trish: harold hamm predicting $60 a barrel by the end of the year and saying he will not take the positiond trump's cabinet as a secretary of energy. all right, harold. it's good to see you, sir, as always, thank you. >> you bet, thank you. trish: we are continuing to watch donald trump, he just landed in indianapolis and he is going to be taken to the stage there at the carrier factory any minute. so do not go anywhere, we are right back with donald trump live from carrier after this trish: all right, let's take a live picture coming from indianapolis in indiana. donald trump about to get off of his plane right now and he's going the make his way to the carrier factory where he will meet with workers and he will address them there. roughly 800 jobs have been saved. they are workers that will continue on in the plant, donald trump and former indiana governor and now vice president elect mike pence worked aggressively on a deal with carrier over the thanksgiving holiday and they came to some kind of deal that would at least save 800 jobs. president elect is going to talk to people. as we co

continental's harold hamm will talk to us, reportedly a contender for energy secretary.ot some data on the other side of this break. don't go away. >>> getting some news from the auto sector today. better than expected numbers from ford. november u.s. sales up 5.2, that is better than the 0.8% consensus from edmonds.com. helped in suv sales, lincoln division up 19%. so we're going to watch this closely as people are drawing more and more attention to delinquencies on subprime on the front page of the journal. >> this is a remarkable number for ford. a lot of people felt november would be a weaker month because some of the retail sales numbers. that f-150 a lot of people were concerned that had been peaking. i know the old alcoa, there's a new alcoa that is not the alcoa directly involved with 150. >> right. >> they were concerned that the f-150 sales might be weaker. this is obviously a very, very strong number. remarkable. the subprime stuff, i don't know, when you talk to the bankers behind the scenes, they continue to say, look, you need your car to go to work. and it

he joins us, founder, chairman and ceo, harold hamm who is getting ready to ring the closing bell to celebrate your company's 50th anniversary. i know it seems like just yesterday? >> not quite like yesterday. we are glad to be here on the floor of the exchange today. at this momentous occasion. ten years ago we became public and 50 years in business and it just seems so short. >> seems like yesterday is when we spoke at the rnc and to think that donald trump has now won. he is quickly assembling his team. what do you think of his slaekz for epa and what do you think he will bring to that agency? >> continues to pick awfully good candidate for all the cabinet posts. so he is following through with what he told american people and he is picking extremely good people. couldn't have picked a better person for epa. >> what are the flaws with the epa that you think scott prut will try to solve? >> regulatory overreach. and the news that it has been used somewhat and so i think those are the things that he will -- >> i know you have already said that you have no interest in energy secretar

the ceo-- harold hamm of continental resources is known for being a wildcatter expanding at any cost,s different. i sat down with him at oakland city earlier this month and talked about how the company plans to stay disciplined if we get a world of a barrel oil? $60 >> we would have no intention of going in and pulling a lot more rigs. at $60 oil, so we are fairly active and we have been active through the downturn. we went 56 rigs down to 19. alix: so at 65, you're not adding 10 rigs? do you know what you would do it 65? harold: there comes a point you would add one rig or two, but certainly, at 65, you would probably be at that number. that is the band 55 to 65. , alix: what about the uncompleted wells? what is the band for that, when you start adding that back? harold: we wanted to do a couple of things. we are doing that. and that is when supply and demand balanced. that balanced in the second quarter of this year. at the end of the second quarter in 2016, as we predicted. you can see it coming and basically calculate it out. so it balanced. that balance is there. we know that mor

you know, harold hamm was on the other day, also very bullish on oil. of course, you know, they want to be and they need to be given their background. neil: i don't think he's going to worry about what's the price at the point? [laughter] trish: 75 would be good to see, i guess. all right, neil, thanks so much. the president-elect expected to pick rex tillerson for secretary of state. his close ties to russia, however, coming under fire for democrats and even a handful of republicans. so is rex tillerson still going to get the job? we're on that. welcome to "the intelligence report," much more on the potential appointment in just a moment. but let's get to some of the other big meetings happening today. you're looking at a live picture of the lobby at trump tower. the president-elect meeting with former texas governor rick perry today, former republican rival carrie fiorina and also the democratic senator from virginia, joe manchin, all at trump tower. who's up for what? we have all the intel for you. all of this as donald trump takes aim at reports tha

