i really hope that you have a great thanksgiving and susan, do you ever remember hearing vinyl quality sound. susan: yes in kindergarten when they put it on the record and i love the process but i heard the sound quality is much better. stuart: it's dynamic it comes right at you. thank you very much indeed. neil all give you 30000, don't worry. neil: i'm impressed you said something as nice of an italian american. that is very cool, almost as cool as the dow 30000, thank you very much, we are up about 500 points and a lot of that is like waiting and waiting and waiting, if you think about it back in march when the pandemic was hitting we dipped below 19000, remember a lot of people say 10000, here we come, it defies every expectation paid we will

get into that phil flynn, the senior analyst, fox news contributor as you know, adam joined us from agoura financial, jackie deangelis, we will be going through these numbers and sectors as you keep looking at this but alan, looking at it and i want to tip my hat to you because in the middle of this down graph when people were looking for barrels to go over with you said wait a minute, this is not as bad as it looks and sure enough you were proven right, going back to last march and where we are now, what can you do for an encore? >> obviously we saw the market snapback as we seen every time in history, we are in a bull market, everything the market

has thrown at it it's been able to bounce back and bounce back the difference of a selloff, that is a lot higher move, you talk about the 10000-point drop in the dow, that pretends 40000, that may seemed like a staggering number but it's 30% above where we are now and let's remember the dow is 65% off the lows, there is upside left and until the dynamics change, the stock market is going to be where money is going to flow. stuart: looking at oil at the comeback and a lot of the commodities running up a lot with stocks and bonds, i'm not just talking about today but the run-up, it is unique, everyone is going along for the ride, what you make of that? >> it means it's a historic day and we've come a long way. i think it's a great testament to america, when we look at the coronavirus, hard everything was hit, project warp speed, people

said it was crazy we cannot do it but america did anyway, we've got a virus on the horizon, when we put our minds together and look where were at, we are being rewarded in the stock market which is reflecting the american optimism and if you look at oil prices for example, oil was beaten down because everybody was locked in their houses, this is reflecting the fact that we will be led out of our cages, were set to go out and move around at some point but also a new air of higher energy prices when it comes to the new administration, i think oil prices are getting a bounce, not only because the stock market is doing great but because of joe biden's cabinet picks, janet yellen who has never seen a printing press that she does not like which is very bullish for oil and or energy john kerry who is going to be moving back towards more regulation on the energy industry, stricter controls, that will mean higher prices for energy and we see that pricing as well.

neil: especially the climate change, he is bazaar so he could decide what he wants. jacqui, i'm wondering, i don't mean to look at this uniquely from a young person's perspective but young people by enlarging missed out on this market or the myriad of this market, not entirely but concerned about a lot of things, not the least of which how affordable it is in the higher goes are there view like about of other market cost and it's too rich, how do you play that into people you hang out with, all very smart young people, how do you play that, how do you discuss the market in the run-up that is defined almost all conventional wisdom, it was supposed to be cut dramatically if joe biden had one, if it didn't happen it was supposed to be torpedoed if he picked globalist to pepper his cabinet,

that is not happened, what you make of this. >> you're bringing up a lot of good points and i'll get to the perspective to look at the longer-term but all add to that what you said, not only joe biden's cabinet picks but looking at vaccines on the horizon, that is a light at the end of the tunnel when it comes to the pandemic that we've been living through, with respect to politics in general i think the market is hoping for split government so we will be watching georgia very closely and that something to keep an eye on and also a fed that continues to support this market as well and the economy that we thought was going to be so crushed by the pandemic is really hanging on, we tell all the stories and when we bring people on the air talking about the struggles, they are real, i'm not denying that but at the same time the american resilience has kept people hanging on and now that we have the vaccine help it seems like we can get through this.

i think that's a big picture telling folks, when it comes to younger people who feel they might've missed the move or it's too late to get in were too expensive to get in, you have to start somewhere, a 401k for example is a good place to start with the long-term horizon and just dip your toe in and get your foot in and even if you can only buy one or two shares of amazon, it might be worth doing because you would've made a lot of money had you done the eight month or year ago to say the least, i think people should look at the market at a long-term perspective, the only caveat, the only thing i'm a little worried about is the split government issue because the market is pricing in and we have to hope that stays the course. neil: i was looking at polls, it is showing the races are fairly tight, anything can happen but the democrats would have to pick up both of those seats. thank you very much, they all touched on this, the cabinet picks this far out of joe biden, they are considered to be market friendly picks, i don't know if that's an overstatement but

hillary vaughn has been following it and more to come. >> president-elect joe biden will hold his first event with his first cabinet pick about an hour from now in wilmington, several of his national security team will be here in person making their socially distant debut, some filling top spots in the cabinet are already raising eyebrows for work that they have done with silicon valley clients, one consulting group west exact that flaunted of 1600 pennsylvania avenue access that again during the obama era is now filling at least two covenants spots on the cabinet, they help google pentagon contracts including ultimately canceled working with a.i. over drones but one of the firm founders tony blinken is biden's pick for secretary of state and one of the former principles

avril haines is biden's choice for director of national intelligence, michelle flournoy was a cofounder is thought to be a front runner for secretary of defense but her ties to silicon valley defense contractors in private equity is causing progressives to push back on her potentially coming to the team, biden's pick for national security advisor who left his job at a firm where he lobbied labor leaders on behalf of his client who were fighting for minimum wage urging that to make a deal, the appointees need to make it through a republican-controlled senate but the early facing skeptics in the senate, senator hawley tweeted this about biden's first round of cabinet appointees, what a group of corporatist and enthusiastic and big tech sellouts, tony blinken has backed every war since the iraq invasion and now he works for big tech and help companies break into china he has no sense of what working americans want

or need, progressives are warned but there encourage about positions like labor secretary that could be a possible fit for someone like bernie sanders, that has not been filled yet but they are encouraged by new reporting that we have that biden has decided on his treasury secretary, fox news has confirmed he has picked former fed chair janet yellen to fill the role, she would be the first woman to do the job and one major progressive influential group, the influential campaign committee says of anyone not named elizabeth warren, janet yellen would be their top pick. back to you. neil: i believe senator warren congratulating joe biden and it was a perfect pick, thank you very much, we look forward to going back to you in the next hour, detail on some of the cabinet choices, time to go to the former obama economic council chair university of chicago, professor much, much

more. what do you make of the economic or the money choices this far particularly janet yellen to serve treasury? >> janet yellen is the biggest rock star that we have in economics. i think this is coming from the vice president that he is naming household names that are not freaking anyone out that have a widespread support across lots of different kinds of people and the thought that somebody like janet yellen would be in charge of the treasury, the economic side, the money, they're probably the most qualified secretary of the treasury ever, i think it's pretty heartening and i think the market certainly expressed relief about that and

the fact that she's getting plays from progressives and moderates and from some republicans, that is a good si sign. neil: you're right elizabeth warren was complementary of this choice, we are told the other progressives to make the cabinet this far then the surprising pick for labor secretary, they feel they are getting shut out. do you think progressives are getting shut out? >> i do not think that, what joe biden showed through the prima primary, and visions and there will be people from representing a lot of different views and groups and is totally natural that there would be tension, a little pushing for and against people if you got a big tent party that's completely natural.

