♪ neil: all right. i leave with you a dow up about 97 points. white house briefing minutes away. we'll get latest on all of that and the administration and push for tax cuts, et al. trish regan to take you through all of that. trish: thanks so much, neil. breaking everyone. we learned fed chair janet yellen submitted her resting ignition. she will be stepping down -- resignation. i'm trish regan. welcome to "the intelligence report." we have breaking news janet yellen submitted her resignation. we have steve forbes and blake burman has more on this breaking news development. reporter: trish, here is what i can tell you. janet yellen sent her letter of resignation to president trump earlier today. announcing resignation going forward from the federal reserve board of governors. that will take place etiff upon swearing in of her successor, that being jerome powell. this is one-page letter. let me quote to you what some of

yellen wrote to the president. i quote. as i prepare to leave the board i'm gratified the financial system is much stronger than decade ago, better able to with stand future bouts of instability and continue to support the economic as parises of american families and businesses. she went on to thank those for her times at fed and to say that she has faith in jay powell going forward. this at the white house gives president trump even more latitude to potentially shape the federal reserve board of governors going forward. he still needs to name a vice-chair and three fed board governors. it was an interesting relationship, trish between president trump and janet yellen. back to the campaign he said she should be a shamed of herself. she essentially was a political arm of president obama and then candidate hillary clinton of the as the process ended up playing out. as these two ended up sitting down meeting with each other, i'm told that is when their relationship sorted changed a little bit. the president was highly

complimentary of yellen in the final weeks, maybe couple months as he was trying to narrow down the fed chair pick eventually went to jay powell. that he respected janet yellen and he liked her and as we know that went to jay powell. janet yellen's 10 you're with the federal reserve. one page resignation letter sent here to the white house earlier today, trish. trish: the market kind of saw this one coming. at least so far not a huge reaction among investors that the dow still up considerably. joining me with reaction, chairman, editor-in-chief of forbes media, steve forbes and moody's chief economist john lonski. steve, what do you think her legacy will be for the fed? >> more of a seat warmer. she didn't change the policies substantially of bernanke. had some tweaks on it. no big push. no big push to reduce the bloated portfolio. no big push to get the get

credit markets. no deregulation of banks which hurt bank lending. she will go out with a shower of praise but i think the record is pretty spotty. trish: if you go back in the history books, 30 years from now, and you look back, will she get blamed for a few things there or all bernanke? >> mostly bernanke. trish: okay. >> but she didn't undo bernanke. trish: john lonski, going into jerome powell, are things going to change much? is this more of the status quo? >> i doubt if we'll notice much of a difference right away. i think a difference as far as regulation of banks is concerned. the fed will take a, you know, a more liberal approach towards regulation as far as banking goes. but monetary policy, interest rate policy, the same. follow through with their scheduled reduction as far as fed's holdings of treasury and agency-backed securities go.

trish: you know, it feels like the fed has been only game in town, right? for the last sort of decade, right, steve? to bernanke's credit, i know you're not entirely a fan of what he did, but at the time it really felt scary enough you needed someone there to backstop some of this but at some point you're pushing on a string. >> but there are two points. one is the crisis of 2008. the fed is supposed to be taking action, lender of last resort of the sort. he did that, the way he should. but after that where you can really criticize him. his programs, continuous quantitative easing they call it, which ended up wrecking, not wrecking gumming up the credit markets, hurting lending to small and new businesses and hurting bank lending. trish: you think that is going to change, john? to get rid of all these regulations it will be different? >> i think following the crisis

bernanke and yellen perhaps did the right thing. we've had a vibrant corporate debt market. debt refinancing going on. that brought on balance of credit. steve may be right, what forgotten, small business, and heavy regulations placed on smaller banks and dried up small businesses and hurt job creation and hurt creation of job opportunities for flue entrants into the labor force. look at i believe quit market if we have -- if we have inflation it is not with consumer products but equities. trish: you can go back to bernanke to blame that strategy as well as janet yellen. at some point the markets have to be based on something, right? you're trading pretty high multiples right now, steve. is that dependent on tax reform? people think or corporate earnings are going up because tax reform will go through and that justifies the multiple we're seeing in the s&p?

