U. N. Ambassador nikki haley issuing a new warning to the u. N. , announcing a major budget cut. Former u. N. Ambassador to the u. N. John bolton says taxpayers shouldnt fit the bill for the u. N. s ineffective bureaucracies. He will coin join us coming up. Border wall backlash. Theyre facing growing boycott from democratic cities across the country. California lawmakers pushing for Pension Funds to End Investments with these companies. How they are fighting back c apple today pulling back. There were concerns on heels of a report from taiwan economic daily, a report that basically said shipments for the iphone x will not be as many as expected. Some who were bullish hey, the shipments are going to continue into the spring. So dont slow down but in the meantime we did see apple get a little spooked. That was down 2 1 2 . All suppliers went along with it were also to the down side. Oil, 59. 76 right now. That got to the 60 a barrel mark. That is a big deal. We have not seen that in 2 1 2 years. With that there were some psychological issues crossing through there, there is was concern about supply, libya, pipeline that moved oil. Last but not least, bitcoin, everybody is talking about it over the holidays. I dont know in your home, folks, everybody is asking about bitcoin. Last week lost about 25 of the value. Very likely to be very volatile. Itc is exposed possibly to flash crashes. Weve seen it. See where it is. 15,820 is where bitcoin is. Of course it touched that 20,000 mark at start of beginning of the year at less than 1000. Be careful on that one. Back to you. Lea thank you, nicole. David Financial Firms are more optimistic about the new year. Wall street analysts are revising their Economic Growth estimates, higher after the tax reform signing. Goldman sachs raising outlook by. 3 of 2018, still under 3 to 2. 6 . Jpmorgan also raising its outlook by. 3 to 2. 1 for the year. Lets bring in todays panel. To react, Gary Kaltbaum from kaltbaum capital management. He is fox news contributor. Jason rotman from lido isle advisors. When you have three quarters of 3 growth, plus you present a Major Corporate tax cut, it looks like to predict less than 3 is low balling. What do you think . Plus you have Central Banks effectively at zero. Plus the Unemployment Rate is down. Plus the wealth effect is up. I think were going to be in the threes. be the debt and deficits that continue skyward, that one day the market wakes up, my Goodness Gracious but so far so good. Speaks for itself seeing on retail numbers heading into the end of the year. Happened at the first of the year, reagan tax cuts that didnt kick in until 1983, gdp growth averaging 4 1 2 , over one, two, three, four, five, six year period, 4 1 2 average. Exactly. Tax cuts are one thing. Corporate taxes loafer, lowe. The other factor that wasnt as much factor in the reagan years, the hundreds of billions of dollars that could come back from the repatriation. That could be buybacks reinvestment here in the usa so were seeing effects right now. Housing starts, retail sales, that are actually showing that something is working economically and there is not a lot of fear in the marketplace. Americans, i think there is going to be continued rally heading into the first quarter. Well see what the environment looks like then. David gary, i dont want to be pollyannaish, there is something you didnt foresee. Is there anything that worries you about 2018jez terms of growth . Well, there is a couple things, debt and deficits. 21 trillion in couple months. Were heading much higher than that also politically, you know if we have an indictment of consequence that could be news very big way and going forward. I got to till. Spending an economy, spending an economy is how people feel, how businesses feel and everybody i speak to feels a lot better than companies and corporations, i speak to, are loving life right now. Not just on the tax part but regulatory front. David great to love life. Jerry, jason, panel will be back with us. Lee. Lea. Lea etfs are up more than 8 last month. Fox newss anita vogel on the big win for retailers that isnt over yet, anita. If you spent more than Holiday Shopping planned this year, youre not alone. Fueled by High Consumer confidence and robust job market, shoppers gave retail sales a big boost. Rising 4. 9 , fromc november 1st, through Christmas Eve, the best numbers since 2011. Predictably ecommerce dr ve many gains, rising more than 18 years, and big sales are not over yet. Amazon has the digital day, like another buzz worthy day, to get discounts for people that are prime members. A lot of digital merchandise from books to camcorders. But there are also big gains among brick and mortar retailers this year, shoppers visiting stores at fast teft pace since the great depression. Shopping is definitely relaxes today. Im having a good time, despite the crowds, but shopping part is fun walk around, have a little fun. Once the storm is done at home, we come in here for a little relaxation. Week leading up to christmas, often makes up more than 20 of traffic through the season. Full weekend leading into the holiday, retailers say they last plenty of lastminute shoppers this year. There is hardly any parking available. People are everywhere, carrying bags. Theyre not just looking around. Big holiday numbers, come after a tough year for retailers that saw more than 50 bankruptcies, including wellknown brands likes pay lesc and toys r us. In los angeles, anita vogel, fox news. Lea anita