mario gabelli is back with us.re is talk about tariffs and punitive taxes. >> 60 years ago i took economics 101, and we head about the impact in the 1930s and the impact holly had on the trade. it was imposed in 1930 and the great depression continued. but ricardo and adam smith, the fundamental forbearers of the system of allocating capital would around wants efficiency. anthony: we had a cat his mick a cataclysmic event this week. >> the markets are quick to adjust. anthony: in the last 48 hours, understood this scenario, higher interest rates, higher earnings growth, who will be the beneficiary. >> let's look at several infrastructure plays. everything that we can think about that we need help on. that's fiscal policy augmenting monetary policy. companies like mueller industries, mli in memphis, tennessee. >> i actually visited them. >> you also probably visited the elvis presley museum. basically the stock is a beneficiary of construction and copper that they process. hard rocks, companies that rent equipment l

mario gabelli is back with us.here is talk about tariffs and punitive taxes. >> 60 years ago i took economics 101, and we head about the impact in the 1930s and the impact holly had on the trade. it was imposed in 1930 and the great depression continued. but ricardo and adam smith, the fundamental forbearers of the system of allocating capital would around wants efficiency. anthony: we had a cat his mick a cataclysmic event this week. >> the markets are quick to adjust. anthony: in the last 48 hours, understood this scenario, higher interest rates, higher earnings growth, who will be the beneficiary. >> let's look at several infrastructure plays. everything that we can think about that we need help on. that's fiscal policy augmenting monetary policy. companies like mueller industries, mli in memphis, tennessee. >> i actually visited them. >> you also probably visited the elvis presley museum. basically the stock is a beneficiary of construction and copper that they process. hard rocks, companies that rent equipment

mario gabelli weighs in on the markets and the election. >> plus, digging into gabelli's media investmentstone's plan for viacom and cbs. >> so i think it makes sense to explore whether or not these companies can come up with a way to get together. >> and happy veterans day. retired four-star general david petraeus is here to discuss how military talent helps the businesses around the world, as the final hour of "squawk box" begins right now. >> announcer: live from the most powerful city in the work, new york, this is "squawk box". >> welcome back to "squawk box" here on cnbc, i'm joe kernan. the futures this morning, they are -- geez. i thought they were down. they're not. the nasdaq had a tough session yesterday, tough session today. i wonder if you talk about that. it is a cyclical. >> but don't you think that's where some of those multiples were so huge, in a rising interest rate environment. >> you would think that the big thing, all of the money would come back. >> agreed. i thought about that too. >> you would also think that the -- and we'll talk to pario in a second. you would al

catherine first mario gabelli joined the team on "squawk box" today and i want you to listen to this. hears what he had to say about the sector. >> we need to clean up our waterways, we need inland waterways, rails. how do you play that? on wednesday morning the infrastructure stocks jumped sharply. >> so it you to actually answer, kathryn mario gabelli's questions how do our viewers and listeners plate. >> best way are the aggregate stocks. whether you're going to be building a road or going to be beefing up rails or going to be building out waterways it's going to be the aggregate stocks. those top names include vulcan materials, martin marietta materials. another play head waters. >> up and i talked with spending plan. the fast act. about $305 billion over five years. it looks good. when i look at the returns. summit, stock is up 20% already this week. how confident are you that the gains aren't already baked in in what's been a monstrous couple of days. >> that's a great question. there's really -- we're about to embark potentially on the biggest infrastructure spends the u.s. has

anthony scaramucci and gary kaminsky talking to mario gabelli and talking about president-elect donaldrump and how his presidency will affect the country, your money, the markets and the economy. 8:00 p.m. eastern, and "stossel," the election is over, obviously, but trump will soon be president. john is asking now what? 9:00 p.m. eastern only on fox business. >>> the dow up six points. disney is helping that party. at least, try and get above the forecast line for the 158th time. disney leading the dow up three bucks. mouse house blaming espn for dragging quarterly earnings lower but using the force to predict better times ahead. releasing new international trailer, you're looking at it for stand alone "star wars" movie rogue one. we get a closer look at darth vader, the movie released in december. disney having best day in nine months after promising growth. and phil mcconkey one of the heroes of super bowl 21 but gigantic fete is nothing compared to what he does now. helping veterans find jobs in the financial sector. on this veterans day, he's here to talk about the three things for

he wrote the book "trumped" and the legendary investor mario gabelli. stuart: give him my best., all good stuff. enjoy that he canned woo -- enjoy that weekend, you deserve it. dow jones positive -- no, down, i'll call it flat. how about this, chelsea clinton for congress, question mark? details, e-mack liz: so nina lowy, a representative, she's basically retiring and the word is out that she's being prepp by new york state democrats to run for that seat. there's been a lot of speculation who would take that congressional seat. it represents-- lowy represents rockland and it's natural, she lives in chappaqua. the story is out, chelsea clinton might be groomed to run for the house. stuart: will she w deathly silence. they're just looking at me. [laughter] all right, i'll move on. if i can't get an answer to a question, i will simply move on. it looks like a dynasty to me. >> the quote in churchill. in victory magnaminity. transcanada, the keystone pipeline, blocked by president obama. they're trying to get trump to revive the projectment sounds like a winner to me. and john hofme