20%. charles: ben, what do you like? >> the spdr's, just buy the market. charles: thank you very much. of course, catch me on making money on the fox business network. the cost of freedom continues, happy new year. >> well, a new year coming and it looks like the u.n. may have to get used to seeing some of its money going away. hi, everybody. i'm david asman, welcome to forbes on fox. u.n. ambassador to the u.n. nikki haley announcing 285 million dollar cut to the united nations budget calling it a big step in the right direction. is she right or wrong? let's go in focus to find out with steve forbes, bill baldwin, john tamny and bruce jansen is with us and patrice. steve, is ambassador haley doing the right thing? >> yes, david, it's a good step in the right direction. the u.n. can hospital on half the money it spends today. one is an agency they have for palestine refugees going on for

70 years, after world war ii, tens of millions of refugees row settle in a few years and after india and pakistan broke up, what the camps do is provide sources of terrorism, teaching young palestinians they're going back to israel. that thing should be shut down. david: bruce, it's not like we're stingy in what we give the u.n. we give the united nations 22% of just their ga budget, general assembly budget. 22%. the next, the number two country is only 9%, that's japan and then goes down from there. so, shouldn't we get a little more bang for our buck? >> well, listen, the way i look at this, i sort of-- to get a full picture i view it sort of like a donald trump tax return. i'd like to see the whole budget before i make a judgment, but when you consider we're spending about a billion or so dollars on the united nations, and we're spending $800 billion, we're going to have a huge budget for defense, this is a drop in the bucket and when you talk about the

trump riling up our allies and so forth, we might end up having to spend more, it's not that much to spend. david: john, the fact is we'd all like to look at the u.n. budget. part of the problem, it's such a corrupt agency. there are so many different channels in which the money can go, nobody has a clear idea of how much. clauda rosette, the smartest person in the u.n. i know of, says the total funding is 49 billion and look where some of the money goes to some of the scandals. we can put those up here. we have the oil for food scandal, the sex abuse scandal, involving the u.n., peacekeepers were involved in sexual abuse of some of the people they were supposed to product, cronyism at unesco, cash for kim in north korea. scandal after scandal after scandal. >> i think what's most scandalous about this is the basic truth that the u.n. is most famous for being an organization that routinely trash talks the united states. and so, why on earth would the u.s. be the number one funder

of that which routinely brings it down? >> let's talk about as well, bill, what nikki haley said, what she's trying to do. the efficiency and overspending of the u.n. is well-known. we will no longer let the generosity of the american people be taken advantage of or remain unchecked. isn't that a fair comment? >> i don't totally agree with the ambassador. i don't think the u.n. should be chopped to pieces. it's true there's a lot of buffoonery there, a huge amounts of money wasted, but still, this is our last best chance to sit down with enemy before resorting to work there. david: and even some democrats are for what our new ambassador to the u.n. is doing and one of nos is alan dershowics. it's about time we sent a message to the u.n., which has become a place of hate when it comes to the united states and israel. david: so it's not only

republicans. some democrats are for this as well, patrice. >> i think he was absolutely right. i mean, when you see stations that come together, particularly islamic nations who don't contribute their fair share, but use this opportunity as a platform to denigrate israel and come against the united states. i'm pleased you brought up some other scandals at the u.n. when we consider in 2010, u.n. peacekeepers dumped sewage in haiti and led to the death of thousands of haitians. we need better fiscal responsibility out of the united nations and know our tax dollars are really well-spent. david: steve, we mention democrats. there was a famous democrat no longer with us, daniel patrick moynihan, senator of new york, before that the u.n. ambassador for the u.s., and here is a cover of time magazine giving them hell at the u.n. that's a democrat. it started back then. >> yes, because the u.n. had gone totally off the rails then, being an anti-israel

