robert franke has details. >> reporter: joe biden releasing plans for over $3 trillion in tax increasese next decade to pay for health care, clima a chan education plans, about half coming from the wethy and half from new corporate taxes. on the business side he proposes a new minim corporate tax that's aimed at companies like amazon and netflix that are profitable but pay no federal income taxes. now the t would be 15% on businesses with more than $100 million in net income. the cpaign estimates raising about 400 billion in revenue over ten years. now whi many say it's unfair for corporate giants like ibm or fedex to pay no federal incomex others say the minimum tax could hurt investment. >> eve tim we have seen corporate taxes go up around the we see workers, the growth in worker wages go down. and that's what i fear would come under the proposal. >> now biden a to wants raise the corporate tax rate to 28% from the current21%. and he would double the minimum tax rate on the overseas income of u.s.-based lemultiannab hoping to raise $200 billion like ireland and bermuda, those helping

robert frank has all the details? >> we have a new silicon alley emerging on manhattan's west side three big tech giants planning on three and a half million jar feet of feet amazon plans to lease 335,000 square feet on 34th and 10th avenue it comes as facebook considers leasing 700,000 square feet a couple blocks away at the old post office building across from penn station total foot print is over three million feet in manhattan. google building a campus that adds to its existing buildings in chelsea where it has over 700,000 square feet. google expecting to need 7 million square feet of space for 46,000 employees it couldn't come at a better time for new york city commercial and residential realize. you have wework trouble raising question on the company's more than 7 million square feet of space. you've got 20 million feet of space coming online. >> that's been the thing supply you've seen just every day popping up >> yeah, the inventory on the residential and commercial side. >> not that it's cheap it's not cheap

info for the first time showing it's asia-pacific business has grown the fastest in three years robert frankinternational and asia-pacific need tosave, if you will, netflix? >> that's the narrative. you know, overseas is supposed to be 90% of their subscriber growth, they're trying to make the u.s. seem less important because they did have a quarter this year where the u.s. actually declined so they're trying to take your eye away from that. here is the problem with overseas, it's a lot less profitable the average subscription here in the u.s. is over $12, the average one in latin america, one of their strongest regions is $8, you are talking about a 30% -- a third less that you're making. >> i wonder if the content -- the content is cheaper i wonder? >> well -- >> you can watch the u.s. content, if you want to watch "friends" or whatever it is. that's a bad example. >> that assumes that all the content that's in latin -- >> or amigos. >> this is a very international program. >> worldwide exchange. >> yes >> what were you going to say, kate >> my second favorite show, worldwide exchange, fir

dom chu, kate rogers, and robert frank. i would talk more. but i can't.oming up, canada goose shares down 43% in one year can a store without inventory with a 30-foot glacier wall hook customers? we'll take you inside that store and hear from the ceo next when i lost my sight, my biggest fear was losing my independence. mmm... good. so i've spent my life developing technology to help the visually impaired. we are so good. we built a guide that uses ibm watson... to help the blind. it is already working in cities like tokyo. my dream is to help millions more people like me. >>> welcome back to "the exchange." canada goose shares higher today but getting roasted in the last year amid hong kong protests and counterfeits down now 43% there is one store the company hopes customers will flock to. it's offering a different kind of shopping experience courtney reagan got a peek inside and spoke to the company's ceo. >> the entrance of the store is called the crevice it literally means deep crack in a grasher. as you walk, it sounds as if the glass is cracking und

so on this giving tuesday w asked robert franke to take acl e giftiabl ng down more $50 billion as oflings that is the largest decline since the great recession. charitable gifting totaled $103 billion in 2018 according to the recent irsin fil down by $57 billion for about a third from 2017. now the likely reason, the tax cuts and jobs act. the new tax law doubled the standard deduction to $24,000 if you candidate take that deduction you can't itemize deductions or take a did he ducks for charity. the number of american itemize attention led to a lower number taking the charitable deduction. about 37 million used to itemize now it's about 16 million. without the tax benefit many americans either fop give less. the final numbers will be out in december as and the numbers could rice and since high income certainers still itemize any o still give t charity and could make up a large share of chitable giving but non-profs and manyoliticians are scrambling ways to bring back the taxredibilityives king americans more charitable. republican congressman mark walker introduce add bill allowing

