state and i'm sure people there right now are heading to pay these bills, but what your thoughts on that. also yesterday new york governor andrew cuomo essentially said these blue states are in a de facto civil war with the federal government. >> you gotta love the rhetoric that goes on in politics right now. that's something that's got to change. we may disagree on policies and frankly, yes, i live in a high tax state but the area i represent, we are talking 90% of my constituents do not pay property taxes or income taxes above the $10000 limit. 75% of my constituents don'

don't itemize that with the doubling of the standard deduction and child tax credits and lower tax rate you will see a very small percentage affected by the state and local deduction that i believe will be made by the reduction in the overall tax rate. it may be a problem for people that own a few different homes like maybe three like bernie sanders, but i thought he always wanted us to make sure they pay their fair share. >> is so funny. they said they were taking it from the blue states to give to the red states. i said if you substitute blue for rich and red for poor, that's his political philosophy thank you very much. have a good new year. >> u2. >> president trump calling on the postal service to raise their prices. adam, the president tweeted about this. >> yes, but he's going after amazon and it's not exactly the best friend a president trump. here's what he actually tweeted. why is the united states post office which is losing many

billions of dollars of year while charging amazon and others so little to deliver the packages making amazon richer and the post office dumber and poor. they should be charging much more he tweeted this morning. >> i checked the fiscal 2017 numbers and the president is right. the losses 2.7 billion. the year before 5.1 billion. the deficit since 1971, $61.9 billion. maybe they should charge more. >> that sometimes is good to have a businessman in there. check this out. world war ii veteran honored with the purple heart, 73 years after he earned it. he was shot down and captured by german forces in 1944, but he didn't receive the honor until now because the service records were burned in a fire. congratulations. president trump's infrastructure plan expected to be unveiled next month so are asking this question, how should the plan be funded?

from north korea to iran, president trump faces a series of major foreign-policy issues and 2018. former ambassador john bolton will take a look at what the president could do and what his biggest challenges will be next year. ♪ ♪ ♪ ♪

quick check of the big board, the dow losses are starting to gain a little momentum. we are up about 25% for the year. not sure about 25000 today. let's look at the price of oil. we are getting to a serious resistance point. 60 is huge, 62 is massive. the earlier news from libya is helping that out. gold is having a last good two or three weeks. 1300 has been tough. closes above will be pretty optimistic going into next year. in new york an investigation underway after the city's most deadly fire in more than two decades. adam has the details. >> 12 people at this point have been pronounced dead. there are people at the hospital being treated. four of the dead include children including a 1-year-old.

that child and her mother were found in a bathtub. they're trying to figure out what caused the fire, the worst fire in a quarter century in new york city. one possibility is that it might've been a child playing with the stove but again i want to stress there is no confirmation. they don't know exactly what caused this fire. the building was over 100 years old. the new york post reported there were several violations within the building. the mayor is urging everyone not to speculate on what may have caused the fire. >> there will be time to find out what happened. in the meantime, 12 people, including four children, just terrific. looking ahead to 2018, a headline from the hill reports threats of terror and weapons will linger in the new year. the writer of the article, former ambassador to the un joins us now. ambassador, elaborate, if you will .

>> looking at the circumstances we find with respect to the term oral in the middle east, the threat of international terrorism and the proliferation of nuclear weapons, i'm sorry to say this so close to new year's but the prospect is that all these problems will not only face the trump administration again next year, but in many respects will have grown worse because he inherited a lot of the bills from prior failed policies across the board and while he certainly had some important successes, you can see, even in recent days that the problems with north korea's. program have only grown worse as we've seen china, he faces very tough decisions and it's going to be significant throughout the coming year. >> yesterday rex tillerson in an op-ed in the new york times, north korea was a large portion of that. it seemed to suggest her hit hint that diplomacy could win out at going something said by south korea this week, but you know, it's hard, we all want that and certainly you as a

former ambassador and diplomat want that as well but will they ever give up their nuclear weapons? >> i don't think the north koreans will ever voluntarily give up their nuclear program and i think we've seen enormous pressure through sanctions. this is a prison camp of an economy. their people have been leading desperate lives and it hasn't slowed the regime down which is why i think there's one diplomatic play left with china. my view is that you can't coerce china into this but you can persuade them that their national interests really requires getting rid of this regime in north korea. my personal view is unification of the peninsula is the way to go. there may be other options as well but as long as they stay in place in north korea, you will have a nuclear threat, not just in asia and the united states, but they are capable of selling it too anybody, anywhere around the world. iran, isis, al qaeda, you name

it. >> that new york times piece overnight, president trump said he has been soft on china trade in hopes they will continue to pressure north korea and yet they're not necessarily playing by the rules. the clock is ticking. they must understand the gravity of the situation. i do have one more for you. u.s. investor nikki haley was named one of the most admired women. how do you think she fared in her first year? after president trump, i think she had perhaps the best year of anyone in the administration. >> i would give her an a+. she has benefited from being basically untethered from the state department and therefore has been allowed to channel the president's views much more directly than people over at state. i think it's recognition of her accomplishment and well-deserved. >> she also voices her own opinions that don't always align with president trumps other issues, but they give get right back to the business but the question is is it too early to say she's a potential candidate for president one day? >> i think there's already

speculation. she has been a successful governor in south carolina. she has now gotten foreign-policy experience so it opens the question, how long will she stay in new york? issue looking ahead? i don't personally know the answers to those questions but i will make a prediction since were getting close to new year's eve, i do think the first female president of the united states will be a republican. >> thank you. investor, great talking to you. they are facing a major backlash at buzz speed for publishing an article, 37 annoying things people need to stop doing. and tammy bruce will be back next. whoooo.

