20% share in the occur market. [closing bell rings] liz: we'll put all your choices on facebook.com @lizclaman. brand knew records. two in a row for the dow. fourth in a row for the nasdaq. that will do it for the "claman countdown." connell: this is new normal on wall street. stocks closing at record highs. craziness if washington but on wall street dow up, up and away. 17th record close for the dow. 17th for the year. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." s&p 500 fighting for records at the close, appears to end in the green. there we go. we like that. it's a record. 30th of the year. both s&p 500 and nasdaq closing at record highs for the fourth straight day. we have fox business team coverage. hillary vaughn is on capitol hill. blake burman is live at the white house. gerri willis on the floor of the new york stock exchange. edward lawrence is on the ground in d.c.

let's kick it off with blake. >> on the eve of the impending vote in the house of representatives likely tomorrow night president trump has just sent this five-page scathing letter to the speaker of the house, nancy pelosi. the president saying he is doing so to put the words on paper, quote, for the purpose of history. the president writing at one point, saying, of democrats, quote, you are the ones interfering in america's elections. you are the ones subverting america's democracy. you are the ones obstructing justice. he also writes of pelosi saying quote, even worse than offending the founding fathers you are offending americans of faith by continually saying i pray for the president when you know this statement is not true unless it is meant in a negative sense. it's a terrible thing you are doing but you will have to live with it, not i. that the president to the speak of the house. speaking of the president, earlier today, here in the oval office he hosted his counterpart

from guatemala. the president tied likely i amment vote or impeachment trial that will follow in the state of the senate to the fate of the usmca vote in the senate. the president saying mitch mcconnell will be the one to decide whether that usmca vote goes before or after a senate trial. watch here. >> we'll also have to decide when we take the vote for the usmca, a very big, very important deal, very, very important deal with mexico, canada, ourselves. we'll have to decide whether or not that comes first or second. to me i would let the senate decide on that. reporter: when you look at timing, connell and melissa, the impeachment vote in the house, likely tomorrow evening, assuming that passes along party lines. the senate trial will begin to kick off 2020. the question is with usmca become before or after. if it is after, how long would the trial take, would it be days or potentially weeks? back to you. melissa: i know what i vote for, usmca. thanks, blake. connell: leave it up to the

senate. taking a step to avoid a looming government shut down the house did approve what turned out to be nearly $1.4 trillion spending bill today. so i guess check the box on that one. hillary vaughn on capitol hill with the details for us. hillary? >> connell, the senate is expected to pass a spending package the house approved this afternoon to successfully dodge a government shutdown to send it to the president's desk. the $1.3 trillion spending package was a deal reached between republicans and democrats. there is something in it for everyone. >> i'm particularly thrilled to see, to say good-bye to the medical device tax, to the health insurance tax, and of course the democrats are excited to get rid of the cadillac tax. reporter: the package repeals three obamacare taxes, medical device tax that was scheduled to take effect in january, a tax on health insurance and the cadillac tax, a 40% tax on high cost employer health plans that ended up hurting a lot of union

workers that negotiated better health care plans. the deal raises the age for purchasing tobacco to 21. that also applies to e-cigarettes and vaping devices. the defense package adds $22 billion more for defense spending compared to the last fiscal year. it officially makes the space force the sixth branch of the military. it includes a biggest pay increase for military employees in a decade, 3.1% raise. the republicans security spending for a border wall system something democrats fought against. it includes 1.3 billion for the border wall t gives the president more flexibility where he can build the wall. democrats secured some wins. 25 million for gun violence research. 425 million for election security grants, 208 million more in spending for epa. but budget hawks are not winning in this deal. it added a lot more to the deficit. just repealing those three obamacare taxes alone, it is predicted by the cbo that will

add 400 approximately dollars to the deficit over 10 years. connell. connell: that happens when there is something for everyone. hillary vaughn on capitol hill. melissa: the dow closing at new records for the 103rd time under president trump. let's go to gerri willis for details. >> medical -- melissa, boeing, j&j caterpillar, all stocks doing well indeed, most surprising of course is boeing after news that the company was suspending production of its 737 max jets. that announced last night,ing out out in markets today. the stock was back and forth over red, green, back and forth, finally ending in the green. here is something interesting. first grounding of 737 max jet in march, shares of boeing plunged 22%. in the process shaved 630 point off the dow, without that drag, from boeing the dow would be less than 100 points away from

