Transcripts For FBC Mornings With Maria Bartiromo 20171227

Well. Your open after the long Holiday Weekend. Free markets also opening in the green. Asia overnight markets mixed through the shanghai down nearly 1 print the rest of the indices actually higher. Bitcoin bouncing back to the crypto currency was sent cramming for the First Time Since the massive selloff. Investors to question will will be asking this morning. Digging out from the snow is serving in the new year bringing up to four feet of snow. They finally let out the hard. A harrowing journey from lax. Model chrissie tighes life treats her eight hour flight to nowhere. The nonauthorized passenger boards the wrong flight pay with me this morning, democratic strategist and Fox News Contributor jess guitar log. James freeman and chief strategist michael fox. Good morning. Weve all had our coffee, right . I could use the diet coke. I think youre pretty jazzed up about the stories this morning. I love infrastructure. [laughter] cheryl i could feel the excitement about infrastructure. Cheryl weve got a lot coming out. A lot to go through. Americans for tax reform president Grover Norquist this morning. Toys r us ceo retired Army Brigadier general, general anthony p. Command texas congressmen going to be here and you dont want to miss out. Our top story this hour. President trump to ring in the new year at the pretty ambitious agenda included infrastructure pushed next month. His working vacation in palm beach yesterday saying all sides of the business looking really good for next year only to be helped further by her taxcut bill. A great year for companies and jobs. Stock market poised for another year of success. On the calendar in the upcoming year, made reelections joining us now to weigh in on all of the editorial or for the washtington examiner. Hugo, good morning. Do you think we are going to actually see bipartisanship . The one thing they can agree on is infrastructure, whether republican or democrat. I think if you are going to bet on anything uniting the two parties they would be of rupture. Democrats will head into 2018 was pretty much everything the republicans in President Trump want to do. They like infrastructure. They spend a trillion dollars at the beginning of the obama admitted ocean as well. This is their opportunity in the bases to head into the 2018 elections not looking like the party that says no to everything. They will say no to everything, but perhaps the president is heading on the right thing here and there is a need following camp david in the first weekend of january where Mitch Mcconnell majority of these are the descendents speaker in the house to get themselves on the same page on this. This is certainly something they want to do. Mike bob, good morning. The democratic side as he put it they dont want to be going along with anything the gop trump is doing. We have heard from the democrats in congress that they would be willing to work with trump as he is willing to work with them. But will it take to get this going . Is it going to take Chuck Schumer and nancy pelosi to reach across the aisle accept the invitation across the aisle . I think the leadership has to get involved. The balance he was going to be that the conservatives in the house are going to be very reluctant to do a lot of what goes into the infrastructure package. We can see these things can become kind of goggles and the more that you lose the republican and conservative of the more democrats you have to get on board them or produce you have to give them. They will be looking up things in their own districts, pet project and there will be a constant state of tension between the Republican Leadership in the democrat but what they want to get. My question is how well pay for all of this. One of the things President Trump seems to be looking at his Public Private partnerships and money from states trying to kind of take the burden off the federal government. We came off a mix of the tax reform package at 1. 4 billion. Is this something democrats can accept . They of course dont like it and dont see nearly as much need for the her part of the partnership. The President Trump in the package that appears to be shaping up looks like 200 billion of federal money. A lot coming from the state in the portion of the private partnership is very much unclear. You know, if the democrats want Infrastructure Spending and it looks like the president in the gop congress is willing to go along with that to some extent, i suspect they will accept the private partnership. At the wall street journal, wondering about the rules that this is going to happen under, do you suppose they will be any reform of the things that make us so long coming so difficult, so costly to build roads and bridges, union labor, Environmental Impact statements. Are we going to see any reform here is harder than steel . I suspect republicans will try and have some doubts, but that will be resisted by the democrat if the president wants bipartisan bill and if he needs a bipartisan bill to get this, and i will be, very limited. A look ahead to the 2018 midterm elections. The recent news poll found that any cost educated women are moving away from the tv. 62 aware and would rather seek Democrats Control Congress compared to 30 who said the same for republicans. How concerned should republicans be heading into the midterms . They need to be very concerned. Historically they lose big time in the first midterms of the first term of the presidency. Just history by itself would suggest democrat are here to win this. The president is historically unpopular and i started out unpopular because his numbers have fallen. To that extent, it accentuates the historical trend plus what weve got right now is also a need to moment and the president is caught up in that. You remember the tape he was caught on disparaging or talking in a very vulgar way about women in the way he treated them. That Office Replacement to the democrat plans for the eight screen election because they will run again on the republican war on wouldve been in seeing these numbers the democrats must be divided because its a much bigger gap in the 2016 election. Good morning, hugo, just guitar live here. Cheryl forget infrastructure. Shes loving this. I am curious to expand on that a little bit more when youre reading the quotes that came in the article about the wall street journal poll about women, a lot of people are mentioning worry more than the fact the president backed roy moore in the Alabama Senate race. I always felt like it was going to be a trip from a trip with the excess hollywood taping you mentioned it happened so quickly in terms of an election was the people needed time to digest it and also see how donald trump is going to gather and obviously back and alleged child molester will not help. I think he was 34point deficit for worry more which was a lot higher than for women who hadnt had children. Do you think that is thats going on here, but when im in the 2016 race or just the effects of Sexual Assault movement more generally. The first time around when the access Hollywood Tape came out, i was surprised how quickly it went away at the end. I know, right. Ever since Harvey Weinstein was exposed for his extreme behavior in hollywood more than two months ago and more and more women have come forward to talk about the way they have been mistreated in really terrible ways and in enormous numbers come in the issue has caught fire again and the democrats have raised the issue of the president s own treatment of women. I suspect the soviet played out during the coming year and democrats have absolutely no reason not to play it out. Cheryl they have their own issues, hugo. The democrats have their own issues, especially going into these midterms emerging between the parties based as someone who see him impeached and lawmakers are wary of the political backlash on the democratic side. Using this could have an impact on the midterm as these democrats really go after President Trump. You know, democratic leadership will be able to restrain the Democratic Caucus in congress. Significantly, the caucus voted to put Jerrold Nadler as the Judiciary Committee rather than zoe lofgren and hes much more inclined than he did with politico this morning. Hes more inclined than she would have been to contemplate impeachment. I think once the midterms are over, thats when the real pressure will be on the democratic issue. Theres an enormous majority of democrats out in the country who would like to see the president impeached by the the resistance movements and they like to call themselves that absolutely on fire for getting rid of the president. The backlash is not likely to come before 2018. Cheryl thats a good point hes making, jessica, how far do you want to go against President Trump . Its certainly been one of the biggest stories of the year, but at the same time its wrapped up, but at the same time the anger, the emotion can have a negative effect and be a turnoff to some voters. The thought of a president mike pence is so much more frightening for me in terms of the social justice they adopted a lot of these positions in the republican party. I think it is a much better use of our time to deliver the policies for voters and win elections. Cheryl is a careful road to hoe. We are talking about infrastructure. The other thing talking about his entitlement reform. Paul ryan is emboldened. Will be interesting to see when youre talking about an older voter. Guilty of playing with fire to do that. If you look at Donald Trumps truth, the harbinger of what to come. Infrastructure which was a direct shot at paul ryan because he promised he wouldnt touch Social Security. We have to leave it there. Thanks for getting up with us. Appreciate it. Thanks for having me. Cheryl a lot more coming up on the show appeared walloped by winter. Pennsylvania getting more snow in two days. 57 inches. Many places get all winter long and it is still snowing this morning. The amazing pictures we are getting out of there. Big blue on bitcoin. But they are getting a boost behind the technology from the crypto currency. Cheryl million still recovering from the recordbreaking snowfall on christmas day. Im shapira got the details and sony pictures. Think about this. Erie, pennsylvania, then for a fetus now. The city issued a snow emergency citing dangerous and impassable roads. This in a bitter arctic blast is gripping most of the United States. The worst of the cold grip the central u. S. From saturday through new years day when temperatures may fall more than 30 degrees below normal. He is fed by the way for those of us 30 below is what we call wednesday. Suing the department of defense, new york, philadelphia and San Francisco failed to report criminal convictions of people of the military to the fbi and national gun background checks. Following the requirement could have prevented former airman devin kelly from purchasing the god that he is to kill 26 people in a texas church back in november. The u. S. Air force has admitted it did not report killing to the fbi. The culprits cannot keep up with our love to tweet. The library says it will no longer archived every tweet simply because there are just too many of them. The number at last count in 2013 was 170 billion tweets. I would like to proofread that . The library says tweets will be kept on a very selective basis. Ive got to add this. Why were they saving trees . Cheryl i dont know. A lot of folks have treated things they would like saved. Have you ever treated something and you think to yourself i respond to people say nasty things to me on twitter and im like i dont need to do that. Ive only gotten caught a couple of times. True to you, michael . Anything you wish you could take back . Ive definitely not written a few things that are new to say this. Cheryl what you do as well. What you tweet is considered it could very easily balked her career. My best tweets have never been sent fortunately. Cheryl very ago. A lot more coming up. We might start tweeting on the commercial break. Thats enough against ford. Making a pickup truck that would rival fords legendary f. Series pickup truck. Get this. Model christie taken. Model christie deacon mike tweets her midair crisis. The head scratching reason why her flights in japan got cut short. We will be right back. Cheryl bitcoin a boom or a bus. Currently lets take a look overnight tonight. 