now he is going to be joining steve bannon, former goldman sachs color, the current president of goldmanas at trump tower yesterday. the trump transition team, he is going to have a trump job as well. john: yeah, so, you know, hillary clinton who donald trump aroundted for paling with goldman sachs, for giving speeches to goldman sachs, does this not wreak of the most rank hypocrisy? >> if you were to list the reasons why hillary clinton lost the fact that people assumed that she was really close if not socially but also ideologically with wall street, that has to be one of the top reasons. people were suspicious of she mated to the white house, she would bring along all of the wall street friends. and by the way, hillary clinton does have wall street friends. john: donald has a lot of wall street friends, too. >> this morning, i made some calls and i said to hedge fund members, do you think trump supporters who loved it when he attacked wall street, do think they're going to be disappointed? they might be angry. their attitude was like, please. john: here's my question. i want to ask ab

that's a breakout here for goldman. >> goldman was trading below book value right before the electioneah. >> the book had been scrubbed clean. it was trading below its cash. closed its doors. that was crazy. is this crazy? i don't know. you're going to get a price-to-earnings multiple. >> the moves we're looking at for the banks as this year ends are pretty darn significant. morgan stanley up over 30%. now goldman up over 20%. bank of america 23%. a lot of that having taken place only in the last month. >> i know. you look at wells -- >> not even. >> well, wells obviously had a lot of problems, but wells is it even up for the year? >> it is. no, it's still down. little over 3%. >> even if you think wells the business is cut back, wells is down 3%. that's wrong. that's wrong. that's going to go higher. my trust owns that. i don't really care for it. just been stuck in it. but i've got to tell you that goldman sachs is going to do more business than we thought they were going to do and that really does matter. >> yeah, breaking out to a post crisis high is an historic moment for g.s. >>

he attacked ted cruz's wife for ties to goldman sachs. what do you say to the critics who say the appointment of steve mnuchin is putting the same people he accused of robbing the working class in charge of the treasury department? >> i would say steve mnuchin is the perfect pick for treasury. he was one of the architects and one of the folks who worked tirelessly with the president-elect to put together this tax plan, helping to take the economic populism message to all americans. as we talk about lowering the tax code -- lowering tax rates, how do we make sure we free up more money for hard-working americans. so really, steve was the one who got in there and helped develop the plan. it's really -- it takes someone like steve, who understands how the system works, how we can go make it more fair and help american workers to get in there and actually change it. the other thing i would say, too, is that it's been well over a decade since steve mnuchin was with goldman sachs. i would say steve has been a winner at everything he's done in li

but they're picking right from. >> mnuchin, goldman, bannon worked for goldman.ple that are populi populist. mnuchin and ross big donors. there's some element -- >> like donald trump. like donald trump. >> like donald trump, yeah. a huge democratic donor. >> i would be willing to put a lot of money that the most controversial cabinet pick is tom price. that's going to energize the democratic party. >> already has. >> against medicare. >> wants to revamp social security a bit. if the democrats are ever going to stand up in congress, they're going to stand up over him. >> let's stay on mnuchin. >> i did have some relief, mika, in this crazy whacky political system. it was nice that we sort of returned to political norms and niceties where democrats were only accusing republicans of trying to kill graham. went out yesterday and said -- >> if we are popping popcorn, you guys are jumping all over the place. >> no, we're not going straight by the script. >> that's fine. >> while we're talking about mnuchin, i'm just going to tell you that he's 53 years old. >> oh, real

there is a reason why people joke about goldman sachs. will this upset people in president-elect trump's base? >> not at all. for these economic-related position you have to pull from the financial industry. i think it shows you having someone extremely qualified who has the background for it. this isn't just a random successful former goldman sachs executive. this is someone who has been with the campaign since day one. he's somebody who was always on board with our populace message, our working class message. he's definitely someone from within his own ranks, not necessarily from the swamp. adamittomney meeting with president-elect trump. someone said they had frogs legs. it's like donald trump saying to mitt romney, i'm going to get yeah. would it be a bad idea to select mitt romney after he said horrid things about president-elect trump? >> adults in real life you can let by gones be by gones. -- bygones * be bygones . i have faith in mr. trump. he has had a chance to speak with mitt romney about what he would be like as secretary of

trading recommendations from goldman sachs. trade ideas and by mid february they had to abandon five of them. populisme first is on and it means everybody is looking at king dollar. what that means is the dollar is set to rise and the strength is underpinned by what donald trump will implement. in the u k, we are looking at inflation and brexit and a that will put pressure on the pound. and with the euro, there is anticipation that the italian -- could be to follow. so the relative compared to the euro and the pound, they would exit this position if it falls by 5%. of the post at donald trump trading environment, goldman sachs believes the inflation we are looking at will be a headline. there is a chart from goldman showing the gap between the 10 year treasury yield and the tenure --, the competition where the investors think inflation might go. goldman says this could go longer and i think it is interesting combined with the last thing, how much goldman sees 2017 trading environment really being informed by the triple x and to

