the treasury secretary nominee, we are talking about stephen mnuchin. he is no stranger to the trump campaign or wall street. she helped out during the process, advising donald trump. sachs and was also influential in hollywood, helping out with financing for a distribution company but within the last few hours, we got to hear from the nominee as he was at trump tower and he gave us a preview of what we can expect the first task to be in the first 100 days of a trump administration. >> it's a big priority of this administration. we need to make sure that our infrastructure is built for the 21st century, that we have ro grids and infrastructure that support this country. >> reporter: certainly a key sign that the administration is looking to spend a lot of money, time, and resources on infrastructure. they will also need help from congress to do that and that is why donald trump is tapping wilbur ross, a graduate of yale and harvard, spin two decades working with other companies to make sure they would be able to restructure out of bankruptcy. these two

host: we are hearing now that stephen mnuchin is saying his name to you as treasury secretary. to germany -- and men employed by the domestic intelligence agency has been arrested on accusations that he made islam and declarations on the internet and revealed material. a spokesman for the agency declined to provide information on the man's role and a report that thepaper 51-year-old suspect try to explode all bomb at the agency's central office in cologne. in syria, up to 50,000 civilians have fled east and aleppo in four days as government troops move into the rebel stronghold. 200,000 people are trapped inside. reporter: on the outskirts of aleppo is besieged, hundreds of families waiting to be evacuated from the syrian regime forces. and wee months in their only wanted to get out and they were not let us. we wanted to leave to come here. >> we wanted to get our belongings but we have been under siege. reporter: these images were shot under the supervision of the syrian government. the army has ambulances at the ready today civilians who want .o leave to temporary camps the i

pick for treasury secretary former goldman sachs partner stephen mnuchin who led the company that bought failed subprime lender indymac for pennies on the dollar. a good investment on his part. also a hollywood movie producer whose films include "american sniper" and "the lego movie" trump's pick for commerce secretary, wilbur ross, resurrecting dies companies and his company owned the mine where it miners were killed in a an explosion a couple months after his corporation took it over. and phil mattingly has the late effort on the president-elect's cabinet picks and senior political reporter manu raju is on capitol hill for us where vice president-elect is paying a visit. what do these selections of ma nu nuch -- mnuchin and ross single about the economic policy? >> reporter: sounds like an aggressive economic agenda next year, including taxes. mnuchin and ross aggressive proponents of significantly cutting taxes including corporate taxes. expect it to be a centerpiece of that agenda as well mr. ross, the billionaire investors, a sharp critic of china. so this is something, of course, d

. >> reporter: goldman sachs alum and campaign finance chair stephen mnuchin as treasury secretary. >> our number one priority is tax reform. >> reporter: and billionaire wilbur ross as commerce secretary. [ laughter ] >> reporter: still up in the air? secretary of state. >> my sense is he's narrowed it down to a very small group of people. >> reporter: including mitt romney. he had dinner with trump last night. >> the people he has selected as members of his cabinet are solid, effective, capable people. >> reporter: candidates and advisors are swarming trump tower. >> we talked about secretary of labor and something i'm going to >> reporter: vice president pence met with leaders on capitol hill. we've learned that president-elect donald trump is kicking off his thank you tour in ohio tomorrow. a state that he won. he's got a rally in cincinnati. he'll also be in indiana to talk about a thousand factory jobs that will not be leaving the united states. tracie potts, nbc news, washington. >> michelle: think about this. would you be willing to go to the total stranger's funeral? >> kynde

. >> reporter: cbs news has confirmed that hollywood financier osca stephen mnuchin l be treasury secretary. he has also donated to democrats in the past. the president-elect also intends to nominate billionaire businessman wilbur ross to lead the commerce department. >> this is a system that's not working for the american people. >> reporter: mr. trump's pick to lead the department of health and human services is a leading congressional critic of obamacare. georgia congressman tom price was an early trump supporter and draft the the most comprehensive alternative to the affordable care act. >> we want a system that's affordable for everybody, that's accessible for everybody, that's of the highest quality, andpr >> reporter: price's plan would abolish the expansion of medicaid under obamacare that has provided insurance coverage to 15 million americans. price would also roll back guaranteed coverage for patients with preexisting medical conditions. he would use tax credits and promote health savings accounts to help americans purchase insurance. the president-elect also named elaine chao as

