we can ask jay clayton he is an ethical guy he might be dependency >> it is interesting to see jay clayton. >> don't ask him >> whether he would be willing to take a job. >> you can ask him he might be one of the people. or matt whitaker had been bandied about. trump thinks he can do whatever he wants at this point no doubt no doubt >> reporter: don't miss the idea that gaetz is a conservative has in na khan in anti-trust policy of where republicans have been in the past gaetz doj would sue american companies in a big way and force breakups and things that you might not expect from the republican administration. >> i had not heard that term before khan-servative good one >> eamon javers, thank you, sir. we'll talk more to you, i'm sure. >>> when we come back, highlights from the cnbc delivering alpha conference with the advice and special a.i. appearance >>> then disney is set to report this hr.ou we will bring you the numbers and joined on set by cfo hugh johnston a conversation you do not want to miss after this >> announcer: this cnbc program is sponsored by baird. visit bairddifference

the lead of my story is jay clayton put a hit. out on on somebody. somebody. and you sometimes have to eliminate foreign enemies, and he's a really nice if guy. he probably can, okay in mike pompeo, secretary of defense. one of the negatives with pompeo is that the real hard core maga crowd, which is much more isolationist than mike pompeo, is against him. i mean, tucker carlson, for example, has the president's ear, don jr.'s ear. he's not a big fan of mike pompeo. that would be my worry about that. secretary of ate's interesting. marco rubio -- state's interesting. marco rubio is high up on the me florida senate. he can be really good. rick brinell is high up on the list. liz: ambassador to germany. >> he had a high ranking job at end of trump one and ricking is close to the president and elon musk is pushing rick. and elon musk has trump's ear. liz: sure. >> that's where we're going there. commerce secretary, inula deck man was there in the past. vivek ramaswamy, i hear that. he'd be a decent choice. liz: robert floated as trade representative aga

and jay clayton, who is a former s.e.c. chair and a cnbc contributor. ing it was the greatest political movement of all time, and then promising to help the country heal, saying he's united with all americans, saying that he would see success bringing people together, that he's going to put the divisions of the past four years behind him. he really notably set aside his vehemence and some of his grievances that we've heard over and over again on the campaign trail against political opponents, against those who had served with him under his former administration, and heard him talking about what he wants to do. right away it was fix the borders. he talked about taking back control of the senate and the things that he was going to be able to do there. he also really praised elon musk. said a new star is born and said that he spent some time campaigning with elon musk. there you're seeing minnesota now as nbc projects kamala harris as the winner in minnesota. this is one of the states here in the midwest. wisconsin and michigan have not been called for kama

chairman jay clayton.box" will be right back. >>> we're just one day away from the election. joining us now are two people we spoken with regularly through the campaign, former national economic council director under president trump, gary cohn, he is now ibm vice chairman and former s.e.c. chairman under president trump, jay clayton, also a cnbc contributor. and these guys are smart. and jay clayton, just basically told us who is going to win the election. whoever wins pennsylvania. >> it's hard to win the election without winning pennsylvania. >> who is going to win pennsylvania? that you have no idea. but you do know it's an important -- >> given it's my home state, i think, look, middle of the state turnout is high, trump wins. >> gary, you've been in this business so long with goldman sachs and everything else, did you see a trump trade and then did you see the reversal of a trump trade last week and what the hell was that? or is it all just on the margin. >> yeah, i think it's all on the margin. i th

i would even add the nominee for the southern district of new york, jay clayton.hose were going nominations. not necessarily the nominations i would have made if i were president, but these are serious people with real experience. they're not social media personalities. they haven't built their careers on lies and conspiracy. so look, some of these nominations i think are quite solid and john ratcliffe falls in that category for me. >> okay. last night president-elect donald trump was at a ufc rally. alongside him was someone who has had a lot of scrutiny, elon musk. he is a billionaire with extensive u.s. government contracts, as i understand it, hold a security clearance himself. he has extensive business ties with china. also had with him the saudi arabia private investment fund governor. they invest with his son-in-law, jared kushner, and held golf tournaments through the -- one of their entities at trump golf courses. do you think that in this new congress there will be scrutiny of potential financial conflicts of interest around mr. trump? >> well, of course

