i want to thank greg hayes, chairman and ceo of united technologies. thanks so much for your time. >>> coming up -- markets have weathered a lot of uncertainty about the incoming trump administration with averages hitting all-time highs could recent developments mean the honeymoon is over? cramer eyes the industries that could catch the ire of the president-elect. find out who when "mad money" returns. i am benedict arnold, the infamous traitor. and i know a thing or two about trading. so i trade with e*trade, where true traders trade on a trademarked trade platform that has all the... get off the computer traitor! i won't. (cannon sound) i won't. why pause a spontaneous moment? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help rig

you know, i don't know if you know, united technologies is one of the top 50 companies in the united states. and one of the top companies anywhere in the world. they make many other things other than air conditioners, believe me. their list of companies is unbelievable. i called greg hayes. i heard of him, but i never met him. and he picked up the phone, mr. president-elect, sir, how are you. it's wonderful to win, you know? think if i lost, he wouldn't have returned my call. [laughter] i don't know. where is greg? if i lost and called -- i don't think you would have called. i would have tried, but i think it would have been tougher, right? be what do you think, greg? he's sort of nodding, yes, you're right. [laughter] but i called greg, and i said it's really important. we have to do something because you have a lot of people leaving. and you have to understand, we can't allow this to happen anymore with our country. so many jobs are leaving and going to other countries. not just mexico, many, many countries. and china is making so much of our product that we'reç closing up a lot

especially when national security is involved as it is in some of these united technologies contracts. so he has to strike a sort of measured tone here. he doesn't want to be throwing markets into flux, threatening companies. he wants to come off as having achieved something without appearing to port the american economy at risk the way things are done into plux so it will be a bit channeling. i think that's why we're seeing a bit of emphasis on the state incentives even though they don't amount to much here. it's sort of a carrot-and-stick approach that trump gets to talk about and brag about now. >> david gergen, it's interesting eric used the word "brag." you have to be care informal your language saying "see? told you in february, maybe the deal isn't the same as i said but i'm saving you your jobs." >> i think he would be so much better off if he doesn't brag, if, in fact, he's grateful, he's grateful to the leadership of carrier, of united technologies and the good people in the state and the governor and others in the state who made this happen. he should stand back and not tak

when you have united technology, a big industrial military conglomerate, owns carrier. united technology benefits from huge government contracts and it is sending jobs overseas. that is how globalization is working. to be able to extract the concession for them is really remarkable. >> it is. you know, we said this several times. we don't know all of the details here. is this something that has to do with carrier or all of the government contracts for united technologies? there is a lot of leverage the government would have. >> it may be a promise by donald trump. i'll fix corporate tax. i'll have a more business friendly environment. look. let's open the dialogue here. you give me this and i promise you we will start off on the right foot. >> right. it is a president we see who is doing deals and getting into the nitty gritty and saying let's do this one specific thing. i want to keep these specific workers here. how can we do that? that's the kind of thing we have not seen before. >> do we know if trump is talking to other companies? >> i'm sure he is. >> is this a su

obviously united technologies gets a lot out of this. they get a $7 million tax break over seven years so a lot of people like bernie sanders are going to say this is corporate welfare and this is going to cost the state an awful lot of money, which it will but what trump did was lay down the gauntlet and he said you can either leave the country or i'm going to tax you heavily at the border. we've heard that before. we've heard about 35% tariffs coming in so i have to wonder in that phone call with the ceo whether not only were there carrots offered but maybe some sticks bandied about as well. >> one of the questions as far as the criticism is how many carrots can be offered? how many times can the president pick up the phone and do a deal with a potential plant or company or what have you. >> and who foots the bill. >> exactly. which was part of bernie sanders' piece tin the "post." john, indiana boy, how are you responding to the news and the president-elect we just heard from? >> well, the initial news, brooke, was very shocking when