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were some individual stocks we are watching for you, amazon, it's the second annual amazon digital day. president trump took a shot at them before the open as well. take a look at this analyst from m km saying the chinese economists could reach a trillion dollars by 2020. it is on a roll. let's get back to president trumps interview with the new york times, the interview happened yesterday while president trump continues his vacation in florida. blake is at the white house

right now with details. >> charles a revealing intervie interview, i'll probably pull a dozen different headlines. the biggest headline is that trump thanks he will be treated fairly by robert muller. that was the word the president used multiple times. the president said, as he claimed for a while, that there is no collusion with russia. that he was also asked whether or not he believes the department of justice should reopen the hillary clinton e-mail investigation and he responded by saying i have absolute right to do what i want to do with the justice department. the president also said he has been uninvolved with this particular matter. the president acknowledged he has been soft. that was the word he used, on china, as it relates to trade because his biggest worry is not having a war with north korea. he also contended that had the tax bill been a bipartisan bill, then how everything played out with the salt cap and salt deductions would have played out differently.

>> blake, it sounds like he saying to the democrats, now negotiate an in good faith on infrastructure and you'll get somethings you want. >> as part of the argument he's been making that this white house has been making, that look, they believe they can get democratic buy-in on this and what the president was essentially saying, he didn't name chuck schumer but he basically said if you had played your cards differently, the salt reduction may have ended up differently. it's yet again another one shot as you point out as they start to head to the table on infrastructure. the president is income to the table. >> thank you very much. >> then there's this. apple apologizing for slowing down older iphones and is lowering the cost of batteries after facing lawsuits over this issue. believe it or not, that's a big step for apple. and infrastructure will be a

major issue for president trump in 2018. aside from the president, who needs to be a leader in this process. ♪ ♪ ♪ ♪ and and

municipalities are under more pressure so you have to figure out how to get private investment in states and municipalities and they should assets they don't need to own anyway. when you are talking infrastructure, 86% of infrastructure is owned by states and infrastructure so operations and maintenance costs, the pressure on municipalities to take care of old stuff is also -- charles: they got caught in that trap, they patch the same holds every year and a year later patching the same holes and that

is the whole budget. a philosophical, democrats love the idea of infrastructure spending because of lower -- fdr spent a lot of money and there was his signature, the hoover dam is something people pointed to for a long time. should there be a signature, infrastructure item donald trump should consider. you mentioned the hyper loop, if you want to promote this in the future something all americans can look to with pride and say it worked and don't forget the hyper loop or something like that. >> i love -- i love -- i love stuff like the hyper loop because infrastructure is imagination and vision inflicted on our environment to make our lives better.

the hyper loop is fantastic. tunneling makes a lot of sense but right now it also makes a huge amount of sense to bring private investment into this conversation. when you talk about $1 trillion, only talking $200 billion from the government. the other 800 comes from the private sector. we haven't built a new infrastructure finance model in 60 years so this is a fantastic opportunity to build a new infrastructure finance model that would not only re-create our country's competitiveness but give us a chance to export those projects overseas. charles: not unlike way china exports the high-speed train that they didn't have ten years ago. really appreciate it. there is a new poll that find the media's coverage of donald trump has been slightly skewed a little bit. p research center reports for the first 50 days in office coverage of donald trump is 62% negative compared to only 20% for president obama.

i think the other part of a poll is intriguing, only 5% was optimistic. only 5% optimistic. >> no matter who you are you saw that different, but fascinatingly the president's poll numbers especially yesterday identical to what obama's where the same year of his presidency so despite all this pile on, the american people haven't bought it and this speaks to their view of the media, they are rejecting that rhetoric and the media is killing itself, legacy media just pounding people and people said they had enough so they are destroying their own brand and the media is important for american democracy. we have some alternative certainly but the president has done so well at least even with these issues the american people have seen the results and they like it.

if there was fair coverage how high the president's approval -- charles: some obligations, what we saw, a spate over attend a period of retractions and apologies for their over eagerness to print things that turned out wrong. >> one of the things you see blatantly, i respect my peers in washington and across the board but watch the press briefing and the demeanor of those of us in the press as questions are asked, body language and the tone the questions are asked. our job is to challenge and ask questions but people see, among our colleagues the feelings of the people covering the president, the questions being asked of sarah huckabee sanders. charles: disdain toward her is remarkable. i talked to some of these folks covering conferences, but media entities brushed aside and you got a few of them, they have disdain looking down their nose in an elitist manner with sarah huckabee sanders and as a proxy

