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>> people are still mostly going to put their money on either three billboards and the shape of water. >> now the question is how will the academy awards address the surge in activism? >> you saw it there. the president. the press. a little bit of policy. >> a little bit. >> a lot of punch lines. good morning, everybody. we have all of it for you. i'm christi paul. >> i'm martin savidge in for victor blackwell. trump is back in washington this morning after joining the journalist he loves to hate for the annual gridiron last night. >> the president's remarks did touch on some of the major fore...

My hair is gray. my coat is tan. my pants are black. if you're not seeing these colors, there is nothing wrong with your tv set. you're just watching the steve martin special, a wild and crazy guy! >> by the time we get to the '70s, comedy started to get away from punch lines. steve martin was poking fun at the whole nature of comedy, taking the standard conventions and turning it on its ear. >> it's all right, i just lost my mind. >> steve martin had fun with making fun of taking yourself seriously and the schmoozy we're going to have some fun tonight. it seemed to mock what everyone else was...

At what they do is indispensable, and i couldn't ask for a better partner. ♪ now, ladies and gentlemen, here's johnny. >> there was only one real king of late night. >> we've got a real humdinger of a show tonight. >> johnny carson held court for 30 years. but when it came to politics, he chose punch lines over political attacks, razzing presidents like ronald reagan. >> did you see the picture of reagan riding his horse on the ranch with george bush riding behind with a pooper-scooper?

Arc's, mafia related people spend tens of millions in access of the value of true properties they bought from trump. why did they do that? because they're foolish and didn't understand what the real estate values were of the property, or was it connected to something involving putin? >> richard ben-veniste, we know you're very busy. we're always asking you to come on because your perspective is second to none. you've lived it and understand it so well. thank you. >> thank you. after the president's big speech. the punch lines followed. late night hosts and humor next. new year, new phones fo...

Maybe seven. throw on a sweater if it's cold in here. i know romanmanromans. >> hardy midwesterner. >> balance your 401(k). make sure that you have the right mix of risk for your age and for when you're going to retire. this is a perfect time to take stock in your life, in your relationships, and your money. >> great advice, christine. thank you. happy new year. >> you too. that was heavy. got to rethink everything. up next, the expanding role of late night tv. it's not just laughs anymore. punch lines gave way to big political punches. let's look ahead to late night in 2018 next. food taste...