kate rogers, thank you very much. no thank you to that. >> good point. >> still ahead, five things that will age you the quickest. we've got that list, that's next. she said it's too much work. lulu's hair just floats. uhh help me! (doorbell) mom, check this out. wow. swiffer sweeper, and dusters. this is what i'm talking about. look at that. sticks to this better than it sticks to lulu. that's your hair lulu! mom, can we have another dog? (laughing) trap and lock up to 4x more dirt, dust and hair than the store brand stop cleaning. start swiffering. that cough doesn't sound so good. well i think you sound great. move over. easy booger man. take mucinex dm. it'll take care of your cough. fine! i'll text you in 4 hours when your cough returns. one pill lasts 12 hours, so... looks like i'm good all night! ah! david, please, listen. still not coughing. not fair you guys! waffles are my favorite! ah! some cough medicines only last 4 hours. but just one mucinex lasts 12 hours. start the relief. ditch the misery. let's end

kate rogers tries to answer the how did they do story. >> consumers opened up their wallets in storeshoping to drive holiday sales higher after a sluggish start to the season. according to new data from retail next, drawing on sales reports from 1,000 retailers nationwide, brick and mortar sales rose 6 1/2% year over year. one week doesn't tell the whole story just yet. and data from december 1st to december 26th shows sales down 6%. strong demand for furniture, home furnishings and men apparel, helped to push retail sales higher by 4% over last year. >> even with a few extra days to shop, the christmas holiday fell on a sunday this year, some are not sure the last minute shopping surge had a meaningful impact on holiday sales overall. >> we saw that sales got a little bit better, we may see a flat to slightly up season. however, i still believe that margins are going to be another story when they're reported in 2017. >> brick and mortar businesses are still struggling to compete with giants like amazon. while retailers have three shopping days left to close out the year. the proof of

kate rogers reports from denver. >> reporter: cannabis a gold mine for andy williams. a life-long entrepreneur, he started a small family business in 2009 and now runs five separate adventures and plans to expand. >> we have very unique problems for this industry as it's growing and coming from the black market into the light. and every problem that exists is another opportunity for an entrepreneur to make that problem go away. >> reporter: the marijuana industry offers a myriad of career paths for job-seekers from plant cultivation to manufacturing and retail. the pay ranges from $13 an hour in a dispensary to six figures for a management role. about 150,000 people work in cannabis today. a number of analysts say could double or triple in the years to come. one unknown remains and that is how president-elect may handle the regulation of the marijuana industry. >> with the new states that legalized, we're going to possibly triple retail sales in a couple years. and that's going to have massive impact on communities and states and you're going to see the creation of at

after picking stocks for more than 30 years, kate rogers went to visit the group to see what they make of this market rally. [ bell ringing ] >> reporter: the beardstown ladies have seen it all, from the stock market soaring in the 1980s to the housing collapse in 2008 and the recession that followed. through it all, they've continued to meet once a month in beardstown, illinois, contributing a modest $25 each for what they call the three e's: education, enjoyment, and earnings. >> we've been through a lot of ups and downs. we've seen the market go up and we've all smiled at the meetings. when it goes down, we don't get sad. we look for bargains. >> right. >> it's a sale. it's like a discount sale in a department store. >> black friday, let's go shopping. >> reporter: after launching in is t 1983, the ladies rose to flame but fell in the public eye after a mathematical error decreased their rate of return. they come from different walks of life and are different ages. there is a retired hog farmer and a funeral homeowner in the mix. >> 75% of our members are descendants of the original

but as kate rogers reports, it's also hurting some small mom and pop shops. >> reporter: the holidayson is typically busy for george roy bean accounts in midtown. but this holiday season has been unlike any other. >> november we're down 30%. >> reporter: the bar and restaurant is located on west 56th street, a block away from trump tower. and as president-elect donald trump makes his transition from billionaire businessman to commander in chief, the street is swarmed with police officers and secret service agents. >> my experience is that they're keeping the streets open, closing them off, there is no rhyme or reason. we don't know what to expect. and the police presence on the corner has just been, you know, intimidating. >> reporter: nearby at italian restaurant, sales down at least 30% since election day, with its owners considering a potential move elsewhere in midtown if things don't improve. they say patrons traveling by car have a harder time getting in with the street barricaded off fifth avenue and a security tower in place. >> we like to be dropped off and picked up. and th

