scott wapner. we'll be checking in with scott, as well as eamon a little later on in the show. meantime, as for the markets, they rally for the second straight day. the question is simple. is a clinton win priced into this market and if so, what moves do you make in your portfolio? pete najarian, what do you say? >> it seems to me, you're looking at things -- sorry, i've got a pretty good reverb in my ear right there. it seems we're going to get a divided government. because of that, it's going to be bullish. is it priced in? not sure it's completely priced in at this time. but i think we should expect volatility still in this marketplace. not the same kind of volatility than if it were a donald trump. but i think when we know so much more about where mrs. clinton stands on so many different issues versus the other side, that volatility starts to come back out of the marketplace. and i think a lot of it is probably close to priced in. but that doesn't mean there is still not some up side. i think there are some sectors that could react. >> anybody think we're in a situation whe

i'm scott wapner. our top trade this hour. the post-election tech route and whether it is safe to buy some of the most beaten down names now. with us for the hour today joe, jim, steve weiss, aaron brown with us as well. she is with ub -- steve called this the trump repositioning trade. facebook down 4% today. amazon 2, google 2.5. netflix more than 2. what's going on? why do the stocks keep going down? >> well, a couple of things. i think they're worried about clearly some -- particularly apple -- about what trump is going to do. is he really going to be that much anti-trade? everybody is watching that. i was watching "the 60 minutes" interview to see what he would say about trade. nothing. it's still on watch. the goal for the stocks that are ea easy, the ones that he has talked about clearly with policy and that's, of course, health care, financials, and that's the place you should go. i think there is some tech stocks that are good to buy. take a look at graphics. we'll talk about that later in the blitz. cavat, that's had

i'm scott wapner. the state of the trump rally and whether it's simply pausing or ending. for the hour joe terra nova, stephanie link, pete najarian, josh brown. want to begin with the major averages, which after hitting more records, a bit of a spinning your wheels motion today. dow jones industrial average up 31. s&p picking up a little bit, adding 7. the nasdaq up two-thirds of 1%. the russell after he wanteding its 15-day winning streak is back at it today. the question, pete, is whether some of these

i'm scott wapner. your market, your vote. as america goes to the polls, where will your money work today? joining us today is our panel. we do want to begin with a look at the markets. stocks hanging around, pretty much the highs of the day. dow jones looking at a nearly triple digit gain following monday's big gain. thatters the s&p 500, nasdaq following suit as well. the ten-year note yield 1.86%. americans heading to the polls today, including presidential nominees, hillary clinton and donald trump both casting their votes early today in new york. our don harwood closely following the election. he is here at the wall with the very latest. john. >> scott, hillary clinton's favored to win today t. pom versus shown her ahead by four points or so on a national basis. this is the battleground picture. if you look at the assessments. a lot of blue on that map. enough to get her over the electoral votes she needs but she has to deliver, significant amount of vote has been cast early, but not all of it. and so donald trump has to

i'm scott wapner. a tough trade this hour. the trump rally, and the great rotation. more records for stocks today and some new data showing just how much money is pouring out of bonds and into equities. the question is how long can it really last? with us for the hour today jim levinthal, scott brown, rob is with us as well. he is with ubs project wealth management, one of the barron's top 100 advisors. also joining us today is tom lee, the head of research at funds track global advisors. let's begin with the markets. a new record high for the nasdaq today. it's a violent move away from bonds and into equities. it continues to gain team. yes, the markets, josh, are in the red right now. bank of america was out with a note today. michael hartnet saying they've seen the largest equity inflows in three years and the biggest outflows in three and a half years, the biggest disparity between stock and bond flows ever. >> look, nothing brings out positive inflows to the fund industry like new record highs, and i think it's compounded by the fact that people were way, way, w

i'm scott wapner. why stocks are staging a big reversal this hour. the big names in tech that are falling and what it means for your money this hour. with us today joe it terranova, the brothers najarian. stocks opened at all-time highs boost ed by the financials and health care. tech, though, is rolling over. you can see it towards the bottom of your list down as a sector by 2%. it is taking some very big names, pete, with it. the chips are down. microsoft is down. and money is just going into other places post donald trump's election. what do you do here? >> the rotation in the financials and i think you can stick with those. yesterday i took off a lot of the financial positions, took off a few more today. scott, when you look at what's going on now, howard ludnick was on last night talking about how regulations, if those were put down a little bit, a little bit softer, druckenmiller again said exactly the same thing. if that's the case, that means the financials have room to run and there's plenty of room. there might be even more room. the paper