carrier is owned by united technologies. united technologies makes aircraft parts. the unknown here is this. did donald trump threaten to pull federal defense contracts from united if it didn't save those carrier jobs? >> it didn't even have to. you have the president-elect of the united states calling the ceo of united technologies. united technologies had some almost $6 billion of contracts with the federal government, and on the campaign trail donald trump has said i'm going to put a tax on that company. i'm going to tax them for sending jobs overseas, and then bringing the product back to the united states. so if you're the ceo of united technologies, what do you do? you play ball with donald trump at this point. that's what's so remarkable at this point. we haven't had a ceo or a president rather who's been able to make a company keep jobs in the u.s. what were the sweeteners here? why did they do it? united technologies says it was state incentives that were a very big factor here. but many are presuming that donald trump has said look this is going to be a bu

trump along with mike pence along with the ceo of united technologies. so, when all of them arrive, it will be interest tog see what kind of reaction is here, especially when ceo makes a comment or two, which we are told he is going to. so, that's the scene here at the carrier plant and i know we are waiting for mr. trump's plane to land here in indianapolis. but when you look at this deal that's been worked out here, it's an interesting situation because initially, they said well, we've saved the jobs of united technologies workers of the plant. they're staying in indiana. not all of them. 2100 o were scheduled to go to mexico from two plants. 1400 at this point. 700 at another plant in huntington, indiana. that plant is huntington is still closing as planned. those 700 jobs going down to mexico and of the 1400 jobs here at this plant, a little over 1,000 will be saved. still not clear exactly which of those workers of the 1400 will end up losing their job as they certainly restructure business here, so it is an interesting vibe talking with some of the

technologies, to keep the plant open. >> united technologies and carrier stepped it up. and now they're keeping actually the number is over 1100 people, which is so great. >> reporter: the carrier jobs deal calls for one of two plants in indiana to stay open, preserving more than a thousand jobs. but a carrier facility in huntington, indiana, will still close as planned, he thougelimi 700 jobs. the company will get 7$700 million in tax breaks. the company stays in the good graces of the trump administration. as for the workers who feared losing their jobs, a sense of relief. >> it was shocking. it seemed surreal, phones going off and people telling me our jobs are being saved. it was just crazy. it was just surreal. >> they didn't start clapping, they started talking and being happy that they would be able to maintain their jobs, their homes, and take care of their family once again. >> reporter: but what happens to other manufacturing plants scheduled to close? will donald trump call those companies and pressure them to reconsider shipping jobs to mexico? after getting

they're talking about united technologies, who they buy airplane parts from. they're saying that contract could be threatened too. that makes economic sense. when you talk about tax breaks, don't we want more tax breaks? i don't need the government taking a bigger chunk of their money. they waste it, they don't use it well. it also has to make economic sense down the line which means they have to make the a good client for keeping the jobs here, making it profitable. >> and charles, the treasury secretary nominee said yesterday that this is simply trump picking up the phone, a potential president picking up a phone kacalling a ceo. >> yeah, mike pence spearheaded this, but donald trump getting personally involved, it was a big difference maker. they do a lot of business. i read $6.7 billion worth of business with the government between a few of their -- they also have a lot of money off shore into what has donald trump been talking about? his broad picture. lower taxes, bringing back that money without penalizing these companies. and fewer regulations. that's

unite technologies is one of the top 50 companies in the united states. and one of the continue companies anywhere in the world. they can make many other things other than air conditioners. so i called greg hayes. i heard of him but never have met him. and he picked up the phone, mr. president-elect, sir. it's wonderful to win. if i lost he return my call. if i lost and called me, i wouldn't have -- he wouldn't have called. he is nodding, you're right. but i called greg and i said it's really important. we have to do something. because you have a lot of people leaving. and you have to understand we can't allow this to happen anymore with our country. so many jobs are leaving, and going to other countries. not just mexico. many, many countries. and china is making so much of our product we're closing up a lot of plants, and i wrote down some numbers that are incredible, but in the numbers of manufacturing jobs that are lot, especially in the rust belt, and the rust belt is so incredible, but we're losing companies as -- it's unbelievable. one after another

