trump will be meeting with paul atkins on monday.t's one to watch as we sort of manage the future of dodd/frank in the financial industry. take a look at some background on paul atkins. we know he is meeting with trump on monday. he lead a transition team on financial regulation. he's a potential pick to lead the s.e.c. himself given that he is a former s.e.c. commissioner. he's expected deep skepticism over the year of large dollar fines for corporate wrongdoing. he's said in the past that those large fines simply punish the shareholders and they don't necessarily go after the people who actually did the wrongdoing. and paul atkins is somebody who is very skeptical about the value of financial regulations. so watch that meeting to see if atkins is the pick now that mary jo white is stepping down over at the s.e.c. to lead the s.e.c. or if atkins is there so simply give input on who he thinks should get that position as well, sara. >> the meetings continue. thank you. we also want to bring your attention to a headline out of the fina

if you're going to play markets, if paul atkins becomes a uber regulator at sec or fed, you will seee profitable. if banks are more profitable, their stocks go up. if their stocks go up, they're indicator of overall market. markets will be good. saying for viewer out there, we throw out the names and talk about policies. think about the reason why we do that. regulation, pulling back regulation, particularly surrounding himself with those type of folks is big. wilbur ross, his hat. >> everyone was asking him, commerce secretary. moments ago. here he is. he didn't want to talk to much. they gave me a nice rain hat when pressed by commerce secretary. he said they gave me a nice rain hat. >> everybody says he is the guy. liz: he has a great life. >> it is an easy job. steve mnuchin. there is another goldman guy, maybe why gary is there. steve mnuchin is in the pole position for treasury. if you're viewer, want to he play the markets, who these guys, who gets the job and what they advocate because it will impact your portfolio. i'm telling you. this is a big story for investors, what is

among the candidates is the transition team point person for financial policy, paul atkins, a republicanies and exchange commission. election officials meet in wisconsin to talk of the recounts plans. phone grown party candidate jill stein has raised enough to refund a recount in wisconsin and pennsylvania and less tha $800,000 away from the goal in michigan. california is calling for six battleground states to hold off on certifying election results. the national association of voting association said letters went to "close," states with unprecedented discrepancies between exit polls and final vote count. >> i don't think this has anything to do with the candidates. this is the american people wanting to know what will happened in the 2016 election. >> president-elect donald trump had this to say on twitter, serious voter fraud in virginia, new hampshire and california so why isn't the media reporting on this? serious bias, big problem.

that includes paul atkins, lou barlett & scott preut. those are just a few names. we'll be watching closely to see who he adds if anyone. >> newly released documents by a school district are prompting more questions this morning about the employment of a driver involving in that dreadly officials new walker had a second job weeks prior the to the accident and still allowed to driver. the ntsb revealing he worked at amazon fulfillment center. according to the school's transportation policy it's dangerous for bus drivers to have a second job. meanwhile the chattanooga community said good-bye to another victim. >> he loved to dance. she's the sweetest little girl you ever wanted to >> just heartbreaking. more questions also being raised about walker's driving records. from fraud friday. two written statements by students complaining he drove too fast. another claiming he was doing sharp turns. six children were killed last week. >>> right now police searching for two suspects in a deadly shooting in new orleans. one person is dead. nine others hurt. they have just ide

personalities we are seeing involved in the transition team is their persuasion. >> do we assume paul atkinsatkins, who i know fcc commissioner during the bush administration, he is an ambitious guy. he was commissioner for a long time. very anti-regulation. he was once considered a force of nature. in rulemaking and n on bigis views know corporations. it is hard to believe there would not be some sort of role of paul atkins. scarlet: in your story, you write about trump's plans for financial regulation could be a proposal made earlier in the year by the house chairman. what can you tell us about that proposal? >> a big proponent of that proposal that wall street would love even though the chairman didn't cover it, it would scrap the volcker rule. the ban on banks proprietary trading, hated by wall street and viciously attacked by wall street. that is the fascinating part of all of this. ofre is sort of a buffet president-elect trump, things to choose from. he can pull elements from the bill that he likes. there's nothing about bringing back glass-steagall, and hard to say were that fits int

a spokesman says donald trump will meet with eight people on monday including paul atkins.arking light-elect trump should choose. they have immerged as the two leading contenders. they told the new york times trump said he thinks mitt romney