for "nightly business report," i'm kate rogers. >>> apple reportedly plans to cut iphone production ande we begin market focus. according to report from the knee kay which cited data, they will cut production of iphones by 10% in the first quarter of 2017. the report added the reductions likely will focus on the seven and seven plus as that's been weak demand for those models. shares fell fractionally to 115.82. cavella said the federal trade commission requested additional information regarding the hunting and fishing retailers pending the $4.5 million merger with bass pro shop. but they said they expect to win anti-trust approval by next year. they were off 5%. >> iconics brand says it has entered into an agreement to shell its sharper image brand to toy maker 360 group for $160 million. the sharper image sells home tech devices like massage chairs. iconic says it plans to use it to trim down debt. shares rose to 9.34. ship maker qualcomm says it has settled legal disputes with chinese electronics company. earlier they sued the company alleging it infringed on their patents for wirele

. >>> good morning, i'm kate rogers. apple's director of product integrity wrote to u.s. transportation officials saying apple is invefgt heavily into machine automation and is excited about the potential of report, i'm kate rogers. >> thank you. >>> domino's japan is pulling the reins on an idea that didn't go so well. >> they're emming a reindeer delivery program. you're hearing correctly. only one week after they started. they were difficult to handle, imagine that. they kept dislodging pizzas from their delivery pouches. pretty much what you expect reindeer to do. that's not stopping the company. instead it start delivering via scooters decorated to look like reindeer. >> why didn't they do that first? >> right, right. >>> some breaking news we're following this morning. a live report is next. >>> gunmen take down shots fire at a famous pizza joint. >>> wet roads. the rain is moving on but we have more on the way. >>> the conspiracy shooting. >>> disappointed and disgust. >>> d.c. firefighters are battling flame this morning aet a home. >> that home has partially coll

i'm kate rogers at cnbc headquarters. the top free app downloaded on ios store on sunday suggesting a lot of fitness devices were given as gifts. echowas also popular at number 4. snapchat, super mario run and youtube. with your morning report, i'm kate rogers. >>> okay. so this is not a famous music artist tour. this was a 15th birthday party for a girl in mexico yesterday. as you can see, thousands of people attended it. a lot of people she didn't know. after her party viral, her dad posted that invitation and he invited everyone and if that wasn't enough, the girl now is being showered with offers. >> things that include a tv show, airline tickets, hotel stays, free vacations to big tourist spots in mexico. apparently at the party though, she was not really excited. it's a big deal and suddenly there were thousands of people she didn't know. >> this is a right of passage. this is a huge celebration and it didn't feel personal as you can imagine. >>> definitely. >>> the lions are out of the post season this morning so w

. >> for more on that we turn to kate rogers live at cnbc world headquarters. good morning, kate. >> hey, kira and sam. the dow's quest for 20,000 could remain illusive, stocks falling yesterday with the dow posting just its second triple-digit loss since the election, although on light trading. investors will get news this morning on unemployment and the trade deficit. the dow dropping 111 to 19,833, while the nasdaq was down 48 points to 5,438. as you mentioned, twitter wants to give you a panoramic view of the world. you can now use the company's live streaming service, periscope to broadcast 360-degree video directly to your timeline. users can tilt or rotate their phones to see the full view. the live 360-degree videos will be limited to select partners for now but anybody can watch them. facebook and youtube have symphony tours. amazon wants to replicate the success of prime day with a one-day sale for digital devices. digital day will start tomorrow at 3:00 a.m. amazon is hoping the sale could encourage people who got gadgets for christmas to splurge on t

we're going to keep an eye on it and send it back to you. >> kate rogers for us. watch the stock in 2017. might as well talk about it now. >> you don't want to see it fail at 118 and roll hard because then you're going to start hearing double top, double top. that's where it had trouble going back to late september. couldn't get above that level. this time hopefully today is just a blip. if you are long, then it continues back up into the 120s. you know, that's not necessarily a given at this point. >> they can't sell enough of that because they just can't make enough. that's not a happy problem for tim cook because other guys are going to be filling that gap. if they could have taken advantage of much bigger advantage of samsung, if they had enough units to sell, they haven't, and now with the -- these wireless ear buds, i think that's a problem as well. even though, as he said, you can't keep them in stock. >> irony is that tim cook was the head of logistics for apple. this should have been either something he saw coming or something that he was quickly ready to

