his name is gary cohen. president of goldman sachs in new york and reportedly he is being considered for energy secretary in a trump administration. he sits on the invest and finance economy. one of the students dump trump. senior at au. thanks for coming on. >> thanks for having me. >> what is your complaint with mr. cohen. >> right, so, historically we have had many grievances with gary cohen. he is one of the board members who is the reason why we have $62,000 per year in tuition. and so the board of trustees, without any kind of democratic student input every two years decides on tuition increases. >> right. >> and so historically we have had student movements to try and get tuition freeze at the very least. so tuition will stop rising. buts the board of trustees has met every single movement with disdain. >> right. >> they don't listen to the students. and so this is one in a along line of events that. >> let me just say i'm with you. i want to raise my voice in agreement with you. schools are too expen

hasooks like gary cohen and some of the same personality traits.e firm's chief strategy officer. mentioning, he has the deepest or the broadest background at the firm. finally an outside shot as martin shaw this, who has been the chief information officer, effectively the technologist at goleman sacks. and some people can be talked about is the next potential ceo because of this idea that komen saxes turning into a technology firm. cohen,to go back to gary obviously goldman sachs is in the banking industry. what about the economics background? erik: i would point out must of the people who end up occupying the director position does not have deep experience. the current nec director doesn't end a private sector background. unusual to have some a common supposition that doesn't have a deep economic background. : they suddenly have a strong history of having a d.c. presence. mark: thanks for bringing this up today breaking news story. let's take a look at the way european markets ended on the session. since october, highest level since january. we ha

now gary cohen. when you look broadly across the administration, gary cohen at the nec. steven mnuchin, goldman alum as treasury second re, and steve bannon, also goldman alum, as the chief white house strategist. there is one cabinet post that has not been filled, still a lot of mystery around it, and that is secretary of state, rudy guiliani out of the running. donald trump put out a statement this afternoon, saying that he respected rudy guiliani's decision to stay in the private sector, he would have made a good cabinet secretary, said he would call on him for advice as appropriate. but that's got to be a big disappointment to rudy guiliani, who put in so much work as a surrogate for donald trump in the campaign. just like chris christie, who did the same, rudy guiliani is finding he is not getting the job he wanted in this administration, guys. >> all right. john, thank you. john harwood in d.c. the trump rally has given goldman sachs more than 30% boost since the election. but the chart master over here says the stock is priced to perfection. what are you looking a

he has selected gary cohen as the director of the national economic council director. also a report that he will pick cathy mcmorris rodgers choice foron as his interior secretary. and he kicked off the day meeting house speaker paul ryan for joining us now, blue barks -- our bloomberg politics reporter. that healso the news could appoint ambassador to japan. of these appointment's, which one stands out to you? they all stand out in various ways. goldman sachs, gary cohen, one more goldman sachs employee invest -- executive to be on the truck transition team, now his cabinet. if that is true, that raises a lot of questions. people are wondering where the swap draining rhetoric went for donald trump. he talked about reining in wall street, talked about how hillary clinton was in that was wall street during the campaign. now yet another member of his team coming from goldman sachs. trump dismisses those concerns. he says he is appointing people who know how to make money, people who can get the job done, people who know how the system works. he's going to brush those con

ask you off the bat, there are some reports this morning that the president-elect has selected gary cohene number two at goldman sachs, to lead his council of national economic council. can you confirm this? >> i can't confirm that but i can talk about gary if you want. i know gary forever. i worked at goldman from 1989 to 1996 and gary's a personal friend of mine. he's a brilliant guy and just an incredibly gregarious person as well. he knows economic and tax policy and one hidden gem about gary, he's got such a great expertise in the commodities markets. he originally came up through a group called j. aaron which was acquired by goldman sachs in the early '80s. i can't confirm if he's the pick but i got to tell you he's one incredible person and it's just another person that mr. trump has seen here at trump tower that is at the top of his game. >> let me ask about what randi weingarten said talking specifically about donald trump's pick for labor secretary. she slammed puzder saying he's anti-labor and anti-fighting for the little guy that donald trump promised he would fight for. you r