i don't think there's any problem with that, i think in fact that is probably healthy as you look i would be surprised if there was collectively the cabinet was all one thing or one all other thing. i think you party scene across different wings of the party and across different ratio groups in different age groups, across different geographies commitment to diversity which the vice president said he would have in naming the cabinet, i'm not surprised that you see that. neil: what do you think of the dow over 30000, we talked to republicans and continuation on delayed recognition in the latest firing up of trump policies, other states optimism of president biden coming and we will have to work with the republican senate so divided government seems to work well

with wall street is what is behind this, what do you think? >> i am happy, i think the biggest thing driving the stock market and the economic response is in a way narrowly the vaccine availability and broadly that we could conceivably get control of the spread of the virus and go back to something like normal, i think that is correctly important and i think the recent announcement about vaccines suggest a year from now the chance that we are not dealing with arranging pandemic at our very i can it does seemed like the market wants to find reasons to go up through the summer biden's probability was rising and rising in the stock market went up, on election night it looked like president trump was going to turn it around and when in the futures went up and then

it became clear, joe biden is going to be the winner and then the market went up again, it kinda seems like they just want a reason for it to go up. neil: what you make that it's a can't lose market and they love stimulus, nevermind it might drive deficits. if there is a lot of stimulus, great, then we janet yellen who has been a fan of stimulus when it's required government spending when it's required that they will get more of that, these markets can continue to raise ahead on that and that deficit is not important. what do you think? >> i think your description, i can't lose market. in a way it is kind of funny, there was widespread, we love to receive rescue and relief money, then there is an election and if

it looks like it's going to be hard to carry out the democrats position if they do not carry any senate in the georgia runoff, the market is happy, they will not be too much spending, then they announced janet yellen's treasury secretary says it's important that we do make payment and people in the market are excited because they said yes we will receive payments, i think there's millions of investors as you know and they have a lot of different views, i think overall the overwhelming thing that is driving positive expectation for the economy it's conceivable, we can get control of the spread of the virus, ultimately the virus is the boss on this thing, it's why we have the deep recession and it's why we continue to struggle and every time we see

rapid snack lunch is not back we get in trouble with the this slowing of the efforts to stop it and then installs out, we gotta get back on the main path. neil: very good catching up with you, you gotta keep it under ten people, i don't know what the rules are in illinois, gotta keep it under ten people, whatever you do, be safe. there is a party right there, thank you very, very much. can you imagine losing a cookoff to paul, i would be honored to lose it to paul. everyone is saying to be safe for thanksgiving, try having your meal outside, everyone in the los angeles area they will not let you because outdoor dining forbidden after this.

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hmm. the kohler walk-in-bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in-bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in-bath provides independence with peace of mind. neil: ideally if you can eat your thanksgiving dinner outside, doctors say that's the safest bet, depends on the

weather and the greater l.a. county area, it's not an option as outdoor dining has been, mainly restaurants but it could extend well beyond that, jeff paul and the latest, what does this cover. >> first of all you have to imagine how frustrated restaurant owners are in their entire staff, some have spent money to make money this restaurant main street in santa monica have put up a barrier built, deck, patio, tables, all in the hopes of making a few dollars in this pandemic because it's been a terrible year but now they're learning for the next three weeks starting tomorrow at 10:00 p.m., they will not be able to use any of this, all the things they built up because people cannot eat outdoors, at least for the next three weeks, they can do to go food but that does not make up the difference according to a lot of the restaurant owners,

they are struggling right now and they don't know what you're going to do to keep the lights on. >> i'm furious, i feel like l.a. officials don't care about restaurants and we've been the covid scapegoat this entire time in the officials one of the quicker doing something and this is the easiest way. >> l.a. county health officials say they made this decision after seeing unprecedented numbers and coronavirus and infections, they say some folks who have been going out to eat are mingling and eating with multiple different households and not wearing masks, at least until mid-december, the day before thanksgiving we will not be able to eat outdoors for most of l.a. county. >> there is high compliance at the majority of our restaurants, when the county of our size just having a few thousand restaurants that are noncompliant, particularly on the distancing requirement can

create additional exposures. >> the one interesting tidbit throughout this whole story, the city of pasadena and what makes them interesting, they are not necessarily going to close outdoor dining, they have their health department assessing those on a daily basis and make their own decisions based off their own information. neil: thank you very much for that, i hope you have a great thanksgiving, i want to go to the business alliance founder and chairman. what makes interesting and having to build on if you want to work out after you have your meal your options might be dwindling in new york, you might not have one, always good to have you, what is the latest in the requirements that could be coming down from new york, reset them again or what? >> thank you for having me, we've seen governor cuomo move

from yellow to orange, they are considered nonessential and we are shut down, some areas of new york we seen shutdowns happening again. neil: the spikes and cases are not coming from gyms or restaurants, by and large they are coming from people's homes and gatherings, they have nothing to do with commercial establishments, that seems to always fall on death ears. >> it is bit frustrating we've been working with the governor's office and the guidelines that he has put out have been working fantastic and gyms have proven to be safe, we general contact tracing data in a survey across 225 different clubs and we found only 18 cases across 2.3 million visits, we believe were very safe and we think there should be more transparency with the

contact tracing happening by industry, we see that another states and we would like to partner with the governor's office and make sure we continue to be an asset for the governor and work with them on making sure we are doing the right thing. neil: you are doing the right thing about the distancing and watching crowds and people cleaning up equipment right after it's used but that was not enough. then they change the rules, what did they specifically change, i guess it depends if you're an orange or red zone but what changed? >> from yellow to orange, we have fallen tree category of nonessential, fitness centers have to close but in terms of guidelines that we've been following, mask wearing has been a mandate from day one from when we reopened in august and we

think that's a critical part of why we've been successful as an industry in new york and many other states, many medical professionals in many studies done that gyms have proven to be a safe space, we think we are following the guidelines that we were handed down and we think were doing a great job, we obviously need to work together to make sure we can stay open because keeping gyms open especially right now is so critical, mental health, not only physical but mental health is something we are part of a solution, we help people have an outlet where they can go to, we think fitness is an essential business and that's what we're striving to become in the governor's eyes and get on the essential business list. neil: i wish you well, hang in there, the new york state alliance counter and chairman where they change the rules and move people into zones they were in prior. they are looking after, i take nothing away from elected leaders across the country who

are trying to find ways to deal with the spiking cases but they tend to go after the wrong guys don't they. we told you about the makeup of president-elect cabin, particularly janet yellen on a variety of levels for treasury secretary, it could signal a market friendly development, we will explore that with charlie gasparino after this.