16,610. 10,000 to 20,000. We never know where bitcoin will be, but bitcoin of the month had many wondering whether they should invest in a digital asset. A Founding Partner for the classaction lawyers. Good morning. Good morning, everybody. Cheryl i realize hes got a lot of lawsuits regarding bitcoin. Explain to us the biggest risk in your opinion especially after talking with your clients. Its talking with my family at every holiday meal this week. Everybody is having fear of missing out at the moment are the biggest risk everybody faces is simply how they are going to buy the currency whether the bitcoin, like going. If youre going to geminis with the twins. Everybody needs to realize these are all different types of banks and where you do your banking is very important. Cheryl you and i have not talked about bitcoin. I dont think youve been terribly bullish on it. They now say is these things work because they have value. We see this in our lifetime in these things turn into amazon and sometimes im old enough to remember that. David, lacuna the rules here, you are doing quite a bit of business in crypto currency. You are suing some of these folks causing people to lose money. Bottom line, what is the big picture here. The bottom line is pretty simple. The power of the network. If only one person had bitcoin at not insoluble. 10 years ago was only worth a couple dollars. People start flooding the market they will have more value. Whether you believe winklevoss twins will replace gold i can tell you that. Im a kids soccer game last weekend the holiday table, i miss living in new york for this reason because the taxicab drivers know everything. Telling me about the price of bitcoin and where it going and that means everyone in everybody wants to be in the space right now and people rush in and the prices will go up. James freeman at the wall street journal. You like to look for those few profits. I dont see them in these exchanges. Is there a lot of money for you to extract or do you have to basically take peoples actual coins and is that tough to do . Its a great question. The exchanges right down the largest in the u. S. Whether coin boys or gemini, they are doing billions of dollars in business. Quite invasive couple months ago over the summer is a lifetime. They raised over 120 million in the billion dollars valuation. Coming for these exchanges and putting money into it, the valuation if you look at doubling or tripling gives claim based in there and not the Biggest Exchange in the u. S. The question about whether or not i can collect art of moment right now every single client of mine and i have thousands of them over the last couple of years. The early adopters and the technologies fortunately some of the people have lost the most amount of money. Cheryl do they want actual cash value back . What are you suing for . So we are going to a court of law. Most cases are federal court. We are suing most of the scheme for precision so that the clients can get their property back in depending which federal agency or talk to, whether the irs come the cftc the fcc, they change whether its property, currency or commodity. Right now my clients i can tell you they all want their bitcoin back. Cheryl if youre somebody who will invest in some time, youve got another risk. Your clients know the rest going in, especially representing some early adopters. Its kind of funny because all these early adopters whether anarchists, libertarians, none of them believe in the government and they all started after the banking collapse in 2008. Ironically when the money stolen they all want the intervention. I can tell you that. Right now we are suing the definitely a problem. In florida in historic ruling really got 11,079 worth 200 million. We cant collect it, but thats a lot of money. Trade to what is so interesting that someone said youve got people like Morgan Stanley is worth zero. Block changes ibm, walmart, visa. This is the Ledger Technology behind it, the trading of it is one of the largest capacity in 2018. 60 senators rented out to businesses. There is a legitimacy if you will to the other side of the technology. Absolutely. People need to understand two parts of the conversation. The Underlying Technology and the currency trading in different crypto currencies. And her blind technology, the public ledger that ibm was an early adopter on and saw this coming is where the Large Businesses are making the investment, whether it be ibm, dell, oracle, microsoft. Businesses are ahead of the game in the technology will change everything. Russias Financial Institutions and how we transact business. Cheryl thank you very much. Really quick, and this is the right decision from the investors. Youve got the features trading but an investment bank. Two quick points. This involves transactions of the possibility to become part of it. Ive talked to people who run pharmaceutical companies. Anything that involves transactions can involve block chain technology. Getting back to bitcoin paradigm was their bitcoin is is the big viable incumbent. Goldman sachs announcing that its real cute, but here. Youre a big chart crypto currency coming out with to figure out the financial transactions. This is a new standard. Youre right. Its great. Adam said that. 20 crypto current needs. Goldman did not get into this to play follow the leader. Thats the thing theyre so much competition in this market. It isnt the only game in town. We will take a quick break when they come back. Affordable smartphone. New hints about what Microsoft Might be working on right now. Free speech or unlawful attack. The challenges many colleges are bracing for in the year ahead on campuses continues. We have a short amount of time to get our patient to the hospital with good results. We call that the golden hour. Evaluating patients remotely is where i think we have a potential to make a difference. barry murrey we would save a lot of lives if we could bring the doctor to the patient. Verizon is racing to build the first and most powerful 5g network that will enable things like precision robotic surgery from thousands of miles away. As we get faster wireless connections, itll be possible to be able to operate on a patient in a way that was just not possible before. When i move my hand, the robot on the other side will mimic the movement, with almost no delay. Who knew a scalpel could work thousands of miles away . Cheryl good morning. Im Cheryl Casone and for Maria Bartiromo. December 27, top stories at 6 30 a. M. Eastern time. More classes on campus. Confrontations over speech spread across universities from california to virginia. Colleges hear the violence is only going to get worse in 2018. Students are millennial panels getaway on how online is combating the rising cost of college text book. A highflying fiasco model Christie Teigen life treats her flight from lax to lax. Theres so much thank you for taking in this awesome vacation, babe. Welcome to los angeles, babe. Dinner was so good. And unauthorized passenger forces them to return to los angeles. Assert on this wednesday. Dow, s p and nasdaq up slightly. In europe back open after a long Holiday Weekend. In asia overnight markets are mixed with the shanghai down nearly 1 . The rest of the major averages closing in the green. A jolt to the honor industry. Elon musk goes down the gauntlet promising a tesla track the arrival of the ford f1 fifth date. The electric pickup can finally be arriving. Ready to enter the full microsoft foldable smartphone. How the new device would actually work. A divisive on college campuses. Differing points of view, controversial as outrage amongst to challenge the boundaries of what freedom of speech means to higher education. Administrators preparing for another combative here. Could be worse this year in fact. Joining me this morning, just morning, Jessica Tarlow democratic strategist and contributor and group Energy Director [inaudible] good morning. Jessica, you and i talked about this before. Talking about this issue on campuses. In the 60s it was berkeley. Now again its berkeley in 2017 another colleges. Exactly. Its fundamentally dangerous than the real issue here is that they threatened violence they can get speakers canceled they dont want to see if you pay 600,000 so he can tell you why its prolife. I think its quite disturbing to see whats happened to the understanding of what the First Amendment means that a lot of people are saying i disagree with, which we know it isnt. The cost of making sure you can ensure free speech is going to be terrible and not every student can afford 600,000. If im going to pay god knows what, i want them to be saved. They havent gotten a handle on how to protect students. This event. Their far left figures that when i was in college i had iran, blamed mark Amodei Medinah shad kane. No one went out and commended not to violence. When i speak at college campuses, it is the more extreme elements on both sides of the isle within campuses that make things more difficult than not is becoming a problem for more feel if they are protesting their something with them. An environment being created and they dont feel somebody is out there advocating for them to listen to people they differ with. I dont want to generalize here to all universities across the country, but it is a pretty liberal bias an overall higher education. More so than ive ever seen. We see in these professors their own agendas who are young and impressionable. At the liberal hotbed. You have to identify what the problem is. Its coming from the left, attack of the First Amendment which is our core values in the real problem. When you see what endquotes or or miley annapolis provocateur in the right, they can even speak. But they have to say is to shut down immediately. Cheryl so what happened, ive been coming to both sides of the story . If you are sending your child to be educated and they need to see both sides of the spec driven. All sides of the world. There are people on the right, the Richard Spencer who want to protest because it allows them to say we are persecuted and reaffirms all along and they do come in and protest them from the right in the left. There are people who want to have real conversations. Yale university handled it great over last spring when College Democrats were having a Hunger Strike to protest something real. How did they handle it . It was a barbecue right next to them. I want some good barbecue. We make decent colleges as we look to this warning about 2018, do you think there are better ways they can handle what we are going to see . We dont want to cover another violent protests. Im glad you brought up the point about higher protesters on both sides of the aisle. Their outside groups. Directly paid by my low or ann coulter or who show up to this. We will see more of it. Im not a Police Officer. I dont run Campus Safety and i dont know how to regulate that, but i do think professors can do a better job in the more liberal professors than conservatives but it is beholden to all of them to talk in educated better about what freedom of speech is and why you need to hear the other side. Frankly it would be a lot easier to digest what happened in 2016 because for better or worse, endquotes or had a big effect on people. Richard spencer and fortunately dead and the rise of White Nationalism on the albright in this country is an important force that needs to be reckoned with. I personally would not go listen to Richard Spencer speak. I avoid his quotes when they come up in the news on every level. I do note the philosophy is that my understanding impact. You so you can bury your head in the sand if you dont know both sides. Thats the thing if you dont understand what elect to donald trump in what got into the highest office in the world, you are doing yourself a disservice. Cheryl do think this is a Bigger Picture issue that this is what is making the country more divided . I dont think any of us have seen in 2016 that divisiveness and anger weve seen them Forget College campuses. We are styling ourselves. Especially in politics, one to feel where the views are confirmed. If we dont see this any other industry you can make the boston red socks that we dont have some violent visceral reaction. We respect one another and that is what is lacking in our society. We need to foster more. Cheryl not all yankees red sox fans get along. That hormone that could lecture he says. Cheryl demonstrating in baseball this track. If your resolution is to pay off her student loan. I have to have one for many graduates it is now. 1. 