>> i think that's basically true and i think there's one thing you didn't mention and that is gary cohen from goldman sachs. lou: we did mention that. >> i know you mentioned him but you didn't mention who has won that job the economic policy counsel over and that's larry kudlow. larry kudlow the great economist who along with steve moore put together for donald trump's economic plan who has been with trump for a long time way back in the campaign and certainly a brilliant economist. i personally am very disappointed that trump made this pic and hired another goldman sachs guy over larry kudlow. lou: bannon of course is unique goldman sachs alone because he's an outsider of the highest order and his as anti-establishment as you can get. he's one of the guys that i really like as well. it looks like we aren't hearing from him. i then heard a word from him. he has disappeared into some sort of insular vortex within whatever it is that reince priebus is constructing over there. i am deeply troubled by the notion that people are feeding donald trump, i mean you know i begin to wonder does he

now we have gary cohen taking on one of the most important economic positions available at the white house. like a remake of these takes? what is the lower, and -- the allure, and what hole does it leave at goldman? >> as far as donald trump is concerned, hiring people from goldman sachs affirms him immediately in the wall street/capital markets. in his public affirmation for donald trump, that you have people from goldman sachs who bet theirg to careers on his presidency, and this is a man that goldman sachs would never do business with. it is ironic that he is now turning to goldman sachs to give him credibility with the public market. as far as goldman sachs is concerned, we all know it's a bit of a cliche, but they have a very deep bench. they have a lot of talent, and this is very healthy for goldman sachs, because a lot of firms, people would never leave and the with get discouraged and feel like they never had a chance to move up. now at the space of a few months, michael sherwood, mark swartz, gary cohn with, who put0 years waiting for lloyd white pine to move on. now it look

gary cohen. he works in the white house to be the architect of trump's biggest economic goals. he joins three other goldman sachs close to the administration. steve mnuchin worked at goldman before going on to a diverse portfol portfolio. steve bannon worked at goldman in the '80s and anthony scaramucci. >>> and two space cowboys set to meet with donald trump tomorrow along with others. jeff bezos is one. he joked during the campaign he would like top send trump into space. trump has targeted him on twitter. the coverage of trump and his coverage. bezos bought the post in 2013. elon musk runs tesla. just before the election. he told a business network trump was quote probably not the right guy for the presidency. the two will join the ceos of apple and alphabet and microsoft along with facebook's chief operating officer sheryl sandberg and others. as you know, silicon valley slow to warm to donald trump presidency. this is a mending fences. invitation from reince priebus and peter thiel kushner.

gary cohen was seen at trump tower. certainly, he had been in discussions with the turmrump team. ut the breaking news that gary cohn has been asked to head trump's economic council. for more ono d.c. this he cannot -- breaking story. this is bloomberg. ♪ joe: goldman sachs gary cohn has been asked to head trumps national economic council. he's been more than a quarter-century at the investment bank. joining us now for more on this oury and others is sa correspondent in washington. how does having a goldman sachs executive being the number one person in trump's ear on economic policy fit into the populace drain the swamp message? >> there are two ways to look at it. gary cohn, if he except the position, would be the third -- current or employee in a top position in donald trump's administration. there are twways to look at it. the first is you c arguably say having somebody from this elite bank that had a lot of employee in a top position in donald trump's administration. influence in washington a lifetime has not drained the swap. he has gotten criticism from some supporters for c

. >> that as gary cohen president of coldman sax. this is how the trump administration looks like 38 days with just the head of both the va interior and agriculture department still vacant. this morning, new comments from investigation into russia's alleged interference during the u.s. elections. here's what he told the daily star's trevor noah. >> the reason that i have called for a review is really just to gather all the threads of the investigation the intelligence work that has been done over many months, so that the public and our elected representatives going forward can find ways to prevent this kind of in impact on the elections in the future. >> meanwhile, trump remains skeptical of the intelligence community's assessment of the issue, even if congressional issues have a probe. andrea mitchell has more. >> reporter: the fallout growing after the unpress deptd attack against the president-elect against the cia, questioning the conclusion it was russia that hacked the dnc and john >> they have no idea whether it's russia or ch