. >> for that and the rest of your news before the bell, we turn to kate rogers live at cnbc world headquarters. good morning, kate. >> good morning to you. the dow's quest for 20,000 could remain illusive. the dow posting yesterday just a second triple digit loss since the election. investors will get news on unemployment and the trade deficit. the dow dropping 111 to 19,833, while the nasdaq is down 48 points to 5,438. >>> burger keng and tim horton's will switch to using chicken raised without antibiotics. an estimated 70% of antibiotics are sold for use in production of meat and poultry. twitter wants to give you a panoramic view of the world. you can use the company's live streaming pair scope to broadcast 360 degree video to your timeline. the live 360 degree videos will be limited to select partners for now. anyone can watch them. facebook and youtube have symphony tours. back over to you. >> 4:52. coming up, rumbling from a neighboring state. earthquakes in nevada yesterday turned out to be harmless. seismologists say the scenario could have been very different if it weren't for one fac

kate rogers with what you can expect in small business. >> reporter: main street is feeling more optimistic hoping a donald trump presidency issues in business friendly policies. the halting of the overtime rule, expect more to come. trump ran on promises of deregulation and small businesses are hoping for more including joint employer rules and policies under the environmental protection agency to be loosened. it's unlikely the employer mandate stays in place. the rule requires it as an impediment to job growth and expansion. the federal minimum wage stays unchanged. while trump said he was open to the idea of a higher federal minimum wage his nomination of fast food executive puzner for labor secretary and republicans in control of congress mean a hike in the minimum from $7.25 an hour seems unlikely but expect more action at the state and local level to raise pay for low wage workers. wall street is more optimistic. the latest survey from independent business found sentiment soaring post election. whether or not that feeling stays remains to be seen. >> the small business playbook for ne

xhichl our kate rogers has more from denver on the challenges of finding workers as the industry comes out of the shadows. >> cannabis has been a gold mine for andy williams and his company medicine man. he started a small family business in 2009 and now runs nine separate marijuana-related ventures. he's manning to expand. >> we have very unique problems for this industry as it's growing and coming from the black market intoing the light and every problem that exists is another opportunity for an entrepreneur to make that problem go away? it provides a myriad of job seekers to retail an management. about 150,000 people work if cannous today according to analysts and they expect it to expand in the coming years. eight states passed measures on election night. >> with the new states that legalize, we're going to possibly triple retail sales in a couple years and that's going to have a massive impact on communities and states as this kind of trickles throughout our economy. >> reporter: marijuana business daily projects the impact of the marijuana industry could hit $44 billion by the ye

. >>> let's check in with kate rogers at cnbc world headquarters.good morning. >> good morning to you. wall street is set to start the day in the green this morning, u.s. futures are higher as investors eye new york federal reserve william dudley's upcoming speech. investors aren't expecting the fed to hike interest rates and his speech could offer clues. >> donald trump threatening heavy taxes for u.s. companies that move their business operations abroad. trump took to twitter early sunday to announce a 35% tax on products sold in the u.s. by any business that fired american workers and built new facilities overseas. this comes on the heel with the air conditioner maker carrier to keep 1,000 jobs in the u.s. >> apple reviewing self-driving technology. director of product integrity wrote to u.s. transportation officials saying apple is investing heavily in the study of machine learning and out mags and the company is excited about the potential of automated systems including transportation. >>> at 4:50, a daring burglary after they drove a rented su