i'm scott wapner. our top trade this hour.t-election tech route and whether it is safe to buy some of the most beaten down names now. with us for the hour today joe, jim, steve weiss, aaron brown with us as well. she is with ub -- steve called this the trump repositioning trade. facebook down 4% today. amazon 2, google 2.5. netflix more than 2. what's going on? why do the stocks keep going down? >> well, a couple of things. i think they're worried

i'm scott wapner.he top trade this hour, the state of the trump rally and why some say it is now at serious risk. joe tear nrra nova with us -- >> it's got to give at some point. it does give. that is running out of steam. the dollar rise and the basically the bond sell-off. >> you think that's going to run its course? >> i do. i think we're still going to be anchored to europe, scott, and i think they're going to be providing an awful lot of stimulus over there. pushing on rates still. this is what draghi said. i'm telling you what he said. he has put that trillion dollars where his mouth is. he will continue to put the additional $700 billion that he has potentially there. i think those are catalysts for lower rates over there. >> weiss, i'm talking about over here, doc. >> you know, we're anchored to that. how are we going to run from $240 up to $300 on the ten-year. >> we already are on their way up there. ten-year yields up 65 basis points in a month. >> are we going to continue that rise? that's

i'm scott wapner. the state of the trump rally and whether it's simply pausing or ending. with us for the hour joe terra nova, stephanie link, pete najarian, josh brown. want to begin with the major averages, which after hitting more records, a bit of a spinning your wheels motion today. dow jones industrial average up 31. s&p picking up a little bit, adding 7. the nasdaq up two-thirds of 1%. the russell after he wanteding its 15-day winning streak is back at it today. the question, pete, is whether some of these leadership groups are strarting to show signs of cracks. the materials, the financials. some groups that had run a lot. >> i still like the financials. i still like the financials. i think the materials, yeah, they are way out in front of themselves. that doesn't mean that that means it's the end. maybe they pause for a while. you can see it happening in the steel stocks, for instance. today there was also a down grade out there. if you look at the financials, the financials have been absolutely on fire, and i'll tell you, the other thing is we talk about and we f

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i'm scott wapner. top trades this hour. the state of the trump rally and why the rising u.s. dollar could doom stocks. joe terra nova, josh broen, najarian brothers as well. we do begin with stocks pulling back after their post-election run. you might just blake the surging greenback, and that continues to rise. the dollar index now at its highest level in 2003. joe, you have been talking about this now for at least a couple of weeks. how big of an issue is it? >> it's a big issue when we get into january, and we hear from corporations what the impact has been and what the impact going forward could be. secondarily what will the chinese do as it relates to deappreciating their currency. >> why do you have to wait until january? >> no, it's not. no, it's not an issue. you are not going to get the headlines from the companies who are going to cite the appreciating dollar. >> you don't make the moves now? >> you have to have the reality of it in the upcoming quarter. right now you have to focus on a market that has clearly reversed the expectation that president-elect trump comi

i'm scott wapner. a tough trade this hour. the trump rally, and the great rotation.rds for stocks today and some new data showing just how much money is pouring out of bonds and into equities. the question is how long can it really last? with us for the hour today jim levinthal, scott brown, rob is with us as well. he is with ubs project wealth management, one of the barron's top 100 advisors. also joining us today is tom lee, the head of research at funds track global advisors.

