THE FIVE

FBI, CIA differ on assessment of Russian interference in presidential election

This is a rush transcript from "The Five," December 12, 2016. This copy may not be in its final form and may be updated.

GREG GUTFELD, CO-HOST: Hi, I'm Greg Gutfeld with Kimberly Guilfoyle, Ebony Williams, Eric Bolling, and a walnut is her bicycle helmet, Dana Perino, "La Five."

You got to hand it to the Russians: They're so Russian. According to the CIA, that big lovable bear of a country tampered with our elections to help Mr. Trump win. Now, there's no evidence of coordination. Without that, this is just suspicion. There may be proof they tried to do it, but none that they succeeded.

But let's be honest: How would we react if the situation were reversed and Hillary had won thanks the Putin? It will be all-out war around here. I ain't kidding. Trump would be screaming and of course the media would dismiss it. That's the nature of team sports politics, which prevents us from seeing that a foreign power may have subverted our system and we know that's wrong. But maybe we don't care that it's wrong because our side won. Trump. Who cares, right?

Here's why you should. What else might the Russians have that they didn't release? They hacked to get Trump in. What did they hack to control him? But maybe it's not about control at all but chaos. If Russia is shown to tamper with our election and one half of America demands a new election, you get demonstrations and riots and perhaps bloodshed. Russians do this stuff in their sleep.

Look, it's fine to side with the bad guy to beat another bad guy. We sided with Russia to beat Hitler and it might help in dealing with ISIS, as well. But do you side with a bad guy to beat an American candidate? How truly ironic is that? To make America great again we outsourced.

ERIC BOLLING, CO-HOST: So, Dana, welcome back to the show.

DANA PERINO, CO-HOST: Thank you.

BOLLING: It seems like months that you've been gone.

PERINO: Did you miss me?

BOLLING: No. What is your name again?

GUTFELD: Can we -- is it possible in this day and age to look at this from a bipartisan perspective? Or, is team sport politics make it so that it's OK because Trump won? We're glad that Hillary isn't in there. Maybe Russia did us a favor. Are we -- I mean, can we not look at it that way?

PERINO: I think that the professionals in government can do that. I know that there is some consternation but some Democrats to think that Mitch McConnell put up a roadblock. That he is saying that he's for an investigation in transparency is like a habit. Since we are a month from the election and I do think that many Democrats are still refusing to believe what happened.

GUTFELD: Yes.

PERINO: And I understand that they're smarting from the popular vote being 2.8 million but the Electoral College was quite decisive. Now we have this Electoral College briefing about the intelligence hack and it's not -- there's no way that the Electoral College is going to go against the wishes of their voters.

So, I'm for the professionals to get the briefing like I think that that's fine but it's not going to change the outcome. There might be something to say that Russia interfered in the campaign in terms of propaganda or some sort of news but there's no evidence as far as I know about hacking into any voting booth or any state system so, I think that's a little bit farfetched.

And I do think that if the Democrats are looking for a scapegoat, they have got to look at themselves. One of the big things is blue wall in Wisconsin. They asked for a recount in a state where Hillary Clinton never once campaigned.

GUTFELD: Right.

PERINO: Didn't step foot in it once.

GUTFELD: That's absolutely false.

PERINO: There are just a lot of reasons that the Democrats lost. I don't think Russia was it.

GUTFELD: Yes. Eric, do you think its sour grapes? Do you think we should look into this?

BOLLING; Well, sure. It's looking to whether the Russians are hacking us on any level but, you know, where's the logic behind -- let's see, the Russians hacked the RNC because they're trying to help Trump. I really don't get the logic there that's been (inaudible) about. The RNC said they weren't hacked. The FBI said the RNC was not hacked.

And not the CIA has a different opinion, but the FBI themselves have the opinion that the RNC wasn't hacked. And it does seem like sour grapes. Now, first there was the recount. The recount wasn't going to work. Let's try Russian hacking. That's not going to work. I have no idea what's next, but they only have five days to try and petition the Electoral College to choose (ph) your votes. It's not a good thing (ph). It's not going to happen.

And last up, didn't Barack Obama himself belittled Mitt Romney when Mitt Romney said the Russians were our problem, and Barack said no. The `80's want their foreign policy back, ha, ha, ha, and now he's trying to break the Russians.

GUTFELD: But they got it.

BOLLING: Yes, look, now he's going to blame the Russians for Trump. The bottomline is American people voted and they've spoken its Trump.

KIMBERLY GUILFOYLE, CO-HOST: Greg, this an example of not sour grapes but sour vodka. I mean really, because think about it, there is absolutely no evidence to suggest just as Dana pointed out, any kind of evidence of voter fraud or manipulation or polls in terms of going to the polls and people casting votes but weren't counted, nothing whatsoever.

What you have simply is you had bad candidate against a good candidate. And you have the allegations here that the Russians might hacked, what, the RNC, the DNC and Podesta. So, if you have bad cyber security, bad luck for you. You do something better.

This election turned against Hillary Clinton because she was a terrible candidate with many examples of misdeeds against the American people including her own deleting of e-mails, withholding evidence and repeatedly lying about it on the record. And that's why she was rejected by the American people.

GUTFELD: There's one instance where the Russians did mess with the polls, Ebony.

BOLLING: Well done.

GUTFELD: Yes, I'll shoot myself later.

EBONI WILLIAMS, GUEST CO-HOST: Yes. So, I'm not at all interested in revisiting the election, like not at all. But I am interested in figuring out exactly and getting to the bottom of exactly what is happening around this Russian hacking possibility even. Let's talk about what we know. We know that this is very possible. We know the CIA is telling us something different as Eric points out than the FBI.