with us, ravin gandhi and ryan gilliam and our own small business reporter kate rogers. rt off with you. set the table for us in terms of -- i you set the table in terms of how we think tax reform is a major thing. >> taxes are always a top three concern for small businesses, regulatory concerns, taxes. all businesses i talked to they want a more simplified tax code. many of them that i spoke to liked the idea of the donald trump administration for that very reason. >> you are looking forward to some sort of tax relief rsh right? >> absolutely. any entrepreneur when it comes to lessoning taxes you have to be bullish about that. >> are you afraid because you have operations in china and india. i'm not sure if you have operations to sell products within the regions or are you afraid of border adjustment tax? >> i have global operations because we supply to most of the large american companies and they source their stuff from overseas. my number one concern with the trump administration is if he -- i am cautiously optimistic that he is realizing that you campaign in poetry b

kate rogers is here in morning with that in cnbc's business news. >> well, a lot of fit bit trackers were probably unwrapped on christmas day. it was the top free app downloaded on sunday suggesting that a lot of the fitness devices were given as gifts this year. am do echo was popular at number four. >>> the dow will take another stab at reaching the 20,000 mark this week after coming within 13 points last week. the market volume is expected to be stagnant as many of the traders are on vacation. the dow rose 14 points to 19933, the nasdaq up 15 points to 5462. back over to you. >>> coming up in your first alert forecast, tracking rain this morning and also those winds that are picking up outside. here's a live look at the flag whipping around. we'll talk about when the winds may die down and when the rain moves out today. >>> and have you seen them? next on nbc 10 news today, we'll update you on the search for a missing south jersey woman and her 5-year-old great granddaughter. >>> plus, temple u, the owls face off in an all or nothing bowl game. next we'll talk to students and play

kate rogers has more on those stories plus what's moving markets after the three-day holiday weekend. good morning. >> good morning to you. the dow will take another stab at reaching the 20,000 mark this week, after coming within 13 points last week. market volume is expected to be thin on this final week of the year as many traders are on vacation. look for economic data this morning on home prices and consumer confidence. 'tis the season for making returns. about 10% of holiday gifts are actually returned, with the majority made at brick and mortar stores. that gives retailers a chance to sell customers more items and clear unsold inventory. >> this week after christmas could account for 14% of total holiday sales. a lot of fitbit trackers were probably unwrapped on christmas day. the pit fitbitt app was the top app downloaded on sunday, suggesting a lot of fitness devices were given as gifts. amazon's oako was also popular. back over to you. >> thank you so much for that. >> and just ahead, sarah michelle gellar's '80s icon mix-up that has the internet in an uproar. >> plus, how on

our kate rogers went to beardstown, illinois, to hear their story and find out where they see the next big opportunity. beardtown ladies have seen it all from the stock market soaring in the 1980s to the housing collapse in 2008 and resthaegs followed. through it all, they continued to meet once a month in beardstown, illinois, contributing a modest $25 each for what they call the three es, education, enjoyment, and earnings. >> we've been through a lot of ups and downs. we've seen the market go up and we've all smiled at the meetings. when it goes down, we don't get sad. we look for bargains. >> right. >> it's a sale. it's like a discount sale in a department store. >> you're right. >> let's go shopping. >> after launching in 1983, they rows to fame in the 199 o's. they fell out of the public eye after a mathematical error inflated the rate of return. they kept at it with 16 members when range from the early 30s to late 80s. there say retired hog farmer and funeral parlor owner in the mix. the portfolio expanded to 17 dmpz and $450,000. >> johnson & johnson, worldwide wolverine shoe c

kate rogers from new york, thank you very much. >>> if you're in the market for a new car, now is a great time to shop. buyers have more bargaining power to hit sales targets before the new year. the year-end push says deal rs are more likely to to offer rebates. >> that year-end push never works for me because my lease is always up in april. >> you have to figure out the timing. >> i have to fix that. >>> it was 4:51. white christmas in the sierra. we'll show you the trash problem plaguing some resorts and tell you how long it could last. >>> first, happening right now a facebook post is now making international news. a girl celebrates her 15th birthday with thousands of people in a rural mexican village after the invitation to the event by her father went viral. read why all the attention caused a lot of problems. >> also, we know some of you have the entire week off with your families. that's a nice thing. we put together a list of festive finds. on nbcbayarea.com take a look at some of the fun things still going on around the bay area in light of the holidays. we're back in just a min