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neil: one of the rear presidents sightings with the president of the united states. let's listen in. >> absolutely incredible, nothing like that has ever happened medically and i think people are acknowledging it's having a big effect, the stock market has broke 30000, never been broken that number, thought the sacred number, nobody thought they'd ever see it, that's the nine time since the beginning of 2020 and is the 48th time since we've broken records during the trauma administration i want to congratulate all the people within the administration that work so hard and i want to

congratulate the people of our country because there are no people like you. thank you very much everybody. neil: i apologize for the audio issues, we came in late but i'm not surprised he was going to talk about the dow crossing 30000, it has doubled under his stewardship and began to pick up speesteam from the lows of the pandemic when we were dipping below 19000 back in late march, here we are over 30000 as presidents go and what the markets it oversaw, this one ranked second only to bill clinton in his first four years in power in terms of the runoff in the dow in the aggregate point the president leaves doubling out where we were when he came into office, no doubt

because that is a record that will likely hold for a while, you can always go up in the next administration, it really repeats itself in that fashion but the president saying those policies, that backdrop, the improvement, he was not addressing the pandemic but the promise of vaccine and everything else has brought us to this moment, the irony not lost on anyone and is not benefiting, he lost the election, joe biden will be sworn in as the president of the united states and generate 20th, that is historical reference point the president could use that may be too little too late to take advantage of that, charlie gasparino following all these developmen developments, i know the other things you want to discuss here, his record and his constant reference to the markets on what they were doing, that was

spearheaded by the regulatory cuts he made coming into office, that started, the tax cut that followed suit and then they come back from the lowest levels of the pandemic. it is a remarkable write. what do you think. >> the term presidency has been remarkable from an economic standpoint, the resiliency, we should point out not only did the dow go up, so rich people got richer, if you look at the wage rates, they went up on the low end, deregulation and corporate tax raise wages on the low-end, then he did something remarkable during the pandemic and i'll tell you take his rhetoric out of it, we have been critical of what he actually said sometimes during the press conferences about covid but two things that he did the joe biden is immediately going to be benefiting from, number one he prevented the economy from going into a depression, all that

stimulus, he and his team put together, passed by congress, integrate depression and if you look at any economic model, were coming out of this thing a lot faster than we came out of the great recession that followed the financial collapse in 2008, kudos for that. the second is operation warp speed, i cannot tell you to downplay this, this is a huge thing that we are going to get a vaccine that will be deliverable soon and what you see right now in the markets is the pricing and of a couple of things, the economy is not following, we are going up, not down, without a vaccine, the vaccine will be huge stimulus once it is and we have divided government right now, he lost the election but it looks like the republicans will keep the senate in the markets like that because it will put a lid on all the crazy stuff that biden and janet yellen which we

will talk about in a moment. but i did a column on this on the new york post, even democrats saying things will get better, you don't hear this from governor cuomo, you think he's talking about busting people's doors down for thanksgiving to make sure there's not where than ten people, things are going to get better and the markets are pricing that in, i will say this is like a marathon, marathon runners, i don't do marathon but iran a lot and a 26-mile marathon the last six are the toughest but the end is near, i think that analogy holds here with covid and the economy and what is going on, i want to leave a little bit to janet yellen, part of the rally is janet yellen is a treasury secretary in the elizabeth warren, there is some degree of relief that the banks and traders know and she's a known commodity and she will be biden's treasury secretary, the

market looked like it was going to leon brainard of the bed, person who is within the liberal but moderate wing of the party, she is likely to be the replacement of powell, the market is pricing the simplest divided government, vaccine and then you get the dow 30000, by the way it could trade off a little if people take profits, it all depends on the stocks, the stocks are correlated directly to corporate profits but things are starting to look good, light at the end of the tunnel, that's what the markets are saying right now. neil: they certainly are, it's a remarkable ride. you can always look at politically who benefits, who does it but these are the very metrics that presidencies by sometime, that the heading performance to put it mildly.

thank you very much. a lot of people look at the market where they were when a presidents first elected and how they respond since that time to present date, using that the dow is essentially doubled on the last day of the obama presidency, the dow was north of 19800, you can see were up 11000 plus since that time, no matter how you slice it and you can try it a variety of ways, the trump years, very bullish years, extremely bullish years, we will have more after this. ♪

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neil: dow 30000, headed at 11:2d numbers tend to get a lot of attention, this one a level that did not seem thinkable or remotely doable back in the late

days of march with the pandemic when we dip below 19000, that was then but during this entire pandemic, obviously well before it, i had the pleasure talking to john galloway, great mind, i don't know if there was professors like him when i was in school, the latest one that chronicles a lot of what your scene unfold and seen a lot of the development take for granted post corona from crisis to opportunity, scott, very good to have you especially today because some of the things you wrote about, with the pandemic and put, the pandemic quoting early on is also boosting an innovative narrative that firms deem innovators or receiving evaluation that reflects estimates of cash flows ten years from now, you go on to mention a value that exceeds

toyota, volkswagen, honda and combined even more since then, since that rising and bill gates is the second richest man in the world, you can put that around and say all right, we can see driving companies throughout pandemic but is all of this getting crazy, is all this justify? what do you say? >> good to be with you and thank you for the kind words, i would argue the response to the novel coronavirus has been largely formed by the curve for wealthy people, if you look at savings, they've never been higher and i think a lot of the money has ended up in the market and has not ended up in the market at any level fashion it's gone mostly two-story stocks, apple trading earnings and sits at 38, march tesla was a second-most voluble audible company, se mons

later is not only the most valuable but worth more than two, three and four and volkswagen combined. massive saving rates going into the market and going into the story stocks that we all know but the market gains have not been distributed equally, they count for the majority of the gains with the renewal if you will, they've got to the value and come out with the calling of the herd that is arguably one of the strongest we've ever seen, i think the echo system is less healthy if you will. neil: were having audio problems, i hope we can address those because they really want to try to pursue this to you but this notion that the amazon and the beneficiaries, you talk about the facebook and all the early leaders, i'm just wondering whether you think

right now that we have overdone it, the pandemic plays if you will have to unwind because assuming the various vaccines that are out there that work and do the trick, you don't need those pandemic plays in the market could suffer because they lead disproportionately this parade. >> some of these changes are structural, it is likely that remote stocks or stocks at peloton, the pandemic trade or even zoom may come back a little bit but most of those reflect a structural, there will be such an enormous occasion to real estate and into technology or the home, there will be an enormous wave of real coalition into residential and all the echo system -- i think that is

most exciting healthcare, the pandemic trade seems to be correlated to the beach trade and every day depended on the timeline the estimated timeline of the vaccine we see the stocks done adversely with the pandemic trade, for the most part companies like amazon, facebook, google, apple were never on their heels, they got into their toes -- facebook and google were 60 cents on the marketing dollar pre-pandemic and will, probably 80 cents on the dollar, we have a greater concentration of power, you could argue that our economy has gone in six short months, the winners are bigger winners, like i said more concentration of power across fewer and fewer companies. neil: that will make those companies of individuals running and you mention elon musk, and jeff bezos at amazon and some of these others, mark zuckerberg,

you saved attack lines against jack dorsey how is taking his eye off the twitter ball because he has other responsibilities. they are all going to be targets particularly under the new administration, is not a worry in the aggregate year for the markets, the economy, what do you think? >> you are right, antitrust and regulation against big tech but i would argue the market perceives the threat in its credible and taking the stocks up, i would argue -- markets to keep green you keep these companies up, look at the stakeholders, taxpayers, employees, venture back capital companies and shareholders and all of those do well in the ceo no longer gets to sit on all seven rounds the does not like

breakups and unfortunately this instances they have voting stock and they control the confident, i believe the most oxygenating thing we can do for this economy, hands-down would be to empower the dtc -- the ftc and the d.o.j. to look at big tech, big pharma, big gag and oxygenate the economy -- it is not a punishment it is a reward and it's an opportunity on the tremendous innovation that we have done when we broke up the aluminum companies and at&t, i think the most valuable company in the world in 2025 will be a reasonably aws, a company that is the largest and most profitable cloud company in the world, you want to keep the good times going break these companies up. neil: you might need something on that, thing about at&t that was broken up, the investors did better holding more of what was the company that they had been