there is another goldman guy, maybe why gary is there.chin is in the pole position for treasury. if you're viewer, want to he play the markets, who these guys, who gets the job and what they advocate because it will impact your portfolio. i'm telling you. this is a big story for investors, what is going on at trump tower right now. liz: fox business is on it, unlike some other business networks. >> what are they talking about? railroad stocks? liz: i don't know. >> price of tea in china? by the way, that station is so boring now. who watches it? liz: especially with charlie -- >> david faber and all those losers? liz: how to invest in any economy, forget trump economy, any economy. we'll tell you in a minute coming up. 's hurt, but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving a

one of whom cut his teeth at, you guessed it, goldman sachs. the billionaire world is still trying to understand the choices. both were early trump loyalists. they're both friends of his. but their resumes are causing some cognitive dissonance up against the message that trump preached out on the trail. take for instance, steve mnuchin. he was the finance chair. he is a yale man. goldman sachs partner, he founded his own hedge funds and once closed on tens of thousands of homeowners while his institution was still receiving government support. he has finance someday big hollywood blockbusters including avatar and others. >> and then there's first quarter ross. he bet bigly on struggling industries like steel, coal and textiles. did he help restructure one of trump's struggling companies. and they have benefited from the very free trade policy that's trump has promised to rein in. this morning, mnuchin and ross talked about what they wanted to accomplish in a trump administration. >> our number one priority is tax reform. this will be the larges

steve mnuchin 7017 years at goldman maximum. he's got movies in theaters right now.xpect him to be grilled during confirmation hearings on failed mortgage lending indymac. he bought that company on penneys to the dollar. >> he'll also be asked about "avatar" which he helped fund. >> he helped fund "avatar"? >> congress is obsessed about that. >> he will not be asked. let's talk about wilbur ross, he's a former billionaire to run congress. he's the face of american business around the world. he made a lot of money buying distressed companies and turning them around. when i say a lot of money, i mean a lot of money. he has deep roots in steel and coal. he knows how to borrow money and find value in companies. he represented trump's casino bond holders. and betty devos is also a billionaire with billions as well. >> billionaire worth billions is the right kind of billionaire. >>> cnn has learned that john kelly is emerging as donald trump tick as homeland security. telling our mark preston that the president-elect likes kelly's views on border security. he's the former

former goldman sachs partner a formeronition -- goldman sachs partner is being considered for secretary of the treasury. they also say trump plans to nominate wilbur ross. an announcement could come as soon as today. , donald template -- meanwhile, donald trump continues to audition secretaries of state. he will bring back kelly for an interview at trump tower in new york today. another candidate's former massachusetts governor mitt romney. he had a second meeting with the president-elect at a dinner last night. european capital president donald tusk has flatly rejected a call from british lawmakers for him to protect the right of expatriates after brexit. he hit back after being urged to broker a deal guaranteeing that british nationals in you countries and european nationals in the u.k. would not be forced to leave after brexit. , causingsed the claim anxiety and uncertainty. people have rallied in south korea's capital to 'smonstrate against park presidency after she yesterday offered to resign after an influence-peddling scandal. a fraction of her ruling party that previously suppor

he is another goldman sachs guy. but think about this. another goldman guy. the hedge fund. he is on the transition team. he is that treasury secretary. this is it for the republican party. he would report to president donald trump. we had we've known each other for a while. there is a fascinating chapter in the entire chapter is about him. he made a lot of money. he is a very imposing guy. although he's a very nice man. do we want so many guys sniffing around. i'm just wondering. between mnuchin in their and cohen. ben and i don't bennett i don't consider a goldman guy but he left. those other guys. should we be there. all of these guys. do we want that type of mindset. they have a chip missing or something. they are the smartest guys in the room but on top of all of that meet the new boss. same as the old one. i'm just telling you. charlie, thank you. look at the tao. 19,176. nearly a 20-point gain over what would be a record close. if the watch it right here. you are about to see it. has minority leader is fighting off a challenger for her seat at the table as a democrat

at the top, goldman sachs is the biggest contributor. >> goldman was cast as the villain so many times. hillary clinton getting paid to speak there was a big criticism. blankfeinmp had lloyd portrayed as one of the big corporate villains. we see far and away goldman being the biggest contributor, i think adding 170 points. julie: there is goldman at the -- the top. united health on talk about whether or not we are going to see a repeal of the aca. up, on talk ofg the dodd-frank being repealed. what is the danger in all of these -- essentially trying to forecast what will be happening. mike: i think you need to look at donald trump's wish list and figure out exactly what he's going to be able to get. the main question they are getting from their clients is about the corporate tax cuts. goldman is saying that alone could double the growth in s&p 500 earnings next year from 10% through 30%. that tax issue explains a lot about what is going on in the markets, even in if trump doesn't get the infrastructure he wants, a chance of a greater deficit and treasury yields rising this week, longer