sales expected to hit $5 billion this year and contribute as much as 17 billion our kate rogers has more from denver on the challenges of finding workers as the industry comes out of the shadows. >> reporter: cannabis has been a gold mine for andy williams and his company medicine man, a lifelong entrepreneur, williams is that righted a small family business in 2009 and now runs nine separate marijuana related ventures sand planning to expand. >> we have very unique problems for this industry as it's growing and coming from the another opportunity for an entrepreneur to make that problem go away. >> the industry offers a myriad of career paths for job seekers from plant cultivation to manufacturing retail and management b.150,000 people work in cannabis today according to analysts and next pect the opportunities to expand in the coming years. giving eight states past ballot measures >> with the new laws we'll triple sales than will have massive impact on communities and states that is trickles throughout our economy. >> reporter: the marijuana business daily protects the economic impact

kate rogers and the impact it's having on the neighborhood. kate? >> reporter: hey, kelly.lot of talk about high-end businesses from gucci to active niece feeling this security information. but small business just around the block told us they're experiencing major losses since the election of trump. >> this year we've had an excellent year up to this point. we've been up 20% on the average. november we're down 30%. police presence on the corner has just been, you know, intimidating. so what really puts us over the top this time of year are tourists. and they're scared to walk down 56th street. >> reporter: a higher-end italian restaurant told me they're down between 30 and 40% since the election. because their customers are having a harder time getting to the door. >> they like to be dropped off and picked up. and they can't do that. oh are if they can, it takes a half hour and a lot of people for lunch, especially if they have one hour for lunch. so they lose half an hour and they cannot come here. and a lot of other businesses around here. >> reporter: peter, the owner o

first kate rogers has the market wrap. >> stocks end lower, but it was a winning year.he dow shed 57 points, but the spp rose more than 9% this year. it jumped over 7% to 2016. they had quite a run and a whopping 45% since january. the pest performae since 2009. a top session after regulators asked for more regulation with the merger with bass pro shops. first in business worldwide. need go... london's got the best of everything. cornwall's got the best of everything. sport sport nightlife nightlife (both) fashion adventure i'm tellin' ya, britain is the only place you really need go. expedia. everything you need to travel britain better. and we thoroughly test all our nuts for superior craveability. hey richard, check out this fresh roasted flavor. looks delicious, huh? -yeah. -richard, try to control yourself. -i can't help it. -and how about that aroma? -love that aroma! umph! -craveability, approved! -oh, can i have some now?! -sure! help yourself. -wait, what? -irresistibly planters. >>> donald trump was unlike any candidate in the modern era. while many of the mos

kate rogers has more. >> main street is experiencing a surge in optimism in the wake of the electionrump. new data from the national federation of national independent business finds confidence soared thanks to expectations of real sales being an improvement in small business owners for business conditions post election. the nfib monthly reading hit 98.4, the rate is above the 42 year average of 98, the second highest reading since 2011. it also the largest month over month increase since the same time period. the nfib responded before and after the election, averaging the response for the final reads. post election, the number climbed to 102.4. eight of the indexes ten components increased this month, overall expectations accounted for 69%. while donald trump's specifics on the campaign trail in terps terms of how he would tackle policy, they say those things are responsible for that huge climb. it all matters whether or not he follows through on the campaign promises. >> we have seepn a spike on interest rates. >> they tend to pay a little higher interest rates than average person.