here is robert franke. >> reporter: lauchlen murdoch estate sold by t estate of the late jerry perrenciovision. 's a bit of a fixer-upper valued for land and location. the "wall street journal" reportg that lauchlen is now the buy her of the most expensive home sold in california and the second most expensive spold in the it has a 25,000 square foot main home, 11 bedrooms, 18 bathrooms. built in the 30s and overhauled in the 80s. a 5700 guest mouse a foot pool and motor por dpor cars. there were milons aspen on gardens and adjacent properties. my favorite part, few secret tumbles one from theain house to the fool and other toat the pr garden. of ronald and nancy reagan next door. this is the third property in year in the l.a. area to trade at $100 million or more. although t broader luxur market in l.a. is still suffering from an oversupply of s. like the other six murdoch off spri lauchlen is flush with cash after the sale of fox to disney. the t murdoch familst sale of thatstate was $12 billion each getting about $2 billion. disn shares up 30% since the deal closed. assuming they tooal

here's robert frank. >> reporter: the split in the democratic party over taxing wealth is being driven mainly by age. younger voters say billionaires didn't earn their wealth and coul be a threat to democracy. a poll by the conservative-leaning cato institute found a majority of voters under 30 said the rich made their money by takin advantage of others rather than earning it. that compares with only about one-quarter of older voters. younger voters are timee more likely to say quote it's immoral for society to allow billionaires.ome younger voters far more supportive of having the government redistributeealth by taxing the rich. nearly two-thirds of younger voters support taxing the top rate at 70%. the question is whether this is particular to this generation or whether people in their teens and 20s have always opposed large wealth. today's millennials and gen-z voters came of age during the great recession, many are loaded with student debt and struggling with high housing costs and health care which have hardened their views of the wealthy. >> america now, particularly young americ

robert franke has the story of an icoc rolex. >> jack nicklaus's goldex r mes up for auction at a sale by phillips in association with box and rousseau. they say it could be the more pensive watch at auction if it could surpass the $17.8 million that paul in 2018. now this has almost myth cal status among watchle cors and golf fans. >> this is worth more than i am. >> for more than 50 years it was the only watch he wore. on his wrist wein he recved 12 of championship he menta ttions. 8and aside froajmor when he act played almost every photograph of the golden bear includes his golden rolle pch which he got as a the gift from rex in 1967. >> i didn't take off with aon watch but it came on as soon as i came course. it came back on me. every time i'm with a terrify every time i travel i have a picture with bhee with the watch. >> all the proceeds go to his charity, the nicklaus children's health care foundation. nicklaus said he hopes his favorite watch will help buy health care for countless kids who can't afraid it. >> to me, i miss this one. but i know it's going to do for good than on

robert frank joins us now with more hi, robert >> hi, tyler one thing is certain under mayor mike's upcomingax plan, and that is the rich will probably pay more now, campaign sources telling me that bloomberg will make the progressive tax system even more progressive and focus on what he calls the three pillars of the tax code that's the top income tax rate, the capital gains tax, and the estate tax now, rates and details will be released in the coming months, but to help those at the bottom, he plans to increase the earned income tax credit and increase the child tax credit one tax he is not going to consider would be a wealth tax >> well, a wealth tax has been tried a number of countries. i think france really the last time and it just doesn't work >> now, on the corporate tax side, bloomberg was actually supportive of the trump tax cut on businesses, but said the accompanying tax reductions for the wealthy was probably a mistake. now, when it comes to tax policy overall, bloomberg likes to point to his success raising taxes in new york city when he was mayor. he increased property taxes i

bill griffeth, rahel solomon and robert frank are here. shares of stitch fix jumping after beats estimates. the online personal styling service saw active clients saw 17% year over year revenue spiked 10% and the ceo talked about how it meets the needs of today's retail consumer >> i think the world wants a more personalize the offering. the days of retail saying this is the it thing and everybody should giant it, those things are gone people backth want wa people want to be unique >> and the stock up nearly 60% >> however, i would take the other side of that trade because if you look deeper into the earnings report, cash flow has been cut in half operating income, did you see that number? down 99% >> cash flow down 46%. >> meaning that their expenses are going up, meaning the cost of acquisition of these customers is still going up and that can't last forever. >> they have also made a lot of investments this last year, they have expanded into their uk, expanding their kids and men's business but their direct to boouy offerings have worked

that sounds like a story robert frank should be doing for us >> the rich are different. the hence fund billionaire just paid $111 million for this estate in palm beach, making it the most expensive home ever sold in florida. sean feld will use it as a vacation home and doesn't plan to move out of new york. the estate is six acres stretching from the ocean to the intercoastal it's 70,000 square feet. 11 bedrooms, 22 bathrooms, got a bowling alley, it's got an ice cream stand, spa, parlor, pool, tennis court, it was sold by sidel miller, she is a hair care tycoon she listed the estate for 200 million dollars. there's a house a few doors down that had held the record, it sold for $110.2 million. the buyer of that property is unknown opinion ken griffin is a little bit north of that he has a property he spent over $200 million assembly to build his dream home and a little north of that is mar-a-lago. pretty good neighborhood in case he has to borrow a kwup of sugar from his neighbors >> there's no accident this is happening in florida you have been itemizing how many times t

