the president-elect calls on carl icahn to combat excessive regulation. it's thursday december 22, 2016, "worldwide exchange" begins right now. ♪ >> good morning. welcome to "worldwide exchange" on cnbc, i'm sara eisen here with dominic chu in for wilfred frost today. >> good to be here again. >> throwback thursday, of course we throw back with holiday classics. >> mariah carey. >> let's check in on the global markets this morning after stocks took a pause yesterday on the march to 20,000. pulled back a bit. not much. the dow futures now down six. s&p down two. nasdaq futures down seven. >> much like it was yesterday at this time. >> the losses were fractional. >> we were at 40-point trading range for the dow? 50 trading points? >> tight ranges, lower volumes, holiday lull. just when you thought we would get up to the 20,000 number. not that far away. >> we're not that far away. 20,000 >>> good morning. number is kind of like a psychologically important number, maybe for some out there. it's a march to bigger better things down the line. you wonder whet

saw carl icahn and then mr. navarro. very interesting. servicest to the exports story which are helping support the global economy. that's according to new reports from hsbc and oxford economics 23% inays it rose to 2015. the forecast is that the trend is set to continue. let's get more from the global profit at hsbc. out fromt news coming the united states in terms of the cabinet positions that are filling up. probably doesn't keep you very optimistic in terms of that global trade growth or help it be resilient and continue. >> the first thing i would say, when people think about trade coming think about physical goods being shipped. what we've seen in the last 15 years and expect to see in the next 15 years is actually trading services getting more important and growing. a lot of it is technology and demographics. the growing consumer class and businesses buying and selling, which is not just about cost. in the short-term, there is reason to be cautious at the outlook, but if you take a medium-term view, we are bullish about the outlook

carl icahn has this sort of swinging title. he's going to have plenty of free time to rom back those regs -- meghan: but it's okay because he's not going to get a salary. harris: by the way, he was asked about that, and carl icahn says he does not have specific duties but will talk to mr. trump as he has before. >> yeah. i think -- and then, of course, peter navarro is also going to raise a lot of eyebrows especially on the republican side -- gillian: because he's a democrat. kennedy: used to be. frustrated democrat. >> a lot of people, a lot of conservative republicans in washington are really worried about the issue of trade and whether donald trump is going to be a protectionist. i mean, if you listen to the way he campaigned, he could sort of fall into either category. i happen to sort of think that a guy like that is not going to be anti-trade completely, that it's somewhere in the middle. but picking peter navarro is certainly -- kennedy: what must china be thinking, r charlie? [laughter] and we've talked about the madman

none complain about the fact carl icahn helped to clean them up. i've never heard one shareholder say we've made a lot of money, carl, but we don't like the fact you owned the stock. i'm in these companies but i don't init tend to take -- it's almost like saying you shouldn't listen to jamie dimon or brian monaghan about banking regulations because they have options on the bank. it's sort of a crazy issue. i preempt ed -- i figured you'd bring it up and i just want to preempt it. >> you referenced it right off the beginning part of our interview, the conflict of interest question. >> it's been brought up several times. i know you, i knew you were bring it up so i preempted it. >> i'll take that as a compliment. i mean, some would say, though, should the guy who owns a cvr energy, a refiner, be helping shape an issue that directly affects the refining industry. >> discussing regulations at the bank -- bank regulations. he's also the ceo of an organization. i am not -- i can understand saying this in owning these if i were making policy. if i were th

what will be carl icahn's role? boris: carl icahn is someone who is a successful businessman and a leader in the business community. he will be advising the president-elect on a huge array of issues and using his experience and relationships to help america get to where it needs to be which is 3% annual gdp growth. we will have that and much more. david: you know washington terribly well. you know there is some resistance when people come in from the outside. people talk about that, it is hard to get done. what is the secret sauce for donald trump and carl icahn to cut through that bureaucracy? boris: it will be working with congress and going straight to the people and being their voice and saying this is what we want. we want the market to be high in a real way, not inflated where it may be right now due to low interest rates, but really growing substantially and substantively. david: peter navarro, someone who has been on this program in the past. he is outspoken when it comes to trade and china. is the president

