last thing we want to go is inverted. that is the why we have to find innovators and growth areas market? closing bell rings] i hear bells going off so i'm done. got to find things growing more. liz: steve dudash. up and down day all around. big earnings for "after the bell." david: i'll say. dow logging nearly 300 point swing to close up, looks like closing up 36, 37 points that could change. all about what is just about to happen in this very hour. the two most valuable companies in the world, apple and alphabet, the parent of google, out with their financial reports at any moment. yeah, there is that little book selling company called amazon. that is coming out today as well. this is a day being hailed as the super bowl of earnings. i'm david asman. melissa: i'm melissa francis. this is "after the bell." we're going to bring you the big headlines that will be moving markets as soon as they come out but first here is what else we're covering during this

packed hour ahead. new drama over the memo reportedly showing surveillance abuses against the trump campaign. both the fbi and a top ranking democrat trying to stop the white house from making it public. sources are saying we could seeing it by tomorrow morning. the latest on the developing story. plus president trump rallying republicans today, one of the greatest years in the history for its party. we'll have more on his remarks from the annual gop retreat. have you checked your paycheck today. david: yes i did. i got a big raise. melissa: you may want to look. we all got a raise. many americans taking home more money as tax reform kicks in. former small business administration hector ba rote toe weighs in on all of this. also joining us this hour former fbi official terry turchi. we have political analyst gianno caldwell and tech expert, lance ulanoff. david: i'm getting phone calls

from people and they say it has not been crumbs. nicole petallides on floor of new york stock exchange. we saw a swing of 300 points. i expect the big three about to report? >> we have three big ones coming up we'll bring to you right here on "after the bell." start with the major market averages. the dow is up 36 points. had been up 157, down 134. productivity numbers, to what the atlanta fed said about gdp numbers. raising the gdp numbers. in general, fresh money coming into the market on a new month. s&p did not squeeze out a gain. that finished down one point. nasdaq down 1/3 of 1%. 10-year bond ticked higher in the last hour. it moved up to 2.797. that certainly is a move to the upside for the bond yields that

pressures stocks sometimes as well. then we saw more companies talking about benefits for american workers and that is all on the heels of tax reform that would be lowe's, mastercard, and ups. lowe's paying 260,000 hourly u.s. employees 1000-dollar bonuses because of tax reform. master considered and ups giving positive comments as well. here are the tech names that we talked about. visa in there too. alphabet google, amazon finished down $60, down 4%. we'll watch for that one. david: we have breaking news. amazon is up after hours from where it ended the day. melissa. melissa: scott martin, kingsview asset management and fox news contributor. scott, are we reacting to this right now? >> the reaction is by the way -- melissa: okay. david: the stock is trading way up after-hours. we're still looking through the numbers. melissa: all right, scott, you see it trading up.

what are you looking for in this earnings report? >> looks pretty good, melissa. some cloud business numbers will be interesting. that is a major growth engine for the company. really the fact, melissa, i think amazon's quarter is going to show they can basically do whatever they want. one of the funny things about amazon, a knock on them if there was one, this is many quarters ago, they are not making money. they were spending money for future growth. nowadays beat on top line, doesn't beat on the bottom line, doesn't matter they're investing in the future the health care news from amazon. that is great. i'm sure the stock is doing well. melissa: fourth quarter results. he will give us some numbers to fill in the blanks. >> that's right, melissa. eps is where the confusion is. we have non-adjusted at 3.75 a share. revenue, 65.5 billion, that thaa beat. north american sales right in line. international sales at