vogel. Thank you. The panel is back now with us, tomorrow we get new Consumer Confidence numbers. Retail sales tell us the story. Were seeing low unemployment. Growing economy. Are you surprised by the retail numbers . Not at all. Higher spot prices and jobs are plentiful with wages starting to tick up equals feeling better about your spending and spending habits feed on itself, and youre seeing it across the board. Starting with online. Bricks and mortars. Strongest spots in the markets right now, are believe it or not gap stores and Companies Like that. It is speaking for us itself i think it continues into the first part of the year. Lea jason what is your assessment. Are people already seeing or spending money on expectation of more money in their wallet because of taxes next year . You know i wouldnt say the expectation i would say the expectation part is maybe 20, 30 . I think other 70, 80 is honestly what already happened. People have been able to for example, refinance their mortgages this year. Instead of paying 2000, theyre paying 1700, where doesc the extra 300 go, to Christmas Gifts or gap . Theyre spending it. As far as any concerns fierce, it will be Interest Rate issue, if Interest Rates stay relatively low, we have bang up year to the upside in the stock market. If we see inflation start to creep in and the new fed governor feels the need to raise rates a little more than the market expects, that is really what i want people to watch, what are Interest Rates going to do. Lea we will have to see. Thank you, gary and jason. Thank you. David there is strong reaction from the left over the passage of tax reform. Rosie odonnell telling paul ryan he is going straight to hell. Bernie sanders lashing out against the president in a twitter war as well. Have you heard what someone sent treasury secretary Steve Mnuchin . Oh, well, more on all this straight ahead. Lea u. N. Ambassador nikki haley issuing a new warning to the United Nations announcing a major cut to u. N. Funding. Former use ambassador to the u. N. John bolton praising the move saying u. S. Taxpayers shouldnt be on the hook. He will join us. David President Trump slamming the fbi secondincommand, Andrew Mccabe in series of tweets. Mccabe reportedly set to retire early next year. More on what that will mean for thec agency. Accusations of bias and the embattled russia investigation. It cant go fast enough. Anybody that has that much disrespect for the republican party, for the president of the United States, this goes way beyond just having a political opinion like everybody does. Cannot live without it. So if you cant live without 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. Lea President Trump at the winter white house. The commanderinchief out of the white house but still in the loop on wide variety of issues. Here from the white house blake burman. Reporter over the weekend the president took aim the fbi take be issue with the Deputy DirectorAndrew Mccabe n a couple of tweets the president said over the weekend quote, how can fbi Deputy Director, the man in charge and leaking james comey of phony Hillary Clinton investigation and including 33,000 illegally dee deletedc , be given 700,000 for wifes campaign by clinton pups during the investigation . Mccabes reported retirement reported by the Washington Post in upcoming months, potentially in march. Attorney general Jeff Sessions has instructed the department of justice to look into separate matter, that being the handling of project casandra. This is the program that tried to take aim at at the narcotics trafficking by hezbollah. According to a report in politico, agencies in the Obama Administration tried to stifle the investigation so it would not derail the administrations attempt to secure the iran nuclear deal. Sessions called this, quote a significant issue. Back to you. Lea blake burman, thank you. David here to react, brad blakeman, former senior staffer to president george w. Bush. Lets start with another trump tweet, if you dont mind, brad. He has been hot on the trail of what has happened to mr. Mccabe. He says, wow, dossier is bogus, referring to the trump dossier. Clinton campaign, dncfunded dossier. Fbi can not after all this time verify claims in dossier of russia trumpc collusion. Fbi tainted and they used this crooked hillary pile of garbage as the basis for going after the trump campaign. Now that is a mouthful, forgive me. At same time you have to mr. Mccabe himself according to fox news and some of our, some of our targets inside of that room listening to his testimony, he stood by the trump dossier. What is going on . I think president is right. There is something terribly wrong in the leadership of the fbi. The dossier is one part of it. How about the fbi agents, supervisory agent who has disparaging texts to his girlfriend about the president . The leaking of the dossier, the dumping down of clinton report to prevent her from being indicted. There are terrible, terrible things happening within the leadership, not the rankandfile. That is why i think youre seeing this supervisor leave. Because he knows he cant stand the heat by sticking around and he should have been gone long ago. David but standing by the dossier. Of course. He has no choice. David when was asked to corroborate what in the dossier was true, the only thing he came up with that carter page, trump worker in the campaign, went to moscow. Thats it. That is the only ing that he could corroborate. He has no choice. He has to stick