>> we got some hints today from steve mnuchin. he wants to do this middle class tax cut and not give a tax cut to the upper class which is a reversal during campaign trail said. and we are hearing things like anthony had scar moochy, one of the transition advisers, has given an interview talking about how tariffs won't be imposed, or only as a last ditch measure. we're getting little bits and pieces from trump advisers that they are coming together. creating ideas. i know the transition team has plan written up. whether trump goes with that plan is still up in the air. they are doing this subterranean effort of really plotting policy. getting ready to go. er the executive orders ready to go for the first couple days. >> margaret, we keep hearing about how the president obama is still talking on donald trump. still very much on track to help with the transition. the white house was in a little shock after election day. what is the sort of modus operandi in the final two months in office? >> there are a few things going on. for pres

mnuchin, we're learning about today, a goldman sachs figure, some background on steve mnuchin. he was a trump finance chair during the campaign, helped raise money to coordinate fund-raising events and that sort of thing. spent 17 years at goldman sachs and helped finance avatar and x-men and ran a credit fund under george soros, involved with the one west bank group as well. and hank paulson had some good things to say about mr. mnuchin. here is what hank paulson said. i think steve mnuchin would be an excellent choice for treasury secretary. he is very talented. he knows,0 s how to bring peopl together and get things done and has a working relationship with the president-elect. we saw gary cohn here today. that's an interesting conversation to have, he's somebody who is known as a democrat, but donated a lot of money politically to republicans. there is some speculation he might be under consideration as budget chief under a trump white house. we'll watch and wait for that one as well. clearly goldman sachs having a moment here today at trump tower. >> and had many. thanks so

>> i would say steve mnuchin is the perfect pick for treasury. he was one of the architects and one of the folks who worked tirelessly with the president-elect to put together this tax plan, helping to take the economic populism message to all americans. as we talk about lowering the tax code -- lowering tax rates, how do we make sure we free up more money for hard-working americans. so really, steve was the one who got in there and helped develop the plan. it's really -- it takes someone like steve, who understands how the system works, how we can go make it more fair and help american workers to get in there and actually change it. the other thing i would say, too, is that it's been well over a decade since steve mnuchin was with goldman sachs. i would say steve has been a winner at everything he's done in life. he has been a successful financier, banker, he has even been a successful movie producer and financer. this is someone who has really been a success with the economy, and he is someone we think could help get our growth going. it hasn't

so steve mnuchin, because you say donald trump wants to work for the little guy, right, but steve mnuchin is a goldman sachs guy, has his own private equity fund, he's a hedge fund guy, right, he has close ties to wall street. so how will he serve the little guy with that kind of experience when he's very much a wall street insider? ' >> well, i think that's a fair question. i like steve. i met him for the first time when i was visiting with president-elect trump and we spent a long time talking. he does have what i call a main street experience. he bought a failed bank, he turned it around and then sold it and he got the experience of trying to work with government regulators when he was actually doing them a favor taking over a failed bank. but you're right, he doesn't have as much main street experience and that's just an objective fact. but i do believe that's their goal, you could argue about their knowledge of main street. >> but he will also be in charge of regulating wall street as treasury secretary. again, very much an insider on wall street. how does that work? >> well, i think

steve mnuchin years at goldman sachs and john tells me producer of "avatar." and got indymac for penneys on the dollar and paid millions of fines and told it for a big profit. >> and "x-men." >> wilbur ross owns his own firm, wl ross & company. made huge profits, deep roots in steel and coal. he's represented the bondholders in trump companies. trump's choice for education secretary, betsy devos also a billionaire. >>> cnn has learned that retired marine corps general john kelly is emerging to be trump's pick as secretary of homeland security. telling our mark preston that president-elect likes kelly's views on border secure. general kelly is the head of the southern command. if he ends up being confirmed he would join james matos which is secretary of defense. three generals. >> three generals and three billionaires. let's go live to washington to bring in cnn politics reporter todd koppen. you've got elaine chao tapped as transportation secretary which i think is a play on getting an infrastructure built. also running the labor department. i think the longes