. >> where is robert frank when you need him >> college education and/or a banana taped to the wall sameat else do we have? that's it. bananas on walls kfc yule log sfl >>> coming up. the count down for the release of jobs report coming up in a first on kansas interview, lawrence larry kudlow breaks down that roronept squauc squawk on the street you'll want to tune in for that. wouldn't. e ♪ when work is worth it. work is worth it. work can be closer to home... pay more... make us proud. careerbuilder. work can work. find your work at careerbuilder.com here, it all starts withello! hi!... how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! wifi up there? uhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your local xfinity store today. >>> a live shot from 30 rockefeller center it wouldn't be christmas time in new york without that tree lit up time for the recap you need in 60 seconds uber has vowed to take action

. >>> melbourne, australia, born and raised robert frank joins us with a look -- robert >> the oldestf rupert murdoch playing $150 million for an estate. it's the most expensive home sold in california the second most expensive home sold in the u.s. despite its price, it's a bit of a fixer upper. valued more the land it's got a 5,700 guest house, a pool house, tennis court, and underground motor court for 40 cars my favorite, two secret tunnels leading from the house to the pool and the private garden. doing a lot with their disney wealth >> gotta get the 40 cars make sure the garage gets filled >>> i'm scott wapner to tariff or not to tariff that's the question. the only thing hanging in the balance, stocks and your money it's noon. this is the halftime report. >> stocks hit new record highs optimism about a trade deal fuelling the bulls your next money move is straight ahead. a major warning on apple and its iphone shipments in china. ge soaring on an upgrade the stock up almost 60% this year is the turnaround for real we will debate in our call of the day.

robert frank has more on how we might see the most expensive watch ever sold at auction robert >> goodklaus' gold rolex hits the auction block tonight. watch experts say it could puree sass the $17.8 million that paul newman's rolex fetched, that was the most expensive watch sold at auction. this watch is one of the holy grails of sports watches, only watch he wore more than 50 years. on his wrist for 12 of 18 major championship presentations >> play golf with a watch on, came on snls i got off the golf course watch and wallet back to me. every time i have a trophy, travel, i have a picture of me with the watch it was part of me. >> all of the proceeds for the sale of the watch go to his charity, the children's health care foundation. and the second hand watch expected to stop $16 billion, as online auction houses attract a new breed of younger collectors. also selling tonight, carl, marlon brando's stainless steel master he wore in "apocalypse now. he etched his name on the back, it is sold by his daughter the proceeds for that watch also going to charity bidding there starts in six f

robert frank joins us with a look at this must be super pricey condo >> it is the it building in new. i'm the address is 220 central park south it was home to ten of the top 20 sales in new york just this year latest is hedge funder dan och purchase for $93 million it's 9800 square foot. it will be his home. that follows the $238 million purchase of four floors for his home now the neighbors include he and his wife they paid 56 million for their unit eric is a california hardware magnet he paid 61 for a five bedroom. the total building when the units sell out expect it to top $3 billion what makes it so valuable? it's right off central park. it's got an 82-foot salt water pool, salon, screening room, basketball court and a private restaurant for the residents run by a great chef. if you're not a billionaire, you can rent in the building there's a three bedroom being offered for a mere 59,000 there are a month. >> what we have seen in new york real estate is that high end apartment vs been sitting on the market longer. we're seeing more frequent price drops to be unloaded what is it a