>> first of all companies got their act together after 2008. most of them did. ge is an exception. but most of them got their act together in very fine fashion. europeans began to get their act together. so they had some real earnings, especially in recent times but the key thing is, companies are dependent on getting a tax bill through. if you don't get a 20% corporate tax rate, you don't get the good pass-through piece, you see very disappointed market. if it goes much above 20 or delay it -- trish: you have been critical of this whole tax plan. >> other -- trish: i know you want a flat tax. >> other than the, other than the doing the corporate side, they have made it needlessly complicated by worshiping projections which are not worth even paper they're printed on from the congressional budget office. you learn more about the future from your daily who are.

horoscope. than the cbo. they're telling individual investors, one version if you sell a talk you take lowest basis price instead high. nitpicking crazy stuff like that. trish: yet they never bothered to even touch what the president campaigned on, and that was raising taxes for private equity investors to treat their income as income. do we have the sound? we can play that from the campaign trail. here we go. >> the reasons hedge fund managers are donating to hillary clinton's campaign and not to mine. everybody getting rich off the rigged system, and who want nothing to change and nothing, they don't want anything to change. they want to keep it the way it is. are throwing their money at hillary clinton. we will eliminate the carried interest deduction, well-known deduction and other special interest loopholes, that have been so good for wall street

investors and for people like me, but unfair to american workers. the hedge fund guys won't like me as much as they like me now. i know them all but they will pay more. trish: guess what? they will not pay anymore. guess what? they must like him right now because they got a nice little christmas gift. john lonski, private equity investors still get to call their income investment so the fat cats on wall street, they get out unscathed while actually high earners are going to be really having to, you know, foot the bill. >> you're taking a risk with the current tax reform proposal. the administration, strongly believes that the corporate income tax cuts are going to create more in terms of jobs. they will create a faster rate of growth for wage and salary income. if it turns out, that we don't see a discernible increase in jobs, wages and salaries following tax reform, i think

the republicans have some major headaches come the 2018 congressional elections. trish: you know what they will say? this was one big giant corporate giveaway. a giveaway to fat cats on wall street and it didn't do anything for the average person out there in america. and by the way, they might have a point, steve forbes. >> well, what they have done, by making it needlessly complicated is that there are millions of people who won't get a real tax cut. one of the things they should have done, even though it doesn't do much to boost the economy, but it is great politics what they did several years ago. and that is, take off the first two or three points of your social security tax. even if you don't pay income tax, which 45% of american workers don't, you will still get a pay raise. that is it what they should have done. talk about capital gains, why didn't they reduce the capital gains tax. every time from experience you do it, you get more revenue immediately, but it induces more

investment which is what we need. trish: capital gains is capital gains. private he equity investors didt put the money in the work place, they're getting benefit but regular old folks paying capital gains. market is on fire, up 93. totally unaffected of news of janet yellen retiring. i guess that is a quote of confidence for jerome powell. goldman sachs raising outlook for 2018. they say the labor market will improve and provide a major boost of overall economy. president out early this morning tweeting, giving our own stuart varney a nice little shoutout. here we go. under president trump the unemployment rate will drop 4%. analysts predict economic boom for 2014. you can see at varneyco. steve forbes, john lonski, is

some of these right, goldman sachs right, we'll see this amount of growth? >> john. >> right now, i think they're on target. it will hold true. we'll see continued growth by profits, as long as interest rates, don't get ahead of themselves, it will be a decent year for equities. we should be able to avoid deep extended selloff for stocks. on corporate front we're doing bert. we think the default rate will decline by another percentage point in 2018. that is a positive for the entire corporate bond market, including the junk bond market come under a bit of pressure as of late. >> what do you think? >> goldman, while they're predict great things in 2018, their growth rate is below 3%. they raised it up a little bit, their projections. the economy is kind of stuck in the mud. i should say going slow, 30, 40 miles an hour. trish: you think it will be do better than 3%?

