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Transcripts For FBC After The Bell 20171130

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David asman. He announced he was yes earlier melissa youre not doing anything . Go straight to Nicole Petallides on floor of new york stock exchange. Nicole what is the mood on the floor. Is it like 24k . Theyre dancing for the mccain rally, mcshane rally, whatever you want to call it. We broke through 24,000. The dow gained 331 points. We now have closed here well above that 24,000 mark. It has been quite a run. This is our fifth 1000 milestone of 2017, all on tax relief ideas and thinking that this is going through, and brings optimism it wall street. Take a look. We have 1000 points. What drove us to this point. Best performers since 23,000. That would be nike, walmart, cisco system, intel and 3m. Those are the best of the best. Names that came under pressure. Ge with a dividend cut and restructuring, that came under major pressure. That is down, merck, ibm were laggards. The night of the election we dropped over 800 points. We all reported on it. We were at 17,000 and change. We broke through 18,000 and then blew through, and now we have 24,000. And theyre already printing 25,000 because they can see that coming. Quickly look at some transports. This group in particular, airlines and truckers will do so much better with more favorable Corporate Tax rate. Take a look at southwest airlines, union pacific, fedex, j. B. Hunt. These names gained between two and 4 today. Record day. Back to you guys. Melissa nicole, thank you so much. Connell we knew we would have a president ial tweet or tweets to mark a day like this. Here is one. The dow just broke 24,000 for the first time tweeted president earlier, another alltime high. If the deeps had won the president ial election the market would be down 50 from these levels and Consumer Confidence also at alltime high would be low and glum. On the panel today, scott martin, kings views asset management, neither low or glum we believe. Kevin kelly, upbeat from benchmark. Scott, to you first, nicoles final point, interesting to see some rotation here when you see a bill looks like it will be law. You think how that might be applied to the transportation stocks and, just about everything did well today, particularly those tax, right . Shows signs of a healthy market in my opinion, connell. Techs had a great run for most of this year. Makes sense some of that money what is interesting, doesnt rotate out of equities into bonds, goes into other parts of the market, staples, transports. That is backing and filling to do. Your point about the tweet, i dont think the market down 50 . Lets say call it flat. Reality is this, talking to my liberal friends i know sounds like an oxymoron, stay with me. Melissa come on. Sold unfortunately in november. They sold in november. So i feel bad for them. Now they need to get back in join the rally like all of us. Sentiment, confidence, earnings are on record pace. I think that drives stocks higher in 2018. Connell is that true, kevin . Friends for political reasons, people sold their stocks . Yeah . Connell, they had a lot of doubts about the future of the economy, future of regulations, poll that. Was a way to hate, get out and cost them money. Connell a lot of money. Kevin, what about you on the rally . Anything that concerns you when you get to these lofty positions in stocks or like scott, do you see a healthy market . You know i will do the shimmy, shimmy. You didnt do iter earlier. Melissa come on. Do it for us right now. Connell he proved why. Melissa yeah, that is nice. That was good. A little shoulder roll. Melissa i like that. Because this rally is going to continue. Guess what is bestperforming sector today. It was financials predicated on tax reform getting through. They need it because they will reinvest in this economy. Think about it. They were hampered so much by obama era regulations and they performed well this year. Since november we talked about it paul krugman. This guy is going to fall. You grow the pie when you deregulate. Well grow the pie when we cut taxes. They have been hit the hardest here. Domestic story. To is fine. They get a lot of revenues from overseas, they will do well. But this rally will continue should we get tax reform done and financials lead us higher. Connell from higher Interest Rates the way they do their business, some of these banks, scott. I wonder if the market generally speaking will be able to with stand that once it cops . Is that maybe a trigger that something we concerned about in the future . Or something that we with stand whatever is thrown at us . That is beautily to me besides looking at kevin kellies today, you too, melissa, maybe you too, connell. The fact even if rates, connell, we get three or four rate hikes next year as powell alluded to a little bit couple days ago, yeah, not so many worries about inflation but staying on the path, that is still not bad. Interest rates what, low Single Digits . With respect to gdp growth, 3 plus percent, i dance like nobody is looking especially if theyre looking so happy about fed moving forward on rate hikes. Melissa nice. Connell only three of us make 330 point rally on market seem uncomfortable. Melissa youre still not dancing, connell. Gaining momentum on senate floor, gop debate is anticipating a floor vote could be hours away. Senator john hoeven, republican from north dakota, Senate Appropriations committee member. Thank you for joining us. You heard the market took off like a rocket when senator mccain said he was onboard, not because of that one single vote but the idea, my goodness if he is on board this thing is going to happen. Is that the right interpretation . Well i think so. Were on the bill, voting on amendments now. Im not sure if we will be able to finish up tonight or go into tomorrow. But our objective i think we achieve have it through the senate this week and go to conference. Melissa yeah. Do you think these are tax breaks would maybe take effect retroactive in 2017 . Do you see it in 2018 . There is a lot of hopeful people out there. What do you think . Not 2017. 