a second generationhen nook goldman partner and he would be the third goldman partner to do in followingootsteps -- of robin rubin. monday, as he was leaving, he was asked by many reporters on the transition and they are a billionaire and a state representative from texas. meanwhile, president obama spoke and he can't ensure the public and nato allies at the commitment to the alliance will continue even through the administration. he expressed a great interest in maintaining our strategic thetionships and trans-atlantic alliance. i think this is the most important function i conserve. >> of obama said that he was impressed with trump being charismatic and practical. that theagmatic and approach will allow him to analyze the facts. trump will soon assume the important role of president. us.hat was su keenan for bringingcal service doctors and patients together. >> right. it is quarter to 11:00 here and this is bloomberg markets. >> steven angle is standing by with our next guest. >> a digital health check, apparently. >> good morning to you. well, the digital health check, yes. a bit tong

mark: you upgraded goldman sachs on outperform.ay events such as the election, exit, it may not favor a bank such as citi. elaborate on that. was a tough call. i think management has done a great job of reducing non-core and risky assets. capital deployment is going to be a big part of the story. there is a transition going on, a lot of investment in cards. if you think about the macro environment, if there is a cut iti doesrate taxes, c not have as much exposure to the relative to the group, that is negative and that there is more discussion about tearing up global trade agreements, i'm not sure the best place to be positioned is global. the big concern about global trade is slightly negative and the cut in taxes, which is good for the space overall, is not actually good for them. mark: you say it is the leading franchise in the group, but is jpmorgan a franchise that is trading at a premium? david: when the stock got to about -- we felt that was a fair value for the company wanted to the other space, so it is extremely -- it has

leave goldman to go on to government. why? because the beautiful little loophole that those massive amounts of goldman sachs stock that they own when they go to work for the government, they have to immediately sell it tax-free. that is a win-fall. now, steve mnuchin hasn't worked at goldman for a long time but remember, the subprime crisis crippled people in this country. >> and explain that for people. i was reading up on it. i didn't remember the history of this. he bought this little bank, not so little, in southern california that had all kinds of mortgages attached. >> remember, it was southern california where you saw a huge amount of subprime happen. this bank that he was involved in had something like 36,000 foreclosures and even the foreclosure practices were criticized for poor conduct. paul johnson was one of the biggest beneficiaries to betting against subprimes. when you think about what has angered america so much, they lost their homes, their jobs, rich guys got bailed out and rocked on and that's who is s

and has a son at goldman sachs.seems to be an anti-populous move to pick rich financ financr these jobs. >> woodruff: a statement was put out saying this is someone who made money at goldman sachs and bought a bank in california. tell us about that. >> some of the drnlings elizabeth warren and bernie sanders thinks anybody who worked for a bank shouldn't be the treasure secretary. other people feel having experience on wall street might be a good thing for treasure secretary. i think the reason mr. minuchin is controversial is not only he came from goldman sachs, which has been the center of criticism, but made a lot of money buying the bank in california, selling it, making a bundle and in between got grief because the bank was accused of being aggressive on foreclosures. so looked like he was a guy who profited off the financial crisis that caused so much harm elsewhere. >> woodruff: is that true? no. he profited because he bought a bank that was in trouble cheap, fixed it up and sold it. so to that extent, he mad

is goldman sachs -- does goldman sachs -- it's a big place.'t make this an overwrought question and answer, but does goldman sachs want the kind of energy independence that donald trump wants so we stop relying upon foreign sources of oil and unleashing energy off our shores and under our feet right here in the u.s., spur economic growth within our communities, do the hydraulic fracking that is unleashing the natural gas we have right here? >> i don't know. >> there are many different -- there you go. there's an answer. in other words, let's ask them. it's a tool of the big banks that gave -- i'll tell you one more thing he would do. he wouldn't take gazillions of dollars in speaking fees for big banks and pretend somehow he's going to regulate them or somehow he's going to be for the people. if hillary clinton were -- >> we have no idea what he has taken in speaking fees. he has given speeches for money. but we have no idea how much money because he refuses to release his tax returns. >> hillary clinton, as cnn has reported, she has made tens

