mike santoli joins us here at post 9, along with jon fortt and kayla tausche, to talk about the market impact. the president of the united states this morning commenting about the overall stock market. >> yes. >> and how much people who bought in since the election have been rewarded. your thoughts. >> it is true. i mean, there's no way to get around the timing of it all, but i've been sort of saying a lot had to come together, both with regard to policy and policy hopes and outside of that for the market to do what it's done since the election, as many people have commented. ah all of the leading indicators turning up, earnings pointed in the right direction and bond yields globally going up. all this fed into an idea that things were getting better. and then you had the overlay of there will be business-friendly policy coming out. and i think it did keep investors focused on this story line, that yes, things are getting better now, but maybe we

for "nightly business report," kayla tausche in san francisco. >>> yearly outlook after disappointing sales and this is where we begin the market focus. owner of ann tan taylor and dress ban lowers it expectations. shares almost down 10%.taylor as ban lowers it expectations. shares almost down 10% >>> walmart will rim natuelimin jobs at its headquarters and reduce regional personnel. walmart shares off 48 cents. they closed the 68.23ed. >>> and shares of illunina says they may be able to decoat code in the future. and they are up 16%. 165.04. >>> and chipotle couldn't beat analyst earnings expectations. the chain said results were are hit by higher avocado prices and increases spending on promotions. but investors were pleased and shares up almost 4%. >>> yahoo! will remain itself. it will be the company's 15% stake in the chinese e-commerce giant ali baba. yahoo! said once the sale closes marissa mayer will be stepping down. yahoo! shares rose about 2% to $42.30. and after the bell, ford declared a first quarter special dividend of five cents a share. the company also said that it ex

with me, jon fortt, kayla tausche here at post 9. dow's down 12 points on a busy day.ow by now, at this hour, a number of trump cabinet hearings are under way on capitol hill. congress secretary designate wilbur ross testifying before the senate commerce committee, tom price before the health education, labor and pensions committee. price will also appear before senate finance, which will vote on his nomination. that is scheduled for next week. u.n. ambassador designate governor nikki haley on the hill today as well. we're watching all of that. you heard tom price asking questions about his investments and various health care stocks. wilbur ross answering questions regarding trade, tariffs, some of his own housekeepers that he's had on staff and has now had to fire. so a lot going on tonight. >> yeah, and

kayla tausche and myself at post 9.on fortt's on assignment and inside.com founder and ceo jason calacanis and greik-off partners ellie wheeler. guys, good morning to you both. first to our top story. a busy morning on capitol hill. just moments ago, house republicans along with vice president-elect mike pence making a joint statement on the future of obamacare. we have team coverage this morning. eamon javers in washington, john harwood outside trump tower. eamon, let's begin with you. >> reporter: good morning, carl. you just heard from the vice president-elect, mike pence, saying that repealing and replacing obamacare is going to be priority number one for republicans. he made some news in his remarks here on capitol hill, suggesting that president-elect donald trump on the day of his swearing-in, january 20th, will head straight to the oval office and remove some of president obama's executive orders and also begin enacting some of his own executive actions to create the foundation, as they're describing it, for rep

jon fortt, kayla tausche and myself here at post 9. also all-time highs for the s&p, for the nasdaq, nearly a two-year low on the vix, the 10-year at the highs for the year, around 2.5%. bob pisani, people were wondering, where is bob on a day like today? we're going to talk to him in a moment, but a lot going on across all kinds of sectors, guys, very broad. 75, 52-week highs, including stocks like alphabet, which we'll hear from later in the week. >> and including stocks like apple, which of course is in the dow. you take a look. apple gets bad-mouthed a lot. they haven't had the best run over the last several months, but looking at the past month, it's about the fourth best performer on the dow, up better than 4%. it's doing okay today as well and just about at 52-week highs. so despite the headlines about, oh, it's over for apple, you know, whatever, peter i guess can't be right about everything every single day, at least not in terms of apple's moves in the dow. >> well, there's been so much focus today on materials and infrastruc

