minuchin is a former partner at like "avatar." a pick for transportation, secretary elaine chow, former labor secretary under president george bush. of senator majority leader mitch mcconnell. georgia veteran tom price and is trump's pick for health and human services secretary. in the meantime, trump tower here in new york has become quite the place to see the once and future leaders of american politics and the republican today they included former vice president dan quayle who paused to speak with reporters. this morning, a few minutes after a fox news segment on flag burning, donald trump tweeted about flag burning. allowed to burn the american flag. consequences, perhaps loss of citizenship or a year in jail. more on this topic later, but for the record, that will be unconstitutional and revoking citizenship for descent would be the stuff of fascism. nobody in the united states can citizenship. carrier announced they would the workers, at their indiana base, that they plan to idle, moving their operations to mexico. this reve

minuchin is a former partner at go goldwin. his firm produced several films like "avatar." bi william ross also a choice. a pick for transportation, secretary elaine chow, former labor secretary under president george bush. she also happens to be the wife of senator majority leader mitch mcconnell. the news we reported last night, georgia veteran tom price and orthopedic surgeon by training is trump's pick for health and human services secretary. in the meantime, trump tower here in new york has become quite the place to see the once and future leaders of american politics and the republican party. today they included former vice president dan quayle who paused to speak with reporters. this morning, a few minutes after a fox news segment on flag burning, donald trump tweeted about flag burning. he said, quote, nobody should be allowed to burn the american flag. if they do, there must be consequences, perhaps loss of citizenship or a year in jail. more on this topic later, but for the record, that will be unconstitutional and revoking citizenship for descent would be the stu

and trump tapping goldman sax executive steve minuchin >>> trump wrote "there must be consequences, perhaps a loss of citizenship." offensive as it may be, flag under the first amendment. will that change under donald trump? >> country , what we stand for. >> reporter: what the american flag represents to jack. and the veteran says he was disgusted when he learned what happened to it at hampshire college. >> absolute crime. >> reporter: the college took protest the election of donald trump. [ crowd noise ] >> reporter: on sunday dozen was veterans rallied to bring it back. tuesday the president elect himself weighed in. tweeting "nobody should be allowed to burn the american flag." >> i believe there should be a penalty for burning the american flag. >> reporter: the supreme court says otherwise. expression under the first amendment. >> we are a country of laws. >> reporter: only an amendment to the constitution or a subsequent supreme court ruling could change that. constitutional law professor robert bloom says nie neither is likely. >> president elect trump would be hardpressed to find s

jeff sessions, steve know minuchin, general keith kellogg. he could be in running for homeland security, the situation it fluid. we're seeing, mike flynn, possibly for white house security advisor. also former trump rival senator ted cruz. the media though, reporting there is chaos behind the scenes surrounding trump cabinet appointment, front pain headline of "new york times" reads firing and discord put donald trump transition team in disarray, trump firing back. saying this is basic speculation, and tweeted out. it is going smoothly. another headlines from the times. we welcome the director of analysis of media research center, tim grand, we have a head line out. from "new york times" saying that trump said that transition going smoothly disputing disarray reports, but watch this, times says, legal delay, freezing the traditional hand off of critical information from current dodge more than a -- administration more than a week after mr. trump won the election. is media being fair? >> no, if you go back to the obama transition in 2008, how

charles: today, trump's national finance chair, steve minuchin, he outlined donald trump's economic priorities>> big focus of regulatory change, working at creation of new infrastructure. and investments there is a lot to do. economic priorities are clearly taxes, regulatory trade, and infrastructure. charles: there you have it, big 4. how do you stack them up on? there are rumblings about what should come first, what will have biggest bang for the buck. >> i would like regulatory reform on the top of the list, i mean simplify regulations, what was put forward by neil and the fed that, perfect example of you should -- how to simplify dodd-frank, make the banks safer by making them have more capital, that is simple, we don't need 1500 pages of dodd-frank to make the banks safe again. charles: and tax cuts? should individuals get their cuts before corporation. >> absolutely. charles: okay. well, i tell you, market is reacting, i love the way that market reacting, it is telling us something, you both said, it senses something, i think it senses what is happening in america. beyond new york and sa