So I think we have to flush that out because I think it's very, very dangerous when we start ignoring what could be very critical facts simply because it doesn't fit neatly into a pro-Trump narrative, and I'm saying this as someone who is not pro Hillary Clinton -- did not vote for Hillary Clinton -- but is concerned with the well being of America. So I think that's very, very important.

And to something you said Greg in your intro around, you know, is this working because it's an enemy of our enemy? Well, I just got back from Israel and something that a general said who is there fighting terrorism every day, "you must remember, the enemy of our enemy is not our friend." It's actually still our enemy and that's very important.

BOLLING: What are you talking about if it doesn't fit the pro Trump narrative we should ignore it?

WILLIAMS: Well, because a lot of people are attaching this, Eric, to let's, you know, let's not pay attention to this allegation because Trump won and that's what's important and so we need to separate the facts and the conclusions. So again, I'm not interested in conclusion around (inaudible), you know, twisted the election and thus we need to revisit the election results.

I'm ready to accept completely Trump as our president, but I think that it's still important that we separate that part, that conclusionary part, from the facts around the hacking itself and the hacking into databases whether it's the RNC, the DNC, Hillary Clinton or --

BOLLING: But the RNC and the FBI agree that they don't believe the RNC was hacked.

WILLIAMS: But if the DNC was hacked, that's important, too, I think.

BOLLING: Of course it is important if that, in fact, is the case.

WILLIAMS: It's the capability, right? It's the capability of Russia --

BOLLING: Because if you think there's one other option here, it's not a hack. It's leak. And no one has locked down the fact that it's definitely a hack and not someone disgruntled at the DNC.

WILLIAMS: I agree, and that's why agan, I think we're both saying that it's important to continue to get facts around it. Facts gathering.

GUTFELD: Facts are too complicated, Dana. Do you want to hear from Donald Trump on this?

PERINO: Sure.

GUTFELD: Let's go.

(BEGIN VIDEO CLIP)

DONALD TRUMP, PRESIDENT-ELECT: I guess ridiculous. I think it's another excuse. I don't believe it. I don't know why and I think it's just, you know, they talked about all sorts of things. Every week it's another excuse. We had a massive landslide victory as you know in the Electoral College.

I think the Democrats are putting it out because they suffered one of the greatest defeats in the history of politics in this country and frankly I think they're putting it out and it's ridiculous. We ought to get back to making America great again.

(END VIDEO CLIP) WILLIAMS: That's why I have a problem with that. Just that kind of dismissive of it's not important because I won and let's move on.

GUTFELD: Well that's -- and also a tweet Lindsey Graham said, "This hurts Hill today but it could hurt us tomorrow." It could hurt you tomorrow with your e-mails. God knows what's in there.

WILLIAMS: This is true.

PERIO: I don't know what the intel community can provide to the American public that is not classified and in a way that could be looked at with the naked eye because to Eboni's point, there are some people saying why would you even cover this? It's just fake news, OK. The intelligence community came up with a consensus apparently.

There is always -- usually (inaudible) human beings so you have disagreements but consensus is consensus and so, I would love to know if they brought this to everybody before the election and there was a decision not to look into it and now the Democrats are getting enough attention that they get the investigation that they wanted.

It's still not going to change the result but that is also an interesting thing, too. Like, so what happened with the information at the time?

BOLLING: And what do they get? I mean, think about this for a second. If they did in fact hacked the RNC and the RNC didn't know, what did they get? They certainly didn't get anything that would sway a voter away from Trump. They might have --

PERINO: Right.

BOLLING: -- reason to sway a voter towards Trump. I mean, it just feels like another desperate attempt by not only the liberals, not only Hillary, but the Never Trumpers too. Some of the people who are calling for massive -- hold off. Let's make sure we get an investigation prior to the Electoral College voting. It seemed like they're on that never Trump bandwagon.

PERINO: And she didn't lose in her stronghold. She lost in the places that -- like, anything that came out that was negative against Hillary Clinton didn't actually harm her with her base.

GUTFELD: Yes.

PERINO: She lost with the swing voters and those important blue wall states.

GUILFOYLE: Independents, undecided, yes. The problem is this really looks like just another attempt to de-legitimatize, you know, a huge victory on behalf of the Republican party and the Trump movement where he resoundingly defeated Hillary Clinton including taking 200 counties that Barack Obama was able to win last time around.

So, this I think and outperforming in terms of African-Americans and Latino community as well. So exceeded all expectations that were set prior to going in to election day. And now, you have Hillary complaining and using Jill as a surrogate. That didn't work. Those suits dropped (ph) and this complains about Russia. But Russia wasn't pulling the lever. The American people were.

GUTFELD: Yes. They just helped show how bad Hillary is. I think it's -- you got to look at it because I do think it's about sewing discord. I don't know if it's about Trump winning. I don't think it's about Russia wanting Trump to win. It's just can we mess with their elections because Russians like doing that stuff. I know.

GUILFOYLE: How interesting.

GUTFELD: Yes.

GUILFOYLE: Feels close to home.

GUTFELD: Yes. Up next, the president-elect still hasn't named his secretary of state but there's already an uproar over the guy he's rumored to have chosen. ExxonMobil chief Rex Tillerson when "The Five" returns.

