for "nightly business report," i'm robert frank, new york. >>> and before we go, here's another looke post election day on wall street. ththe >>> it sure didn't feel that way about 11:00 last night. >> no, it did not. we were all on our devices, contacting sources. it was a dicey night for the market. >>> that's it for "nightly business report" tonight. i'm ss. thanks for watching. >> thanks from me, as well. i'm tyler mathisen. have a great evening, everyone. get some sleep. >> get some sleep. >> we'll see you tomorrow. yoyostn'crane, srn,n,n,n,n,n,n,n,n,n,n,n,n,n,n, but who do i telephone if it does get sick? we have an emergency. please fetch a midwife. james: tar and tumors from t t t t t t t t ient. you've the rest of your life to get the hang of this. the midwife" is provided by contributions to your pbs stations from viewers like you. thank you.

for "nightly business report," i'm robert frank, new york. >>> and before we go, here's another looke post election day on wall street. the dow rose 257 points to close just shy of a record. the nasdaq added 57. and the s&p 500 was up 23. >>> it sure didn't feel that way about 11:00 last night. >> no, it did not. we were all on our devices, contacting sources. it was a dicey night for the market. >>> that's it for "nightly business report" tonight. i'm ss. thanks for watching. >> thanks from me, as well. i'm tyler mathisen. have a great evening, everyone. get some sleep. >> get some sleep. >> we'll see you tomorrow. find out how the return of a feared predatort"... is altering a vast wilderness... wirsing: we live in a world where big predators are largely missing. sethi: ...why a movement to save seeds helps safeguard our food supply... and how a photographer captures the wild spirit of a changing landscape. forsberg: everything is connected to everything else. announcer: major funding for "quest" is provided by the national science foundation. sethi: for nearly two centuries, scien

robert frank explains how trump could separate his business from his presidency. >> reporter: trump isorrect. the law is on his side. all of the ethics and conflict of interest rules that prevent public officials from participating in matters that could personally benefit them or their families do not apply to the president. the theory being that the president's decisions are so far-reaching that any rule would prestrict his or her power. the rules did not ponder a president with a multibillion-dollar global business empire. trump has got properties in 18 countries from golf courses in dubai and scotland and ireland to buildings in india, south korea, canada and the philippines. he's got hotels in brazil and vancouver, and the risks from all of that property are already apparent. three days after he talked to argentina's new president at trump tower in bun owes aries that had been held up for years, suddenly got construction permits. and his indian business partners who visited last week said they would expand their businesses with donald trump now that he is president. that's not to m

robert frank has the details. >>> news emerging over the weekend that mr. on tuesday met with three executives to are his business partners in india. the trump organization said the meeting was not a formal one, but one of the executives telling the indian press that they discussed expanding their business relationship with mr. trump now that he has become the next president. that meeting, of course, followed an earlier meeting in the week with japanese prime minister shinzo abe. that meeting attended also by trump's daughter, ivanka trump. remember, mr. trump and the family said that ivanka and her two brothers would not attend any government meetings or be involved in politics once they took over the company. there was also a report in the "washington post" over the weekend dealing how the new trump hotel in washington, d.c., invited over 100 representatives of foreign embassies to use the hotel when overseas dignitaries are in town. one asian diplomat telling the post it would be, quote, rude to tell the president you're staying at a competing hotel. now

. >> let's get over to trump tower in new york where robert frank joins us. robert, what's going on outside trump tower? >> a lot going on. donald and his family returned to trump tower where he lives on the top floor and where their're headquartered. there's a large crowd forming out here. 511 days ago mr. trump and his wife melania came down that famous escalator declaring his presidency. now he's the richest man ever to be president and a lot of questions will start from today on how he's going to manage the possible conflicts and incredibly complex business interactions that will go on between his company and the u.s. government and overseas. let's take a look at the trump organization which, of course, was the basis for his run for president. this is a company worth billions of dollars, comprising over 120 private different llcs and various companies, 17 golf courses, over a dozen hotels, 30 buildings, doing business in over 100 countries. a lot of questions whether he will be able to, in fact, put this company into some sort of trust. now, what he has sa