broken up to change the world, maybe it can happen again. very good seeing you, post corona to crisis opportunity, i loved it both years ago the algebra happiness look and i think that a bigger picture. for all the things that long before anyone had any sense of the magnitude of this pandemic, you got that right. we will have more after this. ♪ d? pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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oh, i said... uh, this is my floor. nooo! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ neil: all right, he has been busy, hasn't he? we're waiting to hear from the president-elect who's going to formally announce a lot of the names you already know making up this cabinet including janet yellen, antony blinkenen, alejandro mayorkas, jake sullivan, the national security adviser, many, many more, john kerry, for example, the climate change czar. of you name it, but it's a pretty busy, hectic pace. we're told he wants to wrap up at least the prominent cabinet appointments, he's virtually more than halfway through already, shortly after the thanksgiving break. and he's picking up steam and speed on this.

many of them are going to be joining him virtually as he formally introduces them. as we wait for that, we'll take a quick break here. the dow over 30,000, up about 478 points. at the better point of the day we were touching 30,100. a little bit off those levels, but this is historic, and we first hit it at 11:26 a.m. today x we're still hanging on. more after this. ♪ ♪ w. adapting. innovating. setting the course. but new ways of working demand a new type of network. one that's more than just fast. you need flexibility- to work from anywhere. and manage from everywhere. advanced technology. with serious security. and reliable coverage, nationwide. forward-thinking enterprises, deserve forward-thinking solutions. and that's what we deliver.

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♪ ♪ neil: it's a rare day we hear from the president of the united states talking about dow 30,000 and the next president of the united states is going to be talking about his cabinet picks. they're more similar and joined at the hip than you know though. obviously, the market reflects the fact that the transition goes on, the gsa clears the way to let that transition go on, and the president obviously let the gsa take that move to let the transition go on. so this orderly transfer of power, which is the engine e of the world when it --en i have of the world when it comes to countries where this is not the routine at all, is another reminder that for all our arguing and jawboning, we're a

pretty remarkable country that you can have something like this go on after a divisive and polarizing election. live to fight another day. so that's something unique about this country, we should all be very proud of that whether on the right or the left. that and the promise of vaccines finally to deal with the pan demic and that there is light at the end of that proverbial virus tunnel combining to really lift stocks today. the dow over 30,000, hit that level just about two hours into thed trading day. and it's really rarely looked back. stayed comfortably over 30,000, but it's a milestone that sort of stands out. with those big round numbers, they're very, very significant. now, you're quite right to say that the s&p probably is more representative of the market and the economy and the 500 stocks that dominate that average versus the 30 that give you sort of a slice, a limited slice at that, of the american economy. but it is what it is. it's the old average of averages here. but they're all up today,

including the tech-heavy nasdaq. all averages in and out of or flirting with outright records. now to the president-elect, you've with heard some of the names he wants to include in his cabinet. he's already named close to half of them. we're told that many of them are going to be with him today. we don't know whether they're all going to be with him today or many virtually, but that he's going to detail and confirm a lot of the big names you've heard much about, and that calm really via hillary vaughn, our reporter following the latest developments out of wilmington, delaware. hillary, what can we expect from joe biden? >> reporter: neil, we do know that all six appointees or nominees for these national security positions on the cabinet are already at the queens theater. they're in place. the president-elect, joe biden, arrived just a few moments ago. he is at the queen theater. this is where biden hopes all of his remarks, his virtual discussions, this is where it

all happens. they actually had to build a larger stage to fit all six of them on stage in addition to the president-elect. we are expecting biden to speak for about ten minutes and then each appointee will speak for about 2-3 minutes. what's interesting and what a lot of people are going to be curious to hear is from former secretary of state john kerry, because he is in a brand new position on the national security council as that special envoy to the climate. so we're really looking to get a sense of what his goals are going to be as part of that brand new position. so we aren't expecting there to be any room for q&a, this event isn't set up for that. they usually have a microphone set up where the reporters are socially distanced and seated inside, that microphone is not set up. but we are getting the first debut of the first round of picks biden has selected for his cabinet, six of them. we are not expecting treasury secretary janet yellen to be in i attendance because the biden transition team has not formally

announced her as treasury secretary yet, although fox -- we have confirmed that she is his pick. so that could be coming at another event later, possibly after thanksgiving because there are 15 top spots on the cabinet, we have 6 announced, about to be formally introduced to the country and announced today. and so that leaves the other 9 to be announced at some point sometime soon. neil? neil: interesting. and john kerr true, i mean -- john kerry, as the climate czar, if you think about it, hillary, he seems to be given all but cabinet rank himself, so welcomed see some surprises like that, i guess. >> reporter: yeah. and i think that's really encouraging to progressives, that they put someone like john kerry e in that position. but again, he's going to be, socially, the heeder, the person in charge of getting biden's $2 trillion climate package through and, essentially, put it in

action. and that is a number that progressives have really wanted to hold biden to account on. it's something he promised during the campaign, that massive $2 trillion investment. and now kerry essentially has the job to try to make that happen. neil: yeah. maybe you think of the days of the senator to sort of get some sway there. i believe that is joe biden heading right now to the microphone. let's go to wilmington, delaware. [background sounds] >> hi, everybody. okay. well, good afternoon, everyone. today i'm pleased to announce nominations and staff for critical foreign policy and national security positions in my administration. it's a team that will keep our country and our people safe and

secure. it's a team that reflects the fact that america is back, ready to lead the world, not retreat from it. once again, sit at the head of the table. ready to confront our adversaries and not reject our allies. ready to stand up for our values. in fact, in calls from world leaders that i've had, about 18 of them or 20 so far, i'm not sure of the exact number, in the weeks since we won the election, i've been struck by how much they're looking forward to the united states reasserting its historic role as a global leader both in the pacific as well as the atlantic, all across the world. the team meets this moment, this team behind me. they. body my core beliefs that america is strongest when it works with its allies. collectively, this team has secured some of the most defining national security and diplomatic achievements in recent memory, made possible through decades of experience working with our partners.