(COMMERCIAL BREAK)

BOLLING: Well, still no decision on who president-elect Donald Trump will nominate for secretary of state but the word is he's leaning towards Rex Tillerson, chairman of ExxonMobil. Mr. Trump won't confirm or deny he's settled on Tillerson but he made a case on "Fox News Sunday" for why the businessman would make a great diplomat.

(BEGIN VIDEO CLIP)

TRUMP: He's much more than a business executive. I mean he's a world class player. He's in charge of I guess the largest company in the world. He's in charge of an oil company that's pretty much double the size of his next nearest competitor. It's been a company that's been unbelievably managed. And to me, a great advantage is he knows many of the players and he knows them well. He does massive deals in Russia. He does massive deals for the company, not for himself, for the company.

(END VIDEO CLIP)

BLLING: While the president-elect refers to the deal-making experience with Russia as an asset, but there are mixed reactions to the secretary of state contender's relationship with Putin. Listen.

(BEGIN VIDEO CLIP)

RALPH PETERS, STRATEGIC ANALYST, FOX NEWS: It is a terrible idea. Suckers for the Russians. I'm afraid the president-elect is being suckered and I do not trust anybody who's done mega billion dollar deals with Putin's government.

You can't do business with Putin's Russia without getting dirty. It can't be done and I want to see somebody who puts America's interests in front of those of ExxonMobil.

MICHAEL HAYDEN, RETIRED GENERAL, U.S. AIR FORCE: Frankly, when he has the endorsement of Bob Gates, Condy Rice, and Jim Baker as we would say in the agency, we'd have a lot of time for this guy.

I know him only by reputation which is really quite strong and I get the question about the relationship with Putin, but I do believe we can get beyond that.

(END VIDEO CLIP)

BOLLING: Okay. Dana, let's start with you. Look. I see the guy's thoughtful, straightforward, very strategic, 75,000 employees, 200 companies. He ran a big business that could be perceived as almost running a country. General Hayden likes him, but Ralph Peters doesn't.

PERINO: It's interesting. I think that this is an interesting and good pick and I thought it was interesting also that Secretary Condoleezza Rice and Defense Secretary Robert Gates, people that are well known in the international community have said this would be a really good pick for you and Donald Trump listened to that, right?

So they must have had a really good meeting and moved forward. My sense on the right the concern is about Russia. I understand that and they'll have hearings and they'll see if they can get beyond it. I think that the left's real concern is not Russia. That's an excuse.

Their concern is climate change and fossil fuels. So, this is just an excuse for them to be able to block -- try to block somebody or be against somebody not because of the real issue that they say but the underlying issue for them is always climate change.

BOLLING: And that is one of the knocks right now. ExxonMobil has some issues with climate change. Is this something that Rex Tillerson might have a hard time getting through Senate confirmation with? I would -- I think there's a couple of senators who --

GUILFOYLE: The answer (ph) is it possible, yes.

BOLLING: There are some Republican senators who already expressed concern for whatever reason, whether it's climate change or Russia.

PERINO: Yes, but you might be some Democrats --

BOLLING: That's what I'm saying.

PERINO: -- that will support him like in West Virginia.

BOLLING: So Manchin may.

GUILFOYLE: Yes.

BOLLING: Does he have the support?

GUILFOYLE: Who was also there at Trump transition. Look. I think it's a strong pick. You have my attention when you say that Condoleezza Rice support him. In fact, it was her recommendation and then the president- elect was open minded, said I'm interested in the best people to put forward and make perhaps unconventional picks that he feels will best serve the interests of this country going forward.

And he's a very interesting choice because of, yes, his focus also with energy independence for the United States. The pushback will be, of course, issues perhaps to people that are concerned about climate change. They won't love this choice. But it's up for the president-elect to do what's in the best interest of the country.

And if he feels this is someone to help with decision making, the steady hand, the ability to have resources throughout the world internationally and know the big players, that can work to the advantage of America in foreign fields. And also depending on who you have in the second spot as deputy, somebody strong like Ambassador Bolton that might work very well together.

BOLLING: Greg, when you're running ExxonMobil --

GUTFELD: Yes.

BOLLING: You're doing business in --

GUTFELD: Subject (ph) 10 years ago.

BOLLING: Right, right. When you are running ExxonMobil --

GUILFOYLE: Spare time.

BOLLING: No, but in all sincerity, you're dealing with the heads of state of some of the most business -- unfriendly lands, some people who frankly hate us and somehow you're able to make -- strike a business deal with some of these countries and these people. That's got to -- I would see that as a positive. Am I wrong?

GUTFELD: Talk about a high energy person. Yes, you know what I mean. I never run out of gas. I never heard of this --

GUILFOYLE: Either will you.

GUTFELD: Well, that's so true. I'm changing my diet, Kimberly.

GUILFOYLE: I know.

GUTFELD: I never heard of the guy. Can I be honest? I never of him until I heard of him, and I think that's part of the strategy. It's got to drive the other candidate nuts because he's like Cinderella showing up and the slipper fits and the bitter stepsisters of Giuliani, Christie and Romney are like, what about me? I thought I was the guy and then this guy walks in and, you know, there it goes. He is a slick dude.

BOLLING: Got you. Oil slick. Got you.

GUILFOYLE: He got it. No --

(CROSSTALK)

BOLLING: Ebony, here's how I look at it. If you can get a Rex Tillerson, the guy started with Exxon, his whole career has been with Exxon, you know, profoundly immense businessman --

WILLIAMS: Sure.

BOLLING: To run your state department, isn't that a win for an administration?

