that -- though that withdrawal created a vacuum that many ilieve led to the rise of the lambic state. how did that work out for him? >> no president goes into office with a doctrine that survives through the end of eight years. but if you have to sum up in retrospect, i'd say that it's a foreign policy that favors multilateral action over unilateral action. favors a limited interpretation of u.s. power overseas. some said too limited, that was definitely kenal to reduce the size of the u.s. military foot print and approached complicated global problems through negotiation. in the case of certainly aaron, certainly the paris climate acords. those were multilateral complicated gork that is took years and more than one administration. i think if obama were here he'd say i reduced our presence in afghanistan to 15,000 troops. i reduced our presence in iraq to 5,000 troops. it was 30 times that 10 years ago. i've increased our presence in receivera in the last year to between 500 and 1,000 troops. we don't really know how many. they haven't really said because of the rise of isis. i bet if

he will in return for getting putin help against jihad and i lambic state and cut a deal with sanctionsief to putin ignores what's been happening in ukraine and let's him have his way in syria and say, all right, as long as you don't touch nato we can work together. the problem with that is, putin never keeps his word. i think trump wants to do that deal. >> i got to think that trump has some understanding, especially with tillerson onboard, that this is a guy you've got to watch carefully. >> tillerson likes putin. >> timber son has done business with putin. >> we don't know that. >> sort of like in "the godfather" he did business with him but never liked him. >> fair enough. we don't know that. but he has done business with him. it's going to be fascinating to watch. thank you all. remember, if you have your own prediction for 2017, be sure to tweet it to us @jeronfnc. that's our show. thanks for watching. happy new year. we hope to see you right here next week. ♪ >>> russia ringing in the new year right now with a stunning fireworks display. this is a live look t moscow's red crowds

state. >>> and boeing reaching a $17 billion to sell jet liners to iran. but could the trump administration slow or stop dealing with advertise lambic republic?t is monday, december 12, 2016. and "squawk box" begins right now. ♪ >>> live from new york where business never sleeps, this is "squawk box." >> good morning. welcome to "squawk box" here on cnbc. i'm andrew ross sorkin along with joe kernan and melissa caruso-cabrera. the dow would open 21 points higher. the nasdaq looking to open 25 points down in the s&p 500 looking down as well, but only largely. stocks in china tumbled overnight after regulators banned insurance companies from buying stocks. the shanghai composite fell 2.5%. the hang seng fell nearly 5%. and the nikkei closed higher by .08. >> do the rules ever stay the same there? every day there's new financial regulation that you can do this.