18 billion. that is up slightly more than expected. amazon web services which is the all important cloud unit that is coming in at 5.1 billion. that is up 45% year-over-year, and is in line with expectations. these are very strong numbers indeed. we're trying to get adjusted earnings per share number for but overall, first blush, guys, we're seeing reflected nice push you upwards on stock after-hours. seems to be a very strong report. melissa: okay. let's go back to scott to talk about that a little bit. the concern with amazon is always they are spending so much money as it comes in that if they ever do miss these spectacular numbers, or start not performing, the stock is going to fall precipitously. does not seem the to be the case this quarter for sure. >> no, they got through another quarter without that happening. you're right, the margin of error on the top line for them, the ringing of the register, top line revenues is thin, i will

admit. i point out they did beaten at top line. that is why the reaction is good. eps number not that big of a deal. we talked about they spend money to make money and lose more money to make money in the future. the aws number is higher than what analysts were expecting so that's good. also the fact if you look at amazon with respect to holiday sales, melissa, were off the charts. myself admittedly, hate to say this on national tv, i bought gum on amazon. melissa: no shame. who wouldn't. >> absolutely. melissa: lance, i see you pour through the numbers looking at your phone. tell me what is jumping out at you. >> so many big numbers. amazon is killing it. they don't get into details how many gadgets they sold. so it is just, these numbers are super big. 16.5 billion. aws is the thing that is not a surprise at all. i saw physical stores noted in here for the second quarter which i think is interesting.

but you know, things like the new areas like amazon go where you can run in and walk out an buy stuff, that is really not going to have much of an impact. it is really about them innovating. melissa: we have breaking news on alphabet which of course is the parent company of google. nicole has the results. nicole, go ahead. >> taking a look at alphabet earnings. we're looking at earnings per share and also by the way, the stock is down 4.7%. so we're looking at the earnings per share. that was a miss. came in at 9.70, versus 9.98. revenue, that was a beat, 32.3. you see the stock is down 47 bucks for alphabet google, down 4%. what is interesting i was looking for, cost per click, things we look for google. how many clicks and what is the cost. obviously they want to make money on it and that dropped 14%. the other thing too they had to take a writeoff for taxes as

many companies have done. that is another biggie big picture the stock down 4.4%. back to you guys. melissa: nicole i was going to mention that miss on earnings while they beat on revenue would have to do with the one-time hit they're taking based on bringing revenue back from overseas. we're seeing a lot of tech companies doing that let me go to david for reaction. david: this is interesting, scott, this is the exact reverse what we are seeing of amazon. amazon one of those companies that divertsfieded itself into infiniti. they're even getting into pharmaceuticals now whereas google, you think of google, you wonder whether they lost the ability to adam to as many different products as amazon has? >> you know, on the surface, david it, would appear so. i'll tell you, there is a lot of exciting things going on at google, man. waymo, self-driving car division. david: investors are not impressed down 4%. >> i agree. i will draw a different parallel

with the opposite of amazon which high lighted, david. this could be the facebook scenario we saw last night. the initial reaction was to sell on some of the facebook numbers. we saw today what happened when the smoke cleared. i think same thing could happen here with beat on the top line once we figure out what the drag is on the bottom for google. david: lance, what do you think? >> that is very different company. google is realizing on advertising ref gnaw, that is so much in flux. compared to amazon shipped five billion items, they shipped physical items. amazon is selling stuff. it is a great way to diverse sigh so you can sell more stuff. google is selling eyeballs. that is the core of their business that scares people the most. i don't know if they mentioned something about it, google selling a lot of hardware. this is the first big quarter where they pushed google home services and google assistance and home max. this was supposed to be the big holiday season for google and

hardware. david: amazon, that stock is going up after hours. ashley has more news. >> we're getting into this a bit more, david. strong revenue surge thanks to strong holiday season. we know how popular amazon was over the holidays. their sales of alexas, i'm still not finding hard numbers, but say the alexa sales far exceeded expectations because of that and the strong holiday season for amazon their revenue surged 38% in this quarter. melissa: ashley, thank you so much. scott, you know the problem with all of these companies i think that would make me nervous as a shareholder is the idea that you read more and more articles about them being the last bastion of really the wild west. that they know everything about you. they know everywhere you're clicking. they know everything you own. now they're going to know about your health care. it is not terribly regulated and, one day washington will wake up to that and begin to really hamstring them the way