mnuchin worked at goldman sachs for a long time.mp running against wall street and finance. yet, the man who is running up his economic team is a man who knows a lot and has worked heavily in finance, tal. >> yes, do you. in fact, he said goldman had total control over ted cruz, and it was a talking point on the campaign trail. and lo and behold he's on his economic team. keep in mind, you have senators like bernie sanders and elizabeth warn are who are going to be champing at the bit for steve mnuchin and use him as a proxy for all of their qualms on wall street. this is not going to be a pleasant process for steve mnuchin because he represents so much of what the democrats and donald trump ran against. but he represents someone who has been successful. and that's been a huge part of donald trump's appeal. and you know, there isn't a lot of pushback from the industry that the treasury would regulate. that's also going to benefit him. >> so we have billionaires, power brokers in the inner circle tal kopen. thanks for being here. >>>

instance.s for he wrote the book on goldman sachs.teve was an his father was a big deal at goldman sachs. one of those early partners. steve has less of an impact that goldman sachs. low footprint. he was fine. he was smart. was buying success the banks in california. he made a fortune. he turned it around and sold it. eight himself a billion dollars. invested in hollywood and became a player. next thing you know he signs up to be trumps finance chairman and now he is talking about treasury secretary. it is typical donald trump. taking people who are loyal to him and rewarding them. that is different than what he said, i'm going to find the best people. we are one a take them forever. i'm not sure he is doing that yet. i wish he would do that more. there is a lot of talent out there. maybe jim and -- maybe jamie dimon would but he said no. people will be happy to be considered. joe: the common thread is people who were loyal to trump, and beyond that we don't know about how he would be a treasury secretary. >> i have little idea. he w

another potential goldman connection to this team, potentially. if he left, he would be forced to -- >> sell goldman stock. >> at an all time high. >> at an all time high. >> and without paying taxes. >> tax free. >> i mean, this -- >> might want to do it just for the money. >> think of the tax -- some could argue that, you know, with this administration, they could be engineering a massive new fresh leg higher for the financials, he could be missing out on the upside gain on that stock. but i think not paying the taxes lessens the pain of possibly missing out on that rally. >> that's part of the rule that applies to people who have to liquidate. >> he joined treasury. >> you don't have a conflict of interest. >> exactly. the benefit also is if he goes back to goldman sachs and gets awarded new stock, that would be at a higher cost basis. >> for future taxes. >> also reports that cohn could be under consideration for a soon to probably be open fed jobs. >> yes, that is another, yeah -- >> the federal reserve under trump is also going to probably e

julianna goldman, cbs news, washington. (suggested anchor tag) ((paul joncich)) >>> trump adviser rudy giuliani said yesterday that trump's three children eldest children would not advise their father once he becomes president in january./// ((christianne klein)) with president-elect, donald trump, vowing to crack down on illegal immigration... the undocumented community is looking for ways to stay in the country. as karen castro found out.... a tech cop valley is promising an easier way to apply for legal status. ((workers cheering )) ((karen castro)) cheers in celebration of file right dot com's grand opening. the online company moved it's headquarters from silicon valley to henderson. among the crowd are workers with personal connections to the internet business. ((sergio severo - mom used immigration website: i'm first generation italian, parents were both born and raised in italy.)) ((karen castro)) sergio severo's italian mother used the website to apply for u-s citizenship... ((sergio severo - mom used immigration we

here is the biggest -- highest priced stock in the dow is goldman sachs over $200. that has a big weighting in the dow. how about benefits from higher interest rates? travelers over $100 up 3%. there is another reason the dow is outperforming. how about the infrastructure play? home depot another high priced stock. $129. that's up 3%. other infrastructure plays. where is 3 m. another dow component. another really high priced stock in the dow. $173. that stock up about 2%. the bottom line, you get a lot of stocks, infrastructure and you got new highs and an outperformance. >> it's a quite different story at the nasdaq right now. some big decliners weighing on the performance of that index. >> it is a tale of two markets within the nasdaq itself. it is large cap tech selling off. that is why nasdaq 100 is down. a lot of traders are saying it is not just the issue of politics. you had jeff besos coming out against donald trump and potential policy issue whz it comes to visas which are important to the big tech companies. they say some high beta names are selling off al

we have all of the details. >> goldman's tax -- goldman nugent.ampaign national finance chairman and has been considered the leading candidate according to those frail your. this is -- according to those familiar. this is consistent with donald trump. the pattern is loyalty to his closest allies. he served as the campaigns national finance chairman. he is a second-generation goldman partner and were he to become the secretary, he would be the third goldman partner to do so. following in the footsteps of robert ruben and hank paulson. he was seen at trump tower on monday. as he was leaving, he was asked by reporters the context of his visit and he said that he was just helping out with transition. the transition team also said to be considering -- as a dimonentative and jamie although the final decision has yet to be made by president-elect trump. an appointment will probably, sometime later in the week. president obama spoke out about his recent meeting with president-elect trump and said that he can assure the public and the nato allies that the