paul atkins former security i say and exchange commissioner possibly treasury position there. sheriff david clark from milwaukee for possible department of justice or department of home lapped security or advisory commission. scott pruitt oklahoma attorney general for department of justice. sandeep mathrani general growth. kathleen white possible epa. david steward technology ceo and lou bar let taw president of pennsylvania. last week mr. trump met with former governor mitt romney and he had sterne m-- ed stern. many upset about romney's attack against trufrn. they are concerned with possibly them electing romney as secretary of state. >> governor romney went out of his way to question the character and intellect and integrity of donald trump now our president elect would be given the most significant cabinet post of all secretary of state. that is a decision only one man can make. i will respect it and support it 1,000 percent. i am reflecting what the grass-roots are saying. >> kelly ann conway saying she will stand by her man with the decision he makes that is of course th

former securities and exchange commissioners paul atkins. executive transition committee. you so much for joining us. let me ask you, off the top, secretary of state is getting a little uncomfortable. there's so much back and forth. there's people in the campaign tweeting. people calling this unseamly. is it time for him to make a decision. >> i'm inside it. it's interesting the see the outside perfective but inside i don't see it that way. what i would say about the inside is there's a deliberate process. there are strengths and weaknesses to every candidate. i think what mr. trump is doing is trying to figure out who will fit his ageneral da as it relat foreign policy. one of the big things the president is concerned about is isis. he wants the person to work really well with the nsa and the department of defense. to me, taking a little bit more time to get this right is the thing the american people want from the president-elect. >> no rush on the other post but with this one, mitt romney is getting a little trashed and bashed in the process. he's taking so incoming fir

former sec commissioner paul atkins. and republican congressman lou barletta from pennsylvania. the transition team says it'sthey are looking at many of these people for multiple positions. and as trump they prepares to take over the u-s government. the russian government is trying to position itself as the leader in syria. with a spoesman saying that quote: ((f/s )) "if washington cannot or does not want to fight terrorists, it should not get in the way," disputes like this one will be handled come january by the next secretary of state. and the names floated as front- runners for that spot---mitt romney and rudy guiliani---have the transition team taking sides. so much that the administration may now be looking elsewhere for a top diplomat. according to a report in the new york times. that also cites red flags in rudy guiliani's business background as the reason he's no longer the shoo-in he believed himself to be. but romney is still rubbing some trump backers the wrong way. since he effectively campaigned against trump during the primaries. trump insiders tell fox news romne

paul atkins was a commissioner. they are going into that notion of deregulation. there will be more names thrown into the link. it's not a decision that has been made intimately. the person that gets that job will be submitted and wants to de- regulate wall street something known as the rule. a broker is actually a fiduciary and has heightened responsibility. also means he can get sued like crazy. that has caused some brokers to scale back on me advice. if any of those are it. give to be a lawyer. it's a great question. this comes up all the time. he was a very successful sec chairman. he was not a lawyer. i believe that were not others. the first chairman might know for fact was not a lawyer. you should point out both of them are lawyers. here is the thing about who gets this job. i think it's can be less of a prosecutor. this will be someone that understands regulation. i think that is what president-elect trump wants. we are up against the press conference that we are expecting soon in washington dc. mcdonald's is among the leader. second position on the 30. up

a spokesman says donald trump will meet with eight people on monday including paul atkins. republicans still remain divided over whom parking light-elect trump should choose. they have immerged as the two leading contenders. they told the new york times trump said he thinks mitt romney looks the part. he has also praised giuliani. trump said he the only one who knows who the finalists actually are. he seemed to fire back at critics. kellyanntweeting oat congrats to donald trump nominees. earlier he nominated nikki haley and betsy as secretary of education. the president-elect has been spending the thanksgiving holiday here. who are the two new key staffers he is adding to his team today? >> they are two staffers that show the next administration will be a lot different than the current administration. that's because pairing mcfarland with the retired lieutenant general, the top two national security advisers means two of the biggest critics against islamic radicalism are going to have president trump's ear. mcfarland who wrote so proud and honored to have mcfarland as part

now the donald trump transition meeting with more potential cabinet picks in new york including paul atkinsrrently the transition team point person for financial policy. he served as republican member of the securities and exchange commission. also, today, election officials meet in wisconsin to talk of the recount plans, former green party presidential candidate jill stein has raised enough money to fund recoins in wisconsin and pennsylvania and now less than $800,000 away from meeting the goal for minute. a california group is holding a news conference today calling for six battleground states to hold off certifying election results. brent turner from the voting officials said letters were spent to states where there were unprecedented discrepancies between exit polling and final vote count. >> i don't think it has anything to do with the candidates but it is the membership want telling know what really happened in the 2016 election. >> president-elect donald trump had this to stay on twitter: serious voting fraud in virginia, new hampshire and california so why isn't the media reporting?

