we have emily wilkins with more. emily, good morning. good to see you. >> good morning, frank.out to find out if the gop trifecta is starting with unity or chaos. if all members are present today, it will only take two republicans voting for a candidate other than johnson to deny him the gavel. johnson is projecting confidence. he struck a really optimistic tone when he left that meeting. >> people are talking through process and change if they want. i'm open to that. i think tomorrow will go well. >> now there are about a dozen undecided members. many who want to see federal spending cut and debt shrunk. one member who met with johnson said he would not think we would have a speaker by the end of today, but he said johnson was in listening mode. >> i'm happy with the way most people would say the same thing. are we there yet on everything? no, but we'll tell you. >> johnson is set to meet with some of the holdout members this morning in hopes of getting them to yes before the new session at noon. a number of members did hold up kevin mccarthy's speakership to 15 rounds, those

we have emily wilkins with more from washington.hing like a political pun. >> reporter: trump promised lawmakers he would ensure the current $10,000 cap on deducting state and local taxes would be raised, the so-called s.a.l.t. tax. dozens of republican lawmakers went to mar-a-lago to hash out the path forward on the larger bill. you can see the members of the s.a.l.t. caucus there meeting with trump. s.a.l.t. has been a contentious issue among republicans as a whole while lawmakers from new york, new jersey, california say the cap is hurting middle class workers, other republicans brand it as a tax break information for the rich. no doubt, raising the cap would reduce the federal income and increase the debt. the republicans got the buy-in at the start. it is critical for them to do that. congress member james comer was in mar-a-lago this weekend told me earlier last week that trump is likely going to be needed to get any bill across the finish line. >> i'm for whatever the president wants. i think that he certainly will have to ta

emily wilkins. fight over the speaker is one of many items on the list this year for washington to tackle. nippon steel sent revised bid for u.s. steel offering u.s. government some veto power and president biden has until january 7th to reconsider the deal. panama hikes fees for the waterway. voicing support for the h 1-b visa program. here to drill down on all of those issues, carlos gutierrez, former commerce secretary. >> pleasure. nice to be here. thank you. >> do you want to offer any context -- some weren't sure if trump was referring to the h-2b program, either way, he could have gone full maga, the issue of speaker and immigration, he seems to be siding the other way. >> it's an interesting point. if you think about the america-first doctrine, the question, of course, is what is in america's interest, the best interest. the h1-b program is in our best interest. do we want the world's b.s. est talent? yes. opponents to immigration said it's not fair because we're taking high skilled people f

emily wilkins, everybody. by the way, jimmy and kelly, i'll kind of just say this into the ether. i will say this. whatever you think about president trump, i do appreciate the fact that we're hearing from him and that we're having content from him knowing kind of where he stands. we may not always understand or agree with where that is, but at least i feel like we've heard from president trump more in the last five days than than. >> prior to the administration. but it. >> was funny for four years. >> but now watch how every single comment now is so huge. you know, it becomes entire industries are put on edge because of comments that he's made. he says. >> things such a macro way. yeah we got interest rates need to go down. yeah. what does that mean. where. >> and it may mean nothing i don't. >> know. >> maybe by the way, we should follow europe because the ten year german bund, their bond is 2.5%. we're at 4.6%, their germany is 2% lower on government borrowing costs. that's why the german stock market has d

we have emily wilkins with more on the speaker showdown. happy new year. >> good morning, frank. the next session of congress will begin at noon. first order of business is electing the speaker. mike johnson has the small majority. he can really only lose one to three republicans before he is in trouble. even though trump gave johnson his complete and total endorsement, there is still opposition. we know at least one republican, thomas massie, who won't back johnson. in the x post explaining his decision, massie criticized johnson's leadership. johnson, quote demonstrated that he won't tell the president what is achievable and not achievable in the house. he looks situational awareness himself to know what can pass and what cannot. now about a dozen other lawmakers have concerns about johnson and said they are undecided. many of them, including victoria sparks have concerns about the size of the debt. she said in a statement, quote, we must have a vision and concrete plan to deliver on president trump's plan despite countless discussions an

emily wilkins is joining us with this story emily, good morning. >> good morning, frank jimmy carterlf as an outsider. that, at times, is a great way to win a national election outsiders find out when they get to d.c., being an outsider can be a disadvantage. that was the lesson learned by not only jimmy carter, but president-elect trump, who is, of course, approaching the relationship with congress differently now in his second term for carter, although democrats did control both chambers of congress while he was in the white house, he was elected at a moment when many americans distrusted d.c. after watergate and vietnam. he butted heads with insiders in his own party. professor lori ner, who studied jimmy carter, said most are not willing to play the inside game. >> carter is a key lesson even if you have the majority, that if you take for granted the political strategy of it all, that you might not be as successful as you hoped. >> reporter: trump also ran as an outsider, but this time around, he's taking the time to build more connections with lawmakers on capitol hill. he met w

emily wilkins joins us now with the latest. hi, emily. >> hey, mike.today, it will only take two republicans voting for a candidate other than johnson to deny him the gavel. at least on the first round. johnson is projecting confidence. he told reporters this morning that he thinks he can win on the first ballot, but he's not offering to make deals for , at least not with individual members, no quid pro quo. trump wished him luck on truth social calling social, saying a win for mike would be a big win for the republican party. at this point it's still not clear trump's backing will be enough. there's about a dozen undecided members. many say they really want to see promises to cut federal spending, plus you have some hard line conservative members that want to have a bigger say in the process throughout the year. congressmen tim burchet said on "squawk box" he wants a serious commitment to reducing the national debt. >> of course, i'm concerned about fiscal sanity in washington. we talk about it. everybody runs on it and nobody does anything about it.