united technologies stepped up. they did it in a nice and professional way. they are going to spend so much money on renovating this plant gregg, say that number. $16 million. the minimum number is a lot more than that. well, i rather say the lower number. i rather him say the higher number so i won't say it. it is just difference in philosophy but they are going to spend more than 16, they're going to spend a lot of money in the plant. companies are not going to leave the united states anymore without consequences. not going to happen. it is not going to happen. [ cheers ] [ applause ] >> i will tell you right now. we are losing our -- we are losing so much. one of the things we'll be doing is lower our business tax from 35% hopefully down to 15% which would take us from the highest tax nation visually in the world, this is terrible for business to one of the lower taxes. the other thing we are doing is regulations. i asked gregg and your folks, you would say regulations maybe worse for you than the high taxes which is the biggest surprise of the whole polit

well, the united states government has a lot of leverage. $6.7 billion in contracts with united technologies through the defense department, and most believe, look, it's pretty clear that united technologies wants to stay on the good side of the trump administration. here are some of the workers here at the carrier plant talking about what this means to have their jobs staying. >> it was shocking. i mean, it just seemed surreal, you know, the phone's going off and people telling me that our jobs were being saved, and -- it was just crazy, just surreal. >> they started clapping and started talking and being happy that they would be able to maintain their jobs, their homes, and take care of their family once again. >> reporter: again, we will hear from president-elect donald trump a little bit later on today. no doubt, carl, it will be a raucous crowd filled with workers who are happy to know that their jobs, at least some of them, are staying in indiana. back to you. >> thanks so much, phil lebeau. i'll take it from there. still to come on "squawk alley," forget wall street. why main street's

united technologies is one of the top 50 companies in the united states. they make many other things other than air conditioners, believe me. >> in fact, he's right. united technologies also has billions of dollars in defense contracts with the federal government and sources familiar with the negotiations say that was a motivating factor. united technologies gets 10% of its revenue from the federal government. inside this deal with united technologies, $7 million in financial incentives over ten years from the taxpayers of indiana, the home of vice president-elect mike pence. that money comes in exchange for a guarantee that carrier retains at least 1,000 jobs and invests $16 million into its indiana operations. still, according to "the wall street journal," 600 jobs from that particular plant are still destined for mexico and cnbc reports 700 jobs will still be lost when a plant in nearby huntington, indiana, closes. during his speech trump also vowed to slash corporate tax rates and regulations he says are hindering american business and spurring an exod

it's reported to be $700,000 but that's a drop in the bucket to a company like united technology. the bottom line is this, guys. you do not want to see a new administration starting and having an attitude of about a particular company if you're the ceo of united technologies, and that's why i think they ultimately said, let's make a deal to keep this plant own. >> big event tomorrow at carrier's headquarters. what can we expect? >> reporter: a lot of congratulations. a lot of hand-shakes and smiles. and a lot of workers. and we'll be there talking with them. a lot of workers saying, "thank you, donald trump," for keeping this plant here. >> what about other companies that perhaps had considered moving some of their plants to mexico? he was very -- the president-elect was very critical of ford. >> right. >> do you expect a change in attitude on a broader corporate level, phil? >> reporter: i think it depends on the company. we reached out to six different companies that have either started the process of moving plants down to mexico or going to be moving some jobs in production the

technologies, a major defense contractor now avoids angering the new administration. >> 10% of united technologies' business, more than $5 billion, comes from the u.s. government and the pentagon is united technology's single biggest customer. >> robert james who has made furnaces for 18 years, has questions, too. >> we need to know what's behind it. is there anything that's going to be asked of the union. >> but for jt bray, raising a young saying it's a christmas miracle here. we get to keep our jobs and i'll be happy. the kids will be having a good christmas, we won't have the worry of daddy won't have his job. >> tomorrow the president-elect and governor pennsylvania will be here to tour the carrier plant and talk to its workers. left centre. >> kevin tibbles in indianapolis, thank you. >>> still ahead, new details in a kidnapping mystery that has captured much of the nation's attention. what a mother of two is now telling police >>> new details in a bizarre mystery in california. authorities are hunting for two kidnappers who abducted a mother and held her for three weeks. invest

