kevin bacon will be joining us. and we have performances from ella henderson, walk the moon and nick jonas.on't want to miss that. [ applause ] but first, we got a great show tonight, she's the biggest star in music, and one of the most fun people you'll ever meet. here to talk about her smash record, 1989 and her 2 2015 world tour, taylor swift is here! [ cheers and applause ] >> jimmy: one of my favorites, she is the best. >> steve: a delight. >> jimmy: taylor and i also have something fun planned, we're going to be showing off our dancing skills. [ cheers ] stay tuned for that. plus, from hbo's "last week tonight, with john oliver" the hilarious john oliver is stopping by! [ cheers and applause ] and we have music from imagine dragons! [ cheers and applause ] love those guys. guys, it's time to take a look at the stories making headlines today, and weigh the good with the bad. it's time for pros and cons. here we go. ♪ pros and cons and pros and cons and pros ♪ [ cheers and applause ] >> jimmy: tonight we'll be taking a look at the pros and cons of watching the academy awards. hollywood'