. >> here is the group with their take bill, contessa and robert frank. and we've got the topic.re doing points again >> every time i come back, there's a different rule >> you know. >> okay, here we go. >> just figuring it out finally. >> first topic, pivotal research has been sizing up their streaming wars b and a champion has emerged. netflix. >> anticlimactic the firm hiking the price target to $425 after it broke subscriber markets in international numbers. ultimately, it will be a two way race netflix and disney, which both horses can win so do you buy it >> is this a two horse race? >> so far. >> now i think he's saying eventually it's a two horse race and if it is, then what happens to hbo and hbo max what happens to apple, amazon prime? >> the producer of this segment today can attest that i was going to come out here and say that apple should with its cash hoard buy a movie studio "the wall street journal" announced that apple is talking to mgm >> please don't ruin james bond. well, all i can say. >> but if they have access to the whole james bond library and that becom

day, we'll make sure of that before phil came on with breaking news, we were talking with robert frank about the wealth tax let's get back to that proposal, various proposals, potential implications heading to next year bring in jared bernstein from the center of policy and budget priorities tony, first place to start next year, are we still talking about this as a legitimate concern slash question as to whether it is an issue pursued by whoever the democratic nominee is? >> i don't think so in all honesty. may be talking about taxes because we always talk about taxes in the debates, we'll talk about many different schemes jared probably has other ideas for taxes he might want to put on the table, but i think this one will see its day in a couple of months because it is clear that it is unworkable, not the kind of thing likely to happen bernie sanders and elizabeth warren are where they are on it, they'll talk about it, but i think it will fade >> jared, do you agree >> partially agree first, let me say happy holidays to everybody, including my old friend tony that i don't see enough o

. >> who, by the way, robert frank, people forget this.s was making money at de shaw the hedge fund and he packed up everything with his then wife and drove to seattle and started working in a garage. he left a high-paying career to start amazon. >> and everybody said jeff you're crazy it is one thing if you are a poor student out of college but he was a successful hedge fund employee and to drop that and start selling books -- >> just books. >> and the discipline, the scale, the fact that he keeps changing the game as big as they are every single day it is just amazing. >> he thinks intensely about management and leadership and corporate culture. i've been in fireside chats where this is the topic dominating and people are hungry to hear what he has to say one other thing i got to say jack ma and elon musk came in second and third. >> but jack ma got 0% of american or european ceo's voted for jack ma. all of the votes came from asia. because everybody knows that alibaba was helped by the chinese government in a major way. he got that ccp

here are the stories who will be breaking the stories down robert frank is here eamon javers is here> thank you >> such pressure >> is there a winner or loser? >> there are winners and losers. i will tell you about a winner, first up on the game, citigroup upgrading goldman sachs from buy to neutral to buy from neutral, the price target implying nearly 12% upside what's behind the call citigroup sees limited downside for goldman sax noting it is weathering the environment and other banks. gold man saches. are up the question is can they keep winning? >> it's up 37% this year over the st past three years it's basically flat. the banks the best argument you can make right now is it's really cheap it's unlikely to get that much cheaper. >> so this is the downside story in your mind >> yeah. >> although to be sure, we heard josh say this is a thing undergoing a major transformation gold man sachs is moving into providing banking service and credit cards to people who may not have the best scores goldman sachs is a incredible story. >> do you see a fall from great, a white shoe master now

here to break down the headlines, robert frank, meg, and bill griffeth. first is uber. long awaited safety report. it is the first of its kind from a gig economy company and the details are disturbing deirdre has those details and they really are changing deirdre. >> yeah, they absolute will are. let me give you a few of the highlights 515 incidents of rape or attempted rape last year 9 people murdered. 58 people killed in crashes. now, over the full two years that it tracked these incidents, nearly 6,000 reports of sexual abuse. but let us show you another screen because this is really, really difficult to put into context. these numbers are grim they're appalling. but we really don't have a lot to compare them to tyler, you said that first of its kind from a gig economy company but really this is the first of its kind in many ways we don't have even a taxi company's numbers to compare them to. we do have the national average of traffic accidents and fatalities, for example. and it is much lower but what this really tells us is there's so much we don't know about what

. >>> still to come, some new details on taxingwealth and what young voters think about it robert frankhat story. hi, robert >> good morning, becky a majority under 30 say the wealthy didn't earn their wealth and they're a threat to democracy. how they're driving calls to tax the rich and what it could mean aerhereomg and markets cin upft t bak ♪ i can shine, i can shine, ♪ ♪ i can shine. ♪ i'mma do what i'm made to do. ♪ built for excellence. you start from the foundation up. the excellence is reaching dreams and chasing them at the same time. the excellence is reaching dreams and here, it all starts withello! hi!... how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! wifi up there? uhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your local xfinity store today. >>> welcome back to "squawk box. we're now 11 months from the 2020 election and as democratic presidential hopefuls keep attacking billionaires and tal