carl quintanilla with jon fortt and kayla tausche at post 9 of the new york stock exchange.ning us, business insider ceo henry blodgett. and in minneapolis, bill george, former medtronics ceo, former exxonmobil board member, of course a cnbc contributor. good morning, guys. >>> our first story is amazon today, announcing it will create more than 100,000 new full-time, full-benefit jobs across the u.s. over the next year and a half. our deidra bosa is at one market with more on that. hey, deirdre. >> good morning, guys. amazon was already on track to become one of the largest employers in the country and this announcement confirms that trajectory. the company emphasized that the opportunities will be for people across the country and with all types of experience, education and skill levels. ceo jeff bezos says "these jobs are not just in our seattle headquarters or in silicon valley. they're in our customer service network, fulfillment centers and other communities throughout the country." that is an important point, because of course, trump has made jobs his focus and the te

we'll get to kayla tausche. trump rally rolling on, the dow about a third of a point off 20k friday afternoon but reversing gains this morning. now about 65 points away. joining us to talk about that, cnbc senior markets common tator mike santoli and guys, good morning. michael, got a nice post-up, arguing that if the rally were truly about trump policies being enacted, this would have stopped working a while ago. >> yeah, and in fact, in some measures, it has stopped working. looking at the past month, you had about a four-week rush when it was the obvious trump trades working and driving the rally. since about mid-december, you've seen those things actually lag a bit, right? so, you had bank stocks, heavy industrials, all that's lagged. the tech stocks everybody thought would be disadvantaged have been leading the way here. so to me, if you thought policy was a reason to be bullish in 2017, it's not enough. and i think the good news is the market's telling you there's more to it, which is an earnings rebound a

jon fortt, kayla tausche and myself here at post 9. good morning, guys. >> good morning. >> good morning. >> what does it say that essentially your first order of business is convening a meeting like this? >> i think it's huge. you know, the president has a lot of priorities on his plate and he could have chose meetings with any number of people, but he didn't. he chose it with ceos of manufacturers. manufacturers face some 300,000 different regulations that they're subject to, and it really is crippling. and the compliance costs are huge. and what these manufacturers want to do is they want to put that capital toward innovation and, as he says, new plants. if there's one thing donald trump knows, it's how to build things. and if you're going tofg manufacturers, you'd better know how to build things. so, i think these guys are in sync. i think it's an important indication that he intends to end this decades-long war on jobs. >> well, interestingly, though, morris, this conversation was about the u.s. manufacturing economy, but we just

i'm kayla tausche, joining me jon fortt and brian sullivan is also here for the hour.d morning to all of you. carl has the morning off. joining us, business insider ceo henry blodgett and stifel nicolaus market strategist kevin karen. we're going to talk about the markets, talk about the fact that we are not only hitting and opening at dow 20,000 but also rising through that level. president donald trump commenting on the market's record move in an interview yesterday with abc's david muir. take a listen. >> i'm very proud of that, very proud of that. the business community, and the labor community -- you saw that with the labor numbers that came out. one said it was the single greatest meeting i've had with anybody. it's the highlight of my life. and the dow on top of it just hit 20,000, first time in history. i'm very proud of that. now we have to go up, up, up. we don't want it to stay there. >> you know, it's not uncommon, guys, for a president or an elected official to talk about economic indicators, but what's so interesting, kevin, about dow 20,000 is through th

with me, as always, jon fortt and kayla tausche at post 9 as the dow's down about 20 points.y day for poll kicks and business. one week since the inauguration. the president front and center on the world stage, moving one step closer, some say, to a trade war with mexico, ramping up rhetoric this morning, as the president welcomes his first foreign leader to the white house today. our john harwood is at the white house with all the latest. good morning, john. >> reporter: good morning, carl. you know, president trump did not back away from what happened yesterday when the mexican president canceled their visit next week. he came before the republican retreat and said we have mutually decided to put off this meeting, unless we are treated properly and with respect, there is no point to it. today he sent out a tweet underscoring that complaint, saying that mexico has been taking advantage of us for years on securing the border and on trade, and that has to change now, in all capital letters. but of course, in an hour, he's having a meeting, his first meeting with a head of stat

