and i had a great breakfast with the chief of naval operations and myself and the representative joe courtney, great in the leading digital thing caucus about how is leading the ship building caucus about how we address these issues and how people understand the force structure assessment, how do we make sure that we communicate the criticality of the carrier presence around the world, and what we do to make sure we have that. those conversations have been very healthy ones, once that reflect upon the reality we face around the world, and then congress' responsibility to bring pieces together in opposition and funding. navy'when we return, the we were making a move. the dewe had to. made -- we knew that if we came in too high, it would cost us big time. we had to stay low. and boy did we. we locked it in and rode that low rate from navy federal credit union all the way to our first house. it's a split-level ranch. so cute! open to the armed forces, the dod and their families. navy federal credit union. jill: there has been a lot of discussion about expanding the naval fleet. shipsbout today's

courtney collins. this is bloomberg. ♪ scarlet: live from bloomberg world headquarters in new york, i am scarlet fu. joei am joe weisenthal. 30 minutes on the close of trading in the u.s. investors remain cautiously optimistic at the start of 2017. joe: the question is what did you miss? scarlet: officials were grappling with uncertainty when it comes to the incoming administration. the offshore chinese yen searching the most in the year. authorities arts link agency plans. we will look at what measures they may have to take to keep the and from plunging in value. obama meets with congressional democrats to discuss ways to push back efforts to repeal his affordable care act. we will speak with the maryland senator on the agenda. joe: let's look at where the major averages stand. abigail doolittle is standing by. abigail: we're looking at gains for major averages. it is the second day of gains. the nasdaq, dow, all trading higher. nasdaq is on pace for its best november rally since 2008. interesting to see whether or not this week reverses last week off is the line. basic suggesting we could be looking a

joe: a new industry for you. scarlet: coming up, large institutional investors helping -- into theer recovery market after the crash. we take a look at the real estate empire. this is bloomberg. ♪ >> i am courtneyt's get to bloomberg's first word news. president elect donald trump's numb and he for treasury secretary when not be replying to the letter from a democratic senator asking for clarity on their views about regulation. he has requested a meeting with senator sharad brown about key issues and will cooperate within the protocol of the finance committee. in's nomination is subject to senate approval. senate minority leader chuck schumer is pledging to hold donald trump and congressional republicans accountable. to hists will hold trump promise to make america great again as long as that means creating jobs, raising incomes, and getting real opportunities to the disadvantaged, and protecting civil rights. he issued a warning about the supreme court vacancy. >> we will hold the president accountable if he does not nominate a mainstream supreme court justice. president obama nominated commission candidate in merrick garland, president-elect trump should do the same. >> schumer warned against

courtney is on your left today, i'm on your right. >> that's okay with you? >> i'm in your house today, joe.s is a thrill for me. >> this is more your house. >> no. no. no. >> you're sharing houses. >> but i feel like i need to defer to him. >> stop. there's sarcasm -- dripping with sarcasm. >> no. >> joe is a sincere individual. >> exactly. you might not know the sarcasm. people at home a lot of times don't. another experience with that recently. let's check today on the markets. the u.s. equity futures at this hour, down 16 or so. down 2.4 on the s&p. and the nasdaq is down about 5. if we look at what was happening yoefsh night in asia. not really going to get a cue for where we should go this morning. european equities, most interesting what happened in the u.s. yesterday. solid session. got about half of what we needed. not quite. i think we needed 180 yesterday. we need 60. 60 to get to -- >> don't say it. >> i'm not afraid to say it. >> no. a watched pot never boiled. >> of course it does. come on mcc. >> the cooler thing is the way you can put a -- you can't put a frog in boiling wate