they have the banks. i mean for better or for worse, i think for all of these owners of these stocks there is a real regulatory risk. maybe that is one of the reasons you see them all trying to be nice to trump right now. what do you think, lance? >> i mean, yes, i think right now, a lot of these companies are in really weird position because they rode hard against trump. melissa: right. >> prior to the tax changes and now we're seeing this real impact on their earnings and what is going to happen with paying money, making more money. so there is a very weird moment. they do want to get into these other businesses. >> right. >> the push into health care is not just amazon. apple is very interested in the industry. melissa: the more they do, scott, the scarier they are and more you see washington gunning for them, right? >> i would agree. i would say the flipside, melissa, the more they know and do around your house the easier for your life. that is your father's and mother's antitrust thing. making business harder and making it more costly.

they did the exact opposite. amazon prime is raising prices. something they should have done a year or two ago. >> big time. >> amazon prime is still probably best deal on the planet. gate weigh drug to massive internet spending. all great things amazon is doing making everybody's lives better. melissa: i give you both that. there you go. david, go ahead. david: so amazon is up. alphabet is down. we haven't her from apple. we'll get to apple at the bottom of the hour. meanwhile letting americans see, sources telling fox news that president trump intend to declassify the gop house intel memo alleging surveillance abuses by the fbi against the trump campaign. house democrats are throwing a fit about it, there is no other word, nancy pelosi calling for removal of house intel chair republican devin nunez. we have a former deputy assistant of fbi's counterterrorism division. terry, i must imagine you love the fbi as much as you love your family, your extended family.

some people say if you love the fbi you can't be in favor of releasing the memo. what do you say? >> well, david, you know, when you love your family and you are close to your family members you have to do something that is very hard to do, have some tough talk when somebody has done something wrong. or when there is a question of right and wrong there is some confusion about the perception on. i think the fbi will be far better served to have this memo out. i don't know what is in it. nobody knows what's in it but i know the, and i understand the national security issues that they're probably worried about, and probably worried about setting precedent but we've been there, done that before. we had a big discussion, david, during unibomb about publishing the manifesto. people were coming literally out of their seats because they said we can't not to establish precedent. david: i remember that. >> it will create all kind of problems for future and probably not going to work. it did work and we never had

another terrorist try to extort us. we have got to move on and understand whether we're in the fbi or not, this is extraordinary situation. the fbi will heal faster to get on to deal with this and get on the role they still have to perform once it is you out. david: there is another thing about this, terry, a political aspect. when i hear democrats talk about classified information and future of fbi, i think back to all the history of leaks of classify information come out from democrats, all of the criticism of the fbi that has come out from democrats i can't help but be skeptical, what do you think? >> i think that is just kind of laughable and kind of a fake empathy. i give you a quick example how i feel. you remember the text message exchange between peter strzok and lisa page where they're talking about the idea, they're getting ready to go into the interview of hillary clinton. she is very powerful. she could be president, she could be our boss. i got to tell you i just

shuddered, in 30 to 40 years being involved in these things never once did a fbi agent tell me they were worried about sitting at table of powerful person. if that is the fbi the democrats are defending, then let's get on to the old fbi. david: it happens with institution like fbi that does deal with secrecy, when you have a government institution like that, you have to monitor it, once in a generation you have to fine tune it to make sure it is not overstepping its boundaries. finally the key for me, terry, is whether or not a fisa court was misdirected to give a fisa warrant that allowed spying on one political party based on the trump dossier which was cooked up and paid for by the democratic committee. that goes so far beyond the boundaries of political bias. is that the most important thing for you to listen? >> well it is very important because as you said take two cases. one is national security, one is