mike bloomberg has yet to unveil a tax plan but our robert frank has ideas where the presidential candidate only one thing is certain under mayor mike's upcoming plan, that the rich will pay more he'll make the progressive tax system even more progressive and focus on the three pillars of the tax code, that is the top income tax rate, the capital gains rate and the estate tax. the rates and details will be released in the coming months. to help those at the bottom he plans to increase the earned tax credit and child tax credit. bloomberg told people that supporting a tax cut -- wealth tax for people like me, those proposed by bernie sanders and elizabeth warren just doesn't make sense now a year ago in new hampshire he said wealth tax may not be constitutional and that those who want to attack capitalism should, quote, take a look at venezuela. >> he's apologized for those comments no, kidding. kidding. that was stop and frisk. >> wealth tax is taxing the wealthy. >> forthcoming. >> but he's not supporting a wealth tax on the corporate tax side bloomberg was supportive of the trump tax cut

robert frank, julie boorstin and bill griffin all right. take it easy first topic uber co-founder on pace to sell his entire stake in the company. he now has less than 10% of his holdings left. the move comes as uber struggles with it's ipo price of 45 bucks. >> no, no. >> it's interesting because uber is one of these companies that was part of this generation of ceo founder controlled companies. and now there is increasing scrutiny and concern maybe you don't want a ceo who has voting control and now i wonder if investors are saying hey we won't back your company if we know you can do something like travis kalanick. >> every time he got pushed out he found a way to hang around. is this good for the company >> probably better from a management perspective but you have to wonder, i mean venture capital investors will be careful going forward to make sure -- >> i'm more interested in the revenge start up he's taking his billions of dollars, cloud kitchen -- >> which i'm excited snook billed or being billed as wework meets uber eats that's kin

robert frank joins us on set he has more. not about 15 cpw any more. >> no.york always something new with this one, didn't buy a single advertisement, list a single apartment, have a sales office, release a single public photo. 220 central park south, the super tower off central park is home to half the top 20 sales in new york city this year. no other building has ever accounted for such a large share of top sales in a single year. the largest deal is most recently the purchase of penthouse for $93 million. 9800 square feet his main residence is in florida. that follows ken griffin's 238 million purchase of four floors of the building. that's the most expensive home sold in america. new neighbors include sting and his wife, paid 66 million for a penthouse. eric smith, a california hardware magnet paid 61 million for a five bedroom and brazilian cement heiress bought one for $30 million by the time the last units sell out, the building total expected to top $3 billion. what makes 220 so valuable it is right off central park, designed by robert stern, 82 foot

building has done no marketing and no listings but somehow has become a hot spot for the superrich robert franks 220 central park south 70 store limestone and glass tower the home the end of the top 20 sales in new york just this year. hedge funder closed on a penthouse that followed ken griffin's purchase of four floors for $238 million. that was the most expensive home ever sold in america neighbors include sting and his wife they paid 66 million for their unit and a california hardware magnet paid 61 million. by time the last few units sell out the building is expected to top $3 billion you can get in through renting three bedroom being offered for $59,000 a month. >> fascinating the numbers when you come on in the last year we talk about the high end luxury, taking a pull back is this tactic they've employed super high end of this building not experience any sort of pull back or are the price a little lower than we expect >> hit a set attributes everyone wanted rare building right on central park nobody can build in front of you, in front park robert a. m. stern favorite architect of the ne

robert slatzer and frank capell signed a contract to produce the book. of says bob slatzer would be credited with writing the book and capell would remain secret. >> with capell on board slat descrer also -- slatzer. he reintroduced clemmons from the l.a.p.d. >> the scene seemed staged. >> marilyn was stretched out face down on the bed. obviously she had been placed in that position. i was shown the night stand by her bed it was 8 or 10 empty bottles that contained medicine. i looked in the bathroom for a glass that had been used, there was none. >> he reported there was no drinking vessel in marilyn's bedroom and he questioned how she was able to swallow the medication. you can see a drinking vessel. one of a series of 12 vessels she purchased in mexico. it iches believed that might have been the vessel taken into police evidence. >> clemmons said when he arrived, eunice murray was washing something in the washing machine and twhawts suspicious. soot implication was she was destroying evidence. as the first responding officer he did not investigate what