carl icahn joins me on the phone. thank you so much for being with me. given this huge rally, did you make a mistake by not betting more the night of the election? >> yes, i did. i was going to say i'm happy that i did buy that night. i'm sad i didn't buy a lot more. t playing the market and trading is a very difficult endeavor. very few, if any, can know it. you are never going to be right all the time. that's not what i do anyway. >> how much of this rally, krachcarl, is a direct reaction to the election? how much is about the president-elect? >> it is completely related to trump and the way he has handled it. the world believes that things are going to be very bright. is that the case? there are many problems ahead, many bumps in the road. i think donald is completely on the right track in the things he is trying to do. obviously, it will be difficult to do a lot of them and there will be bumps on the road. >> we have seen him taking on individual companies. this week, it was boeing for the $4 billion price tag that he said the new air force one will

carl icahn as a special economic adviser. good morning. i am nicole petallides. lauren: good morning. i'm lauren simonetti. stocks take retreat yesterday. the dow that takes two points away from the 20,000 milestone. let's check in and see a stock futures are faring. can we see 20,000 today? dow futures are down eight points. the stocks edged lower within edged lower with the nikkei slipping up 1%. lauren: oil prices falling for the first time in three days. down 16 cents. train to the 10 year treasury yield about 2.53% this morning. lauren: in germany, an intense manhunt. not the main suspect is considered armed and dangerous. nicole: the art of the deal under pressure from donald trump to cut the cost for air force one. lauren: regulation nation. lugar called a scratch on the streets of san francisco after pressure from regulators. nicole: and sports company duke pasco player finds himself in hot water for tripping on a opponent. lauren: good morning. 5:01 a.m. in new york. pushing closer to christmas day. welcome to "fbn:am," your first look at morning markets

carl icahn is being named as special advisor to donald trump on regulation. if nothing, carl icahn has been very vocal about what regulations he think the government should get rid of. aboute has been talking this. he was a big donald trump supporter for a while. he made a bunch of money trading on the markets the night donald trump one -- won. scarlet: he definitely has skin in the game. he is being named especially advisor to donald trump on regulation. he will advise on the selection of the next sec head. steven wieting, the global chief strategist is still with us to talk about his risk outlook for the global economy. i want to bring up this chart from mike mcdonough h. of recession are holding steady and falling across g7. the u.k. is the blue line. the data has been better than economists have been anticipating. that is the red line. the u.s. has helped study 20%. these are all recession forecasts. >> take a look at those when you are about to approach a recession but not yet in them. they tend to stay quite low. >> you don't have any warning? >> there

carl icahn, so many rules and regulations in the way of companies, small, medium, and large alike that they really can't move forward. it's not so much as a tax thing as a regulating thing. icahn would be playing, presumably, a central role in selecting the next chairman of the securities and exchange commission. but again, the keeping with this very busy pace, where he's supposedly tapping the best and brightest of the corporate world to send a message. what is that message? >> that politics as usual will have no place in this white house, that corporate welfare is just as bad as fraudulent welfare. and that everyone is going to be held accountable. and if i can be candid with you, neil, i was not expecting this. i am more than pleasantly surprised. this action, this activity has caught the american people and really touched them because most people at this point are prepare for christmas, they're preparing for hanukkah, they're leaving their jobs. and donald trump even several days before is still at work shaking up the system. and i'll give you one example. the appointment of nick m

back to you. >> more now on the big interview with billionaire investor, carl icahn. icahn saying it's dangerous to have this money dammed up in etfs. hi, bob. >> we're still looking for leadership, but i want to bring up some of the big exchange traded funds. there are some publicly trading ones that have much of their money in etfs. wisdom tree, could see down. black rock, even opened down. near the lows for the day. of course, mr. icahn saying there's too much money in etfs. kind of a vague complaint, but you can see the effect that's having on the market. meantime, we are looking for leadership, so we can't get it. that's part of the problem. microsoft was strong this week, now, it's not doing anything. goldman sachs, early december, not doing anything. merck and united health were laggards this week, they're up a little bit. just sort of rolling around here with no clear leadership. so, the big question now, look at the markets today. where's the buyers? ? what happened? we've got a seasonal dry up in volume, but more importantly, the leadership clause. you put t