4 trillion in student that is seeping into other aspects of the economy. Housing much i want to ask you about the millennialist i delayed purchasing homes. Have you seen that in the Real Estate Industry . They are definitely staying in the rental market longer. Blood meals come down on the home purchase friend. You continue to see that unfortunately enough of the laypeople of upgrading larger homes. Cheryl its interesting for this is one problem have gotten away from that issue but it still a daunting issue. I will say with unemployment at a 17 year low i hope this will turn around. 1. 4 trillion in the student loan debt. The average millennial in 2016 and graduated with her to 7000 in student debt is due to debt is twice the amount of Credit Card Debt is needed dates for all americans and this is a mouse above is a mouse above open its developer will trigger an economic crisis. The lineal snakes more and more delays in their own lives. They love their parents longer. Thats like what they extend a 20. Essentially still living from the noodle diet and pay everything off. Are the Bernie Sanders plan where they wipe away the student debt. Is shouldnt have been made burden this large in the first place to not be costing 50,000 a year. I will say out there weve been tough on you probably that you have been saving data so that is good news. Thank you, millennialist. Stay tuned for more from the panel coming up. Holiday travel treat storm. Model christy said to live treats after her flight to japan takes often comes back to los angeles. Very entertaining. Cars, semi trucks taking on the allamerican pickup truck. Maybe putting his foot on the gas to take on ford. We will be right back. Think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. Read the prospectus carefully at alpsfunds. Com amlp they appear out of nowhere. My secret visitors. Appearing next to me in plain sight. Hallucinations and delusions. These are the unknown parts of living with parkinsons disease. What stories they tell. But for my ears only. What plots they unfold. But only in my mind. Over 50 of people with parkinsons will experience hallucinations or delusions during the course of their disease. And these can worsen over time, making things even more challenging. But there are advances that have led to Treatment Options that can help. If someone you love has parkinsons and is experiencing hallucinations or delusions, talk to your parkinsons specialist. Because theres more to parkinsons. My visitors should be the ones i want to see. Learn more at moretoparkinsons. Com cheryl welcome back. Features for him a higher ones day. Microsoft working on a smartphone. Following the patent with a flat hinge that would allow us to open and close like a boat. Microsoft shares up 35 over the past year. Warning about a key scene in the new star wars movie after filming some complaints, telling people dead and 10 seconds and with no sound is intentional. The moment in the last was intentionally done for creative effects that they did not go off in the theater. Shares are down 50 over the past year. Turning around for hours into his trip and model Christy Teigen live tweeted her entire flight. The only way to describe it is strange. The flight landed eight hours later in the same place after pulling a uturn over the pacific. Model Christy Teigen and has been john legend were on board. She broke the news to her followers on twitter. Four hours into an 11 hour flight and we are turning around because we have a passenger who isnt supposed to be on the plane. Why do we all got to go back . I do not know. They keep saying the person had the united ticket. So basically the boarding pass is a machine that makes noise. Thank god they dont archive the dont archive the santa monica labour congress. Elon musk says they still want to produce an electric pickup. I promise that we wont make a pickup truck right after model wife. I cut the cord Design Engineering element almost five years. Production on the model wife is to be expected to start 29th teen. Added that he wants to pick up to be comparable than slightly bigger. The number one selling truck in the United States. Shares of tesla up nearly 50 this year. Nintendo delayed launch of its 64 gigabyte game card until 29th team comment citing technical issues. Switch cards can only hold up to 32 gigabytes of data right now. The delay comes after a successful first year of the device that can plug in as a counselor used as a portable player. Nintendo selling more than 10 million nintendo switches. In tender shares up over 75 in 2017. Trendy item, and still trying to get over the Christy Teigen live trading. The guy got on the plane with a long boarding pass and completely wrong airline. We are losing language, but the machine misread the past. The woman had a boarding pass for an ama flight, japanese and got on the united flight. Look, shes clearly in first class. Cheryl of course they were in first class. Does not freak you out a little bit . Really freaks me out. Versus women going . Trying to go to iowa on the wrong . Cheryl there mightve been an englishlanguage issue, jessica. Im still concerned about the site airline didnt catch it. How much of a talked about security . Taking the one i am a united flight and bumping us. Cheryl we are going to get it. U. K. News. Sales receipt. Cheryl we are going to get a towel because jessica is now spilling all over. Coming up, stock marker records in the promise of Economic Growth. 2017 has been one for the ages. Take a look back at and i think youre in business. We will be right back. Dont know if you can hear me, but [monica] whats he doing . [lance] can we get a shot of this cold front, right here. Winter has arrived. Whooo hahaha [vo] progress is an unstoppable force. Brace yourself for the season of audi sales event. Audi will cover your first months lease payment on select models during the season of audi sales event. Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. Prices of the season on the only bed that adjusts on both sides to your ideal comfort your sleep number setting. And snoring . Does your bed do that . Its the lowest prices of the season on the queen c4 mattress with adjustable comfort on both sides. Now only 1199, save 400. Plus, 24 month financing available. Ends monday. Visit sleepnumber. Com for a store near you. Cheryl for president terms market him to major mergers on wall street to the bitcoin boom, a busy year in business news. I rode Maria Bartiromo has been there for the highs and lows. Here is her look back a business in 27 team. What the economy and the stock market, 2017 whiskey or the businessman turned president donald trump. Together, we will make america strong again. We will make america wealthy again. We will make america proud again. We will make america safe again and yes, together we will make America Great again. A speech on our duration is setting the tone for a contentious year in politics. A wildly successful year for much of the business and investing world. Stock investors seemingly day after day shattering milestones along the way with 6 trillion in added the election. This is a very big day for your money. 24,000 on the dow. Business leaders credit much of the runup to the progrowth agenda of the trump administration. The promise of tax reform hoping the rally. He ends the year finalizing 1. 5 trillion tax overhaul endquotes of 3 or better for three quarters. A tremendous enthusiasm for business in this country. Setbacks to the white house spoke comes down from john mccain killing the gop promised to repeal and replace obamacare. In the claimant of less regulation, make a deal landscape of corporate america. Qualcomm with an offer worth 100 billion. Cbs and the merger that could reshape the entire health care industry. At t fighting the government in its bid to on time warner. But good none the bat of technology on this lane 2017. Artificial intelligence taking major leagues forward. Hackers making their mark, too. A huge breach of the very information equifax is supposed to protect. 105th 2 million americans stolen Property National average for congressional investigations all in all it was a great year for technology as well. Amazon and google crossing 1000 a share at the 10th anniversary of the iphone. Apple is now sold more than one at a quarter billion iphones in the last decade. And then there was the scandal decades in and make a rocky nearly every industry in america. Sexual harassment from a slew of high profile hollywood people to major media figures like not lower, bill oreilly and charlie rose to numerous reports of a Boys Club Culture in Silicon Valley taking on several executives including former uber ceo travis kalanick. Powerful members in positions within in positions that they meet to movement gains steam. The year ends with a question everybodys asking. Its Bitcoin Bitcoin a bubble or the real deal. The crypto current explosion in 2017 serving europe 1000 incredibly crack in the 20,000 range. Workers from here will be a major story next year is to close at a truly remarkable business. 27 team. I am Maria Bartiromo. Fox Business Network new york. Cheryl still ahead, the future of retail. Not heading to the malls over select a shot. Of the Real Estate Market is changing the way we live and shop in the next hour of mornings with maria. Good morning. The top stories at 7 00 a. M. Eastern time. Before the castle put in place. Unwanted gifts present to retailers. The companies that benefited the most. We have futures pointing to a slightly higher open. They are back open after the long Holiday Weekend. In asia overnight markets are actually mixed. Shanghai was down nearly 1 . Dream of a White Christmas turning into a white out. New rules for the happiest place on earth. All of that coming up and with me this morning i have our team. These caps are pretty nifty though. And kind of counter intuitive. Coming up this morning with former toys r us ceo jerry storch is here. You dont want to miss those guests coming up. The clock is ticking. For many homeowners that are rushing to prepay for 2018 property taxes. The new legislation caps state and local Tax Deductions at 10,000. Youve stories around states around the country. People trying to prepay their property taxes for 2018. Not all counties even know how to process that. What we are seeing is that this tax cut not only cuts taxes now and helps companies internationally it also is going to foster good healthy competition between states and among the cities. They have the most competent government. They made a unclear as he was governing while. If you are in new jersey or new york or california. If the look in the mirror and say ive been voting for these people who put these cost of government. High property taxes would be more difficult to maintain. This is a gift to the blue state. They can finally begin to rein in. Im not sure its a gift to those who live in blue states. I