world war ii veteran francis robert "frank" royal made a fateful trip to the national museum of world war ii aviation encarta spring. >> i've had a lifelong interest in flying. i had to come see what they have. >> will serve as the commander >> it was a real godsend from a palestinian.-- it was great. >> so there i was, in the museum. just like the one royal flew in combat. but then something very special happened. >> against all odds, royal realized that he was once again reunited with the plane he flew, >> it was quite a thrill. >> white 33 was fully restored and once again, took to the blue. but this time, while was in the chase plane. >> they won't let me fly this one for some reason. [laughter] man and machine, together one is again on one last mission. if i went very well. >> royal says he has one more mission. >> on going on my last flight, as of last week i've been put on hospice. >> frank royal says he is at peace. he misses his late wife noreen and looks forward to once again flying with his mates were perhaps waiting for him, high in the sunlit silence. frank royal is 101 y

. >> world war ii veteran francis robert frank royal made a museum of world war ii aviation in colorado springs. >> i have had a lifelong interest in flying. i had to come see what they had. >> he served as the commander of the 39th pursuit squadron, fifth army air corps in papua new guinea. he flew the p 38 lockheed lightning in combat, the germans called it before tailed decile. >> it was >> so there it was, in the museum, a p 38 just like the one he flew in combat, but then something very special happened. against all odds he realized that he was once again reunited with the plane he flew, displaying, during world war ii. >> i was thrilled. >> dwight 33 was fully restored. once again up to the blue but plane. >> y? >> because it wouldn't let me fly they wouldn't let me fly this one. >> man and machine together once again. >> the flight once very well. >> went very well. >> now he says he has one more mission to go. >> i am going on my i'm going on my last flight. as of last week i was put on hospice. >> widower, he says he misses his wife and the men he flew with who never made it ba

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robert frank in midtown. >>> president-elect donald trump has agreed to settle lawsuits related to trumpity. new york's attorney general says the fraud case will be settled for $25 million. former students claim they were falsely promised they would learn trump's real estate secretaries secrets. trump has denied any wrongdoing. >>> same-store sales fall for the third straight quarter at amber come krom bee and fitch. sluggish traffic caused the decline. the company with results sharply missing estimates. shares fell to $14.60. foot locker saw its profit rise, topping expectations. revenue in line with the estimates same-store sales improved but not at the pace analysts were expecting. shares finished to $70.78 yum brands to its sure buyback. the new allocation expected to be used by the end of next year. shares rose to $62.26. >>> well, you probably know this. you can pretty much order anything you want on amazon. but what about a car? soon, that will be possible. the zint giant has signed with chrysler. the service is expected to be available in italy. shares rose to $760.16. shares fel

>> let's get to robert frank now for the future of trump's brand. trump tower this morning. hey, robert. >> reporter: joe, well, a historic morning here at the trump tower. mr. trump moved from the hilton where he gave his victory speech back to his three story penthouse here at the trump tower. and mr. trump no stranger to the new york tabloids. we wanted to show you some of the headlines in the new york papers. "the new york post" saying president trump they said it would never happen. "wall street journal" saying president trump. "the new york times" says mogul captures presidency. and ""the daily news"" never a big fan of mr. trump saying house of horrors. now, one of the questions that mr. trump will face as the richest man ever to be u.s. president, one of only 5 billionaires worldwide to become a national leader. is what he will do with his vast global business empire and his brand. there were signs that that brand had been changed or damaged throughout this campaign. he has said he will put this company into a blind trust. but legally there's

for "nightly business report," i'm robert frank. >>> finally, susan li looks at taxing your sugar intake. >> reporter: the pop and fizz of soda may be getting more expensive. chicago and its surrounding suburbs in cook county, the county's board is proposing a penny an ounce tax on cola, sports drinks, iced tea and energy drinks, and for the first time, diet sodas. if approved it would be the latest to join six other cities across america that have approved these so-called soda taxes. four of those cities voting in the levy this week, including in san francisco. >> it's one way to decrease consumption of something that in the end costs a lot more than that tax. diabetes is really expensive. >> i don't think we need to tax things we feel are unhealthy. i think people should have the ability to make those types of choices. >> reporter: but the soda tax has really worked. one example might be mexico, which introduced its soda tax nationwide in 2014. a research study published by medical journal "bmj," found that reductions in consumption why higher in lower income houses. the cost of the dr