the american public. >> we want the press to be adversarially and asking power all kinds of questions but this has become opposition and that is different and also, when it comes to issues conservatives are accused of, the attitude toward sarah huckabee sanders is in fact class-based. they see her as -- this attitude, it has come -- that is the problem. we see all of this exposed, important to changing the government, changing culture and media, finally getting this out into the light. charles: let me switch the topic, buzz feed getting flak for his latest article titled 37 things white people need to stop ruining in 2018. >> one of the things is when won a grammy instead of beyoncé that ruined the grammy everybody needs to lighten up but this is what we have been dealing with,

divisions based on complexion, sexual preference, sex, the best music overall, things that bring us together and a category of young people trained under the obama regime, between groups of american people, and where certain politicians want, about racism and racial politics. >> the content of our character, and democrats who might buy into this, listen to what steve bannon said. and energizes people who can't vote for democrats. >> politically might be good for conservatives, for the country it isn't and we can have that conversation because millennials

and young people, when they hear information that is the truth and fair they immediately back away from it. we have a good chance especially those of us in media to call it out and we should do more of his head. charles: have a great new year. homelessness hitting record levels in los angeles driving up the nation's number for the first time in 6 or 7 years, how can the richest state in the country have a skid row with 20,000 people on it? and in times square, new year's eve, officials say they have extra emergency respondents on hand to help people who might be affected by that. ♪ here comes the jackpot ♪ in advance ♪ what are you doing ♪ new year's leave

♪

>> we asked congressman louis gohmert about the tax bill, he says the democrats skewed some people's view about it. charles: what are people saying about this tax bill? do they understand it and how it

might impact their families? >> people in my district understand it and when they have their own money to spend they make wiser decisions in washington especially when they see the things we have done with a. you are right when you see the polls and how many bought in to the wordsmithing of the democrats, we have a problem. i just finished months of chemo. but i don't want to talk about months. i want to talk about years. treatments have gotten better, so... i'm hoping for good years ahead. that's thanks to research funded by the american cancer society.

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charles: quick check of the big board, downside, up 29 points. california, large homeless population is driving up the entire nation's rate of homelessness. want to bring in talkshow host larry elder. a video making the rounds of skid row on christmas day. and 13,000 homelessness took the entire nation up. what is going on? >> when george w. bush got elected in 2000, and the argument is when republicans are

in the office all of a sudden the media is concerned about homelessness, when democrats, they are less concerned. republicans in office as the economy improves. that said there is a serious problem with homelessness in california. not sure what to do about it. in the 1800s, the one that wrote the book democracy in america, something called memoirs on communism, he had been all around the world, england wealthiest country, the greatest number of beggars, wondered whether there is a relationship between the welfare state england had become, and sell there was a connection. be careful, the goodies you give people, and the other problem in california is rent control which takes away the incentive to build low-cost housing, zoning

laws that restrict those things, laws like minimum wage so somebody who wants to work for less than a certain amount of money can't do that legally, we had these things together and made things worse in california. charles: i find it remarkable in the mainstream media can take headlines and voices them on donald trump of the largest increase in california followed closely by washington. the largest in your increase was new york, the bottom line is there is a common thread where these states that push higher minimum wage, where their finger at the rest of the nation, take this issue, these issues and tell the rest of the country they are not doing it right have the highest income any quality and storing homelessness and you would hope someone have any privity, they are wrong, we need

to figure this out. >> another example. i was a loan executive for united way, one summer 20 hours for united way and turns out nonprofits with united way, salvation army, $.85 on the dollar, gets down to the beneficiary with respect to government, $.30 get to the beneficiary because of the transfer costs, people are not volunteering, and help the dollar we give to people, far better to have nonprofits, churches, other individuals deal with homelessness as opposed to federal government as opposed to state and local government, lower taxes leave money in the pockets of people, americans are the most generous people on the face of the earth, we forgive more debt, give more aid, get government out of it and the problem will be solved in a more

efficient way we are addressing right now. charles: we need to focus on vets who are large part of the population. another one on recreational marijuana, legal in california on monday, calling in sick on monday? >> lots of pros and cons but i always believed the drug problem should be dealt with a health problem, not a criminal justice problem, this is a move california, the left-wing state, happened a long time ago. there will be some downsides with this but in general the war on drugs has not worked, the war on drugs has been a failure for the most part, and we deal with this as a criminal justice on that. charles: nice seeing you, have a

great new year. >> netflix executives get a bump on salaries because of the tax plan. >> the tax plan will eliminate the ability to deduct the bonus they give to executive earn more than $1 million a year. they are losing the ability to deduct that, making bonuses part of the compensation and salary going forward. this will apply to people with 7 figures and more and this is a change you might see in other companies and a lot of talk about comcast across the street, that is a different category. charles: across the street. charles: noted. tweeting about dreamers, the border wall, this and bipartisanship, even republicans, balking at all of this.

♪

charles: what about $1 trillion infrastructure spending, how does that impact the economy? >> help the demand and supply side of the economy creating more jobs, stimulating economic growth that way and by creating infrastructure creating more capital, and helps the supply side of the economy. charles: you have a couple issues here, fiscal

conservatives won't one's to do any deficits spending and democrats have a limited amount of capital in this, if they articulate this the right way, you can sell this as progrowth pro jobs bill. >> only problem is you have to find a way to pay for it and here are the options. tolls on roads, increase the gas tax or as you mentioned -- >> provide every one dollar the government provided. and tax incentives involved in that. there is still the issue of $200 billion come from on the federal side. charles: what about the political pushback, how democrats who argue for many

years, there would be major beneficiaries in new york where potholes are everywhere especially when the fraud comes. with a be okay, with spending in federal money? >> if there was ever a time for debt spending is when you are investing in tactical that is durable like road and bridges and so forth. what you don't want is to have these decisions where to invest on cost-benefit analysis, get the most for your money. ♪ hoo! (snap) (snap) achoo! achoo! feel a cold coming on? zicam cold remedy nasal swabs shorten colds with a snap, and reduce symptom severity by 45%. shorten your cold with a snap, with zicam.

