i am asking congress to support the construction of new roads and bridges airports pummels and railways across the country and we will put people back to work in the process. it's going to be our people. it's time to help get americans off of welfare and back into the labor market, rebuilding this country with american hands by a american workers american workers. my administration will follow two simple rules. by american and higher american. [applause] at the center of this agenda is fixing are absolutely terrible trade deals. they are so bad that i have studied them. i am one of these people, i like reading figures can you believe it? you don't want to read them. they are so bad.

i can tell you how bad our day. how bad are they? like, really bad we are going to make them really get and we have the great people to do it. the media was saying people are going to be negotiating your trade is a very rich. i said is not what we want? and they said, why is it that the people protecting our border are generals? that's what we want, we want generals, we want generals. i don't need an nba at the border and i don't need a general negotiating our trade deals. now we have general kelley kelly. you know general kelly. he is going to be watching over our borders. he's amazing, incredible and as you know we have general mad dog mattis, secretary of defense. we are not playing games, folks. we are not playing games. no more games, do we agree?

we have been playing games for 20 years or longer than that. we are going to drain the swamp, that's right. [chanting] we are going to have strong borders, folks and we are going to make great trade deals. you are going to be proud of your country again, you watch. america is now running at nearly 850 trillion-dollar trade deficit, $800 billion. our country has lost one third of its factory jobs since nafta. we have lost 70,000 factories since china opened and joined the world trade organization. 70,000 factories we have lost.

can you believe that? is hard to believe. it's the greatest jobs that in the history of the world but we are going to get them back. we are going to turn it all around and we are going to turn it around faster than you think. we are not going to be taking advantage of why other countries anymore. [applause] our goal is to bring back that wonderful phrase. remember some of you that are a little bit older, made in the usa. remember that? made in the usa. we used to have cars that were made in the usa. we don't have that anymore. we are going to make stuff made in the usa. what do you like better, made in the usa or made in america? hold it, hold it.

[chanting] usa, usa, usa. read the? who likes made in america? [applause] who likes made in the usa? [applause] i think so. okay, wait. one more because this is like doing a free poll. you know a lot of people would spend a million dollars for that and these are the people that lead our country. they would go out and they would to a poll that will cost a million dollars. they might not be as accurate but here's another one. "time" magazine and the financial times, a big deal, just gave a person of the year. they should give it to you because this isn't me. although i have been a very good

messenger, do we agree? so are you ready? in the past it was called man of the year. now it's called person of the year so here is the question. what do you like better, ready? do you like person of the year? do you like man of the year? [applause] that the women too. they want to be politically correct. i have heard this for so many years man of the year and then it comes out person of the year. they have to be politically correct but i had an idea. no, no i had an idea. what do you do if it's a woman, right? if it's a man, if it's a man you go man of the year. if it's a woman like this

incredible woman down here, if it's a woman maybe you go woman of the year or person of the year, right? should we speak to the people at "time" magazine and say we want it again next year but we want maybe man of the year next year. it's a great honor, it's great to be there. we have to justify it. we will draw from the transpacific partnership. we are going to totally renegotiate the worst trade deal ever made anywhere in the world at any time, nafta. we are going to stand up to foreign cheating and fight for every last american job and if a company wants to fire their workers and leave to another country and ship their products back, there will be consequences.

it's not going to happen anymore. they fire their workers, they close their plants, they move their factories to mexico or someplace else, they sell the product back in with no taxes in our country so we end up with unemployment and loss. they end up with everything, right, everything. it's just not going to happen anymore. from now on we will inform them that they are going to pay a 35% tax, 35% or something substantial. and you know what's going to happen? they are not going to leave. it's very simple. why did the politicians do this 15 or 20 years ago? why didn't they do it? for two reasons, two reasons. do you know the two reasons? either they are or they get paid off by campaign contributions. that's all. very simple but to be a rich

nation we must also be a safe nation. the murder rate has experienced its largest increase in the united states in 45 years. the press doesn't tell you that. the murder rate in orlando double last year. we are going to support the incredible men and women of law enforcement. apopka and we are going to bring this terrible crime wave to a rapid and. [chanting] usa, usa, usa. one of the greatest public safety threats remains open borders. it's horrible what's going on with the borders and the drugs

pouring into our country and poisoning our youth, pouring in like water it pours in. i have a message for the drug leaders, the gang members and the criminal cartels terrorizing our cities, our locations, our citizens. your days are numbered. we are getting you out and we are getting you out fast. [applause] we will build a great wall and we will stop illegal immigration once and for all. [applause] [chanting] build that wall. build that wall. >> we are going to build that wall. the border patrol agents endorsed me in i.c.e. adores me. i said tell me about the wall.