steve mnuchin was the finance chair for the trump campaign. he worked at goldman sachs for 17 years and founded investment firm do you know capital management. he's likely to be scrutinized for the six years that he ran one west bank. his investment group bought that failed bank back in 2009 and when they sold it, mnuchin got proceeds from that sale. this morning on cnbc. >> as we look at dodd/frank, the number one pblem is it's way too complicated and we want to strip back parts of dodd/frank and that's the number one priority on the regulatory side. >> one person who has not impressed senator elizabeth warren, he's the forest gump of the financial crisis. he's managed to participate in all of the worst practices on wall street. stephanie ruhle joins me. >> you're elizabeth warren. goldman sachs used to be lovingly known as government sacks because you would see the senior executives leave goldman to go on to government. why? because the beautiful little loophole that those massive amounts of goldman sachs stock that they own when they go to

he is steve mnuchin, banker, fund raiser, movie producer. this comes on top of couple other major hires today. the biggest, of course, coming out with word of this treasure are ry secretary nominee. correspondent peter doocy is live outside trump tower in new york. busy day, peter. >> reporter: very busy day here in rainy midtown, manhattan, bret, mnuuchin, announcement about his nomination expected to come at some point tomorrow. he has no government experience. almost his entire career was spent in wall street. helped bankroll movies like "x men" and "avatar" and "the new york times" first reported he was going to be the pick as treasury secretary. we just confirmed that as you just said with two other sources. mnuchin's experience with the campaign was as national finance director and the transition team saw him fit to serve as the transition secretary. that's where we are. now, here in new york, it is suppertime. the other big headline of the day is about to happen, that is mitt romney and the president-elect donald trump sitting down fo

steve mnuchin is the choice to serve as treasury secretary. we got wilbur ross the pick for commerce. these are two titans in the financial area. they were on both at same time with "mornings with maria." they laid out their future boss's highest priorities. watch this. >> our number one priority will be tax reform. we think about lowering the corporate tax rate we'll make u.s. corporations incredibly competitive and create enormous amounts of money comes back onshore and creates job. >> every small bank has more compliance people than lending officers. that is a very flawed business model. >> even at large banks, regulators have offices there. >> that is not the way to run a bank. government is not the right way to allocate capital. charles: all right. there you have it. wilbur ross and mnuchin talking about three top priorities, taxes growth, easing bank lending. sounds like music to my ears. let ask tammy bruce. jeff, we got to get you on for this. you have been part of this process. you know how donald trump is thinking, narrowing it down.

steve mnuchin. among a lot of other things they are bowing to strip back they banking regulation known as dodd frank. they decided to give up his stiff stress wife to be secretary of commerce. and of course yesterday news that they were named transportation secretary. he has a plan already in place to replace obama care and that the divorce. she is expected to push for school choice. but the biggest? of all is still smacking our faces and hovering above our heads. willoughby met romney. we have dinner with the president-elect last night. all of us wondering if he gets the secretary of state job when we know you will know. in case anything breaks. the president-elect is keeping everyone on their toes. i guess even in the last hour and a half you know him as the district attorney. he met with the president-elect. came into trump tower and left shortly afterwards. he said that the president-elect had asked him to come here. he said mister trump wants him to stay on the job. they were put into the post.

wilbur ross at commerce, steve mnuchin at treasury, they say mr. trump will bring-- or their policies will bring hundreds of billions, if not trillions of dollars back to america. and told us that this morning. that's a very big deal. we're all over oil. opec working to try to cut protection by a million dollars a day. and the price is surging and the stock market is going up as well. stay right there, folks, and you watch your money grow with the opening bell next. >> all right. we've got about 35 seconds to go before we open trading this wednesday morning. you are probably going to see a continuation of the trump rally. the dow industrials should be on the up side shortly and that would be 50 or 60 points higher. that should take us up to about 19-2. lots of stuff in the news background, the price of oil is spiking. there's a new guy that's going to take the helm at the treasury, that's an important position and a new guy coming in at commerce. trump's economic team taking shape. apparently investors like it. we'll find out how much. bang! it's 9

is that what steve mnuchin is going to be? >> so he had a very interesting interview on cnbc this morning along with wilbur ross who's going to be the commerce secretary talking about this deal with carrier where there's some incentive package that's going to keep them in the united states. they view this as a model. they are going to try to get companies to keep and create companies in the united states. it looks like a deal approach. i would note that while the last two secretaries of the treasury had deep government backgrounds, it's not uncommon for the secretary of the treasury to come from the private sector. you had paul o'neill and john snow in the bush administration. you had two top executives from goldman sachs over the years, hank paulsen under george bush and paul rubin under president clinton. he wasn't the ceo of goldman sachs so it's not the profile you would ordinarily expect, but i don't think it's an unprecedented move based on previous administrations. >> the carrier deal, we're calling this a victory tour.