29,000, darn it. don't you wish that boeing was not in the dow? okay, so you're seeing here, since the max grounding the performance of boeing here, do i have to tell you on the year, boeing shares are actually positive. i believe the stock has done astonishingly well given the slate of bad news out there about it. we follow the story all day long here as traders watched it carefully. back to you. melissa: gerri, thank you. connell: now as we look forward, betting big on 2020. stocks are poised for another year of double-digit returns, at least according to the analysts at piper jaffray. so love these segments this time of the year. are they right? will ryan joins us, granite shares ceo. crystal ball type of december talk. not only piper jaffray, but bank of america merrill lynch, talking about risk assets melting up at the beginning of the year. what is your out look for stocks heading into the new year? >> they're, connell.

increasingly people are getting very excited about 2020. a lot of bullishness in the market. i think down to probably three major factors. one, more positive news coming out, particularly around the china trade deal. the fed has been increasing the balance sheet pretty significantly. i think coming into the election there is optimism that the president and the administration will do whatever it takes in terms of -- connell: you buy it, essentially? >> i do. i think i'm positive for next year. we obviously out of the uk a big market bounce after the election as well. this can continue here for next year. melissa: major economic boost. ford announcing adding 3,000 jobs and two factories in detroit, and investing nearly $1.5 billion to build new pickups, suvs, electric vehicles. this is great news. what do you think? >> i think it is. this is great news. a big trend obviously in terms of putting more money into the auto spaces. this is primarily around the new bronco, i believe which

obviously the old bronco has become a cult classic with investors. melissa: yeah. >> so i think the new one will hopefully do well. also the smaller pickup truck, the ford ranger. but also the autonomous vehicle, putting the new propulsion systems to play. so i think this is good news. another positive sign that companies are willing to invest and are confident enough to do that in this environment. melissa: it is a heck of a lot of jobs. that is excellent. will, thank you. >> thank you. connell: news about a record low on this day of record highs. corporate tax revenue, reportedly on track for a record low. edward lawrence picks that story up on capitol hill. edward? >> connell. new study by institute of taxation policy lowering corporate tax rate had big impact on the irs. loaferring the corporate rate to 22%, the effective rate according to the study is just 11%. democrats jumped on this

companies need to pay more. other think tanks said yes, when you lower corporate tax rate they will take in less money. however the cato institute says this study is skewed does not take into account one-time deductions, that taxable income reported to the irs is not made public. the cato points to different gauge, marginal effective tax rate. canada did the comparison to see how their tax system stacks up to the u.s. the canadian finance system found u.s. marginal tax rate is 18%. democrats want to be president, jumping on the fact that companies like amazon are not paying their fair share. >> let's build on the things we care about for each other. let's ask amazon, pitch in a little more so we can build an america that works for our children and for our grandchildren. i think we can do that. because i believe, in the worth of every single person and i believe we can build a government and a country that reflects those values.

reporter: amazon a favorite target of senator elizabeth warren. republicans believe that by lowering the corporate tax rate it does open up companies to add more jobs. democrats say that companies need to pay more because that money should go and help the poorest of americans. back to you. connell: edward lawrence for us on capitol hill. melissa: only thing about this, flies in the face i was looking up before, back on october 11th, cbo announced tax receipts for corporate revenues were up 12% on the year. i don't know the different data set. they said you lowered tax rate and more revenue coming in. connell: they were saying more coming in. overall the number is down. melissa: so that is kind of opposite. connell: it is opposite. cato had some bones to pick with it. melissa: interesting. connell: just numbers. melissa: cash, you would think we could count it. we'll find the disparity somewhere. sets up a high-stakes clash. democrats are being met with intense reactions from

constituent back home. we'll talk to james freeman from "the wall street journal" about implications for 2020. connell: major credit card companies warning holiday travelers of a new kind of cyberattack. what you need to know to protect your wallet is coming up. melissa: unlikely business is making a comeback ahead of holiday season, vinyl. connell: what? melissa: we're taking you to a processing plant in california later this hour. remember when joe biden put the record player on? connell: that's right. melissa: he had it right. connell: we'll be back. most peok of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation...