they said we needed mr. trump, we need it. they know better than anyone. we are going to build a wall. it's going to have big beautiful doors in it because we are going to have people coming into our country but they are going to come into our country illegally. [applause] we will also work to keep our country safe from terrorists. the attack on pulse nightclub in atlanta was the worst mass shooting in american history and the deadliest assault on the lgbtq community in american history. we have seen islamic terror attacks from paris to belgium to san bernardino, one after another again and again. we are going to stop them so let me state this as clearly as i can. i'm going to keep radical islamic terrorists the hell out

of our country. [applause] that includes suspending immigration firm reaches where it cannot be safely process or bedded and the betting is going to be a term that i'd advise and extreme betting, right? extreme betting. nothing will come before the safety and the security of the american people. it will be a crucial part of our plan as well. we are going to drain the swamp of corruption in washington d.c. and stop government officials from trading favors at your expense. we face many challenges that this is truly an exciting time to be alive. the script is not yet written. we do not know what the page will read tomorrow but for the first time in a long time what we do know is that the pages

will be authored by teach-in every one of you. [applause] you the incredible american people will be in charge. your voice, your desires, your hopes, your aspirations will never again fall on deaf ears. the forgotten men and women and by the way they are not so forgotten anymore, are they? they didn't know what hit them. oh those forgotten people are not forget in -- forgotten. they are still writing stories about it. they see what happen? they came out to vote big-league, didn't they had these are great people. these are smart people, these are hard-working people. these are people that sometimes happened voted in a long time but you know what?

they saw, they heard, they wanted what we are all doing and we are doing it together and they came out in these people had no clue what the hell happened. i just want to tell you thank you and you are going to be very happy with the results. thank you. you are going to be very happy. together we will raise incomes and bring jobs and wealth and opportunity to our poorest communities. we will repeal the das aster known as obamacare and create new calf care, all sorts of reforms that work for you and your family and we are going to be doing it properly. and we will not spend five billion dollars for a web site.

and we will not spend $4.2 billion for an airplane so i can fly around, our right? $4.2 billion for air force one, i don't excel. we will reestablish the rule of law, defend the 2nd amendment, protect religious liberty and appoint justices to the united states supreme court who will uphold and defend the constitution of the united states. we will heal our divisions and unify our country. our country is very divided. we will bring our country back together. we will love everyone, not small ribs are big groups, we are going to love everyone in our country. when americans are unified, there is nothing we cannot do. no task is too great, no dream too large, no goal beyond our

reach. my message tonight is for all americans from all parties all beliefs all races and all walks of life. whether you are african-american , hispanic american, asian-american whatever the hell you might need , we are alone americans and we are all united by one shared destiny. i'm asking everyone to join this incredible moment. i'm asking you to dream big again, dream bold, big and bold. dream big and bold and daring for your families, for yourself and your country, big and bold and daring. i'm asking you to believe in yourself and i'm asking you to believe once again in america. if we do that then altogether we

will make america strong again. we will make america wealthy again. we will make america safe again and we will make america great again. thank you very much for that. thank you florida. god bless you. merry christmas, god bless you. thank you very much. incredible support. ♪ >> thank you, thank you, thank you says donald trump the president-elect. he was in orlando. six days before the election and the florida courts. the state delivering and making all the difference of course in his destiny and that of the nation because of its central importance. by the way when he says thank you and florida as he has throughout all of the states now

this is the seventh state he means every word of it. with me radio talkshow host mark simone. mark, it's terrific to see the connection he establishes instantly with crowds of it doesn't matter what state, what city. it's absolutely genuine and it's all his. >> it's very generous of him. this is a guy that works all day today and he probably had team meetings. he's been working hard everyday and every night jumps on a plane goes to to meet with people and speak with people. if this were hillary clinton you would have to pay $300,000 for a ten-minute speech. this is 45 minutes and he was there to really talk to people. he loves to work paid wilma so less than where the present but been a very longhic like that? time and he just will not be outworked by anyone. he was a work of the primaries and the general election. my world -- my word the field

was his. one of the ways in which she certainly did lose is to show up every few days and he is pounding away every day. your point about his generosity here, who says thank you after an election and? that's usually received for a year per for the next election. he is doing something so smart and again so authentic and something so appreciated. he talks about safe zones in syria. he talks about arab states that will help pay for those safe zones who are right now doing very little if anything. he talks about freedom of expression to burn the american flag. you can tell he genuinely hates to see the american flag burned by demonstrators. >> the fact he said i don't like it, he said it three times which

is great. he also said american workers, american products, by american entire american. >> there was a line at the end of last nights speech, he said never again will your voices fall on deaf ears and he should do that every night. little things like the boeing bill. they figured hillary clinton with the president let's market up and she will sign it. out things. that's the one he knows what things cost. he also knows value and he knows price. and the combination is powerful and in the oval office it is something to watch and it is something to watch, speaking of things that i love, going through all of the various demographic groups, whether it is african-americans, scottish americans, whoever you are, we