scott wapner joins us. what did you find, scott? >> hi, kelly.ot off the phone with now outgoing ceo of herbalife, michael johnson, who told me the following as to the reasons why he has decided to step down as ceo after 13 years. he told me every c has a life term, that new blood is important, he thinks they have a great ceo waiting in the wings in rich gudis, who has been the coo and has worked for michael johnson for some 12 years. he says gowdyis is the right age, the right time. i asked him what role if any, battling with bill ackman has done to maybe push him out the door. he said, very little. in fact, his departure had little to do with bill ackman. he will leave in june of next year, the reach being herbalife has to comply with regulations. and michael johnson told me it was very important for him to see those through. that he wanted to do that 100%. also asked him about sort of his tenure as ceo. and he told me there was one thing that he wished that he would have done while he was running the company. of course, he still is, and will u

an interesting thing coming out of scott wapner's interview yesterday, he felt the short end of the curve needed to play catch up and expected that to happen. and if the u.s. does start hiking rates, while rest of the development world is not doing that, there will be more dollar strength to come. do you expect those factors to come through? could that offset your positive view on growth? >> certainly the u.s. is unsynchronized with the rest of the world. the dollar should strengthen. gary's right about that. the good news is you probably do want a stronger dollar in the sense the economy -- this is a relatively old business cycle. unemployment is under 5%. you want that dollar to take out the inflationary pressure in the system and not allow the fed to have to hike as much. i don't look at that as being a bad thing. let me also say this, 3%, low 3s next year for gdp, year after, these are not record setting growth rates. these are just rates we thought were easily doable four, five, six years ago. you look back at longer business cycles in the '60s, '80s, '90s, growth was upwards of 5%,

. >> all right, i'm scott wapner. "fast money" 5:00 p.m. tomorrow. "mad money" with . . . >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always a bull market squr. i promise to help you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. i am just trying to make you money. my job is not just entertainment but to educate. call me at 1-800-743-cnbc. >> the dow gains 67 points, closing over 19,000 for the first time ever. the s&p advancing .22 and the nasdaq climbing .33. we always hear about beats but what do they really mean? what's a great one? what really impacts the stock? what moves it. take out a pen and paper and let's do some learning. the best kind of beat, the quarter we got today from burlington stores. here is a discount clothing chain that has a track record of blowing the numbers and raising its forecast with the analysts aggressively following along. these kind of situations can be dangerous. after a while, the analysts want to g

i'm scott wapner. our top trade this hour. the stretch run. just one week to go now until election day. stocks off the worst month since january. just how volatile are things likely to get? with us for the hour today, stephanie link, josh brown, the brothers najarian. investors are bracing for a week of uncertainty. both the dow and the s&p just posting declines for the third straight months. you have session lows. the vix is hitting its highest level. what do you do here? >> whether or not it contributes to a done side move in the market, we will see, but we have seven days now at least until the voting is completed and then we'll see whether or not the process is completed. that's one of the wroerz, judge. that's why they're buying up side calls in the vix is because they're worried that maybe the process doesn't end on november 8th. >> are you starting to see that the market is looking at numbers and saying, hey, we're getting more nervous about exactly where this market is going based upon where he stands in the polls. >> weave talked abou

i'm scott wapner. our top trade this hour. the stretch run.e week to go now until election day. stocks off the worst month since january. just how volatile are things likely to get? with us for the hour today, stephanie link,

skblo let's get to scott wapner and "the half." >> welcome to "the halftime report."pe wapner. a lot to get to today in the markets, including the rollover and the continued one in tech stocks. first, new at noon today a new letter from paul singer's elliott management. >> hey, good afternoon, scott. i was about to say good morning. interesting words from elliott management. they always have a pretty long and well considered letter to investors. this one is no exception. for starters, they were up

>> i said this afternoon when i was on halftime with scott wapner. told the judge i'm actually warming up to chesapeake. i think it's a because natural gas we're exporting a lot, and mexico needs it. we were up there in ohio when we saw it with the late aubrey mcclen on. i like the stock. that's a big change of heart for me. and that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. >>> you want a rally that includes everything and everyone. that's the way it should be. you don't want a rally that just has the semiconductors or the banks or the oils or the financials. today was the day for the bond market equivalent names, the ones that act l

i'm scott wapner. our top trade this hour, small caps, big run.hat the russell record says about the trump rally and whether it can keep going. with us for the hour today, joe terra nova, josh brown,ing steve weiss, and pete najarian, and on set cnbc's jim cramer. he, of course, the host of cnbc's "mad money." jimmy, russell going for 16 straight. you got to go back to the 1980s to get a longer streak. what does it say about the trump rally in and of itself? >> i think the russell 2,000 is filled with companies that really have a hard time adjusting to regulation and that a lot of regulation is put through by big companies, and these are the companies that suffer. when you are in the waste management business, waste management is able to go to every single state and put through rules that make it so if you are less capitalized, you can't compete. that's a very good example of what i see happening in the russell 2,000. these have been secular losers ever since the era of overregulation. they will be secular winners in the year of underregulation. >