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[shouting] >> liar. liar. liar. liar. liar. [shouting] >> okay, guys. all right, everybody. >> i'm thrilled to see such a great turnout today. let's please, please let her speak. >> thank you for joining us today. >> please let her speak. >> people around you are here to listen. melissa: wow, that is a lot of pushback for those democrats when they went back home. complete chaos broke out over weekend at town hall. the first one you saw was congressman adam schiff.

they were screaming at him that he was liar. speaking out against house democrats decision to move forward with impeachment. with me, james freeman, coanchor of borrowed time, "wall street journal" instant editor of editorial page. also fox news contributor. we could not have butchered your introduction more. >> that's all right. melissa: both ship ship and elissa slotkin got when they went home from angry constituents. what does it mean? are those vocal people or how the constituent people? >> it can mean something. i think in adam schiff's case, i think you can quarrel with the manner and moment that the protesters chose but i think he earned the anger of a lot of constituents. the number of significant falsehoods, politicians say falsehoods is not news, but the number of significant falsehoods he told just on fox news on

sunday was just appalling. his claim that he was unaware of, was not, did not know that these abuses had occurred in the fisa process in early 2018. he could not be unaware. he was responding to a memo from devin nunes that laid out the whole problem. and he sat on this evidence, this classified information and just to give you the full context for your viewers who don't realize, adam schiff, during the bush years, talked non-stop about the need to rein in fisa and the fbi's potential for abuse. he sat on the information, exculpatory information that made this fisa application completely invalid for years. melissa: what is astonishing to me, even though a lot of these representatives are getting so much pushback when they go home, you still have people in the house, "politico," house vows to

include impeachment probe regardless what happens in the senate. they will keep it going. in the real world, there is movement on a spending bill, actual business. the house approving a $1.4 trillion plan. we have to wait for the senate vote on it, kellyanne conway hinting that the president could sign the spending bill. there is all kinds of stuff in there. money for the wall. pay raise for the troops. there is all kind of real business going on in the background. what do you think? >> i would love to say this is kind of the lighter side of this story. on the other hand we have some good news, compared to this appalling series of falsehoods from adam schiff but the truth is, there is a lot of bad news here. this is the area of the federal budget, discretionary spending where, unlike entitlement programs, social security, medicaid, medicare, growing very quickly, lawmakers can actually choose to rein in each year and they didn't. $50 billion more in spending. this is another looks like trillion dollar deficit when the

fiscal year ends next fall. yes, you mentioned pay for the troops. i think everyone would support that but there is also a pay raise for civilian employees of the federal government. way to go bureaucrats. here is a raise. this is maybe one casualty of all of this impeachment circus is that we haven't had the spending debate we need. the spending debate restraint we need in washington. melissa: they never have the spending restraint. >> it is true. melissa: you have to take away the credit card. one thing they can always agree on spending more of our money. james i'm totally depressed. thank you. >> sorry. connell: we have divisions at facebook coming up about how they should deal with politics. why one billionaire board member saying, leave the political ad policy in place that is already there. a lot of back and forth over that. plus boeing we talked about, halting production of the 737 max. how will this affect the airline and real people? how will it affect travelers? we'll talk about details on that

later in the hour. ♪ (loud fan noise) (children playing) ♪ (music building)

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connell: latest controversy at facebook. the board member, billionaire investor peter thiel is arguing the social media giant should stick to the decision it made not to, basically fact check political advertisements that are on its site. liz peek here, foxnews.com column it, fox news contributor to talk about this. peter thiel would bring conservative or libertarian views to many issues. i guess that is a different perspective for mark zuckerberg to hear. what do you make of this particular story? >> i think peter thiel is totally right. i don't think this is left versus right issue. he is saying facebook cannot possibly set itself up of judge and jury of all the political ads coming in. i don't know why the people on the left, include a lot of employees at facebook think this would benefit or conservatives or republicans or president trump.