with me, jon fortt, kayla tausche here at post 9. dow's down 12 points on a busy day. as you may know by now, at this hour, a number of trump cabinet hearings are under way on capitol hill. congress secretary designate wilbur ross testifying before the senate commerce committee, tom price before the health education, labor and pensions committee. price will also appear before senate finance, which will vote on his nomination. that is scheduled for next week. u.n. ambassador designate governor nikki haley on the hill today as well. we're watching all of that. you heard tom price asking questions about his investments and various health care stocks. wilbur ross answering questions regarding trade, tariffs, some of his own housekeepers that he's had on staff and has now had to fire. so a lot going on tonight. >> yeah, and we also have scott pruitt, who is the designate for the environmental protection agency, the oklahoma attorney general, who will also be -- who is also on the hill for his confirmation hearing today. very, very busy week as we lead up to the inauguration

carl quintanilla with kayla tausche at post 9.ur jon fortt live at the consumer electronics show in las vegas. a lot to come from jon later on this hour. joining us at post 9 this morning, elevation partner co-founder roger mcnamee and jonathan, barclays head of u.s. equity strategy research. good morning to you both. big story is the senate hearing under way this hour on capitol hill, top intelligence officials facing questions primarily centered on russia's purported hacking of the u.s. presidential election. senators john mccain, elizabeth warren, tim kaine among the committee members. eamon javers has been watching this all morning long. fascinating headlines. good morning, eamon. >> reporter: good morning, carl. there is an enormous elephant in the room here, and that is this classified intelligence community report on alleged russian hacking of the u.s. election. we know that that report has been delivered to president barack obama and he's had an opportunity to review it today. we're also told that the members of the commit

aisle carl quintanilla with kayla tausche, david faber at post nine of the new york stock exchange.yes on capitol hill. senate finance committee holding its hearing to head steven mnuchin of the treasury. we'll take you there live when his testimony begins. sara will join us from the forum in switzerland. in the meantime dow not doing much, watching oil as well. top story this morning, donald trump's pick to head treasury appearing before senate finance right now. steven mnuchin said to address tax policy, potentially facing grilling from democrats for his role at one west, the lender that he chaired. in a few moments we'll talk to former deputy treasury secretary who also served as acting treasury secretary between geithner and lew. but first to eamon javers who is outside. we just saw you in that hallway a few moments ago. hey, eamon. >> hey, carl, that's right. i'm outside the senate finance committee, steven mnuchin just a few moments ago walked in this door behind me private members only entrance. you can see to my left members of the public have gathered. they've been lined up

my colleague, kayla tausche, is in lafayette park as well for us today. kayla?reporter: -- our purview here. to my left is blair house, where as is tradition, the presidential family that is incoming stays overnight. then they went to church just across the street from here, and then they went to the white house for that meeting that we've been showing you. and the motorcade, as you know by now, has just left. the question for the building behind me is what happens when the president and his staff gets to work later this afternoon? there have been many presidents who have submitted executive orders on day one or memoranda of sorts. reagan, of course, notoriously put in a federal hiring freeze on inauguration day. several days later issued a reduction in federal spending. presidents clinton and george w. bush issued executive actions on ethics for their executive offices. so we will see what the incoming president and his team will do. one interesting detail of note, as hallie jackson, nbc news, has reported, he will be taking on the @potus twitter handle. he wil

jon fortt, kayla tausche and myself here at post 9.all-time highs for the s&p, for the nasdaq, nearly a two-year low on the vix, the 10-year at the highs for the year, around 2.5%. bob pisani, people were wondering, where is bob on a day like today? we're going to talk to him in a moment, but a lot going on across all kinds of sectors,