scott wapner and "the half." >> thanks so much. we are live today from the cme group's annual global financial leadership conference here in naples, florida, and what a line-up we have for you today. in just alt while we'll be joined by former speaker of the house of representatives, john boehner. it will be his first television interview since donald trump's upset victory. the chairman and ceo of the cme group terry duffy will also be with us today. first, we want to welcome in gary is president and ceo of goldman sachs. good to see you. thank you for being here. >> thanks for having me. good to be here. >> i think we should start in the obvious place. how surprised were you by the election result? >> honestly not as surprised as i think many other people. having seen what happened in this year, the year that i would call a year of great uncertainty, we've seen other results in other elections whether it be the columbia referendum or brexit where we've had very unpredictable results, where pollsters have gotten it wrong this year.

i'm scott wapner. yes, the trump rally stocks hitting another new record today. with the dow and the s&p now on pace for their best month since march. even as some question just how long the good times can last, some sectors appear primed to continue their post-election run. with us for the hour today, josh brown, steve weiss, sarat, the brothers najarian, and the -- chief investment officer at dell tech international group. also joining us from washington d.c. is michael far, the president of far miller and washington. let's begin today with the markets, financials, and energy leading the way. john najarian, this just maybe paused for a day or two, and you pick back up where you left off. >> it's such a broad rally too, judge. it's not just the one sector. of course, we're being driven by energy today. we've also got financials acting extremely well, and when we had the election and the day after and we were talking about that's why we've got a very broad based rally, and now you've got some of the rails really kicking in here too. >> but, pete, i asked you yest

scott wapner and "the half." ♪ >> the markets roll over and what should you do with your money just daysefore election day. with us for the hour today, jim levinthal, stephanie link, josh brown, john najarian. are the -- eight straight days of losses. hasn't fallen nine straight since 1980. 36 years. tech and health care among the groups that have been leading those declines. the vix is up nine straight days. i'm wondering if -- >> they believe that's a record. >> is it more prudent to have an exit strategy or a buying plan? >> i think you should have a winner to the up side. you want to be peeling money off with each one of these moves that we've seen. with the vix, it's been an kprierd move going from basically 12 to almost 23 in the course of a week. however, each time what we've been doing, scott, is we've been peeling off. we had the 1420 spread on. took it off. put more money to work on a higher spread and the higher spread now we're in basically the 2029 spread for the vix. you just -- i think you have to take some off the table because when the vix breaks, it breaks very quickly,

i'm scott wapner. the post-election rally and whether it is now running out of gas.our today jim levinthal, steve weiss, john najarian. stocks are taking a breather today. still, however, going for their best week in a couple of years. the dow is on pace for its best performance since 2001. josh, what is it? a breather because this trump rally is ending or a breather that is going to resume itself? >> so, i was on the show wednesday, and what i said was that i felt it would eventually subside, and i also felt and

scott wapner and "the half." >> thanks so much.live today from the cme group's annual global financial leadership conference here in naples, florida, and what a line-up we have for you today. in just alt while we'll be joined by former speaker of the house of representatives, john boehner. it will be his first television interview since donald trump's upset victory. the

i'm scott wapner. your market, your vote.ica goes to the polls, where will your money work today? joining us today is our panel. we do want to begin with a look at the markets. stocks hanging around, pretty much the highs of the day. dow jones looking at a nearly triple digit gain

skblo let's get to scott wapner and "the half." >> welcome to "the halftime report." i'm scope wapner. a lot to get to today in the markets, including the rollover and the continued one in tech stocks. first, new at noon today a new letter from paul singer's elliott management. >> hey, good afternoon, scott. i was about to say good morning. interesting words from elliott management. they always have a pretty long and well considered letter to investors. this one is no exception. for starters, they were up 8.4% year-to-date. this is through the end of september rather than october, but still, a very nice performance relative to the markets or the average hedge fund there. continuing to do well. they, of course, are no fans of zero interest rate policies, and they talk about that at some length in this letter as they often do. recall that last quarter they talked about the biggest bond bubble in history may be where we are now. now they're saying the macroenvironment that concerns us the most is accelerating inflation, which is interesting because there have been concer