a criminal case in the hillary clinton email case, and those two cases, you follow the trails, and those trails intersented and they all come back to that political question. let's face it, the reason we're all so mystified about this, you can not put to the side the idea of 3/4 of a million dollars being given by terry mcauliffe and democrats to high-level fbi official. that caused a real problem here. because if that weren't in the mix we would probably be talking about this a lot different that is the unanswered thing people are wondering about. we have to get all of this out in the open. david: the other unanswered thing, what that insurance policy was all about these people who hated trump, were doing everything they could to prevent hillary from going to jail and trump from going to the white house. the question is, whether it really used the tools of the fbi in order to pursue those ends. we have to find that out. terry, thank you very much for being here. appreciate night you're welcome. melissa: breaking earnings,

amazon announcing fourth quarter sales up 38% to $60.5 billion. the company said fourth quarter earnings included provisional tax benefit of the tax overhaul of approximately 789 million. the company is up after-hours. look at alphabet, the stock dropping after-hours following an earnings miss. david: we still have to hear from apple. apple is coming out 15 minutes from now. we'll cover that live. meanwhile, house minority leader nancy pelosi continuing to blast tax reform but president trump is continuing to have the last word. hector barreto on taxes on small businesses. that is coming up. melissa: urging lawmakers to find common ground with democrats but will the effort lead to a immigration deal? john decker with his take after the break. ♪

>> we're going to have to compromise unless we elect more republicans. in which case we can have it just the way everybody in this room wants it. we have to be willing to give a little in order for our country to gain a whole lot. melissa: president encouraging republicans at their retreat today to extend an olive branch to democrats if they want to get more work done. our next guest was in the room at the greenbrier during the president's speech to the gop. he got a round-trip flight on air force one. john decker from fox news radio. he is also a board member of the white house correspondents association. tell us what did you hear, what was it like? give us color from someone who was there. >> well, sure, a day trip for the president. flew from here at the white house, marine one, to andrews and to andrews directly

to the greenbrier. i have to tell you, melissa, that the energy level i sensed the other day i was in the house chimamanda per for the president's state of the union address. there was much more energy on the republican side on that address than there was in the room. maybe some of it stems from the message that the president delivered to republicans, house and senate and republicans, you played a clip of that, idea of compromising particularly on the immigration issue, many house republicans particularly those in the freedom caucus don't want to do. melissa: do you think it was the train crash? that could have sapped a lot of energy as well? >> obviously a lot of members in the room dealt with the tragedy yesterday but the focus is looking ahead to the midterms trying to keep control of the house and the senate. trying to gain more numbers in both of those bodies, because, let's face it, in the senate in particular, 51-49, that is a little too close for comfort for

senate majority leader mitch mcconnell. melissa: sure, but in so many ways, a lot of people say 2018 will be referendum on the president. if you look at the response from the broader public to the state of the union the other night, they felt good bit. you know, it seems like that's beneficial to this group. they may not be excited about compromising on daca but that was one of the things that many americans responded to, the idea that he was saying let's stop playing politics and let's get the job done. >> i have seen those polls and the polls are very good as it relates to the president's message he delivered at the state of the union the other evening. i agree with you, i think for those naysayers say it will be a very bad year for republicans, reflective of the president i have to disagree. when the midterms election happen, the president is not at the top of the ballot. and people that go to the polls all across the country, they vote for their individual member. most people across the country are happy with their own congressman or congresswoman or their own senator.

the problem being of course is that it is going to be very unique year. they have to run to make certain they have more legislative achievements in 2018 with the success they had at the end of set of with the passage of the tax cut bill. melissa: what sense did you get what is next? what are they going to tackle? >> they spent a lot of time this weekend, and they're continuing to do so now on infrastructure. that is the thing they can compromise, get democrats on board. nancy pelosi, house minority leader supported that in the past. they believe they can get democrats to support a major bill that would improve the nation's airports, highways and bridges and ports across the country. melissa: john, thank you so much. >> thank you, melissa. >> breaking earnings news. visa reporting first quarter results. earnings per share of $1.08. that petes its estimate of estimate of 99 cents.