to it. By the way he is not going to be held to account unless, when leaves the fbi he is hauled before congress again but he thinks by exiting he will free himself from any further controversy. He may be wrong. David also he was asked specifically if he knew anything about Hillary Clinton campaign paying for the trump dossier. He said no, even though there are documents that have his signature on it that verify that he knew that the Hillary Campaign had been paying for it. That is why there is something very troubling within the leadership of the fbi. Congress has duty, the Constitutional Authority to oversee the operations of the executive branch in this regard. David right. They should be doing it and they are. David in fact the House Intel Committee will be talking to bruce ohr, you might remember bruce ohrs wife worked for fusion gps which helped put together the trump dossier. Now we have word that the fbis general counsel, james baker, was the source for mother jones dave corn report, david corn was one of the first journalists to come without the trump dossier and he was getting it directly from the fbi. Isnt that something . You talk about convenient memories o o trying to rewrite reports. The fbi at the senior level has got some real problems. I think comey was up to his eyeballs in it. That is exactly why the president let him go. David i want to switch to sort of related subject which is project casandra, which blake burman was talking about at the white house. In fact, it does appear that there was evidence that the Obama Administration pulled Law Enforcement away from some very Interesting Research that they were doing on exactly how it was that hezbollah and iran were laundering money all around the world, in favor of terrorist organizations. That research was pulled back. The rug was pulled out from under the Law Enforcement agents by the Obama Administration because theyre worried about the iran deal. What is the follow through on that . Will we have new investigations on that . I think absolutely. This is something that Congress Also has to take up, and investigate. How is it possible that the president was so desperate to make a deal with iran, that their client, if you will, hezbollah, that of iran, the Funding Source of terrorism was basically given a free pass. This stinks from the top to the bottom. This is exactly why congress has to look into it. It should be bipartisan, people should be held to account. David will the fact that what happened withc project casandra is so troublesome, will that any effect on iran deal. That is still kind of in effect . Every six months or every 90 days, this deal will be looked at. It should be looked at with a finetooth comb. The president is right. It is not worth the paper it is written on. It allows iran to increase and develop its nonnuclear missiles and armament to terrorists nations that separate and apart from the iranian deal. The iranian deal should be canceled. I think the president is biding his time, getting evidence together. Sooner or later, they also will be held to account because this deal was not worth it. David right. The president was desperate. Apology and appeasement doesnt work whether in north korea, iran or with the russians. David you know, brad, the thing is, the same people put iran deal together are still in the state department. It is kind of like the deep state in terms of the fbi and the justice department. You have the same kind of thing that was going on in the state department. A lot of those bureaucrats are still around. I wonder if they would actively try to subvert the policies of donald trump . They better not. The president is in charge of the executive branch. That includes every Agency Within his direction. They should have a housecleaning. Not only in the state n the justicehe state department and every department that has gone rogue. Weve seen that happen under the Obama Administration and now youre seeing it as part of the resistance to President Trump. David wondering how difficult it is to get rid of these people. It is almost impossible to fire a bureaucrat. Can you at least move them away from powers of importance . Absolutely. I dont say its, i dont believe that its that hard to get rid of people. Let them take us to court. Sue us. Good luck. Well provide proper evidence to show they serve at pleasure of the president. He is in charge of the executive branch. David brad, happy new year to you. Thank you. David lea. Lea despite a majority of americans getting a tax cut. The left is blasting the gop. You wont believe what theyre saying this time. Nikki haley announcing major changes at United Nations, budget cuts, streamlining International Body in interests of of of the american taxpayer. John bolton joins us tonight. As far as nikki haley has done, it is terrific. About to send a message to the u. N. Which has become a place of hate when it comes to the United States and israel. c the United States will remember this day, it was singled out for the very act of exercising our right as a sovereign nation. Well remember it when we are called upon again to make the Worlds Largest contribution to the United Nations. We will remember when so many countries come calling on us as they so often do, to pay even more, and to use our influence for their benefit. Lea following through, u. N. Ambassador nikki haley announcing 285 million in cuts to the International Bodys 20182019 fiscal budget. Our next guest thinks that is thec right direction, wit