frankly, thanks to the confidence of gregg hayes, united technology and bob mcdonald. carer carrier has decided to stay in the united states and we'll keep more than 1,000 jobs right here in the heart of the heart land. [ applause ] what a deference a year makes. the truth be told, job announcements are a daily thing here in the state of indiana. we are at record employment hoo work than ever before. that day of february 10th, was our breaking day. carrier made the difficult decision to close this facility and move jobs out of our country. we made with the leader with our company back in march and making the indiana case that it was cleared that the dire were cast. we are literally driving jobs out of this country. what was missing was cleared to me as your governor, what was missing was leadership and change. well, the american people voted for change last month and even before taking office, our president-elect, provided real leadership that made the difference. [ applause [ applause ] president-elect trump did just what he said he would do. he picked up the phone. i

in a deal with united technologies, the parent company of carrier, trump announced 1100 jobs at their indiana factory will not move to mexico. in exchange, the company will receive $7 million in tax credits and training grants over the next 10 years. while it's great news for workers whose jobs were saved the 1100 number is misleading. , it's more like 800 jobs that will remain. approximately 550 union jobs will still go to mexico. 300 more jobs were never scheduled to leave. and a second united technologies plant in huntington is closing, and it is moving 700 jobs to mexico. james pethokoukis is an economist at the conservative american underpriced institute and he has called this deal , chilling. nice to have you with us. james: i appreciate it. soledad: so the responses have been divided between people that were cheering hey, jobs were , saved, and if you are one of the 730 to 800 people whose jobs were saved there, to others -- that is an amazing thing to , others bemoaning the way this was done. where do you stand on it? james: i'm concerned. i want make companies making decision

was it united technologies or donald trump and the federal government? >> it's what we'll be visiting if those phone calls will be made, chuck. the candidate certainly made a focus of his campaign these jobs in indiana and their potential for going to mexico. you also had a unique situation in that united technologies, as you pointed out, as we pointed out, of course, is a big defense contractor. it's got about $6 billion in revenues that basically is tied to the u.s. government. and what i have reported, and i have heard from people who are familiar with what went on here and the deal that was put together is the concern of starting off on the wrong foot with this administration was far larger than the loss or the cost savings, i should say, that would have accrued to united technologies carrier unit from moovrg the moving these jobs to mexico. >> that made a lot of sense to me that trump owns that kind of leverage. i'm curious, what are you hearing in the business community about this tactic? it is clear to me this is how donald trump is going to opera

and a second united technologies plant in huntington is closing, and it is moving 700 jobs to mexico. james pethokoukis is an economist at the conservative american underpriced institute and he has called this deal , chilling. nice to have you with us. james: i appreciate it. soledad: so the responses have been divided between people that were cheering hey, jobs were , saved, and if you are one of the 730 to 800 people whose jobs we -- that is an amazing thing to , others bemoaning the way this was done. where do you stand on it? james: i'm concerned. i want make companies making decisions based on what is best for their customers and their shareholders, and over the long term, what is best for their workers. what i don't want is businesses making decisions on the whims of politicians including the , president of the united states. this is kind of a weird situation where we have a business telegraphing or sometime the economics, and to be competitive, they need to be making products somewhere else where labor costs less, and they made that decision. and the president decided, you know

but i will tell you that united technologies and carrier stepped it up, and now they're keeping, actually, the number's over 1100 people, which is so great. which is so great. [applause]

united technologies is a major military contractor. donald trump is planning a huge military buildup. and you can bet that there's going to be some quid pro quo there. in addition, united technologies has about $6 billion parked overseas in tax jurisdictions that actually provide very low taxes, and united technologies is very hopeful that there's going to be a deal struck to repatriate that money back to the united states at very, very low tax rates. and you can bet that that was also in the background of this deal. >> the, there are many things about the deal that are peculiar to say the least, and you couldn't replicate them in other situations like this around the country. and also, the very tiny number of jobs here that was involved. what president obama did for example with the auto industry, saving over a million jobs never got the kind of media splash that these 800 jobs got today. >> well, that's right, and don't forget, i mean donald trump is a showman. he is a barnum & bailey put together. so if he saves 800 jobs it's going