2018. They will see it in with holding in 2018. It flows through their tax return for next year. Melissa what do you think about the different amendments that have been the trigger mechanisms where it seems like a lot of people or a lot of you are trying to buy insurance policies where if we dont see the kind of growth that a lot of people anticipate, there would be sort of a clawback of either the new tax levels or maybe you put in a trigger effect that cuts spending . Well see more growth than were projecting. Were combining regulatory relief with tax relief. Already youre seeing the economy respond to that regulatory relief. Well get more growth with tax reform. I frankly dont think we need triggers. I think you will see not only more than 1. 5 trillion, which assumes a 1. 9 growth, were already at three, okay . And youre going to see well more than that. Well actually get revenue to provide deficit reduction. Melissa yeah. I agree with you, what youre talking about there, dynamic accounting what you think is going to happen Going Forward based on the growth which i think a lot of our audience members probably agree with that idea. Those who dont want to see tax snapbacks in there or spending cuts. What about the idea if we did see that kind of growth you guys came back in a year and revisited lowered taxes more on individuals . There you go. Im not a fan of these triggers. So youre, that is automatic tax increase. I dont like that idea. Melissa no one likes that. Im working to make sure we get a bill passed. So im working with everybody. Why i dont feel the tricker is the way to go. Melissa would it be greedy for us to hope you would come back do it again, if this worked out well and economy grew and revenue went up because people were working more, getting paid more, they ended up paying more taxes because they were making more and the economy is growing . Is it greedy you would come back within this president S Administration and possibly lower taxes again on individuals . That is exactly what we should all hope that were able to do. This is about growing the economy, rising tide that lifts all boats. So people not only keep more of hardearned dollars is their wages and income go up, wage, benefits, economy grows, we have revenue to reduce the deficit like were talking about and actually reduce taxes more. Right on. Melissa we do hope for that, we should hope for that. What is likelihood that could happen, possibly . 50 . Give me a percentage that is possible . I really believe as were talking about the dynamism of our economy we combine tax relief and regulatory relief. I think we have a good chance for future tax cuts because of growth. Melissa okay, ill take it. Senator, thank you. Appreciate your time. Good to be with you. Melissa he didnt want thats okay. Thats okay. Said he is hopeful. I am desperate so ill take it. Connell a lot more people are hopeful today than they were a few days ago. That is quite a change. Keep a close eye on the senate floor as timetable progresses on senate floor. Bring you updates as they come in live from capitol hill. Melissa Minority Leader Nancy Pelosi making an aboutface calling for michigan congressman john conyers to resign after allegations of sexual misconduct. Conyers is now in the hospital suffering from stress. I bet. But his lawyers say there is no way pelosi will make him leave. Connell then cabinet shakeup . A lot of talk about it today. Reports saying Rex Tillerson may be on his way out at the state department. Who might take his place if thats true . The latest response on all that from the white house. I dont know where the stories are coming from. I dont try to spend most of my day figuring that out. I would rather focus on the points that i know and the points that were driving through the administration and the secretary of state is pretty tough guy. 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 i mwell, what are youe to take care odoing tomorrow 10am . Staff meeting. Noon . Eating. 3 45 . Uh, compliance training. 6 30 . Sams baseball practice. 8 30 . Tai chi. Yeah, so sounds relaxing. Alright, 9 53 . I usually make their lunches then, and i have a little vegan so wow, you are busy. Wouldnt it be great if you had investments that worked as hard as you do . Yeah. Introducing essential portfolios. The automated investing solution that lets you focus on your life. Melissa another day, another jampacked press briefing. Sarah Huckabee Sanders fielding questions over secretary of state Rex Tillersons possible departure from the trump administration. Lets go to blake burman who was in the briefing room. Blake, what can you tell us . Reporter melissa, it wasnt a raving endorsement i dont think you say but Rex Tillerson has not gone anywhere either to the other side of the equation. President trump earlier today was simply asked whether or not he wants tillerson to stay on as the nations top diplomat. Here is what he said. Do you want Rex Tillerson