would not say its really a gift to the blue state. There might be kind of a piece of coal in the stocking. Its the only thing that will get them to cut tax rates. Silicon valley will insist on that now that they are not subsidizing those attacks and local taxes. They argued have a millionaires tax and now theyre not going to. Theyre not they are not getting a tax increase. As a jersey resident it is encouraging to see that this is perhaps maybe getting us on the road to reform. At that the general democratic message was that people in blue states have to pay their fair share. This seems to be an issue for a few of those higher and tax payers they have not quite figured out how to deal with tax reform. That is also a tax reduction. Theyve just been touring everything throwing everything against the wall to see if it would stick. Now you can go to tax plan calculator. Com and do your own taxes. Significant tax reduction for middle income americans. Then they shifted to really rich people they are just grabbing. They are flailing. I want to ask about the overhaul in general. Its been under scrutiny from some tax experts and payers. They are trying to get a handle on the impact of the legislation. Some industries and people are benefiting including once a for Citrus Growers craft breweries companies had heavy medical expenses. These are kind of the unattended by unintended but good consequences. This has so many good pieces to it on craft brewery. Theyre trying to come up with some rational way to not really had high taxes on smaller taxes. It would be very good for consumers. Youve seen an explosion all around the country that we have not had for decades because of our stupid tax policy. They stopped new ideas from happening. We will be surprised at the benefits from this tax cut. Im one of those democrats who is using all of the talking points that you mentioned there. And i dont know yet what my tax cut looks like. Looking ahead to 2018 where we know of the tax legislation will be a critical point of contention here between republicans and democrats how would you recommend or what advice would you give to republicans who are getting out on the campaign trail talking about this plan to try to sell it better. They are definitely winning the message in war here. According to un benefits everybody. What advice would you give to senators who are out there defending it. This is all a downhill now. Simply tell people you go to the tax calculator and figure out what it is. But every two weeks look at your paycheck look at what it used to be. Half the country has a 4o1k or an ira go online and look at it and see how your life savings has increased. Stock market increase is not about ted kennedys kids. Is about more than half of americans who are in the stock market and their seen their life savings increase and when the tax cut became permanent not only to relock those increases in but there will be future increases because of that. Youve higher income and all the claims that were said about it returning about not to be true. Right now that generic about has them up 13 to 15 points. And we know it is just fine for a wave. Do you think that this is enough that the gop could hang onto the house. It gives the republicans a talking point. We did something very large. Something obama said he wanted to do was take the as us and Corporate Tax. Even he understood it was necessary. He did not put the time or the effort by the work and doing it. They were able to do a very complicated and difficult tax reform because there was so many moving parts there was also Energy Reform also health care reform. There is so much. And all points to something and there is a really good piece in the wall street journal about this. They are disclosing that the tax plan is actually going to affect their bottom line and a and a good way. To half a billion dollars. Their seen 1. 3 billion that is one of the things. Its not one of the ill effects we are seen of the bill. All of these companies were telling people we really want the lower rate. And were willing to give up some of the deductions that weve have in the past. On one as well as individual side. What changes for business permanently is that the aftertax cash flow increases because you get to keep 79 of every hundred you earn. Even Bernie Sanders the democrats spent six months and there wasnt any. If you read the bill. Yet shift to sit down and let read read this. You will recognize the benefits when you live and see the changes in your life. I have to get to this. There is this actress. Jenna fischer. She put out this tweet. Her missed place outrage about the gop tax rate. Something they shouldnt had to pay for. Imagine if nurses have go by their own syringes. Guess what that 250 School Supply deduction is still in the bill. As another example. Maybe that as a messaging is a messaging problem on the gop side. They are also competing with some in the media that are reading from the other teams playbook. And just try to come up with some sort of complaint. And that makes for interesting television. Many ideas were floated out there. This did not go in the bill and the reason i did not go in the bill is for the reason that you think. Settle down take a look at what is in the bill. Live with it. And if they would report whats in the bill rather than spend all of their time trying to attack it they would not make as many mistakes. Were seen in the emotion of this. First of all corporate earnings are going to go higher because taxes are lower my issue is this. Everyone keeps talking about trickle down. We see some of these Companies Giving bonuses. Thats nice. The whole point is is it going to really lead to Economic Growth and wages consistently higher here. Does trickle down really work. It leads into moral hazard issues. Its all great until he gets out of control. What is next. Ive 30 seconds grover. The good news is having lower rates we become a tax haven. We will be getting trillions of other peoples money brought into the United States and that money is used to do things with that means hiring people which bids raised just up. All of that lovely money does not come and sit there. It gets invested. Coming up everybody. Retailers are expected to take back and nearly hundred billion and holiday returns what it means for the industry they battle more than 4 feet of snow. Much of the west rest of the country is bracing for brutal cold. Shes nationally recognized for her compassion and care. He spent decades fighting to give families a second chance. But to help others, they first had to protect themselves. I have afib. Even for a nurse, its complicated. And it puts me at higher risk of stroke. That would be devastating. I had to learn all i could to help protect myself. Once i got the facts, my doctor and i chose xarelto®. Xarelto®. To help keep me protected. Oncedaily xarelto®, a latestgeneration blood thinner. Significantly lowers the risk of stroke in people with afib not caused by a heart valve problem. It has similar effectiveness to warfarin. Xarelto® works differently. Warfarin interferes with at least 6 bloodclotting factors. Xarelto® is selective, targeting just one critical factor interacting with less of your bodys natural bloodclotting function. For afib patients wellmanaged on warfarin, there is limited information on how xarelto® compares in reducing the risk of stroke. Dont stop taking xarelto® without talking to your doctor, as this may increase risk of stroke. While taking, you may bruise more easily, or take longer for bleeding to stop. It may increase your risk of bleeding if you take certain medicines. Xarelto® can cause serious, and in rare cases, fatal bleeding. Get help right away for unexpected bleeding, unusual bruising, or tingling. If youve had spinal anesthesia, watch for back pain or any nerve or musclerelated signs or symptoms. Do not take xarelto® if you have an artificial heart valve or abnormal bleeding. Tell your doctor before all planned medical or dental procedures. And before starting xarelto®about any conditions, such as kidney, liver, or bleeding problems. Its important to learn all you can. To help protect yourself from a stroke. Talk to your doctor about xarelto®. Theres more to know™. Temperatures just in time for new years eve. With adam potts in the Weather Center with the forecast. We are talking about just frigid temperatures stretching across the country. They are windshield advisories. There is some real alternate arctic air. It feels like a 19 below in chicago. Feels like nearly 30 below in fargo. No longer talking about windchill. Seventeen below and some scott some spots. It will struggle to warm up over the course of today. And we are talking about the days highs in several locations. 10 degrees in chicago. It feels like it is in the 20s. The cold air is going to be sticking with us. We can take you from thursday into friday. You look at temperatures of sitting again. Another round of very cold air down into the negatives once again. Look at this round of very cold air. Plenty of spots down in single digits. A portion of a historic magnolia tree at the white house it was actually planted by president injured jackson. The First Lady Melania Trump decided to remove part of the tree because of a safety risk after reviewing reports from the national arboretum. About the weeping condition. She orders removal of the near 200yearold tree. Class action lawsuit has been filed. It slows down the devices the other lawsuits were filed last week. Apple is not commenting. The stock is up with 45 this year. Disney is updating the security for its resorts which includes ditching the do not disturb science. The signs used to mean an employee would pass by in the room. They would be required to enter every room to ensure the safety of guests and property. There are reports that the security changes are in response to the las vegas sheeting at mandalay bay earlier this year. They just want to embarrass the staff when they walking on people. You know whats can happen. Come on in. Put that top lock on. Theyre not explaining why they are doing this. Make sure you i went to disney world every spring break of college because i have my tennis training trip. We get the day off and i got to go to disney world which is one of my favorite places. No matter how the markets change. At t. Rowe price. Our disciplined approach remains. Global markets may be uncertain. But you can feel confident in our investment experience around the world. Call us or your advisor. T. Rowe price. Invest with confidence. If you dont want your Christmas Gifts youre not alone. There can a return about 90 billion worth of goods this holiday season. According to estimates of torah. The number has been growing steadily. They are shifting to online. The former ceo of toys r us jerry that morning. Its interesting the Retail Sector especially this year. They want free shipping. Do you think that companies are eating the costs of all of this. And do you think it will hurt retailers longterm the boom in online shopping. It is generally is generally unprofitable for most retailers. One of the reasons is the incredibly tough logistics. It has been compounded by the acceptance of free returns. They then tried on first. Are they didnt know what they were getting. They have now started to buy multiple items just as he was when they like. Its gotten very expensive for retailers. The other day we are sitting there in the financial industry and there was a rumor going around that home depot was looking to buy logistics. It was to address some of the issues that we just started discussing and also it was even said to preempt amazon from buying a company like that and shutting a competitor like home depot out. Will there be more of a viking tatian. The bill bigger retailers are going to need to invest in it retails. Whatever youre doing its not enough. And its not fast enough. Supply chain is changing so revolutionary that you have to move with speed. Now you see