united technologies does not need a tax break. united technologies today has $6 billion in defense contracts. and what trump should tell them is you're not getting a tax break, you're going to lose your defense contracts if you don't do the right thing and keep these workers, all of these workers here in indiana rather than sending half of those jobs to mexico. >> so two questions on that. on that last thing, i mean, you have -- if i'm not mistaken, you have actually called for a policy to be enshrined much like the federal contracting policy on paying a living wage that would essentially enshrine a policy that if you're getting federal contracts you can't do this kind of outsourcing. is there a danger, though, is there a difference between enshrining it as policy and this ad hoc approach. is there a danger of abuse of essentially the president calling up various companies in the way that he does here? >> well, i don't mind a president being aggressive in trying to protect jobs. i think that's a good thing. what i think is an absu

you know, look, united technologies is a huge defense contractor. donald trump is not president yet. so what is it that he promised united technologies and is it a defense contract, a pentagon favor? we have no idea. i think he owes it to the american people to give more details, to tell us what it was that kept them there beyond just the bully pulpit of the presidency, which by the way is a good thing to use. >> he says he's going to do that on thursday. i want to ask you this, hillary. this is what charles tweeted. he said, trump dusoes a still secret deal to save carrier jobs. media fawns. obama saved 1 million jobs with auto bailout, #barsettoolow. >> i don't think that charles is correct. i think president obama did get a lot of credit for saving a significant portion of the auto industry. and it is also true, though, that president obama has created over a million new factory jobs even in an environment and economy where technology is what is threatening is jobs more than anything else. donald trump is inheriting a fairly good economy. yes, as

in essence united technologies, the parent company, took trump hostage and won. is that what happened here? >> he's saying they won. look, let's be clear. united technologies also has almost $6 billion of government contracts with the federal government. if you are the ceo of united technologies and donald trump, president-elect, has already said he's going to tax -- put tariffs on your company and calls you up and says why not leave some of your jobs there? what do you say? you say yes. because you're about to go into a position where a lot of their revenue, the parent company's re new com revenue comes from the federal government. this is a sign of how these companies want to play ball with the administration because of how tough he was on the trail because of trade. the question is, do you have a few companies like this, and i have no doubt donald trump and his team were talking to other companies right now who are moving jobs overseas, but if you have a few of these really good optical plays for the donald trump narrative, does that take the heat off of some

so united technologies has stepped up and i have to say this. they did it in such a nice and such a professional way. tla going to spend so much money on renovating this plant. i said say that number. he said 16 million. the minimum number is 16. it is going to be in my opinion a lot more than that. he said i would rather say the lower number. i would rather have him say the higher number so i won't say it. it is just a difference in philosophy. both are okay. they are going to spend more than 16. they will spend a lot of money on their plant. i said to some folks i said companies are not going to leave the united states anymore without consequences. not going to happen. not going to happen. i'll tell you right now. we're losing so much. so one of the things we are doing to keep them is we are going to be lowering our business tax from 35% hopefully down to 15% which would take us from the highest taxed nation virtually in the world. this is terrible for business, to one of the lower tax. not the lowest yet but one of the lower. the other thing

. >>> and the united technologies ceo who went head to head with the president-elect said there was no quid pro quo for carrier. it's tuesday december 6, 2016. "worldwide exchange" begins right now. ♪ >> good morning. welcome to "worldwide exchange" on cnbc. i'm sara eisen. >> welcome back. >> thank you. >> feels like a long week. >> did you miss me? >> i did a little bit. that's it for december now. >> i he was disappointed to miss the latest european -- >> you're here until christmas? >> for the rest of the year, all the way. new zealand, dollar move, i missed all of it. >> that was a bit niche, not for you, i suppose, but a bit under the radar. >> political instability over there as well. >> i'm wilfred frost. let's check in on the markets at this hour. >> u.s. equity futures after another rally yesterday where the dow closed up about 40-something points. >> another rally yesterday after declines last week for the first time in four weeks. >> since the election. we got a bit of a rally going yesterday. s&p near a record, the dow finishing at a fresh record. the gains set to contin