on the job, mr. President . He is here. He is here. Do you want him to stay in his job . Very much. Reporter president simply saying he is here. The wall street journal reported that john kelly, chief of staff said there is no plans to remove tillerson. However sources both inside and outside of the white house that tillerson is expected to leave foggy bottom in january. As for succession plan, two Different Things being laid out. One most likely option which would be mike pompeo, current cia director. He would step into tillersons role. And arkansas senator tom cotton would be moved into pompeos role. That is more likely. Less likely having u. N. Ambassador nikki haley replace tillerson with dina powell, top advisor for the nec would replace haley. Sarah sanders gave standard response for the administration, precarious response when she was asked whether or not the president has confidence in tillerson. When the president loses confidence in somebody they will no longer be here. As the president said, on the record, and several of you were in the room in the oval today, the secretary of state is here and were working hard to get big things accomplished and close out what already has been a very strong and positive year. Reporter already heard that with a few times with people that stayed in the administration and have left. By the way tillerson is expected to move on forward with his schedule. He will make several stops next week in europe. Melissa, back to you. Melissa blake, thank you. Connell here to he react what has become the story of the day, charlie hurt out of d. C. , Washington Times opinion editor, Fox News Contributor as well. I was thinking about this story, charlie, if someone said to the bosses at fox, how is connell doing, well, he is here. [laughter]. I might call my wife saying we might be in some trouble. That was not exactly a ringing endorsement. What do you make of all this . No, it was really not a ringing endorsement. You would definitely get out your resume and dust it off and update it. Weve been playing this game for six months now, eight months, since the first reports that tillerson was out the door. Tillerson was out the door. A lot of this is obsession that the media has with the palace intrigue, especially in this white house. And but there is no doubt, i do believe that when you listen to what the president said and what sarah said today, that they are thinking about some sort of a exit for him. He himself indicated that he wanted to stay for a year, not necessarily much longer than that. As in terms of the friction between the president and tillersons i think another thing a lot of people are forgetting to think about it right now, this guy came from the private sector. This is a guy who was able to call his own shots, get things done with alacrity. He is now in massive bureaucracy inside of a huge administration. Connell right. And so im sure there are some frictions there but there are also some other things at play that are less nefarious. Connell lets say stories and report something true, timeline is accurate, sometime early next year he does move out, what is the policy impact on that, in particular with the most important Foreign Policy topic that were all facing here which is north korea . Obviously doesnt seem as though the president and secretary necessarily see eyetoeye on that approach. What could change if anything . I really sort of doubt that much will change in terms of that just because the president is so personally involved in that. I think what we are seeing to the most degree is his policy, and also, a defense secretary jim mattis policies in terms of basically getting into a footing to combat what it is that north korea is doing right now, and so i sort of doubt there will be a whole lot of change in that policy, just because, obviously this is, this is an existential threat for some americans. Connell right. I want to hit you on another topic, when i introduced yous as Washington Times opinion editor. New york times opinion twitter page, you know where were going against this, lobbying defense the Senate Tax Plan and actually on twitter posted phone numbers of senators. Well bring the quote up here, the twitter, the tweet. Now is the time to contact senators if you havent done so already about the tax cut plan. Boy, this is generated quite the response the last couple days. What do you make of a newspaper . This is opinion side of a newspaper, so youre giving opinions but did this cross a line . Talk about having to dust off your resume . If i took over the Washington Times official twitter feed and began spouting my opinions in this sort of fashion, trying to gin up controversy, trying to gin up people to activism basically connell even the Washington Times, just to be clear, even Washington Times opinion twitter feed is what youre saying . Yeah it would be, it would be outrageous, but that said, i dont know that it comes as that much of a surprise because the New York Times over the course of this election and even after the election into the first year of the administration has shirked off any sense whatsoever that they are trying to be fair, that theyre trying to be honest here. They go after the most salacious stuff, over the transom. Report it alls fact. Reported the whole russian dossier as fact. So it is outrageous, appalling but it is also kind of not surprising to me anymore. Connell all right, charlie, thanks for being here as we mentioned. Being here half the battle today. Good stuff, charlie hurt. It is. Melissa kicking off the holiday