commissioner paul atkins, and republican congressman lou bartelta. it's looking at many of the people for multiple positionses, and as trump prepares to take over the u.s. government, the russian government is trying to in syria with a spokesman saying that "if washington cannot or does not want to fight terrorists, it should not get in the way." disputes like this one will be handled come january by the next secretary of state, and the names floated as front-runners for that spot mitt romney and rudy giuliani have the transition team taking sides so much that the incoming administration may now be looking elsewhere for top diplomats. according to reports in "the new york times". trump insider romney may need to apologize to trump as if he wants to come on board. it's basically campaign against trump in the primaries. amazon facing criticism for the make america great again hats made famous by donald trump's campaign. make america great again ornament once sold by amazon is now listed as currently unavailable. the reviews on the site have made for a

running our government, and that part that involves hiring for financial agencies will be headed by paul atkins, a former securities and exchange commission more, which policies could get passed and what will it mean for banks? peter barnes in washington. when you look at stocks of companies, they're doing very, very well, i'm not sure it's easy to turn a gigantic ship around and reverse certain rules and laws, right? >> reporter: that's right, liz, it will take sometime if donald trump and his republican allies in congress make headway on repealing and replacing dodd-frank as they want to do. president-elect in a speech last month called dodd-frank a disaster. he said because it created new agencies and thousands of pages of new regulations to try to police the banks after the 2008 financial crisis. his transition website says dodd-frank contributed to slow economic growth, make it harder for consumers and businesses to get loans. the dodd-frank economy does not work for working people. bureaucratic red tape and washington mandates are not the answer. mr. trump and republicans in congress are

now paul atkins is working on this right now. favored by the banks and here's the interesting sort of little aspect of this, little inside baseball, eric schneiderman is suing donald trump over trump university. that is a martin act case from what i understand. so this politics all over, this lizzie. liz: imagine that, and you are the one who's showing us. >> by the way, idina friedman, we broke the story she was in line to do that on your show. liz: you and me. >> and she is here with us. >> good, tell her i said hello. liz: remember, she was on with us in davos. all this as a major drama played out in washington, d.c. about an hour ago, speaker of the house paul ryan who before the presidential election was thought to be facing a tough battle to hold onto his speaker spot was unanimously picked by his compatriots to remain in the job. initially paul ryan and donald trump were not exactly mano-a-mano on a bunch of issues but speaker ryan tweeting earlier, it is a tremendous honor to be nominated by colleagues to serve as speaker

former sec commissioner paul atkins, and former bbt chairman and former head of cato institute john alison. we have gary kaltbaum, kaltbaum capital management, fox news contributor and liz peek of the "fiscal times." gary looks like the rally is taking a bit of a break. is it a bit of a break or are we on the way back down? >> you have to realize financial stocks moved 12 days what they usually move two years off the trump election. so definitely things got too far too fast. we're in now pullback mode. i think there will be more to come. next couple weeks usually negative bias, towards end of the year, christmas usually positive. going into the new year i think we're a little bit ahead of ourselves here. the moves too far too fast. david: liz, there are some things that might make the market two even higher before the rate hike or before the end of the year. one could be the right pick as treasury secretary. a guy named john alison for example,. built bb&t, small little southern bank into huge global institution. became head of the cato institute. if he became treasury secretary might that

paul atkins has been involved, the former s.e.c. guy. that's been what's heartening to the market. >> steve, that's a great point. i think in a case like this is going to be reassuring to people. it's also interesting as an early indication of goodwill all around and in an effort to collaborate whether it's president obama hosting president-elect trump today or hillary clinton's concession speech yesterday, people are trying to rally behind our democracy here. eric schmidt here saying this was a remarkable victory and the candidate is to be commended for that and let's see how we can work together and making a pitch for his own concerns about immigration. >> let me bust in here because if you wanted to get a reaction from anyone on this news, it would be rick santelli. rick, what do you think? >> reporter: i think we're all losing a bit of sight of why trump is there. trump wasn't voted in because they just think he's a neat guy and he needs a little more power. he was voted there for a reason. he was voted there and sent with a message.