are alamericans and we are in this together and i think it is fair to say that it is one heckuva leader. sir, it's gray tabby with us. >> thank you for having me. >> a good friend and a terrific, terrific post. we thank you for being with us. >> you see what's happening with taxes. yes he was happening with regulations which are totally out of control. right now we punish companies for doing business in america. they are actually punished. that's why they are leaving. and by the way i have to say this. we are going to reduce taxes for the middle class. but for our companies. maria: president-elect donald

trump continue his progress message this week. gary: it's entertaining watching him pick his cabinet cabinet is looking like an all-star team from business world so how are some of the big wealthy firms preparing for what's to come after the migration joining us now blackrock -- rick reider. we are looking for 2017 to be higher interest rates and higher growth. is that your forecast as well? >> yeah i think it is. you are starting to watch it play out where the anticipation of people talking about fiscal and infrastructure and that will come however markets are going to start to price in and attacks influences are significant. we talk about marrying corporate tax and versatile texan repatriation. we have lived in a world the last two or three years has been borrowed by factors back. you're going to change the attack shows in terms of the benefit you get from borrowing and the cost of the debt is going up so what happens

companies have invested their business and grow their market share. it's pretty exciting stuff and this is quite frankly for being in the markets as opposed to two years of september and december, now you have divergence and now you have enthusiasm and quite frankly you are seeing companies surveys improved and personal confidence surveys improved so that translates translates to about higher inflation a bit higher interest rates but some pretty good markets. maria: i'm glad you said animal spirits because i feel like we are seeing animal spirits in a lot of areas in the market. i did not see animal spirits from janet yellen last week. what is she looking at that we are not looking at and how do you react to the fed raising interest rates? >> first of all surprising that they were a bit more hawkish than expectations however like you said janet yellen said this in the last meeting. listen i think the biggest day of the year was september 21 where the bank of japan came up japan came off of negative interest rates help the banks

and insurance companies. yellen came out and said we are going to let the economy run hot and then you think about what she's doing now it's uncertainty they don't have to be that fast. we can be behind markets led inflation run a bit hotter in the economy run particularly for hiring more people read wages are growing in the fed when you enter a tightening cycle different than when you're easing the federal reserve's are behind the market. exactly what she articulated is we haven't seen it yet and we can give it a bit more time but their others on the committee and this is why we move from expectations and their others on the committee anticipating growth faster. maria: what does rick reider think in terms of the number of hikes to get next year? >> we came in if you think about where came in this year it was for hikes in you said earlier 64 meetings they have moved twice

to move interest rates so i think what they're suggesting three now we think it will be better. think the fed will be behind. i think it's two or three. if the economy picks up faster you bring marx onto the table and get the three hikes. maria: you said we are not going to see a lot of rate hikes. i want to get back to whether or not this is possible what donald trump is trying to do. when we spoke with steven minucci the incoming treasury secretary he predicted 3.5 to 4% economic growth. you are talking about 4% economic growth and that's a different scenario for the federal reserve entire industries. you think that's achievable in the next two years? >> definitely there's a lot of low-hanging fruit in this country. i will play the big one in terms of how you get there as you think about what's really been calling the growth of economy. sven financial transmission.

now you are creating a dynamic that with even with rates that higher you can create velocity and unique velocity to grow the money supply chain. you need the lending mechanism. the lending mechanism is picking up. i think you can create that growth. i think you can create growth taxes of bit less regulation loss to the come you carry it. it's all going to come the first quarter of the year? no way. there's the ebb and flow. numbers were disappointing in retail sales not that great. the trajectory is pretty good and if that's achievable and i think as you talked about earlier on your shows the dynamic of how unified government whether republican or democrat gets initiatives through that bernanke has called for a long time we need fiscal. actually we are going to get it. gary: i have to ask you this before let you go. have i said fun guys are smarter than stock guys so what are the bond guys thing about the stock are get?

>> the bond guys are bullish on stocks but i do think stocks are in good shape. you think yes i respect the valuation argument however if you take corporate tax and bring it down and think about where we take corporate tax that's 20% or so the earnings-per-share benefit for companies like financials health care is extraordinary. maria: 20% earnings? >> 25 or 26% growth. maria: of 20% corporate tax rate? >> certainly can do it and in places like health care and financials etc. it's pretty powerful. by the way you think how a company reacts to a better textbook coming in. i know my earnings are going to be better and now i can spend on. there's an enthusiasm that i think is justified. at gannon a lot with the c. and growth is not great. china has risks. their risk of there but i do

think the momentum is justified. gary: just like you want to listen to maria on election night you want to listen to the bond guy. are you back thank you for jojojojojo

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you can begin to pack more into your adventure. become a cardmember to enjoy these benefits. apply today. visit citi.com/travel, or call 877-327-6448. >> this is the new "wall street week." ♪ gary: welcome to "wall street week." maria: thank you for being here tonight. the markets hitting new highs to start the week. janet yellen's rate hikes slowing things down a bit in terms of the rally. the dow jones not making it to the historical 20,000 level. regardless entering a new phase with a pro-business whitehouse and it also comes with the fed's key raising interest rates regularly. we are joined by the outgoing