WILLIAMS: Well, I'll agree with you here. The ability to broker a good deal is critically important for a secretary of state, so I like that. But getting back to this notion that he knows the players, right. I think, generally speaking that sounds very good but with knowing them means you've got pre-existing relationships with the players.

And so my concern, which I think would be alleviated at the senate confirmation process is what do those relationships really look like and what is his ability to kind of make sure that first and foremost at all times is the best interest of America in the world stage. Not --

GUILFOYLE: Operating without influence of an economy.

WLLIAMS: Yes, are you operating making sure that those pre-existing relationships have no affect and no influence which I think is quite difficult, but again I'm sure I trust our state to take care of it.

BOLLING: Can you do that? Can you separate? Can Rex Tillerson separate ExxonMobil past to the United States of America future?

PERINO: Absolutely. He's an American. He wants to serve his country. He's willing to serve. He's dedicated most of his life to the corporate world and at Exxon, you don't get to be CEO of Exxon just like on a whim. You work your way up through the company.

GUTFELD: I did.

GUILFOYLE: It's not like a favor.

PERINO: No. I think that he absolutely could separate it.

WILLIAMS: I do trust that he can separate it. I guess, again, I'm concerned about the relationship. If I have a relationship with you, right. Then I don't have a new one because I have a new job. You know, our relationship is our relationship.

PERINO: If you think of Vice President Dick Cheney who had separated from his former company -- gosh, what was the name of it?

BOLLING: Halliburton.

PERINO: Halliburton. Years before, had no financial ties to it at all. Years later, it still followed him around everywhere because that was the left's favorite thing. So they're always is going to be an anti- corporate America bent but I do think he'll get confirmed and there is probably surprises. And it will be a good manager for the State Department.

GUILFOYLE: Right. And if he knows all these people, he knows their good points, he know their bad sides. He's less likely to be outsmarted. There's less of a learning curve if he has pre-existing relationships. I'll they can that any day.

GUTFELD: He has an order of friendship from Putin, which is a big deal because that, you know, Steven Segal doesn't have that. And he's got -- and that means that they won't kill you. So, he's safe.

PERINO: OK, good.

GUILFOYLE: Thank you for that interpretation.

BOLLING: Ahead, more from Chris Wallace's exclusive interview of president-elect Donald Trump. That's next. But next, the president-elect addresses critics who accuse him of missing his daily intelligence briefings. Stay tuned.

(COMMERCIAL BREAK)

PERINO: As president-elect, Donald Trump's entitled to a daily intelligence brief, to keep him updated on threats and other sensitive matters, but according to reports, he's chosen to only receive them once a week. He's been taking some heat for that but dismissed the concerns on "Fox News Sunday."

(BEGIN VIDEO CLIP)

TRUMP: First of all, these are very good people that are giving me the briefings. If something should change from this point, immediately call me. I'm available on one-minute's notice. I don't have to be told, you know, I'm like a smart person. I don't have to be told the same thing and the same words every single day for the next eight years.

I do say, if something should change, let us know. But I don't need to be told, Chris, the same thing every day, every morning, same words, sir, nothing has changed. Let's go over it again.

(END VIDEO CLIP)

(LAUGHTER)

PERIN: So Greg, I think it's a little bit unfortunate that this is playing out in public because I think the intelligence community and Donald Trump just need to get to know each other. They need to figure out like how does he prefer to get his information and once they know that, they can tailor it to him.

GUTFELD: Exactly. So here is my idea. His staff should feed the intel to Brian Kilmeade and Steve Doocy because we know the first thing that Trump does is watch "Fox & Friends." So he gets up in the morning and you got Kilmeade and Doocy going, so, did you hear what ISIS is doing right now. Right now, they're right on the edge of --

BOLLING: They're moving to the Turkish border.

GUTFELD: They're moving and the Kurds are pulling back.

GUTFELD: And it's like Trump's going this is good stuff.

PERINO: I'd like to say --

(CROSSTALK)

GUILFOYLE: I know, what about Ainsley?

GUTFELD: I forgot about Ainsley.

PERINO: Well, Ainsley can start off the show by saying no change today.

GUTFELD: No change today.

PERINO: No new information.

GUILFOYLE: I'm hearing the same thing.

GUTFELD: But he's up to date. He's up to date. That's the solution.

PERINO: Here's the thing, Eric, I think that a lot of people in the intelligence community voted for Donald Trump and so if they can just work out how he likes to get his briefings, then he'll be able to pick up on the nuance of what they're saying.

BOLLING: Call me crazy. I want him to read the briefings. Read the darn thing. It's like in the morning, you get a rundown of the news wheel. Sometimes It's 25 pages but you do it because you don't want to be -- well, there is something on page 14 that ends up bubbling up to the top.

PERINO: Nuance.

BOLLING: And I don't know how the briefing is structured. Is it bullet points? Is it with the data behind it? But at least --

PERINO: Depends on how the president wants it.

BOLLING: The good news is --

GUILFOYLE: Yes, they can tailor it.

BOLLING: The good news is Mike Pence is apparently reading every single word of every single briefing and as we know, Donald Trump has relied on the very capable and able Mike Pence. So, it's not like we're out there going, gee, I hope this all works out. One of the two is always going to be reading the briefing.

PERINO: There's always a danger, Kimberly, that both sides, Republicans and Democrats, try to politicize the intelligence community just to suit them. And the intelligence community doesn't want to be politicized it. For the most part, I understand they have leaned left. Some people in the left think they leaned right I get all of those things but you're dealing with human beings who are just doing their best.

