i'm not saying don't, you know, enjoy the trump economy. just don't structure your portfolio for it solely. [closing bell rings] liz: kim forest, fort pitt capital thanks for being here. markets close higher. there is the bell. melissa and connell pick it up here for after the bell. >> liz, thank you very much. the trump rally is rolling on. nasdaq shy of new record high. i'm connell mcshane in for david asman. melissa: i'm melissa francis. this is "after the bell." what else we have for you coming up at this hour. busy day at trump tower as president-elect announces his pick for three more high level positions in his administration, including a man tasked with taking down obamacare. that will not be easy. plus could john allison be the next treasury secretary? former head ceo.

he is on short list for the position. somali student that attacked a dozen people at ohio state university with a butcher knife, what he reportedly posted minutes before that attack. consumer confidence all that coming up. dow continuing climb up 19,000 mark. we have trader scott shellady at cme. ashley webster at the new york stock exchange. >> so close, connell. 19 points shy of a record close. it would be 13th of the year. certainly fourth since the election. not too bad though, overall the nasdaq during the session today, went above 5400 for the very first time. of course it is a very tech-heavy index.

with that in mind, microsoft today had a very strong performance. very close to 6112 would be all of had time record close. coming very close to that. tech stocks suffered more than other sectors with a donald trump win. it was considered, what does donald trump feel towards silicon valley? we have seen the sentiment turn around. more money going back into tech. face it, they have been big growth drivers. defense stocks hitting all lifetime highs today. general dynamicses l 3 communications and -- l-3 communications. northrop grumman has been up from the 50% from the february lows. another sector of the stock market that is seen doing well under president-elect donald trump. soon to be we assume, president, starting off in 2017. we didn't hit a record today, but certainly the tech-heavy nasdaq putting in a very good performance, connell. connell: thank you, ashley.

on the oil story i mentioned a few moments ago, it took a hit ahead of opec meeting, down by a 1.83. so it is a big drop. nearly 4%. investors, what do you think, what are we expecting tomorrow? what about this day today? >> you're right. at some point today it was 4% move. that is huge. it is binary outcome. deal or no deal. sounds like a tv show to me. more than a tv show, starting to remind me of you watching the elevator at the trump tower, because we're lurching from one headline to another, iran, saudi arabia. it doesn't really matter until tomorrow. i will say right now market expecting 30% chance of a deal. they're a little negative. large reason why we had sell off. melissa. melissa: economy grew faster than the expected in third quarter. 3.2%. the economy is only grown 1.8% under president obama.

jonathan hoenig joining me of capitalist pig hedge fund. he is fox news contributor. dan henninger of "wall street journal." let me start with you. i'm suspicious of the 3.2% number. what do you think of that one? >> i know why you're suspicious. how could we get that much growth after eight years of subpar growth under barack obama. i've been wondering about barack obama's weirdly high approval ratings. they're up around 55%. this may have something to do with it. there was stronger economic consumer sentiment through the third quarter and that transferred into obama's support. now, that said, this is going to be a terrific springboard for donald trump if you true. melissa: right. >> if he goes through with the reforms, on taxes and deregulation, he could power us way past that 1.8% average obama growth rate. melissa: jonathan, that would be really good fortune for him. if he came out of a springboard of of 3.2 to 4.

hard to believe we're doing 3.2. >> that is frustrating, melissa, how could you trust any number in economy so decidedly controlled over last eight to 10 years. you mentioned it has been a terribly slow recovery. it has been a tremendously controlled recovery. forget clash for clunkers. go back to the bush stimulus checks. going back a decade ago. what this economy needs, you alluded to it, economic freedom, lower taxes. regulations. if trump gets that done, we could see, forget 4% growth. we could see much higher than that. connell: guys has something to do with the president-elect in some ways is tiffany's, right? flagship store in tiffany's right next door to, blaming mr. trump in some ways or security around the building for a drop in sales. they say that may go on for some time. i think they do like 8%, dan, of

their sales out of the flagship store. >> right. connell: i understand foot traffic being down. you can walk into tiffany's. i should know i've been standing outside trump tower for weeks now. you can walk in on fifth avenue. you can walk around and walk into thumb tower if you want, nobody stopping you. maybe people don't know that. interesting that it would be much of an effect on business, what do you think of that, dan? >> i think people are scared off. you have to go through a police check. donald trump want to step in here get this settled between the secret service who lock down areas of a president and nypd who has experience with lots of heads of state. i don't think donald trump wants to personally responsible for private sector companies getting tanked during the holiday buying season. connell: right, mayor of new york showed up, bill de blasio, gucci, tiffany, not my big concern. during this season it should be a big concern how businesses are doing or maybe more to it.

what do you think of the story? >> gucci and tiffany that make america great. it is american enterprise that makes america great. i have got to tell you, connell, president-elect has a lot of chutzpah in this sense, we have washington d.c., it is not a state because that is where government is supposed to be. white house is where the president is supposed to be. if he wants to do a new york city a solid confine his affairs to washington, d.c. and not tie up all of midtown manhattan and hurt all the businesses. >> day of disruption. employees striking all oaf the country, demanding minimum wage boosted to 15 bucks an hour. donald trump hasn't weighed in today. here is what he had to say about the issue on campaign trail. >> the minimum wage has to go up. people are at least, $10, but has to go up, that is states, it is federal. states should call the shot. as an example i live in, no. it is very expensive in new york. you can't buy a hot dog for the money you're talking about. melissa: trump knows because he is always out on the street

buying street meat from those hot dog vendors on central park. dan, haven't you seen him out there. >> absolutely. no, i saw him last tuesday driving by me on the way to 21. he had 15 black suvs, as i was walking up fifth avenue. that is more of his cuisine. new york has $15 minimum wage. andree cuomo signed it into law. if liberal places like new york want to experiment with $15 minimum wage. trump is right. let the states take the lead. decide what they can afford. melissa: federal minimum wage makes so sense when there is disparity between cost of living, what businesses can allow. it will just damage workers in the areas where cost of living isn't that high. >> federal minimum wage makes no sense, i don't see what a state wage makes sense. minimum wage destroys jobs. we talked about that. gives sanction to a minimal wage

at all. these protesters, my god, even0's radicals were about building something. these protesters, they don't want your holiday gifts. they don't want you to have your holiday gifts. nihilism we haven't seen before we've never seen in this country. melissa: very true. thanks, guys. connell. neil: on this very topic, had a lot of airline workers taking part in five for 15 demonstrations in airports across the country. o'hare international leading charge. made for an interesting day. jeff flock with latest on protests. i saw it earlier. things got a little heated,