campaign finance chairmannd wall street banker stephen mnuchin has been nominated for treasury secretary. and billionaire investor wilbur ross tapped for commerce secretary. >> kyndell: former south carolina police officer michael slager takes the stand in his own defense accused of gunning down an unarmed african-american man last year. the bystander's cell phone video last year appears to show walker-scott being shot in the back multiple times. slager says he pulled him over writing him a warning. he says he bolted from the car and grabbed the officer's stun gun before he shot him. the jury is expected to start deliberations later this week. >>> criminal charges will not be filed against a police officer who shot and killed an african-american motorist. the district attorney announced that officer wilson will not be prosecuted. the shooting sparked protest, riots and demonstration. it was captured on police shooting on her cell phone. police said the officer -- the officer saw scott with a handgun and marijuana before they even approached him. >> michelle: the pilot of that chartered p

a possible pick fortress uri secretary, stephen mnuchin. he was trump's campaign finance chair. there is praise for trump picking party chair reince priebus but horror from some as stephen bannon name as top advisor. >>> he is up more concerned about reasserting the power of white people in the united states. >> reporter: breitbart news. kelly anne conway defended bannoth. >>> he has a harvard business degree, he is a naval officer, he has success in entertainment. >> reporter:. >> anchor: on 60 minutes he demanded his backers stop harassing minorities. he ledge r hedged on major promises his wall will have fencing how much will deport immigrants who commit crimes and keep pat of oh becama care coverage for people with preexisting conditions. >>> it happens to be one of the strongest assets. test today as trump and his team move to take the reins move remember. political insiders say it's a tough balance picking people that can run the golf and at the same time keeping a promise to change government. in the newsroom, ryan schulteis, 7 news. >> anchor: stay with 7 news for more on

>> anthony's gura mucci said donald trump said that stephen mnuchin would make a good treasury secretaryare a lot of top jobs. does that mean someone like carl up there,l end probably not by going over the records and what these people have said to understand what kind of treasury secretary these people might be, it was on bloomberg tv that carl icahn who owns an oil refinery set on day one that donald trump could get rid of the epa rules that he dislikes. not only are these people expecting roles that expect to have rules changes that will help their bottom lines. you have aing -- wonderful story and i would encourage everybody to read it. a quick look at the nasdaq, that falling, led lower by shares of facebook. down by 5%. this is bloomberg. ♪ mark: live from london and new york, i am mark barton. vonnie: i am vonnie quinn, this is "labor market." has faced a large role in the u.s. economy as president obama's chief economic advisor. , we asked him what advice he has for donald trump. larry summers: the question is going to be whether he can move beyond the bald statement that will ma

seems more likely stephen mnuchin, in the lead for that. something the trump transition team answered questions about. lobbyists are continuing play. >> and talking about someone in the finance industry. right? what are your expectations whether it is these names looking at for treasury or commerce but what these names floated signals? >> we've seen trump has pulled in a really wide pool and sometime as strange pool of candidates for these positions, but tended to go with people to who he's already been close. i think both jamie dimon and steve mnuchin are calming to wall street. well-known people, user known. a feeling there will be financial dereg gratiulation on or another, eager to pull back pro zivision of dodd/frank. not people upsetting wall street and surprising if trump went with dimond, simply because he's shown he's tended to want people in his cabinet he's been personally close to before. >> i'm sure you guys heard what the president said in lima, peru. asked about, you know, basically what he was talking about, what kind of for

vonnie: what about stephen mnuchin for treasury? sen. blumenthal: at this point i am not going to say one way or the other. hopefully we will explore whether in fact the trump plan for building roads, bridges, rail, desperately important to the state i represent, because it means new jobs and hopefully new projects, are going to be , thed out of tax credits 82% tax credit that is part of his plan, which is supposed to generate $1 trillion. the question is whether it will, or whether it will have a real public-private partnership, bringing back, for simple, some of the money parked overseas for profits made up short -- made offshore, and other forms of investment from the private sector, but also a public investment in new funding from the federal government. vonnie: calls have been growing, including your own, for the president-elect to exit some of his business interests, all of his business interests. he does now say he will have a total exit. those are his words. he's scheduling and his conference to discuss it december 15. -- a news