it beat on revenue of $4.8 billion. visa raising the dividend. the stock is down half a percentage point there, down about $34 a share. the company also reported its total process transactions were up 12% but just shows you, melissa, some of that good news was already cooked into the stock price. melissa: yeah. the war of words continues. maxine waters slamming president trump in a rebuttal of the state of the union. are the constant attacks from democratic leaders bad for the democratic party? new fund-raising numbers comming up. david: president trump taking a victory lap on tax reform. he took it earlier today touting apple's commitment to the u.s. economy among others as we await the tech giant to report its earnings any moment. ♪ >> is investing $350 billion. when i first heard the number i

said, you don't mean billion, you mean 350 million? this would have never happened without us. ♪

♪ ♪ ♪ ♪

david: apple releasing its first quarter results. we have our panel with us and heath herzog. there a lot about the iphone x not selling. if true, why not? >> people have been saying that. the people look at foxconn

numbers. fox con what manufactures these phones. they had one of the best decembers year-over-year. year-over-year, based on that, based on numbers either apple overbought and people are not buying those phones and people are buying those phones. increase for fox con was. david: we are just getting the apple numbers out right as we speak. the stock is down about 1 1/2%. we wait to have see, dig through the numbers. people ney say apple and say they lost their magic touch. that they don't have the juice anymore. is this one of those times? >> never bet against apple. they typically blow numbers out of the water. david: let me talk about the numbers with ashery, as we. >> earnings per share $3.89.

that is three cent beat. revenue 88.3 billion, one billion dollar beat. that is 12% gain year-over-year. so the headline numbers are good. just quickly at things like other products, of course iphone is the big one, iphone unit sales, 77.3 million. 77.3 million. a lot of estimates for 79 million. short on iphone sales over all. gross margins ad 3, to 38 1/2 for the next quarter. other services which includes the apple watch, frustrating, they never break out the apple watch numbers, but they have the beats headphones. nice beat in that particular category, 5.49 billion as opposed to estimate of 4.6 billion. i will continue to dig. david: please do. i don't think they have broke out the iphone x numbers. melissa: no, never. david: from all the iphone numbers. we'll wait to see how that works

out. melissa: back to the panel now, lance, what do you think of that? 77.3 million on the phones. as we said, we don't know how much we break it out, and how much is iphone x. >> right. so they didn't beat last year's number. it is right within range of it. but, there is going to be questions, because you are selling, what the iphone x, most expensive phone ever, they did really well, you would expect the number to be even bigger, tim cook in the past leading up did say there would be biggest quarter from earnings standpoint, and mix is now not just the iphone, other things surging up like services and other products, but he will have to answer questions about that number in particular, so many questions about demand for the iphone x. melissa: hitha, how do you reconcile we looked at fox con numbers, now this number, what do you think of the 77.3?

>> they said increase apple iphone price would increase 10% revenue bump up for apple. so we're not seeing that. so something is clearly amiss here. and, to lance's point i think we have to look at what else they are selling. we have to look at the music. we have to look at other services they have. also what will they do with $253 billion overseas. everyone is interested to hear what tim cook is going to do, clearly said to the president almost $530 billion come back to the united states next five years. melissa: great point. >> people are really interested to see what tim cook has to say. melissa: let me bring in scott. we saw it turn positive but now dipped again. that is a great question. what do you want them to spend money on? >> really key point for me for apple, lance said you don't want

to bet against apple. they lost kind of the music race. they botched home mod thing. they will not win against amazon echo. if you look at iphone x it's a mixed review so far. yes, maybe lack of sales so far in q4 will be pulled forward into q1 as they get some of these things fixed. you have issues with the slowing process down so tea battery. that was not good for pr. melissa with all the cash of a great value they had a long, long time, having a strategic partnership with content creator distribution would be really nice to see. melissa: lance, that is true. we are looking at the phone sales. i have apple tv. you have to reboot them every day. it is not a great product. >> i like apple tv. i think content side will be something having to watch. that is something they pour money in. one thing i noticed sequential change in the iphone, revenue went up 113%. that may be because of iphone x because even though