GUILFOYLE: No, absolutely. And what they need to do is like tailor make it so that this is something that the president-elect feels comfortable with, that's going to suit his schedule. He's a busy man. He's doing a lot of things. He's making sure and it shows the trust and reliability he has on Mike Pence.

And if something, of course, is urgent and needs like immediate eyes on target, he's going to do it. So, I think this is something that we're going to see kind of go away as a problem because what about those, I mean, don't be hypocritical. President Obama does not sit in for his briefings and prefers to get his on an iPad and in abbreviated form that way.

PERINO: What do you think of that? Because President Obama has taken some heat from the right saying, why didn't you get your presidential daily brief in all indignant and now you have this?

WILLIANMS: Yes. And I think that maybe none of us should be like freaking out in this large whatnot. Anyway, this table is doing that.

GUILFOYLE: No, we're very calm.

WILLIAMS: We're all good. But the larger public community, to your point, if it's not playing out so publicly, we wouldn't be having this conversation.

I think when you have earned the right to sit in the Oval, you get your information the way you want to. I think that's fine.

I think there's an easy fix here, right? I think Donald Trump can say, "Don't give me repetitive information, but every single day get something with anything that's changed, no matter how slight or nuanced," because with the rapid way this stuff is changing, as we all know, every day can be a different vantage point.

BOLLING: I heard Michael Hayden, actually, on MSNBC this morning, talking about that presidential briefing and the reason why it is repetitive, because you want to build a history. You want to build a data history. And so I think it -- rather than eliminating the stuff that was repetitive, leave it in there but just figure out a way that's really highlighted.

PERINO: Bold and highlight.

BOLLING: This is new. This other stuff you've read before...

GUILFOYLE: Highlight the new developments.

BOLLING: ... but this stuff is new, and this is something we need to get to.

GUILFOYLE: An alert.

GUTFELD: Or have somebody entertaining that you like read it to you. You can get anybody in America.

GUILFOYLE: You!

BOLLING: Monologue. Every day.

GUTFELD: Yes. Exactly.

PERINO: The other thing is that he could do is if they want to see him every day, one of the things he could do is say, "All right, bring me something on Tanzania tomorrow. I'd love to learn a little bit more. Give me five minutes on Tanzania, your best." And they will do it. They'll provide it to him.

GUTFELD: Scott Baio.

PERINO: I'm not picking on Tanzania.

GUTFELD: Scott Baio should do it.

PERINO: I loved him.

GUTFELD: I love Scott Baio.

GUILFOYLE: The thing is, the president-elect is a famous multitasker, so he's capable of doing a lot of things, you know, with 12 people following him, waiting for a decision, waiting for an answer. That's how you become a billionaire. Making all these decisions worldwide, trying to go through. And he's specific about wanting to make those choices himself.

So work with that. And have it set up so it works into the flow of when you can present the information. Go over it. And I think once he gets his transition team, hopefully, there's going to be even more focus.

PERINO: Well, and then there will be a decision on who the briefer is going to be, and that would be fun to watch, if I were behind the scenes, which I won't be.

Ahead, President-elect Trump responds to concerns about his decision to remains executive producer of "The Celebrity Apprentice." He says it's not a conflict of interest. Hear why when "The Five" returns.

(COMMERCIAL BREAK)

GUILFOYLE: "Celebrity Apprentice" returns to TV next month after a two- year hiatus with a new host, Arnold Schwarzenegger. The last host is about to become our next president, and there's some controversy over Mr. Trump's decision to retain an executive producer credit on the show. Chris Wallace asked him about it on "FOX News Sunday."

(BEGIN VIDEO CLIP)

CHRIS WALLACE, FOX NEWS ANCHOR: You're keeping your stake in "Celebrity Apprentice." According to The New York Times, you're going to shift operations, but you're going to keep your stake in -- your real estate business.

DONALD TRUMP (R), PRESIDENT-ELECT OF THE UNITED STATES: Well, essentially I'm not going to have anything to do with the management.

WALLACE: I know, but isn't that a huge conflict of interest, sir?

TRUMP: When I ran everybody knew that I -- I was a very big owner of real estate all over the world. I mean, I'm not going to have anything to do with the management of the company.

I don't care about it anymore. I'm so focused on doing a great job as president.

(END VIDEO CLIP)

GUILFOYLE: And Mr. Trump clarified on Twitter that he'll have nothing to do with "Celebrity Apprentice" when he's president. He is going to devote zero time. He'll only have a stake in it.

All right. Bolling, so what do you make about this? People are upset because it's going to say when you watch the show, "Executive producer, POTUS Trump."

BOLLING: Remember, we talked about this on Friday? If you watched the either beginning or end of a movie, there's like 20 executive producer credits. Most of those people are some sort of investors in the movie. There's probably one or two total real producers of the movie.

And this is -- the thing that Donald Trump has a right to is this is his intellectual property. He developed this show.

GUILFOYLE: Conceived the idea for it.

BOLLING: Yes, conceived, developed it, made it big, made it great again. And he shouldn't have to walk away from it. Whether or not he wants a credit on it. OK, so he wants a credit on it. But that's clearly an opportunity for him to keep his name there without having a thing to do with the production of the show.

And I guess the assumption is that, if he -- if he were more involved or if he went awry, he could use it to hold over NBC's head to say, "Hey, I'm producer of this show. You need to get this message out more. Or this will happen." But he has no intention of doing that.

GUILFOYLE: All right, Dana. How do you see this?

PERINO: I think that he would have zero time, even if he wanted to dedicate any time to work on "Celebrity Apprentice."