the rumors here at least about home depot and i would have no reason to know whether they are true or not. They are becoming those companies. Unless youre telling selling digitize low products. It is an incredibly logistics intensive tough business. You need to be firstclass if youre going to succeed at it. Understanding there is that brutal retail environment that you had been discussing but just looking lately. Very nice Christmas Season for sales and given that retailers paid some of the highest effective tax rates in the world. They are now getting a bigger break relatively than a lot of other industries. Does it give them a little bit more optimism lately. I said for some time that this notion of a retail apocalypse is overblown. Many of them go through a revolutionary time. When it got deregulated and became very different 20 years ago. A lot of change. The need to adapt very rapidly. As opposed to a model that combined stores with bricks and mortar. It should not be a time to rest. There was a good holiday season. In the tax bill is sure as heck can help retailers. And in making the stores better. It has been a really tough year for retailers. The closings of more than tripled just this year. 7,000. You have do you think that is kind of the trend in the urban cities with retail. If you didnt take into account the ecommerce area was growing so rapidly. Than any other market in the world. Its almost ten times as dense over in europe. The u. S. Needs to shed at least a third of its retail square footage. And there are a lot of Smaller Stores opening. It doesnt mean that there wont be a significant ship that second and make up for in terms of employment or retail sales or anything else. Revolution has a long way to go. I will be at least that many or more and 18. For a long time to come there is a big way to go down. Thank you jerry. I saw a nail salon and a mini car dealership in a walmart the general growth general growth has a hostile bidder. The place where i grip there is a west field there. Now its out a west field in there. They have adapted very well to mall culture. As changed so much. Cut off from the world. Not as is a position that north korea is now facing. They have approved even more sanctions. Their own nuclear options. Could it bring everyone to the table. [music] ings you never could bef. Youre working in millions of places at once with iot sensors. Analyzing social data on the cloud to create new designs. And using blockchain to help prevent fraud. So get back to it and do the best work of your life. I enjoy the fresher things in to help life. O. Fraud. Fresh towels. Fresh soaps. And of course, tripadvisors freshest, lowest. Prices. So if youre anything like me. Youll want to check tripadvisor. We now instantly compare prices. From over 200 booking sites. To find you the lowest price. On the hotel you want. Go on, try something fresh. Tripadvisor. The latest reviews. The lowest prices. Maria bartiromo today it is wednesday december 27th. Cracking down on north korea. The top two missile makers. Ices on the one. The terror group has lost 90 of its territories since it President Trump took office. Look at the markets on this wednesday. That is a mixed bag. In europe actually those markets were back open after a long Holiday Weekend. In asia markets pretty mixed. It was down nearly 1 . Harley davison believes the steep learning curve is behind the companies seep drop in sales. And a slamdunk for the nba. They threatened to end the reign over television. A race against time. Going throughout the frozen frozen pond to rescue a young boy. He was a back underneath the eyes. I was actually going out to him. After that rescue. First topping our news this halfhour keeping and the pressure on north korea. They sanction to individuals said to be key leaders of north koreas weapon program. It comes just as a un just approved new sanctions against the regime for the latest missile launch. Has called them an act of war joining me now the retired general. More punishment and more isolation. But kim jung un is still defiant. To get him actually to come to the table or back off when it comes to nuclear power. When we talk about the department of defense and state. Now we have a department of treasury involved. They helped developed the Intercontinental Development program. These two individuals. All of the grafting production. They have money somewhere. That gets to them personally. It hurts the average common north korean and now we are getting after the key people and so i think that well have some effect and i think that is an important thing. Cut off the oil supply to north korea. With every round of sanctions. So that we can continue to tighten the screws on them. You will hear them. As you read them. Talk about the golden bridge out. And youre looking for him to say i need to walk across this bridge. Instead of being backed into a corner. We were on a panel together. What is trying to do china doing and what should they be doing. That is coming out very clearly. North korea if you attack in the United States. When i can i get to come to your aid. China is doing what theyve always done. They are in the middle kingdom. They dont see any need other than to do things on the margin. A year ago they were 20 net increase. They had voted three times on the sanctions. They are diplomatically and economically there. It was the next question about they have to mediate talks. There is a lot of information and campaigns happening. There are back channel discussions. To get rid of that. Once you start to tighten screws. To suffer that deprivations that they are suffering perhaps. And then they are going to feel the pain personally. To north korean aggressions. The great question when the president and secretary matus say we have a good option i believe what theyre talking about is first you have to neutralize it. About 20 Million People live. That has always been the checkmate. They havent been able to check us with conventional weapons. They had antibodies in the blood. It was great to have you on. And congratulations on the book. Thats a lot of books to write. Coming up we are going to be hearing from you top Police Officer who is being called a hero. And a slam dunk for the nba. They league it just head its best christmas in 14 years. Potentially dangerous foods are sent on store shelves. What the inspector general. It is deeply concerning. But the league and the process has improved. Harley davison decides to expand. Part of the Harley Davidson efforts. They are honoring him. Sergeant Aaron Thompson took up his gear and went into the water. Rescuing him in just minutes. I did not notice anything when i was doing it. I knew that time was of the essence. I just called out to the paramedics knowing that im coming and i got it. He was treated for hypothermia. It is a happy ending to that story. I think we should sign you up for the Harley Davidson lesson. I think its interesting you guys that they are trying to do this. They are really cool anymore to the Younger Generation. Kind of a 60s and 70s cool thing. Its cool or anything. Its like a challenge. I think its a great idea. Theres still down 11 though. They are definitely some happy people at Harley Davidson. In particular said this tax burden is killing us. We does have a very hard time manufactured in the United States. Now that we finally have a competitive tax system i dig its probably a company that is encouraged about next year. Im sure they are liking this. Good for them for trying to get the Younger Generation. The Younger Generation takes it were. I could not wait to start driving when i was a kid. You absolutely need a license what if you need to drive in the state of emergency. I think its smart and fun. Its a racing break bike. You can travel longer distances on them. Can you imagine going on dates. They can of freak me out. The sack has a little bit more of a bump. You look at what treads are happening and you think how can i invest in that. The Corporate Tax cuts come. You see a lot more disposable income. Wait a minute. Fight fighting words. We will take a quick break. The phoenix suns shine bright. If sports highlights coming up next. Liberty mutual saved us almost eight hundred dollars when we switched our auto and home insurance. With liberty, we could afford a real babysitter instead of your brother. Hey. Oh. Thats my robe. Is it . You could save seven hundred eighty two dollars when liberty stands with you. Liberty mutual insurance. Let out your inner child at the lexus december to remember sales event. Lease the 2018 nx 300 for 319 a month for 36 months. Experience amazing at your lexus dealer. Wifiso if you cant live without it. T it. Why arent you using this guy . It makes your wifi awesomely fast. No. Still nope. Now were talking it gets you wifi here, here, and here. It even lets you take a time out. No no yes yes, indeed. Amazing speed, coverage and control. All with an xfi gateway. Find your awesome, and change the way you wifi. Wifiso if you cant live without it. T it. Why arent you using this guy . It makes your wifi awesomely fast. No. Still nope. Now were talking it gets you wifi here, here, and here. It even lets you take a time out. No no yes yes, indeed. Amazing speed, coverage and control. All with an xfi gateway. Find your awesome, and change the way you wifi. Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. It was a wild and to the sons in the grizzlies show down. Jared max is here with highlights. I will try to dunk it. Watch what they pulled off last night. They have the perfect inbound. Slims at home just like we try to do in the swimming pool. Only these guys got it. The nba scored a big win on christmas day. When they have the lawyers and cavaliers game. Down 9 from last year. Of the five nba games and christmas a few reviewers were leading last christmas. Fourteen years. That as longer than he paid played. It has a oneyear contact. If it has the ac title. Finally the teammate. Its a bit of a controversy in sports. He made this comment on the charity. We are rich as hell and we dont need it all. Other people need it if you dont give it if you dont get it its pretty simple. Its a very generous country. Not just in the nine seats when you support causes around the world. Will be interesting you saw some people insane that lori and raising a standard deduction in this new tax bill may possibly make people less generous. I dont think thats why people give to charity. It is something to appreciate. I actually have all of my charities on the list. The americans are the most charitable in the world. One third of all donations in the world. That kind of squash is what hes saying. He paid off his parents mortgage. This morning we talked about the Tampa Bay Buccaneers player who give it that. He did not go publicize it on twitter. It was the exact opposite. A couple days a week. They bought off his parents mortgage. And then we also heard about lonza ball of the lakers. But i am a 350,000dollar car. Maybe he did. Still ahead getting paid in bit coin. We are asking that question. A good morning. Im Cheryl Casone in for Maria Bartiromo. Today, it is wednesday, december 27th your top stories, 8 00 a. M. Eastern time, a bliefrn push to ring in new year President Trump planning to kick up 2018, laying groundwork for infrastructure overhaul, a goal that both parties can hopefully get behind we are going to look at a chance of Congress Working together, come january. The investigation into the investigators why are a growing call for a Second Special counsel. In connection between Robert Muellers team and hillary clinton. A prince and president sets down with former president obama for first interview since leaving office. Why the dangers the inte internet have different remnants just cocooned. And obama warning about dangers of social media and more coming up. A journey from lax, to lax. Live tweets 8hour flight to nowhere details after unauthorized passenger rerouted her plane while