>> if they get a good tax bill, we can always wish santa claus may come. trish: you don't like this one bit, do you? there is a lot of problems in this. they had -- >> 20% will be good. getting that through. that will be good. but they junked it up with so much stuff. they didn't give individuals the tax cut they should have had. trish: junked up with other stuff, case in point, optics of this thing don't look good, private equity stuff. they gave a real estate depreciation advanced schedule. if you're commercial real estate investor -- >> you drink beer. you drink beer, you will get a break. they gave beer makers a break for two years. trish: why are they picking winners and losers, steve? >> it is ridiculous. what do they have against orphans? they are taking tax credit for adoptionses. what do they have against students? taking interest on student loans? what about the elderly medical

expenses. instead of reagan, kennedy, across the board tax cut, everyone get as benefit. if they don't, do social security thing, every worker get as pay cut, tax cut pay raise. trish: john lonski, is this swamp at its best. they're trying. i do give them credit where credit is due. i like money back here in the united states of america working for other economies overseas. so that repatriation is good. lower corporate taxes is good. but we see a lot not good. >> should have done more for consumer, middle class america. didn't quite happen. the big problem is, we're burdened by a a record high ratio of government debt given to gdp given where we are in the business cycle. we've had economic recovery, eight or nine years old, now. we find government debt is 77% of gdp. in the past it would be 35% of gdp. so in a way we're still boggled

down by this hangover from the obama administration where they took on that $900 billion worth of debt to help us get out of the great recession. that very much limits our option with fiscal stimulus, especially tax cuts today. trish: let me go back to "salt" as well. this is, steve lives in new jersey. i live in new york. john you live in new york. and you know, it is not just new york and new jersey but many, many states of course which benefit, individuals benefit by being able to deduct the state and local taxes. 100%, 1000 percent in principle i hated idea of it, i don't like bill de blasio being subsidized by the likes of my home state of new hampshire or florida, or anywhere else but i question the immediate effect. it will take five years to catch up with bill de blasio but it will hit the people in new york right away, steve. not being able to deduct state and local taxes, what will that

do to the immediate economic picture? >> makes it murky in those states. new jersey may think twice ben acting what they call a millionaires tax, putting their sky-high tax rates even higher. they have a crazy new governor coming in, what the republicans should have done with optics, saying this will go away in 12 months, 18 months, 24 months. states you have one or two years to get their act together. trish: that would give people a chance to vote the lawmakers out. >> exactly. you have issue in the state gubernatorial races and legislative races if we don't cut. as usual republicans behave like a stupid party. trish: they need to watch this show and watch you, that is very good idea. that is exactly what they should have done. there is it still time, right, john? >> there is. one of the problems with the tax reform law for the states, it will suppress housing activity. it will make it less attractive to purchase a home especially a more expensive home.

and we already have signs of a slowdown in the new york city housing market. trish: but don't forget, it is going to benefit commercial real estate investors. not good optics. you're right. steve, john. we're expecting to hear from the white house everyone in short time. sarah huckabee sanders will be speaking there. is the podium. big focus right now, every day is tax reform. some are wondering if it is mean bad things for individual. we were talking about that. so then the question becomes, should they just get rid of the individual side and call it what it is, right? this is a corporate tax cut? then work on the individual stuff separately? get the corporate one through first or is that political suicide? plus hillary clinton is still questioning the legitimacy of president trump's victory. she just can't let it go. calling on an independent commission to quote, get to the bottom of what happened. uh-huh. mrs. clinton, i hate to tell you, we all know what happened. he won.