robert frank, as always. the diplomatic judd aiken joining us today. >>> dominic chiu. >> the company just declared its semi-annual cash dividend is going up 78 cents per share from a prior 71 cents per share. that means if you kind of project forward, the new dividend yield about 7.5%. it used to be 7.3%. they did set their annual share time march 8, 2017 in denver, colorado, you guys. >> not seeing much action in the after-hours. >> that's money not going to capex. >> i don't think they'll be short on roller coasters at upgrades of any of the national parks. >> they're just kind of bringing the dividend up, i think keeping it steady with cash earnings growth. it's never been a big yield stock. it's always yielded 4.2 spae%. >>> and when we come back, how trump stock could change the yield in stock. >> jim daugherty will be joining us and what he expects in the trump administration on trade. you're watching cnbc, first in business worldwide. i have access to the oil markets and gold markets. okay. i'm plugge

robert frank is there. he joining us now. tell us what the atmosphere is like. >> reporter: well, will, this is the building where it all started. it's the building trump tarter where he started his real estate building back in the early '80s. he came down the escalator a little over 500 days ago starting this unlikely campaign that is now being put to bed, retiring to that top 66th floor, three-story penthouse that he lives in and is also the building, which houses the trump organization, his private company. the crowds here have been gathering all morning. snow probably 50, 60 people gathered in front says brating. just to show you how raw the divisions are, mr. trump says he wants to be president for all americans. right now in the front tower, a lot of emotions. we had a woman come through with a hillary sign. people chased her and tore the sign apart. emotions still running high here. we're not sure whether mr. trump is asleep, but he's receiving a call from president obama and calls from putin and around the world. >> e

back over to you. >> robert frank, robert, thank you very much.l see you soon. >>> time for the good, the bad and the ugly. today's trade. first, to the good. harmon international soaring on news that samsung plans to buy it for $8 billion. on to the bad, duke energy, that stock under pressure, the company agreeing to pay $27 million to settle a lawsuit relating to the firing of its ceo back in 2012, who fired hours before he's scheduled to take the job. downright ugly day for puma biotechnology, down 22%. that's news related to a breast cancer drug. let's get to cnbc's meg tirrell with the news on puma. >> puma put out data ahead of a breast cancer meeting in december. this update on the breast cancer drug called naratniv, disappointed investors with the stock trading down 22%. the concern here as it has been for some time about this drug is that the side effect, and unfortunate side effect that causes pretty severe diarrhea in a number of patients taking the drug. they have been trying to control this with sort of preventive regimen and they saw

robert frank is back. morning, robert. >> trump used a little-known provision in the tax code to avoid hundreds of millions of dollars in taxes. it was all legal at the time. it appears so. it's unclear whether the irs accepted or rejected that maneuver this is a follow-up story to the $960 million loss that trump used to avoid paying taxes for nearly two decades. early '90s, remember, his failed casino left him with a lot of debt and lot of losses. he used those losses to offset potential income taxes. we didn't know until last night is what he did with that debt. according to the times, trump personally guaranteed more than $ 00 million in loans, much of that never paid back. but when you don't pay back debt or it's forgiven, you have to count that debt as income and you have to pay taxes on it. the times saying he was able to avoid the tax by exchanging equity in his company for the debt even if that equity was worthless at the time or worth little. this practice was later banned by congress. trump's la

have a section called the roadmap which is to understand the different segments of the wealthy, robert frank wrote a great book and i sort of updated it to say that there's other areas and the appeal to each of those individuals, because they are individuals might be different and lets understand who they are and what they can do and how we can build alliances with them. i was very much interested in that. >> i say, i have a bunch of chapters about the role of charity. we can talk about more of this in discussion, but my main poiny of view is right now, charity it not the answer to these issues. in fact, philanthropy is becoming more and more top-heavy we are seeing the creation of these foundations now that mirror the growing inequality of wealth and a decline in donor giving for most low and middle income people. if you think about where that's going, we are basically heading toward 20 years down the road, mega philanthropic organizations that reduced taxation and more government and local austerity. that's where were heading. i . of view is philanthropy is not a substitute for taxation. a