let's send it over to emily wilkins in washington for more on how this all came about. emily? >> dramatic day in d.c., but republicans have survived their first test of the new congress, re-electing mike johnson who is speaking now from the house floor as speaker on the first ballot. there was still some drama, though, three lawmakers initially voted for someone other than johnson. while another handful of holdouts held their votes until the end. not signaling how they would vote. eventually every single republican, save for one, thomas massie, did back johnson. johnson got everyone on board in part through promising a working group to help coordinate between doge and lawmakers on cutting federal spending. but some republicans, they still have reservations. the house freedom caucus released a letter moments ago signed by 11 lawmakers saying that there is always room to negotiate on the so-called leadership positions under the rules. personalities can be debated later, but right now there is zero room for error on the policies the american people demanded when they voted for pr

our emily wilkins has the very latest, as the deadline approaches. emily? >> hey, tyler. yeah, mike johnson could face a battle for his speakership tomorrow. if all lawmakers are present and they all vote for someone, it would only take two lawmakers to deny johnson the gavel. two republicans voting against him. and we know at least one republican, congressman thomas massie, says he's not going to vote for johnson. he criticized him in a lengthy x post for the way johnson handled the government shutdown battle last month, saying that downson, quote, already demonstrated that he won't tell the president what is achievable and what is not achievable in the house, and he lacks the situational awareness himself to know what can pass and what cannot. now, about half a dozen other members are also undecided. several of them actually met with johnson this afternoon, and leaving that meeting, johnson struck an optimistic tone. >> people are talking through your process, those kinds of things, i'm open to that, and i think tomorrow is going to go well. >> so, one big difference, o

emily wilkins is in washington with the latest on what lawmakers plan to tackle in the first few days. joining us with the implications is joe lavorna, a former chief economist. let's start with you, emily. what's the latest? >> we are getting more details right now about how. >> reggie:s are planning to tackle the first 100 days. we are now hearing that there is going to be one package, one giant package. it's going to have tax, energy policy, border security. yes, it is also going to have that debt limit. the breakdown at this point, because house republicans have a very ambitiousagenda, in february, next month, they will vote on a budget. that's going to unlock the process that's going to allow senate republicans to be able to pass this bill without any democratic support. in march, we will get more details from committees as they put together the details in this package, what comes, what goes. of course, early april steve scalise said before easter is when he wants to see a vote on this on the house floor. of course, to the senate soon after. of course, this is going to include th

emily wilkins has the very latest from capitol hill, what should we expect? >> reporter: as you can see, members are in the middle of voting, i think they are right in the middle, they have a long way to go, they are calling member by member, we had congressman tim burchett treat moment ago that he is expecting johnson to lose the first round. he just voted for mike johnson and we have seen a number of other holdouts go ahead and support him, could be because just before this started, mike johnson seemed to respond to some of the concerns from the fiscal hawks in the conference, he tweeted that he would be creating a working group comprised of independent experts to work with doge , also work with existing audits of federal agencies, and johnson was optimistic heading into this, saying he thinks he has enough support to win but, when asked how many rounds he would be willing to go, johnson said he is ready to go the distance, johnson said we have to get this job done and unify the conference and i'm here for the long run. it seems like johnson has swayed at l

my name emily wilkins. i have the honor of being the 117th president here at the national club, and i'm also a correspondent for cnbc here in washington. thank you guys so much for joining us for our event this evening. our headliners book event with craig unger the author of den of spies reagan carter and the secret history of treason that the white house and thanks to those you who are joining our discussion either live or by tuning in on c-span television and, radio, we're happy to accept from the audience. we will take as many as time permits. if you'd like to submit question, please email headliners at press dot org that's d ally and our s at press dot org right in the subject line. and of course you are in the room with us. you have cards, your seat. please feel free to write questions on those. i usually have you hand them to someone, then come up here and hand them to me. we might have to just have you come up here and hand them to me, so don't be shy. don't fight often. all right, well, just 14 day