both sides present material in political ads are basically false. james freeman's use of word falsehoods. we can call them lives. is peter thiel, is facebook really in a position to decide president obama talking about benefits of obamacare should not have benefit of political ads saying that because they were completely wrong? or should he take out somebody saying that the gop tax cuts were bad for the middle class? i think it is an impossible place to put a cop in. i think thiel is exactly right. let it happen. connell: this is mark zuckerberg's position as far as we know. that is the current position of the company. >> exactly. connell: it is interesting when he came out with that position, the company did, immediately people said will he change his mind? will they change their policy? maybe they won't. maybe they will stick with this. >> i think they should stick with this. this sun like trying to police real misinformation or horrible stuff posted by 2 1/2 billion

users. these are presumably legitimate political ads. they know who is putting them up there. they can check the content whether coming out after deep website or something like that. these are political ads. i don't think there is anyone fact-checking what shows up on network television, nor should they do that on facebook. i really think this is something, i really don't know why twitter, jack dorsey decided not to do this. i think that was sort of a, i don't think it is as important to their revenue stream. but i think facebook is on the right side here. connell: i want to talk about netflix for a moment while you're here, liz. netflix disclosed something interesting. we talked about when their earnings came out how much growth comes from overseas. they said 90% of somebody scriber growth comes from inner next markets and u.s. slowing. what is the takeaway on this number? >> i don't think this is too surprising. almost every company starts in the u.s. gets big in the u.s.,

of course expands overseas. when you're operating from a smaller base overseas, the growth tends to be faster. i think the issue for netflix, some of the markets growing fastest like latin america the revenue per subscriber is not the same. it is less than what you're getting in the united states. you could see a whole lot of growth overseas but not see profits grow commensurately. connell: you don't think it is competitive issue with disney plus and all the competitors on the market? >> i do think it's a competitive issue. more of that will come now, in the future, when this growth slowed, of the domestic subscriber additions, that was really before disney and apple and some of these others had launched their streaming services. again, keep in mind, some of those are priced way below netflix. netflix, look has a huge competitive issue ahead of it. my guess they're in such a strong starting point, they will be fine. by the way, this international growth is not nothing. that is pretty successful for

them. connell: a pretty good problem to have when we're highlighting 90% growth anywhere. i should say 90% of your growth. the fact we're highlighting strong growth anywhere, that is a good problem have, right? some of those competitors would like to grow as netflix is in other country. >> the only difference from selling hershey's kisses overseas they have to invest in different product in overseas markets. you can't sell a lot of same programs that do very well in the u.s. for latin america. for example, they have been quite successful launching some of these soap operas particularly positive, or popular in that market. connell: right. >> i think it's a little different. netflix has a huge amount of money. the stock is doing great. i think they will have some bumpy times. even their ceo has said that, over the next several months as the streaming war gets sorted out. but i wouldn't count them off because they're growing overseas. connell: i like the hershey kiss as go-to example. thank you, liz.

melissa: fox news alert. down after-hours on miss on second-quarter earnings and revenue. fedex citing higher ground delivery costs and weak global conditions for this miss. connell: beware, new warning of hackers targeting you at the gas station. new details coming up. melissa: everything is old is new. could vinyl bring a record store back. this plant is making vinyl records. they still exist. we'll take you there. connell: that is pretty cool. another day, another story about the so-called peloton wife. monica ruiz is they her name. she rocketed to fame. she blamed her face for the reactions. melissa: i do. connell: this is the news. she has a new gig, guest starring on the soap opera, "the bold and the beautiful." two episodes.

i thought it was one but it is too. like vinyl manufacturing plant, soap operas still exist. all the stories work together. melissa: got it. (grunting) (whistle) play it cool and escape heartburn fast with tums chewy bites cooling sensation. ♪ tum tu-tu-tum tums