platform, calling it imperialist state and condemning it just as they did on the jerusalem move, but these two moves, david, moving the capital to jerusalem and telling the u.n., there's a new day at hand, is the only way you're going to get peace in the middle east and the rest of the world when they know we're serious. we're not going to play any more pretend games and finance corruption because we think it breeds peace. it breeds cynicism and waste. david: we've talked about it, every time the u.n. says they'll clean up their act they never do. they had an audit commitment from 2006 to 2008, it was disbanded because there was too much corruption. something has to be done at the u.n., no? >> listen, there are ways to spend smarter and spend better, but if we're truly going to be promoting peace around the world or if we're going to have a body, i agree with bill in the sense that the united nations is probably the one place anymore where we can meet

with our allies and others and discuss matters to promote piece around the world. david: but, john, it's a nest of corruption. it's a regular bureaucracy is bad enough, but an international bureaucracy means that nobody is in charge, that you can't affix accountability to anybody and that's why they get away with stuff there. >> well, and i think almost forget about the corruption and let's talk about the basic truth that countries that trade together do not war with one another and that's where i'm sympathetic to bruce, cut defending spending, too. but you don't need a u.n. if bore terse-- borders to goods and services are free, and they don't need a route to free peace. >> bill. >> patrice is right we need to see a lot more accountability. in the 21st century we'll need more, not less, more cooperation to prevent war and viral epidemics. david: cooperation is one thing, but when you give money,

so much money as we do to the united nations, as the u.s. does to the united nations and they essentially spit on you after you've given that money, where we supposed to sit there and take it, patrice? >> no, i don't think we should. this is more than just what is spent on vaccinations and peacekeeping. we're talking about lavish life styles of people who live in new york and take advantage of it. >> that's a good point. >> i see the point of different panelists who say we want trade, we want peacekeeping and countries to work together, but this forum hasn't proven to be, you know, the effective forum for making that happen. >> yeah. >> you've got dictators who are not allowing people to eat in their countries coming to the united nations telling us what we should be doing as a country and nation, which is the most generous nation, by the way. david: absolutely. patrice, thank you very much. coming up next, we haven't seen a winter this bad in a while, but be careful about googling your way to warmer weather.

you may be googling your way to a vacation that costs a lot more than it should. we've got details you can't afford to miss coming up.

>> live from america's news headquarters in washington. happy new year's eve-eve, i'm leland vittert. frigid temperatures are gripping much of the northern united states and they're not going anywhere for at least a few

days. all of this making for a brutally cold new year's eve. wind chill advisories are warns up cross the northeast. in new york city, the ball drop in times square could be one of the coldest on record. take a good look at this surveillance video released of a gun store robbery in tennessee. shows three robbers smashing gun cases and stuffing the guns into bags. it happened early christmas day morning. the thieves made off with more than 30 guns worth about $20,000. as you might imagine, police are asking for the public's help in identifying the suspects and trying to get those guns back. i'm leland vittert. a lot more news at the top of the hour, now back to forbes on f fox. david: so just as you're booking a trip on google to get away from the horrible winter, a new report coming out saying that google is using its search dominance to steer consumers to deals that look cheaper, but aren't. a wall street editorial says

this about google's practices, restricting competition means many consumers won't see or receive the lowest price deals. so, steve, is google taking advantage of its dominance? >> the answer is yes, david, but there are plenty of alternatives, you've got priceline and bing, and there will be new sites, and very easy to establish a website putting out the best deals. network saying what did you find at this place that others should know about so let the free market work. we don't need government involved in this. david: bruce, 60% of folks out there, once they're planning a trip, they immediately go to google and put in, you know, the place they're going to and hotel or whatever, and it turns out a lot of those people are getting ripped off. >> yeah, it's something that clearly could be looked into. i mean, and if they are-- if they truly are stifling competition just like any other business, then the government or somebody should look into it and if they are doing things that

people don't know about, and don't want them to, they go to the sites for discounts, then it could be a problem. david: now, john, i know you're not in favor of the government getting involved one way or the other in this debate, but here is what the wall street journal article ends with. they say regulators may soon ask if the search giant is abusing its market power. so they're saying if google doesn't clean up its act, you know how politicians are, they're going to want to get in there and do it themselves. >> it's fine and interesting to think that regulators who couldn't get a job at google or any other prominent organization would presume to regulate it. this is a non-story. the internet by its name has access to all sorts of travel options. the notion that one portal could dominate it to our detriment. let's move on from this. david: patrice, john makes an excellent point. we've turned to regulations on