on monday, the president elect plans to meet with it people, including fcc member paul atkins and john allison, a possible nominee for treasury secretary. as fiveutor in paris men arrested on sunday were planning a terrorist attack in france as early as next week. he said the suspects were getting their orders from an islamic state member based in either iraq or syria. the men were arrested in strasburg and marseille. a judge has found the suspect in the south carolina shootings competent to stand trial jury selection starts monday. of killingused -- nine members after a bible study class last year. florence henderson has died. she play the mom in the iconic sitcom "liberties but -- the ."ady bunch was 82. henderson global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. i'm taylor riggs. this is bloomberg. doolittle abigail earlier mentioned, stocks are extending their records on slight trading volume. our next guest says we could go from a bump to a santa claus rally. joining us now is the chief strategist at wells fargo. brian, you think

today is paul atkins later on. big name for the bank and will also be here. we will look at all of god with some attention. as you rightly point out, secretary of state, determination diatribe administration to secure a ballot box more so than it has been secured in the past. we don't have a national election. we have 50 states but district of columbia 251 separate elections and levels of security. some underlying federal statutes that the tribe administration will want to ask and federal scrutiny of state election to make them more secure. this is the opening vote. charles: as a student/professor of american history, the notion recounts, interference, fake news, are you concerned about elections in the future? >> now, the american people know what they are doing and i don't think there's ever been an election on the national scale where the wrong person was declared the winner. charles: although it wouldn't take much to tell. if you can win three states by 100,000, a few of these states have the legal voters. >> jill stein has not made a single serious confi

if you ask me now about sec chair come you got to get it to paul atkins and longtime lawyer on the transition team. longtime commissioner on the transition team. if i was just to pull something out of my hat and say who could replace janet yellen, it could be anyone from david malpass to larry kudlow. that's a harder one for me. two neil cavuto may be. neil: let me ask you whatever happened to chris christie? he was very loyal very early on, back in a former competitor it looks like he is going to come up. >> it's unfortunate because of the bridge gate scandal. listen, i think president-elect trump as loyal to him. he didn't throw out about the transition team. the bridge gate scandal is problematic. the last thing you want is someone in front of the microphone every day having to answer about bridge gate. >> is there been offered any post? attorney general said he presumably wanted. >> the guidance i was given early on is that depending on how bad the fallout from bridge gate with the comment that type of how fairly high-level appointment is off the table. i think we'll have to wait and see.

he is going to be meeting with -- have eight separate meetings including with paul atkins, the formervolved in flushing out his economic team in washington and sheriff david clark of milwaukee county, a familiar guest to fox business and fox news viewers. and he's -- president-elect was busy yesterday as all of us were getting up, getting ready to start to stuff turkeys and put them in the oven, he was up tweeting at 5:00 a.m. about his campaign promise to keep carrier, the air-conditioning company from closing a plant and moving it to mexico costing 2,000 jobs. on twitter he said -- carrier responded also with a tweet saying -- apparently they are negotiating some kind of deal that will help keep that plant in the united states and from going to mexico but not everybody happy about it, connell. a republican member of congress from michigan justin amish tweeted -- there you go, not everybody is watching. watch twitter for all the news. connell: we get our report and read eight tweets and say back to you. that's what we've turned into, right? >> that's right. k.t.! >> so the k.t. mcfar

paul atkins is the ceo potomac global partners. very influential player in figuring out exactly which regulations the trump team wants to scale back. finally ray washburne, he's on the commerce department transition team for trump. a couple of name that are behind-the-scenes working on these policy and personnel issues. we're waiting to hear, guys, for more names to come out. the people that trump decides to put in place will be so key in deciding where trump comes down on these very many detailed issues that wall street is waiting for. >> thanks. on those questions our next guest is uniquely qualified to understand a trump presidency and where it's heading. dan quayle served as vice president for george h. bush. by the way he correctly called the trump victory last may when he said quote clearly he's got good political instinct, he's a winner and unusual. obviously very different. not going to play by the rules but i think he can win. mr. vice president, welcome back to cnbc and "power lunch". good to see you. >> thank you. >> you