cnbc's wealth reporter robert frank tells the story. >> reporter: it was the age of dynasty and dellians, deficits and the donald. and now the new billionaire in chief is bringing back the '80s, especially for the wealthy. >> my new game is trump, the game. >> reporter: president-elect donald trump has proposed tax cuts, deregulation, and deficit spending that recall many of the policies of the go go reagan years. >> america, go for it. >> reporter: trump won using reagan's 1980 slogan let's make america great again, and his tax cuts would be the biggest windfall for the wealthy since reagan's 1986 tax reform. the top 1% would see a 14% rise in after tax income under the trump plan while the middle and lower earners would get 1% to 2%. no one is calling it trickle down this time around, bub the potential of putting more money n into the pockets of the wealthy has already helped stocks, the ashth market, high-end real estate, and luxury goods. ferrari sales are surging. the company recently raising its outlook. even delorean is planning to make and sell new cars again. >> are you tell

robert frank is joining us now with the impact this is having on real estate and businesses on fifthnue, especially now, robert earth, that some reports are that donald trump won't live in the white house full-time. he'll still be living in trump tower. >> reporter: yeah, exactly, kayla. well, one of the questions that the new trump era is, what happens when the president lives on one of the busiest intersections in america? this is trump tower where he has his three-story penthouse and offices. and it is smack in the middle of midtown. because of all the security needed to protect the president, this entire area has become a ring of steel. there are barriers, there are police, there's a mobile command center. there is a no-fly zone above trump tower. and there are a lot of lane closures and road closures for a street and area that is very important for bus traffic, for emergency vehicle traffic, for bridge access. the question is, how long this will continue? there are a lot of businesses in this area, we have prada, we have tiffany and gucci in trump tower itself. to get into the s

robert frank joins us with the details. >> this is a story that just keeps on getting larger.over the weekend about the blurred lines between president-elect trump and ceo trump, especially overseas. "the washington post" reporting that trump tower in the country of georgia had been bogged down in government red tape for years, but now it's been given the green light. trump's business partner in georgia saying, quote, there's only one word, pride, in having the american president's name on our building. "the new york times" reporting that trump's partner in the philippines, jose e.b. antionio met with the family just days a of the election. he's been named the government's official envoy to the u.s. that follows all that news about trump's meeting after the election with his indian business partners and a call with partners in argentina where a trump project has been given new life. the economist has a three-part solution. first, you create an independent board which should appoint a new ceo. you consolidate trump's hundreds of legal entities and partnerships into one consolid

robert frank is here with the answer. >> it appears to have been legal, but we don't know whether the accepted or rejected this treatment. let's tell you when it is. it is a follow on story, $916 million loss trump used to avoid paying taxes for up so 15 years. in the early 90s, his casino empire left him with large debt and large losses. he used the losses to offset potential income taxes. what we didn't know is what he did with that debt. he guaranteed more than $800 million in loans, much forgiven. now here is the thing. forgiven debt counts as income. and you got to pay taxes on that. time says trump was able it avoid the taxes by exchanging equity in his partnership for that debt, even if the equity was worthless. this practice was later band by congress for corporations. trump's own lawyers warning the treatment could be challenged. we do know he was audited for this period, but don't know the result, whether it was allowed or whether trump ended up paying any or all of that tax. the campaign says, quote, there is no news in this story and its criticism not just of mr. trump but

. >> robert frank is here to explain why. so what kind of numbers are we expecting? we're going to have more giving and less reported income in 2016. those two of the changes that trump's tax plan are already having on big taxpayers. his proposal, of course, would cut that top rate from 39.6% to 33%. it would cut the cap gains rate from 23.8 to 20 and the corporate tax rate and the rate for pass-through income from 15 to 35 and eliminate the estate tax. this all has to pass congress. but tax advisers say the wealthy are already front-loading their charitable giving to this year, because they get to deduct more money than if they would under the trump plan next year. so we could see a big jump in big dollar gifts, just in november and december. especially with giving tuesday. now the wealthy are also pushing income into 2017 by postponing big sales of real estate, stocks and other assets. that's because the potential drop in the capital gains rate. the saying among the wealthy these days is pay me in 2017. that could lead to a large drop in reported income, and here's