chair jay clayton will speak with that. dale. "squawk box" will be right back. wall street forecasts over $100 billion in sales for weight loss drugs known as glp-1. even with disliked injections. dehydratech processing of a glp-1 drug demonstrated improved blood sugar reduction and reduced side effects. study results are arriving monthly and lexaria has entered a new relationship within the global pharmaceutical industry. lexaria bioscience, transforming the future of glp-1 drug delivery. it all started with a small business idea. it's a pillow with a speaker in it! that's right craig. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow! >>> welcome back to "squawk box." wall street digesting president-elect trump's win earlier this

former acting attorney general matt whitaker, former florida torn general, pam bondi, sec chairman jay claytonal ken paxton and conservative attorney mike pealetta and said this on fox news a couple hours ago the career at a political work force at doj. listen. >> who would have thought its controversial when a new boss come with a new agenda and the people working support the president's agenda. only in the federal government and a deep swamp do career employees think they get to run the joint as it were. reporter: what's unclear, is how many career officials at doj stays on the job when the new attorney general and administration takes over and maria:d emotions from the career people. these are people that have worked for democratic and republican administrations, but in speaking to some of the career people, i know they look forward to staying. back to you. stuart: david, thanks very much. madison, tell me about the petition calming for trump to make elon musk a special adviser on ai. >> yeah, this petition, they're asking to put musk in that position to lead ai policy in the u.s.. so that

that goes i know what the reporting i had on this which is that they were considering jay clayton who had been the head of the s.e.c. under trump, and a new york lawyer who, both those people are considered serious lawyers. especially the one who comes from a fancy law firm in new york and was someone who was not interested, apparently, in retribution and such. it was may understanding that they wanted someone who will go in and move with their agenda. the six or seven names i heard, gaetz was not one of them. and he was someone they were still interested in or talking to or talking about. when i heard gaetz today, i had a list. i was taking notes. >> just likeliesta murkowski. he was not on the list. >> so i, i don't know. >> this is the way we do business now. announce on truth social. is there hope that this may not actually even come to pass? i'm thinking now of the murkowski and collinses of the world. saying joni ernest has expressed some amount of disbelief, john barrasso, others. there are a number of republicans who are between an eye roll and a head shake. inside the doj, is

comes one day after president-elect trump selected former securities and exchange commission chair jay claytonthe southern district of manhattan. >> crypto-currency investors are ending their lawsuit against elon musk. they had accused him of fraud and insider trading for rigging dogecoin. they are also withdrawing a bid to sanction musk's lawyers for allegedly interfering with the appeal. musk and electric vehicle company tesla withdrew their motion to sanction the investors lawyers for allegedly pursuing a frivolous case with ever changing legal authorities to try to extort a quick handout. the pentagon's annual report on ufos says most reports have been identified as balloons, birds or aircraft. it contends the defense department has discovered no verifiable of extraterrestrial activity, but, many people remain unconvinced. and many sightings are still unexplained. chief national security correspondent jennifer griffin reports tonight from the pentagon. >> wow. >> this video shot by two navy f 18 super hornet by lots in 2015 on a training mission over the atlantic has launched a new cottage

he posted he has selected jay clayton, jay clayton is the former s.e.c. district of new york, sdny. clayton will take the reins on the ongoing federal case involving new york city mayor eric adams, an investigation surrounding polymarket and a host of other sensitive financial and public corruption-related cases as well as a recent state of terrorism cases. if the last two days are any indication, it is going to be a very interesting transition. we're tracking all of it from the sdny to the justice department led by matt gaetz. for all the legal news and analysis, sign up for the "deadline" legal wsletter, tap the qr code on the screen and sign up and you'll have a fresh newsletter delivered to your inbox every friday. another break for us. we'll be right back. friday another break for us we'll be right back. felite.com. we were able to track our technician and knew exactly when he'd arrive. we can keep working! ♪ synth music ♪ >> woman: safelite came to us. >> tech: hi, i'm kendrick. >> woman: replaced our windshield, and installed new wipers to protect

jay clayton, i think, would be great. i know matt whitaker. look, a.g.mportant because it's a dual role, trace. the policy won, he gets to put his priorities in place. there is also this fairness component. have you got to pick carefully. pick somebody that knows what they are doing. all the people there and you can include mike lee and some state a.g.s in that, too. i know pam and jay the best i would say. but he has earned the right to pick whoever he wants. >> trace: he sure has. you look at the house races right now. clearly the house has yet to be called. and i'm wondering, trey, as you look at these is it still the big trifecta if the house is razor thin? >> trace: it depends on what the kardashian caucus does it. depends on whether or not those four or five instagram stars can finally figure out the mess they made last year with what they did to kevin mccarthy. meaning, if they can get and maybe donald trump can keep them in line. but, trace, they covet fame. they don't covet progress or legislative achievement. they covet fame. is he going to hav

