judge, president clinton paused chief legal officer and i had known that republican senator peter fitzgerald decided not to run for election after one term. and the judge turned to me and said, i know the perfect person to fill that open seat. who could that be, i said. he said, barack obama. i said, what? he said, barack obama. i said, who? can the name is that? he said, it is one of the most talented people i have ever met in all my years. that said a lot to me. at the time, i smiled. it did not take long before he understood what he said to me. won that election to the senate. he came from nowhere, a man with an unusual name, and once he was here it was obvious he was the real deal. communicate was and is stunning. i can remember one of the first speeches he gave in the senate. on george bush's policy regarding the middle east war. it was eloquent, thoughtful, tolerant. i was so impressed at following was waych -- the seat back there. i walked up to him and i said, -- he was sitting, i was standing looking over him -- and they said, senator that was really terrific. that was really good.

judge, president clinton's chief legal officer, and he -- i have known that republican senator peter fitzgeraldcided not to run for re-election after one term. judge mick have a turned to me -- mikva turned to me and said he knew the perfect person to fill that open seat. who could that be, i said? he said barack obama. i said what? he said barack obama. i said who? i said what kind of a name is that? he said he's one of the most talented people i have ever met in all my years. that said a lot to me, even though at that time i smiled and left the room. it didn't take long, though, before i understood what abner mikva said to me. barack obama won that election to the senate. he came from nowhere, a man with an unusual name. once he was here, it was obvious he was the real deal. his ability to communicate was and is stunning. i can remember one of the first floor speeches he gave here in the senate. it was on george bush's policy regarding the middle east war. it was eloquent, thoughtful, powerful. i was so impressed that following his speech, there had been a quorum call. his seat was way back t

tom mcclellan, peter at cantor fitzgerald. >>> coming up, boeing reaching a $17 billion deal with iranesident-elect taking aim at lockheed martin. we're going to discuss how ceos and companies will navigate the new trump era. much more ahead on "squawk on the street." ♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. >>> welcome back to "squawk on the street." for more on this record breaking rally, ubs director of floor operations art cashin joins us. we're driven once again by oil and the deal over the weekend between opec's producing companies and non-opec members also oil producers, first in 15 years, but history has shown us these deals almost never go as planned. >> most people don't cooperate, don't stick to what they've agreed to, but the oil market in particular for the last six months has reacted very strongl