technology. if they were that good they wouldn't be working for $6 of-- 60,000 for the government, they'd work at google for a million. >> they're trying to innovate and the intermediary companies, they've seen their competitive edge evaporate and now they're crying foul, but this is a market at place and we as consumers, we benefit. david: i'm going to try to take the point of view of some the regulators, bill, and the fact is that google does have this extraordinary power over the internet because 60% of the people go to use it at least for their travel searches. shouldn't there be some attempt or at least a spotlight on exactly what they're doing to try to make more money and rip off some consumers? >> david, your theory is that google is engaging in unfair competition by having too many eyeballs and i want to tell you, david, this is a totally

european way of looking at the economy. david: it is. >> they're trying to put fines on american tech companies for the crime of being too successful. >> remember, i'm playing the devil's advocate here, and to extend that further. they say, look, there's got to be some way, if you don't disband google and i don't think that anybody is calling for that, there's got to be some way to at least highlight, at least put the spotlight on what they are doing by trying to keep out the competition. >> well, that's what we're doing here. getting the word out. and with the internet, the word gets out instantly these days and people respond to the opportunities. and google, for example, facebook, discriminate against those, and alternatives are beginning to crop up. let free markets work. they're freeways for advantage and opportunity. >> bruce, there are some people that are going to look at editorial in the wall street journal and say this is an opportunity, this isn't an excuse to regulate people.

this is an opportunity to start something to compete with google. >> you're scaring me waving that wall street journal in my face, david. i would say, listen, people should shop around. if they're worried that google is screwing them over and getting a better deal, they should not go to just one site. that would be my advice. but it's certainly something that should be kept a close eye on. >> john, aren't you at least in favor of exposing this. giving this some sunlight to disinfect the problem? >> i want sunlight because i want to cheer on google. the fact that they've got 60% market share, people go there first, is a sign they're fulfilling a massively unmet market need. why get into business other than to pursue monopoly profits. if you succeed, you fulfill the need and you have set yourself up for competition in free marketplace. david: i love it when john's head is about to explode. it's a good place to end up with. the cashin' in gang getting ready to roll. lauren, what have you got?

>> david, president trump's triumphs and accomplishments in 2017 and what he needs to do in 2018 to boost the economy. plus, did china just get busted selling oil to north korea? i'll see you at 11:30. david: thanks, we will be watching. up here first, this is the last weekend to make a donation to your favorite charity and get a deduction for 2017. a nba coach greg popovich, if you're rich you should be getting more than you are. do americans really need to be told that? i mean wish i had time to take care of my portfolio, but... well, what are you doing tomorrow -10am? staff meeting. 3:45? tai chi. 6:30? sam's baseball practice. you are busy. wouldn't it be great if you had investments that worked as hard as you do? yeah. introducing essential portfolios the automated investing solution.

g new cars. you're smart. you already knew that. but it's also great for finding the perfect used car. you'll see what a fair price is, and you can connect with a truecar certified dealer. now you're even smarter. this is truecar. >> san antonio spurs coach greg popovich scolding the rich to give more. but americans give the most out of every country in the world. who has got it ri

can >> san antonio spurs coach greg popovich suggesting wealthy americans should be spending more and charity than they do. because we're rich as hell, ap other people don't it, pretty simple. this is the last weekend you can make a 2017 contribution for a deduction, should we take popovich to heart and give more? >> only as much as we think that americans are charitable and give to whatever cause they believe in. he's wrong to try to guilt trip people into charitable giving. i mean, it's from a mentality that says, you know, you earned it, but you earned it at the expense of someone else, when in fact, people who are wealthy, they're job creators, people who taken the risk and the market has rewarded them. it's imperative to give, but--