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the year and can we do it for stuart? that is not what is going to happen. in the next hour, as we close out the year we will look at what became the craziest this year, did coin and crypto currency in general in 2018, you heard numbers, donald trump tweeted the most unfairly by the so-called mainstream media but the president has some of his own stats and he is fighting back, we will tell you -- this hour, we compile some of the best most memorable guests and moments of 2017 on "varney and company," what were your favorite moment, the third hour of "varney and company" is going to start right now. ♪ ashley: west do you like for the new year? >> i like amazon a lot and three quick reasons, they own online

shopping, and except for microsoft stuart's favorite stock. charles: the stock down 6 points but i want to know what other stocks we should be watching, we happen to like dollar general. >> it is boring but three things happen as a result of what amazon happened in this ecosystem. anyone who tries to compete with amazon, buying brick and mortar again and there is going to be companies that prosper because of their niche, dollar general is one of them. i don't own the stock but i own a lot of the real estate dollar general's are on. 900 stores opening up this year,

14,000 stores already opened, this is an impressive company. charles: does it help them to be in a lot of rural areas? does that make them amazon prove to a degree? >> it does. if ever there has been a company that is amazon prove it is this company, they are in rural areas dealing with the more impulse items, toothpaste, toilet paper, things people aren't going to order online, not using the internet as much. charles: you won't haveth or pick it up for you, so many miles away, it is not feasible. the stock has been coming nicely. >> you had the founder on the varney show, a very impressive -- charles: we already said you don't own the stock. goodyear tire, tire retailers in general, would that include the rally and those names? >> i like tire stores and auto parts stores and autozone and

advanced auto and goodyear. one thing that is true and people have to realize is there are certain things amazon can't deliver on. when they bought whole foods they knew they couldn't fully immerse themselves in grocery and auto parts and tires which if you get a tire shipped to your house you could order a tire from amazon but if it comes to your house what are you going to do with? most people don't know how to put a tire on. charles: the average age of cars out there relatively old. feels like so many other places for those stocks midway through the year took some hits. they are coming back a little bit but they were vulnerable in 2017. are you worried about that or that is behind us? >> it is behind and there's a real need if this market gets any traction it will get traction in the value names, these are the value names and they were put in the category with the other brick and mortar

and they have distinct nichees that make them attractive. charles: you have given us a couple boring names but you like roku which is anything but boring, one of the most volatile stocks after the last earnings report. it became an absolute juggernaut, stock does go higher all the time but those violent swings concern you and the evaluation going into. >> this stock is a winner. i was blown away by the fact that 1 million people cut the cord from cable companies past few months. people are cutting the cord in every demographic. roku in their streaming model are executing, people are having a hard time understanding what their model is going to be, but they are light years ahead of anybody else. charles: you on the stock personally? >> i do not own roku. charles: the dow 30 stocks here,

stuart loves the 205k and it is fun to watch, it has been a remarkable thing. we are down 39, 40 points. how are we looking next year with these blue chip names and the way they come on in the last month for a degree at the expense of highflying tech names. >> to me, i have said it before. what concerns me, the amount of complacency, the low volatility lulled investors to sleep and built expectation the market will go up. and already baked in from the tax cuts and everything we saw last year, a flat year, and the barnburner. and wait to see what happens with inflation and interest rates and whether the market could spread out beyond those

five names. charles: high property taxes out there, and a lot of confusion over the last couple weeks whether to prepay. and what betsy mccoy had to say about this. >> the fact is you could pay if you have a piece of paper that shows you were built, some municipalities and counties sent out bills for 2018, maybe the first installment due february 1st, don't try to pay all of 2018-19, you can pay what you build. charles: scott hodge, it has been so confusing. my accountant told me i should prepay and the irs has come out with memorandum of sort saying not so fast. >> exactly right. you need two think, to have your

property assessed and billed. that causes confusion because say for instance in washington dc i can prepay my property taxes because they have done the assessment and built it. neighboring fairfax county that is not the case, a lot of people trying to prepay but not able to claim that at the end of the day. charles: this confusion aside, we are learning more about what is in the bill including the hidden nuggets the slides in and able to make a better assessment of this. is it the victory republicans believe it is for the american public. >> the corporate story, the individual tax cuts are relatively modest. a lot of simplification done. expanding the standard deduction

was a big win for low-end modest income people. they don't have to pay on the first $24,000 of income. the corporate side is more exciting, bringing down the corporate tax rate to 21%, instantly making the united states one of the competitive places to do business and let's not forget the full expensing for the next five years where companies right off immediately their capital investment. we will see a big boom in the next five years, that will do a lot for economic growth and improve wages and jobs at the same time. charles: repatriation, one piece out says it may be $400 million and a debate, a political debate over how the money is used, one report saying president bush's repatriation tax saw 79% buybacks and things like that. what is your assessment of that impact to the us economy? >> there are two parts of that