they he sold slightly fewer -- melissa: so darn expensive. >> that is kind of interesting. you're seeing impact of iphone x on those numbers. melissa: okay. david: there is question about the tax rate, how they're going to be affected by the new tax rates in power. 2016, they paid 25-point% -- 25.8% of their profit in taxes. scott martin, next quarter they have tax rate of 15%. the fact they paid $38 billion in the last quarter, and for all the money moving back from overseas. >> that is massive david. that is something to be shown with passage of, one idea of the stimulus here. you have to wonder if some of that data is already in the stock. we saw a lot of nice rallies in tech. not just apple but some other similar companies rally hard in january, in anticipation of those numbers being revealed.

great to see -- david: scott, as investor, do you calculate on your own, i imagine you do before the numbers come out, knowing what the new tax rate is going to be, how much a company might save or have to pay? >> of course. because as we look at these companies, there are many we own, talked about today, amazon, google, apple, we owned it for a long time, we want to know what impacts of these passages are. when you look at these comments great to see we're on track with those. david: lance, hitha brought up subject of what apple will do with all the money they bring back, $350 billion over several years. what will they do with the cash? >> building new facilities in reno, nevada. we know they're opening facility there. they're investing all over the place. they will probably buy more companies. they are going to work on investing in the app economy which they think is very strong. so they will pour the money into a lot of different things but i think, as i said before, one of the things they might pour into building their own homegrown

content on apple tv. david: we'll see. ashley has more details from the numbers. go ahead, ash. >> to your point of frustration not knowing the iphone x actual numbers, tim cook, apple's ceo saying look, this quarter included the highest revenue ever from a new iphone lineup. so, without the details, they're saying the revenue is very good, looking sales around the world, revenue in greater china, up 11%, sales in europe up 14%. up 26% in japan. worldwide they were doing okay, but, frustratingly we can't get those numbers with regard to the individual iphones. especially that 1,000-dollars, if you sell less, sell them at 1000 bucks a pop, revenue will look pretty good. david: scott, the p cares about sales overseas, but what he cares more about bringing money back to the united states and growing various companies or expanding companies like apple right here. do you think those expansion plans are going to pan out?

>> they might have to, david, because talking about the tariff wars, talking about on the shows couple weeks ago with the washers and dryers. remember the apple iphone has a lot of foreign parts. if you look at the objective of the administration which is fair because he will listen to some ceos and figure out what may be best for the worker and company, get production back from stateside, so we start making more of these things in the usa. david: good stuff. scott, hitha, lance, thank you very much. appreciate it. melissa: you might make more money today beyond the look out for those crumbs in your paycheck. next, hector barreto, former small business administrator, sounds off on how tax reform impacting american business and its workers. >> if congress sends me a bill before christmas, the irs, this is just out this, is breaking news, has just confirmed that americans will see lower taxes and bigger paychecks beginning

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>> we got hit with these corporations giving tremendous bonus to everybody that nancy pelosi called crumbs. that was a bad -- that could be like deplorable, does that make sense, deplorable and crumbs? when people are getting 2,000 and $3,000 and that is not crumbs. that is a lot of money. david: president trump in west virginia slamming nancy pelosi calling the tax bonuses quote, crumbs as americans across the nation starting to see pay increases in their paycheck this is week. is that crumbs to small businesses as well? here is hector barreto, former u.s. small business administrator. i have to ask how you felt when