>> americans are givers that eclipse everybody else. 1.4% of our gdp to charities. the next closest country that does that, is candy. .77%. so, we are big givers already, bill. >> we are too stringingy and i guilty of that as well. and in lieu of gift giving, we've allowed the kids to give to charities and opened our eyes. david: but, again, steve, we give billions away to charity. >> in the last 60 years,er per capita, giving has given away. and we're the most philanthropic nation ever invented and meeting the needs and wants of other people. we create resources and give away resources to those who need it. david: guess who is giving it away, the people you love, the top 1%.

a third of all contributions to charity are given by that evil top 1%. >> as they should, and now maybe they'll be able to have more money to give more, given the massive tax cut. greg popovich comes from an interesting perspective. a veteran of the air force, a person of service, so i don't think he should be criticized because i think that's his message. there are other ways to give, time, talent and treasure and this is the season of giving and hopefully people are doing that. david: and also, we should mention, by the way, it was the media that really put on that guilt trip, that he was guilt tripping people. it wasn't necessarily from his statement. it might have been the media spin on what he said. john, what do you think, have americans given up? >> i think that popovich should stick to basketball, he knows endless amount. the path to getting rich is the biggest contribution to society. why do you think we think that

people who has business knows about charity. and-- >> bill, what do you think? >> i think there's some theory, if people get more prosperous, they certainly will be more generous and this is a good century for generosity. david: it's true when you create things and build things, you're usually helping other people in terms of giving them jobs and pay raises and stuff, but it's also true that the more money you like, the more people, at least americans, do give it away. it doesn't necessarily happen in other countries, but it happens here. >> that's right. when you look at why. there's a strong sense of commitment to your community, in wanting to do better because you think that individuals are more effective at intractable solutions than the government, but then there's also the religious aspect. when you look at the number of people who give in the united states, a good number are giving to religious organizations, something like 39%, there's the american spirit

tied to religious community and also to community. david: and john tamny pointed out in a column he wrote. if you look at forbes 400, let's go back 20 years you won't see many of the same companies on the list today. it's always changing so americans realize there is real opportunity and they want to spread that opportunity because they're proud of it and thankful for it. >> the turnover is amazing. this is a dynamic society. and warren buffett knew he wasn't a charity expert so he turned to bill gates. and go to resources and people who give better. david: it feels good to give. and the picks of stocks they say will give you the most prosperous year yet.

>> and we are back with stocks for the new year, john, samsung, a stock from overseas. why do you like it? >> i like it because i thought the north korean threat globally was overstated and i think in 2018 that's going to be priced in, with that we are going to see a major global brand like samsung really rise up. david: interesting. by the way, i love your top hat. i don't know if you saw the picture. what do you think, bill of the pick. >> samsung is a good company, but litigation over the

ill-fated galaxy 7. david: i remember that. >> i don't think they put out all the fires legally. david: you're betting on gold, why? >> i think that gold has got to do better than bitcoin. maybe time for something that has reality to it. david: to emphasize, this is a gold share bet. what do you think about gold, john? just kind much sits there. >> it's a good edge had right now. president gets the dollar they want, the president made clear he wants a weaker dollar, this would be a good way to hedge that. david: i want to ask you about the stock market in general, 2018. what's your bet? spectacular run in 2017. what about this next year? >> if you promise me that president trump and congress will play golf every day in 2018 i promise you a major rally. >> he loves it when they get nothing gone at all. what do you think, bill, 2018 for stocks? >> i'm bullish on the economy and skeptical about the way overpriced stock market. >> okay, there you go. a split decision, guys, thank

you very much. that's it for forbes on fox. thank you all for watching, have a spectacular new year, keep it right here, the number one business block continues with lauren simonetti and cashin' in. . lauren: as president trump wraps up his first year in office, we're looking back at his administration's biggest accomplishments. and what the president needs to do in 2018 to keep our economy booming. hi, everybody, i'm lauren simonetti, welcome to cashin' in. our crew this week, gina, tracy and david mercer, hey, guys. >> hey, lauren. lauren: gary, let's start with you. >> happy new year. lauren: yeah, happy new year. the president's biggest accomplishments in 2017, what do you think they are, gary? >> well, look, there's a lot the rhetoric on both sides. the only thing i care about is outcome. the stock market has soared, the economy