mike murphy, you were saying seminal moments.e hillary clinton convention, much praised including by me. but when you look back at it, it shows the head of the democratic party and clinton messaging was a lot on bathrooms and identity, not a lot on spot welding and lost jobs. when trump attacked mccain on july 18th, 2015, and nothing happened bad to him, in fact, he went up a little, that was an early canary in the coal mine that it was going to be a different kind of election. >> you want to fight -- >> i don't want to fight with him. but i think it's easy -- comey is an easy punching bag. but if you rewind the tape, march of 2015, when "the new york times" did the first thing about the server, once that came out, that was it. there was a trust bothiness issue that continued throughout the campaign that was impossible for her to get away with. i know comey is easy to blame at the end, but she had that problem for about a year and a half as a result of her own making. >> no doubt about that. >> i don't disagree with that. that wa

now, mike murphy, you were saying seminal moments. go!e convention, the hillary clinton convention, much praised. when you look back at it, it shows that clinton messaging was and identity,ooms not a lot on spot welding and lost jobs. trump attacked mccain and nothing happened bad to him. he went up a little. that was an early canary in the coal mine. >> you wanted to fight with -- >> i don't want to fight with him. think it's easy. punching bag.sy when the new york times did the the server,about once that server story came out, that was it. a trustworthiness issue that continued throughout the campaign that was impossible for her to get away from. that comey is easy to sort of blame at the end, but for about a problem year and a half as a result of her own making. >> i don't think there's any that.about >> i don't disagree with that. that was the original sin. whatf you talk about, effect of the vote at the end, what was seminal in the sense of think it wasact, i first comey, who brought the e-mail issue alive again, and the fact that th

mike murphy again.p technology and would i think of coal miners i think of men underground digging and coming out covered in black set. how does technology is technology changing in the industry and what is it doing that will help the industry going forward. there's two types of technology. there's the technology needed in the mining of the coal to make it healthier for our minors and there are many forms of technology being employed there. and then there is the technology on the utilization of coal. and as what we need to promote in this country so that we can use more of it and burn it cleanly without any environmental destruction at all. and we can do that it's a matter of commitment. of getting the government out of the energy business and let the free market system determine which form of fuel will be used to generate our electricity and power our vehicles. >> you make a lot of good points. we will be watching. thank you for analyzing it with us this morning. it's good to see. there is more coming

founder and ceo mike murphy and jony courtney. >> always here on time. mike: good morning. dagen: we want the news to be good. >> 175,000 jobs expected. dagen: if you get in the neighborhood, 181,000, it'll be good news. mike: regardless of the number, there's a different vibe out there. maria: i agree. mike: more positive vibe. maria: a lot of optimism going into '17. mike: and we need it. >> they're not expecting that much but i think it's going to be more. maria: president-elect trump making headlines last night after announcing james mattis for secretary of defense. >> i don't want to tell you this because i want to save the suspense for next week, so i will not tell you, i refuse -- don't let it outside of this room, do you promise? raise your hand. we are going to appoint mad dog mattis as our secretary of defense. maria: now in order to mattis to take the job, congress would need to wave a requirement that defense secretaries have not been active duty in the last seven years can resume active duty. joining us right now betsy mccoy. good to see you. >> i'm thrilled wi

mike: this is mike murphy. one thing i noticed with the cabinet is that you're getting -- he's not really filling it up with yes. that's something i like. i want to have that push back and forth in the white house. can you speak to that? >> yeah, he is getting some flak for this wealthy group of individuals that he is nominating for his cabinet. they have shown a lot of business and very successful in their business endeavors, so i think, you know, this talk of draining the swamp. the swamp may not be drained completely but high-end swamp. it's going to look a lot nicer. [laughter] dagen: i want people in the cabinet who are broke who failed, who failed at business, why are broke or maybe wound up in congress for their entire career. maria: specially if they are there for 30 years. dagen: to your point, there's so much that's been written about andy puzder, labor secretary nominee about he's antijob creation because he's oppose today raising minimum wage, opposed to the overtime rule that obama administration s