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trish: hopeful republican lawmakers will deliver on tax reform there year, but here is reality. take a look at the calendar, everyone.

congress is off this week. they have only 12 joint working days left. a handful of republican senators are on the fence on this whole thing. can we get it done? do we want to get it done? happen adam shapiro with more. reporter: it can get done but it will take swift maneuvering on part of senate and mitch mcconnell. mick mulvaney, omb director, is said that the administration would be open if necessary to not repealing the individual mandate from obamacare, if that was necessary to get the senate to vote for the tax reform bill. so where do we assistant right now? here is what president trump, he was addressing his cabinet earlier today, he talked about getting this through the senate now so that the conference committee with the house can take place. here is what he said. >> with the democrats giving us no votes for tax cuts for purely political reasons, obstructionists, it will be up to the republicans to come through for america. i think they will. i hope they will. it is up to the senate. reporter: now, there was a bit

of an exchange last night between the president and senator jeff flake. the president tweeting last night, senator jeff flake-y, unelectable in the great state of arizona, quit race, anemic polls, caught purposely, on mic take saying bad things about her favorite president. he will be a no on tax cuts because his political career anyway is toast. jeff flake's spokesperson said, no, jeff flake will vote for or against tax reform regardless what he thinks of the president. jeff flake has not committed to a vote either way, nor has by the way susan collins, from maine is expected to be a no vote, but she is lobbying right now to get the corporate tax rate raised to 22% so they can restore some of the "salt" deductions, state and local tax deductions. five senators are essentially on the fence, not saying where they

stand on this that is jockeying for position. they will get a vote in the senate when they get back from thanksgiving, trish? trish: adam, thank you very much. joining me the author of "the upside of inequality," such a great title. heed connor. good to see you. are you optimistic or not optimistic about the ability to get this done? >> i'm optimistic they get tax reform. will they get it by ind. year? probably nod. senate tends to be more moderate body, elected from a bigger group in the state. trish: more time. you're not like coming up on the clock having to run again. >> yes. i think they have to do a lot of negotiation with the senate. trish: what do you think the big problems are in the senate? >> i think running up the deficit to 1.5 trillion will be a problem with some of the senators. trish: fiscal hawks. >> if they move to try to reduce the health care mandate is a way to close the gap, that, likely

to do, raise pass-through rate a little bit, things like that, to reduce the deficit enough to sapphire the deficit. hawks which have a very strong position, we have, as the last guest pointed out, 75% of gdp up from 33%. we need to be thoughtful about that. trish: one investor i spoke to over the weekend was very concerned, his -- from an area with higher income tax state was that individuals, high-earning individuals would be effectively subsidizing a corporate tax rate. look, we have $20 trillion worth of debt. we can't really handle this of the so i guess i would ask you, ed, should we be thinking about differently? senator collins is talking about maybe 24% or 22%. what if you had a slightly higher corporate tax rate but you were able to, at least have some ability to pay this off and to pay our ballooning deficit? >> i would say two things. one, the rest of the world is

moving to a very low tax rate. ireland is already 12 1/2. a lot of u.s. intellectual property is already over there. i think, you know, companies that are paying 12 to 15, they're barely paying 20, much less 25 or 22. that is difficult. i think if you look at conservative economists expectations for growth as a result of a tax cut, almost all of it comes from the corporate tax cut. that is where the biggest cut is. trish: right. >> when you think about individuals, takes a long time to adjust to the tax rates. you will not quit your job to become entrepreneurial but a corporation can set the rate. money moves overseas into real estate. it moves out of the corporate sector. trish: i like that you're saying corporate stuff makes sense. let mow ask you, why not just do the corporate now, say okay, we'll figure this individual side out? we'll take a little time. get that jump-start in activity, coming back to budget issues again? >> i think a couple of things. one it is hard to sell a corporate tax cut because