. >> all right, i'm scott wapner. "fast money" 5:00 p.m. tomorrow.ney" with . . . >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always a bull market squr. i promise to help you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. i am just trying to make you money. my job is not just entertainment but to educate. call me at

stephanie link, now a portfolio manager at tia craft and still a regular on both halftime report with scott wapner and closing bell. at all times we try to run a diversified portfolio, seeking out the best ideas for value, income, and growth. we divide the portfolio into these segments and rank the stocks within them. so members who subscribe to the newsletter can pick among the stocks that suit their needs. i always liked the idea even as it often expoised me to an intention level of public scrutiny. i didn't give up the lucrative world of hedge funds where i had been before 14 years before that, where i managed to gain 24% per year versus 8 prls for the s&p for a less remuntive world for the sake of pain and suffering. i wanted to show you how real portfolios think with an open hand when they make decisions. unlike the way these money managers present themselves on television. i put it like that because when i see portfolio managers on tv, they never seem to make any mistake. they never seem to do anything wrong, and i've seen thousands and thousands of interviews. that's just plain unreal tissi

i'm scott wapner. our top trade this hour, small caps, big run.russell record says about the trump rally and whether it can keep going. with us for the hour today, joe terra nova, josh brown,ing steve weiss, and pete najarian, and on set cnbc's jim cramer. he, of course, the host of cnbc's "mad money." jimmy, russell going for 16 straight. you got to go back to the 1980s to get a longer streak. what does it say about the trump rally in and of itself? >> i think the

>> i said this afternoon when i was on halftime with scott wapner, i told the judge i'm actually warming up to chesapeake. i think it's a buy because natural gas, we're exporting a lot, and mexico needs it. chesapeake, we were up there in ohio when we saw it with the late aubrey mcclendon. i like the stock. that's a big change of heart for and that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. down came the rain and clogged the gutter system creating a leak in the roof. luckily the spider recently had geico help him with homeowners insurance. water completely destroyed his swedish foam mattress. he got full replacement and now owns the sleep number bed. his sleep number setting is 25. call geico and see how much you could save on homeowners insurance. my cold medicines' wearing off. that stuff only lasts a few hours. or, take mucinex. one pill fights congestion for 12 hours. guess i won't be seeing you for a while. why take medicines that only last 4 hours, when just one mucinex lasts 12 hours?

i'm scott wapner. the post-election rally and whether it is now running out of gas.ith us for the hour today jim levinthal, steve weiss, john najarian. stocks are taking a breather today. still, however, going for their best week in a couple of years. the dow is on pace for its best performance since 2001. josh, what is it? a breather because this trump rally is ending or a breather that is going to resume itself? >> so, i was on the show wednesday, and what i said was that i felt it would eventually subside, and i also felt and i still feel, scott, that we should not mistake people taking off protection trades and unwinding hedges for this massive new shift in sentiment. the most important take-away that i want everyone to is have is that the markets are not any more excited about president trump than they would have been about president clinton. what the markets hate more than anything is uncertainty, and then when they get certainty, no matter what that certainty is, typically the reaction is to buy. the reason why is because people sit on their hands, they worry,

i'm scott wapner. top trades this hour. the state of the trump rally and why the rising u.s.d doom stocks. joe terra nova, josh broen, najarian brothers as well. we do begin with stocks pulling back after their post-election run. you might just blake the surging greenback, and that continues to rise. the dollar index now at its highest level in 2003.

our scott wapner matching that reporting. they did buy last year for a lot more than that.everal billion dollars more than that. so a lot of people saying they overpaid there, but obviously, investors taking this as good news, up more than 30% today. as they anticipate, valiant will use proceeds to pay down its more than $30 billion in debt, mel. >> thanks so much, meg tirrell. where do we want to go from here? how about the move in valiant? >> i mean, given how levered it is, the enterprise value didn't move nearly as much as the equity value. i don't know, i'm afraid of valiant. i can't get on board there. gilead is interesting to me. and think back to the summer of '15, where everybody was falling all over themselves to do a deal at a disciplined good price and the market was super hot. they've gotten a lot of flack for not using that cash, and they're looking pretty smart now. so, you know, i think the guy deserves a pass. i know that the -- that hepatitis was a little weak. i mean, everyone thought it was going to be weak. so i don't think it was -- i like it, actually