that's how we truly keep america safe without engaging in needless military conflicts and our adversaries in check and terrorists at bay. and that's how we counter terrorism extremism, control this pandemic and future ones, deal with the climate crisis, nuclear proliferation, cyber threats and emerging technologies, the spread of authoritarianism and so much more. while this team has unmatched experience and accomplishments, they also reflect thed idea that we cannot meet these challenges with old thinking and unchanged habits. for example, we're going to have the first woman lead the intelligence community, the first that latino, an immigrant, to lead the department of homeland security and a ground breaking diplomat at the united nations. we're going to have a principal on the national security council

whose full-time job is to fight climate change. for the first time ever, that will occur. and my national security team will be coordinated by one of the youngest national security advisers in decades. experience and leadership, fresh thinking and perspective and an unrelenting belief in the promise of america. i've long said that america leads not only by the example of our power, but by the power of our example. and i'm proud to put forward this incredible team that will lead are by example. as secretary of state, i nominate tony blinken. he's one of the better prepared for this job, no one's better prepared, in my opinion. he will be the secretary of state who previously served in top roles on capitol hill, in the white house and in the state department. he delivered for the american people in each place. for example, leading our diplomatic efforts in the fight against eye us, strengthening

america's i alliance and position in the asia-pacific, guiding our responses to the global will have few gee crisis with compassion and determination, and he will rebuild morale and trust in the state department where his career in government began. and he starts off with the kind of relationships around the world that many of his predecessors have that had to build over the years. i know, i've seen him in action. tony's been one of my closest and most trust advisers. i know him and his family, immigrants and refugees, a holocaust survivor who taught him to never take for granted the very idea of america as a place of possibilities. possibilities. tony is ready on day one. as secretary for homeland are security, i nominate alejandro mayorkas. this is one of the hardest jobs in government, a gigantic agency. the dhs secretary needs to keep

us safe from threats at home and from awe broad. abroad. and it's the job that plays a critical role in fixing our broken immigration system. after years of chaos, dysfunction and absolute cruelty at dhs, i'm proud to nominate an experienced leader who has been hailed by both democrats and republicans. ali, as he goes by, is a former u.s. attorney, former direct orer of u.s. citizenship and imgraduation services and a former dhs deputy secretary. to help implement daca, preventing attacks on the homeland are, enhanced our cybersecurity and helped communities are e cover from natural disaster, combated ebola and zika, and while dhs affects everyone, i'm proud that for the first time ever the department will be led by an immigrant, a latino who knows that we are a nation of laws and values. and one more thing, today's his

birthday. happy birthday, man. happy birthday. he's 21. [laughter] as a director of national intelligence with, i nominate avril haines, the first woman ever to hold this post, to lead our intelligence community. i didn't pick a politician or a political figure, i picked a professional. she's eminently qualified. former deputy director of the cia, former deputy national security adviser to president obama and a fierce advocate for telling the truth and leveling with their decisions, with the decision makers. straight up. nothing unnecessary. i know because i've worked with her for over a decade. brilliant, humble, can talk literature and theoretical physics, fixing cars, flying planes, running a bookstore caée all in a single conversation. because she's done all that. and above all, she gets word of

a threat, if she gets word of a threat coming to our shores like another pandemic or foreign interference in our elections, she will not stop raising alarms until the right people take action. people will be able to take her word because she always calls it as she sees it. i believe we are safer with avril on the watch. i think she can make a great contribution. and as united states ambassador to the united nations, i nominate linda thomas-greenfield, a seasonedded and distinguished diplomat with 35 years in the foreign service who never forgot where she came from growing up in segregated louisiana. the eldest of eight, her dad couldn't read or write, but she says he was the smartest person she knew. first in her family to go to, to graduate from high school, then college. the whole world literally ahead of her as her dad and mom taught

her to believe. posts in switzerland, pakistan, nigeria, jamaica, liberia where she was known as the people's ambassador, willing to meet with anyone, an ambassador, working with people struggling to get by and always treating them with the same level of dignity and respect. she was a top state department official in charge of african policy during the i ebola crisis. she received overwhelming support if her fellow career foreign service officers, and she'll be a cabinet status because i want to hear her voice on all the major foreign policy discussions we have. and my national security adviser, i choose jake sullivan. he's once in a generation intellect with experience and temperament for one of the toughest jobs in the world. when i was vice president, he served as my national security adviser. he was a top adviser to secretary of state clinton. he helped lead the early negotiations that willed to the

iran nuclear deal -- that led to the iran nuclear deal, helped broker the gaza ceasefire in 2012, played a key role in asia-pacific rebalance in our administration. and in this campaign for the presidency, he served as one of my most trusted advisers on both foreign and domestic policy including-helped me develop our covid-19 strategy. jake understands my vision, that economic security is national security, and he'll help steer what i call a foreign policy for the middle class, for families like his growing up in minnesota where-raised by parents -- where he was raisedded by educators who taught him the values of hard work, decency, service and respect. what that means is to win the competition for the future, we need to keep us safe and secure and build back better than ever. we need to invest in our people, sharpen our innovative edge, unite the economic might of our

democracies around the world to grow the middle class and reduce inequity and do things like counter pred e story trade -- predatory rah trade practices of our competitors and adversaries. and before i talk about the final person today, let me talk about this new position. for the first time ever, the united states will have a full-time climate leader who will participate in ministerial-level meetings. that's a fancy way of saying he'll have a seat at every table around the world. for the first time ever, he will be -- there will be a principal on the national security council who can make sure climate change is on the agenda in the situation room. for the first time ever, we'll have a presidential envoy e on climate. he he will be matched with high-level white house climate coordinator and policy making structure to be announced in december, and that'll lead efforts here in the united

states to combat the climate crisis with mobilized action to meet the existential threat that we face. let me be clear, i don't for a minute underestimate the difficulties of meeting my bold commitments to fighting climate change. but at the same time, no one should underestimate for a minute my determination to do just that. and as for the man himself, if i had a former secretary of state who helped negotiate the paris climate accord or a former presidential nominee or a former leading senator or the head of a major climate organization for the job, i would show my commitment to the united states and the whole world. the fact that i picked the one person who is all of these things speaks unambiguously to my commitment. the world will know that with one of my closest friends, john kerry, he's speaking for america on one of the most pressing threats of our time. no one i trust more.

so this team, i thank them for accepting this call to service. and for their family, i thank you all for your sacrifice. you know, we could do, we could not do this without you, in my view. together, these public servants will restore america globally, its global leadership and its moral leadership. and we'll insure that our service members, diplomats and intelligence professionals can do their job free of politics. they'll repair and also a reimagine american foreign policy and national security for the next generation. they'll tell me what i need to know, not what i want to know. what i need to know. to the american people, this team will make us proud to be americans. and as more states certify the results of the election, there's progress to wrap up our victory. you know, i'm pleased to have

received the ascertainment from gsa to carry out a smooth and peaceful transition power so our teams can prepare to meet the challenges at hand, to control the pandemic, to build back better and to protect the safety and security of the american people. and to the united states senate, i hope these outstanding nominees receive the prompt hearing and that we can work with across the aisle in good faith to move forward for the country. let's begin that work to heal and unite, to heal and unite america as well as the world. i want to thank you all. maw god bless you, may -- may god bless you, may god protect our troops. and now i turn this over, this new team, starting with our next secretary of state, tony blinken. get few mask here, tony, so i don't get in trouble, and we're going to clean off the podium.