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jeff sessions, steve know minuchin, general keith kellogg.nning for homeland security, the situation it fluid. we're

minuchin is controversial is not only he came from goldman sachs, which has been the center of criticismt made a lot of money buying the bank in california, selling it, making a bundle and in between got grief because the bank was accused of being aggressive on foreclosures. so looked like he was a guy who profited off the financial crisis that caused so much harm elsewhere. >> woodruff: is that true? no. he profited because he bought a bank that was in trouble cheap, fixed it up and sold it. so to that extent, he made money. he comes from the mortgage business but was in the at goldman in the worst of the abuses. >> woodruff: so in terms of accusations he was aggressively pushing foreclosures. >> i don't know the detail. he's accused of that. there were a lot of protests. clearly, the bank foreclosed on a lot of people. lots of banks did that. whether his bank did more than other people, i don't know. >> woodruff: the commerce department, wilbur ross is the pick to be secretary of commerce. >> so i think commerce is interesting but much less important than treasure in general. what make

cabinet candidates include billionaire investor wilbur ross for secretary of congressman and steve minuchin for secretary of the treasury. michael flynn will be national secured adviser. pompeo is pick to head cia in line with mr. trump he caused enhanced interrogation techniques like water boarding constitutional and within the law. alabama senator jeff sessions is trump's choice for attorney general. pompeo and sessions will require senate confirmation. and on sunday, mr. trump took to twitter to compliment chuck schumer soon to be the senate's top democrat. i've always had a good relationship with chuck schumer before taking a shot at reid. he's far smarter than harry r. and has the ability to get things done. good news. yesterday schumer had to say about the president-elect. >> when he's opposed to our values, we're going to go after him tooth and nail. >> while the president-elect is planning his own moves during the transition, the first lady will remain in new york city. trump confirmed yesterday that melania will remain in the city with their 10-year-old son barron until right after

cabinet candidates include billionaire investor wilbur ross for secretary of congressman and steve minuchin for secretary of the treasury. michael flynn will be national secured adviser. kansas representative mike line with mr. trump he caused enhanced interrogation techniques like water boarding and has the ability to get things done. good news. ye?sterdaychumeras9 had to say prenal ina?2ugurwion. inst the presi-elect will fromhe.. epg0sess dealis unprecedented but unlikely he is breaking any laws. the 1978 ethics and government acts places limits on senior personnel but much of it does not apply to the president or vice president and bans members from congress using their official positions for personal gain. >> vice president-elect mike pence responded to a controversial message delivered by one of the cast of "hamilton." brandon dixon, the actor worried about a trump administration. >> i wasn't offended by what was said. i'll leave to others whether it was the appropriate venue to say it, but i want to assure people who were disappointed in the election results, people are feeling anxio

jamie diamond's name is out there, steve minuchin's name is out there. there may be others, i honestly don't know. >> jeff, do you think wall street would welcome a jamie diamond as treasury secretary, one of their own, if you will, if he got the job? >> absolutely. i think it would be very positive. i think the market is sensing that. i also think that the market is changing and transitioning from an interest rate driven secular market to an earnings bull market. i think you saw the trough and earnings in the second quarter of this year. the third quarter earnings turned positive, and i think it's going to become increasingly evident that we'll get an earnings recovery in 2017. >> and jeff, when it comes to commerce just real quick, wilbur ross and sam d'am ir mdimicco as soft. what do you think? >> i don't think there will be owner trade tariffs that were talked about in the pre-election, so i'm not as concerned about a tariff and a trade war. >> larry, before we go, you have been advising mr. trump on fed activity. he's got five appointments to make i

one is the treasury secretary and steve minuchin appears to be the frontrunner for that job. the other secretary of stat-- f secretary of state rudy giuliani appears to be the other one. but they came outside trump tower and said do not expect any announcements today, guys. >> all right. i was just thinking about this for a second. it seems like the rudy giuliani potential has caused far more disruption than so far we've heard in terms of commerce or maybe treasury at this point. is it possible that he might yet look to somebody else? how final do you think this is starting to shape up here? >> it is not final, kelly, until it comes out of donald trump's mouth. we've heard other names bandied about. john bolton, who was installed as u.n. ambassador during george w. bush's nomination. a lot of this is not very transparent, so we know that giuliani has been out there, we know he has been talking about it as if he is a secretary of state in waiting, but until we hear from donald trump, while we're hearing all the reports of discord behind the scenes, i wouldn't bank on anything.

. >> i'm going to just tell you that minuchin is his choice for secretary of treasury.orked his way to partner at goldman sachs before starting a hedge fund. by the way, a great opportunity for elizabeth warren to actually use her platform, her background and care for the american people to speak out. in 2009, mnuchin renamed it one west. the bank carried out more than 36,000 foreclosures according to one nonprofit's estimates. mnuchin sold it. a lot of democrats have been fighting against and need to continue and that was the reason the consumer financial protection bureau was built. that's an important issue. >> democratic senator, ranking member of the finance committee stated given mr. mnuchin's history, i look forward to asking how his treasury department will work for those waiting for the economic recovery to show up in their communities. how is this going to go over on capitol hill? >> i think these guys will do just fine. remains to be seen which nominees might get scrutiny from republicans and which one democrats will go over. i don't anticipate either of thes