goldman sachs executive steve mnuchin and billionaire businessman wilbur ross. mnuchin confirms he's trump's pick for treasury secretary and ross is tapped for congress secretary, also. trump makes a huge promise. he will break ties with his many businesses so he can focus on running the country. trump made that announcement in a series of early morning tweets one of those tweets says he will unveil the details of all of this during a december 15th news conference. all of this after mitt romney, who's under consideration for secretary of state, breaks bread with trump at a posh new york city restaurant inside trump's international hotel. all right. so, we're coverig all of these angles with our team of reporters. let's begin with cnn's sara murray. good morning. >> good morning, carol. lots of news this morning. and today, trump's transition team has just made it official that they have chosen steve mnuchin as the next treasury secretary. this is really a loyalty pick for donald trump. this is a guy who was his campaign finance chairman who's been a close econom

worked at goldman sachs gutting the middle class.really important. 17-year career at goldman sachs, moved as hollywood producer there, a trump campaign finance chair. he has a more diverse portfolio than just a goldman sachs banker, to be clear. this morning telling reporters he is really knee deep in this tax reform that is issue number one and he and wilbur ross at commerce advising this president for some time, already working on ideas and priorities for the economy. they are already in the thick of it. wilbur ross is someone i've covered a very long time. known at the bankruptcy king. when an industry or company implodes, he sits back, steps in, in the wreckage. picks up pieces and finds value there, and has been criticized as a corporate you have which are vulture at times and found value in beaten down industries like coal and steel and in fact represented the bondholders in the trump casino disaster a k k decade or two ago when donald trump was on the brink. both of these men have the trust and ear of donald trump, and it will

his comes to us from goldman sachs.ne is the market in balance as of the end of september, if there is a cut from opec. the orange bar is if there is no cut from opec and there is no oil freeze. they point out that even if opec continues pumping at this level, you will still see a deficit in the third quarter of 2017. if there is a cut, you will see that deficit start to occur in the second quarter of 2017. the rationale is opec, why not? opec can opt for a short-term production cut and help balance the markets faster than if they didn't. that's a huge rationale for goldman and why they see opec agreeing to the deal. the other part is we've seen a lot of production rollover, especially in high-cost areas like china, mexico, venezuela, u.s. conventional as well as columbia. this chart tells that story for production in that area is down under 12 million barrels of oil a day. if demand picks up and demand holds up, you really are going to feel that squeeze sooner rather than later. the real question then becomes what does

goldman sachs back as treasury secretary.we reported today, the decision of treasury secretary is likely to come later this week as soon as they hash out secretary of state. so this makes me think they're basically hashing out secretary of state, they know it's going to be somebody, romney or petraeus or john bolton, they know they've got that thing down. and as you know, the president-elect trump is having dinner with mitt romney tonight. but, so that makes me think that once they got that out of the way, this is coming. so this is coming definitely late in the week. the times says wednesday. you know, it could be tomorrow. but, you know, when i see the press release, i know definitely. remember where you heard it here first, not on fnc, fbn. charles: real quick, charlie, mnuchin at goldman sachs 17 years, a lot of criticism about them being the financiers of the swamp, if you will. also it was already reported, a lot of scuttlebutt on our friend, wilbur ross, at commerce. anything on that? >> as we reported yesterday and la

first, biggest, goldman sachs. makes a ton of sense. company is being valued substantially before the election because the banking legislation enacted after the great recession crimped the find of products goldman could buy and invest in. plus if the senate went democrat and had elizabeth warren be head of the banking committee, goldman would be a good short. not anymore. sure, like mnuchin, i worked there. that's where i got my start. i'm forever grateful. i play with an open hand. what you need to realize is the stock of goldman sachs had fallen behind the rest of the banking group, and it didn't deserve to be that way. it has too much growth. however, if you thought you'd be getting more of the same or even tougher enforcement of dodd/frank from the next president, you could justify that discount. now, though, goldman definitely deserves the premium it used to get, and for all the things that ma chew chin said. i wouldn't sell it, not even up seven. next, dupont. we heard from dupont today that its deal with dow chemical is still on

goldman sachs is the biggest contributor to gains this week in the dow.ike: this is the biggest irony of the week. goldman was cast as the villain in this election -- hillary clinton getting paid to speak there. a major criticism of her. donald trump -- his last ad had lloyd blankfein portrayed as one of the big corporate villains out there, yet here we see far and away goldman being the biggest contributor, adding about 170 points to the dow. julie: that is right. mike: an interesting note from goldman sachs saying the main questionnaire getting from clients is the corporate tax cuts. trump wants to drastically lower the corporate tax rate from 35% to 15%. goldman says that alone could double the growth in s&p 500 earnings next year from the ir prediction of 10% to 20%. we obviously will stand a good chance of running a good -- bigger deficit mean a greater supply of treasuries to be sold. treasury yields rising stronger this week -- longer-term, especially 30 and 10-year. that is a good sign for banks. that is why financial shares are far and away the l