. >>> there are reports goldman sacks executive gary cohen is trump choice to head the white house national economic council. he joins andy puzder the c eo of -- they're latest selections from the president-elect, but

and gary cohen is being forced out, possibly. is lloyd blankfein trying to consolidate? >> i wouldn't conclude the story in that way. i think that there has been enormous stability for a long, long time in goldman among the upper ranks of the firm. and i think what you're seeing in the context of some of the people going on, they have long tenure at the firm and i think they viewed it as a moment in time to go out and pursue other things. as far as gary is concerned, you know, gary is and has been an enormously positive force inside the firm. and i think, you know, the opportunity may well be presenting itself. i don't know the details. i read it as you do in the paper. but the opportunity may be there for gary to move into government. and i have every expectation he would be as positive a contributor there as he has been at goldman. but i wouldn't read into this sort of any -- any sort of story or plot. i think that these are all sort of events that are particular to the individual who is are moving on. >> presents opportunities, though, for other individuals like yours

now, gary cohen is highly qualified for the job. he's been at goldman sachs for 26 years.ou know, he's well versed in all things in terms of international finance. he knows kristine lagarde, angela merkel, mark carney very well. when you take a step look and look, it's controversial. another goldman sachs name donald trump is surrounding himself with and the secretary of interior is a new name he's putting out there today. >> reporter: that's right. well, first to your point about him being from goldman saks, it comes from the heels of steve mnuchin being tapped. of course, this is a president-elect who ran on a platform of draining the swamp. is he draining the swamp? that's what critics are asking today or is he putting more billionaires or people inside of wall street in these top positions. i got reaction from his supporters about that as well. two sisters, 75 years old, drove about 3 hours to be here. they say, look, he is putting people who are successful into these very important positions. on the other hand, you do have some of his supporters who say we'd really li

sachs will -- gary cohen is leaving the bank to take a job in the donald trump administration. goldman is likely to name martin chavez to replace schwartz as chief financial officer. said idrisn like has mates may climb to 3% on the tenure treasury -- interest rates may climb to 3% on the 10 year treasury next year. the chief investment officer has bondthe president elect's stance unfriendly. the benchmark treasuries are currently tracing it -- trading at less than 2.5%. proves -- yen improves prospects for company earnings. three months ago with the outlook up, but 5.5% increase in business investment for the current fiscal year was below estimates. global news 24 hours a day, powered by more than 2600 journalists in more than 120 countries. find more stories on the bloomberg. i'm angie lau. this is bloomberg. anna: let's check in on the markets now in asia. juliet has details for us. it's fed day and you can feel it, can't you? markets not going in a very convincing direction right now. juliet: things are very muted as you said earlier at the top of the show. still seeing a l

. >>> there are reports goldman sacks executive gary cohen is trump choice to head the white house national economic council. he joins andy puzder the c eo of -- they're latest selections from the president-elect, but all other things politics are jack berkman gop strategist and brendon daily democratic strategist. they're here, aren't they? here's -- there's jack. >> here's what we want to start with. this came out on the wires a few minutes ago. president-elect trump shutdown four of his companies connected to possible saudi arabia business the president-elect has been a little hesitant to do somes of this but he has to decision connect from these business ventures >> he's got to move faster. we're probe in agreement on this, tony brandon and i, i think he's developed a bit of a political tenure, he's saying the daughter will run the companies but the daughter has been on calls with foreign leaders. trump is probably going to have to divest himself of certain companies. he's come to that realization, dollars empire while president. i think the day he was elected. he felt maybe he could do

gary cohen met with the president-elect, and could possibly be tapped as director of the office of managementnd budget. a separate report said mr. cohen is considering leaving goldman sachs after 25 years. >>> the president-elect also said he will leave his business to focus on the presidency as concerns grow about how a global businessman can quarantine his personal interests from the nation's. robert frank now with what we know about the incoming president's evolving personal business plan. >>> donald trump tweeting this morning that on december 15th, he will announce he's officially stepping away from the trump organization. quote, while i am not mandated to do this under the law, i feel it is visually important as president to in no way have a conflict of interest with my various businesses. hence legal documents are being created, which take me completely out of business operations. now trump is referring to the fact that ethics rules that apply to cabinet members and other government officials do not apply to the president. but there has been a wave of publicity in the last week about h