on the way to tokyo. Look at markets this morning, for wednesday, we were high earlier back dow 16 premarket nasdaq as well, in europe back open long Holiday Weekend the ftse only average higher, in asia overnight, markets mixed shanghai composite down nearly 1 , rest of the media averages there, higher. So this has been oil oi rally running out of gas, price climb to 60 dollars a bacterial on supply outages in libya dipped what can you expect from a market in 2018 going to discuss it. Then in space, no one can hear you complain, but a different story in movie theatres amc issuing a warning about a silent scene in the star wars sequel, and here to break it down this morning, party people right here. Just quit coffee on a hour ago. Third hour clean. James freeman rino tradeings partners michael block, you are here close to jessicas wrath of the i am for that maple syrup what is going object. So i am hungry. I appreciate you joining three hours with me this morning, we miss maria, we do have a big stop toir to talk about this hour, President Trump, set to ring in new year with an establish agenda a major infrastructure push next month the president tweeting from working vacation, in palm beach, yesterday said, all signs of that business is looking good for next year only to be helped further by tax cut bill a great year for companies, and jobs. Stock market poised for another year of success. Joining us now is a member of the house Judiciary Committee good friend congressman, of texas is here good morning. Great to be with you thank you. Big question, i mean you would think that infrastructure would be something that the democrats republicans could agree upon. About what do you think . Well we certainly we hope so but you got a smile out of me hearing, former president obama talk about a different reality. That this is a a laugh all in itself, but as far as tax bill, it is going to make a difference yall talked earlier, in the last hour about low rating, well that was a great gift to democrats have done for us when trying to come together, as republicans in the house and senate trying to get this tax bill done, great leadership from the president , we were not communicating as well with outside world, democrats were demagogueing the bill, and so i think one of the great helps, is the economy improves people see more money in the paycheck, going to have a better impression, of course, and going to do much better based on about the gift the democrats gave us, it is part of the secret to my success, the biggest part, and that is something called low expectations. If you got expectations, easy to exceed expectations, and to democrats have done that for us but it is going to make a difference in the economy, this year. The business are going to do better, and steve moore likes my description of the Corporate Tax it is it was the largest tariff any industrialized nations could own goods and services once loader i hope we stay at 15, ended up 21. But with that, we are going to be able to compete more in the World Markets than ever have, so it is going to be greet for the economy, going to be very good year democrats are going to end up, being sorry that they set such low expectations. The congressman i dont disagree with you on this point at the same time there is a lot of you things that are going to be on the agenda this year, infrastructure is one of them, trillion dollars, looking at, the issue of immigration building of border wall daca dealt with. Absolutely. Got to be done. All of that, you know some point, the democrats are going to put on the spending the tax bill 1. 4 trillion i think american k infrastructure this is a they are going to be concerned about more spending, because of conservativof defici against republicans in all this have. In 2006, when we are being be be liteled 160billiondollar shortfall over what we are spending they got majority the presidency, they took that 160 billion to 1. 6 trillion deficit, 1. 5 trillion, so their demagoguery may not be as profound as they would hope would it be you are so right weve got to do got to get the wall done got to get the security of the border totally secured, and then we can work something out daca anything like that before the border is totally secure, i think could end up being devastating to the president , because we lose the majority the first item of business a year from now the impeachment of donald trump for not doing anything wrong just losing the majority, this is going to be a very important year. I am glad you brought that up impeach him for what tweeting too much . Exactly right not done o he obama had plenty of reasons to impeach him, but trump does not other than bogus dossier. All of total set up then we get a picture behind the doj what was going on has been going on. Congressman. Biased, special counsel, you are going to comhooings this year that area. Congressman excuse me i am curious what president obama about should have been impeached for. Well there were [laughter] yes, well exactly. We found out about what he did hezabollah called back the efforts to enforce the law against hezabollah. It was doing great damage to the country. He made deals with other countries, that were out like iran, he sent them 100 billion dollars treaty never conif you remembered. How can you impeach for shutting down i read the politico piece everyone should reed pillow piece, tax cuts. He was violating his oath of office the iranian deal currented constitution upside down, he sent 100billiondollar, over to iran. Recently one of our troops that was killed by an id you know who makes most ieds in iraq killing our people iran, he sent money to the enemy, without the support without the confirmation of the iranian treat, it was a treaty we can go on and on if you want us to be topic i would be grad to spend a couple hours going on the things that he did that i think a lot going on. The west africans told me so committed when we elected our first black president that they had seen america get weaker and weaker, he went object an apology tour, blasting america, went did that through whole administration, and as west africans told us when you are weak we suffer, please stop getting weaker we are getting stronger again under President Trump. I want to ask a pep things crucial that are happening now, this moore investigation youve got special counsel, investigation, into the russian meddling 2016, us do muellers probe interfering at all with the agenda, i i mean you brought up the fact some democrats are looking at impeachment but i dont want to go there i want you to talk about the fact the probe could be interfering with agenda. No i dont see his probe affecting the agenda and moving food a forward i love when president nikki haley doing at u. N. In line with a bill i have bone following u. N. Voting accountability bill, if you dont vote for us, for more than half of the positions the votes in the u. N. , then we cut off all your funding any kind of help we would give you, as i have said for years you dont have to pay people to hate you they i will do it for free that is what President Trump nikki haley realized those things are not affected by mueller i hope the president will be doing what i encouraged him to do back in june, and that is appoint he can appoint himself this is where ag gets this is Authority Positive appoint special counsel he would appoint a special counsel to investigate mueller, he cant fire mueller people would scream saturday night massacre but there is so much im pro priorityy in investigation, the role setting up don, jr. , special permission to russian lobbyists to come in meet with don jr. , this is set up in addition to the dossier, these things are coming out mueller going to look worst for wear going to be exposed for the partisan that he has become. Are you going to call for that second investigation congressman . Yeah, ive been asking for it since june. Okay, all right. Absolutely. You brought nikki haley in quick because big news about that cut to the u. N. Budget that we may you have got legislation right now going to stop all funding, to u. N. Until Security Council resolution evolving israeli settlement is repealed what do you make of that well, there enemy to the u. S. Enemy to israel, these countries that are run by to totalitarian dictators are dictating to the small number of true democracies in the world. Dictating about human rights, where they dont observe them so we need to get things back in perspective and if u. N. Not going to be there it is time to move towards something that brings we use u. N. Maybe want to move them to brussels somewhere they dont do as much damage. But you know, in the meantime, we need to have an organization of really democratic governments that care about human rights further those instead of being antisemitic antiamerican. Congressman we are looking forward to you returning to washington, enjoy dallas the cowboys thank you very much. Congressman out of texas. Coming up, the flight to nowhere, the super model hilarious tweets took off from los angeles landed back in los angeles. 8 hours later. Amc posts a warning for star wars the last jedi the Company Advisory for the scifi film straight ahead. [vo] progress is an unstoppable force. The season of audi sales event is here. Audi will cover your first months lease payment on select models during the season of audi sales event. Sharing thoughts on social media. In interview with prince harry the deals what did he say. Reporter president obama was interviewed by prince harry for bbc radio, expressed concern about the risk of using social media. The dangers internet with people can have entirely different realities can be cook kooned cocooned. The recorded interview with released he was conducted in september. Tokyo bound flight forced to turn around four hours into its path a passenger happened to be on wrong plane, now this aircraft took off from lax, yesterday, and landed hours later back at lax. Because they did a uturn over pacific, model cristy tiegen husband onboard broke news to followers on social media twitter. Four hours into 11hour flight we are turning around because we have a passenger who isnt supposed to be on this plane why do we all got to go back . I do not know this one a few minutes later saying person had a united ticket we are on the board pass scanner a machine that makes noises that register to nowhere. Posted twitter saying the new flight is about to take off. Then this. Amc mshgz posting a warning after some customers complained about a silent in the movie please note the last jedi contains sequence at approximately one hour 52 minutes into the movie in which all sound stops for 10 full seconds i have seen the movie it is a great scene you will love it. Images continue to play on screen you will hear nothing. This is intentionally done by director for a creative effect, and says many star wars fans thought silence was a technical problem. Has been a tough year for amc Share Holders stoke stock down 57 . To the for you this is thank you, because i was actually still thinking about that study about president obama first interview since leaving office, but prince harry of britain, not a reporter but beyond that what do you think talking about social media and saying this is a danger to the country, it is a way spreading misinformation was on twitter, so was Michelle Obama while president. Goes all ways we live in a bubble you go into twitter cant tell who is real anymore or a bot, i read on show like this i cant tell anymore can walk from that or get involved in that if you want to reenforce your view he is right whether his view a view o posses him he is right. He says one of the doorngs of the internet people can have entirely different reacts could be cocooned, reo innovators turn the bloois obviously talk being President Trump. Higher leglevel problems aft deplorable comment was made during campaign turned into thing democrats talking down about trump voters, it was a class