robert frank, thank you for joining us viewers can catch more on cnbc.com as well >> lots more storiesz on wall street mike bloomberg is pouring millions of dollars into an unknown digital business he arunded himself earlier this ye the details when "closing bell" comes back 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... verizon keeps business ready. stthe world treats andh defeats childhood cancer.how i know what research means. yes you do... and so should every parent. donate now at st. jude dot org or shop wherever you see the st. jude logo. - when i see obstacles, i create opportunities. (soft music) - when i see adversity, i find a way. - when i hear never, i say now. - [announcer] southern new hampshire university is education made to fit your goals with over 200 de

robert frank joins us now with the details. partly >> actually it's more from the wealthy, but there is a new corporate tax. biden releasing plans for over 3 trillion in tax increases over the next decade to pay for his health care, climate change and the education plans. about half would come from the wealthy and half from new corporate taxes. on the business side, he's proposing a new corporate minimum tax that would be aimed at companies like amazon and netflix that are profitable but sometimes pay no federal income taxes in certain years that tax would be 15% on companies with $100 million in net income the campaign estimates about 300 companies would be subject to that tax and it would raise about $400 billion in revenue over ten years. now, he also raises the corporate tax rate to 28% from the current 21 he would double the minimum tax rate on overseas income and he also hopes to raise about 200 billion from cracking down on countries like ireland and bermuda that help companies lower their taeksxes. on the wealthy side h

. >>> some one of a kind watches are said to be auctioned off robert frank has the famous owners youx," i think. >> he did. >> that's his watch. rolex has a long history with the pga and great champions. >> rory's the latest. >> it's one thing for a celebrity or sports guy to own it for a long period this was jack's watch for 50 years. we'll tell you about it. it is considered one of the most famous watches in sports tonight it could be one of the most expensive ever auctioned. jack nicklaus's gold rolex is coming up tonight. watch experts say it could surpass the 17.8 million that paul newman's rolex fetched in 2018 they have been waiting decades for this to come on the market it is the only one he wore for more than 50 years it was on his wrist for 12 of his 18 major trophy presentations. >> i didn't play golf with a watch on but it came on as soon as i came off the golf course. my watch and wallet came back on to me so every time i'm with a trophy, every time i travel i have a picture of me with the watch. and it was part of me. >> all of the proceeds for this sale will go to his

our thanks to kimberly atkins, robert costa, to frank figliuzzi for starting us off tonight. >>> coming up for us, our next guest, the author of a new book on the subject of impeachment says the president's impeachment strategy shows he fears the truth and just might lack a good defense for his words and actions. >>> and later, why the u.k.'s prime minister is trying to keep his distance from donald trump during this week's nato meeting as "the 11th hour" is just getting started on this monday night. these folks, they don't have time to go to the post office they have businesses to grow customers to care for lives to get home to they use stamps.com print discounted postage for any letter any package any time right from your computer all the amazing services of the post office only cheaper get our special tv offer a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again! >>> to the surprise of no one who was able to fog up a mirror, the trump white house will not participate in this week's judiciary committee hearing on impeachment. today

get the word out about available space and all the amenities that are available to tenants but robert frankking all of these rules and killing it in the process. >> yeah, they're breaking all the rules and they're breaking all the price records. they didn't buy a single advertisement. they didn't list a single apartment or even have a sales office or release a single photo. but 220 central park south, the 69 story super tower off central park built by vornado is home to top 20 sales this year no other building has accounted for such a large share of top sales ever the latest deal is hedge funder dan ocks purchased a penthouse for $98 million. it will be his pietater since his main residence is in florida. a $238 million purchase for the entire third floor that is the most expensive home sold in america. >> the most expensive home sold in america and its not his primary home >> that is just the raw space. he hasn't built it out yet their neighbors will include sting and his wife trudi they paid $66 million for another penthouse. eric schmidt, a california hardware magnate, he paid $61 millio

millionaires are thinking about everything from it markets and the economy to taxes and politics robert frankat robert, good morning. >> good morning, becky american millionaires heading into the in you year a little more cautious about markets and the economy and they say the biggest risk to wealth is washington a third of millionaires say the economy will be the same next year while just under 40% say it will be weaker that's according to the cnbc millionaire survey they poll 670 americans with investable assets more than $1 million. they have grown more pessimistic since the summer and they're forecast for stocks have come down over 40% say the s&p 500 will be flat to down in 2020 while only 16% say it will be up more than 10%. the most are expecting investment returns between just 2% and 6%. the biggest risk next year, yep, politics 40% say government dysfunction is the biggest risk to the economy next year. it's also the biggest risk to their personal wealth. with only 8% expecting higher taxes next year. now like the rest of america, millionaire views about the economy and markets depen