season, two of our nations most iconic Christmas Trees are about to light up for the holidays plus more stories surfacing after matt lauer after nbc dropped the today show anchor. Matt lauer is a franchise player on its most lucrative property. This is huge bombshell with those of us in the News Business that know matt lauer. Im still kind of stunned. Retire until he was 68. The client realized, i need to get back into the markets i need to get back on track with my plan. The Financial Advisor was able to work with this client. Hes now on track to retire when hes 65. Having someone coach you through it is really the value of a Financial Advisor. . There are no words to express my sorrow and regret for the pain i have caused others by words and actions. To the people i have hurt, i am truly sorry. I regret my shame is now shared by the people i cherric dearly. Repairing the damage will take a lot of time and soulsearching and im committed to beginning that effort. It is now my fulltime job. Melissa that was part of the Statement Released by matt lauer after being released from his longtime spot as anchor of the today show on nbc. According to my next guest could mean financial troubles for the network. Here is joe flint, wall street Journal Media reporter. The today show very much the cash cow of the entire, you know, news organization, if not a huge part of the network, certainly the morning show. But there were a lot of other people on it, theres a lot of different hours to it. Everybody loves hodda and kathie lee, why do you think this is such a chunk out of their piggy bank . I think it could potentially be a big chunk out of the piggy bank. Depends how they handle, it how the audience responds to the today show in the 7 00 to 9 00 hour he has been a face in americas homes for the past 20 years and beloved face for many of the today show viewers. So obviously him leaving could have a negative effect on the ratings, in turn, the advertising. Morning show race is very competitive. Good morning america leads in viewers, nbc leads in the adult demographics of adults 1824. And cbs was creeping up itself from a distant third to respectable third and they lost their lead in charlie rose. Melissa interesting, matt lauer has been around a long time on the show, of course, and survived through a lot of female coanchors who have come and gone and the show has gone up and down through all of that. You think how popular katie couric was, Meredith Viera was very popular. The ugly thing with ann curry and matt lauers popularity and star took a beating during the ann curry thing. I dont know, do you really feel like as an entertainment reporter, did his star recover from all of that, or was nbc hanging onto him, maybe out of fear . They kept backing the money truck up to keep him on the show. Maybe that was never necessary and people in the morning were kind of sick of him. What do you think . Certainly matt lauers star did take a little beating with the ann curry situation, and to your larger question about nbc and fear stopping them from making a move. Most in the Television Industry are reluctant to make change. Melissa yeah. Perhaps we do put we do put too much stock or executives i should say, i dont have stock in this, executives put too much stock in the idea that someone is irreplaceable. Clearly no one is irreplaceable. There is. That matt lauer made an awful lot of money and eventually may replace him, whether its with hoda or someone else, economically speaking they could end up in a better place financially without the large salary to carry. Melissa they could end up without his salary and go with the people they have and save money that way. Hes been spotted in the hampton, we have photos from the daily mail. Hard to feel sorry for someone who is so incredibly wealthy as hes getting, he went out to his 33 million hamptons estate in the posh vehicle and the daily mail caught up to him. I wonder when you talk about people being replaced on morning shows, as an entertainment reporter, does this become a place where we see all female anchors . Well, i certainly dont think theres a reason not to. And maybe this is a good time whether its cbs or nbc where there are potential there to go in a different direction to consider it. Most of the morning show audience is made up of females. Thats who theyre catering to. Thats who the advertising dollars are spent on. So why not . Why stick to this, you know, tradition that may have outlived its usefulness or certainly is no longer a necessity. Melissa yeah, yeah, joe flint, thank you for your reporting, appreciate it. Connell . Connell north korea, the u. N. Ambassador nikki haley sent a serious warning to the north koreans, she says theyll be, quote, utterly destroyed there if war breaks out. Melissa plus the Senate Tax Bill debate continues after a big boost from john mccain, but what about the remaining senators on the fence . The latest from capitol hill next. Were on the cusp of a great victory for the country, going down the homestretch, headed towards the finish line late tonight or early tomorrow. At fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. Connell im not feeling that either. Melissa really . How is that possible . Connell the bruno mars thing i could have seen more. The dow up 331. No one is dancing except scott martin and kevin kelly. Melissa and myself, did you not dance. Connell serious journalism. Above 24,000, they made hats and everything, first time ever, only took 30 gains to gain 1,000 points, a very, very good day as we watch the tax reform effort in the senate. New records in the s p 500 and the russell as well. Melissa yes, closing in on the tax bill vote, President Trump could be on the first legislative victory as Senate Republicans prepare for the floor vote that could come as early as tonight. Adam shapiro on capitol hill with the latest. Adam, tell us exactly whats going to happen. Reporter if i could tell you that, id have a much more highpaying job. I would tell you whats about to happen, heres the deal. We could, very minute have a vote tonight, most likely tomorrow, but havent gotten guidance from Mitch Mcconnell who said perhaps later tonight or early tomorrow. Whats happened within the last hour is the joint committee on taxation requested a dynamic scoring on the tax bill, not with all of the pieces but as they had it, and it came within the 1. 