icahn have known each other for 30 plus years, carl icahn was a very big supporter. he is a terrific guy, he is one of the most commercialy smart people, you remember i hosted the show called "wall street week" for fox business network we have carl on more than once, he has an unbelievable life story. you hear president-elect on campaign. he wanting to bring killers like carl icahn in to work on behalf of the american people. if that were to come to pass, i would be thrilled. i have a personal relationship with carly, and inthat president-elect respects him, but it has not been confirmed him. >> thank you for joining us. >> you can call me anthony, mr. scar mr. -- smarra meuchy is for my dad. >> thank you, merry christmas, happy hanukkah. >> refugee resettlement accelerated at a record pace in president obama's final month, u.s. will resettle more -- this phys ca fiscal year, scott walker once tried to block syrian refugees from his state, he is now asking president-elect trump for more power over resettlement. here he is defending his reasoning on fox news. >> a ref

he tapped billionaire investornv carl icahn. navarro's appointment reinforces one of the basic divisions among mr. trump's trus economic advisers that they they favor increased tradevor in restrictions.st joining us to talk about this is republican strategist jacktac burkman. always good to have you on the show. >> merry christmas guys.sh guy >> let me first start by m asking you whae t do you thinkhi about peter navarro and his qualifications to be in thisioni position. >> i think it's terrific.errifi. it's a great idea that trump th has all of these businessusiness people in the cabinet.len th that's really what's beens bee lacking with obama the last las eight years and i would say to t people even if you're --oue whether you're a democrat democ republican independent there'sne so much waist in the couryist ic right now and the waste is not i just obama it's built up overp e the last 50 years, it's reallyll time to have a business personer that can tighten the screws ther all the way around. arod. >> now when you also look at

so carl icahn, a billionaire activist investor. but in many ways, this is sort of putting the official trappings on a role we already knew he was playing with donald trump. o one of the earliest supporters, very vocal about his support for the president-elect. clearly somebody the president-elect leans on for advice and council. and now will have an official capacity in which to do that. >> we also learned today that a harsh critic of china will lead the newly create the national trade council. china being a key trade partner. what do we know about this nominee, peter know varro. >> peter is a china hawk, somebody who also was an early supporter of donald trump. and this is creating an entirely new perch from which he can exert some influence around the white house with this trade council. navarro argued against trade deficits and a staunch critic of beijing. you can imagine this will not be taken well in beijing. and clearly trump is signalling here that trade is going to be so important to his administration as it was one of the

lauren: breaking news, president-elect donald trump will name carl icahn the billionaire investor as special adviser on regulatory overhaul. icahn reportedly been advising trump on his choice for the next chairman of the sec. we have charlie gasparino with the latest from the newsroom. hi, charlie. >> this is only breaking news, if you didn't watch fox business because we've been reporting this for weeks now, and i guess now it's official because we reported a couple weeks ago on foxbusiness.com and on air that carl icahn was weighing both an official and an unofficial role. what he told us at the time when i got the tip about this, he was leaning towards unofficial role, almost 99% sure he would do unofficial role to advise trump on economic matters. that's what this is. he's going to be an unofficial adviser, an outside adviser with, i guess, a special code to the president, maybe with the president's cell phone number on it where, he's going to be talking to him and advising him on economic matters, regulatory matters. and i'll tell you what's interesting about this, in my view, y

>> carl icahn, picking the head of the s.e.c. as apparently donald trump is going to allow him to do, if that's not putting the hen, the fox in the hen house, i don't know what it is. it's by definition the fox is now in the hen house. if you let carl icahn pick the head of the s.e.c., and he does not have to divest himself of his considerable $25 billion fortune, it's like trading on inside information. >> right there, carl icahn being able to influence policy making and doesn't have to divest any part of his business, how extraordinary is this? he can -- if he can influence the epa, he can directly impact his billions and billions of dollars that he's got invested in the market. >> stephanie, it's like trading on inside information. he's going to be recommending policy, setting policy, picking the key regulator of wall street. and not having to divest himself, we talk about creating conflicts of interest. we have been talking about donald trump's conflicts of interest, his children's conflicts of interest. this is unprecedented

carl icahn called me. carl icahn's a great guy, very successful. if i put carl icahn in charge of trade with china, believe me, believe me, we do great. >> there's also some new reporting about people who are not trump's ideal candidates for administration jobs. you got to read this new "washington post" piece. it basically says the president-elect wants his administration figures to look the part. it's about presentation, about swagger and demeanor, the piece says. quote, several of trump's socials said they thought john bolton's brush-like mustache was one of the factors that handicapped the bombastic candidate for secretary of state. i can't think of anyone that's really close to donald that has a beard that he likes. >> got to watch out for that facial hair. >>> all right. less than ten days from 2017, but it's just 1,412 days from the next presidential election. i don't even want to think about that. on the democratic side, the clear front runner is someone you've probably never heard of. quote, someone entirely new is the candidate that excit

the president-elect calls on carl icahn to combat excessive regulation. it's thursday december 22, 2016, "worldwide exchange" begins right now.