neil: steve, one thing that caught my interest when steve mnuchin was on our air earlier, among many, this particular exchange got me going about the upper income taxes. if we listen to this. >> we'll simplify the personal income tax lowered from seven brackets down to three. simplify it, deliver a very significant middle income tax cut that is going to be combined with the child care program, and the other aspect of it is, on the upper end, we'll cut the tax rate but it will be offset with a significant reduction of deductionses. so for the upper class, it won't be a tax cut, but a simplification of lowering the marginal rate to spur investment. neil: that part for the upper tax, it will not be a tax cut. a lot of upper class, all classes watch this fine show, just like all classes read and watch and follow you. if they get wind of the fact that something they were taking for granted, they d get a big ol' tax cut and turns out with deductions they might not what do you think. >> if people have been listening, that is the way we formulated this from the start, neil. in fact one of the

so all of those are under consideration. >> now, steve liesman, let's drill down on steve mnuchin and wilbur ross both were on cnbc today. let's talk about mnuchin first as treasury secretary. if you had to look at the universe of people, like a bob ruben, hank paulison, tim geithner, men from wall street who successfully dealt with crises and could deal with the heads of the various big investment banks, steve mnuchin that guy? >> you know, it's a good question, andrea. i would say that initially, i don't know that any one of these people who became well known and did well in their jobs, it was obvious ahead of time that they would be so successful or do quite as well as they did. i think what's important here from the get-go is that steve mnuchin is a close confidant of the president-elect. i think that's probably ciritera number one for being a successful treasury secretary, especially if economic policy making is going to remain inside the treasury and not get transferred over inside the white house. so, steve mnuchin understands financial markets, i'd say. i would say he understa

vonnie: let's have a listen to what steve mnuchin had to say this morning. will beirst priority the tax plan and it has the corporate aspects to it, lowering corporate taxes so we make u.s. companies the most competitive in the world. making sure we repatriate trillions of dollars back to the united states. on the personal income taxes, where we have the most significant income tax cut since reagan. dr.ie: how doable is this, rivlin? do you see a return to bipartisan agreement when it comes to corporate tax reform? alice: well, i hope so. it is important to get by on both individual and corporate tax reform. i think there are plans that would do that. i don't know whether this administration, now that they have control of both houses of congress and the white house, will pay much attention to what democrats think. on the other hand, they don't , and60 votes in the senate they may need that for things that want to do. rivlin, do you see any return to simpson-bowles or the paul ryan plan, or will this be a newly created plan on the part of steve mnuchin and hi

>> he says this about steve mnuchin. i think steve mnuchin would be an excellent choice for treasury secretary. >> he's back and forth. he supported and voted for him. >> hold on. >> you're angry about this. >> he worked with mnuchin. he said he's talented, has a deep understanding of finance and markets, knows how to bring people together and has a working relationship with and the confidence of the president-elect. when i said you know the guy who wrote this story, i wrote it. >> duh. all right. in addition to being in the times, you wrote it. >> so you talked to hank last night. >> hank likes mnuchin. >> y i talked to hank last time. >> hank came in here and said i'm voting for hillary because she likes to reach across the i'll. >> joe, you can't be mad at everybody all the time. >> i can be mad at paulson. >> you're mad at trump now? >> but he picked a democrat -- >> not mad, just pointing things out. he will reverse the last eight years -- >> thanks, steve. >> you're welcome. 8:15. >> steve mnuchin and wilburs a joi