our thanks to kimberly atkins, to robert costa, to frank figliuzzi for starting us off tonight. greatly appreciate it, gang. >>> coming up for us, our next guest, the author of a new book on the subject of impeachment, says the president's impeachment strategy shows he fears the truth and just might lack a good defense for his words and actions. >>> and later, why the uk's prime minister is trying to keep his distance from donald trump during this week's nato meeting as "the 11th hour" is just getting started on this monday night. when you take align, you have the support of a probiotic and the gastroenterologists who developed it. align helps to soothe your occasional digestive upsets, 24/7 with a strain of bacteria you can't get anywhere else. you could say align puts the pro in probiotic. so, where you go, the pro goes. go with align, the pros in digestive health. and try align gummies, with prebiotics and probiotics to help support digestive health. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new way

always said, "even though history may be bad, history's history." >> in 1986, earl's father, robert, learns that frankwo spectacular pieces of bonnie and clyde memorabilia -- the ill-fated duo's most personal weapons, a .45 that was in clyde's waistband and a .38 that bonnie had taped to her thigh. he sets his sights on adding them to his treasure trove. >> when the opportunity came up of history, holding a gun that he knew clyde probably used and had on his person -- this is his top joy. >> robert and his wife, maryanne, drive to austin for the sale. >> other texas history buffs -- robert's friends and competitors -- fill the hall. >> it's kind of funny. my dad apparently got up to converse with somebody, go get a drink, and the guns came up for auction. he wasn't in the crowd. >> robert's golden opportunity is slipping away. maryanne looks around -- no sign of her husband. the hammer's about to go down, so she takes matters into her own hands. >> my mom, knowing my dad wanted them, you know, at whatever price -- she was the one that actually purchased the two guns. [ applause ] >> so, she did the bi

robert frank joins us. >> good morning, joe raising the tax rate on capital gains.a year he would bring it from 23.8 to 39.6 that would be the highest rate since 1978 the question for investors is how a near doubling of the capital gains rate would affect stock prices and markets now history shows there are big selloffs before rates go up but then ultimately rates don't drive the markets. now in 1987 you might remember the top rate went from 20 to 28. -- to 28%. there was a lot of selling in '86 leading up to that tax hike with capital gains revenue doubling just in that year now the market though remains strong we had that crash in '87 but then they resumed their upward climb. now we also look at 1970 that's when capital gains rates went from 27.5 to 22.2%. once again you had a lot of capital gains sales surging from that height. 1970 was a good year for stocks and that continued up for another three years. there has been -- never been an increase as high as bidens if you live in new york, new jersey, or california. your combined state and federal tax on a capital

discussion on a monday night, kimberly atkins, wbur, boston's npr news station, robert costa, moderator on washington week, and frank figliuzzi, former fbi assistant director for counterintelligence. wum welcome to you all. i would like to start with you, bob, specifically, the state of the play in the building you cover, the us capitol as members of said congress filter in after their thanksgiving break. >> so far most democrats that i'm speaking with at "the washington post" feel pretty comfortable with the process. some of them more progressive members in their age are wishing that this impeachment probe could be a little bit wider in scope. and they're making that clear to the leadership that maybe they should go after things beyond ukraine. but the leadership is telling them essentially this is what it's going to be, we're trying to move this to a senate trial through judiciary committee as soon as possible. the thing that comes up again and again is speaker pelosi is in control. she has chairman schiff and chairman nadler working day to day with her and on the same page trying to wrap this up as soon as possib

frank. >> the attorney general disparages andne does not belie in the robert mueller's investigation, 23 months long. guilty convictions and guilty pleas by mike flynn and manafort and roger stone. the american attorney general does not believe his own department inspector general's report. if there is reasons for concerns today, what's the evidence that he's looking at the facts? he's choosing to ignore the facts. he's looking at possible necessity of policies and procedure changes. >> is it in here, too? >> what i am seeing here for example in the report is to the fact that wow, the fbi does not have any written policy on the president and his campaign so they went with a policy they had and he complied with it. so what i think you are going to hear is a steady drum beat now saying oh, the fbi got to rewrite their policy, they should not be looking into the campaign, it is intrusive. yeah, it is intrusive but they followed the rules. there was not a misconduct in opening and conducting the case. one instance i am reading. the fbi went above and beyond. cooperating source were wired in thisce