you have harold hamm who was being named as the energy secretary before rick perry was named, he's the ceo of continental. you have rick perry who's clearly a, you know, a texas governor. >> right. >> an oil state. you have pruitt who is going into the epa. he's from oklahoma. that's an oil state. >> right. >> in many ways you look at this and you have a number of oil guys who are going to be running the government in trump's cabinet. you have a number of bankers, you got three guys from goldman sachs who are coming in. >> right. >> and you've got three or four generals. to me that's a tremendous -- >> you have generals, bankers and oil. when we talk about oil, it's important i think folks when they think about tillerson and tillerson's role, i mean, this is a guy who's negotiated deals all over the world. if you want to talk about is this someone qualified for this job in a technical sense, sure, right? >> exactly. >> he's done deals. >> trump is right, he's a player, he's sat down at the table with just about everybody. >> keep in mind, like what's in the interest of opec, of venezue

>> my guy is harold hamm of continental resources.s is one of the people behind america's fracking revolution that's given was so much oil and gas here in the united states. he's now got finally a nonhostile government coming in in washington. he's also godt a world where th op opec countries that aren't going the cut on oil. we might see a u.s. energy firms really start to dominate the world market. >> what does that do to oil prices? do you think that they're going down because of that production or -- and which does that do to saudi arabia? >> this is the big question is, does -- dohar rold hamm and the other frackers in the u.s. look at this as a chance to grab market share or is it an opportunity for them to boost their profits and kind of join the cartel unofficially that opec has had? to me, that's the person to watch and that's the big question because the impact for u.s. consumers and the economy is huge. >> my person to watch is golden sacks gary cohn, director in the white house. it's the most important economic job in the

harold hamm is one of the biggest winners of this decision. share price went up 20% yesterday. shale producers are going to benefit from higher oil prices. they are rushing to look in revenues for 2017 and i think that opec, two years ago, tried to kill the shell revolution have sent a lifeline to the shale producers. javier: the white house is winning off and opec deal? it will be an interesting one because donald trump is not getting into the white house until january but i would not be surprised if for the time being, the new york minister in the white house is ok with opec putting prices is a bit higher. the key question is whether opec is able to keep prices in that $60, $70s scenario of a barrel. good enough for the shale producers in oklahoma and go to them but not high enough -- and north dakota. annmarie: how are they going to track this and implement this and make sure the countries are hitting correct quotas? javier: this will be the big problem now because what we need to start checking is, come january, oil companies are cutting.

i spoke to other industry leaders, harold hamm was there last night, el-badri and hamm got lifetime achievementld said he thought this was a $50 support level, that the worst is behind us, and that, in fact weather the trump policies that are going to be rolled out next year, we'll see the energy industry do quite well and that these players in the united states will self-regulate nap's the key. there are so many unknowns at this point. we've got a very strong dollar. so this could be a little bit of a rocky strad, but when it comes to oil prices as you all know, very important to the overall equity indices as well. they keep those on the move higher and the energy sector has done very well. so these are all things to take into consideration when it come toss the crude oil trade. now, i will say this -- there are a lot of people talking about the optimism as we go forward. they believe rolling back regulations will take the industry to new levels. and they're very optimistic that, in fact, oil prices by the end of next year could get to the $60, $70 level, david. >> thank you very much, jackie.

some others who did well for themselves include harold hamm. he was up 8.8 billion.zos up more than 6.6 billion. casino magnate sheldon adelson rose 5.6. let's bring in michael sonnenfeld. we're a little confused about how -- what is tiger 21? not really a hedge fund, not a mutual fund, not a private equity fund. explain it a little bit and how i get to invest with you if i can. >> so, first of all, we're not a fund at all. we're an organization of high net worth investors that meet across north america in 30 locations, 400, and 85 of some of the best entrepreneurs. and wealth creators. and our members come together to share ideas on wealth preservation, wealth growth and legacy issues in a private can confidential setting every month and then an annual conference that sort of is a mini davos that will take place for members only in boca raton. we're an organization of entrepreneurs that learn from one another in a peer to peer learning format. >> i see you're in jackson, wyoming, where i was this summer, one of my favorite places in america. about as beautiful as it