story, when is the repatriation and even if that goes to buybacks that is helping my 401(k) and a lot of pension plans out there but the more important story is moving toward a territorial system where companies no longer pay a toll charge for future profits. that will make companies more willing to bring back profits from abroad and reinvest in the united states, that is good news for the economy moving forward and all these things are going to make the us more attractive for foreign investors so it will be interesting to see how foreign companies look to the united states as a place to put new plants and facilities and expand their businesses here. that is good for the economy moving forward. charles: have a great new year, great talking to you. softbank has won a bid to buy a stake in uber, set to acquire and $8 billion stake in the company, the deal valuesth are at $40 billion which is way below their previous valuation of $68 billion that will be

closed in january. let's check the coin. it is rebounding $400, two weeks ago it was knocking on 20,000, it has been all over the place. we have the man who inspired the movie the wolf of wall street. remember last time he was on with he called it and got into a heated argument over bit coin. very soon you will see a compilation of some of our favorite, most memorable "varney and company" moments and guests from 2017. we don't want to miss them. our last show of the year continues. >> 10, 9, 8, seven, six, five, four, three, two, one. no, i'm talking before that. do you have things you want to do before you retire?

oh yeah sure... ok, like what? but i thought we were supposed to be talking about investing for retirement? we're absolutely doing that. but there's no law you can't make the most of today. what do you want to do? i'd really like to run with the bulls. wow. yea. hope you're fast. i am. get a portfolio that works for you now and as your needs change. investment management services from td ameritrade.

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up if you plan on ringing in the new year in times square, the national weather service says temperatures could plunge to 10 ° for the crowds in times square. this is what happens when you pour boiling water into hurricane force winds on top of new hampshire's mount washington. it becomes instant snow. a live look at time square. they are testing confetti had a new year's celebration. i walk by it every day, and the dreamers, and working out a deal, want to bring in nick adams. dac a is big, immigration is big, you have a lot of establishment republicans who aren't keen on sending anyone

back and not keen on getting a wall built. >> that is exactly right. a lot of people don't understand people obey their laws, enforce the laws on the books, as somebody who came to america the right way, crossed sleepless nights waiting to come to the united states for four years, costly a bucket load of money that i didn't have to spend and did it the right way and i would hope those establishment republicans and democrats and all of those people that seem to not get it, that illegal immigration is wrong, looking at a case like mine and understand why it really is so vital for

america to enforce their borders. charles: the argument is these are, quote, kids who were brought here through no fault of their own and are american in every sense except they weren't born in this country. what do you say to that? >> with you break the law at the age of 3 or at the age of 30 you are still breaking the law. that is not to say i don't have compassion, not to say this is an easy issue to deal with. i know the president has been struggling with this personally, but at the end of the day if we don't have borders, we don't have a country and what i would say to those dreamers is they had the opportunity to benefit from all of the resources and opportunity available in america. now it is time for them to go back, come back to america the right way.

charles: i got a feeling if you read between the lines, donald trump's issue with the new york times yesterday, there could be a deal where they end up staying but donald trump gets that border wall, that would be a compromise. i want to ask about us immigration because it is soaring, 1.8 million migrants arriving in 2016 alone and governor cuomo on the same issue pardon 61 people including 18 immigrants, want to look at what donald trump tweeted this morning, democrats have been told and fully understand their can be no docket without the desperately needed wall at the southern border and their horrible chain migration and ridiculous lottery system, we must protect the country at all costs. chain migration has come up as a major issue, major threat to our safety as well so how do you see that playing out? >> it is a very broken immigration system.

i am very buoyed by the fact that we finally have a president that wantss to do something about it, understand we have got to get the best people here easily and make it impossible for bad people to come to the united states. everything he is doing, he is trying to get to that point. it has been a year we have seen lots revealed to us about immigration in the united states, the everyday hard-working american has no idea about and how unjust legal immigration can be and how outrageous illegal immigration can be. i think the next year we are going to see steps taken to make sure we repair both, legal immigration and, eliminate illegal immigration. charles: smart migration, canada adopted this system not long

ago. i don't see how that could be a political issue but everything in this country is these days, have a great new year. >> happy new year, what are you going to do? charles: probably be at home. i like to bring it in with the family and chill out at home. we will see. >> you and me both, stay ahead of the cold. charles: i will do that for sure. did you see this? some controversy overnight, but the article the title of which 37 reasons white people ruined this year. we are all over that story and don't forget, the game cards against humanity, taking some heat for selling a pack of cards with offensive lines against jews. we are on that as well but first, forbes releasing a list of the top grossing actors and take a guess who stole the top spot? it is a tough one. we will tell you next. ♪