former goldman sachs banker steve mnuchin as treasury secretary. heading opfirm that made big money off of foreclosures. the dnc calling out trump's pledge to drain the swamp. dubbing mnuchin a billionaire hedge fund manager and goldman sachs who preyed on homeowners struggling during the recession. >> reporter: to save at least 1,000 jobs at it factories in indiana. but so far the details of the deal haven't been announced. now, we're expecting donald trump and mike pence to actually visit that carrier plant on thursday to tout making good on one of their campaign promises. but i want to bring you to donald trump's tweet storm of the morning because he is teasing another public appearance that's a press conference on december 15th in new york city. donald trump saying he's going to appear with his children and basically roll out the plans for how he's going to sever ties with his businesses. it's interesting, in this sort of spree of tweets he points out that technically, technically there is no conflict of interest law for the president. but says

charles: real quick, tammy, at the top of the show we talked about steve mnuchin. that would be two insiders, two outsiders, although mnuchin is a goldman alumni. but again, it feels like donald trump went with the guy he knows can get the job done regardless of the criticism. >> he also, though, was a big democrat donor, and i think that's a difficult position to be in when you're going to be head of the money if you're going to be dealing with the economy and you thought that hillary clinton and barack obama were good bets. that's the problem with him. so, but again, i am the last person to second guess mr. trump who has done fabulous things, will continue to do them. and i think even with this dynamic, loyalty -- the reason he's a success is because he has people around him who he can trust, and that is a major issue. charles: all right, guys, thank you very much. >>> breaking news on those wildfires that have been tearing through temperature. at least three people are now confirmed dead can. hundreds of homes and businesses have been destroyed and thousands for

treasury secretary...goldman sachs executive steve mnuchin. sot steve mnuchin we're gonna have the most significant middle income tax cut since reagan, we're going to incorporate the child care program, so this is, this is gonna be a tremendous boost to the economy mnuchin who promised to focus on the american worker praised trump's factory jobs in indiana, vp elect mike pence's home state. sot mnuchin called them and said we want to keep jobs here...i cant remember the last time a president did that trump is expected to release the details of the deal in indianapolis thursday. it's the first leg of his thank you tour which ends later in the day in cincinnati, ohio. nats applause trump is still trying to decide on a secretary of state...sitting down for dinner with contender mitt romney who once called trump's white house chief of staff reince preibus on fox news. sot reince preibus when he makes the decision, it's the decision that's best for america regardless of background (kenneth standup close) trump's team hinted he is down to four secre

goldman sachs executive steve mnuchin and billionaire businessman wilbur ross. mnuchin confirms he's trump's pick for treasury secretary and ross is tapped for congress secretary, also. trump makes a huge promise. he will break ties with his many businesses so he can focus on running the country. trump made that announcement in a series of early morning tweets one of those tweets says he will unveil the details of all of this during a december 15th news conference. all of this after mitt romney, who's under consideration for secretary of state, breaks bread with trump at a posh new york city restaurant inside trump's international hotel. all right. so, we're coverig all of these angles with our team of reporters. let's begin with cnn's sara murray. good morning. >> good morning, carol. lots of news this morning. and today, trump's transition team has just made it official that they have chosen steve mnuchin as the next treasury secretary. this is really a loyalty pick for donald trump. this is a guy who was his campaign finance chairman who's been a close econom

first up would be steve mnuchin. he joined the trump campaign as national financial chair and seven months later is set to run the treasury department. he does not have d.c. experience but well-known on wall street and hollywood. he hinted the u.s. will be a much more attractive place to do business. >> we think there will be hundreds of the trolls of dollars that will come back. that will create infrastructure and create jobs. reporter: president-elect also wants well burr ross to be the commerce secretary. he is a billionaire who made his money fixing big businesses in distress. this all fits what the president-elect said on campaign trail, make america great mantra would be turning things around. martha? martha: peter, fascinating. thank you very much. bill: former governor of arkansas, fox news contributor governor mike huckabee. thanks for coming back to our program here. >> great to be back. bill: i want to start with trump, inc., can effectively extract himself from lifetime of business he spent creating essen