. >> the driver was 60-year-old kimberly goldman.he other two witnesses from their hearing. >> police say goldman reversed her car. she struck one of the victims a second time. sky 7 shows where she crashed her car. >> we saw the coast guard vessel coming in alt high speeds and observing the no wake zone. >> goldman jumped from the bridge to her death. they are reviewing surveillance footage from both locations. in martinez, abc7 news. >> all it took was a woman's shoe. abc7 news was at the embarcadero station where a shoe jammed an escalator causing it to be shutdown and a second escalator was taken out of service due to the weight of the passengers. some had to bypass the station. one of the escaloators is still not working. >> coming up on abc7 news at 11:00, a hidden killer in one of the most popular breeds of dogs. the desperate search to find a medical breakthrough for golden retrievers. >> and he was arrested for 99 felonies. the update from prosecutors. >> and a snake on a plane. the surprise stowaway terrifying passengers. >

. >> the driver was 60-year-old kimberly goldman.he other two witnesses from their hearing. >> police say goldman reversed her car. she struck one of the victims a second time. sky 7 shows where she crashed her car. >> we saw the coast guard vessel coming in alt high speeds and observing the no wake zone. >> goldman jumped from the bridge to her death. they are reviewing surveillance footage from both locations. in martinez, abc7 news. >> all it took was a woman's shoe. abc7 news was at the embarcadero station where a shoe jammed an escalator causing it to be shutdown and a second escalator was taken out of service due to the weight of the passengers. some had to bypass the station. one of the escaloators is still not working. >> coming up on abc7 news at 11:00, a hidden killer in one of the most popular breeds of dogs. the desperate search to find a medical breakthrough for golden retrievers. >> and he was arrested for 99 felonies. the update from prosecutors. >> and a snake on a plane. the surprise stowaway terrifying passengers. >

gary cohn, goldman sachs, he is the president and the coo. with us for the hour from cnbc headquarters today as well, we have joe terra nova, john najarian, pete najarian as well. guys, you want to comment on some of what you heard from mr. cohn? >> it was a great interview, first of all, scott, and you know, really i think the question becomes as gary mentioned, the financials and what you do right now with the financials. interestingly enough, it's been the russell that has been rallying, and when you look at the composition of the russell, 27% of the weighting is to financial services. i don't know if you play the financials through the russell. i don't know if you do your hedging through the russell. it certainly explains the move that we witnessed 9% higher in the last five years. >> the >> the steepening yield curve, that's all the stuff that gary was just talking about as well. when you look at that, scott, the most important thing that we're seeing, i think, in the opgs market, the derivative markets has been nothing but paper that co

the driver was 60-year-old goldman, one of the three victims was her estranged husband the other twowitnesses from the hearing. >> from video surveillance video we thing she saw the other party coming out of court at the same time. >> police say goldman reversed the car struck one of the victims a second time, before she drove to the benicia bridge. sky shows where she crossed the car. >> we saw the coast guard vessel coming to the marina, not observing the no wake zone so we knew something was wrong. >> goldman jumped from the bridge to her death. investigators are reviewing surveillance video from both locations. in martinez i am katie utehs. >> your accweather forecast with meteorologist mike nicco. >> time to look at the neighborhood temperatures in the low-to-mid 50s through our inland east bay neighborhood but for pittsburg at 58, danville is 50. we will look around the rest us, 60 in oakland and san francisco and vallejo is 63, hayward at 59, mountain view is 56, san jose at 58, the cool spot is santa rosa at 51 and pacifica is mild at 58. san jose and 280 at 17, temperature i

he's former goldman sachs banker. he made plenty of money as a mortgage banker at a time when lots of people's homes were being foreclosed on and democratic senators are already raring to bring that up during his hearing. but he will be working alongside other folks who are going to be working to implement donald trump's economic agenda. wilbur ross, for instance, will be donald trump's pick for commerce secretary. he's a billionaire investor and has really been the leading candidate for this role for the last few days, maybe even few weeks, so not exactly a surprise there. what is a surprise is them sort of rolling all of this out together in addition to a deputy commerce secretary which is todd ricketts, co-owner for the cubs. his family has been critical of donald trump in the past. yet another example of letting bygones be bygones. all these folks will be working hand in hand trying to implement donald trump's ecomic agenda. earlier today, mnuchin gave reporters a taste of what they think their priorities are. >>

