think you so much, ryan lance. ceo of conoco phillips.oe: alix steel with conoco phillips ceo ryan lance. scarlet: what did you miss? -- a few backed donald trump when the establishment didn't. what is next for these men under a donald trump administration? they have been reporting on this and joins us now. steve was very active in the campaign as well. he advised donald trump. >> it is hard to remember now that trump one, but it seems to do.crazy things to d we wrote in late august. his close friends were basically like, we don't understand why stephen is doing this. they thought it was a longshot bet but he is sitting pretty now. joe: a former goldman sachs banker. goldmaniled against sachs. in the final out of his campaign, he targeted goldman sachs specifically. there anything about his post goldman sachs experience that suggests -- >> listen, joe. after goldman sachs, he worked with george soros. he was there -- scarlet: along with janet yellen. >> the global elite. then he was producing hollywood movies. sachs, to soros, to hollywoo

i will be interested to hear from ryan lance. >> live from the dealbook conference interviewing. we look forward to those interviews. goldman on a tremendous run as there is lots of talk about repealing dodd-frank and other factors. comments earlier have chipotle up. >> chipotle is benefitting there. let's start with the dow's run into record territory. bob pisani has been tracking the action. >> the dow is outperforming everything up 1.4%. very unusual because the dow has a lot of stocks benefitting from lower regulations and the infrastructure play. remember the dow's price weighted. here is the biggest -- highest priced stock in the dow is goldman sachs over $200. that has a big weighting in the dow. how about benefits from higher interest rates? travelers over $100 up 3%. there is another reason the dow is outperforming. how about the infrastructure play? home depot another high priced stock. $129. that's up 3%. other infrastructure plays. where is 3 m. another dow component. another really high priced stock in the dow. $173. that stock up about 2%. the bottom line, you get a

i sat down with ryan lance, chairman and ceo of conoco phillips after the announced they would resumecks for the first time in 4.5 years. we touched on what his plans are with the donald trump presidency. ryan: we are sticking to the plan we talked about. have longerny, we cycle investments rolling off the portfolio. we talked a lot to our investors about putting more of that money to work in the unconventional place in north america. that was our plan for adding rigs and we following through, so no change for us as a result within the 48 hours. alix: if clinton had become the new president, would you have backed away? ryan: in no. we were firm in what we were trying to do an independent of the administration. we see the opportunities that the returns of higher-margin and bucks ability and discipline of what we can do for more of the investments we have. alix: who would you want to see in the energy secretary? ryan: i would like to see president-elect trump surround himself with deep, qualified broad people who understand the energy business. that is a tough challenge. it is not about

ryan lance. let's get to loomberg's "first word" news. mark. vice president elect mike pence is now leading president-elect donald trump's transition team, replacing embattled new jersey goff christoforous tifment a federal jury convicted two of his former aides in the bridgegate scandal. mr. trump reportedly wants to use mr. pence's washington experience to move the process along. an executive committee, including members of congress, will advise pens. house speaker paul ryan and senator majority leader mitch mcconnell are both urging resident-elect trump to select priebus, both leaders say the national committee chairman is the best choice. mr. trump's campaign chief is also said to be a candidate. in ohio, jurors have told a judge they can't reach a decision in the trial of a white former police officer who shot and killed an unarmed black man near the university of cincinnati. the panel is trying to reach a verdict on either murder or voluntary manslaughter charges against ray, who killed 43-year-old sam bose during a traffic stop in july o

lance's halloween costume. his parents made him a miniature good morning, i'm jenee ryan, it's eight-55 on this wednesday morning. we'll take a look at the day's top headlines in just a moment.but first justin roberts has our cbs 2 weather first forecast. the woman accused of sexually eg exploitinga former student will meet a judge again this morning. mary beth haglin was fired after admitting she had a sexual relationship with a washington high student while she was substitute teaching. she has been charged with sexual exploitation by a school employee.earlier this month - her lawyer asked her trial be moved because of media coverage. the prosecution argued haglin put moines area police officers has lawmakers pushing fo action. republican state representativ e ken rizer says he's going to draft a bill that would bring tougher punishment for those who target police officers and fire fighters. one possibility being weighed - increasing the manditory minimum prison sentences. rizer tells cbs 2 news he's looking at various crimes and penalties to determine what's best for his bill. groups have also been coming toge