." >> i'm melissa lee in for scott wapner. top trade this afternoon. the trump rally continues. the s&p just hit a new high. energy really screaming today. up more than 2%. with us this hour joe terra nova, steve weiss, sarat, and john najarian. also with us jeff curry, the global head of commodities research at goldman sachs. we'll get to jeff in just a moment. first to the guys. we have to talk energy stocks. >> take a look at the stocks across the board where are we're seeing steep gains. chesapeake up. marathon up 5.5. conco phillips, hess, all big winners on the day. does this rally continue? >> i think in the last couple of weeks certainly the place not to be has been energy in this quarter. i think this deal this morning, and i read jeff's note, which is fantastic, and the news over the weekend regarding opec, i think it gets you more sneptiveized to add back into energy once again. i don't know if i go to the refiners necessarily. i actually got long that this morning. eog, concho, those shale survivors, you want to begin to put them back on. >> you own some of the refin

scott wapner and the gang will be back in a flash. one of millin this company's servers.ccessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack. with the help of at&t, and security that senses and mitigates cyber threats, their critical data is safer than ever. giving them the agility to be open & secure. because no one knows & like at&t. >> chris kbhalen joins us live from new york city. chris, welcome back. >> thanks. happy turkey day. >> likewise. >> what do you make of it is runs we've had on the banks? >> we've had an amazing reversal. for years now banks have been managing in a falling rate environment. kind of in june when treasuries bottomed, they were thinking about a flat curve, but the fed raising bench marks and between the end of october and now really you've seen exactly the opposite. curves steepening, spreads widening. the good news is if you are a bank or a nonbank in the mortgage business, you make money this quarter on your market. servicing rights. you may lose money on the hedge

." >> i'm melissa lee in for scott wapner. top trade this afternoon. the trump rally continues. just hit a new high. energy really screaming today. up more than 2%. with us this hour joe terra nova, steve weiss, sarat, and john najarian. also with us jeff curry, the global head of commodities research at goldman sachs. we'll get to jeff in just a moment. first to the guys. we have to talk energy stocks.

i'm scott wapner. yes, the trump rally stocks hitting another new record today.w and the s&p now on pace for their best month since march. even as some question just how long the good times can last, some sectors appear primed to continue their post-election run. with us for the hour today, josh brown, steve weiss, sarat, the brothers najarian, and the -- chief investment officer at dell tech international group. also joining us from washington d.c. is michael

i'm scott wapner., the state of the trump rally and why some say it is now at serious risk. joe tear nrra nova with us --

i'm scott wapner. why stocks are staging a big reversal this hour. the big names in tech that are falling and what it means for your money this hour. with us today joe it terranova, the brothers najarian. stocks opened at all-time highs boost ed by the financials and health care. tech, though, is rolling over. you can see it towards the bottom of your list down as a sector by 2%. it is taking some very big names, pete, with it. the chips are down. microsoft is down. and money is just going into other

now it's time for the halftime report and scott wapner. >> guys, thanks so much. from post nine at the new york stock exchange today is face plant. why facebook shares are selling off today, despite a strong earnings beat. is it the best sign yet that tech is in trouble? with us for the hour today, john najarian, and our resident shark, kevin o'leary, the etf investments chairman. i want to kick things off with facebook.