everyone thinks the fat cats are getting it. they don't see that more investment, more jobs, high every wages. gradually over time it will not happen quickly. in order to sell that you need some middle class tax cut. as long as you have government spending high you have to collect taxes from somebody. trish: here is the problem they have done. for all those democrats and leftists out there, oh, we don't like this, it is basically helping the rich, they're wrong. because high earners are actually going to be paying more in most places under this plan. they will not deduct as much as they do right now, for example, on property taxes or as much of a mortgage, et cetera, et cetera. yes, there is a little middle income tax here. i love this graphic. look what producing team just put up. this is terrific. top 10% pays 71% of all the federal income taxes. here is the reality of the situation. if you want to cut taxes on individual side, we're giving middle middle class tax cut that

is bunch of, it is ethereal, it is not real. you will not have any effect on economy by giving people extra thousand bucks a year. >> you're making a small cut on middle class. in order to market this, sell it, help with the optics. i think you are increasing personal income taxes on highest tax earners by taking away state and local tax deductions there. is no free lunch. somebody has to pay for it somehow, someplace. so i think they have, if they want to be serious about it, think through the calculus who are they going to raise taxes on a little bit, who will they cut taxes a little bit and -- trish: we have so much that we owe. >> somebody has to pay for the spending. there is no getting around that. there is no free lunch. i think in the case of the corporate tax cut, that's the piece that's expected to grow the economy the most. trish: okay. leave it to individuals to pay. >> ultimately individuals do

pay. trish: go back, i sound like one of those hawks but, stop spending. stop spending! >> absolutely. trish: these ridiculous entitlement programs we can not afford because it is just, it is suicide for the nation to continue down that path of spending more than it needs. >> i agree with you 100% but i think the practical reality we have never been able to cut spending and we're never going to cut spending. we have to grow the economy. in part i argue through ultrahigh-skilled immigration, but through logical tax policy we have to grow the economy as much as we can. we will not take the benefits away from retiring baby boomers. they will not let us do it. trish: we can say if you're graduating college right now and you're 22 years old, you will not get the social security check when you retire. nothing from the baby boomers, but there is another generation. we have to be realistic in terms of what we're promising them. ed conard, thank you, good stuff

as always. hillary clinton, everyone, still questioning the legitimacy of president trump's victory. she can't get over this one. this is ton of hypocrisy. don't forget what she said before the election? remember her talking about, if trump didn't accept the results, then it would be entire threat to democracy? what is she doing right now? we'll get intel next. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade.

trish: blaming everyone up our herself for the 2016 loss. now saying an independent commission should investigate the results, listen. >> i think there are lots of questions about its legitimacy and, we don't have a method for contesting that, and in our system. and that is why i long advocated for an independent commission to get to the bottom of what would happen.

trish: she tweeted out before election day and said donald trump could potentially threaten democracy if he refused to honor and respect the results of an election. she said, and i quote, by doing that, he is threatening our democracy. donald trump, refused to say that he would respect the results of this election. by threatening this he is threatening our democracy. oh, my goodness, she is doing exactly that. she is questioning the results. isn't that a threat to our democracy? democratic strategist, michael star hopkins, foundation of liberty and american gradeness, nick adams. author of retaking america, crushing political correctness. how is this for hypocrisy, nick? >> it is unbelievable, trish. it is incredible. hillary clinton is out there being a sore loser, a sour

grapes sufferer. the reality president trump won the election fair and square. it was a political victory that came off the back of regular, every day, hard-working people, sick and tired of political correctness. sick and tired of the 57 new different genders, people not knowing what bathroom to go to. high schools changing their name, all of those things contributing to it, while everyday people were worried about their jobs and worried about their livelihoods. trish: michael, very hypocritical of her to talk like this, she was -- it is okay, if the tables are turned. i guess this, many people's problems with many of those on the left right now, as nick was just explaining that, as long as you subscribe to their their defend today, everything is fine and dare it be turned not in their favor, suddenly they're