you heard nancy pelosi say, what i felt, this is definition of limousine liberal, the richest woman in congress talking about $1000 bonuses and $6,000 increases in minimums wage being crumbs. >> that is right, david, unbelievable. we have small businesses out here in california than any place else. you heard the statistic, many families, six in 10, don't have $500 for an emergency. if you're giving millions of people, thousands of dollars, they can do a lot of things with that. they can help pay for school. they can pay for emergencies, health care, all kind of things, it is just, they're out of touch. they don't really understand what working people and small businesses do every day. david: by the way, they can buy things that american companies make as well. small american companies have also been getting hit by democrats. they're saying, this will not help them at all. but just news from the small business administration that there are plans to increase compensation levels to the highest level in nearly 30

years. so clearly small businesses are making the same kind of investment decisions based on the tax policy then the big corporation. >> no doubt about it. 2/3 of all the net new jobs come from those small businesses. for the last year, they events been hiring because they have been nervous, they have been afraid. so they are much more optimistic now. and as you and i spoken before, when you and i have small business they put it back into the business and take fancy vacations, they don't buy fancy new cars, they spent it on their people which is very positive. david: 22% of small business owners say the biggest problem with our small business is not businesses and regulations but finding enough workers. >> that is right. small businesses are growing, very, very fast. they're 52% of the economy. there are over 30 million of them. they're all competing with each

other and with big business to get the best talent. this is positive thing. you heard unemployment rate will continue to go down. we're almost at full employment already but there is a lot more to go. david: hector, you're not a politician, you focus on business. i have to ask the political decision and pelosi and other democrats to say these are just crumbs, it will not pan out, when people see for themselves how it is panning out, how do you think it will affect the november election. >> i think it is already happening. people don't pay attention to what politicians say. they pay attention to what they do. many politicians have been making promises for years, for decades, for their whole career and they never deliver. finally seeing administration starting to put points on the board. i think it is making them nervous. it is making them desperate and why they say some of the things they're saying. david: hector, thank you very much. appreciate it. >> thank you david. david: melissa. melissa: apple shares dropping after-hours following a earnings miss but pricey iphone x raise

the average iphone selling price and boosted smartphone revenue, apple saying number of iphones fell by 1%. amazon up after-hours. the e-commerce giant reported beat on fourth quarter earnings. amazon reported 38.2% jump in revenue, driven by surge in online shopping from the holiday season. results including one-time benefit of 789 billion from the tax reform legislation. david: jeff bezos already richest man in the world. he must be up a few billion. melissa: must be nice. david: must be nice. taking heat from the democratic congressman but is this behavior backfiring on the dnc and their fund-raising goals? i'm thinking...

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>> he is a dangerous, unprincipled, divisive and shameful racist. this president with his vulgarity and his disrespect for women and people of color is a terrible role model for our children. melissa: congressman maxine waters slamming president trump after his state of the union speech. could comments like this from the left be the reason for low fund-raising numbers in in december the rnc raised over $11 million, while the dnc brought in a little over five million. joining me to discuss all this, giano caldwell, fox news political analyst. she went on the fact there should be warning to parents when you know, tv-ma on the

screen when ever president trump comes on so that kids can't see it. you know, censoring things you don't agree with, what do you think about all this? what impact is it having? >> you know what? interestingly enough, a lot of people, a lot of maxine waters colleagues don't take her seriously because at this point it looks more and more she is doing this for ratings, exposure, going viral, and interestingly enough, you keep her saying impeach 45, impeach 45, but yet she never filed any articles of impeachment. so at this point i believe she really wants to keep the issue alive so she can continue to blow up her exposure. does it impact dnc fund-raising numbers? absolutely it does. in addition to the fact that her rhetoric, they don't have a message in general. melissa: i would think this would help though. i would think it would help fund-raising, because when you sort of scare your group about what, the person in power, that

it tends to motivate people to get off of the dime, i mean you look at when there are attacks on planned parenthood, they use them to fund raise. it seems like there would be a way for democrats, especially going to go out to scare your constituency over, you know that he is racist, and, they're very existence is in jeopardy and their rights are in jeopardy, that would be a great way to fund raise. i'm surprised that it is not working. >> so, let me just make this point really quickly. if you recall, back in, from obama's, both terms, whenever we would question policy on behalf of president obama in terms of what he was doing, people were saying republicans are racist. this has been a trend for many years. so at this point when it comes to the term racist, i mean it has lost its value, it has lost its impact. i can't imagine because they say president trump is racist, that fund-raising numbers will go up.