thing that gary cohen probably has a lot of background in. an economic think tank.the white house perspective, trump perspective, gary is the guy who has started to do allng things kinds of things for the economy. >> what is going to happen to goldman if he goes to the white house? thank you so much. as the fed prepares to tighten in hongcost, shares kong are surging. keeping pressure on equities. an hour awaybout from the open. what is the risk here? are seeing increasing funding costs. it could become more expensive for people to borrow. are talking about the three-month interbank rate in hong kong. crunch signals concern about a cash exit us. xit.xi cash flows,bouts of we have seen currency depreciating along with the rate. in january, the hong kong dollar plunging to a 28 year low. that is the blue line. interest rates caused outflows from emerging markets in hong kong. go again?ere we should we start worrying about capital outflows? >> so far, we shouldn't be too worried. we are talking about implied volatility. the hong kong exchange rate isn't appreciating th

this is after gary cohen steps aside. goldman to name solomon schwartz to succeed gary cohen. are confirmed by goldman sachs themselves. david: it does speak to the strength of their bench. they don't miss a beat. they have these departures and they write themselves. schwartz joined the firm back in 1977 and became the cfo back in 2013. solomon is the cohead of investment banking in july 2006. what interests me now is that gary cohen moves and for a lot of people he was in line for the throne. how does it develop with these two people now? what happens when widely fine finally steps aside? david: this is not the first time that had dual heads of the company. jonathan: gary being one of them. the premarket this morning down ahead of the open. it is hard to draw the lines between the news we have had this morning and the premarket move itself. largely expected to have these two names join the top of the firm under lloyd blankfein himself to replace gary count as he heads down toward d.c. david: we are heading back to stephen engle under. this shakeup at goldman. does this affect

gary cohen is a democrat, wil wilbur ross, made his millions buying up distressed. peter navarro, is face of china trade hardliner, will trump be able to get these men to execute on conservative economic principles as ronald reagan it? joining miche me -- shelby holiday. david i start with you. he had a diverse group of economic advisors starting with vice president george w jeush george h.w. bush then don regan. and david stockman. he did not believe in tax cuts, jim baker,. it could happen again with the trump team? about it could. interesting about those people jack kemp was his advocate in congress. i think what trump is coming into is a congress that is friendly it the idea of economy growth being stimulated from corporate tax reform he is proposing and a reduction on tax and regulation on business. there is a diversity of background and agendas from others that you mentioned. i don't believe to tax and growth side he will have a hard time getting peep on the same page. david: the thing about reagan, he had this vision, he had been writing about the vision of t

he has picked 25 year veteran gary cohen to be his advisor. advisor.mic his role on the national economic council will see him help coordinate comes economic program. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. trade andill ahead, treasury. china launches a wto complaint against the u.s. and eu. rishaad: the global bond rout. you are watching bloomberg. sophie: the fed is widely expected to announce a late hike -- bondsday and a bunch -- ers are waiting we can say to a certain extent it started with some surprises on the u.s. economy. the u.s. economy will get more stimulus, that really gave it some speed. with an the last few days, with opec and oil prices surging to a 17 year high, it is putting more fuel on this bond market selling fire. let's look at bloomberg. at end of day basis, it traded at 2.5%, the highest in two circlethe little red benefit lower left-hand corner of your screen. yields doubling in six months. just the left-hand corner, before went into

donald trump's team continues to make with goldman sachs and gary cohen as he plans to move from wallshington. -- an interview with the we are halfway into the trading day on this job's day. abigail doolittle is here with the latest. >> we are looking at largely unchanged markets. the dow is slightly lower. the s&p and nasdaq are up slightly. tired trading with these unchanged percentages, telling us to

has replacedchs gary cohen. studya shift, but it is as she goes -- steady as she goes.ir mantra earlier was live to fight another day. revenue has not grown much this decade, but they have preserved the franchise. when they were founded, there key to the franchise was preserving clients lost. s. now you have two ceos, one who has done a lot with clients in the trading side, harvey schwartz, who has been the cfo the last three years. >> is is a great time to take over, because they have come off a lean trade and are looking for plenty more. at what the stock has done since donald trump have gotten elected. >> i think this is a fantastic time to become the chief operating officer of goldman sachs. we have increased our estimates -- 15% of goldman sachs. we take the stock price into an all-time high over the next 6-12 months. rate time to take over. -- great time to take over. for a colossal deal have collapsed. the merger plan dissolved, how surprising was this? i guess it is a bit of a surprise. over the weekend we picked up that they were reluctant to do a deal because