fine to switch the tables. they're find to say if this is illegitimate donald trump is president of the united states. >> i think all three of us know that is pretty intellectually dishonest argument. what hillary clinton was saying, prior to the election donald trump questioned the legitimacy of an election that hadn't even occurred yet. after the election, the intelligence community came out every single intelligence community said that russia interfered in our election. we all agreed russia agreed in our election. trish: michael, michael -- news alert. every enemy of the united states has always tried to do whatever they could to influence our thinking, right? >> tried. tried. trish: has been here for years and years and years. they were never called out by the obama administration? mine while hillary clinton was the one out there collecting $146 million for her foundation

from russia. >> conflating two different things. trish: no i'm not. is that russia was once at one time, perceived as an enemy until barack obama and hillary clinton came in and suddenly, russia was our friend and everything was good. maybe that was because of the 146 million. >> my gosh, true. come on. that is not true. you know it. trish: michael, suddenly russia is an enemy again. >> so when hillary clinton tried to do reset with russia, were we instantly best friend? when barack obama you know, talked about how putin was influencing syria and was not an ally but an adversary, was russia a friend then? no. of course russia interfered with our election. they used propaganda to ininfluence voters. as we've seen throughout the investigation and -- trish: what about when the obama administration allowed that deal with cfius to go through. >> you and i both know uranium one story is garr ban. it has been debunked. >> not garbage at all. i absolutely do not know.

i can tell you that the business journalists who covered many those transactions -- >> many said that it is a garbage story. trish: very difficult, very difficult to get any of these things through. most of them, many of them are dropped. three were actually turned down by the president. the idea that you had a uranium company, that actually had uranium in its name, get approved to buy 20% of our uranium supply? that is a little bizarre. >> is it? nine agencies, plus the white house, all signed off on that deal. all the enriched-uranium stayed inside of the united states. trish: because nine agencies signed off on it how does that make it right? you heard me say how we had the change in policy i questioned when barack obama came in. >> every single member of that group said afterwards, including members of the republican party, who said, they would still vote the same way because the uranium didn't go anywhere. trish: no, no. that is actually not true, michael. it did go somewhere.

it went to canada and went to asia. it also went to europe. you know what? the nuclear regulatory commission confirmed that most recently to the hill. the other thing i would add, michael, eric holder, he should have known darn well his own fbi was conducting an investigation into vladmir putin trying to gain an outsized influence in the united states market. >> should have known what it is doing, jared kushner, michael flynn. trish: eric holder should have never signed off on that knowing investigation was going. it is either incompetence or something else. >> i hope you will hold the trump administration as accountable as you're holding eric holder. >> absolutely. did you hear me on taxes earlier? >> we're talking about russia and the trump administration. it seems to be we're forgetting -- trish: seems to be there is not a whole lot there, there yet. who knows. if you find a whole lot there, i am happy to look at it. >> when anything comes out. trish: uranium one deal from the very beginning i continue to question on how on earth a secretary of state was accepting

large donations from nations that we have conflicts in? trish: first of all, she was not the secretary of state. this was 2008 when she was candidate. individual who she accepted money from, at the time was not actually a member of the board of that company. trish: all right. i'm running out of time. facts do matter. there is no reason that deal should have ever been approved. uranium, the word uranium and also the russian state atomic energy corporation, who owned that arm seize -- >> called it marshmellows it would be okay? trish: should have been the trigger point. maybe we need to spend more time on the deal. by the way we shouldn't rush it through quicker than any other deal got through. michael, nick, thank you very much. nick i apologize. sometimes i get into it with these guys. anyway we brought you the news last week, that the government has paid more than $17 million in taxpayer money in settlements to victims of sexual harassment

by members of congress. we're learning to what lengths the government has gone to cover up identities of who the predators are. it is pretty outrageous stuff. but we're on it. i will see you hear after this. ? think again. ? it's 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 fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp

trish: this is what you can call congressional secrecy at its worse. last week we told you $17 million was paid more settlements of sexual harrassment claims against members of congress. if you were to say who was involved with these setments? which representatives, did we the u.s. taxpayer had to pay for? good luck, turns out that is all sealed up. they are protected those lawmakers by the law. gerri willis with more on this story. gerri, how does it work? >> i got to tell you the short answer is that congress made darn sure that it can keep its secrets to themselves by exempting the legislative arm of our government from the requirements of the freedom of information act.