he works to get steve mnuchin secretary treasury. fox business charlie gasparino was first to report that mnuchin service campaign finance cheapest fare under for this job. an official announcement could come as early as today. last night trump that once again with their primate to former republican presidential candidate sharply critical during the campaign had dinner with him in new york as the president-elect continues to weigh his choice for the position of secretary of state. speaking to reporters after the meal, and he hopes trunk and that the country to a better future and he added that he's been impressed by the transition effort thus far. >> it is not easy. i know that myself. he did something i try to do and was unsuccessful. he won the general election and he continues with a message to bring people together and something that obviously connect it to the american people. lauren: charlie gasparino saint donald trump was named wilbur ross to run the commerce department. while none for cutting jobs and costs in reviving the s

speaking both to newly appointed treasury secretary and commerce secretary in wilbur ross and steve mnuchin. crude 48.79 and markets pretty much across the board up in the green. make sure you join us tomorrow. "squawk on the street" begins right now. ♪ >>> good wednesday morning. welcome to "squawk on the street." i'm carl quintanilla, jim cramer and david faber at the new york stock exchange. final day of november looks to be the second best month of the year. futures positive. tons of news including two big cabinet picks, steven mnuchin to treasury, wilbur ross to commerce, both on cnbc this morning. personal income fastest rise in six months and oil is soaring on these headlines of an opec cut. road map begins with treasury and commerce, stephen mnuchin and wilbur ross confirm they are the picks. we'll dive into comments on growth, trade, regulation and more. >>> and more news from the trump transition making good on a high profile campaign promise, that's a deal to keep carrier, at least some of as many as 1,000 jobs in the state of indiana. >> and from those cabinet picks to movemen

steve mnuchin ex-goldman sachs. the fact that trump as a candidate may be different than trump as candidate may be an encouraging sign to those on wall street and a lot of the establishment. >> that is true, sara. even as a candidate, donald trump was proposing policies that were good for wall street. he was talking about big tax cuts that are tilted towards people at the top of the income scale, talking about reducing regulation, getting rid of dodd-frank, getting rid of obama caring all things that many in business complained about. so the policies were friendly that. he coupled that with persuading blue collar workers that he was on their side. if he can sustain that, that is something that will serve him well. the question will be when he gets around to implementing those policies, do those workers, beyond the 1,000 who were saved for carrier, do they see him as doing things to benefit him. >> he was seen having dinner last night with mitt romney. how important is it that he might get someone who may challenge h

i want to go to stephanie because democrats don't like the pick of steve mnuchin. senator sherrod brown says it's not draining the swamp. >> they know how to win and they know how to win themselves. he's not just a former goldman partner. he's the sun of a goldman partner. he goes to a hedge fund and gets involved in film finance, which is a business filled with government loopholes but to make matters worse, he ran bank one, which was involved in 36,000 foreclosures tied to the subprime crisis. john paulson became famous in the financial industry from becoming a multibillionaire and betting against subprimes. so it's why people have been so you be set, the financial industry bailed out, not one person went to jail. they have only risen through this. they say we're going to put this person as secretary treasury. wall street itself is amazed. >> bringing corporations back is the first priority for this post. take a listen to this, though. >> our number one priority is tax reform. this will be the largest tax change since reagan. we've talked about this during the ca

look, who is steve mnuchin? really important. 17-year career at goldman sachs, moved as hollywood producer there, a trump campaign finance chair. he has a more diverse portfolio than just a goldman sachs banker, to be clear. this morning telling reporters he is really knee deep in this tax reform that is issue number one and he and wilbur ross at commerce advising this president for some time, already working on ideas and priorities for the economy. they are already in the thick of it. wilbur ross is someone i've covered a very long time. known at the bankruptcy king. when an industry or company implodes, he sits back, steps in, in the wreckage. picks up pieces and finds value there, and has been criticized as a corporate you have which are vulture at times and found value in beaten down industries like coal and steel and in fact represented the bondholders in the trump casino disaster a k k decade or two ago when donald trump was on the brink. both of these men have the trust and ear of donald trump, and it wil

president-elect trump named steve mnuchin as his pick for staff secretary. mr. mnuchin joined us with his thoughts on bank regulation. listen. >> the number one problem with dodd-frank is it's way too complicated and it cuts back lending. so we want to strip back parts of dodd-frank that prevents banks from lending and that will be the number one priority on the regulatory side. >> joining us now for what this means for the financials. david ellison, and from financial markets. welcome, both of you. the markets have done very well since the election, but there's more left to run. david, you like the financials, don't you? >> yeah. first i'd like to say to paul miller hello. i can't see you on the tv, but i hope you're doing well. bill, to your question, i've talked to probably 25 banks as i normally go through my routine and as iver been hearing from the last 25 banks and the lowest policies that are glg to generate my. and i think next year will be an okay year for the group. >>, sdr that add up to a further bank rally on top of the double digit rise we've alre