he said in part trump was planning to force united technologies, to pay a dam tax. in essence they will be awarded with a damn tax cut. united technologies took trump to the market and won. >> donald trump is going to remedy the structural problems we face. donald trump by saying he wants a 15% corporate tax rate, that actually creates jobs. it creates business. wealth. creates more revenuely which you can invest and employ more people. and i think donald trump will fix those structural problems. there is no question. and the proof i have is that carrier was offered similar incentive bis the state of indiana. they didn't take it because they didn't believe in the philosophy behind president obama but they believe in the philosophy behind donald trump or -- >> or they are scared of president donald trump who's going to control the defense budget of which a vast majority of united technologies business comes from. >> you are going to look at what, $68 million versus i don't know how many tens of billions at stake here. so that makes sense. >> totally makes sense. in b

united technologies is a major military contractor. donald trump is planning a huge military buildup. and you can bet that there's going to be some quid pro quo there. in addition, united technologies has about $6 billion parked overseas in tax jurisdictions that actually provide very low taxes, and united technologies is very hopeful that there's going to be a deal struck to repatriate that money back to the united states at very, very low tax rates. and you can bet that that was also in the background of this deal. >> the, there are many things about the deal that are peculiar to say the least, and you couldn't replicate them in other situations like this around the country. and also, the very tiny number of jobs here that was involved. what president obama did for example with the auto industry, saving over a million jobs never got the kind of media splash that these 800 jobs got today. >> well, that's right, and don't forget, i mean donald trump is a showman. he is a barnum & bailey put together. so if he saves 800 jobs it's going

2015 was an abysmal year for united technology. seems to have found its footing. reporting in the middle of january. industrials seem to be getting their legs back. to me, here is a stock at 107.5, has all the potential to trade back to the all-time high at 125. that's how i look at it in terms of the political ramifications. >> if they are going to get a little more favorable of a look the next federal contract that comes up -- >> who cares? i mean -- >> i'm not saying it's bad or good. i'm saying from the standpoint of a utx shareholder, may have done the right thing. >> let's look at the underlying businesses under a lot of pressure, otis, pratt. i don't think the company is particularly cheap and hasn't rallied when this supposedly good news has been there for them. i'm neutral at best. >> the press conference -- >> you know what -- >> i mean -- >> in july, pratt and whitney got an $873 million contract from the u.s. defense department. this is like -- you i can't believe i'm saying this. sarah palin said it. she's -- being thought of as somebody who could be

and here the reference is to united technologies, the parent company of carrier. they do a lot of defense work. the theory on part of the employees here is maybe donald trump implied that if they moved to mexico, carrier, that is, then united technologies may no longer get those big defense contracts. and that would be a pretty big stake. but that's just speculation. maybe we'll hear the details tomorrow when trump and vice president-elect mike pence is here, who is the governor of indiana. >> thank you, i appreciate that, martin savidge. joining me now is a new york post columnist who was here last night and quickly left us. she's in pittsburgh. we missed you here on the set. donald trump got great headlines and "the new york times" called it a powerful tactical strike. this deal is a win for donald trump? >> absolutely. optically, it's a great deal and for the workers that are going to be able to keep their jobs and to keep the ancillary impact, the economic impact. when this was first announced, the state said they were going to lose $100 million in economic im