you know, harold hamm was on the other day, also very bullish on oil.nd they need to be given their background. neil: i don't think he's going to worry about what's the price at the point? [laughter] trish: 75 would be good to see, i guess. all right, neil, thanks so much. the president-elect expected to pick rex tillerson for secretary of state. his close ties to russia, however, coming under fire for democrats and even a handful of republicans. so is rex tillerson still going to get the job? we're on that. welcome to "the intelligence report," much more on the potential appointment in just a moment. but let's get to some of the other big meetings happening today. you're looking at a live picture of the lobby at trump tower. the president-elect meeting with former texas governor rick perry today, former republican rival carrie fiorina and also the democratic senator from

is very close to the oil and gas industry, which is very big in oklahoma, including people like harold hamm co-chaired his campaign and is a close ally of donald trump. so scott pruitt, fierce critic of the epa, to head that agency and this is very similar to previous picks, betsy devos, conservative to head the education department. ben carson, staunch critic of public housing policies, it head the department of housing and urban development. >> john, thank you very much. >>> the times, they are achanging. >> we're all over the record-breaking rally. the dow, s&p 500, russell 2000, small cap index all hitting new highs. transports having a record intraday high for the first time in two years, led by american airlines. those stocks up more than 3% a piece right now. "power lunch" is back in two. hey gary, what are you doing? oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other tr

harold hamm has made tens of billions of dollars.e book i wrote in my understanding is that he is number two and number three. they have really good executives there. it could run that company really well if you moved on. it's been his baby. if your member at the department of energy is not just oil and gas its and other kind of things as well. we wonder if you will be interested in that. i don't think we can look past that. if you want to he could probably get it. he's been there from the beginning. the question is if he wants to leave the now thriving company. it has certainly worked out. check out const to dental resources yesterday. another $3 billion because of the news. they wrote a check for his ex-wife. is more than a billion dollars. that's true. that was my dust top background for a while. he is writing a check for a billion dollars. you're supposed to get half of whatever your spouse earned or made during the duration of your marriage do you want to be a long drawn out process to take a little while. they can't just turn i

warren buffett made a lot of money and so did harold hamm. oh, yes.t was more opec than populism at the end of the day. david: the people who made the most money tend to be against donald trump. warren buffett and bill gates. warren buffett made that because of airline stocks and banking stocks. because in response to trump, the market made up. 19% in profit. alix: so the top 1% made bank when it comes to that but we saw in a survey yesterday, expectations that stocks will go higher jumped the most since 1998. so the ordinary guy is also seeing the potential. david: and other things like interrogation. alix: yes, it was about security and the border. an interesting story and we will revisit that in the next few hours. stress is where the in italian banks. a huge story in 2016. i will break it down. this is bloomberg. ♪ alix: this week in off the charts, you look at the major themes of 2016. today, we delve deep into italian banks. front and center -- this is the subordinated credit default swap of monte dei paschi. look at what has happened in the las

he was backed by the likes of harold hamm a. will it make a difference in his business?x: the big take away is on the margin, it's not like they did so bad during president obama, either. it takes away the regulatory questions they had. if you pump more, the price goes down. alix: $20 breakeven what does it matter? the fed met for the first time since the election of donald trump yesterday and it raised rates for the first time in your. are the two connected? janet yellen put the emphasis on the economic data, not the election. she did concede that the change in fiscal policy might have played some small role. yellen: some of the participants did incorporate some assumption of a change in fiscal policy into their projections. but not all participants. that may have been a factor that was one of several that .ccasioned the shift i want to emphasize the ships you see here are really very tiny. is a stephanieus flanders, j.p. morgan asset management chief market strategist for the u.k. and europe. what i would like to tease out here, how much of this is the anticipation of

you have harold hamm, who was supposed to be the energy secretary, ceo of continental.the epa guy is from oklahoma and he's a climate change -- i won't say denier, but skeptic. zinc he, who was going to be interior. he's an anti-regulatory guy. you could go down -- even the guy becoming secretary of army stood next to me for 5 years in the nymex, before going to make an algorithmic happening trading oil futures. everybody coming in as some sort of connection to oil. >> you come on here the day before the new year and you are that bullish, and you say everyone is that bullish. take a look at the bloomberg. when you have long positions in wti, the white line there, record highs, short positions are still relatively -- how much more upside? >> we may be ahead of the cycle here. i think there's an outside shot for triple digits by the end of next year, but $55 getting thisr to $60 at the end of year, that may be ahead of the cycle. the trouble is who would want to be short in such a situation right now where we are coming from very low prices, we see it rebalance is on the

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