i get the carl icahn effect for a day or two. if this stock trades over another couple of percent over the next couple of days, that's a name you want to buy. >> active managers who know how to deal with the etf-ization of the markets are the ones that are going to do well. you know how etfs push around certain stocks and you can take advantage. >>> ahead, trouble for a handful of stocks, we'll tell what you they are. i'm melissa lee. you're watching cnbc, first in business worldwide. here's what's coming up on "fast." >> announcer: there's something wrong with the chinese stock markets. >> what's that? >> antidote. >> to what? >> the poison you just drank. >> announcer: and why it could spell trouble for the trump rally. plus biotech continues its breakdown. but there are three stocks wall street thinks could double next year. meg terrell will break down the names and "fast money" returns. a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the

and trump also named carl icahn to a key advisory position. tom foreman is "outfront." >> reporter: donald trump's pick of carl icahn to advise him on government regulations appears aimed at getting rid of many of them. just listen to what icahn said about environmental protection agency rules. >> some people make a living studying artificial intelligence. i make it studying natural stupidity and what the epa is doing is natural stupidity. >> reporter: trump's assessment? eicoeye icahn's help will be invaluable. but icahn won't be forced to give up his mass and i have portfolio built upon investment, automotive, energy, gaming, rail car, mining, food packaging, metals, real estate. all could be affected by his regulatory reforms. so democrats are suggesting that the position is pay back for past business deals in which icahn helped trump and for icahn's political support too which clearly delighteded the candidate. >> kathat's a good endorsement. >> reporter: even those who think he might do a good job are urging caution. >> he will be watched

this is the worst kind of situation -- >> rich, i imagine you want to comment on this. >> carl icahn is a well known corporate rater. people question his business ethics for many years and i don't see how he is getting involved in picking the next chairman of the securities exchange commission. i've done a lot of work in corporate finance and bank regulation for years and to see carl icahn being put in charge of this, that looks like the fox in charge of the chicken coop. that's not a good idea. and having him not subject to any of the conflict of guest rules and being outside the government, that's even worse. i would not be doing that. >> all right. thank you, everyone. i appreciate it. >>> coming up, bill o'reilly's statements about the electoral college and white privilege shocking even some of his toughest critics. ♪ ♪ he has a sharp wit. a winning smile. and no chance of getting an athletic scholarship. and that is why you invest. the best returns aren't just measured in dollars. td ameritrade. you're so cold, come in! what's wrong? it's dry... your scalp? mine gets dry in

here's more of my interview with carl icahn. scott pruett of oklahoma and a climate change denier, scientists continue to disagree about the degree and extent of global warming and its connections to the act of mankind. i know you had your reservations about him first. you met with him four times, what changed your mind on him. >> i've spoken to him a number of times. i feel very strongly on the business side here, in other words, i like to know what i know. i think i've made a lot of money and a lot of success by being -- almost obsessively concentrating on the areas that i really feel i understand. until you make it into simplicity in choosing something, and the thing that i see with the epa is they've done a horrible job in making perception of -- in making the perception that the government is anti-business. and they've done a lot of harm to businesses. in fact, at this point there are a number of refineries on the verge of bankruptcy because of the epa's capricious actions. the epa has gone in and does does something the go