Plus, think about President Obama and his book that did extremely well. He continued to get royalties while he was president of the United States. And I sort of see this in the same way. I don't know if the legal counsel would see that in the same way, but that's how I think about this.

GUILFOYLE: They have checked it out. I mean, look, he did create it, as Bolling said. He's entitled to have his name on it and to receive the proceeds of it. I mean, why not?

GUTFELD: I think just bring it into the White House. Like I said on Friday, the winner gets a job on staff, and the losers are buried in Michelle's herb garden.

GUILFOYLE: Buried.

GUTFELD: No one will miss them.

GUILFOYLE: Anything good to eat there.

GUTFELD: And by the way, Arnold Schwarzenegger, they should add, like, a separate segment. Like, who will he impregnate?

GUILFOYLE: You know, why do you have to ruin my block?

BOLLING: He loves this show, too, by the way.

GUTFELD: "The Five"?

BOLLING: He's a big fan.

GUTFELD: I'm not surprised why.

GUILFOYLE: I took a picture with him.

BOLLING: He likes me, right?

GUTFELD: Yes.

GUILFOYLE: Took a picture with him with Ronan. It was Ronan and Conan. It was very cute.

All right. So what do you make of this?

WILLIAMS: All right. So I'm not bothered at all by this. Kind of the easy point is intellectual. Like this is something, this is a brand that Donald Trump really helped build from the ground up. So I don't think he should have to divorce himself. I think we all know kind of in this industry, E.P. doesn't really mean much of anything. You know, it kind of can be in title only. And that part's fine.

Dana, personally, I don't see it exactly as when President Obama continued to collect the royalties from the book, only because this is -- you know, kind of a very direct media correlation. And you could make the argument that, if Trump wanted to exercise that in a different way, he could. I'm not at all suggesting that he'll do that.

PERINO: Right.

WILLIAMS: That's the only distinction.

PERINO: I agree.

WILLIAMS: Yes. But ultimately, I'm not at all -- I think this is, like, so low on my concern list around anything...

GUTFELD: Yes.

WILLIAMS: ... that President-elect Trump is doing. Totally unbothered, as the kids say.

GUILFOYLE: OK, so we don't -- nobody really sees this as any problem. Greg, you're just jealous because you want an E.P. credit?

GUTFELD: Yes, I want it. I -- I don't know.

GUILFOYLE: And Arnold wants an amendment so that he can actually run for president. Right? Follow in the footsteps. Like in the movie. Remember the movie.

BOLLING: Precedent has been set, I hear.

GUILFOYLE: Precedent has been set.

All right. Let's talk about...

BOLLING: I'm kidding. Totally just kidding.

GUILFOYLE: Oh my gosh. Terrible.

WILLIAMS: Oh gosh.

GUILFOYLE: Bolling will be -- Bolling will be on it next.

Dana, is there anything else that he actually should be concerned about besides, like, this leaving his name on a credit here? Anything you see with the businesses?

PERINO: Well, it depends. I mean, I don't know what -- you never know what's going to happen in live TV or in a reality TV show. Will he want his name associated with it?

GUTFELD: Isn't this story a dumb topic? Don't you think -- don't you feel like...

PERINO: I think it could have been better.

GUTFELD: Yes, it feels like we...

BOLLING: You know who we can blame for that? Our executive producer.

GUTFELD: Executive producer.

GUILFOYLE: Aw.

GUTFELD: Nobody cares. I can tell that not a single person here cares strongly enough about this.

GUILFOYLE: You know why? Because it's a nothing burger. You know? It's the only burger I don't want to eat. A nothing burger.

Next, a left-wing California professor caught on tape bashing our president-elect to her students. The stunning video when "The Five" returns.

GUTFELD: Is that at Duquesne (ph)?

(COMMERCIAL BREAK)

WILLIAMS: So human sexuality professor at Orange Coast College in California is not too pleased that Donald Trump is our new president. She made that very clear to her students last month.

Olga Perez Stable Cox went on a tirade about the president-elect. I hate you, Greg. Following the vote, calling him a, quote, "white supremacist" among other things. A student even taped it. Here's the videos.

(BEGIN VIDEO CLIP)

OLGA PEREZ STABLE COX, HUMAN SEXUALITY PROFESSOR, ORANGE COAST COLLEGE: Our nation is divided. We have been assaulted. It's an act of terrorism.

One of the most frightening things for me and most people in my life is that the people committing the assault are among us. It is not some stranger from some other country coming in, attacking our sense of what it means to be an American and the things that we stand for. And that makes it more painful.

Our nation is divided as clearly as it was in the Civil War times and my hope is that we will get the leadership to help us to overcome that.

(END VIDEO CLIP)

WILLIAMS: She equated Mr. Trump's election to terrorism. The school's Young Republican Club has filed a formal complaint. They want an apology from that professor.

OK, so I want to note that we did reach out to the school to see if there was comment from the professor or the school itself and thus...

GUTFELD: Did you reach out to Stable Cox?

WILLIAMS: Greg, you're in punishment. Time-out.

GUTFELD: No -- can I point out that the teacher who teaches a human sexuality course, her name is Stable Cox?

WILLIAMS: OK. Eric Bolling, I have to move on.

GUILFOYLE: Try to look down. Avoid eye contact.

WILLIAMS: OK. In all seriousness, all right?

BOLLING: So OK, what was the name of this course?

WILLIAMS: Human Sexuality.

BOLLING: Is this what we're teaching our kids in college? I mean, my son called me today, literally today. He's got a final, and it was "talk to a family member about an event that was profound in American history that they experienced." And I went through the 9/11 thing. He wrote a nice paper on what 9/11 was and how it affected millions of Americans' lives and how it affected my life. And it went up.