warfare we had different realities amongst economists won nobel prizes, you can get people on either side talking about statistics, i can make them work, for you no matter your position, participation wait or Unemployment Rate that is that is what is really that is not just social media we can have different remnants. Analyze differently i think what former president obama did that really degraded Public Discourse you look back at his speeches, he consistently basically was not accepting arguments against him in bad faith typically cast opponents as shields for corporations, or i know some kind of or, or that they didnt understand. Your completely right, afghanistan this interview looks kind of like the comment either if you disagreed with president obama, typically cast as too dumb to understand the issue or paid by some interests who oppose him if more subtle perhaps than i know to be rude at times people look at tweets i think this tune from former president obama was not helpful. Well i think the social media i disagree with the former president i think social media has a platform to talk about things, and you know gets everybody a voice in a way they never had before. You cant deny the Bad Information that circulating because of it i think this is a all right, coming up about electric big rigs what is next for tesla elon musk plans for a pickup truck that is coming up, plus not cutting a cord when it comes to cell phones the reason why later on. Another day of work. Why do you do it . Its not just a pay check, you actually like what you do. Even love it. And today, you can do things you never could before. Youre developing ai applications on the cloud. Finding insights hidden in decades of medical documents. And securing millions of iot sensors. So get back to it. And do the best work of your life. When it comes to travel, i sweat work othe details. Late checkout. Downalternative pillows. And of course, price. Tripadvisor helps you book a. Hotel without breaking a sweat. Because we now instantly. Search over 200 booking sites. To find you the lowest price. On the hotel you want. Dont sweat your booking. Tripadvisor. The latest reviews. The lowest prices. Cheryl we are just an hour away from opening of the trade futures pointing to a mixed open on wall street, so mike market on a o record reason i this year, and incredible year are, for the dow s p, nasdaq but curious what you are seeing for 2018 if still bullish. I could argue an incredible run since february last year. When we think back 2016 markets left for dead, there was turmoil Global Markets oil going down, every company kwoos oil company in United States going to go bankrupt a nice move consolidated, election happens rome when trump was first confirmed winner we traded down six showers then straight up since then. Maria bartiromo sat on folk channel said a market positive is absolutely right. She gave the call. We side would grind higher next year we have interesting phenomena where all the wall street analysts except me taking time of going to come back, and models raise estimates changing one number, 1 numbers higher a genius there you go, corporate earnings higher, i am skeptical when you look a near from now s p 500 should be higher than now. Phony dwyer said 15 a half jump s p next year 15 1 2 percent. I think in for volatility, s p 500 has not made a new high for a couple weeks here zailth i do think a pop, in new year when all analysts get back, january effect everything going higher we have to ask does lower tax rates mean Better Companies everyone loves bank stocks itch cautious on bank stocks this saying benefit mort in taxes deregulation i say nice hard to make money hard year Goldman Sachs had nothing do with overregulation tax rates. Doubledigit increase trying to get something out of you see . A level i dont know play that game i really i am very reflexive i say probably not double digits in realm of probability not a problem but, again, short term, piling in, thinking everything going to go exactly according to plan james with oil, we saw i will go over 60 yesterday, then sold back, i think what is interesting is that i to be the know what market i am in any more if you had a stronger dlal you had the opposite now, wow, what is happening, the he correlation between oil and dollar. Defies lodge in my opinion. Interesting year you look at opec, also russia others getting together to lift that price, you assume that they are going to lie and cheat, as often do, but that deal has been fairly effective then you also have in u. S. Investors in this down demanding more earnings from oil driverlellers that i long term when you look at fracking technology, Getting Better and better and better it is hard to see i think hard to be optimistic about Oil Prices Going up, given that it really amazing technological revolution it is a saudi anningel to all of this angle to all of this. More coming up do you have the movdz like jager rock star titles trending in unemployment market Stocking Stuffer cap why he west gave to Kim Kardashian coming up. Prices of the season on the only bed that adjusts on both sides to your ideal comfort your sleep number setting. And snoring . Does your bed do that . Its the lowest prices of the season on the queen c4 mattress with adjustable comfort on both sides. Now only 1199, save 400. Plus, 24 month financing available. Ends monday. Visit sleepnumber. Com for a store near you. Searching one topic. That will generate over 600 million results. And if youve been diagnosed with cancer, searching for answers like where to treat, can feel even more overwhelming. So start your search with a specialist at Cancer Treatment centers of america. Start with teams of Cancer Treatment experts under one roof. Start where specialists use advanced Genomic Testing to guide precision Cancer Treatment. That may lead to targeted therapies and more Treatment Options. Start where theres a commitment to analyzing the latest research and conducting clinical. Trialsto help each patient get the personalized cancer care they deserve. Start at one of the Cancer Treatment centers of america hospitals near you. The evolution of cancer care is here. Learn more at cancercenter. Com experts Appointments Available now. I am Cheryl Casone for Maria Bartiromo. This morning, it is wednesday, december 27 top stories 8 30 a. M. Eastern time. Markets looking mixed from opening bell futures dow legislator a point s p, nasdaq barely higher, in europe, back open after the long Holiday Weekend, as you can see the ftse gaining 18 points right now, in asia overnight, markets they were mixed shanghai composite down nearly 1 the rest of the averages to the upside. Banking on Bitcoin Companies letting employees strap paychex on to the cryptocurrency roller coaster. Jolt to the Auto Industry elon musk throwing down gauntlet promising a tesla truck going to compete with ford f150, athletic automaker expected to haul out ticket coming up, 401 ks kanye west put the sock in stocking suffer for Kim Kardashians present. No hangups when it comes to smshl norms young adults staying on parents plans. Office filled with ninjas byesards rock stars this is not a bad movie it is reality. Break down the list of strangest job titles taking over. Well you know, a rollercoaster ride for bitcoin now paycheck can get on it japanese Internet Firm among first to offer some employees a portion of the salary in bitcoin, bitcoin salaries paid according to the cryptocurrency agreed date and time, democratic strategist, some consulting here jason Real Estate Group managing director former trump welcome back. Would you as a millennial get paid in cryptocurrency . Would you take that bargain . I would much rarity imperfect light money on fire in front of me i dont think cryptocurrency is a safe bet for millennials, stick with standard currency ask for Something Else like Health Insurance something along those lines. Jason is this you would think millennials generation behind them would be more open to dealing in digital currency. I am with him i think that it is a raging hoax rather get paid in avocados, at least put it on breed on bread would i probably leave that firm if offering bitcoin. I snow what jessica thinks like no way. I hate agreeing with two conservatives, right i want to get paid in bitcoin . Something else interesting, that millennials are kurting the cord not tv cord, there is a study that Shows Millennials are staying on their family phone plans. Now this is not older generation 21 millennials say parents are picking up cell phone tab because they have no other financial options. Millennials staying on family phone plan. Some are saying cheaper we are getting money from kids some are saying, were not getting anything, just respondinging off us. To travel to this country to live in parliaments basement, popcorn have cell phone paid for i think enabling, a problem i think should not be done. This is a one of the criticisms. I think what jason said playing to steertype i own my own business my own home i am on parents o cell phone plan i pay them because i am grandfathered in unlimited data a better deal, than what i could get on my own, the same time millennials are not having their own cell phone plans because they cant afford it goes back to the issue what have we talked about earlier in the show, student debt delaying independence in lives, because we are crippled with debt another way to save is stay on parents cell phone plan. Struggling financially do you think . Is that because we did have, the Great Recession years of high unemployment, and millennial generation at the time struggling to find work. Coming into the workforce at that moment obviously not ee easy as you mentioned great compared to previous students less student debt not addressing it this moment taking it down the line, going to deal with it when paid more own their homes, you know maybe have a household they can tackle this kind of stuff i think that millennials in one sense doing very well, and another sense are looking forward to not a very Bright Future that we talk intimidate reform we are generation not having Social Security and medicare fopgs not smart reform i know will not come before my my parents, still pay my cell phone bill as well. About occasional my parents. Love you very clear. Are we missing the really breaking news, jesse called for entertainment reform i have been on this you agreed conservatives i think options for certain areas you need to make sure, that entitlements, should you get something out of it in the end i think with this we do need to be smart about it people care about the deficit i said same thing younger, never going to see a Social Security, it is still there, so i dont know we will have see if they people that usually talk about Social Security are those that like vote ask you about this job markets favorite topic, mick jagger not only person called a rock star so crazy happening, Companies Looking to recruit new employees making crazy job titles out to get people to come in, talented young folks like yourself put it that way job postings included the word rock star that has risen 19 last year a job title that your rock star just guru another one, genius another one, what do you make of all this . Is it the fact that companies are desperate or Younger Generation wants a new title that isnt marketing, you are going to be looking at job bored how exciting account executive boring title draws in potential applicant at the same time good conversation piece at the end of the day are you good at your job what are responsibilities of it that is what matters is it paying a decent wage call it, bagel maker all that matters, as long as you are able to be recognized for the job you do doing a good job i think i does that make anybody a guru in tech space i think ridiculous. I think goes into same bucket as everyone gets a trophy everyone is a rock star. Come on silly. Jason, i thought about that when i looked at study i thought wait