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even when your phone isn't. ♪ oh, ho! oh, ho, ho, ho! you... you got me. uh, what do you want? i've got uh, ai robots, i've got vr goggles. i want your sled, please. no. [ chuckles ] timmy. it'd be a shame if this went viral. for those who never compromise. the mercedes-benz winter event. whoa. he was pretty good this year. connell: "fox business alert" for you as we come back here. this has to do with banks. the fed and the federal deposit insurance corporation, fdic, finding shortcomings in six of

the eight largest banks living wills as they call them. that is including bank of america and bank of new york mellon. the agency said banks ability to reliably produce data under vest conditions fell short. six of the eight with shortcomings. after '08 they had to come up with living wills how they would wind down in worst case scenario. not great for six of those eight. more to come. melissa: visa warning after new scam for drivers this holiday season. this time it is at the pump. credit card company says scammers are installing software that exploits magnetic strip on back of your card. now you have something new to worry about. i guess you could pay cash. connell: cash. impeachment skeptics we turn to, now, karl rove weighs in on swing voters righting in "the wall street journal," independents are mostly skeptical of impeachment. they see partisan bickering,

hypocrisy and a waste of time. here now is the former senior advisor to president george w. bush, fox contributor karl rove. this is the interesting group to look at, right? this is the group we should care about, right? so-called swing or independent voters care about this. when people look at overall numbers, 50%, 45%, whatever it is, i guess these numbers matter, right? >> yeah they are. they are the people who are up for grabs in this election. there are not a lot of them. partisans on both sides are sort of stuck in their corner, screaming as loud as they can for their party's position. you bet, this is a group that will decide the election. i entered this exercise about three or four weeks ago as i traveled. i had a busy travel schedule, put me in a lot of different places. i was interested in these people and what their attitude was towards the president and towards impeachment. i was struck by the skepticism about it. they just sort of is like, this is politics. we get it. maybe we, you know, maybe i'm not voting for trump.

maybe i'm open to voting for trump. maybe i'm for impeachment, mostly i'm not against preach peach. as i went through that, we started to get more and more data on it. a raft of polls have appeared in december that have broken out impeachment. take a look at this. this is the recent polls from about the fourth of december on. quinnipiac, among independents 36% support impeachment, 58 oppose. cnn, 45-45. npr, public broadcasting system, marist poll. 45-45. "real clear politics" average is 41.3 in favor of impeachment independents. against, 43.3. they're stilted against it. connell: you wrote about impeachment. triballization of politics becoming almost complete, gerry seib mentioned in his "wall street journal" piece. when i was reading through

jerry's piece, i guess this morning, one of the things stood out, there is almost no space for two parties dissenting views, polarizing the president, the latest journal he cited in the journal poll, we know this already 91% of republicans self-identify approve of president trump. 6% of democrats approve. 85 point gap. as he points out 20 points wider than at this point in the obama presidency, many people said, that is polarizing, not compared to this. people really are so dug in, huh >> they really are. i have never seen numbers like that. you can go back to the nixon era, you won't see numbers which the parties are so polarized. we're where we are in this moment of tribalism. it started, around in the late '90s. 2000 election being so close didn't help. iraq war added to it. president obama put, he had a chance to sort of diminish that but instead he poured gasoline

on it, like comments i won, cutting off republican input. attacking the republican budget un-american. this deepened the financial crisis brought up populism on right and left in both parties. we're at a moment where people at least when you say, are you, do you support him or not, if you're attacking my guy or gal, by gosh i will defend him. underneath the surface, i'm surprised you talk to republicans, i'm strongly for trump. trump is doing fantastic. what do you think about the tweets? i don't like them. democrat, i hate trump i hate trump. you have to admit the economy is good. the economy is good i have to admit that. there is a little bit underneath the surface. key vote in the election is cast by the people. two decisions to make. one do they come out to vote because they do tend to be less active than partisans. second of all, whom do they vote for? they don't take in as much information. they don't organize it as cohesively as partisans do. they tend to make up their minds

late. this may keep us on the edge of our seats right through the final closing of the polls on election day. connell: very easily could. larger point, good one, important one, maybe democrats would listen. they're to the crazy about impeachment. karl, good to see you. >> thank thank you for coming o. melissa: driving with a hangover it's a terrible idea especially during the holiday rush. to show you how dangerous it could be fox business's grady trimble goes inside of ford's headquarters in dearborn michigan, for a special test drive. trade did i. reporter: melissa, i am not hung over right now, i promise but i'm queasy as i drive through this course they have set up for me. i have got nolan from ford next to me. i keep hitting all these cones. tell me about the suit, why it makes me feel like this? i drive so badly. >> this is our hangover suit. so you can see there is bunch of different weights from his arms to his legs to his chest. this is to slow you down and make you feel groggy.