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charles: forbes releasing a list of top grossing actors of the year and the top spot goes to, drumroll, vin diesel with an outstanding $1.6 billion just beating his fast and furious costar dwayne johnson. wonder woman star gal gadot rounding out the top three. american girls, luciano vega, an aspiring astronaut the dreams of being the first person to go to mars. american girl worked with nasa to come up with her fictional back story and her product line. the doll launches on new year's

day. speaking of space travel, nasa preparing for the first ever interstellar mission working to send a spacecraft to out for centauri, only 4.4 light years away. the goal is to look for signs of life, launch date planned for 2069 which happens to be the 100th anniversary of the apollo 11 moon landing. you have got to see this. researchers at the university of tokyo introducing a new robot that can sweat like humans was when it gets its motor too hot it's cool and stripped-down over its component and evaporates like humans sweat. take a look at this robot, doing exercise, musculoskeletal structures allow it to perform 100 different kinds of motions and movement including pull-ups and set ups, swing a tennis racket, even standing on its

toes. check on the price of gold here. passed 1300, major resistance point, gold having a nice rally into the new year and oil has come up nicely particularly this week breaking through another resistance point, 60, west texas intermediate. and reports as media coverage of donald trump three times more negative than for former president barack obama but the president is fighting back, we will tell you what he said next, meanwhile the dow up 18 points. ♪ ♪ i'm going to knock you out ♪

: . : :

♪ ♪ ♪ the big board is about even in

terms of up-and-down stocks. the dow has only lost 20. goldman sachs pulling back the rear. apple had a tough week as well. the pew research center said media coverage of trump is overwhelmingly negative. three times more negative than it was for barack obama but the president tweeted this, while the fake news loves to talk about my so-called low approval rating, fox and friends just showed that my rating on december 27 was approximately the same as obama's in 2009 which was 47%. this despite massive negative trump coverage. lawrence joinsç us now. what is your take on all of that? >> i don't even know if this is really news. i think the american people have pretty much come to this conclusion. i think we finally have a couple facts to back up what we've already known all along. i have no problem with the press

being hard on the president. i believe they should be hard on all politicians and seek the truth, but my problem as well as many of the american people's problem is that they weren't quite as hard on president obama and the last administration so now all the sudden they have a leg in from there, and want to hold government accountable. >> i looked at the data and i read it really deeply. another thing i thought was intriguing, even more than the negative coverage, only 5% of the coverage in the first 60 days was positive and yet bush and clinton both had 22% each bed what happened that those two presidents received the same amount of positive coverage, 22% and only 5% for president trump. why was the mainstream media so different than even former republican presidents. >> i believe part of why donald trump is hated by both republicans and democrats is because he literally does not

care what they really think. this is a president who says what's on his mind, and sometimes i disagree with his style, but at the end of the day, he got the support of the markham people, and quite frankly, that seems to be the only people that he is concerned about. you will see him talk about polls and i believe that's more because he was an entertainer and he tracked his viewership through the polls, but i think this is a president that really wanted to take a sledgehammer to republicans, democrats and the establishment and this is a president who also has taken on the press had on. that's why you see this animosity going on. >> i think it's probably going to be even more difficult for him because he has shattered the notion that somehow you have to appease the press to beç liked and beyond that, to your point,

he was brash and he became president of the united states so why would he want to change and why would he allow the mainstream media to make him change. >> and also commuter member there's a lot of bitterness when it comes to the president because all the polling data was wrong and you have a lot of them who haven't been quite honest that they did get it wrong. look, i was on the right and i didn't think donald trump could win the election. i'm very honest about that but there's a lot of people in the press that try to backtrack on it. they didn't realize that they that all the polls were wrong. there needs to be some honesty about that and i don't think they reached that point. >> and it's also two different things between not thinking he could win and not wanting him to win. i think many rooted for him to lose. >> i want to get to the next topic which is buzzfeed getting heat for a story they just published. here's the title 37 things white people need toç stop raining in 2018. what are your thoughts on this s free speech but at the end of the day when i see a situation

like this, i feel 25 things black folks have ruined. i probably wouldn't feel so happy about it. this type of divisive stuff that we are seeing published is the reason why we have people going back and forth when it comes to race relations because we have people who are literally putting fuel on the fire per this will only his people off and it should. >> and of course they started number one with macaroni and cheese which will always be controversial. >> i don't think anybody can get it right. i think my mama makes the best macaroni and cheese - exactly. everybody's mom makes the best mac & cheese but i don't care who you ask. they knew they were starting some stuff when they started with mac & cheese. the last one for you, you know the game cards against humanity, they are taking heat because they sold a pack of cards with offensive lines against jews. what theç heck is going on her. >> i don't think people are

thinking. dove had an adware black lady was turned into a white lady, i don't think these people that claim to be so diverse, these people who claim to be the best marketers are really paying attention to what they are publishing. i think there's a will issue an apology. it probably wasn't intentional. they probably couldn't have anticipated this blowback. was probably some intern who did it or i don't know but they need to apologize and get in front of it. >> or maybe, listen, what were discovering here is a lot of these entities and organizations and individuals who say they certain things, when they get down to it probably don't practice what their preaching in real life private. maybe they let something extra at least about. will see. happy new year's. let's get back to politics.ç

can and will there be bipartisanship in the new year? we want to ask doug shown, the co-author of america in the age of trump. all right, bipartisanship is something you have breached for a long time, something you believe can be done. it didn't really happen in 2017. cannot happen next year? >> i think so given what the president said yesterday to the new york times where he said we could have bipartisanship on immigration. he made it clear we could have bipartisanship on infrastructu infrastructure. there are clear deals on both that can get done. the wall plus daca. on infrastructure, some sort of public, private partnership financing scheme, i think both are really important. it will help both parties. it will help the country and it will be good for america. i hope it gets done and my answer to your question thus is an emphatic yes. >> he did alsoç say if the