they protected themselves. foia, the 50-year-old old law that lets public to information from the federal government is the open window to records may by the fed ral government. all you have to do is make a formal request by letter or email. "judicial watch" used law to gain access to irs documents regarding targeting of tea party groups. otherwise we might not know about it. so why would congress be exempted? some say habit. since the 1960s, congress didn't apply legislation that it passed, observe sharks environmental laws, but some are calling for a change. representative jackie speier, the last week revealed office of compliance role in settlement negotiations is asking for revealing details as part of legislation to be made public. initiatives from the speakers office to put a stop to this kind of harrassment. what do they want?

they don't include making information public or bringing it into the use of taxpayer dollars to settle cases. they're looking for education. back to you. trish: thank you very much. gerri. >> you're welcome. trish: alabama senate candidate roy moore says he is not going anywhere as all these accusations mount against him. our own jonathan serrie is in birmingham, alabama. he will fill you in on the very latest there. that's next. can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock.

trish: another women woman has come forward accusing minnesota senator al franken of groping her while taking a photo in 2010. despite a second accuser, al franken says he is not going anywhere. he is digging his heels there in the senate. meanwhile, with just over three weeks to two to, roy moore is vowing to stay in the race of alabama senate, despite allegations of sexual misconduct with teenage girls years ago. he is denying accusations with many in his home state supporting him no matter than what. jonathan serrie live in birmingham, alabama. with the latest. reporter: good afternoon to you, lee korfman, one of the accusers spoke at length on nbc's "today show," about allegation that roy moore molested her when she was

in her early teens. listen. >> he, tried to get me to tough him as well. and at that point, i pulled back and, that said i was not comfortable and i got dressed. he took me home. but i was a 14-year-old child trying to play in an adults world, and he 32 years old. reporter: moore denied the allegations against him and painting his opponent as liberal. in response to the death after border agent in texas, jones equals no wall and, no wall means more senseless bloodshed. we must build the wall to protect americans now. campaigning at a frishe fry, "dow jones newswires" disputed liberal label. >> if you look at positions i have got on health care, look at

positions i have on jobs, look at support i have from the business community, i think i'm pretty mainstream. i want to reach across the aisle to talk to all people. i don't really care what he says about me. reporter: although roy moore is losing support from many national republicans he still has strong support from the gop leadership in this state, although over the weekend the young republican federation of alabama withdrew its support of roy moore. back to you. trish: see what happens. thank you very much. jonathan. holiday shopping season kick of this week. retailers fighting back against amazon with their own discounts and unique offerings. jeff flock is scoping out sales there on miracle mile in chicago with the details for you after this.

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they are coming up with new ways to compete with amazon. let's go to jeff flock. his gotten out all the deals there. that is right. that is a magnificent mile. the wall street journal has been tracking toy prices. the music plays down here on the michigan avenue. they had been tracking them since the start of october.

a basket of ten popular toys. mama had the most expensive prices. not jump ahead to this week. it's just completely switched around. you can actually save mart by going into the store. a nerf blaster gun. at walmart you can get it for 3599 and at target the same price. on amazon right now on toys "r" us that's about 20 dollars more. the physical stores they should probably shop around.

by giving myself a pat on the back -- back. they hear themselves. although something goes with them. hundred dollars in new york city. i love that. i like a good deal. where in the white house right now. sarah sucked -- sarah huckabee sanders well have some updates there. after he declared the rogue nation estate sponsored fashion. coming up tomorrow noon eastern time.

on the fox news channel. i do hope to see you there. i sure do hope they are right. morgan stanley said bad things can happen. the markets are kicking off the week in the pre- holiday spirit. it has been a busy afternoon inside the beltway. what makes this interesting is they will announce that. the six years orally. there was still a question as to whether she would stay on the board until the end.