5 trillion debt limit but adds a trillion dollars to the National Debt over ten years and could prove a problem with senators bob corker and senator flake, i reached out to them, no comment, because it still adds debt and doesnt grow the economy at the levels the administration is promising but still grows the economy. Heres where we stand right now. Have you john mccain who offered huge momentum to passing the bill today when he said quote, i believe this legislation, though far from perfect, would enhance american competitiveness, boost the economy, and provide long overdue tax relief for middleclass families. Where does this stand right now . The senate is busy on the floor of the senate, debating amendments back and forth. There was a kind of fisticuffs, because they dont do what they do in south korea and battle each other, but verbal fisticuffs, you might say. Senator brown and senator sullivan. Just watch from earlier today. Ive been coming down the floor, my relatively short time here talking about growth, growth, growth, growth, gdp growth, 1. 5 for the entire future is that what you believe . And if you dont, how do we get faster growth. Reclaim my time, of course i dont believe thats the new normal. Its the same old game they played before. If youre not for our tax plan, youre not for tax reform. Nobody believes that. Reporter melissa, connell, forgive me for fisticuffs, should i be doing this in old english. Were on watch, could be tonight, most likely tomorrow. Melissa thank you. Connell lonnie chen joins us, former marco rubio 2016 president ial Campaign Adviser and former romneyryan policy adviser back in the day as well. On this day, it was really john mccain who seemed to get this thing started, and you know melissa made the point earlier on, hey, if hes for it, i guess its going to pass, right . Yeah, thats absolutely right. You got to think about which republicans would stand in the way of major legislation. Now john mccain was a big question mark, i think the fact he came out and resolved that, very important for Mitch Mcconnell and for the president. There are few others like Susan Collins and Lisa Murkowski and bob corker who have expressed concerns for a variety of different reasons. I think that at the end of the day, this is such an important policy and political imperative that theyre going to vote for this things are the votes will be there and pass the senate by the end of the week. Connell i heard dont make the perfect enemy from the good argument a lot of people in washington for the last number of weeks leading up to this. What about as a policy measure . Doesnt seem like anybody is necessarily thrilled but the argument is better than what we have. Is that fair . Certainly better than what we have. Theres a couple things, first of all, reducing corporate rate will result in growth. Increase in wages down the road according to many economists and see simplification on the individual tax side, lower rates for businesses and individuals, and a lot of things in this bill i think that frankly illustrate how tough tax reform can be, and there are tough decisions that have to be made any time you are dealing with provisions in the tax code that people have gotten used to, its going create constituencies, i think senators are right to vote for it. Connell your point about the corporate rate coming down and 20 the target, boy, the wall street journal editorial page hammered him this morning for wanting or being willing to have the corporate rate come down to 22 rather than 21, i believe because he wants to raise the child tax credit, right . Doesnt necessarily show republicans agree on everything, and your personal opinion on that particular back and forth . Marco has been talking about creating a refundable child tax credit, that would go to people who dont have income tax liability, who pay through payroll taxes, and basic point is, its expensive to raise kids in america want and to do what we can to reward families and reward people who make the decision. At the end of the day republicans dont like it because they see it as more welfare. I think marco has the better political argument there, if youre going to lower the Corporate Tax rate, address the distributional concerns and the tax credit certainly helps to do that. Connell finally the political argument, that is your business, are you comfortable as a republican or those advising republicans in the midterms in 2018, are you comfortable running on this particular plan . Yeah, i am, because i think that there are a lot of benefits in here. I think youre looking at higher wages, faster growth, lower tax rates for many in the middle class. Doubling the standard deduction is helpful. 