emily wilkins. >>> president trump declared an energy emergency aimed at unlocking powers to jumpstart he issued a slew of executive orders in the energy industry after he was inaugurated. for example, resuming processing export permit applications for new lng products, pulled the u.s. out of the paris classmate deal. suspended offshore wind power leasing and revoked president biden's 50% ev target, 50% of sales be ev. here to talk more about energy regulation in the new administration, again, capital founding partner. john, let's start with an emergency emergency. is there one? >> there's no acute shortages at the moment, so it's curious descriptor of it. i do think that there is a lot of -- lot in the industry who felt hemmed in by the biden administration. there is their liberation to move forward if they so choose. in terms of acute supply situation, no, we don't have that thankfully. >> you know, you -- you put it interestingly, the if they so choose. what are they going to choose? because we've had many conversations here at the desk that it's not clear that even if you can produ

emily wilkins is joining us now with more. how would you bet emily? i would not be surprised if it is going to take more than one round. if two republicans decide to vote for someone other than johnson, we will be in for a battle for the speakership. we already have one, thomas massie. now so far johnson has prevented any other republicans in joining massie in saying they will publicly vote against him but there are a number of holdouts. the speaker of course met with half a dozen members iphis office. one was congressman ralph norman. he came out of the office and wouldn't say if he thought johnson would lock down the speakership today. but he was optimistic about the state of the talks and negotiations . listen to what he had to say. >> i'm happy the way it went. i think most people will tell you the same thing. are we there yet on everything? no, but we will continue. >> norman and the other hold out have concerns about the government spends and the growing national debt. they are expected to meet with johnson again and have another conversation th

. >> emily wilkins is in d.c.on what we can expect. >> this is the first time we're going to hear from bessent. lawmakers are going to have a chance to ask how exactly he would lead the agency. we know committee republicans want to focus questions on tax cuts and how to make them permanent. many tax cuts put in place in 2017 are set to expire this year. bessent in his opening remarks, he's going to agree on the need to make that happen, to make as many as they can permanent or at least extend them for a while. democrats also want him to answer about ensuring tax cuts don't end up being a giveaway for the wealthy. we also expect to hear about tariffs, debt and deaf ficitsde. trump decided he was the best combination of someone who could support and carry out his trade agenda but also be a liaison to wall street, wouldn't spook the market. bessent is really expected to be somewhat measured here. he's called for tariffs. a maximalist in terms of negotiationing position. he believes tax cuts is going to boost growth a

. >> emily wilkins, thanks. >>> coming up, just looking at moderna.harply in premarket down another -- i'm going to tell you about the high ones. take a guess. anyway, it's in the 30s. we'll tell you that after the break. take a look at the biggest premarket. >> hundreds. >> almost 500. >> the bge pmaet ligstrerkosers in the nasdaq. let's get a quick check on bitcoin. down more than 3%. squawk box will be right back. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow! >> no application fee if you apply by february 12th at university of maryland global campus, an accredited university that's transformed adult lives for 75 years. you're not waiting to win, you're ready to succeed again at umgc.edu. >>> there it is. shares of moderna are plunging the company slashed its 2025 sales forecast by a billion dollars.

emily wilkins. >>> when we come back, tesla expected to roll out delivery numbers today. a preview of what could be ahead for the ev maker. "squawk box" is coming right back. car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com >>> tesla deliveries are due later today. mark fields, former ford motor company president and ceo, also a cnbc contributor, and mark, what are you anticipating. we talked a little bit earlier with phil lebeau about what to expect. but there's a lot riding on this for the company. >> yeah, i mean, listen, the big question is are they going to be able to eke out some growth. i think you heard the numbers. they have to deliver about 515,000 units in the fourth quarter to get a little bit of that growth. i think they'll do it,

emily wilkins joins us for more. >>> good morning.makers paid their respects to jimmy carter the last two days. when carter was in the white house, he did not have the best relationship with congress. even though was controlled by members of his own party. carter, much like present electric trump, they both ran as outsiders and they really were outsiders when they arrived to washington, d.c. kimberly martin and the assistant professor said their unwillingness to conform to washington insider culture led them to clash with members of their own party. >> we saw people coming in is political outsider. we had two people learning to be president as they go along. sometimes that trips them up and sometimes it helps them in the end. for another parallel, carter with the deficit hawk. you try to root out wasteful spending and the government. that was also something which caused tension within his own party. other democratic lawmakers saw their victory and the trifecta as a reason to spend money on their priorities. carter was at the point of

emily wilkins joins us now with more on the gop agenda. good morning to you. >> good morning. hey, andrew. yeah. you know, trump had. >> this. >> record setting. >> first week in terms of what. >> he got done. >> but a lot of his. >> agenda. >> it really. cannot move forward without having action from congress. and that's the top goal for house republicans that are heading to. >> trump national. >> doral in miami to make progress on. this massive package that's really set to impact. >> so many different things immigration, the border, energy, health care, it's all going to be in here. and senator lindsey graham told meet the press with kristen welker yesterday that without congress approving some funding, some of trump's plans just. >> can't happen. >> here's the question for the republican party. we talk about doing this, but we don't have the resources. we haven't given the trump team the resources. tom homan, the border czar, said yesterday. without money from congress, i can't do this. he needs substantially higher, more ice agents. he needs to finish the wall and technolo