attorney general matt whitaker, former florida attorney general pam bondi, former sec chairman jay claytonssouri attorney general andrew bailey, and texas attorney general pick ken paxton. was unclear, jacqui, how many career officials of the doj will stay on the job when the new ag and that person's team takes over. a lot of mixed emotions from these career people, people who have worked in democratic and republican administrations. i know several who have said their career, they have been career 20 years and hope to stand the job. trump took particular annoyance with the a point of jack smith as a special counsel in the merrick garland administration, the man who brought him before to federal judges. jack smith plans to drop his flight before trump takes office. why? because he has to come according to doj policy, the doj does notg president. last week jack smith telegraphed to judge tanya chutkan that is going to ask for a suspension of the rest of the filing dates in this case, so right now all of those final dates have been off, he is asking until december 2nd so he can come up with s

todd blanche, i don't know if they will bump them all up, jay clayton as the end of st and why, i don'tw if they're going to -- there are a number of people in trump orbit who will do a phenomenal job. >> john: members of the senate he might draw from? mike lee's name -- >> i've heard mike lee's name, but of course there is a calculation there as far as keeping the majority the way it is, not just that, it is counting on solid votes on the issues that you care about. so when you pull a senator, you trust and rely on on x issue, there is the risk you may not get that same vote even if you think -- >> john: senator hegarty's name has also been thrown around. >> i saw his name -- there are a lot of names being circulated. we know donald trump is quite unpredictable, hence the matt gaetz pick, so it really remains to be seen. >> john: unpredictability is one of his strengths, let's just say. kerri, thank you so much.i guesf a surprise, just a matter of when. >> sandra: advantages to getting started early, as the president-elect has done, putting together his team, so now we await who might

those other names as well, and that missouri attorney general andrew clayton or andrew bailey or jay claytonexchange commission chair. a lot of choices. >> martha: we may see some of those names pop up in that position, david thank you very much. quick minute here, comment on defense attorney and a former federal prosecutor on the phone with us joining us alone on these stories, your reaction to the naming of hvac representative from florida, attorney general pick by the incoming president. >> i think this is of a stronger pick of president trump, this is somebody who has been a loyal listed on trump over the years pick i think president trump will be looking to work very close it with his attorney general, something over the years different administrations work differently with their attorney general's, low bar somebody who has been around the justice department for years and years, i think more of an independent in that position and perhaps uncomfortable working close with trump. i think this is something that will signal president trump will have a lot of interest and a lot of say what is

intelligence john ratcliffe, and matt whitaker, you see the other names out there, ken paxton, jay claytoner, who also served as acting attorney general in the trump administration, joins me now. matt, good to have you with us. obviously this is a big decision, hi, there, for the administration to make and you have served as acting before. can you give us any insight into whether or not this is a post you are interested in? you are down there in florida right now. >> yeah, i'm in florida, and this is obviously totally up to donald trump and who he wants to be his attorney general. it is a very important position. he knows that because of his first term. he experienced what an attorney general can and can't do and what the building does. it is important to the success of his administration but you know, donald trump also, i think is looking at the situation, knowing that he has some great talent for his entire administration. we have seen him name some. people i know and people i think are impressive and would do a great job for him. ultimately i am sure he is taking his time and thinking t

of how trump's law enforcement team is coming together with pam bondi now his pick for justice, jay clayton, is the top new york prosecutor. there's infighting over the fbi where chris wray still technically has another two years left on his term. so i'm wondering what, if any, common themes you see emerging from the types of people that he's choosing and the types of the way that they'll approach law enforcement yeah, i think that the the way that he is approaching the justice department is exactly what he said he was going to do. >> it's exactly what project 2025 said that they wanted him to do, and that is to rid the department of career people put in place loyalists. i think that has been the criteria. when donald trump was in the white house the first time, he really wanted the department of justice to be his personal lawyer, not the justice department for all of the people, not the justice department. that is supposed to be somewhat independent of the presidency. he wanted them to be his lawyer, and that's why he's installing his lawyers all of his lawyers, all of the folks in the top

amna: also today, president-elect trump announced he's nominating jay clayton as his pick for u.s.r the southern district of new york. tell us about him. laura: clayton served as chair of the sec, securities and exchange commission, during donald trump's first administration. and clayton has no criminal law experience and he's going to have to shift to work on that for what is known as the sovereign district, one of the most independent districts, with this nomination. his role is notable because this office handles a lot of might file high-profile cases, particularly federal crimes and right particularly federal crimes and corruption cases. and so the big question with dominique this nomination, amna, is, does clayton help donald trump pursue what he campaigned on in terms of prosecuting his enemies? other and then another announcement that we just got moments ago was that donald trump has nominated todd blanche is nominee to be deputy attorney general, so the second highest ranking official at the justice department, todd blanche, who is donald trump's personal attorney, who repr