roberts who will oversee this senate trial. mitch mcconnell is a republican leader in the senate and i expect him to act like it. >> reporter: franklic opinion is flipping on impeachment. according to the latest real clear politics average, while it used to be that most americanssupported impeachment now most are against it. back to you. >> thank you for that live report. >>> 6:38 bay area airports are bustling through the weekend as people return home after the christmas holiday. this is a live look at sfo right now and it's clear and it's cold but thank goodness it's so dry. officials say they will have a better idea later this morning as to how the day is going to shake out. but so far, no major disruptions to report. there are flight cancellations from chicago's o'hare and washington dulles airport due to the weather problems. about 156,000 people pass through sfo alone yesterday. no problems being reported at oakland or and jose but check your flight and with your airline ahead of time. >>> most americans will drive rather than flying this holiday season. aaa projects 105 million people will hit the roads that's 4 million mor

frank lynn he wanted. and abuse of power, impeachable conduct? >> i think it would be subsumed into it. >> how about when president kennedy directed robert kennedy to deport one of his mistresses as an east german spy? with that qualify as impeachable conduct? >> i can't excluded. >> how about when he directed the fbi to use wiretaps on congressional staffers who opposed him politically? would that be impeachable conduct? >> it would seem to be falling within it. >> go to barack obama. when barack obama directed or made a finding that the senate was in recess and appointed people to the national labor relations board and lost 9-0, ruth bader ginsburg voted against the president on this issue, would that be an abuse of power? >> i'm afraid you have to directed to others but i don't see any exclusions under your definition. >> how about when the president directed his national security advisor and secretary of state aligned to the american people about whether the ambassador to libya was murdered as a result of a video or was murdered as a result of a terrorist act? would that be an abuse of power for political benefits 17 days before the next ele

robert sherwood was about six foot eight. he was fresh out of the army and in 1919 and came to work. he said he was a very good writer. frank wanted to believe him. he had been very wounded during the war. even gas, been shot in the leg and as dorothy would say, the sky was enormous area sherwood would go on to win for pulitzer prizes and become a speechwriter for fdr. so these were all unknowns. but they all misbehaved tremendously. and of course ended up getting fired. it was all basically because dorothy decided as theater critic right now that she was going to go after broadway producers and she ended up libeling them and so he really had no choice. conde didn't want to fire her , but knew she had to go and it was for frank who had to do it. so during the war, he sets up british vogue the cause he can't exportpaper from america, believe it or not during world war i . and decides at the end of the war in 1919 and he's going to go across to europe and set up a french vogue but is now become the first international magazine publisher in the world. now, we talked about a few of the staff writers and i'm just going to show y

robert mueller. and to pre-spin and withhold that report until his spin on it had seeped into public consciousness. >> that is a mild description of what took place in that instance. and the phrase that franketter which is disgraced his office. the history will record the way bill barr treated the mueller report as one of the great acts of raw political men dasty. and an exercise of enormous political power to undercut bob mueller and to shape the way in which the mueller report, with its devastating findings, was received by the public. it's one of the more extraordinary things i've ever seen in the time i covered washington. barr understood exactly what the limits of his political and communications power were. and changed the arc of history with the way which he handled the mueller report. and thereby, totally doing as frank just said did not act as attorney general. this is a -- your word muscle memory is right. it's a replay of that. and all you need to know is that donald trump has spent months. months talking about how the durham investigation and the ig report would reveal that what it was -- the -- the crimes perpetrated against him. started with barack obama. tapping his phone li

and she's the godmother-- her and frank gifford, who passed away, are the godparents of kendall and kylie. and for years-- i mean, i'm going back to probably robert to say, "you guys, have a tv show. this is all so-- you know, you're so funny and you know everybody, and nobody would believe what goes on around here." a friend of mine, deena katz, was over at the house having dinner and she said, "you know, ryan seacrest is looking for a producing partner and a show to do. i'd like for you to go talk to him." and i said, "great!" so, i had a meeting with ryan, and he loved the idea and took it to e!. and they loved it, and i think 30 days later we were filming. so, it was really a whirlwind. i'm kris jenner. because i'm the mom! i'm the mom and kim's manager. okay, kim, it's your world. i just live in it. say what you want, but i know what's best for my kids. where did you learn the ropes of negotiation? because that is a skill that eludes lawyers, and even, you know, people in business day to day. how did you develop that? i think i had the opportunity to grow up and be very close to and have intimate access to people like terry semel, and especi