>> good afternoon. mr. president-elect, vice president harris, thank you for your trust and your confidence. if confirmed by the united states senate, i will do everything i can to earn it. mr. president-elect, working for you, having you as a mentor and friend, has been the greatest privilege of my professional life. so many people have brought me to this day from college classmates to band mates, my colleagues in the clinton and obama administrations, in the senate and at the astronaut department. i thank this many -- at the state department. i thank them all, and i ask forgiveness for my une satiable

appetite for bad puns. mostly, i'd like to thank my family, sisters and sisters-in-law, brothers-in-law, nieces and nephews, my wonderful in-laws the ryans, and especially my wife evan ryan and our children john and lila. they are truly my greatest blessings. for my family, as for so many generations of americans, america has literally been the last best hope on earth. my grandfather, maurice plunken, fled russia and med a new -- made a new life in america. husband son, few father, donald blinken, served in the united states air force during world war ii and then as a united states ambassador. he is my role model and my hero. his wife, vera blinken, fled communist hankly as a young -- hungary as a young girl and helped future generations of

refugees come to america. my mother builds bridges between america and the world through arts and culture. she is my greatest champion. and my late stepfather, samuel,-one of 900 children in his school in poland but the only one to survive the holocaust after four years in concentration camps. at the end of the war, he made a break from a death march into the woods in bavaria. from his hiding place, he heard a deep rumbling sound. it was a tank. but instead of the iron cross, he saw painted on its side a five-pointed white star. he ran to the tank. the hatch opened. an african-american g.i. looked down at him. he he got down on his knees and said the only three words that he knew in english that husband mother had taught him before the war, god bless america. that's who we are. that's what america represents

to the world, however imperfect lu. now we have to proceed with equal measures of humility and confidence. humility because, as the president-elect said, we can't solve all the world with's problems alone. we need to be working with other countries. we need their cooperation. we need their partnership. but also confidence because america at its best still has a greater ability than any other country on earth to bring others together to meet the challenges of our time. and that's where the men and women of the state department, foreign service officers, civil servants, that's where they come in. i have witnessed their passion, their energy, their courage up close. i've seen what they do to keep us safe, to make us more prosperous. i've seen them add luster to a world that -- word that deserves our respect, diplomacy. if confirmed, it will be the honor of my life to help guide

them. and so thank you all and may god bless america. >> good afternoon, mr. president-elect, madam vice president-elect. thank you for placing your trust in me to lead the department of homeland security. thank you for the privilege of returning with the consent of the senate to government service as a member of your administration. it is the honor of a lifetime. the department of homeland security has a noble mission, to help keep us safe and to advance our proud history as a country of welcome. there are more than 240,000 career employees who selflessly

dedicate their talent and energy to this mission. many risk their lives in doing is so. i would el be honored to return to the department and support these dedicated public servants in fulfilling their responsibilities and realizing our country's greatest hopes all in partnership with the communities we serve. for 12 years i had the privilege to stand in a federal courtroom and announce alejandro mayorkas on behalf of the united states of many america. the words "on behalf of the united states of america" meant everything to me and to my parents whom i think of today and every day. my father and mother brought me to this country to escape communism. they cherished our democracy and were intensely proud to become united states citizens. finish as was -- as was i.

i have carried that pride throughout my nearly 20 years of government service and throughout my life. my parents are not here to see this day. mr. president-elect, madam vice president-elect, please know that i will work day and night in the service of our nation to ably lead the men and women of the united states department of homeland security and to bring honor to my parents and to the trust that you have placed in me to carry your vision for our country forward. thank you. >> thank you. good job.

>> mr. president-elect, madam vice president-elect, i am grateful and even more so humbled by the trust that you've placed in me for this role. i'm especially honored to be standing not only by your side, but also alongside some of the most talented and inspiring public servants this country has ever seen. i know, mr. president-elect and madam vice president-elect, that you selected us not to serve you, but to serve on behalf of the american people to help advance our security, our prosperity, our values. but the call to service in this role is what makes this nomination such a tremendous honor. if afforded the opportunity to do so, i will never forget that my role on this team is unique. better than that of a policy adviser, i will represent to

you, congress and the america public the compatriots who comprise our intelligence community. mr. president-elect, you know that i have never shied away from speaking truth to power, and that will be my charge as director of national intelligence. i've worked for you for a long time, and and i accept this nomination knowing that you would never want me to do otherwise and that you value the perspective of the intelligence community and that you will do so even when what i have to saw may be inconvenient or difficult, and i assure you there will be those times. and finally, to our intelligence professionals, the work you do often times under the most austere conditions imaginable is just indispensable. it will become even more complex, because you will be critical to helping this administration position itself not only against threats such as cyber attacks or terror theism and the proliferation of

nuclear, biological or chemical weapons, but also those challenges that will define the next generation from climate change to pandemics and corruption. and it would be the honor of a life time to be able to work alongside you once again to take these challenges on together. thank you so much. >> thank you. >> good afternoon. mr. president-elect, madam vice president-elect, i'm humbled and honored by the trust that you have placed in me to become a member of your cabinet as ambassador to the united nations. in the years that i've worked in government, i'm always struck but how only in america would we

be where we are today where life can be hard and cruel, but there's hope in the struggle. there is promise in our dreams. where you learn to believe in yourself and that anything is possible. like both of you, i learned from my family. mr. president-elect, thank you for those generous words that you said about me. my parents had very little back in louisiana where i grew up, but they a gave me and my is siblings everything they had. and i know how proud they would be of this day. on this day i'm also missing my mentor, ambassador ed perkins, who served as the u.s. ambassador to the united nations under president george h.w. bush and president clinton. and who was also from louisiana. he told me constantly, linda,

don't undersell yourself. and he would always do everything possible to lift me up. he passed away last week, but i know he's here with us today. and on this day i'm thinking about the american people, my fellow career diplomats and mix servants around the world. -- public servants around the world. i want to say to you america is back, multilateralism is back, diplomacy is back. mr. president-elect, i've often heard you say how all politics is personal and that's how you build relationships of trust and bridge disagreements and find common ground. and in my 35 years in the foreign service across four continents, i've put a cajun spin on it. i call it gumbo diplomacy. [laughter] wherever i was posted around the world with, i'd invite people of different backgrounds and beliefs to help me make a roux

and chop onions for the holy flynn the city and make how many made -- trinity and make homemade gumbo. it was my way of connecting with people, breaking down barriers and starting to see each other on a human level a bit of -- is what we say in louisiana. that's the charge we have in front of us today. the challenges we face -- a global pandemic, a global economy, a global climate change crisis, mass migration and extreme poverty, social justice -- are unrelenting and interconnected, but they're not unresolvable if america is leading the way. thank you. >> thank you.

>> mr. president-elect, madam vice president-elect, thank you. mr. president-elect, i am honored and humbled by the immense responsibility that you placed in me of being your national security adviser. i pledge to you and to the american people that i will work relentlessly in service of the mission you have given us to keep our country and our people safe, to advance our national interests and to defend our values. i pledge to exceptional national security team you see behind me and to the brilliant and diverse career professionals across our government that i will imagine a humane and rig are rouse decision making -- rigorous decision making process that honors their work. and i pledge to my parents who taught my brothers, my sister and me to work hard, tell the truth and serve others that i will do my utmost to make you proud. sir, we will be vigilant in the face of enduring threats from

nuclear weapons to terrorism. but you have also tasked us with reimagining our national security to the unprecedented combination of crises we face at home and abroad; the pandemic, the economic crisis, the climate crisis, technological disruption, threats to democracy, racial injustice and inequality in all forms. the work of the team behind me today will contribute to progress across all of these fronts. you have also tasked us with putting people at the center of our foreign policy. you've told us that the alliances we've rebuilt, the institutions we lead, the agreements we sign, all of them should be judged by a basic question, will this make life better, easier, safer for families across this country? our foreign policy has to deliver for these families. and perhaps most importantly, you've tasked us with helping unite america, as you said in your remarks, through our work,

to pull people together to tackle big challenges. my wife maggie, the love of my life, and my partner in all things, served as a senior adviser to senator john mccain. she and i share this commitment to common ground deep in our bones. to the american people, i have the honor of serving as joe biden's national security adviserrer when he was vice president. i learned a lot about a lot, about diplomacy, about strategy, about policy, but most importantly, about human nature. i watched him pair strength and resolve with humanity and empathy. that is the person america elected, and and that is also america at its best. so, mr. president-elect, thank you for giving this kid from the heartland an extraordinary opportunity to serve the country i love. [inaudible conversations]