robert frank is live outside of trump tower. >> the mayor and the new york police department startingwe speak to announce a plan to deal with the needs of the president elect and all the people that he's visiting with the traffic, the companies, the visitors and the residents here in midtown manhattan. now, mayor de blasio and mr. trump met earlier this week, but did not talk about the issue most important, the traffic and the crowds. trump tower is where mr. trump is holding all his meetings. in one of the busiest intersections in the country. got all the major luxury retailers, tiffany, louis vuitton, prada, gucci. all of this traffic and crowds started to impact their business. analysts recently trimming their estimates for tiffany's, which until recently had one entrance closed, but still surrounded by barricades. the analyst saying there is no way to sugar coat this, the big worry is what will happen over the next few months. now, the head of the business district here in midtown saying traffic and retail stores has dropped dramatically. in terms of what the mayor and police depa

robert franks joins with us this story. >> more giving and less reported income in 2016.s that trump's tax plan are already having on big tax payers. now the trump plan would cut that top tax rate from 39.6 to 33%, cut the capital gains tax for top earners for the 20% range and cut the corporate tax rate to 15% and of course he would eliminate the estate tax. now the plan would have to pass congress, but tax advisors say the wealthy are already front loading their charitable giving to 2016 because they get to deduct it at that higher current rate so we could see a big jump in big dollar gifts just in december. wealthier also postponing big sales of real estate, stocks, and other businesses because of the potential drop in the capital gains rate. if they sell now, they pay the 23.8% rate if they wait next year, they could see a rate of 20% or even lower under the ryan plan. and that could lead to a large drop in reported income in 2016 since capital gains account for growing chair of income and tax revenue for both states and the federal government and finally with the est

. >> means he can afford some crazy penthouses that robert frank was talking about. >> he can buy johnnyce. >> aren't the mets still paying bobby bonilla, who retired? >> they are. >> yes. >> resident mets fan. >> all right, dom, thank you very much. >>> energy, the best performing sector so far this year. but with oil's big drop today, and opec possibly unlikely maybe to cut production, we'll see, if they can make a deal, can you still make money in the oil space? trading nation team will tackle just that next. ♪ ♪ is it a force of nature? or a sales event? the season of audi sales event is here. audi will cover your first month's lease payment on select models during the season of audi sales event. (bing) i am benedict arnold, the infamous traitor. and i know a thing or two about trading. so i trade with e*trade, where true traders trade on a trademarked trade platform that has all the... get off the computer traitor! i won't. (cannon sound) >>> the majority of the energy and oil stocks are following cro crude oil prices lower today. we have rich ross, dennis dabbot. dennis, oil is dow

. >> robert frank brought this up the other day when he was doing a report from 57th and fifth. reason of course is because the protests there that is where president-elect trump spends most of his time right now and the thought is may continue to even after he has a home in the white house. they're basically roping off tiffany's. >> it's just barriers for security. >> they going to send you to zale's? you going to jared? >> i don't know where you're going to go. >> maybe we should be sbbuying cigna and selling tiffany. >> that location is a stronger one. >> the cfo i thought would be good for them. i'm such a small minded person, i hadn't thought about the tiffany prosgltest. >> it's not something you can plan for. we got to think about moving because donald trump could get elected -- >> -- graduated from college from tiffany, i guess now i would have to cross the barrica barricade. ever cross the picket line? i've been in two, i've never crossed a picket line. is it going to be a picket line? >> protests. >> what do they do? a big blow up of a diamond? >> it's not one of the g

let's bring in cnbc wealth editor robert frank, following this story and doing some fact checking onas a very emotional outburst. so we said let's look at the facts and the numbers. did donald trump give anything to new jersey after hurricane sandy? it turns out there is no evidence that he gave any money, more than a dime, to new jersey causes after hurricane sandy. we know this for two reasons. number one, we have repeatedly reached out to the campaign throughout the day to give us one example and they haven't. kellyanne conway on your show this morning, on "squawk box" said, mr. trump has been very generation with his time and money over a number of decades, but didn't say anything about sandy. the other reason we know this is this summer there was a bit of a controversy when chris christie, the governor of new jersey, said when hurricane sandy hit, we made a phone call to donald trump and he wrote a check. he then issued a correction that day, saying he misspoke, and that donald trump had not given any money to hurricane sandy. >> we have the actual quote from the spokesman that