to continue, as the trump cabinet begins to take shape earlier today the president-elect named stephen mnuchin to be treasury secretary. he spoke with reports as he arrived for meetings at trump tower this morning. here's a look. >> [ indiscernible ]. can you just go over some of the points, how you'll work on the economy, tax cuts for the middle class, for the rich. >> sure. absolutely. let me just say i couldn't be more honored to serve the president-elect. i have had the opportunity to work with him through the campaign. i couldn't be more excited to work with him in the administration. and our number one priority is going to be the economy, get back to 3 to 4% growth. we believe that's very sustainable and focus on things for the american worker. that's absolutely our priority. >> talk about bringing money back, talk about how you get corporations like apple that have billions of dollars -- [ indiscernible ]. >> well, our priority is the tax plan and the tax plan has both the corporate aspects to it. lowering corporate taxes so we make u.s. companies the most competitive in the world. maki

road map begins with treasury and commerce, stephen mnuchin and wilbur ross confirm they are the pickswe'll dive into comments on growth, trade, regulation and more. >>> and more news from the trump transition making good on a high profile campaign promise, that's a deal to keep carrier, at least some of as many as 1,000 jobs in the state of indiana. >> and from those cabinet picks to movement on opec decision in vien vienna, markets moving on political news all around the world. first up, president-elect making two new picks for his cabinet. steven mnuchin as treasury secretary, mnuchin was national finance chair for the trump campaign. and billionaire investor wilbur ross has been tapped for commerce. earlier on squawk mnuchin spoke about boosting economic growth. >> i think we can absolutely get to sustained 3% to 4% gdp. and that is absolutely critical for the country. we're going to cut corporate taxes, which will bring huge amounts of jobs back to the united states. >> what do you think you're going to get to on that? >> we're going to get to 15%. and we're going to bring a lot o

among trump's possible pick, his campaign finance manager, hedge fund foundered stephen nugent. steven mnuchinsinger will perform on november 12. 130 people were killed in the attacks. and we have breaking news involving the new jersey issue. plotting toy of punish the mayor. are lt on all counts. we continue to have breaking news for you throughout the day. powered by 2600 journalists and analysts. this is bloomberg. the u.s. presidential election and his its final weekend, global markets are -- we want to take a deeper dive into how much this political season is affecting pharmaceutical and health care. i want to bring in the polar capital fund manager. assets with almost $1 billion in health care opportunities. this is the stoxx 600 health care index. gauge is byee the 9.6%. we have had some huge decliners. via sentiment so negative? why such a beaten-down industry? >> i think we have been on the naughty step all year. have as as though they bit of a by strike. largely because what is going to happen next week, which is -- this rather depends on what the result is. there was theo potential

carl icahn confirming that the president-elect is looking at wall street veteran stephen mnuchin as treasury secretary and wilbur ross as commerce secretary. icahn tweeting both are good friends of mine and more importantly two of the smartest people i know. >>> trump's name is expected to be removed from an apartment complex on the upper east side due to complains from tan innocents. trump was reportedly involved in developing the complex known as trump place in the 1990s. the buildings were bought in 2005 and kept the trump place name. sam zell is the owner of those buildings, he'll be our guest toast today starting at 7:00 a.m. eastern time. >>> coming up next, a special guest joins us in studio. former treasury secretary larry summers will talk politics, infrastructure and the economy. mary buys a little lamb. one of millions of orders on this company's servers. accessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack. with the help of at&t, and security that senses and mitigates cyber threats, their critical data

scarlet: tell us about stephen h and -- steve mnuchin.o you see his fingerprints on the policies trump has proposed? very hard to find a unified policy that unites these guys. after this is that the unifying force is that they were loyalists. these are guys that support donald trump even after many hours on the phone, i did not get an ideas that he was a policy guide. scarlet: like trump. >> and trump is a billionaire like a lot of these guys. he is surrounded by wealthy people. not surrounded by random folks. joe: another guy in the financial orbit that is a fundraiser and backer that the rule that financial advisors would have a fiduciary responsibility. is that role gone? >> you are right that scare a mucci -- you are right that he tweeted about it. even fifth-graders know that the dred scott decision said black americans aren't citizens. it gives insight to the way these guys see the world. he feels strongly about that labor department rule which is a sign that that is one of the things that we might be seeing chucked out the window.