75 of the taxpayers take the standard deduction, thats going to go up significantly more after the tax bill. A lot of things that taxpayers are going to like. Connell looks like its on its way to passing. Thank you very much for coming on, melissa . Thank you. Melissa north korea trying to instill more fears of americans by releasing dozens of photos of the latest icbm, the Defense Department calling it the highest launch ever out of north korea showing the rogue regime can strike any part of the world. Ambassador Nikki Haley Says u. S. Is not seeking war with north korea, but this weeks icbm test unfortunately moves the country closer to it. Defense secretary jim mattis saying moments ago that diplomacy is still on the table. Connell yep, makes the tillerson story a big story as well. All of that speculation out there. Icons have to face consequences, right . Nancy pelosi used the word calling for john conyers to resign but the congressman is for now standing his ground. Next up, republican congressman diane black sounding off on the governments hush fund making sure your taxpayer dollars are not used to settle cases of sexual harassment. Its not up to nancy pelosi. Nancy pelosi did not elect the congressman, and she sure as hell wont be the one to tell the congressman to leave. Your new brotherinlaw. You like him. Hes one of those guys who always smells good. His 5 oclock shadow is always at 5 oclock. You like him. Your mom says hes done really well for himself. He has stocks and bonds your dad wants to go fishing with him. Your dad doesnt even like fishing. You like your brotherinlaw. But youd like him better if you made more money than he does. Dont get mad at your brotherinlaw. Get e trade. Melissa fighting words. A lawyer for embattled congressman john conyers saying his client sure as hell isnt going to be pressured into stepping down by house Minority Leader Nancy Pelosi. Representative pelosi recently calling conyers an icon seeming to have changed her heart a little bit. The allegations against congressman conyers, as we have learned more since sunday, are serious, disappointing and very credible. Its very sad. The brave women who came forward are owed justice. I pray for congressman conjers and his family and wish them well. However congressman conyers should resign. Melissa sort of her second bite at the apple. I dont know if it works second time around. Multiple democrats including most house leadership saying conyers should step down. Here now is representative diane black, congressman from tennessee and the House Budget Committee chairman. Thank you for joining us. You know, there is this debate going on right now. If you work for a company and your, you know, sort of proven to have done things that were not in line with the company policy, a company can fire you. If youre a congress person, though, the voters elected you are you the ones to fire you or you should step down . Whats your opinion . I believe representative conyers needs to step down immediately. When we find out when it has been exposed what he has done in the way that weve used public taxpayer dollars to settle this case. Its deplorable to me. I had no idea. So we must not be held we must be held accountable. We cant be higher than the public. We must be held accountable. Melissa it is shocking that he would use taxpayer dollars one way or the other in order to settle a problem, you know, that he created instead of paying for it himself, hes going to get all of us to do it and continue on his way. I know that you signed the congressional accountability act. Can you tell us about that . Sure, well first of all, i want to say what he did was despicable. But beyond that, to have taxpayer dollars being used is just beyond belief for me. So what this bill does is clearly places into law the fact that we cannot use taxpayer dollars to settle these cases, the sexual harassment. It goes further than that. It also says any of these cases that have been there previously, that they are made public. The public should know if this has been a case that occurred here and the Ethics Committee has informational, it should be made public, and were going to be sure that no more dollars are ever used to settle these kinds of cases as well. Melissa im amazed that you have to pass a law now that would say you cant use taxpayer dollars in order to silence and mitigate problems like these in the past. If somebody harassed somebody, im surprised it was legal to use taxpayer dollars to solve that problem. If they come out and expose whoever else these moneys have been paid for, what happened to those people . Whats the bar . Where do you decide that someone can stay and someone should go . This is the Ethics Committee that makes those decisions, and so those kinds of cases go to the Ethics Committee and i do have a lot of confidence in the leader of that committee right now, susan brooks is the former attorney general, and i have excuse me, i think she is a former u. S. General. But you know, she is great lady and i think she will do what needs to be done in these cases. I think that he ought to have enough shame of that he would step down without going through the process, given what information has been exposed at this point in time. Melissa probably people wondering, would you have the same condemnation if it was somebody on your own side of the aisle . Absolutely i would. It doesnt matter whether you are a democrat, republican, independent, male or female. This kind of activity cannot be accepted. It is totally unacceptable. Acceptable out in the private sector. We