the cool goggles that -- [inaudible] then you got the -- [inaudible]. melissa: oh, your audio is breaking up, when we were really enjoying you smash into all of those cones. let them keep going. connell: every cone he hits. melissa: do we have a sample of what grady drives like normally? how do we know by comparison? do we have a control sample? connell: that would be only way. see if he hits that one. i know it is not a joke. this is serious showing a larger point, people think drunk driving is the thing. hung over is bad as well. grade aaudio is back. go ahead, grady. >> i promise i'm a better driver than this normally. obviously this suit is affecting me. i have the ankle weights on my wrist and ankle. anytime i hit the gas i hit it harder i want to. anytime i try to turn i turn a little farther than i want to. one thing that is different about this suit and a real

hangover, i have done about six reports today. i've been hung over six times which is just great. melissa: look at cones being dragged underneath. grade -- grady that is bad. doing a terrible job. good illustration. better luck in the future. connell: we'll talk about boeing. that crisis is obviously far from over. largest domestic carrier remove the grounded 737 max from its schedule at least until mid-april. up next we talk about the impact that could have on all of you out there traveling. sold out tech gift everyone is talking about. where and how you can get your hands on them. that's next. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies

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melissa: boeing drag on the dow. the aircraft manufacturer shaving off 29 points off the dow. the planes grounded, the plane is now grounded and airlines are extending cancellations. rett's bring in kingsview asette management scott martin. also a fox news contributor. what does this mean for travelers this holiday season? if those planes are out of commission, are they getting replaced by lease or are there

fewer flights? >> probably not right away, melissa. you're seeing fewer flights. it means more crowded planes and fewer flights and prices going up with fewer flights. something airlines will deal with better in 2020. for the short term it is bigger impact. melissa: there is this. did you get your hands on any of those new airpods, the airpod pro? they have been sold out from apple since november. now they're out of stock at major retailers like walmart and amazon although i have a theory on this i noticed they were all sold out. i went to apple.com, told me i could have them mailed in january or pick them up from the store today. they wanted to get me in the store. >> they did. that is a lot of what retail is doing now. order them online but go to the store to pick them up. i love the airpods. on my fifth pair admittedly. replacement cycle is very high because they're easy to lose. probably one of the best

accessories i ever bought for the iphone. melissa: it gets you going on other things. they're expensive. getting a gift for someone important, $200, 250, they get you in the store, you're surrounded by other great stiff. you see what you want, what someone else wants. i don't blame them for dragging me into the store. i want to run this by you. you may have a subscription to netflix and grandparents subscribed to magazine. cool kids are subscribing to something new, soda. coca-cola is subscribing to 1000 insiders, trying beverages for $10 a month. what do you think? not just soda but water and beverages. >> energy drinks. you have to drink a lot of coning cola to get value out of the subscription. i don't think they're getting a flavor ahead of anybody else week in advance is that benefit to pay for it. in the sense what coke is doing

here, it is let's say, innovative as far as how they will get some of the buzz going with some of the new flavors. maybe that helps with sales in the long term. melissa: no doubt. they're trying to get scarcity and some buzz around that. i'm not sure if it works with soda. we'll see. this is one of my favorite stories. the chicken sandwich war is the ifing very ugly. popeye's putting out classified ads looking for sandwich makers, willing to work on sundays. you know who that is a hit at chik-fil-a, famously closed on sundays. maybe they want people moonlighting, some days at chik-fil-a and some days at popeye's. what do you think about this? getting squawk. >> sometimes i think about getting chik-fil-a on sunday and i realize it is closed. chik-fil-a, the sandwiches are probably a little better at chik-fil-a. it is safer there. when you go to popeye's, everybody is clamoring for the chicken sandwich you can't get,

violence broke out. i don't see that happening at chik-fil-a. i feel safer there. i will stay there. melissa: talk about creating scarcity. my husband says, new kick fillet down the street. he grew up with it in the south. we have to go to chik-fil-a, god forbid we want it tomorrow so we go now. it works in their benefit, it creates hysteria emergency. if you want it on sunday and go on saturday you buy twice as much stuff. >> absolutely. scott, thank you very much. connell: good analysis. go back to the corporate tax revenue story edward lawrence talked about earlier in the hour. on track for a record low. new report for bureau of economic affairs. business tax revenue makes up 3 1/2% of federal tax revenue so far this year. melissa had some questions about. who better to answer them than david asman who joins us. to be serious, who better to ask -- >> who better to ask. connell: this is the story you talked a lot about. what do you make of it? >> i hold in my hands the