gary cohen president and coo is going to be heading up this is interesting. he mostly had left tennessee's. i used to work at goldman. way way back in the day. i have a summer internship there. at the time he ran the fixed income division there. a very smart guy. what i think is interesting here is that you have yet another example of summary on the other side of the aisle who is coming to work with donald trump. >> our focus has been on that. the countries coming together between two parties in this case. as another representation of that. we are looking forward to moving on and governing and having a country that stronger and safer. i can tell you that. there can be people that are saying goldman sachs he picked someone from goldman sachs speemac it's about what you've done. and president elect is looking at people on how successful they had been that's exactly what this represents. we are getting here. boris is gonna be running good to be running the inauguration set up your can be helping to tell us of what will happen. i'm the goodtime committee. tom is

gary cohen part of the wall street firm. he would work inside the white house to frame the debate on trump's biggest economic goals. he joins three other goldman sachs alums close to the incoming administration. treasury secretary pick steve mnuchin worked at goldman before embarking on a business strategy. steve bannon worked at goldman in the '80s and anthony scaramucci had two stints at goldman. >>> two space cowboys set to meet with donald trump tomorrow along with a slew of other silicon valley titans. jeff bezos is one. he joked he would like to send donald trump into space in one of his rockets. trump targeted him on twitter. bezos bought washington post in 2013. and elon musk. he told the business network that trump was probably not the right guy for the presidency. the two will join the ceos of apple, alphabet, microsoft and facebook sheryl sandberg and other executives to meet with president-elect tomorrow. >>> "early start" continues right now. >> donald trump poised to pick the ceo of exxon mobile as secretary of

his name is gary cohen. york and reportedly he is being considered for energy secretary in a trump administration. he sits on the invest and finance economy. one of the students dump trump. senior at au. thanks for coming on.

>> goldman sachs has promoted cfo harvey schwartz and david solomon as copresidents to replace gary cohenquite a bench at goldman sachs. at the same time, it is steady as she goes, isn't it? >> goldman sachs is making this move from a position of strength. their mantra from early in the decade was live to fight another day. goldman's revenues have not grown, but they have preserve d the franchise. the key to the franchise is serving clients well. you have 2 co-ceo of those. one that has done a lot with client, david solomon and the , other doing a lot with the trading side, harvey schwartz. who, for the past two years, has been the cfo. >> is this a great time to take over? they've come off a lean period where they have weathered well. or, is it a bad time? stocks, the only place to go is down? >> this is a fantastic time. now we think revenues grow, and we increased our estimates since election to over 15%, and we think the stock price hits an all-time high over the next six-12 months. great time to take over. redstone withdrew from the two companies. shares fell as the merger plans diss

hasy: goldman sachs promoted new leadership to the copresident roles. .hey succeed gary cohen >> thepily, has swung to recognize how much it does for society to have capable people going to government rate what a sacrifice that entails and how grateful we should be to those people, not the reverse. amazon a british customer received a special delivery last week. amazon's first delivery by economist roan. aviationed in his own authorities have authorized for drone test flights. they say they are conducting tests in the u.k. because regulations in the u.s. are too strict. offy: a rate hike to cap 2016. is backgs kathy haze with us. >> they certainly were. we didn'trt wasn't, think they would make such a dramatic move. 25 basis points, the increase was expected. 0.5%, as expected. it is only the second time the fed has raised its key rate since 2008, when it put the rate down to zero. now they say three hikes next year instead of 23 janet yellen cited stronger jobs, more inflation. taking a victory lap on the economy, as the bloomberg news team puts it. let's put all these questions to

think would happen in the campaign because we had an anti-business campaign with a commercial of gary cohen'sd face in it. this is a bit of an about face and cohen is not known as a hard right wing and i wouldn't say that's not the case. so the business guys are -- economics advisers are looking like economics people. the other guys are looking like economics people, too. i remember late -- we should go back. we can't gloss over -- the hardee's labor department head. >> yes. >> when roosevelt, fdr always said that's a representative of the unions. this guy's representatives of the anti-unions. >> you saw "snl" over the white? >> walter white. >> head of the dea. >> i had walter white on to ask him when he was -- you know, brian cranston. i had him on air to ask him whether he felt that apple had as good of a distribution business of mr. white and he felt the product was superior and apple may have a superior product but a great product and sell more of it. except if it's crystal methane not the apple phone. >> a craving for -- >> tight, tight. >> you can't take this away but i have not methan