democrats came to the table on taxes, these blue state democrats, if they actually participated, maybe the salt controversy may have never materialized in the first place. to me what he is saying is hey, you can get some of the things you want if you just negotiate. i don't find it as a threat as much as a welcoming mat. you gotta wonder because it feels like the dems are playing the lame game and has gotten so accustomed to it for so long that when there's a door open to negotiate they don't necessarily walk through it. >> i think on both the healthcare bill and taxation this was not exactly a welcoming mat and the democrats made the judgment and i think it was a political one that they would score more points having no negotiations then frustrating negotiations that failed and so far given where the generic vote is in the congressional election, i think that was the right political calculation. that being said, if the president is now extending an

olive branch, i would think it's in the democrats interest to accept it to tryç to get a deal done on both immigration. >> and you did start this interview talking about what's good for the american pic publi. sometimes winning an election, particularly generic polling is not necessarily the same thing is what's good for america, is it? >> absolutely not. the two frequently diverge. in this case, on these two issues, we can get a deal that gives us better roads and highways and starts to deal with the issue of illegal immigration for both in terms of a wall and border security and providing for the dreamers a pathway to stay in the country. >> doug, i want to get to the drama at the fbi and devon nunez. he is slamming the d.o.j. and the fbi for failing to produce documents. these are all related to that trump dossier. what is happening here?

it just seems like a serious amount of frustration. i think all of america wants to get to the bottom of this and move onç. >> the question you ask is a simple one, what's happening, i honestly think none of us really know. i would like to know who financed the dossier. was it the clinton campaign? obviously 13 and half million. the fbi through some money and, elliott and associates, pulsing her, and initially contracted with fusion gps. we've got to know the whole story of this, how the fbi was involved, how we have these agents who were biased, obviously, how the e-mail report that jim call me presented at the end of june of 2016, how that got edited, we have lots of questions and representative nunez raises issues. he raises them strongly and pretty firmly, but i wish i

could say it doesn't require the level of scrutiny and attention to get answers that in fact it 4-er think we would be well serd as a nation, your first question, to get those answers. >> i think so too. one last question. vanity fair is under a fair amount of pressure for poking fun at hillary clinton, urging her to quit politics and do things like take up knitting. what is your reaction? since then they've retracted and profusely apologized. >> here's what i would say about secretary clinton. i've been, obviously, an opponent of hers. i worked for bill clinton and i didn't support her but this is a woman who has made a contribution to our life. she is an advocate for the causes she believes in and she has been a committed person. to trivialize her and her work when she won the popular vote by close to 5 million votes and has

had such a distinguished career, i think it's a profound mistake and vanity fair did well to apologize. >> i won't follow you down that rabbit hole of 5 million votes because every time you're on. >> let's put it this way. donald trump is the president. i accept that, but bottom line, secretary clinton came pretty darnç close and she couldn't be trivialized or dismissed. >> i got you. >> wherever you are, looks like you have a great new year. we look forward to talking to you. >> you too. >> let's check on that coin. it's rebounding nicely up 735. it's got close, it's right in the shouter of 20000 in a series of mishaps hurt it. later this hour, the man who inspired the movie the wolf of wall street will talk about this. very soon you will see the calculation of some of our favorite moments, the most memorable moments of barney and company. you do not want to miss them.

♪ ♪ ♪

♪ ♪ ♪ from the florida new york stock exchange with today's big story, tax reform eliminating the ability for companies to

deduct performance-based bonuses, especially cash bonuses therefore netflix is scrapping cash bonuses. he seems to make ♪ most of his money in stock so that will remain the same but big changes coming for wall street and how companies say and in sent their executives, especially for those who got cash incentives rather than stock incentive. keep an eye on this. it's up 56% year-to-date. all cash will be lumped intoç exec salaries.

and now this, l.a. county california says only 197 conceal and carry permits have been issued for the county's 10.2 million residents. this comes out to about one permit for every 50000 residen residents. back to bit coin, you can see it's up 653. last week two of our frequent guest got into a serious argument about it. roll tape. >> i would discount anything jordan says. >> he's a proven criminal.ç >> jonathan can you respond to that. >> i think you have to consider the facts and your character at the same time. >> let's talk facts. >> jordan, the way of the wolf, he joins us now.

