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Megyn Kelly opens the show discussing significant Supreme Court rulings that limit executive agency powers and impact the Department of Justice's obstruction charges related to January 6th. The latter ruling is seen as a potential victory for Donald Trump, as it undermines the charges against him and other January 6th defendants. Kelly critiques President Biden's debate performance, suggesting he may not remain the Democratic nominee, despite his insistence on continuing his campaign. Reports indicate that influential Democrats are urging Biden to step aside, with his wife, Dr. Jill Biden, maintaining a facade of normalcy. Steve Bannon joins the show, emphasizing the national security implications of Biden's performance and the potential for a constitutional crisis. He argues that the lack of accountability for Biden's cognitive struggles and the media's complicity in covering them up are critical issues. Bannon believes Biden will be replaced on the Democratic ticket and calls for congressional investigations into the administration's handling of national security. Bannon discusses his impending prison sentence for contempt of Congress, asserting it is politically motivated. He highlights the importance of the Supreme Court's recent rulings, particularly the decision on obstruction charges, which he believes will lead to the release of many January 6th defendants. He expresses confidence that the political landscape is shifting in favor of Trump and the Republican Party, citing polling data that shows Trump leading among independents. The conversation shifts to the implications of the Supreme Court's rulings on the administrative state, with Bannon arguing that the decisions are a significant step towards reducing bureaucratic overreach. He stresses the need for Republicans to fight back against perceived injustices and lawfare tactics used by Democrats against Trump and his allies. Bannon emphasizes the importance of unity within the populist movement and encourages individuals to take action in the face of political persecution. He expresses readiness to serve his sentence while continuing to advocate for Trump and the movement. The discussion concludes with Bannon's indifference towards Trump's potential vice presidential pick, focusing instead on the broader goals of the movement.

Megyn Kelly opens the show by reflecting on the recent passing of Barbara Walters, a news legend, and shares her personal insights from Walters' autobiography, *Audition*. Kelly expresses concern over the future, highlighting economic volatility, inflation, and interest rates. She introduces her guest, Dave Rubin, who shares his thoughts on Walters' legacy and her attempt to foster difficult conversations on *The View*. Kelly recounts a humorous yet traumatic experience traveling to Montana with her dog, Strudwick, who caused chaos on the flight due to medication-induced gas. The conversation shifts to the serious topic of the arrest of a suspect in the University of Idaho murders, Brian Kohberger, a 28-year-old doctoral student in criminal justice. Kelly and Rubin discuss the implications of his background and the chilling nature of the crime, emphasizing the suspect’s seemingly normal appearance and behavior. The legal panel, featuring Harmeet Dhillon and Viva Frei, analyzes the evidence against Kohberger, including genetic genealogy and cell phone data, suggesting that the authorities likely have a strong case against him. They discuss the societal implications of such crimes and the psychological profiles of perpetrators, noting that many appear normal on the surface. The conversation transitions to the political landscape, focusing on the January 6th committee's actions against Trump, including a subpoena that was ultimately withdrawn. Dhillon explains the legal arguments made against the subpoena, emphasizing the separation of powers and the impropriety of Congress attempting to compel a former president to testify. They express skepticism about the potential for criminal charges against Trump, arguing that the evidence does not support the accusations. The panel concludes by discussing the broader implications of politicizing the legal system and the importance of maintaining public trust in electoral processes. They highlight the need for reforms to ensure election integrity and the challenges faced by Republicans in the current political climate. Kelly wraps up the show by teasing upcoming segments and encouraging listeners to subscribe for more content.