gary cohen. anthony scare muchy is also reportedly unconsideration and steve bannon.'s senior counsel and chief strategist started his career at goldman sachs. >> -- >> this ad attacked clinton in october. but donald trump is doing the same thing. >> it is now abudget abundantly that the clintons set up a business to profit from public office. they sold access and specific actions by and really for i guess the making of large amounts of money. >> there is concern trump too might profit from the presidency. he's working to disentangle himself from his worldwide business empire. if his two sons take over as expected there could still be overlap. his children have already joined trump for a number of meetings. trump's team promising a news conference to address his business deals in the coming weeks after postponing it in mid december. trump slammed clinton for avoiding the media. >> she doesn't do news conferences. because she can't. for a number of reasons. but number one she's so does honest. shi doesn't want the people peppering her with questions. >> that expected n

michelle: goldman sachs the big investment bank is getting ready to replace gary cohen who is tappedlead trump's policy team. two current members will cochief operating officers in the new chief. alison: "7 on your side" with a consumer alert. the federal reserve will raise a key interest rate for the thirst time in a year. so here is what it means for you. student and car loans as well as the fixed rate mortgages should see little to no impact. adjustment rate mortgages, credit card loans could rise. the news of the fed rate hike was not received well on wall street. the three key u.s. indices plunged in afternoon trading. jonathan: i hate when it happens be it has been going up nonstop. still ahead for us at 4:00, the major air carriers that are joining forces. michelle: annual tradition in the district comes to an end. alison: also next the yearly reminder to water your tree. how fast it can ruin your christmas. and the number of calls across the country firefighters respond to every year. >> one former employee says uber through information uber gets your hand on when you ride. i

the goldman sachs heaviness of what seems to be shaping up in the administration, especially of gary cohenffice of management and budget. about this.awking a lot pointing out the hypocrisy of it, the way donald trump attacked hillary clinton for her connections to wall street. will anything, that, or does trump have a free hand to dip as deeply as he wants into the goldman pool? matea: i think it will be very interesting to see how he is received at these victory rallies. this is the first time we have a chance to see has reporters respond to him since he has made some of these decisions. i don't know how much the intricacy of the names being floated has sunk in with some people, but there has been a lot of focus on the fact that trump's will be filled with billionaires, with donors, with people who come from wall street, so i don't think it is a coincidence that they wanted to triumph the carrier deal and really give a nod to his pledge to working people. it is a balancing act. these are people he knows and trusts and wants to put in these positions, but it also seems to cut against the r

trish: breaking right now the new addition to the trump team we have learned that gary cohen that seath zero of goldman sachs will be the president of the national economic council. it betters our economy right now. it has been rumored for quite some time gary coleman of goldman sachs. he is going to produce talent as a highly successful businessman. get ready i am sure some on the left are sharpening their knife. he is moving over to the administration. i want to turn to the weather because it's not good. it's really cold out there. with thousands of flights that are being canceled. there in the grip of a dangerous winter storm. but it is supposed to be even colder soon. jeff flock is in the weather with the latest. better you than me. >> i have a guy here who is concerned about global warming as you can tell. if you can hold on for just another day we are going into the deep freeze. we are going down in the upper midwest to minus 15. getting to zero in green bay. it will be bad. this of course comes on the heels of a big snow you mentioned all of the cancellations yesterday. yesterda

ander trump is also considering gary cohen. and during the campaign, he railed against goldman sachs. he mocked hillary clinton for being controlled by that bank. >> nnk gold thatm be. >> continuing guys at goldman sachs. they have total control over him. just like over hillary clinton. he talks about he will beron robin hood. he didn't disclose that he is boring overing money from goldman sachs. ett didn't wanted the owner to know that he is owned stock, block and barrel. >> i think people who voted for him said he happens to be a rich guy with a beautiful wife and all that. he is different from the rest of the guys. >> goldman sachs didn't like trump. they gave hillary clinton hundreds of thousands of dollars. the fact is trump won't control goldman sachs. he is the boss. they have good peach at goldman sachs. >> he didn't run are for sach sax. he ran against it. >> he wants to -- >> he is giving them the game. >> mnuchin is a guy he has relationship with. >>, let me give tron last word here. imagine if he said all this befor