robert frank is here to explain how trump could separate his business from his presidency. says he must. >> that's right. trump is absolutely correct, the law is on his side, all of the ethics and conflict of interest rules that apply to cabinet members and government officials do not apply to the president, and the vice president. the theory was the president's decisions are so far reaching that any rule would restrict his or her power. but the rules did not ponder a president with a multibillion dollar global business empire. now, trump has properties in 18 countries, golf courses in dubai, scotland, ireland, buildings in india, south korea, canada and the philippines, hotels in brazil and vancouver. the risks or the optical risk have already become apparent. three days after he talked to argentina's new president at trump tower, in buenos aires, suddenly got construction permits. his dealings with the u.s. government, that new hotel in d.c. is leased from the federal government, by an agency, whose chief trump will appoint. he's got three basic choices here on how to han

our robert frank is on fifth avenue. he's outside the trump tower. a lot of traffic out there as well. >> reporter: yes. very bad traffic, david. and the new york mayor and new york police department expected today to announce a plan somehow to accommodate the needs of both our next president and the needs of the residents, the shoppers, the companies and the traffic in new york city. mayor de blasio of course meeting earlier this week with mr. trump, but they did not talk about the issue most important to new yorkers and companies here, and that is the traffic and the security. now, behind me when these buses get by is trump tower, that's where mr. trump has been holding all his transitional meetings and where his company is based. this has become a huge fortress, lots of security here. and it's impacted a lot of the retailers. you've got tiffany's, abercrombie & fitch, we are heading into their main shopping season and that store remains barricaded. cowen's analyst no way to sugar coat this, the big worry is what will happen over the next few month

robert frank is here with more. >> this is a big one because it's likely to happen.onald trump's tax plan would put an average of 2,900 back into the pockets of taxpayers, but the highest earners get the biggest tax cuts. we could have 12%, 35%, and -- 25% and 33%. this would -- he would add new deductions for child care, cap itemized deductions, eliminate the estate tax. and he would cut that 3.8% surcharge on capital gains, that goes from 28.8 to 20%. bottom line for different income groups, let's look. couples filing jointly, those who make the median income around 51,000, their tax rate goes from 25% to 12%. those making between 127,000 and 200, see their rates drop from 25% to 33%. and the top earners go from 39.6 to 33%. if you add in all the tax provisions combined, the bottom quintile get less than 1%. the middle incomers, get 2% or 1,000 bucks. the top get 2.5% or 13,000. the top 1% get a cut of 14%, giving them an extra 1.6 million a year. nearly half of all the tax benefits go to the top 1%. this is very similar to the ryan plan. so they're very close. >>

. >> robert frank. >>> when we return, we'll spend time with our friend jim cramer.new york stock exchange. we'll get his take on the markets. and then later today on "the half-time report" gary cohn and john boehner in his first interview since the election. that's all today starting at noon. back in a moment. ♪ okay, so you launched your bank's app. now what? how will you keep up with the new demands of today's digital economy? the fact is: some believe they won't need a traditional bank down the road, so at cognizant, we're helping banking and financial services companies think digital, be untraditional, and reimagine what the bank of the future can be. our clients can now leverage customer intelligence to predict their financial needs and provide more contextualized products and services. we're creating new platforms across channels so customers can effortlessly invest, borrow, lend, transact-wherever-whenever they choose. and we're digitizing the way banks run, driving efficiencies and delivering new value for their customers in return. digital works for banking

robert frank joins us with a little bit more of a look at the math on that. >> there was a lot of discussionng about whether this was new and it's not. looked at the trump plan which was the revised plan announced this summer contained a cap on deductions for single filers at $100,000. at families for $200,000. the tax center scored on those being included. and they said once again that the top 1% would get a 14% reduction in taxes, the middle and bottom would get less than 2%. now, this also assumes that congress is going to allow limits or reductions in the charitable contribution deduction as well as the mortgage interest deduction. those are big ifs. i want to clarify because there's been a lot of discussion on maybe the deductions are new. not only aren't they new, but they're not going to offset the reduction in the top rate from 39% to 33%. the capital gains from 38.3% to 20%. and all these other tax cuts for the top. it's hard mathematically to see how possibly they could be offset with a cap on deductions. even if congress allows those deductions, guys. >> okay. good math. thank you