trump graciously united technology and subsidiary carrier air-conditions for working with him to save those jobs. he also made it clear he was not elected to do business as usual. from here on country who do jobs in other countries will pay a big price. >> they are not taking people's hearts out, they will not be announcing, like they did at carrier. that they are closing up and moving to mexico. >> i can't tell you how long i waited for a national leader to say those words. millions of workers no matter who they voted for after hearing those words, tonight, they know they will soon have the right man in the oval office. we have an a-list guest lineup tonight. ed rollins, randy evans, congressman chris collins, and jeff dewitt with us, president-elect trump already at work to keep his campaign promises but exceed himself, he is already leading the nation. it was 5534 days ago that donald trump launched his campaign for the white house promising to be the greatest jobs president ever. >> because the greatest social program is a job. and they will be proud, they will love it they will m

of the parent company, united technologies, and promised corporate tax rate reductions that would far exceed the $65 million the company would have saved through outsourcing. >> it start was an attitude, ok, of this administration, this president, this vice president-elect, ok, is going to have open communications with business leaders. >> reporter: mr. trump's deal with carrier also covers headquarters and engineering staff and the company says it will make new facility here. >> just last week we was just sitting down like what are we going to do next year? so -- >> reporter: erika ferguson's husband has worked there for 15 years. she believes the deal will help make him to retirement in 15 years. >> i didn't vote for him but i support him because it's helping me and my family. >> united technologies gets 10% of its revenue from federal contracts. the company hasn't said if those contracts played a role in its >> brian: president-elect trump will also travel to ohio for a rally in cincinnati. it's the first stop on his thank you tour that will also make stops in iowa and michigan nex

we're told he was directly involved, actually meeting with the ceo of united technologies. as the governor of indiana, mike pence chairs what is called the indiana economic development corporation. he's the head of that. that is the state agency that dolls out these tax incentives. mike pence was crucial to make this happen. >> i want to bring in peter alexander who's at trump tower. even though the president-elect is getting back on the road, he has spent days, weeks really, sort of hold up at what some can white house north, looking for cabinet picks. tell us who you've seen at those gilded elevators today and this next week? >> reporter: the gilded elevators, revolving door. donald trump has left here but a lineup of folks we saw entering the building a short time earlier. larry king, popular, legendary broadcaster seen in the building a short time ago. said he was here for a coffee. unclear if that was with donald trump. arriving earlier, whisked upstairs by new national security adviser to president-elect trump was former secretary of defense, bob gates. he was a huge

the new administration. >> 10% of united technology's business, more than $5 billion, comes from the u.s. government. and the pentagon is united technology's single biggest customer. >> robert james who has made furnaces for 15 years has questions today. >> we need to know what's behind it. >> for jt bray, raising a young family, relief. >> some people are saying this is a christmas miracle that we get to keep our jobs. our kids will have a good christmas. >> our thanks to kevin tibbles. >> it is one of the most iconic holiday traditions in the big apple and for the nation, for that matter. >> five, four, three, two, one. go! >> that was the scene right outside our window here. you have alec baldwin and kate mckinnon who helped flip the switch on the rockefeller christmas tree. it was soaking wet and they couldn't bring in their umbrellas. they had to leave them at the barricades. they all came for the star-studded event. after the holidays, what happens? it will be milled into lumber for habitat for humanity. while the tradition dates back to 1931 when workers decorated a 20-foot tr

you know, we saw united technologies, what else have we seen? right? i mean, there's a lot of stuff in the papers today about how things won't get done that we thought would get done. papers are very negative right now. i just care about funds coming in because when i see these big cap stocks like an exxon or chevron, it takes a lot of capital to move those stocks. you can't just buy those stocks and not have to sell something else. and that's what they're doing. >> right. i mean, listen, we've been waiting a long time for this kind of spike in yields. >> yes. >> if you're in a bond fund, maybe not the best of times. >> no. and those bond funds -- >> are you going to look at that and go, oh, time to get out of bonds and into equities. oftentimes people make the move at the exact wrong time. >> right. but i think like carl said december's been a tough month. you need better distribution of where the money's going. that's all i'm saying. you can't just take up anadarko every day. come on. i mean come on. >> okay, i'm coming. i'm with you. >> just barges.