former goldman sachs banker steve mnuchin will be it secretary and wilbur russell b. nominated for secretary. facebook adding more than a dozen games to effective messenger app called instant game and it will include classics like pac-man as well as new ones like words with friends. facebook wants the games to keep users on the site longer. we've got a check of oil futures heating up today at 5%. 40 $7.38 a barrel. speculation rising that opec will reach a deal today to cut output. we will talk to phil flynn about that soon. stock market futures ahead of the opening bell. but there is across the board, s&p nasdaq two. the call, a look at what's happening now. here's a look at some of the headlines in today's edition of "the wall street journal." the next stop on the populism global march. they voted confidence in prime minister matteo rents his government. the government giving the possible opening of the five-star move and. u.s. home prices recover ground lost during the financial bust. home prices set a record in september bringing to a close the worst. for the hous

steve mnuchin ex-goldman sachs.he fact that trump as a candidate may be different than trump as candidate may be an encouraging sign to those on wall street and a lot of the establishment. >> that is true, sara. even as a candidate, donald trump was proposing policies that were good for wall street. he was talking about big tax cuts that are tilted towards people at the top of the income scale, talking about reducing regulation, getting rid of dodd-frank, getting rid of obama caring all things that many in business complained about. so the policies were friendly that. he coupled that with persuading blue collar workers that he was on their side. if he can sustain that, that is something that will serve him well. the question will be when he gets around to implementing those policies, do those workers, beyond the 1,000 who were saved for carrier, do they see him as doing things to benefit him. >> he was seen having dinner last night with mitt romney. how important is it that he might get someone who may challenge him

goldman sachs, up 17%. target up 17%. freeport mac up 16% and caterpillar up 16%. >> target is still interesting. mel, welcome back. target had a great quarter. i know it's not nearly as interesting as goldman sachs or freeport mac or caterpillar up 50% this year. but target to me seems like they got their -- they got their feet back underneath them and it manifested itself in the last quarter. the technology is much better. i think they've separated themselves some walmart. out of those four names, that's probably the name with the most up side right now. >> anybody like target as well? >> i like target store. i think short-term target is a name to own. long-term investors can look at this tape and say, look, if everything pans out accordingly, to the plan, people are going to do fine. the market will continue -- >> according to the planning of the trump plan? >> we're trading on combinatiexs right now. banks trading on expectations of dodd/frank reform. biotech names trading on expectations of better pricing. move down

sachs, yet now according to media reports he's chose an second generation goldman sachs partner, steven mnuchin, to serve as treasury secretary. he'll take the pest most responsible for watching the high risk, high stakes gambling behavior of wall street which he himself has endwaged in for decades he worked at goldman sachs for decades, his father worked there, his brother still works there and he frequently returns for alumni and social gathers. he was named the foreclosure king after buying the remains of indy mac, a california mortgage lender and evicted thousands of people who could not keep up their mortgage payments. while president-elect trump promises to drain the swamp, he's not doing it. he's enlarging it. i yield back my remaining time. the speaker pro tempore: the gentlelady yields. are there further requests for one-minute speeches? for what purpose does the gentleman from virginia seek recognition? without objection, the gentleman is recognized for one minute. >> mr. speaker, on october 7, 2016, the department of homeland security and the office of the director of nationa

why is goldman sachs so negative?it is quite interesting to see the bank come out to say an opec deal is looking increasingly unlikely. they are citing a lack of progress, growing discord between opec producers ahead of the big november 30 meeting we are all waiting for. the bearish sentiment is not as much as an outlier. we have seen some analysts talking about whether or not if we do get a production deal announced, whether it would have an impact on oil prices at all. we had adam from morgan stanley talking about how his big case is we get a group production announcement and that could be easily overwritten by producers. the bearish sentiment is beginning to creep into the market and we see oil markets go down to $40 a barrel off of that. --ie: does this mean goldman why do they think a deal is looking more unlikely? tracy: right. as i mentioned, the difficulty is agreeing on what exactly this production cut looks like. you have three major obstacles. not only do you have to decide who is exempt from a production d