And this one decides that voting through the legal, the process, the constitutional process of electing Donald Trump, somehow is terrorism?

WILLIAMS: Yes. That actually, that part of it was problematic for me, bothersome on kind of an emotional level. I just was standing on the border of Israel and Syria and I was, you know, like with land mines and, you know, with this woman who works at a school. Rockets are coming over every day. They are a threat to her life. So, like, there's real terrorism. Right?

BOLLING: Can I just throw this one thought?

WILLIAMS: Yes. So that was what I thought of.

BOLLING: What in the world does Donald Trump being considered terrorism have to do with human sexuality?

WILLIAMS: That's another thing. No, that's true, Dana, right? So what about the kind of political tangents? Like if you're in poli sci, I understand having a conversation around this.

PERINO: Can you -- you can actually imagine that throughout America's college campuses, that the last six weeks or four weeks had been like group therapy. That it doesn't matter if you're supposed to be learning about physics. That you need safe space to be able to talk about the election. It doesn't matter if it doesn't have anything to do with the subject matter that she's supposed to be teaching.

And the other thing is the left runs this risk of watering down words like "terrorism."

WILLIAMS: Yes. That's a problem. That's a real problem.

Greg, I know you -- no, never mind, Greg.

GUTFELD: Can I just -- point out a couple of things. No. 1, Stable Cox...

WILLIAMS: You just wanted to say it again. Go ahead.

GUTFELD: No. Going to punish the student. They're going to punish the student for recording this. Do you know that? That he could be charged because it's illegal to...

PERINO: Yes.

GUTFELD: So he's an authentic whistle-blower who's now getting the whistle blown on him.

And you know that this teacher would have a real problem with calling real terror actual terror. She'd call it, like, radical revolution against, you know, the powers that be.

But she has Trump hysteria disorder, and you're going to see that a lot. She's un-Stable Cox.

WILLIAMS: Kimberly Guilfoyle. Counselor Guilfoyle.

GUTFELD: You've got a -- tell them I spelled her name Stable Cox.

WILLIAMS: All right.

GUTFELD: All right?

WILLIAMS: I actually didn't know that the student was going to be punished for recording it. Is that like a thing?

GUILFOYLE: Well, I mean, they can, depending on what the laws are there. But the thing that's interesting thing to me here is that the Young Republicans, they're actually -- have a lawyer that's going to file a lawsuit. They're trying to get -- gather enough evidence, because they said that they felt intimidated and afraid to express their personal opinions.

So we're seeing, you know, one of these type of cases going forward to say, "Hey, this is an abridgment of their free speech and their ability to be in an environment and not feel threatened." So we'll see how it goes.

WILLIAMS: That upsets me. I actually don't like any student wouldn't be able to film something, because if we're going to have cameras with our police, which I think is a good thing, why not have them with our educators? I mean, if we're going to...

PERINO: I like people to be able to have a private conversation.

WILLIAMS: In the classroom, though?

PERINO: Sure.

GUTFELD: If the teacher is doing something wrong, you should have -- be able to -- like, did she ask -- she asked the Trump supporters to stand up, right?

WILLIAMS: We didn't have that clip. But...

GUTFELD: Yes, yes, they asked them to stand. I mean, that's...

PERINO: She's looking to intimidate them.

GUTFELD: She's looking to intimidate. And so somebody has to do that.

I understand what you mean, that there should be some kind of privacy. But Stable Cox lost her privacy.

WILLIAMS: OK.

GUILFOYLE: She didn't get a good rating on RateMyProfessor.com.

BOLLING: So I've been taking notes of how many times you...

GUTFELD: What?

BOLLING: That's how many times you got it out.

GUILFOYLE: Oh, my God.

WILLIAMS: Dana, I don't mind private conversations, but we know from footage that we've seen teachers, like, assault students and stuff like that, so I do think sometimes it comes in handy.

PERINO: When the robots are here, we'll all be wearing cameras.

GUILFOYLE: Yes, and we saw President Obama and that administration, people using Title IX to try to suppress speech that they disagreed with. So this is quite interesting.

WILLIAMS: What a slippery, slippery slope we do find ourselves on.

"One More Thing" is up next.

(COMMERCIAL BREAK)

GUTFELD: All right. It's time for one more Stable Cox. There it is. That's it. K.G.

GUILFOYLE: Why? Why is mine -- OK. Terrible, terrible.

BOLLING: I have to add one to the total.

GUILFOYLE: All right. Army and Navy students come together to sing powerful rendition of the national anthem, and this is at the army/Navy game on Saturday. The students from both branches came together with this amazing rendition of Star-Spangled Banner. You have to listen.

(BEGIN VIDEO CLIP)

(MUSIC: "THE STAR-SPANGLED BANNER")

(END VIDEO CLIP)

GUILFOYLE: So as you can tell, the crowd absolutely loved it, and so did Army, ending its 14-year losing streak to Navy, winning 21-17. And it seems like everybody had a very, very good time at the game.

GUTFELD: When I was a kid, I was always -- I thought that was the best time for people to invade America.

PERINO: The game.

GUTFELD: Because that's where our -- everybody -- all our Army and Navy is.

GUILFOYLE: First you ruin my block. Now my "One More Thing."

PERINO: That is -- they do have to keep that very secure.

GUTFELD: Yes.

PERINO: That's all of our young men and women.

GUILFOYLE: And it was nice to see the president-elect there with Army and Navy side. That was good. Good.