or was that done by carrier and united technologies. >> that was united technologies and mr. trump. but no, i wouldn't have any problem at all working with him or anybody else in order to try to keep jobs in this country. you know, all of us are going to disagree with on certain things at certain times. but if in fact he decided he wanted to include me or us in a process of keeping 550 remaining jobs, i would definitely work with the man. >> well chuck jones, i appreciate your time. thank you very much. >> caller: i sure appreciate you giving me opportunity to explain my side of it. >> chuck jones joining us again, his response. richard, what do you make of this? even what he said and he had some pretty unpleasant words to say about donald trump as well. the bottom line is still willing to work with him. >> absolutely. >> everyone though donald trump just said this. >> because donald trump agenda is still his agenda, which is to save american jobs and to bring american jobs back. and that shows i think huge magnetism of chuck jones and the union workers in this respect. >> -- still

technologies gets 10% of the revenue from federal contracts. the company has not said if those contracts played a role in its decision to keep the jobs in america. kenneth craig, cbs news, indianapolis. >>> a dramatic hostage rescue this morning during a florida bank robbery. an armored s.w.a.t. truck blocked the entrance to the bank in jacksonville. police say the robber entered the building and took 11 people hostage! two people hid from the suspect. they were able to make a break for it. that distracted the suspects and that gave s.w.a.t. officers a chance to get inside. the suspect was arrested and everybody was released unharmed. >>> new at noon, the airline involved in a crash that killed 71 people including members of a brazilian soccer team have been suspended. this was the scene monday after the plane went down in medellin, colombia. six people survived including two team members. shortly before impact, a member of the flight crew told air traffic controllers the plane was out of fuel. now the bolivian civil aviation authority is suspe

>> i think that united technologies is a very big company with a big global reach. i think that if he can take on united technologies and they basically say, you know what, mr. president-elect, you're right, we're going to change. i think you have to be very careful if you're in the government, if you're in a company and not to get another call from the government. look, can he call 100 companies? i don't think he has to. if greg hayes wants to play ball, who the heck are they not to play ball? i mean, honestly. this guy is one of the most important industrialists in the world. i don't think the other people should reach it. i have to tell you, maybe mark fields at ford is negotiating with donald trump, but the art of the deal, an amazing book, by the way, makes it pretty clear that trump gets his way in business. how about when he's president? >> but if you think about it, he didn't entirely say, listen, i just went with whatever trump told me. he did acknowledge you cannot fight globalization. free trade is here to stay. >> the genie of globalization is not going

sources add united technology, a major defense contractor now avoids angering the new administration. >> 10% of technology comes president the u.s. government and the pentagon is united technology's single big customer. >> michael james that made furnaces for 18 years has questions, too. anything to be asked of the union. >> reporter: for raidsing a young family, relief. >> some say this is a christmas miracle here. i'll be happy the kids will be having a good christmas. we won't have that worry of daddy won't have his job. >> our thanks, to kevin tibbles. >>> it is one of the most iconic holiday traditions in the big apple and the nation, for that matter. >> oh, that was the scene right outside our building, just steps away, you had alec baldwin and indicate mackinnon who helped flip the switch top christmas tree. revelers didn't let the rain get in the way. after the holidays being 94 foot a. norway spruce will be mild into luck ber for habitat for humanity. decorated a tree on the construction site. we all know we look forward to it her and fighting the crowd. >>> just ahead, inves

united technologies has stepped up and i have to say this. they did it in such a nice and such a professional way. and they are going to spend so much money on renovating this plant. and i said greg, say that number. he said 16 million. well, the minimum number is 16. it's going to be, in my opinion, a lot more than that. he said well, i would rather say the lower number. see, i would rather have them say the higher number so i won't say it it's just a difference in philosophy. do you agree? both are okay. but difference in philosophy. they are going to spend more than 60. they are going to spend a lot of money on the plant. i said companies are not going to leave the united states anymore without consequences. not going to happen. it's not going to happen. [ applause ] i will tell you right now. we are losing so much. so, one of the things we're doing to keep them is we're going to be lowering our business tax from 35%, hopefully down to 15%, which would take us from the highest taxed nation virtually in the world. this is terrible for busin