finally, billionaire carl icahn has a controversial role in the trump administration. we will dig in on that and find out what the controversy is coming up on "squawk alley." >>> as 2016 draws to a close, cnbc is looking at ways you can make money in the coming year. this hour we're going window shopping with retail. here's courtney reagan. >> retail was all about online shopping in 2016, and 2017 it may be all about leadership and policy changes. here are three predictions for the new year. longtime macy's, starbucks, and df ceos have announced they're retiring in early next year and they won't be alone. as the piece of change in retail accelerates, look for more longer-term ceo seats to change as well with a combination of retirement announcements and upheavals. look for new ceos with more diverse experience to step in. >> retailers that source clothing and shoes from overseas may have to go back to the drawing board when it comes to their supply chain. if trump talk of major change on trade, tariff, and imports regulations are realized, it could increase costs and c

built for business. >>> carl icahn is going to be joining us. normally not a call in show, but if he wants to send in smoke signals, we'll do it. just the fact we are based in new jersey. you do it well in atlantic city. pretty well, everything else seems to be struggling. >> what is the stake of american gaming? can atlantic city be saved? does it need saving? >> i've said this before on shows. there is not a gaming revenue problem in atlantic city. it is the third largest gaming market in the united states. $2.6 billion. and there's only eight of us left. so, all of us that are left are doing extremely well. the union wages and every fee and commission you pay to everybody. when i sat and tried to figure out what was wrong, that and just clagaming in atlantic city said let me give you an example. oi do more gaming revenue in atlantic city than i do in las vegas. >> you do? >> yes. >> more money in. that drops in every day. gaming revenue. the cost structure is 20% higher. my unit level is 1i%. there, it's 2%. >> now, a gentleman that needs no

carl icahn and thomas lee both said stocks would go up. bill gross nailed it on bonds claiming yields would rise. taleb said not to worry about a trump win. jim cramer was right to focus on the stock of kansas city southern. at least for now it's clear the experts in general did not see what was coming. they might have a chance to redeem themselves once january comes and trump actually takes office. back to you. >>> hillary clinton made her first visit to capitol hill since losing the presidential election. at an event honoring the retiring senate majority leader, harry reid, clienten dnton disp sense of humor about her election loss. this is not exactly the speech at the capitol i hoped to be giving after the election. after a few weeks of taking selfies in the woods, i thought it would be a good idea to come out and i'm very grateful to harry for inge viting me to be part of this celebration. >> secretary clinton used the occasion to talk about fake news, calling it a danger that must be confronted by congress and the private sector. >>

carl icahn has been very vocal about it. he has a very prominent name, so it carries a lot of weight. he is not theas only one that has concerns about the renewable fuel standard. in fact, there are others that have even deeper concerns or criticism, whereas he is asking for lobbying for what he considers a minor tweak to make the program run more smoothly for independent oil refiners, like the company he owns. -- thate others saying have even deeper concerns about the mandate. alix: mario parker, for bloomberg news. now it is time for other stories making headlines. here is taylor riggs. of the the president japanese advertising giant was resigning. he will quit, next month. forutives held responsible the death of a 24-year-old employee who killed herself on christmas day will be punished. she reportedly worked on hundred five hours of overtime over the course of a month. find ball come for a -- for my living in antitrust law. qualcomm says it will appeal. delta has canceled an order for 18 boeing 787's valued at $4 billion

. >> billionaire carl icahn could face a penalty for closing the trump taj mal had a casino. details coming up in business. >> ♪ >> ♪ >> good morning, everybody. we're looking live on our city hall cameras looking festive, isn't it? as we take a live look there and you see the roads are dry. it's cold out there but dry. let's take a live look and see what's going on on the schuylkill expressway approaching spring garden. nothing happening. light volume. eastbound traffic just a few cars headed towards the vine. the action cam was on the scene of an issue in lower merion. take a look at this. this is sprogg road at hollow road. they're doing suer repairs and sprague road is shut down in lower merion so expect delays through the morning commute. you can see they've got the big road closed sign in lower merion causing a problem there on sprague road. the bridge opening and the burlington bristol bridge still expected to happen so stick to the betsy ross bridge instead of the burlington bristol as you're headed out. just some construction on the turnpike. this is westbound be

you know the etf world as well if not better than everybody. >> i love carl icahn. i think he's got to worry about some other things. look, carl is an active investor. we know active investors have always been a little bit hostile towards investments. the great thing about etfs, they're perfectly transparent. you see every minute, exactly what you own. if you own an s&p, i think i know what i own. i own the s&p. i don't see the problem. i don't see an investment ideology conflict. >> he's not talking necessarily about the tried and true etfs that most investors are putting their money into, the sby, et cetera. he's talking about some of the more ill liquid ones that could have some genuine concerns that a good part -- a portion of investors don't know about. >> why don't they have that concern about mutual funds? there are plenty of obscure corners of mutual funds. high yield bonds, did mention that one. 3%, probably high yield bonds in the etf space. very small. most of it in the mutual fund space. and that's where the big problems are going to occur. not in etfs.