when it comes to planned parenthood, usually the fund-raising numbers goes up because there is some legislation in the pipeline and they're saying, hey, we need to raise some money because republicans in congress are looking to take away your right to have an abortion, whatever the case may be that is issue they can raise money off of. calling president trump a racist is not something that has same kind of value for anyone, because it doesn't really mean anything anymore. this identity politics has really lost its flavor. why we're in the position we're in now. democrats are losing. they have identity crisis right now. they just don't know what to do. they're using the same playbook they used for many years. melissa: seems like, in the response they threw some out there, 15, 17, 25 responses i'm kidding, throwing the spaghetti at the wall, which stuck the most? kennedy got most pickup because he was first one but -- >> kennedy was extremely boring

though. what they're trying to do is put a new image of the democratic party but just man this guy, who didn't have, in my view any personality whatsoever, he was a mix of obama and bernie sanders talking points. the only real difference was the fact that he was young. melissa: yes. >> but he was legacy kid. he is kennedy. they need to bring out somebody exciting for their base. they don't. they have an issue that won't go away. why president trump, you know, we saw the tax reform with gop tax reform, this is going to excite the republican base. folks are going to come out and vote again. i don't think we'll lose as many seats we thought we were going to lose before. if we lose any. maybe this is that one time where we might actually pick up seats, if the marketing something right. so this is, this is an identity crisis for the democratic party. it will not stop. melissa: gianno caldwell, thank you. david: it is about the economy. that is the bottom line. look at apple shares, dropping slightly after-hours following a

earnings beat. the cfo is in a conference saying the company currently has about $285 billion in cash. $122 billion in debt. this is in an interview with dow jones. he said apple will outline plans for overseas cash coming home in next couple months. melissa? melissa: they served our country and put their lives on the line. now the heroes are going for gold. seven army soldiers compete in the winter olympics and in the bobsled and luge events. two won medals at vancouver and sochi games. these seven helped make the 242 member u.s. olympic team. we wish them best of luck. david: how exciting. good for them. active servicemen in the olympics. secrets and lies could be exposed. what we could know about the controversial surveillance memo as soon as tomorrow morning.

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. >> very interesting news from the corporate world. cbs and viacom have formed a special committee to explore a merger. what the company say is the first step in potentially reuniting the companies. as you might remember, they were split apart by sumner redstone about a decade ago. melissa? >> interesting, bombshell memo could be made public as soon as tomorrow morning. sources telling fox news that president trump will declassify a controversial memo about alleged surveillance abuses at the fbi against the trump campaign. >> white house official says the president has read the memo, though it remain under review once the president approves its release, the white house will send the memo back to the house intel committee which has the authority to release it to the public, but again, they will probably find certain issues they have to redact. certain issues they have to black out before they release it. but finally, the public will have a chance to see for

themselves what all political sides have a different opinion on. >> yeah, some of the interviewing today, have you congress people saying people at the top of the fbi, multiple people could be embarrassed by this. we will see. tune in. >> we'll be talking about it tomorrow. >> yeah, "risk & reward" starts now. >> these corporations giving tremendous bonuses to everybody, that nancy pelosi called crumbs, that was a bad -- could be like deplorable, does that make sense? deplorable in crumbs. i hope it has the same meaning. called it crumbs when people are getting 2,000 and $3,000. liz: three tech titans out with earnings, apple, google, amazon following reports, amazon best sales growth in nine years, apple gave a downbeat sales forecast for this quarter. and google's parent hit with a tax related charge, and no tax cut bonus