[laughter] [inaudible conversations] >> mr. president-elect, vice president-elect harris, thank you, mr. president-elect, for your generous words. and most of all, thank you for the trust and the responsibility of this appointment. i will do all in my power to love up to your expectations and to this moment for our country and for the world. and i gun by thanking my family -- i begin by thanking my family for empowering me and encouraging me to take this task on. secretary-designate blinken, we've worked together for many years on the foreign relations

committee and at foggy bottom, and it will be a huge pleasure to partner with you again. you will be a terrific secretary. mr. president-elect, you've put forward a bold, transformative climate plan, but you've also underscored that no country alone can solve this challenge. even the united states for all of our industrial strength is responsible for only 13% of global emissions. to end this crisis, the whole world must come together. you're right to rejoin paris on day one, and you're right to recognize that paris alone is not enough. at the global meeting in glasgow one year from now, all nations must raise ambition together or we will all fail together. and failure is not an option.

succeeding together means tapping into the best of american inyes e knew few, creativity -- ingenuity, creativity and diplomacy. from brain power to alternative energy power, using every tool we have to get where we have to go. no one should doubt the determination of this president and vice president. they shouldn't doubt the determination of the country that went to the moon, cured supposedly incurable diseases and beat back global tyranny to one world war ii. this kind of crisis demands that kind of leadership again, and president biden will provide it. the road ahead e is exciting, actually. it means creating millions of middle class jobs, it means less pollution in our air, ocean, it means making life healthier for

citizens across the world, and it means we will strengthen the security of ever nation in the world. in addressing the climate crisis, president-elect joe biden is determined to seize the future now and leave a healing planet to future generations. 57 years ago this week joe biden and i were college kids when we lost the president who inspired both of us to try the make a difference -- to try to make a difference. a president who reminded us that here on earth god's work must truly be our own. president joe biden will trust in god, and he he will also trust in science to guide our work on earth to protect god's creation. mr. president-elect, vice

president-elect harris, i look forward to getting to work. thank you. >> thank you, john. >> thank you, secretary kerry. and congratulations, mr. president-elect, on bringing together this extraordinary team. i have always believed in the nobility of public service, and these americans embody it. their lives and careers are a testament to the dedication, sacrifice and commitment to civic responsibility that has strengthened our democracy and kept america's promise alive for more than 200 years. president-elect biden and i have long known that when we were

elected, we would inherit a series of unprecedented challenges upon walking into the white house. addressing these challenges starts with getting this pandemic under control, opening our economy responsibly and making sure it works for working people. and we also know that our challenges will require us here at home to overcome those issues that block our ability to proceed. our challenge here is a necessary foundation for restoring and advancing our leadership around the world. and we are ready for that work. we will need to reassemble and renew america's alliances, rebuild and strengthen the national security and foreign policy institutions that keep us safe and advance our nation's interests and confront and combat the existential threat of climate change that endangers us

all. i take these issues very seriously. my whole career has been about keeping people safe from serving as district attorney to california's attorney general, to the united states senate where i have served on the intelligence and homeland security committees. i've come to know firsthand the gravity of the challenges and threats facing the united states. and over the past few months, i have also come to know the sound judgment, expertise and character of the people on this stage. i can say with confidence that they are, to a person, the right women and men for these critical positions. and i look forward to working alongside them on behalf of the american people. and on behalf of a president who will ask tough questions, demand that a we be guided by facts and

expect our team to speak the truth no matter what. a president who will be focused on one thing and one thing only, doing what is best for the people of the united states of america. when joe asked me to be his running mate, he told me about his commitment to making sure we selected a cabinet that looks like america, that reflects the best of our nation and that's what we have done. today's nominees and appointees come from different places. they bring a range of different life and professional experiences and perspectives. and they also share something else in common, an unwavering belief in america's ideals, an unshakable commitment to denial crass, human rights --

democracy, human rights and the rule of law. and they understand the indispensable role of america's leadership in the world. these women and men are patriots and public servants to their core. and they are leaders, the leaders we need to meet the challenges of this moment and those that lie ahead. thank you. >> [inaudible] [applause] >> all right. thank you, folks. [inaudible conversations] neil: all right. i always wait thinking that maybe he's going to take questions. that rarely happens, and it didn't happen right now. six of his cabinet appointees have already been announced. we're told that he is working on

another three or four that could be announced in the days still to come. john kerry has a cabinet role as a leader on this climate change, the envoy or czar, but he-a very prominent -- he will have a very prominent role in his administration. let's sort of pick apart who he has chosen and why he's chosen them and a cabinet that the vice president-elect was minute to be representative of the diverse american public. marie harp is with us right now, served with, of course, obama. brian brenberg, kings college of business and economic professor. brian, ended with you, so if i could begin with you, your thought on the folks who are going to make up this cabinet right now. you know, republicans have said, all right, this is back to a traditional cabinet, one that emphasizes the values of the

prior president not the current president. your thoughts. >> well, they're familiar faces and names if you've paid attention to the foreign policy establishment, and i think's really going to be the issue here, what kind of policy are you going to get out of these folks. we heard a lot about their resumés, and we've heard a lot about their families. you heard a lot less about what they're going to pursue as priorities. they talked about multi-laterallism, they talked about rebuilding and reassembling ally relationships. but what does that mean in terms of america's leadership? they used that word as well, and one could argue that the 2016 election turned on the question of what happened to america's leadership on foreign policy, and that was something that president trump ran on and said we're going to do things differently. we're going to assert american interests. we're not or merely going to try to lead from behind. this is a group that talks about reasserting its seat at the front of the table, but taunt it's a group that -- but at the

same time, it's a group that for many years was deeply involved in the obama administration's policy of deferring to allies and others around the world. so i think there's some big questions here that did not get answered. didn't expect them to, but they certainly didn't get answered in this press conference. neil: right. will any of these individuals so far have problems getting confirmed in the senate? that's making the assumption that it will remain a republican senate. not a slam dunk coming the january 5th runoff in georgia, but what do you think? >> well, you never know. that's the cop answer. they all -- copout answer. they all look pretty clean, and most of them are had some sort of senate confirmation and have been approved by republicans. and this list, neil, was frankly designed to avoid big senate confirmation fights. so, you know, i think what we learned today, a couple things. one, we learned that sort of rejoining the iran deal is going to be front and center for this

administration. they clearly don't think it was a big mistake. they think it was something they can rescue and cure, and they want to move forward on that. you also heard the ambitions of john kerry saying they want to do something beyond paris, that paris isn't going to be enough. he clearly articulated that. and finally, you have this sort of role of what kerry's going to be, and he's going to be floating, it looks like, inside the national security council. but, you know, as marie knows, a lot of decisions are made before they get to that upper level at the national security council. so i'm a little bit confused on how that's going to work and if there's going to be any tension between former secretary of state john kerry and the incoming secretary of state, tony plunken. because john kerry clearly has direct access to the president and has a big portfolio and a big brief. finally, i think the only thing we'll really remember is gumbo diplomacy, and that sounds like something we could all probably use this season. [laughter] neil: yeah, i liked that. it was a very nice reference.