is it that much significance, mike murphy?we always put the psychological numbers so there's a lot of significance on it, but i think past that, once we hit the number and past the headline, if trump's policies are able to keep this growth going and get a turn around in the earnings recession we had and real growth in the economy, we talked about it, 4% gdp growth, we could get through 20,000 and have higher highs. stuart: this is expectation of very strong growth in the future for our economy and gro et growth in profits. >> absolutely. it's not only growth, but lessening of the grip of federal oversight and penalization of kms. and there are fees in various kinds of personalities in the last years. stuart: 100 billion? >> 100 billion. liz: that's right, interest rates going up. remember when jamie dimon quoted ben bernanke, how much is dodd-frank going to cost? ben bernanke said it's too complicated, we can't figure it out. and it's dialing back of dodd-frank and rates going up. and watch the yield curve steepening, that's a

mike murphy, you're the future. >> 100% it's the future.ou're seeing technology affect every part of our lives, seeing is everywhere, as you know, we run a venture capital fund. tyson foods is creating a capital firm. >> the jobs are going away. am i right here? those jobs are going away with this kind of technology. >> they're all going to go away and this is the future and it's sad because the way that we pushed the minimum wage debate. little ceasar's pizza, they need one employee, they have a machine that makes the pizza and boxes it and one employee to open the door. and the way they're going, mcdonald's and burger king have those to wipe out part-time employees because of what's going on the last few years. stuart: adam shapiro has ten seconds to tell us we're wrong. >> on-line purchase of groceries 5% of that spent in the country. if you buy stock based on this technology you'll have to hold it for about 20 years. stuart: who says on-line grocery shopping is only going to be 5% of the market. >> they could be wrong. stuart: who says?

todd horowitz, mike murphy. 20,000 on the dow is 126 points away. that's it.re we going to hit it today? i've gone around the block on this one. mike murphy, 20,000 today, yes or no? >> tomorrow, tomorrow, i'll take tomorrow. steve cortez? >> i don't know if we'll hit it today. we'll hit it before christmas. it's not just the policies that have changed. it's that the mentality has changed anthes important to the animal spirits. >> lizzie. liz: we hit it tomorrow, after the fed raises rates they'll see it. stuart: ashley webster. ashley: i'll say today. stuart: todd horowitz in chicago shall freezing cold, i'm sure, 20k today? >> possibly today. but maybe, they've got a good chance. it's thin they're going to run it. they'll give it a run, whether they make it will be the other question. stuart: okay. look at the stocks on your screen. these are the big winners ng mo the 30 dow stocks. all of them are up and boeing in particular, we've got a story on that, pfizer, merck, they're up. more dow winners, goldman sachs, they've got their third top guy into the top j

sorority sister some college is stephanie murphy who beat john mike in florida. that she's amazing and she's young and vibrant and excited. so look, i think revenue asian woman center from illinois -- >> tammy duckworth. >> i would just say there's always something to hope for and believe in, but i think now is the time to pass the baton and pass the baton onto kind of who the next leaders are. that's how the obama steel. in a lot of ways that's how a lot of us feel. we will be involved in a different way. so hopefully people in this room will come lead some movements. >> that's right students listen, i think we're out of time. what a great conversation this had been. i want to think all of you for sharing some of the remaining time in the white house with all of us today. i'm going to turn the conversation over to our final discussion of the day, my colleague carrie budoff brown, and valerie jarrett, your colleague from the white house. thank you.