. >> for more on the rest of our news before the well, let's check in with kate rogers live from cnbcworld headquarters. >>> good morning. wall street set to start the day in the green. u.s. futures higher as investors eye william dudley's upcoming speech. they aren't expecting the fed to hike interest rates and dudley could offer up some clues. back to you. >> thank you very much. >>> we are going to get to weather and traffic. you mentioned it was foggy. >> i would say coming in from san francisco you saw fog covering the highway. starting in redwood city down through mountain view. we've been looking at our cameras. we have a decent view of san jose behind us. >> it all depends on where you are. south bay was clear. socked in by cloud cover keeping is warm. a look at that traffic and the forecast. >> the start of the week is looking pretty good. as you get up this morning, just make sure you get ready faster so you can get out the door sooner. especially if you're in some of these areas revealing dense fog. that's in san francisco. you can barely make out what this is. those low cl

our kate rogers traveled to the land of lincoln to see what those beardstown ladies think of this trumpte. >> reporter: these ladies are so famous, they have their own museum exhibit here in city hall where we've been live all day. the ladies say they weren't too surprised about donald trump winning the election. now they're focused on ways to strategically invest in this new administration. >> i was glad he was elected, we watched the market go down one day and then came right back up. on the committee we're looking at stocks that are perhaps going to be helped by adding more to the military and defense stocks. so this is the type of thing we're looking at to consider buying. >> they're also watching closely the health care sector because they're not too sure what's going to happen with obamacare. they say they wouldn't mind a little volatility either, even though they're loving the trump rally. >> i feel like the best is yet to come, honestly. if we do hit a correction, it's time to shop. >> over the past 30 years, the strategy has been the same, always it's to invest in what you know

kate rogers is in denver to tell us where the jobs are.hat's next. >>> coming up, the final jobs report of the year. it's a make or break number for the fed's rate hike plan. and it could help determine if we get a santa claus rally this year. >> don't tell him what you want. he's a liar. you disgust me. how can you live with yourself? >> just cool it. >> you sit on the throne of lies. >> the number and instant analysis, coming up at 8:30 a.m. eastern. okay, so you launched r bank's app. now what? how will you keep up with the new demands of today's digital economy? the fact is: some believe they won't need a traditional bank down the road, so at cognizant, we're helping banking and financial services companies think digital, be untraditional, and reimagine what the bank of the future can be. our clients can now leverage customer intelligence to predict their financial needs and provide more contextualized products and services. we're creating new platforms across channels so customers can effortlessly invest, borrow, lend, transact-wherev

we sent our kate rogers to beardsto beardstown, i willinois, to che in with an investor club riding the and lows for a decade now. hi, kate. >> reporter: the beard town ladies are such a big deal they have their own museum exhibit. this started with $1,600. they were hit with a scandal that same decade over inflating the size of their returns. they fell out of the public eye but that didn't stop them from continuing to meet and invest in the market. we sat down with eight of the group's 16 members including two charter members in their 80s. we are here in middle america so the ladies weren't too surprised about the election of donald trump but are happy with the market rally that's come along with it. >> i was glad he was elected and we watched the market go down one day and it came right back up and i think we are on the committee right now and we're look i looking at stocks that will be helped by adding more to the military and the advanced stocks. >> reporter: they're continuing to watch stocks in the health care sector because of the uncertain future of obamacare. they have 17 stock

. >> for that and the rest of your news, we turn to kate rogers live at cnbc world headquarters. good morning. >> good morning to you. the dow will take another stab at reaching the 20,000 mark this week after coming so close, within just 13 points last week. stock futures are slightly higher this morning. market value expected to be thin on this final week of the year as many traders are on vacation. look for economic data on home prices and consumer confidence. on friday the dow rose 14 points to 19,933, the nasdaq up 15 points to 5,462. 'tis the season for making returns. the national retail federation says about 10% of holiday gifts are returned with the majority made at brick and mortar stores. that gives retailers a chance to clear unsold inventories. analysts say the week after christmas could account for 14% of total holiday sales. >>> the strength of "rogue one" pushing the box offices to a new record. "rogue one" topping the competition for a second straight week with $96 million, the "sing" the animated film opening in second place with $53 milli million. >>> also appa