Tucker Carlson discusses two leaked text scandals, one involving young Republicans using offensive language in a group chat and another involving a Democratic candidate for Virginia Attorney General, Jay Jones, who expressed violent thoughts about a Republican official and his children. Carlson questions the hypocrisy in the reactions to these scandals, noting that Republicans swiftly condemned their own for offensive texts, while Democrats have largely defended Jay Jones despite his disturbing comments. He argues that the Democratic Party's embrace of identity politics leads to dangerous conclusions, such as justifying violence against those deemed to be on the wrong side of the political spectrum. Carlson highlights the contrast between the swift condemnation of the young Republicans and the defense of Jay Jones by prominent Democrats like Nancy Pelosi and Abigail Spanberger. He suggests that the Democratic Party prioritizes power and adherence to their ideology, even if it means overlooking violent rhetoric. He also criticizes the Republican establishment for being quick to shame their own while ignoring more significant issues within their party. Carlson interviews Terry Kilgore, a Republican in the Virginia House, who expresses shock at Jones's comments and dismay at the lack of condemnation from Democrats. Steve Bannon joins the discussion, asserting that the Democratic Party is becoming increasingly radical and that political violence is likely to escalate. He criticizes the Republican establishment for being too quick to fold and appease the media. Bannon calls for a focus on dismantling the 'deep state' and holding those responsible for past actions accountable. He also suggests that the FBI needs to be reformed and that the intelligence apparatus has been compromised. Bannon warns that the upcoming midterms are crucial and that the left will resort to violence if they believe they cannot win through democratic means. Bannon advises families to strengthen their bonds, prepare for potential risks, and understand the underpinnings of Western culture. He expresses optimism about the younger generation, particularly men, who he believes are returning to traditional values and are resistant to radical ideologies. Carlson concludes by advocating for a new 9/11 commission to investigate unanswered questions about the attacks, citing evidence of foreknowledge and suspicious financial activity.

Megyn Kelly opens the show expressing gratitude to her audience and staff, reflecting on the upcoming inauguration of Donald Trump as the 47th president. She introduces guests Steve Bannon and her husband Doug Brunt, teasing a special holiday quiz in the second hour. Bannon discusses the Democratic Party's struggles and their attempts to undermine Trump's relationship with Elon Musk, labeling Trump as Musk's puppet. He emphasizes that the political class is "infected with a malignant cancer" of bipartisanship and insists that Trump won a sweeping mandate through a powerful populist movement. Bannon argues that the focus should be on executing Trump's agenda rather than seeking unity with Democrats, who he believes are incapable of handling the political landscape. The conversation shifts to Capitol Hill, where Bannon explains the ongoing budget negotiations and the dysfunction within the Republican Party. He criticizes Speaker Mike Johnson for reaching out to Democrats and expresses frustration over the spending bill that included significant funding for Democratic priorities. Bannon advocates for a hardline approach to governance, urging Republicans to act decisively once Trump is back in office. Bannon also discusses the looming national debt crisis, projecting that the U.S. could reach $40 trillion in debt within a year. He stresses the need for immediate action on fiscal responsibility and immigration reform, suggesting that Trump should use reconciliation to push through significant changes without needing a supermajority in the Senate. The discussion then touches on the media's portrayal of Trump and the attempts to drive a wedge between him and Musk. Bannon asserts that the media's strategy will fail, as both Trump and Musk share a common goal in their populist movement. He emphasizes the importance of delivering actionable information to their audience. As the conversation wraps up, Kelly and Bannon reflect on the challenges ahead for Trump and the Republican Party, highlighting the need for a united front to tackle the issues facing the country. They conclude with a sense of urgency about the upcoming political landscape and the importance of executing Trump's agenda effectively. In the second hour, Doug Brunt joins Kelly for a holiday quiz about their family traditions, revealing personal anecdotes and humorous moments from their Christmas celebrations. They discuss their favorite holiday movies, including "It's a Wonderful Life," and share insights into their family dynamics during the festive season. The segment highlights their love for Christmas traditions, including costume night and the joy of spending time together as a family. Kelly and Brunt also touch on the importance of giving back, mentioning their support for animal rescue organizations. They conclude the show with warm holiday wishes to their audience, expressing gratitude for their support throughout the year.