. >> jay clayton. >> i'm going -- i'm putting him at a very high level in this next administration. >lson will conceivably be treasury secretary. >> i thought that the rap was that nobody really wanted to be with the man. that's been proven to be incorrect already. already. >> true. >> right? >> it does appear to be the case. >> they want in. now, what's that? >> that was good. keeping an eye -- you know, i got notes here. i still go old-fashioned. >> how about fanny and freddie? >> did you see that? >> don't look at mine. >> i didn't know you could read my writing. >> that was bad. >> fannie and freddie are interesting to me because i have been following them for so long. the preferreds, if you haven't focused on this, and why would you, have gone up dramatically over the last few days on a trump victory. at the end of the last trump administration, there were real attempts being made by secretary mnuchin, treasury secretary mnuchin, and by the way, a steering committee that included none other than john paulson, who's a huge holder at his fund of the preferreds to take this thing ou

. >> jay clayton, former s.e.c.here last night on the set, and when he talked about the deregulation agenda, one thing he mentioned specifically was bank m&a, saying, we have 4,000 regional banks in this country. they need to merge. we love our regional banks, but that would be good. and he mentioned that as a specific example of what's been held back in terms of activity in the biden administration, for instance, and something potentially to look forward to. we'll be watching those regionals. the big ones too. look at the andersokind of day having. other trades in focus. the u.s. dollar, not very often we see a 2% move in the dollar index, but that's what we're seeing right now. on prospects for stronger growth, potentially higher inflation, tariffs into the u.s., our trading partners, potentially, being hurt by those tariffs. watching dollar mexico, for instance, where the dollar is strong. how about dollar versus china? this has been a good proxy as well for the election. u.s. dollar versus chinese yuan, and agai

jay clayton, who we had on the broadcast many, many times, was named the head of the southern districtast night. that would put him in the pole position to root out corruption and oversee often times the big white collar cases on wall street and elsewhere that take place. some of the big cases that are taking place right now p.diddy prosecuted by that group as well as mayor adams a number of big cases he would be overseeing. >> reporter: that is a nomination that wall street would really like. >> i believe that's probably right. i think he's looked at very, very differently than the other folks. eamon, we appreciate it. >> the recess appointment. these guys used to be in washington basically half the year the senate when they would go back to wherever they were from to get back to washington, they were on horseback. so the president wouldn't be left shorthanded without cabinet help, they put somebody in temporary. people thinking there is a lot in the constitution that is anachronous. >> that is not in there? >> what is it? article -- >> an article that allows them -- it is because tha

. >> they will lose jay clayton. >> that's possible.- he's the -- he's the executive chairman of the board. >> tell me why i should pay more for the banana over the duct tape. >> is that a real banana? >> it is the real banana. it was performance art when the artist ate the banana. >> this is what's wrong with modern art. >> many people would argue that. this is going to be the thing that everyone talks about this week. the $1 million banana. car, where are we going? we're here. (♪♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com for the better part of a century, harry & david has been making gourmet gifts that bring people together. to share traditions and make new memories. to bring us all closer, even when we're apart. no matter when and no matter where, life is a gift best shared. harry & david. life i

are now talking about the tokens used for example, ipo, something taken off the table during the jay claytonould upend the financial industry, no? >> i think it's important that crypto is a technology to update the financial system at large and one of the areas in the financial system that could be improved dramatically is capital formation. there's lots of different people that are trying to build an apartment complex or start their next tech start up. they want to raise money from investors and today there's instances where people are trying to raise money for their real estate project or whatever and paying 11% in financing fees to organizations to package that together. that's just one more area on the long list that crypto could update the financial system. those are going to be securities. so we need to have a clear path for people to register crypto securities. there's ures to figure out and how you make sure these are credited investors when they need that. we, along with the rest of the crypto industry are doing that. the last four years, the door has been shut in our face. any prod