i'm scott wapner. your markets, your vote. what a trump presidency means to your money. we have two wall street legended with us today to help answer that very question. nelson peltz and carl icahn, they will join us in just a bit. let's first take a look at how wall street is shaping up. highs for the day on stocks, 18,500. that's a gain of 185 points for the dow jones industrial average. the s&p 500 is up nearly 1%. nasdaq is higher as well. a picture that looks far different from where it did last night when the stock market was selling off as donald trump moved closer to the presidency. it is a far different picture at this hour. we are trading all of it today with pete najarian, josh brown, joe terra nova, and courtney gibson, who is also with us today for the hour. pete, i'll ask you to give us your view on sort of where the market looks today, what you think people should be doing because that's the most central question. >> well, the initial knee jerk, of course, was the sell. we're down 800 points, and everybody was in a frantic -- because of the fact that they

i'm scott wapner. your markets, your vote. what a trump presidency means to your money. we have two wall street legended with us today to help answer that very question. nelson peltz and carl icahn, they will join us in just a bit. let's first take a look at how wall street is shaping up. highs for the day on stocks, 18,500. that's a gain of 185 points for the dow jones industrial average. the s&p 500 is up nearly 1%. nasdaq is higher as well. a picture that looks far different from where it did last night when the

i'm michelle caruso-cabrera along with scott wapner and wilfred frost.utures at this hour, they're flat. they suggest a slightly lower open. remember the dow crossed for the first time in history yesterday. the s&p also seeing a record high. 9 out of 11 s&p sectors were positive yesterday. telecoms led the charge up 2%. the nasdaq also scored its fifth straight positive session also hitting a closing high of 5,386. amazon recovering a the selloff that we saw early after the election. charter communications and intel leading the charge. and also, the russell 2000. look at the chart. all back above -- and then the russell 2000, a quadruple for all the major averages yesterday. >> a superfecta. >> is that a gambling term? >> i learned that this morning from twitter followers. >> we wondered what's after a trifecta. it's a superfecta. >> i could go with that. yeah. we're watching oil prices as well. there seems to be doubts today whether opec will agree to a production cut. reuters reports a gathering in vienna yesterday decided to recommend the cartel debat

john boehner speaking out for the first time since the election in an exclusive interview with scott wapnerhe joins us now with the headlines. hi, scott. mr. boehner, i will say this, he looked relaxed, tanned, rested and ready, a happy man. >> he looks like a happy and more relaxed man. thank you very much. you can add speaker boehner to the list of those wondering what kind of president donald trump will be, how conservative he will be especially after the comments we have gotten from the president elect after the election, maybe softening his tone on obamacare and other areas of his agenda. i asked the former speaker what should be on the top of donald trump's list. and here is what he told me. >> donald trump is not an ideologue. he's barely a republican. he could be barely a democrat as well. nobody really knows where he's going. but made pretty clear during the campaign of what his issues are. but i would expect things like infrastructure, tax reform, and this will surprise you, but immigration reform are things that are doable in this next congress. >> it will be interesting to see w

. >>> i'm scott wapner and here's your cnbc news update this hour.dent obama welcomes his successor donald trump to the white house in about half an hour. it is the symbolic start of the transition of presidential power. vice president joe biden will meet with vice president-elect mike pence later this afternoon. hundreds of protesters took to the street in california last night protesting trump's election victory. police arrested at least 13 people after demonstrators shut down portions of the 101 freeway. the demonstration was otherwise peaceful. >>> walmart revealing its black friday plans saying customers will be able to shop a majority of its black friday deals online beginning at 12:01 a.m. eastern on thanksgiving morning. its stores will open thanksgiving evening at 6:00 p.m. local time. it's also offering its app users select black friday deals. >>> the rockefeller center christmas tree is beginning its journey from upstate new york. the 94-foot norway spruce owned by angie and greg was cut down this morning. it is the second largest tree to

that boehner interview was amazing with scott wapner.hat it seemed is you have a guy that wants to spend more and deregulate and not raise taxes. that's produced a rally that sam zell is talking about in the industrials. based on optimism. does it mean it just gets repealed. does it mean as they come down people come in and buy? >> right. as you know i've spent a lot of my time talking to guys who run hedge funds and most of them did not vote for mr. trump, but almost all of them seem somewhat enthusiastic about the prospect of a trump presidency. >> that's what i've been getting. i've been -- people like, i didn't go for him, but geez, i like what's happening. >> and they cite everything we've been talking about now for almost the last week from that first day rally last wednesday. namely the idea of course of a lot of money coming back from overseas in terms of corporate tax reform and the benefits that's going to bring here, maybe in terms of growth too if some actually is used for capital spending. the ideas well of less regulation,