sot steve mnuchin the carrier deal i think it's terrific. mnuchin at trump tower this morning...prai sed trump's new deal to keep 1000 jobs with carrier in indiana, the home state of his vp elect, mike pence. sot mnuchin the president- elect and the vice president-elect picked up the phone and called them and said we want to keep jobs here...i cant remember the last time a president did that tomorrow, trump and pence will be in indiana to announce the deal. it's the first leg of their victory tour...they'll end the rally in cincinnati, ohio. nats restaurant applause applause for trump who broke bread last night with mitt romney, a possible secretary of state contender. the man who once called trump a con artist, a fraud and a phony now says... sot mitt romney i happen to think that america's best days are ahead of us. / that better future for trump will come at a cost...his business. the president- elect announced on twitter he will "leave his great business in total" to his children "in order to fully focus on running the country." trump sa

likely to join the billionaires club is steve mnuchin and wilbur ross. mnuchin is set to lead the treasury secretary while ross is tipped to be the next commerce secretary. whether these appointments of established candidates, it looks like trump is backtracking on his campaign promise to shake up washington. host: we are hearing now that stephen mnuchin is saying his name to you as treasury secretary. to germany -- and men employed by the domestic intelligence agency has been arrested on accusations that he made islam and declarations on the internet and revealed material. a spokesman for the agency declined to provide information on the man's role and a report that thepaper 51-year-old suspect try to explode all bomb at the agency's central office in cologne. in syria, up to 50,000 civilians have fled east and aleppo in four days as government troops move into the rebel stronghold. 200,000 people are trapped inside. reporter: on the outskirts of aleppo is besieged, hundreds of families waiting to be evacuated from the syrian regime forces. and wee mont

the likely one is steve mnuchin, the other is jeb hensarling. you want him in the head house finance committee to roll through the stuff, the tax cuts. >> i completely agree with him. liz: he wants the federal reserve to be obviously under a tighter rein here, hensarling and trump spoke about that during the election, the realistic choice steve mnuchin. >> i'm not in the room and donald trump has priority. he's got to pick a secretary of state. gary: you were hang out with mnuchin at the salt conference in vegas. i saw you hanging out. >> we weren't like -- gary: yes, you were! >> we didn't take a sauna together. [laughter] >> i actually don't know the guy very well. i spoke with him, he's a really smart guy. what i like about him, i like the nonfrills guy understand thats a budget. gary: charlie gasparino. liz: melissa francis, thank you for joining us. gary: that does it for "wall street week," enjoy the rest of the holiday weekend and see you next week. ♪ ♪ ♪ ♪ how else do you think he gets around so fast? take the reins this holiday

. >> we are getting word that steve mnuchin will be tapped and elaine chao will be tapped. tom price is at hhs. regarding the nominations the >>> this morning there's news one campaign pledge will come to fruition. carrier, with a plant in indiana, said it will now keep 1,000 jobs in the hoosier state. initially the company made the decision to relocate its factory to mexico, something trump had been strongly against. on thursday trump will travel to indiana to celebrate carrier's decision. trump is expected to visit ohio with mike pence kicking off their thank you tour. >>> overnight several activists took to burn two foot long flags all in angry response to trump's tweet that flag burners should be jailed and their citizenship should be revoked for the act. >>> an investigation is underway this morning at missouri of what caused a pipeline to burst out into flames. the pipeline was transporting ethane and propane. the flames didn't affect any flights to and from the >>> police in manchester, england, have released this video of a terrifying road rage incident in the hope

