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Away from 3 30,000 the s&p up 24.5%. the nasdaq closed to 30%. the year is not done. consumers not just saving the holiday season but potentially getting this sort of stuff possibly the president of the united states as well? in other words, is this the back drop that any sitting president would crave? including this one? wealth manager gibbs, john bussey, new york city councilman joe borelli. what do you think, erin, this is a pretty nice back drop. >> yes. actually it's more about the economic back drop that can frequently have an influence on the impeachment processes as we saw with nixon a...

Others. >> congressman hoyer, thank you for joining me. moments from now the sentencing hearing if convicted felony and former campaign chairman paul manafort is getting started. he faces up to 24.5 years in prison on tax and bank fraud charges, but first singer r kelly back in jail this time over unpaid child support. he was back in court yesterday. over $161,000 of allegedly unpaid child support dues. he is being held in a cook county illinois jail. he will be released once he pays the amount owed. you're watching msnbc. owed. you're watching msnbc. cancer...epilepsy...

How much time do you think manafort might end up serving? i mean, you know, beyond any question of a pardon, just in terms of sentencing? it's very likely he could spend the rest of his life in jail. in prison. >> the reason for that, he's 69 years old. he turned 70 in april. look, the prosecutors, as a lot of people have described with respect to -- remember, he has two cases. he refused to waive the venue requirement that the government is supposed to meet. so he had a case in virginia and a case in the district of columbia. with respect to the other case we talked about a couple of weeks ag...

Respect to -- remember, he has two cases. he refused to waive the venue requirement that the government is supposed to meet. so he had a case in virginia and a case in the district of columbia. with respect to the other case we talked about a couple of weeks ago, the sentencing guidelines, as determined by the probation department with respect to his report that happens in every case when anybody is facing sentencing in the federal system, said that the guidelines range is 19.5 to 24.5 years. that's on the one case. on this other case that we're talking about tonight, he can face additional ti...

Sentence in the other case so the second case wouldn't dramatically increase his exposure. but one of the counts on which he's going to be sentenced in the case we're talking about tonight, the d.c. case, was a conspiracy to obstruct justice in connection with witness tampering. that will likely be on top of whatever he gets in the other case. and in the other case, although the sentencing guidelines call for 19.5 to a 24.5-year sentence, i don't think that that will happen. i think that that seems excessive. and it's largely driven by the dollar value of the tax evasion that we're talking abo...