. >> reporter: we are seeing a lot of people walk into trump tower including paul atkins former sec commissioner who is heading the financial regulatory portion of donald trump's transition team. we haven't seen a lot of decisions come out. no announcements today. we don't expect any. here are big decisions we are waiting to get from the president-elect. first of all, there is the secretary of defense, general james mattis is considered the front runner. there is former george w. bush national security adviser and waiting to hear about secretary of treasury steve mnuchin. others including jeb hensauraling. and you have john allison active in the kateo institute. secretary of state is a huge decision for donald trump to make especially now that the policy choices have become more dramatic on cuba. you have rudy giuliani, david petraeus is meeting with donald trump today. he is another possibility. also tomorrow bob corker, the chair of the senate foreign relations committee will be meeting with the president-elect and so will mitt romney for a second time. don't know whether mitt romney is still

lou barletta and paul atkins, one time sec commissioner. there were a pair of cabinet nominations over the holiday weekend. somebody else we're keeping eye on who has not accepted his request to accept a nomination would be dr. ben carson. first half of last week there was update every day whether or not he wanted to be the hut secretary in the next administration. it has been all quiet all weekend. so now we're waiting for that. martha. martha: fascinating. in terms of the recount story that also bubbled up a lot over the weekend, peter what is donald trump's counter to the pushback on the wisconsin vote? reporter: martha, the president-elect agrees there were millions of illegally cast votes, he just thinks it benefit the democrats. he is saying all illegal votes did was dent his margin of victory. at the end of the long holiday weekend took to twitter around wrote this. winning electoral college in a landslide, i won popular vote if you deduct the millions of people who voted illegally. serious voter fraud in virginia, new hampshire and

trump's transition team, paul atkins, one of the leaders in the regulatory effort, some people say hasw sec chairman to zero out the blue sky laws including one really onerous one known as martin act which new york attorney generals including eric schneiderman has been using to squeeze huge settlements out of wall street. this is what we're rather reporting. schneiderman remained silent until today. put out fairly lengthy statement, fairly troubled what trump is trying to do. setting stage for fairly interesting battle between state ags, particularly activists, liberal democratic state ags like himself, like kamala harris in california who is no longer ag. she won the u.s. senate seat vacated by barbara boxer, whoever her replacement, setting up battle if the trump campaign and transition team goes through with this, administration goes through with, between the trumps and state ags around the country who will see their power diminish if donald trump tries to zero out the laws. the way he will do it, get congress to pass something called preemption. listen, when it comes to regulating

we're getting some intelligence now about the meetings including a confab with paul atkins scheduledficant because he is the transition person handling financial regulations. he is a former s.e.c. commissioner. and he's viewed as possible candidate to run the s.e.c. under donald trump. we know mary jo white will be leaving at the end of president obama's term. he's very skeptical about financial regulation, broadly, and also about the idea of finding companies large dollar amounts in punishment for their bad behavior. his argument has been that these might just benefit or hurt shareholders and not really go after the individuals who actually committed the fraud there. other interesting picks, we're waiting for some majors, waiting for treasury, waiting for defense and we're also waiting for a secretary of state pick. there is this interesting behind the scenes battle that seems to be brewing between supporters of rudy giuliani and supporters of mitt romney. we'll have to wait and see how that one plays out next week. it is the establishment versus the trump insiders. >> that one will

but certainly, for example, in the s.e.c., paul atkins might be a candidate.d in the trump transition. he could be a possibility. we're looking for people at the federal reserve, people at the occ, at the fdic, that actually have banking experience, regulators that have proven that they have common sense when it comes to enacting regulations. those are the kind of signals we'll be looking for as he names his financial team. >> camden, i just want to point our viewers' attention to the move that we're seeing in banks. jpmorgan, morgan stanley among others posting losses, this after financials have been one of the best performing sectors since the election on this bet of deregulation. but how long does deregulation -- will it take, the actual process, the timetable? >> oh, i think if the trump administration hits the ground running in january, and i know that the house and senate will hit the ground running because they have already introduced many of the bills that they would like the president to sign, i think by this time next year we could have substantial r

i hope whoever comes down and paul atkins apparently is leading a lot of this.ows what happened during the financial crisis. there need to be better rules in place. the question is how to fine tune them come and make them simple, clear, affect it. not all of these rules have been somewhat bureaucratic. there is a good opportunity to review and keep what is good, simplified what is perhaps bureaucratic but make sure we do have the strong infrastructure regulation to keep the system stable and bad times. maria: and do it with the lack of resources frankly. >> that's exactly right. big issue. maria: sheila, good to see you. thanks so much. getting affordable care act to read the trump administration? we'll talk to one of the architects said the legislation. check your freezer. another popular ice cream under recall this morning over fearsct of listeria. back in a moment. anywhere in the planet. wherever there's a phone, you've got a bank, and we could never do that before. the cloud gave us a single platform to reach across our entire organization. it helps us comm