steve mnuchin has been with him. steve is extremely bright guy. i had dinner with him the other night and he would do a great job. trish: are you pretty certain he would be the one? >> look, i'm not the one to pick -- to say -- to announce it, but i do believe that he will get the job, yeah, i do believe it, but again i'm not speaking for donald. trish: right, of course. >> no one speaks for donald. [laughter] trish: you know, let me ask you about this regulation issue because you -- you've expressed a lot of concern, carl, regulation, the fact that the fed has been so aggressive, the fact that nothing can get done in washington and you've been fearful about the future, you've been fearful about the lack of growth in the economy, how do you think that changes with him in office? >> i think to begin with business is really afraid to invest. the average ceo, on the one hand he invests and is up against the wall which in some cases are absurd regulations such as epa, it's completely insane. they want refineries to guaranty rims, to be obligated, excu

steve mnuchin 7017 years at goldman maximum. he's got movies in theaters right now. expect him to be grilled during confirmation hearings on failed mortgage lending indymac. he bought that company on penneys to the dollar. >> he'll also be asked about "avatar" which he helped fund. >> he helped fund "avatar"? >> congress is obsessed about that. >> he will not be asked. let's talk about wilbur ross, he's a former billionaire to run congress. he's the face of american business around the world. he made a lot of money buying distressed companies and turning them around. when i say a lot of money, i mean a lot of money. he has deep roots in steel and coal. he knows how to borrow money and find value in companies. he represented trump's casino bond holders. and betty devos is also a billionaire with billions as well. >> billionaire worth billions is the right kind of billionaire. >>> cnn has learned that john kelly is emerging as donald trump tick as homeland security. telling our mark preston that the president-elect likes kelly's views on border security. he's the forme

we have steve mnuchin speaking. >> that will be a big focus. we're working with congress and the different departments in the administration to make sure we figure out how to fund it in the most effective way. i think we're going to look at a lot of different things, some public/private partnerships, different types of things. it's all going to be a big priority. thank you very much. the carrier deal, i think it's terrific. the president-elect and the vice president picked up the phone and called the ceo of united technologies we want to keep jobs here. can't remember the last time a president did this. this is going to be a terrific opportunity. both myself, wilbur, ross who's in commerce working with the president making sure we do the right thing for the american workers. thank you very much, everybody. >> okay. steve mnuchin, quick stop at the cameras at trump tower in the lobby. talking about infrastructure at the beginning when we dipped in there and how they have plans and looking into public/private partnerships. i know that is going to

steve mnuchin is the choice to serve as treasury secretary. we got wilbur ross the pick for commerce. these are two titans in the financial area. they were on both at same time with "mornings with maria." they laid out their future boss's highest priorities. watch this. >> our number one priority will be tax reform. we think about lowering the corporate tax rate we'll make u.s. corporations incredibly competitive and create enormous amounts of money comes back onshore and creates job.

steve mnuchin has been chosen as the new treasury secretary. they would be here in moments sitting down with me in an interview coming up. one spot they still have to fill. they were dining with mitt romney last night. they're under consideration for this key position. they lay out their plan. * out of the gate by repealing and replacing obama care. we will take steps to achieve real border security. you will see president donald trump make good on his pledge to cut taxes across the board. and rollback the excessive relations that are stifling of the growth. they have artie had major victories. the deal to prevent the carrier from sending 1,000 jobs to mexico. the details as protests over minimum wage continue across the country. the crude oil prices are up on hopes that they will reach a deal on lowering production. up 8%. at $48.83 per barrel. if in fact we see them cut back on production. in the rally continues this morning with the dow jones industrial average to be up better than 30 points. in europe markets are higher across the board. th

steve mnuchin is largely a banker and businessmen. one thing it tells us is goldman has a lock on the treasury. he's been more of a chameleon on policy, a little bit more tightlipped. going to be doing this expensive infrastructure program, it will be steve mnuchin who's is in charge of issuing that that could -- that debt. he will be issuing trump's marching orders. he was trump's national finance -- david: terribly important is not just the secretary but also the deputy secretary, the assistant secretaries. who will be surrounding mr. mnuchin? ben: absolutely. it can be difficult to say exactly who is being brought in for a job interview and who is being looked at to get policy advice. people whoist of were looked at for these top jobs. they might be going into jobs at treasury, might be going into jobs at the office of management and budget. be watching them closely to figure out how exactly the rest of his team is going to fill up. david: thank you so much for being with us. coming up, a november to forget if you are long the yen.