we have picks in the, wilbur ross and steven mnuchin announced yesterday, we have a lot of other goldman sachs ists, and stephenoe: explain these decisions my political perspective. it doesn't look that great for him politically. once you would think that his supporters who elected him out of this populist theory against the government would be concerned about a bunch of wall street insiders showing up in washington to run things. i think he is going to get a leash on this stuff. i think the policies are going to matter more than the people he puts in position of power. cohen ares and gary going to have to execute donald trump's policies. if he sticks to the populist policies he campaigned on he will probably get a pass from his supporters. scarlet: that was my next question. formed arely his policies? is it going to be a case of steven mnuchin having a lot of , or is he going to follow a instruction already laid out? >> he is echoing what donald trump said as a candidate. he wants to see and he thinks he can bring gdp to 3-4% annualized. he sees jobs increasing. infrastructure investment and tax reform helping

mnuchin the treasury secretary position. >>> happening "today in the bay" area, a protest is planned against stephen bannon and his role intrump appointed bannon as senior counsel earlier this month. a group of jewish activists will protest. bannon was a founding member of the controversial breitbart news organization. the protest starts at 4:30 this afternoon on california stleet in san francisco. >>> if tragedy hadn't struck, today would have been the championship match. instead, no match and no soccer team. right now investigators are taking a close look at the black boxes recovered from the deadly plane crash carrying a brazilian cocker team. it went down in colombia late monday night right before it was supposed to land. the few players who were not on the flight, in shock as are so many soccer fans around the world. only six of the 77 people on board that plane survived the crash. vigils and moments of silence were held last night. a flight attendant told rescuers that the plane ran out of fuel. in a heartwarming gesture, the colombian team that was supposed to play tomorrow says the championship should be awarded t

mnuchin. he was trump's campaign finance chair. there was praise for trump picking rnc chair reince priebus as chief of staff. but horror from some at stephen bannon as top adviser who ran breitbart news, who some consider extremist and racist. kellyanne conway defended bannon. trump demanded his most extreme backers quit harassing minorities. >> i'll say it right to the cameras. stop it. >> reporter: trump hedged on major promises. his wall will have some fencing. he'll deport immigrants who commit crimes and keep part of obamacare coverage for people with preconditions. >> yes, because it happens to be one of the strongest assets. >> reporter: there were more protests today as trump and his team moved to take the reins of power. tonight millions of people are wondering what will happen to their health care under a donald trump presidency. tonight, we'll take a closer look at what those changes would mean for patients across this area. >>> senator bob casey visited the university of pennsylvania campus today to talk about hateful language aimed at some black students. the students were added to a group on a social media app that sent out r

stephen breaking news and exactly at this time yesterday during the claimant count out goldman sachs gary had arrived to meet with a president elect. we know now that the treasury job is going to steve mnuchin. charlie gasp arena is here on what it may be. >> we knew yesterday that was can be steve mnuchin. foxbusiness beat the times and the journal. it's as family. we beat the whole thing onto a very big economic appointments. and wilbur ross as commerce secretary. he's cannot fill out his cabinet and the other interesting thing this is where the irony of draining the swamp is starting to look very bizarre. another guy the number two guy was actually the first supporters of president obama is now on the list to be when you have to balance the books. he worked with gary over the years. this is interesting. two guys potentially. it's unclear if gary will be in or not. we do know this. a decent guy. and very smart. he's been bristling for years. he wants to run the place. he's recovering from cancer. it doesn't look like he's can step down anytime soon. my guess is there will be a conversation about whether or not he will step down soon if he gets the nod here. whether they become the ceo in

stephen gallo. in our next hour, ian shepherdson and blanchflower. this is bloomberg. ♪ tom: when in doubt, turn to goldman sachs. the president-elect reportedly chooses steven mnuchiny. steven mnuchin did not get up for dinner. governor romney does. it is wednesday, it must be italy. there is unmeasured uncertainty over how the people of italy will vote. good morning, everyone. this is "bloomberg surveillance ," live from new york. i am tom keene. in london, francine lacqua. i'm sorry, your italy is front and center as we go to sunday. francine: there are three main stories. political risk, and i would include the referendum on that. it --s sounding much more opec is something much more upbeat, oil up 5%. the u.k. banks and rbs filled the stress tests that week. tom: we begin indiana with taylor riggs. opec ministers are meeting in vienna, putting a positive spin on things today. cutting oil production to prop up prices, they say a deal is close. iran's oil ministry is optimistic, but he is defiant when it comes to cutting production or keeping it at current levels. >> for iran, no reduction. arrangement -- it is not a freeze. forget the concept of freeze. agreed o