coming up, they are part of one of the most famous investing clubs of all and kate rogers has the storyte. >> hey, tyler sh that's right. we check in with the famed beards town ladies, but they're not making predictions about 2017 just yet. >> if we did, we would not be sitting here. we'd be in aruba on a beach. >> more on that and their take on the trump rally after the break on "power lunch." >>> welcome back to "power lunch." therapeutic shares following by 9% after six former executives at the company including its former ceo were arrested on charges they allegedlien gauged in a scheme to bribe doctors to prescribe their companies pain medication and possibly defraud. last month, the company's cfo said they were optimistic there would be a department of justice resoluti resolution. the shares have lost two third its value this year. ♪ >> remember them? beards town ladies. seen it all from the stock market soars in the 1980s to the housing collapse in 2008, recession that followeded. we had to hear what the famed club is thinking and that's where we find kate today. hi, kate. >> hey,

kate rogers is here with that story. kate?> well, consumers seem to have been spending more in the final week of the month. new date why a analytics founds rose 6.5% year over year, but the data from december 1st through the 26th shows sales down over 10%. one week doesn't really tell the whole story just yet. retail next data draws on responses from 1,000 retailers in the u.s. the last minute shopping surge is welcome news as spending was slower in november, falling 3.5% year over year, despite a strong jump in online sales according to the national retail federation. separate data from mastercard shows the beginning of november through december 24th and helped to push retail sales higher by 4%. official stats from government and retailers will be out next month. in the meantime, president-elect takes credit for consumer confidence an the market rally. he noted this is the highest the index climbed in more than 15 years, adding, thanks, donald. >> you specialize in -- >> i want to thank myself for that. >> we talked about sma

kate rogers has got more. >> main street is feeling more optimistic post election hoping a donald trumpcy ushers in four years of business friendly policies. >> first deregulation. >> small businesses cheered at the recent halting at the department of labor's overtime rule. trump ran on promises of deregulation and small businesses are hoping for more including joint employer rules under national labor relations board and policies under environmental protection agency. >>> say good bye to the employer mandate. with trump promising major changes it is unlikely the mandate stays in place. the rule which requires businesswise 50 or more full timers to offer health insurance has been cited as an impediment to job growth. >>> the federal minimum wage stays unchanged. trump said he was open to the idea of a higher federal minimum wage. his nomination of fast food executive for labor secretary and republicans in control of congress mean a hike in the federal minimum from current $7.25 seems unlikely. expect more action at the state and local level to raise pay for low wage workers. one thing i

our kate rogers joins us now with details. >> reporter: that's right.idents of the confederate tribes in oregon where seasonal unemployment can reach as high as 85% are betting on an ambitious cannabis venture to help create jobs. he grew up on the reservation watching those around him struggle with joblessness and poverty. when recreational cannabis was legalalized he had an idea, a tribal-run cannabis operation. >> the cannabis project is 36,000 square feet greenhouse located on the indiana reservation that will grow, cultivate, extract. >> to pass the project which is in the planning phases the tribe put things to a vote. the endeavor will cost up to $7 million and create about 70 jobs. the only catch, cannabis isn't legal on the reservation. >> it is a dry reservation. alcohol use isn't permitted. we treat cannabis in a similar stance. our goal is always to invest in our people and get family wage jobs so our folks can take care of their families. >> reporter: so the venture would be among the first of its kind in the nation. they hope to break grou

kate rogers talks to small business owners, what they think about it. >> we have traveled the country. look at this map. 12 different cities, profiling nearly 40 startups. largely companies are in wait and see mode when it comes to donald trump's presidency and the action he may or may not take on obamacare. in columbus, ohio, joe deloss is offering coverage. the company employs more than 50 that is largely impacted by incarceration. >> about a third of our workforce is full time. for our entire team, we provide an alternative insurance product that reduces the rate of some medical costs based on prenegotiated rates. >> in detroit, eric of detroit denim hopes to offer insurance in the future but doesn't have to comply with the employer mandate. >> we do not offer any sort of health benefits. but that is a goal of ours that as we grow, that's one of the primary things we want to offer our staff here. and so if anything, it is really put it more at the forefront of when we can do it and how we can do it, but, you know, it is important to us to be able to offer benefits, regardless of wh