robert frank has more. is this the biggest week? or every season there's one? november. but this was big and it was a great week. christie's last night selling one of monett's grain stack paintings for a record. that brings the total for auction houses for the week to more than a billion dollars. tonight is sotheby's night. they're going to hold their contemporary evening sale expected to top $200 million. joining us for his first-ever live tv interview is sotheby's ceo and president tad smith. thanks for coming. >> thanks. good to be here. it's not my first, but it's my first on "squawk." >> is it? >> first on "squawk." >> then it is your first. >> i guess that's right. >> so the big question. has trump been good for the art market? >> it's a really good question. i have to say, this week since the election -- you know, if i step back, really the election both had an impact and has an impact. it had an impact leading up to it because the uncertainty around it gave some consigners some pause. and so the overall level of sales this week reflects that. but since

here to discuss now hawk newsome, president of black lives matter of greater new york and frank leon robertsew york university where he teaches the nation's first-ever course on black lives matter. what is it called, black lives matter syllabus, right? >> yes. >> thank you for joining us. do you feel the democratic party has betrayed african-americans and why didn't they come out to support clinton? >> i think the african-americans are pretty much fed up with the they revolted. they came out and said, i ain't voting until black lives matter. the bottom line is hillary clinton did not take any substantial steps to gain the black vote. people are dying in the street, black people are living in crisis, and that's our need. she didn't do anything to meet that need. >> she got 94% of black women, 13% of black men went for him. why is that? >> realistically she has die-hard, they have loyalists, and then you have the people who are in the streets, who are of the streets, who are not caught up in the rhetoric of our so-called leaders who lead us to the ballots blindly. so those who did show up, you

i'm frank guinta and i approved this message. robert kearney: i fought for my country in kosovo and iraq, and i've been a republican all my life. but i'm the father of three girls. i can't stand hearing don't want my daughters hearing it. i want my girls to grow up proud and strong, in a nation where they're valued and respected. donald trump's america is not the country i fought for. so, i'm voting for hillary clinton. hillary clinton: are trying to figure out what caused a house to explode in saco, maine overnight. the blast happened around 1:30. a man's body was pulled from the rubble this morning . at this time there is no word on what may have caused the explosion. one person is dead and at least five others hurt after a pipeline exploded in alabama. investigators say an excavator igniting the gasoline, sending flames and smoke shooting high above the forest. officials built a dam to contain the burning fuel while they waited for the fire to burn out. this happened just a mile from where the line burst back in september, leaking ar

heard, many names that you haven't, a few, kareem abdul jabbar, ellen degeneres, robert de niro, bill and melindagates, franktom hanks. a star-studded affair, no doubt. and something to which we in this hour look forward to every year for many presidents past. as this is sort of the time of day when this happens. it often happens as an outgoing president is in the process of transitioning as we are now. i remember this happening with president bush and presidents

heard, many names that you haven't, a few, kareem abdul jabbar, ellen degeneres, robert de niro, bill and melindagates, frank geary, tom hanks. a star-studded affair, no doubt. and something to which we in this hour look forward to every year for many presidents past. as this is sort of the time of day when this happens. it often happens as an outgoing president is in the process of transitioning as we are now. i remember this happening with president bush and presidents previous. and it is always really sort of a great american day no matter how you feel about it politically. it's normally a big american thank you to people who have made a difference in our lives. and it's the president's opportunity to say something nice about them and give them their moment in the sun after what is, you know, widely believed to be fantastic accomplishments. in the room now, you see members of the president's cabinet and many of those who will receive these awards. they are running just a couple minutes behind. and over the last hour, we've gotten a flood of new information from the president-elect about many subjects, thi