you know, marie, we talk about frictions that sometimes are set up quite deliberately are. richard nixon with his national security adviser in kissinger and secretary of state at the time. it was almost predestined they were going to be at each other's throats and, indeed, they were. presidents like to have, you know, raucous debates among their key officials. nothing wrong with that. but to touch on something that hans brought up and i was thug it too, john kerry is the big elephant in the room here. and you don't ignore the bug elephant in the room -- big elephant in the room, or do you? >> linda thomas-greenfield is an american treasure, i agree about gumbo diplomacy. you know, neil, i've worked with the people on that stage including my former boss john kerry, and i think that whole team has spenter years working together. -- spent years working together. when you look at climate, it's not just a diplomatic issue.

that's a huge part of it, but tony blinken has a lot of different diplomatic issues that will be on his plate. john kerry has spent the last four years running an organization called world war zero which has brought together academia, the private sector, public experts, sort of all forms of experts to tackle climate change. so it's not just diplomatic. john kerry, because of his experience and relationships, will be able to pull in the different pars of the government that can -- parts of the government that can help tackle this really big challenge. and i think the big takeaway from this, neil, except for john kerry, everyone else on that stage is a career policy professional. they're not politicians, they don't run for office, they have spent their lives in the trenches doing the hard policy and intelligence work, and i think that's what the biden team wanted to put forward today. it's a return to expertise. it's a return to, in some ways, especially in intelligence nonpartisan intelligence. and so that was the message if,

i think in part, that they were trying to put forward today. neil: you know, brian, i'm not taking e anything away from those with governing experience. i am saying though so far no one from private enterprise, no one from private buzzes. even john -- businesses. even john kennedy had an auto executive assume a prominent role in his cabinet. and we've seen, you know, barack obama reach out to the other side to populate, you know, his cabinet. and that might still come. but i'm wondering if the that's, if that's but design, whether he just has an inherent trust of those who have long government service, might not be politicians, but long government service. because you could effectively argued that it worked and then it didn't work for donald trump when he went outside the normal petrie dish and selected the exxonmobil to be husband first secretary of state -- his first

secretary of state. i'm just wondering what message he's sending this by relying so much thus far on government types. >> well, he's sending a message to the establishment that the establishment is back. it was interesting to hear marie talk about the virtue of career servants in these areas, expertise. and i get that at one level, but at the same time, i think a lot of americans say the problem in d.c. is that year after year, administration after administration we get the same kinds of folks. they go to the same educational institutions, they come up the same way, they end up in these roles, and we don't get anywhere on the international stage. finish you know, one of the reasons we got some breakthroughs during the trump administration in the middle east and elsewhere is because you had some different folks at the helm doing something different. so i think biden wants to show d.c. that d.c. is back. but i'm not sure in the heartland, you know, jake

sullivan talked about coming from the heartland. i'm not sure in the heartland people are going to be all that eager to hear that the establishment is back and running the show once again. brian: you know, hans, on that we're going back to the paris accord, and, you know, say what you will of the bull in the china shop against the president and quitting that agreement, there were legitimate beefs and concerns about whether we were putting disproportionately much of the bill -- footing much of the bill and that the chinese and the indians to a point got a pass, particularly the chinese. is this signaling that this administration would go back to that? maybe address some of these earlier grievances? maybe not the way that donald trump did, to quit the whole thing, but what do you think? >> they want to go beyond paris. i think that's pretty clear. now, the pop before is that you couldn't get -- the problem before is that you couldn't get the indians and china to that

baseline level, and that is where the holdup is. so the goal is to move the yardstick even further, that makes the task of bringing developing countries and however we're going to refer to china and india into that fold. so, you know, it's certainly a challenge. i mean, i do think everything we hear from top biden officials is that climate will be reflected not just in international diplomacy. you heard biden hint at a little bit a sort of domestic economic security, also national security. this is going to permeate the government. janet yellen, who is going to be formally announced probably next week as treasury secretary, is a longstanding advocate for a carbon tax. so it will be a whole of government approach on climate. but i bring you back to the early part of your question, you know, are these people going to get confirmed? yeah, they're likely to get confirmed, but is putting climate front and center going to get buy-in from the united states senate especially if republicans are in control. and i think that's more of an

open question. one other quick note stylistically when the president-elect introduced tony blinken, he said i can't think of none that's more qualified for this role than tony blinken. i really want to zoom in on john kerry at that particular moment -- [laughter] no one's more qualified than tony blinken. neil: all right, all right. you always find stuff that others are missing there. marie, this is dow 30,000 plus day. and i'm wondering the backdrop of this is the change, and a lot of it you hear from the wall street types that say there's a sense of closure here that the gsa is going to allow the transition process to go on which was signaling that donald trump allowed the gsa to allow the transition process to go on. but a lot of these initiatives we're hearing spelled out by some of these prospective cabinet members don't come cheap. you know, environmental initiative, a $2 trillion climate change -- that money's

got to come from somewhere. the stimulus efforts that, for example, janet yellen might endorse as treasury secretary, that money's got to come from somewhere. and i'm wondering raising taxes on the $400,000 and over crowd, is that enough to cover it? i know when it comes to things like, you know, green plan and all the rest you get green from a lot of other places here, but i'm just looking at dollar signs. what do you think? >> yeah. and i think's why you heard secretary kerry really hone in on the economic argument. the number of green jobs we have already created here at home, the fact that clean energy is much more profitable in almost every place thanker for example, fossil fuels -- than, for example, fossil fuels. big energy companies themselves are helping lead this way in this green revolution because they know there's money to be made there in addition to just being good for the planet. so while i think wall street probably doesn't support every

single policy that each one of those public servants put forward or will put forward, they also don't like chaos that we've seen over the last four years. pulling troops out based on a tweet that nobody else in the administration has heard of, getting out of accords like paris or iran with nothing to replace them. it's a haphazard way that president trump has done foreign policy including, of course, in trade which has hurt so many americans -- neil: okay. >> -- farmers and factories because of his trade wars. so i think, actually, there's more there to like with wall street than -- neil: maybe there is. i was just watching hans' face though to see whether he agreed with you then -- >> i think hans always agrees with me, neil, right? neil he probably does. he's a tough judge. thank you all very much. still holding over -- was in hi, this was the theater i came to quite often. the support we've had over the last few months has been amazing. it's not just a work environment.

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neil: hey, charles, to you. charles: thank you very much, neil. good afternoon, everyone, i'm charles payne. this is "making money." breaking right now, the market erupting higher as more concerns are taken off the table and wall street gets the treasury secretary nominee of its dreams. the smooth transition of power has begun at the white house even as the trump legal team fights on. we will, in fact, hear from jenna ellis later in the show. but it's madam secretary janet yellen that has investors dancing on clouds, clouds of joy and anticipation of lots of oozy money schemes for big businesses. plus, her name is not elizabeth warren. while the market is