GUTFELD: Dana.

PERINO: Well, I learned about a new tradition, a Christmas tradition. Always looking to add some. This is from Iceland, and I really liked it. They have this tradition of giving books on Christmas Eve. And then you stay up all night reading the book. That's kind of cool, right?

GUILFOYLE: This is right up your alley.

PERINO: So we all have gifts that we could all give, but I chose two that I would give away this year. One, I loved, it's a novel called "The Snow Child" by Eowyn Ivey. It's a little bit of fantasy, but it's fiction. It's absolutely beautiful book.

And then another one by Siobhan Evans, "You Know When the Men Are Gone," which is about a deployment at Ft. Hood. And she's a military wife -- I'm sorry, Siobhan Fallon -- excuse me -- is her name.

GUTFELD: Get it right.

PERINO: Well, she got married.

GUTFELD: OK.

PERINO: Whatever.

But her family watches, and I think that that book was definitely amazing. She has a new one coming out this year.

BOLLING: You know what the cool thing about that tradition is? You don't have to use the lights, because it stays light.

GUTFELD: See? That's easy.

PERINO: No, it's dark there.

BOLLING: Oh, then you have to use extra lights.

PERINO: In the winter -- in the summer, it's...

GUILFOYLE: Can you tell we're not trusted to do the weather around here? OK.

BOLLING: I love that.

GUTFELD: OK. Let's do this, OK?

(BEGIN VIDEO CLIP)

GUTFELD: Greg's Fashion News.

(END VIDEO CLIP)

GUILFOYLE: Oh, please.

GUTFELD: Yes.

BOLLING: Is that new?

GUTFELD: I think it's been around. We just never do it. OK, so this is in Japan right now, at Matsue Vogel Park. They had Penguin Fashion Week. Let's take a look at this.

(BEGIN VIDEO CLIP)

(PENGUINS WEARING SANTA SUITS)

(END VIDEO CLIP)

GUTFELD: These penguins are a part of the new Santa Fashion Week. They're dressed as Santa Claus. A lot of people wonder how are -- how do these penguins stay so skinny? And it's because they -- they eat a lot of fish, then they throw it up. Because after all, they are fashion models.

PERINO: Oh, my goodness.

BOLLING: Do you have more?

GUTFELD: No. I have nothing more.

BOLLING: Did you notice that -- that there's always one penguin leading, and they all follow?

GUTFELD: Yes, it's true. Yes.

PERINO: The one is, like, getting distracted back there. He's like, oh.

GUILFOYLE: But you didn't name who they are. You've got to say, like, "Oh, that's..."

GUTFELD: That's Furry McPherson?

GUILFOYLE: No, like real models.

BOLLING: Lou Dobbs.

GUILFOYLE: Cindy Crawford, Naomi Campbell, Linda Evangelista. By the way, I'm officially revoking "Greg's Fashion News," because that was just a fail. You don't even know any super models.

GUTFELD: I didn't. I didn't. Still hung up on Stable Cox.

PERINO: But you sure know fashion.

GUTFELD: All right. Eric.

GUILFOYLE: Write it down, Eric.

BOLLING: Added one more.

First, before we do my "One More Thing," very quickly, we want to wish a congratulations to John Roberts, FOX News's new, brand-new chief White House correspondent. Well-earned, John. Congratulations. That is a big gig, by the way, because you're -- you're on camera quite a bit, following him.

GUILFOYLE: Wow, wow, wow.

PERINO: He has experience, because he had that job before.

BOLLING: Yes. Good job, John. OK.

GUILFOYLE: He's a great guy.

BOLLING: So for my "One More Thing" very quickly, over the weekend, Louisiana put in the final numbers for the final Senate seat in America. John Kennedy defeated Foster Campbell. That puts a Republican there. Balance of power goes to 52/48. This is big, because 51/49, you get that extra Senate seat, especially during confirmations, big. That was a big win. Congratulations to Louisiana.

What? House, 241-194. And then this, with the governors we talked about, 33, one independent, and 16. The balance of power is clearly leaning right.

GUILFOYLE: By the way, bye-bye about the Wisconsin recount.

WILLIAMS: Yes.

GUILFOYLE: Because Trump picks up 163 more votes. That worked out well for you, people.

GUTFELD: Yes. How much money per vote did that cost?

GUILFOYLE: I mean, seriously.

GUTFELD: All right, Eboni.

WILLIAMS: OK. So as I've said several times now, I just came back from a truly life-changing week in Israel. And really toured the entire country. It was incredible. So I wanted to share just a couple of -- I mean, I have so many moments, but here's a couple.

So first, you're going to see here, this is a photo of the group. And I went with the American-Israel Education Foundation. It's the educational branch of AIPAC. And as you see, we ran into -- just casually ran into -- Prime Minister Benjamin Netanyahu, and that was awesome.

PERINO: Wow.

WILLIAMS: And we were able to speak to many people at the Knesset.

Here you go. In the spirit of keeping it fair and balanced, we're meeting with Dr. Saeb Erekat, and he is actually the chief negotiator for the Palestinian Authority. So we actually went into Kamala and were able to speak with him. It was incredible.

GUILFOYLE: Nice.

WILLIAMS: Get his take. Here you're seeing -- this is Rabbi Levy and his beautiful wife, Paula. They invited us all into their home for sabbat dinner -- Shabbat.

GUTFELD: All right, Eboni. Got to go.

GUILFOYLE: Excellent.

GUTFELD: That's it for us. "Special Report" up next.

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