these are for wilmington mayor, democrat michael purzycki with 82%, robert martin with 11% of the vote. >>> republican incumbent frankbiondo in that race. >>> jessica, what are you seeing. >> we were watching construction around ridge avenue. looks like that construction cleared out of the way. a little bit of ahead of schedule. it was over here on the northbound side.ç we had some lanes lost. cars getting by. no problems southbound either. moving over to 95, this is threw delaware. we're good here. 11 minutes at the most northbound from 295 to 495. watching in new jersey for construction in the egg harbor toll placeza. right near the e-z pass lanes. there was a toll booth that was struck there. we're working on that. route 30, white horse pike near 295. no big problems or delays. just a couple of cars on both roads and drive times on 295 still look great. vai and tracy? >> thank you, jessica. it's always a day like this that i'm reminded that i need to replace my windshield wipers. >> and throw the umbrella in the back of the car because bill henley told us about that yesterday. tell us what's happening right now

of louis covel. [ applause ] ellen degeneres. [ applause ] robert de niro. [ applause ] richard berwyn. bill and melinda gates. [ applause ] frank gary. [ applause ] margaret helmeton. [ applause ] tom hanks. [ applause ] debra marie accepting on behalf of grace hopper. [ applause [ applause ] michael jackson. [ applause ] maya lin. [ applause ] lorne michaels. [ applause [ applause ] newt minot. eduardo padron. robert redford. [ applause ] diana ross. [ applause ] vin scully. [ applause ] bruce springsteen. [ applause ] cecily tyson. [ applause ] ladies and gentlemen, the vice president of the united states. >> ladies and gentlemen the president of the united states. and mrs. michelle obama. [ applause ] >> thank you so much. thank you, everybody, please have a seat. we've got some work to do here. [ laughter ] this is not all fun and games. welcome to the white house, everybody. today we celebrate extraordinary americans who have lifted our spirits, strengthened our union, pushed us towards progress. i always love doing this event but this is a particularly impressive class. [ laughter ] we've got innovators and artists, publi

those regulations they don't like and a lot they want to repeal or repeal the entire dodd frank law. host: robert from delray beach, florida. calling as an independent. good morning. caller: good morning. i am an independent. i did vote for president, secretary of state hillary clinton. i am very disappointed. i just feel that regulations have been used by those on the right, not necessarily the far right. many libertarian minded folks, and i have a libertarian streak. whether it is the environment, or particularly the financial , i happenntioned to be socially liberal. i remember in florida, ground zero. i don't believe he was the first president to do this. republican president -- roe versus wade, there is something called the mexico city policy. i am not sure what you are discussing. but i am very concerned that with the supreme court, he will have maybe three appointments that will shift it even more to the right which includes the issue, let me say one last thing. thank you. i think that people generally , again on the right, most of the far right part of the spectrum, they do not like gover

i'm robert ellison, the mayor of dodge city. i'd like you to meet mr. frank latham, city councilman. very happy to know both of you. i'm susan ames, owner of the ja ranch. miss ames, i have the honor of welcoming you and your men as being the first to bring a trail herd into our fair city this season. it gives me great pleasure to present you, as owner of the aforementioned herd, this bonus of $1,000. thank you, mayor. not at all. ount for him. well, yes, it's-- reckon that'd be me, mayor. the name's cheyenne bodie. there you are, sir, $1,000, and congratulations from all of us for a job well done. much obliged, mayor. all right, let's get those cattle moving. ? well, my count totals out to be 2,370. that seem about right to you, miss ames? i'm sure it's right, mr. harrison. mighty fine looking herd. you mind telling me how many head you left texas with? that makes you out a mighty fine trail boss, mr. bodie. thank you. i'm sure the credit goes to all my men, mr. harris. i'm sure it does, miss ames. i wouldn't want to take anything from them, but the drive is

of those regulations they don't like and a lot they want to repeal or repeal the entire dodd frank law. robertrom delray beach florida. calling as an independent. good morning. caller: good morning. i am an independent. president -- for secretary of state hillary clinton. i just feel that regulations have been used by those on the right -- not necessarily the far right. -- i have aian libertarian streak. particularly the financial , i am that were mentioned socially liberal. florida -- ground zero. i don't believe he was the first president to do this. there is something called the mexico city policy. i am concerned that he will have maybe three appointments and will shift even more to the right which includes the issue -- let me say one last thing. people generally come of our right of the spectrum, they just don't like government and regulation. there was a governor in -- mario that government is important. regulations are important. think about water, i know it is a general point, but i am a not a knee-jerk -- a reactionary against regulation. i have my opinions. i was thinking about what t