>> yes. >> over goldman sachs. >> not over goldman, over the financials.y understand the regulatory issues that they have faced for so long, and you're getting somebody who really understands that world so well. >> we always assumed we would -- once trump won, we assumed we would get someone -- >> from the banking industry. >> for very, very -- >> not going to be jamie either. >>> let's turn to another group of stocks that have taken off since the election. retail stocks on track to have their best month since october of 2011. one trader betting the rely retail run is done. mike coe joins us with the action. >> so xrt, the retail etf, as you pointed out, had quite a rally, up almost 9% for the month. quite volatile over the last three. interestingly, even as the volatility in the etf hasn't -- has increased substantially, the price of the options hasn't so much. and one of the institutional traders have taken advantage of that. six times the average daily put volume of the january 45, 42 put spread. they paid 65 cents for that. that's a bet the etf could d

is: that goldman sachs call worth being attention to. let's talk about what is happening with the myers -- the mining sector. it has been up near two-year highs so coming back down on little bit, that has it affected the aussie miners. -- what else is on the tmm this morning? the japanese yields rising there. we will work our way through the trade over the next hour, hour and a half. as matt said, equities [indiscernible] up by .2 of 1%. here is the first word news. donald trump is considering nominating texas senator ted cruz to serve as u.s. attorney general. was at trump tower in new york yesterday. when approached on his way out he said the election was a mandate for change but did not say he was under consideration for a job area and -- job. he exchanged to vicious attacks with trump during the campaign. the stock market is in for a bumpy right if expectations are president donald trump can quickly spur growth. this is trump does not have a magic wand to rapidly improve the economy. the s&p 500 index has climbed to 1.9% since the no

he, of course, is a former goldman sachs partner who was the fund-raising chief for donald trump's campaignso, wilbur ross, who is going to be the commerce secretary, billionaire investor, well known to viewers of cnbc, neighborhood of donald trump's in florida where he has his marioa lago estate 37 and he moderated the trump economic message in a few ways. instead of talking about outright scrapping dodd/frank, as donald trump did during the campaign, steve mnunchin talked about modifying parts of the law that discourage lending. that's one signal. secondly, donald trump said during the campaign his goal was 4% economic growth. when steve mnunchin was asked what was a realistic target, he said 3% to 4%, softer target. finally, on taxes, donald trump's tax plan when scored by all the analysts who took a look at it gave disproportionate benefits to people at the top. steve mnunchin said, no, we're not going to do that. we're going to offset any tax rate cuts for people at the top end by cushing their deductions so that they would not get a net tax cut. there was one other way in which steve

goldman had what was known at the time as the act, the best analysts on the street about giant. i had a friend tommy tish from the lowe's corporation and he would send me a big gym bag of information. here was the process of homework back then. giant foods. you read up about it with the best research. you match those insights with those of other firms. if the act likes it more, you might have a slight imperfect effection as other analysts got on board. it's particularly helpful plan. if there was terrific growth, regional going to national, that would mean investors would pay up more in a sector, meaning the multiple, which is the price you're willing to pay for future earnings or the p.e. could go higher. these days everything is so much easier. while giant food was bought by a dutch company, you could have gone to its web page and it would most likely have everything you want, stock price, which is available the negative is everybody has the same info. the original insight from my mother was the starting point. you can't substitute for that. no. as an aside, my late mom never

eisenberg of the rnc, not only a goldman sachs partner, he was stephen's dad's partner at goldman sachsy think donald trump surprises this but they helped him win. vonnie: he ran on the idea of being an outsider but had a lot of insider friends. there was economic advisers, a t of them. i talked to them all over the last few months. they will all want to be treasury secretary or part of his cabinet in some way. how can he keep them all happy and we are watching the president-elect who has landed at washington reagan national and meeting with the president. we will have live shots from the white house. how will he keep the rest happy? >> anthony's gura mucci said donald trump said that stephen mnuchin would make a good treasury secretary. there are a lot of top jobs. does that mean someone like carl up there,l end probably not by going over the records and what these people have said to understand what kind of treasury secretary these people might be, it was on bloomberg tv that carl icahn who owns an oil refinery set on day one that donald trump could get rid of the epa rules that he di

in the meantime trump's latest cabinet selections include offering former goldman sachs executive steve munn chin. he's most reisn'tly been financing hollywood films including "suicide squad" and the lego movies. >>> happening "today in the bay" area, a protest is planned against steve bannon and his role in the donald trump presidency. he was appointed earlier this month. right now a group of local jewish activists are protesting against bannon as part of national jewish resistance day of action. he was founding member of controversial breitbart news

one thing it tells us is goldman has a lock on the treasury.e's been more of a chameleon on policy, a little bit more tightlipped. going to be doing this expensive infrastructure program, it will be steve mnuchin who's is in charge of issuing that that could -- that debt. he will be issuing trump's marching orders. he was trump's national finance -- david: terribly important is not just the secretary but also the deputy secretary, the assistant secretaries. who will be surrounding mr. mnuchin? ben: absolutely. it can be difficult to say exactly who is being brought in for a job interview and who is being looked at to get policy advice. people whoist of were looked at for these top jobs. they might be going into jobs at treasury, might be going into jobs at the office of management and budget. be watching them closely to figure out how exactly the rest of his team is going to fill up. david: thank you so much for being with us. coming up, a november to forget if you are long the yen. could the referendum spark a return to the safe haven? , jeffi