congressional budget office report for fiscal year 2019. that ends in september by the way. that is their fiscal year. they have got the revenue count in. guess what, revenues increased 4% in fiscal rear 2019. they also increased in the previous year contrary to popular mythology about what tax rate cuts do, they always say, it will cause the budget deficit of the only thing that cause as budget deficit to go up is spending more money. politicians have been doing a lot of that. but we've been receiving more money from tax receipts. connell: you're talking about, so i'm clear, this is corporate tax receipts -- >> talking about tax receipts across the board. connell: what is the difference. >> hold on a second. we had 4% increase in payroll taxes all the corporations hiring all those millions an millions of more people. 107 billion-dollar increase in payroll taxes but, corporate tax rates, the things they said would never go up, we were going to take a bath on that, they

were up 12% in 2019. connell: this is what this particular report is referencing? >> that report, it is true some companies, because of deductions and everything didn't pay a dime in corporate taxes but overall, corporate tax receipts went up 12% in 2009. don't take my word for it. go to the congressional budget office. connell: we will take your word what is coming up on "bulls & bears." >> you should. we'll have a lot of fun. first of all senator marsha blackburn will talk about the latest on impeachment. look who we have as panelists. kevin o'leary, mr. wonderful will be with us. you all know kevin o'leary from all the shows that he does. and we have our own miss wonderful, trish regan is going to be with us here. we look forward to that. great panel. great guests on "bulls & bears." see you in a couple minutes. connell: the wonderfuls. david, see you at the top. >> all right. melissa: better with age. 25-year-old song landing the top

spot on billboard's top 100 for the first time. think you can guess what it is? feeling nostalgic, vinyl records sales is on pace to top last year's sales. what is behind the growing trend? i think it is joe biden. we'll tell you in a second. ♪. cologuard: colon cancer screening for people 50

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connell: a blast from the past, vinyl record sales on the rise. one manufacturer meeting my holiday demand for a growing trend, robert grey with the assignment at record technology inc.

reporter: rgugi, we're an hour outside of los angeles, this is where albums go into packaging, sell gain wrapped -- an shipped off. we have seen year-over-year growth. they are expecting to see growth this year, it is a far cry. back in heady days of disco. we have a chart that shows you from record industry association of america, 377 million copies in 1977. that went down. you had a double shot there in early '90s, cds were displacing vinyl, then the digital downloads, napster and i-tunes, now streams.

but you see as far as physical product it vinyl that accounts for about one-fifth of share of physical sales. and don mcbegi mcguiness who owe rti in 19. >> at th92, at the bottom, now they go 24 hours a day to meet demand, 5 days a week, they do take weekends off. it shows how demand is going, pressing 20,000 in a day, 4 million for the year, that more than what sold in year of 2011 in u.s. this demand continues to grow, not expected to grow and catch up to streams, which are in hundreds of millions, but, you see demographic that is pushing this is the millennials, the

gen -z'ers. you have kids adopting this fore mate, who grew up in houses without turntables, a turning of the tables, if you will. people are expecting this trend to continue. because it is beloved for being a tactile experience, you can pick up, have a connection with artist, that same tactile to be its down fall, not easy to use in the car or with your iphonisnism. connell: in the car. robert gray thank you. melissa: mariah carey's famous hit, all i want for christmas is you, landing number one spot is billboard top 100 list for first time in song's 25 year history. the first christmas track to take top spot since the chipmunk

song years ago. connell: what. melissa: that song is 25 years oldism "bulls and bears" starts right now. david: despite impeachment drama, all three major averages closing at brand-new record highs, climbing for the fifth day in a row, i am david david , joining me, kevin o'leary, trish regan, kristina partsinevelos and gary kaltbaum. piper jaffray is joining like of j.p. morgan, goldman sachs, bank of america, calling for even more gains next year, fueled by the strength of this economy, as momentum is building for president trump, latest "usa today" suffolk poll showing a turn