a minute, like this is the generation where everybody gets a ribbon whether first place or last place oh, you are all winners a College Coach complaining about that, that like all kids coming into college saying, you know that they deserve to basically not do what you need to achieve and win, that seems i think the criticism of the millennial generation. I was reading a recess may applicant said last job was a rock star i wouldnt read past that, but most likely not applying in real estate would apply in industry that recognizes these positions. Kind of to have titles, i work at millennial publication, digital publication, and i take my title, kind of boring, research and Consumer Insight i think would be super fun to have titles like that running around i amz wants to be a chief story teller, not nell a title that shows up places as well it is an interesting way to see how people visionlize themselves, how company visualizes who looking to hire rap star i dont know how that could be anything else but actually rock star guru works different places. Cheerleader not on my professional, that would in over happen i want to ask one more thing interesting College Students have more basically pizza money the wall street journal found a increase in textbook prices, remember how much you went to bookstore college you had to take not college kids finding a better ways online, to get deals, on texting books sometimes hundreds of dollars, a difference between what you pay, here is a good spread this is perfect, 206 dollars in stores ebooks 64 dollars same economics book, for a student i think fascinating a good thing. Great, i think technology making consumer a better consumer i can get used books, get rent textbooks you can have more money as College Student to spend on more important things than textbooks if you look at chart i did before the program 1980 to now incredible how much textbooks increased over 800 , 1,000 dollars of a semester when in college, a tremendous amount of money, and the technology allowing for cheaper more affordable textbook. Good for college kids for parents that are footing the bill for college. You pay for cell phones. Also, hang close to five figures after 8 center of thes of college i did math before coming on. We were good students, read textbooks. Didnt want to pay for, but i think also professors are going out and recognizing that there is a on students for textbooks Financial Aid doesnt cover that access online free helps one professor did that hechz did he helps defray costs. Would subsidize photo copying everything in library pay for copying if you want hard copy, useful technology is actually i Love Technology especially for students for education, making it cheaper than 1,000 dollar to your point jason Sticker Price you got. Thank you very much, thanks for all homework. Thank you. Good job. A . All right coming up, elon musk vows to build a tesla pickup truck the release at a time we are telling you what it is next. Plus forget diamonds how about stocks . Kenya west unusual Christmas Gift to his wife Kim Kardashian this is a next. Elon musk says that pickup trucks are next on teslas vehicle lineup jerry willis on floor of the New York Stock Exchange with details, good morning. Good morning cheryl that is right, elon musk challenging the almighty fseries from ford, i think about it we found out he wrote in a tweet yesterday from elon musk, ceo tesla says i promise that we will make a pickup truck that is electric pickup truck after model y, court Design Engineering elements in niend almost five years dying to build it is what he wrote, now we heard about this project, before, but now we are hearing will follow modeled 3, actually will come out, pardon me model y, that version of crossover will will launch 2019 we have seen some with tez l. A. With tesla why focun passenger truck profits from cars 10,000 a cost of fully loaded truck through bottom line a quick story royal dutch barclays announced a charge to earnings because of tax reform both like tax reform but they have to take charge for a reduction in value of assets coming that will drive barclays earnings down negative on the year, we are watching those stocks very closely, down barclays flat, cant wait to see electric truck how about you . I yeah, actually interesting we are talking about president elect motorcycles earlier. Right, wow. We are throwing all kinds of ideas out this morning, maria is gone we just love it. Targeted admirer for tesla pickup truck is it like westport needs a pickup truck to pick up kale in whole foods how does that work. Pays people money. Adam there was unprecedented security in new york city times square new years eve, more security than last year. A lot more cheryl here is what is going on massive security this year times square nearly 7 now, Police Officers, blaifrjt times square some in a plain o clothes more than 60 sand trucks at strategic places following terror attacks in new york city since halloween, two Million People are expected to descend on crossroads of the world should be ready for record cold temperatures, and arctic blast expected to send mercury to bonechilling 15 degrees, once inside barricades you cant leave to go to the bathroom, not allowed, pleasant odors two mill people, fcc we have been there, fcc approved first twice that can wiresly charge Electronic Devices from midfield transmitter is claiming it can charge multiple devices, at once up to 15 feet from charging station works on phones, tablets keyboards earbuds as long as they are fitted with the right receiver and best of all it come patible. That walk up to show off technology 201 in january liz clayman will be there watch that kanye west surprised wife with stocks this christmas. Kim radar cashian received stock certificates netflix amazon, apple, adidas, and disney. She got 920 disney shares valued 100,000 dollars, and nearly 1,000. Kardashian did not real ohr stocks a gift we had not voted off islands. Following on twitter other people are, interesting gift, not romantic to give your wife stock. But a nice value. Well he gave her something that was worth money because she is in need social media post, think what is most important there. Giving you know my mom talking about getting one for our cousins a fun thing. Honestly. Mother said for cousins not i seemed like fun idea. First thought i read ken why he west story a tax thing. Is that cynical . You know hugely. Yeah. I think a nice portfolio. There is a tax story in it end of the year come on, all right coming up new year new you, how tweaking your coffee routine could impact your health this is a next. To Better Health americans consume 19. 5 pieces of sugar every day. This is a according to the National Center for health statistics, getting healthier can start with first cup of coffee not morning, this is going to be interesting for a bunch of coffee addicts Family Member doctor mikhail varshavski, dr. Mik you are saying should change the way we drink coffee. I mean we have seen research that has come out that shows, 3 to 4 couples of cafe can extended life do promising things correlation not becausation doesnt mean go being to recommend everyone drink coffee but if drinking dont flood with sugar that is the stuff that increases waistlines risk for heart attack and stroke, diabetes even cancer risk up with added shugz as much is a love funny commissioners starbucks unicorn lattes Pumpkin Spice you dont need that sugar to get benefits from coffee. What without Pumpkin Spice latte whipped cream on top. Not necessary make coffee tastes great without a ton of sugar number one my favorite thing to drink not morning if coffee, coffee with a teaspoon cinnamon zero carols, and cinnamon has host of benefits including some preliminary research showed a boost in metabolism. For coffee sugary substances protein poud collagen coconut oil sweet tasteing. People put in i am not huge putting oil into coffee that was interesting trend this year because, coconut oil saturated fat not scary for average person one with high risk for heart attack not greatest thing. A if you are talking about honey agave have insure same as regular sugar, the substitutes we dont have Amazing Research to say they are healthy if you divide between that adding sugar this is a probably the way to go. Severest than regular sugar i want to steady about study about fish said that basically, it is better for you than we thought, and based on i think chinese study, iqs of children ate more fish during the week higher because consumption it was proven do you believe that. This is what happened university of pennsylvania great study 500 Chinese School and i will children, they found that when they ate fish on regular basis, with families, they found that their iqs went up on certain scores veer cal ikwi specifically as well as quality of sleep. Because we know that omega3 fatty acids in fish play role if Brain Development we never had a way to quantitate why, explain why this is a happening now what what they did connected quality of sleep with improved ikwi feel that could be bridge, now. Sleep not the fish . Maybe. No, the fish helps the sleep, and sleep helps iq, a pattern. Benadryl helps sleepy, too. Different way, yes. Here is the thing, this isnt proven this isnt a becausation study not saying if you eat fish you will have higher iqscores they say those who eat fish tend to have better sleep higher iq we need a study progressive causation but good promise. A new basically a disease calling it gaming disorder adding to it International Classification of diseases what do you think about that gaming disorder excessive. I play video games not embarrassed to say a great stress reliever good brain exercise we found in people older, ward off illness like alzheimers disease they are losing job forensics unable to go to School Function proper this is a a disorder you can substitute anything can become addiction this is one that we are adding to icd, 11 coming out next year because we have an itdcode for everything if you slip did you slip on concrete or slip on grass or did you slip on wet floor, so this is just another one of those classics that we are throwing at doctors to put on. Label everybody i guess thank you very much putting cock nil oil on coffee after this show we are getting thoughts from allstar panel. 4 [vo] progress is an unstoppable force. The season of audi sales event is here. Audi will cover your first months lease payment on select models during the season of audi sales event. Whoooo. When it comes to travel, i sweat the details. Late checkout. Downalternative pillows. And of course, price. Tripadvisor helps you book a. Hotel without breaking a sweat. Because we now instantly. Search over 200 booking sites. To find you the lowest price. On the hotel you want. Dont sweat your booking. Tripadvisor. The latest reviews. The lowest prices. Got some final thoughts it is infrastructure wednesday jessica right your favorite day of the final thoughts. Salad can be more fattening discussing freshman year of college because i had salad bar a lot. Wement we want pictures. Infrastructure time for a bipartisan deal in washington, taxpayers beware but ought to be excited to see the competitive tax system. Gop on the clock lets see this all works out im rooting for us. Over to Charles Payne in for stuart varney. Thank you very much cheryl im charles in for stuart heres what were following for you this morning tax reform is done next priority for President Trump preparing country crumbling infrastructure and President Trump says he wants to spent one trillion dollars now heres the question, can he get the democrats and the republicans to Work Together on this onesome were all over that. Also positive economic sign wages up and unploim down and food stamp use aiming lowest level down nearly 5 in president s first year sphwiching gears greg coaches San Antonio Spurs asked about charitable gives he says reach people dont need all of their money and has choice words