today announcing that he's picked someone to head up the national economics council and that's gary cohen, the current president and coo of goldman sachs, and of course, jake, during the campaign trump very critical of hillary clinton's ties to wall street and goldman sachs in particular. jake. >> ryan, thank you so much. diving deeper into the murky world of intelligence, cnn chief national security correspondent jim shoe doe is with me in washington. you have information about why russia was hacking these political targets. >> there's no disagreement about russia hacking the election. the intelligence community, fbi, democrats and republicans believe they hacked the election. >> meaning that they hacked into the dnc and john podesta. >> right. not votes but released those e-mails through wikileaks, et cetera. there's disagreement as to why they did it. our reporting is there is growing confidence in the intelligence community that the goal was to help donald trump. that's based in part on the fact that republicans officials and organizations were also hacked but not nearly as much infor

we understand he is meeting with gary cohen of goldman sachs this weekend.: yes, that is very interesting. if he does point cohen, we will have two former goldman sachs partners in his administration. which would be extraordinary. i think he is talking to a very wide range. cohn would surprise me, but that has come up. he has spent a lot of time in washington talking to a lot of different regulators and he has a very high-profile, so that would be a very interesting appointment. tom: i was flabbergasted by the president-elect's statement yesterday of consequences to corporations if they take jobs out of america. i believe i've never seen a threat like that from an executive or an executive elect official. what will be the outcome for american investment corporations if they have "consequences" from the white house if they make investment plans? stephanie: well, trump seems threats,rised that his that they followed his advice in indiana, i think it shows the power of words. i don't know what he can actually do concretely and whether that could be applied wide

. >> if you look at the nomination of gary cohen, he came from very, very humble, humble beginnings, self-made. >> that's one guy. >> okay. >> everybody -- >> not enough for you. >> everybody gets there somehow. you just said you've got to look at how somebody gets their own success, but what is the root of your concern? because part of it is the proposition in your op ed that you deal with the notion of whether or not the president-elect deserves a chance. i mean, the process would suggest he does. he won. he's going to be our president for four years. do you believe he deserves that chance that he won? >> well, they earned the opportunity. >> right. >> and we have to give it to them. it's just that some of the things i've seen so far make me wonder how effective they can be at taking care of the little guys because all of the people seem to be very successful people who really haven't had any recent contact with life as just an average guy. >> it's an interesting point because that's who got him elected, the little guy whose jobs got him elected. he's been calling in democrats also

hasman sachs gary cohen been confirmed as chief economic policy adviser.ing took aim at the pentagon most expensive weapons system. saying the f-35 program is out of control. you can look at the stock price to see the power of one tweet. anna: let us get the details on where the market is going. rally we saw the u.s. lose some steam yesterday with the s&p 500 being knocked him its record high. a mixed picture in the asian session. the msci asia-pacific pacific index eking out some modest gains but chinese stocks extending their worst losses in six months. despite the better than expected industrial output and retail space data. investors are focusing on the impact of the pboc's monetary tightening. this is the shanghai composite giving below the 55 day moving average. a technical charts here for you and another one looking at japan. sixthpix is on its straight day of gains. it entered the bull market last month along with the nikkei. this signals perhaps the topix has risen too far too fast. part of the gains in japanese stocks have been down to a weaker y

reporter: as for new hires, fox news has learned that donald trump has selected goldman sachs veteran gary cohen up the national economic council. but a big job vacancy remains open with many still wondering who will be tapped for secretary of state. >>> we obviously are way ahead of schedule when you compare us to past administrations include president obama when he was president-elect. >> reporter: mr. trump has more meetings planned monday including with gop rival carla fiorina whose looks he poked fun during the primaries and another with west virginia democratic senator joe man chen. forget this fox news sunday chris wallace sits down exclusively with president-elect donald trump in his first sunday show interview since winning the election. in washington, joel waldman, fox news. >>> dozens of school children got into the holiday spirit today all thanks to some philadelphia police officers. the 18th police district hosting children from the global leadership academy in cobbs creek for special christmas party. you can tell everybody was having a good time. district was deck out for the epp c

his name is gary cohen.dent of goldman sachs in new york and reportedly he is being considered for energy secretary in a trump administration. he sits on the invest and finance economy. one of the students dump trump. senior at au. thanks for