they're adding to it with carl icahn. if they kept him as a nonofficial adviser, a guy that donald trump occasionally has coffee with, that's one thing. now this opens them up to constant monitoring by critics and antagonists in washington. that will ab constant theme going forward. >> icahn's probably got 10, $15 billion. he's 80 years old, can't possibly spend it. gives most of it away, the left, that's what they'll look for if he can make an extra 100 million here or there? >> i think so. >> if he wouldn't possibly spend the 15 billion he's got and giving it away, oh, he made a couple hundred dollars. it's ludicrous. what was the other thing i was going to say, uc irvine, university of california irvine. make that -- orange county. i don't know. he might not -- >> separate from the rest of the uc system. >> i know, it's what people do. accountability. we have to watch the conflict. i understand. i just think we should keep it in the real world occasionally. it's not someone that left the white house broke and then was

what specifically is carl icahn talking about? >> i think he is talking about having greater transparency and having the commission explain why it's taking the steps it's taking and assuring people that its rationale is consistent with various mandates. >> accountability is kind of going both ways after this because there is a sense that if carl icahn is advising while investing in companies does that pose conflict of interest? what do you think about these issues being raised? >> i think that they are basically -- mr. icahn is not making policy. he is simply advising the president-elect and in particular on dealing with regulations and potentially candidates to chairman of sec. president-elects over time receive a lot of input and the public doesn't know about it. they don't know who is advising or what their advice s. in my view this is a step ahead of what often transpires and is an opportunity for the public to know who will be rendering some of the advice. >> and plenty of ceos have heard what he said about them needing more

carl icahn, the biggest shareholder in hertz global says she is the right person to lead hertz. we're looking at shares moving here after hours. keep in mind, this is a company that has been under tremendous pressure this year. shares down about 50% year-to-date. disappointing earnings, plus the rising competition from ride-sharing companies like uber, melissa. >> seema mody, thank you. host of other problems that seema had said, facing her prior to this change. >> well, listen. we're going to talk about tech and the meeting with the president in just a second here. here's a great exactly of carl icahn, a guy for all intents and purposes, looks a lot like our president-elect. they're just looking at stuff -- on the wrong side of history here. so ride-sharing is going to destroy a company like hertz, doing this. if you just look at the rise -- >> how did you just weave in -- >> it's not a political comment. it's just obvious. like look what's going on here. president is calling these tech leaders -- doesn't get what they do. doesn't have a computer on his desk. >> why do we assum

i've got to tell you, carl icahn representing donald trump for me is the best. it is wonderful. i feel like this was the dream come true. >>> silicon valley has become the home of those bitterly divided over trump presidency. an oracle manager has resigned in a fit of righteousness because oracle's ceo has joined trump's transition team. and this fellow brimming, brimming with piety. george pozner is his name posted this open letter stating, quote, i am not with president-elect trump, and i'm not here to help him in any way. in fact, when his policies bordern the unconstitutional, the criminally and morally unjust, i'm here to oppose him in every possible and legal way. wow, when you see that come possibility and righteousness, it's something. he asserted moral and legal superiority in his gush of pure wre . >>> they decided to meet with trump and she pledged that oracle will help donald trump in any way that it can. she is a leader. george is a -- i'm not going to say it. we're coming right back with much more. stay with us. >>> president-elect trump is ready to implement a tem

trump select with sec, carl icahn as adviser to donald trump, for me, this is the best. it is wonderful. and i feel -- like this was a dream come true. he -- trump was talking about it throughout campaign, and joining me now is chief economic at moody's john lonski, i hope we get a similar view. i think icahn is one of the smartest people in the country. >> you don't get to be a billionaire without being very smart. i think he will be helpful, provide trump is guidance, to how what goes about reforming business regulation, that could go far. at rejuvenating this economy. lou: as we look at what happened already, as president-elect. donald trump is having an impact. i have to believe there are people in every regulatory agency in this government saying to figure out what is their next job. i know not going to be easy to move them out. >> the optimism numbers are incredible. gallup poll with highest in its history, of course, the history is just 9 years, but that is a lot to be said. lou: market is a measure of confidence. we're watching billions of dollars flow into the m