kate rogers at headquarters. final look at markets on this final trading day of 2016.r set to see double-digit gains for the s&p and the dow. who would have thought with all the shocks and unpredicted events. >> absolutely. and also the dow is up some 9% for the quarter as a whole. a strong run. this final week of the year we've seen a bit of profit-taking, some money go back into bonds and the dollar rally slip a little bit but on volumes. question will be next week when volumes pick up again do we see those signs of selling continuing to pick up. >> we'll be watching crude oil. that's been an indicator of strength this year. the mexican peso has been a reflection of the trade epps tensions, the vix for volatility index, many more. >> and the banks strong performer, the second best sector on the whole for the year having started so slowly like energy did as well. >> that'll do it for "squawk on the street." happy new year and best wishes for a happy and healthy one. kayla and "squawk alley." >> the same wish for you guys. happy new year to both of you. 7:00 p.m. in mo

kate rogers at headquarters.we are joined now by the head retail analyst at morgan stanley to talk winners and losers here. that consumer confidence level, jay, sure trump takes credit and it's hard to exactly pinpoint the why, but does it necessarily translate into higher spending? >> i don't think it does, sara. you know, the important thing is retail spending is about two things, the willingness to spend, which is confidence, but also the ability to spend, which is how much money people have in their pockets. a cfo of a major foot retailer told me you can't spend confidence. i don't think that's why we're seeing retail sales jump as much as maybe people were hoping for. now, the last week was probably good but doesn't make up for all of december which was generally a little bit soft. you know, we get some great consumer survey data from a company called prospects analyti analytics, what they showed in most recent december survey people are feeling more confident, less stressed about politics, but when they're

. ♪ >>> over the past year kate rogers has profiled start-ups in 12 different cities across america.he recently checked in with a few of them to find out how president-elect trump will impact everything from wages to regulations. hi, kate. >> hey, joe. over the past year we have visited the 12 cities that you see right here behind me. we've also profiled nearly 40 different companies. with 2017 just a week away and a new administration right behind it, we caught up with some of our biggest successes to hear their thoughts on what a trump presidency might mean for their business. the founder of detroit denim company we visited in march, he's committed to keeping his production right there in the city. >> one of the big questions that is -- will, you know, i guess, answer itself at some point is what does it mean to a small manufacturer in the u.s. and we heard a lot of discussion about that of how that was the focus and bringing back, you know, jobs to the u.s. but that remains to be scene. when i started this company i had very specific values of how i wanted it to run, how i wanted

kate rogers looks at what to expect in small business. >> reporter: main street is looking for trumpusiness friendly policies. first, deregulation across the board. small businesses cheered at the recent halting of the department of labor's overtime rule. expect more to come. trump ran on promises of deregulation and small businesses are hoping for more including joint employer rules under the national labor relations board and policies under the environmental protection agency to be loosened. second, say good-bye to the employer mandate. with trump promising major changes to the affordable care act, it's likely the employer mandate stays in place. the rule which requires businesses with 50 or more full-timers to offer health insurance, has been said to be an impedement. and republicans in control of congress mean a hike in the federal minimum from its current seems unlikely. but more action at the state and local level to pay for low wage workers. one thing is for sure. the idea of deregulation does have main street feeling more optimistic. the latest survey found sentiment soaring

i googled low income tax credits (laughter) so personally i would like to grow up to be emery rogers and kate hartley you have the crazy ability to have technical power and to clear in persuasive terms all if you understand what is going on and then you also each bring basically stability in every single interaction with colleagues and members of the public so that mites sounds like trivial but we all know now more than ever before a that's the model we should cling to those are 4 key people but there are hundreds more exceptional problem solveers within the city government and working with them is a awesome - benjamin and (calling names). >> and the whole management team anothers mohcd there are many more and no longer a work colleague but my favorite city employee a ms. hayward thank you for your our unwavering sense of humor for ever harebrained project most because of raising 3 young kids not city and then out of no where my mother-in-law is here there's been a lot of talk of the really, really that the public employees pay i want to acknowledge that i grew up with two awesome employees m