you're out there morning folks about that coin essentially and there are a lot of bit coin fans out there. there's almost a cultlike following and to a degree you can understand why. people have lost confidence in government around the world. people have lost faith in currencies. remember our crisis we printed $5 trillion out of thin air and people like the idea of having a currency they can control and no one else can control. you understand that's coming from. what if it does go to 50000 are a hundred thousand or million? what you tell people who may not have gotten into it. >> first of all, i don't think you're correct in what you said. i don't the people are getting into itç because they have a dislike for fiat currencies or other scared the government. it's just not wanting to miss out on something that's going over the bubble. has nothing to do with the technical factors. the early people that were idealistic and thinking about

terms, they were on that train of thought but not the people driving up. that's not what's going on right now. >> i can tell you my son just opened an account a couple months ago and all his friends did that they've done the research and they like the idea that there only be 21 million behind and they like the libertarian market. >> i understand that not correct though. this idea of scarcity is completely false because what happens when you have something like crypto currency, they all trade in one giant basket. there might be only 21 million that coin but every time they create new crypto currency, there is more crypto currency. there's no limit to the amount of crypto currency getting bigger every sigell day. there's no scarcity. there's no value, it's a bubble, and i promise you, and you're right it could go to 50000 or hundred thousand but i am certain that the end of the day it will end upç close to zero. that's the bottom line. >> have got one for you, another one, capital management, the

president compared the coin to a highlighter. roll tape. >> the best way i can explain it, i have in my hand the bit highlighter. it is worth more than a bit coin and of course if somebody paid $15000 for it, wall street would start treating it. the future exchange would have you treating it also and you'll have companies coming out, instead of changing their name to block chain it would be why it highlighter. that's the nature of this beast. >> so essentially what he's describing what they call the greater full theory but you can also argue that the painting that sold a month ago for $450 million intrinsically is worth a dollar 50, the canvas and the pain. >> there's only one of that painting though. >> what about gold whoç has hed

amazing value for centuries. again, listen, i'm not in it, i've never bought it, my son asked me too four years ago, but i will say to do miss it out of hand because it's not a currency that's printed up by government and it doesn't have the full faith and credit of some government behind it, that could be folly also, no? >> let me put it this way. i think what you're confusing here is bit coin versus block chain technology. number one i don't think that coin excels is a scam. that's not the problem for the problem is that by its very nature it attracts people in there that are manipulating it. it set up to be manipulated. there's a viral campaign going around the world for people who know nothing, they have not been through all the bubbles, they don't know what's going on. i broke some laws and i'll tell you, this is exactly what is going on right now in bit coin and these crypto currencies. they're taking these worthless instrumentsç and puffing up a

story that's the next great thing for this is never going to be a mainstream currency. also, one day there will be a chain currency sponsored by the government. you think the u.s. government is going to allow there to be some freedom of currency out there some massive money-laundering. >> i don't disagree with you on that i know there's a lot of bubbles out there. ultimately there might be one, tell me real quick, that dance scene with leonardo dicaprio, could you really didn't like that back in the day? [laughter] >> no. but he's awesome, he did a great job. i don't know how he did it but it was cool. >> jordan bell, thank you very much. i appreciate it. >> up next the best moments of 2017. stay right there. ♪ ♪

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just a few more days left in 2017. let's take a look at some of the highlights from the year. roll tape. >> a fine performance, i think

there's a future for you in television whether you like it or not. >> my daughter, she is waving purge she works for the cbs news hour. wait for the camera lizzie. >> about that. i knew she was here, but i hadn't seen her. >> we are on television right now. >> oh no. oh for heaven sakes. when i going to tell meç that. >> i'm telling you right now so there you go. >> i do want to tell you that it's a great pleasure to have you back on the program. it's really wonderful to see you back in action in d.c. >> it's great to be back at work. >> it's great to see you. it really is. >> it should've been handled early on. and, in the workplace, the people that run the business have the right to say don't do that in here. >> you know it's really great is to be with you, 30 years after that amazing event. >> a lot of people want to place bets, can you tell us exactly what your invention does?

>> my device is a light detecting tool which detects lead in water faster than the current techniques out there. >> your dog, wow, it's interesting. see, i wrote it down.ç >> how did you know that? >> i hope when this is all over we learned truly what happened last year end that president trump acknowledges what happened and tells the american people we will prevent this from happening in the future. >> forgive me for asking but in 1980 you were my intern. [laughter] >> we got breaking news and i'm involved. listen to this. president trump tweeting bernie and company. how about that.

>> there was a favorite bernie moment, they said the rare day when he, barney of course, comes to work. more barney after this. whoooo.

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charles: a lot of good stories today. i think my favorite had to be buzzfeed, adam, you know, 37 things white folks are ruining, and starting off with mac and cheese. [laughter] i just cracked off. you gotta be kidding me. that's hitting below the belt right there. hole social media tg and the online media, it's gotten out of hand and perhaps will be self-correcting. i think generally society is.ç >> i think you're right. i think a lot of people are upset. charles: your favorite? >> parts of siberia that are warmer than the united states. -10 wasñ regular? >> i knew i was in trouble. when i got there, it was springtime, right? but i went to get my clothes, and they handed me a pair of socks that i thought were boots. [laughter] the socks were standing up, i'm

like, oh, man. no, those are the socks! a wheelbarrow. thank you at home for watching. here's the man himself, dave asman. david: all your socks look like boots, you're such a big guy! [laughter] welcome to "cavuto coast to coast," i'm david asman in for neil cavuto. many media outlets ignoring or criticizing trump's 2017 accomplishments. some of the big ones include that big stock market going way, way up, tax reform right at the end of the year, the fight against isis and, of course, deregulation. to our panel for theç hour, "wl street journal" editorial board member mary kissell and crtv.com host deneen borelli. happy new year to you both. >> good to be here. david: let's start with the economic accomplishments, and we have tax cuts, of course.