. -- carl icahn and peter navarro. they were summoned, the two big contractors, defense contractors, to mara lago. what was the takeaway? did trump manage to win concessions from the two? >> you see this unprecedented intervention by a president-elect on a company by company level. it has had a mixed response. with boeing, he seems to extracted a promise that they will build air force 1 for less than $4 billion. lockheed martin was a contract that was inside and is largely on time and on budget. it is hard to see what is going to come out of that beside vague promises that the costs will be controlled. mark: this is an industry that is meant to benefit from a trump presidency, to increase the military spending. >> exactly. his promises to increase defense spending is great leverage for him to try to extract actual cost reduction or promises of it. rk: akahn has been named a trump advisor to roll back regulation. let's starts with conflict of interest. yes, here you have one of the most legendary corpt raiders b being a

somebody like carl icahn is a bottom line guy. look, we talked about reforming government, waste fraud and abuse, now you're assembling people that are actually going to do something. why, when they are given the mission, they are going to get the job done. look at what donald trump has done with boeing and lockheed. he's not even president yet. he's sounding the alarm. that goes beyond the companies he'll talking to. message to every contractor that deals with the united states. we are going to get the best bargain for america. >> away from the messaging, do you actually want him, you know, come in and start negotiating with each company on a bilateral basis, come on, he's the president of the united states? >> if the president sends the message, again, the two companies he spoke to, he was speaking to hundreds of companies to deal with america and he's not even the president yet and getting results. maria: they met yesterday, ceo's of lockheed martin and boeing talked yesterday at mar-a-lago. listen. >> costs down, primarily the

carl icahn: i'm a very microcosm of this. i don't control 15 businesses. i would tell you we would invest in many of these businesses if we do not have these insane regulations. david: the transition team noting carl icahn will not have to be appointed, he will not be a special federal employee. what sense do we have of his role? is a like the role they had in the obama administration or something different? he is the 20th richest man in america. he has a tremendous amount of influence and also investment and every thing from biotech energy to telecom. a stake in many of these issues were regulations are front and center. it is ah is whether paid position or an outside advisory position, weatherpersons role is has everything to do with what the incoming president once that role to be. it is a role to compete with the nec or the treasury secretary or become elementary to them. concerns from those that have thatd criticism is precisely human not be an official or a paid staff role. he can exert influence on industry without that scrutiny. david: our white ho

he is naming billionaire investor carl icahn to the investigati cabinet. he will find and get rid of rules and laws that he thinks hamper businesses. icahn told cnn, i'm not anti-regulation, but anti-the stupidity of the regulations and it has just run amuck. he wants to let entrepreneurs to secure jobs. the committee saying this is a quid pro quo 25 years in the making. in the early 1990s, icahn came to trump's rescue. icahn has a long history of financing trump casinos. >>> the transition team is said to be talking about quickly imposing tariffs on foreign imports using executive action soon after he takes office. some fear it would ignite a trade war. sources differ on whether talk of tariffs is serious or a trial balloon to gauge. trump named economist peter navarro to head the national trade council. navarro is regarded as a hawk with long, sharp talons on china. >> even the ministry of china was asked about it. >> a subtle indication. >>> another job the administration is working to fill. it is turning out to be a bit of a struggle. the former ambass

that means the law would only apply to carl icahn. even though four other casinos have shut down since 2014. he closed it after a contract dispute with the union. if he comes to an agreement with the ewan youn, the bill would allow him to regain license. >>> coach peterson will talk to reporters this afternoon after another big disappointing loss for the birds. it came down to the final play the in baltimore. but the eagle, who had just scored a comeback touchdown with seconds to go fired on a two-point conversion. they lost 27-26. afterwards, coach said he's proud of his players for persevering against the ravens. >> everybody's dejected, disappointed. and not being able to finish. you know, on the winning side of these games but that's been the peeling the last couple of weeks. they're hanging in there, battling. and you know, love those guys. >> eagles dropped to 5-9 on the season and are now officially out of playoff contention. but the eagles can play spoiler thursday night when they host the new york giants. only nbc 10 will hav