thank rachel, mike murphy, tony, great to see you, have a great holiday. merry christmas. >> merry christmas. >> merry christmas. maria: that will do it for us. here is "varney & company" and stuart, take it away. stuart: thank you very much indeed. we'll see you shortly. thanks. whoa, what a wait to cap off a tumultuous year. 20,000 on the dow it looks like we might get there. the close yesterday was 25 points away, could hit the big number right at the opening bell today. all right, got that. now, step back a little. look back at a remarkable year. hillary clinton was expected to win the presidency, right up to election day. she led in the polls and then, donald trump won. immediately, the trump stock market rally began and as his conservative cabinet emerged and his growth plan took shape, the market rally kept going on going. janet yellen raised interest rates, who cares, the market kept going. china flexed its muscle, terror struck in america and europe, the market did not blink. so, here we are, 25 points from 20k on top of this the most explosive ra

mike barnicle. >> senator murphy, what would the procedure be in the incoming trump administration sought to withdrawparis accords? >> well, this is an executive agreement so he doesn't need the consent of congress to withdraw from the paris accords and that's the weakness that entering into an international agreement that isn't a treaty. there's a fairly long progress inside that executive agreement to unwind it so it would take a number of years for him to back out. when you're in the black box of a campaign it's easy to come out and tell the country you'll back out of an international agreement like paris but we'll meet with international leaders who will tell him it's not just about climate if you back out of this agreement, you're going to compromise u.s. integrity on other fronts when the president enters into an agreement, there is an expectation that will last at least through the next administration. i think as he understands keeping the country safe, he may rethink backing out of paris. it's no the just about the damage that would do to the climate. it's also about the weakness it would por

. >> eddie murphy impersonating james brown, getting in the hot tub. >> oh. is that going to be you, mikeid were you wearing a speedo. >> ya. no? it is lamb a, gold lamb a. first day of winter, been winter since about 5:44. if you happen to swing by, you know, we should have put ken rot while nerve that hot tub. they say keep the lid on it, may get into the 90s or 100 degrees. >> i hope soap. we have to warm up. >> ya. cold right now. still below freezing. temperatures have been in the upper 20's. by this afternoon, some recovery. temperatures will go above average. weather by the numbers for your wednesday, first, day of winter, not bad. we will give it a eight. but live look outside of the studios right now show it is cold, 29 degrees. so hopefully that hot tub is warming up. we're looking at 28 atlantic city, 26 in allentown, mid 20's right now as we move into wilmington and trenton. so high off to the south, will move further to the east. westerly winds, what about 45 degrees, in philadelphia, 46, the high temperature down the shore, and low 40's, in the lehigh valley. coming up: your

murphy's rule on housing, you could not discriminate against anyone seeking a room unless yo you wod for fewer rooms in your house. it wasn't until mike 68 we elected the first black state senator. that's how i got involved when i was in high school, and college, in law school. he was assassinated. my city was one of those cities partially burned to the ground. my hometown that is going to go home to in june, wilmington, delaware, was the only city in america since reconstruction occupied by the military for seven months. military on every corner with drawn bayonets. on june 6 i graduated, and shortly after i started across the stage to accept my diploma, my own political hero was murdered after being named a putative nominee for the democratic party. imagine, those of you who were in school, imagine if when the last primary that determined barack obama to be the president, had he been assassinated. imagine. imagine what would have happened. in august the democratic convention, more than 10,000 protesters clash in the streets for the whole world to see with 20,000 policemen and national guard. it was chaos. it was chaos. the '70s, thi

murphy from bloomberg businessweek. ahead of the federal reserve decision today, we're breaking down retail sales and more on that breaking story of the goldman sachs succession plan. mike be joining us shortly. a seven-day winning streak on the dow, an all-time high and staring down 20,000 points. features -15 points, down a marginal 10th of 1%. the bond market big throughout much of the session. yields are up by three basis points. 244 on the u.s. 10 year. from new york, this is bloomberg. ♪ jonathan: this is "bloomberg daybreak." in the markets, we look like this. ahead of the federal reserve decision and retail sales in the united states as well, features are -18. in the bond market, treasury d, the yield is down two basis points. handle.ar-yen is at 114 a weaker dollar ahead of that said decision. the retail sales number drops and comes with the downside surprise at 0.14% for the month of november. the meeting estimate was 0.3%. sales, auto, and gas coming in at 0.2%. for the previous month, dan ward revisions as well -- downward revisions as well. the dollar rolling over a little bit, down by a quarter of 1% on the dollar index. a big downside surprise on the marg