certainly are not above the law here, and i could be incensed if one of my colleagues was doing, this and i would expect they would step down, and we would call for their resignation to step down. Melissa what are your thoughts on the moments we are experiencing in our country right now . I will say it is not a very proud moment, and it is one where we once again will say that you can never be above the law. We have to treat each other with consideration and respectability, and im just really disappointed that what were seeing is people, very big names in the public and private sector, that think they can have behavior that is above the law and it is very, very disappointing. Melissa yeah, congressman, thank you for coming on. Appreciate your time. Thank you for having me. Connell in a moment, sothebys expecting latest car auction. This is interesting, to be record breaking. Not because steve jobs old car is for sale. Well show you, coming up, the most expensive car ever to be auctioned off. Melissa ooh. 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. Or a little internet machine . [ phone rings ] 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. Choose by the gig or unlimited. And ask how to get a 200 prepaid card when you buy any new samsung device with Xfinity Mobile. A new kind of network designed to save you money. Click, call or visit today. Connell so maybe you need to do a Little Christmas shopping for the car lover in your life. You need to dig very deep into your wallet. Sothebys hosting the most rare car auction in new york. We bring you there by way of gary who brings us details on the hot rods. Hey, gary. Love to see one of these under my tree and your favorite apple fan would love to see this car. 2000 bmw z 8 originally bought by steve jobs in 2000 when he was working on the magical little device called the ipod and may have been inspired to make the iphone because it came with a motorola track he reportedly did not like at all, could have been the inspiration for coming up with a better idea. The cars sell for 250,000. Because of the steve jobs connection, they are thinking this will go to closer to 300 or 400,000. One of the more Affordable Cars with 50 million worth of cars crossing the block on december 6th. Including classic cars like this one. 1952 jaguar ctype race car, which is expected to sell for nearly 7 million. It was raced by american racing legend phil hill, and several events, he drove it on the road as well. You could do that with cars like this. If you want to buy the car behind it, you need twice as much money at least. A 1959 ferrari 250 gt california spider wheel base with special aluminum body to be raced at races like lemans. This competed in the 24 hours of lemans and thinking it could sell between 14 and 17 million. If you think thats wild, the person who buys this probably will enter into a couple of historic races, i dont know if its a risky investment but might put it at risk if you buy it. Melissa wow not something you want to get into a fender bender with. 14 to 17 million. Thank you, gary, well done. Melissa that is so cool. Although that is one of the things when you see the art sell for a lot and you go i dont know. Connell remember 400 and something million. Melissa right, and supposed to be 150 million. All right, beginning to see the lights, Christmas Trees are lighting up across the country. And just moments from now, President Trump will participate in the National Christmas tree lighting. Its going to be huge maybe hell dance. I just finished months of chemo. But i dont want to talk about months. I want to talk about years. Treatments have gotten better, so. Im hoping for good years ahead. Thats thanks to Research Funded by the American Cancer Society. The same folks giving me free rides to treatments, insurance advice,and a place to stay during chemo. I need that stuff like you dont know. And now that you do, please give. Call 18004164357 today. Your contributions to the American Cancer Society fund valuable research but thats just the beginning. A cancer diagnosis can kick off years of challenge. And thats where your donation truly shines. You help us fund free rides to treatment. A live 24 7 help line, free lodging near treatment centers, and even efforts to expand access to insurance. So, please donate today at cancer. Org and help attack cancer from every angle. Melissa nice. Walking around the Christmas Tree. Officer ryan nash will light up the Christmas Tree. Officer nash is a hero. Lighting up National Christmas tree in a little while. A few minutes this year marks the ceremonys 95th anniversary which first took place during the Calvin Coolidge administration. Two Christmas Tree lighting. One here in new york across the street. Melissa look at how pretty at new york stock exchange. It is nice during the holidays. Melissa there they go. Pretty cool. Getting into the spirit. Into the festivity. I love it. Connell, thank you for joining me today. It was fun. Melissa here is risk and reward i will give you a bigger christmas present. You will say Merry Christmas again, okay . You will say Merry Christmas. [applause] you know, you go to the stores, and they have the red walls and they have the snow and they even have the sleigh and whole thing. They dont have Merry Christmas. They dont have Merry Christmas. I want them to say, Merry Christmas, everybody. Happy new year. Happy holidays, but i want Merry Christmas. Liz Merry Christmas to you, viewers. Looking at dual Christmas Tree lighting

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