billionaire investor carl icahn will serve as a special adviser to president—elect donald trump, focusing on regulatory reform. mr icahn has criticized what he called "excessive regulation" on us businesses. he is a major shareholder in companies including insurer american international group and oil refiner cvr energy. chinese e—commerce giant alibaba is back on the us‘s "notorious markets" list over counterfeit goods sales. alibaba was taken off the list four years ago, but us authorities say the firm's online platform taobao is used to sell high levels of fake goods. the company has rejected the allegations, insisting it polices its market place better than in the past. while we are talking markets, here is how things are going in asia. interesting trade as we head towards the end of the year. japan is down by o.5%. the end of the year. japan is down by 0.5%. in the united states, and reminder of how the dow ended. whether we are going to hit that 20,000 today, we will see later. that is all from me for now. see you later. the government has announced it is going to reinvest more t

he's also joined by carl icahn, who is going to be in charge of regulatory reform. taken together those two make clear that donald trump focusing front and center on trade in china. this morning we're learning new information about a potential early executive action that donald trump is also considering. that would be proposing a 5% tariff on any foreign imports. now that is going to be incredibly controversial among business groups and protrade groups and members of the republican congressional majority, particularly who are pro-trade. that is one of the early fights that will be happening in the administration. but we just a few moments ago got word that kellyanne conway is going into the administration. she's going to be named as a counselor to donald trump, a counselor to the president. she had talked about not wanting to join this administration simply because of her young family and other things but she will now be a counselor to the president, a sign that she will be one of his top advisers when he takes office 29 days from today. >> jeff, thanks for that bit

carl icahn on yesterday has watched the market go up like yesterday in amazement at the velocity that it has since the election. starting to get a little concerned, though. let's listen. >> as the market has been running up like this, i become more hedged. being that said, i still buy a lot of things that i think are very cheap. am i concerned about the market of the short-term? yeah, i'm concerned about it. okay? this is as simple as that. you don't need me to tell you that. >> i could get on the phone to say we're concerned about the market. what is the cost of saying that. there is none. what's positive about the market? >> what kind of person says there are no concerns. everything is fine. >> obviously everyone who is in this business, especially as long as carl has, has to say there are concerns. there are things that could arise that we should be concerned with. >> between the hours of november at that time 9th when he ran home from the trump party and bought a billion dollars worth of stock. he didn't seem to be worried about much there, but the market has run up so far so fast

investor carl icahn rale rarely uses the service and warren buffet relies on an assistant for his messages. >> everything can be exposed publicly and we need the take that security. >> patterson says he's already seen an impact. >> it empowers the people reporting to me to be more than direct. >> few have any doubt at all, don't send an e-mail, come back to it later and then decide, or better yet, have a face-to-face conversation, especially for something confidential. >> but, of course, e-mails seemed leak a private correspondence, can you expect any privacy when you send one and are there steps to protect yourself and your messages? a director at the privacy center, thank you for joining us, good to see you. >> hi, thank you so much for having me. >> when you are going in to type that e-mail, should you assume that anything you write could be exposed? >> yes, i think it's wise for americans to understand their e-mail privacy threatens a variety of strierngs in addition to identity thieves and hackers the government and our e-mail service providers are compromising the confidentiality of

trump is brigg on carl icahn the business mag nate with a net worth of over $16 billion as an ad advisor on regulatory overhaul. he will be cast to bring laboratory his pledge to quote break free of xifs regulations. >>> there has been another case of alleged road rage, nearly turning deadly this time. it took place in porthappened, oregon, where police arrested a man for opening fire on a carful of kids, grazing an 8 yerl girl with a bullet. the case comes after another road rage case left one 3-year-old toddler on the dead. miguel almaguer has more. >> reporter: arrested after the shooting, portland police say joshua constantine could have killed an 8-year-old girl. firing a loaded shot into a car with two children and mothers during a road rage holiday shopping trip tuesday afternoon. >> he was very aggressive and angry. >> reporter: tina swurz was in the car when the little girl was in the car with the little girl. >> the worst thing comes when a little girl says, ma'am, he shot me. >> oh my good! >> reporter: local police are trying to find road rage gunman who murdered little ason