and then steve mnuchin, the nominee for secretary of treasury. the wall street veteran will be grilled over his personal dealings and the fiscal policies of a trump white house. cnn's sunlen serfaty is on capitol hill, but let's begin with jason carroll outside trump tower in new york. good morning, jason. >> reporter: good morning, carol. the prerkt will be heading your way very soon. he has a packed day ahead of him with three inaugural events starting about 2:45 where he'll attend a wreath laying ceremony at arlington national cemetery. at 4:00, he'll be attending a make america great again concert, expected to make some remarks there. at 7:30 tonight, he'll be attending a candlelight dinner. that's going to be at union station. looking forward, once trump does take office and is sworn in, one of their first orders of duty will be to begin repealing and, as mike pence says, replacing obamacare. >> i think you can expect a president donald trump will hit the ground running. in the first week, putting executive orders into place, repealing some

i'm anxious to get your thoughts on the steve mnuchin hearing. he's the nominee to peculiar the next treasure secretary. we had three hours of coverage. he was asked a lot of tough questions. ethics questions among other issues. how do you think he did? >> i think he did well. he wanted to get out there and correct the record what he thinks is an unfair portrayal of his role in the financial crisis, after the financial crisis and buying failed indymac and turning it into one west. you are hearing a lot of stories out there push by democrats and people who oppose him. old women who have lost their homes because of the practices at one west and he really tried to set the record straight on that. one thing about steve mnuchin at that hearing. he talked briefly about the dollar. you recall last week donald trump made in comments the dollar was too strong. he said i'm not going to comment on the value of the dollar. we'll have trade policies that will keep the dollar strong. you could see he was sounding more like a treasury secretary and less like ta

steve mnuchin: i do. thetually brought with me asked the oig to come in and look at the loan modification process. the independent the review that and that was verified by the oig. sen. menendez: what about one of admittingpresidents 450 foreclosure documents a week without even reading them? can you honestly say that your bank made every effort to keep families and seniors in their homes when they were robo signing one foreclosure document every three minutes? steve mnuchin: yes, i can absolutely say that we made .very effort being a private equity person who bought a bank, we lived in a glass house and we were constantly viewed by the regulators. there was an industry issue which had nothing to do with loan modifications which had to do with the processing around foreclosures. that was a procedure that was mac and wasndy under ourcontinued ownership. it was salt. -- it was solved. sen. menendez: you keep --erring to entities that you were putting homeowners on a fast track to foreclosure. that was part

it's steve mnuchin is a very compassionate person. what's left out of that narrative is he saved a lot of jobs out of one west when he went in there and he did save 100,000 homes. last piece left out of the narrative, because of the way that the regulations are, even if you're trying to save somebody's home, sometimes because the government is set up in a way where the banks have to keep a certain amount of capital, the foreclosure happens anyway. so it was a near perfect storm. you and i both lived the 2008 for example crisis. it was a terrible situation for me at that time. and so my heart goes out to them. what they are missing is the opportunity here to have a financial genius, a policy wonk, someone that is super close of the president of the united states to prosecute an agenda that leads to working class families and middle class families having higher wages. for me, i understand that. i understand why they are upset. >> anthony, he didn't -- >> i want everybody to look at the totality of the situation. >> he didn't get into th

today steve mnuchin, nominated for treasury secretary and rick perry, he is the energy secretary pick, both addressed controversies that have dogged their confirmation processes. for mnuchin. his private sector past. >> one west independent oughta' firm said it violated the civil service member act by initiating closures on 54 active duty military families. yes or no? >> you have the document in front of you. i don't. we unfortunately did foreclose on certain people in the military. it was quite unfortunate. it was inappropriate. we responded to those people and made them whole. as i said, every single person had the opportunity to have their mortgage reviewed and we corrected any errors. our errors were less than anybody else. it's not that i am being defensive. i am proud of our results. >> i wouldn't be proud of all these findings. >> let's go to kelly o'donnell on capitol hill. the president-elect becomes the president tomorrow. when realistically will he have a cabinet actually confirmed and in place? >> one of the lesser-known traditions of inauguration day is, after the preside

i'm sure steve mnuchin is done with the grilling.that is overused word talking about these confirmation hearings. he came under fire from the senate finance committee over a whole bunch things. when he ran company one west, they purchased indymac bank and turned it into one west. they allegation that it was a for closure machine that shunned workouts for poor people and elderly trying to keep people in their home. however no laws have been prone in anything he did with indy mack. maybe it fails the smell test. that he failed to disclose 100 million doll blaster -- $100 million of assets that he failed to disclose. he said it was omitted. timothy geithner was eviscerated for not gist closing he didn't pay taxes on a housekeeper. senator mike rounds rushing out of that room to get before other cameras. we'll ask him how this went and come back. stay tuned. ♪ >> i'm lori rothman on the floor of the new york stock exchange with this fox business brief. let's have a look at benchmark averages falling a bit. the dow up 75, but off the offe

steve mnuchin does not fit the box. he doesn't have the typical political background. they are going after him for his goldman sachs connection. walk us through your defense of steve mnuchin. >> he doesn't have political background, i see that as an asset, not a liability. the president-elect doesn't have political background. it is one of the reasons he won, this was the year of the outsider. my favorite book in junior high was the outsiders. when it comes to politics we are the outsiders, stay gold and rely on outside talent, people like wilbur ross and steve mnuchin who are not part of the crony rigged political establishment in this city as beautiful as the city is. to the detriment of working americans, has not had a pay raise in this century. that is a tragedy of 2017. one way to do that is smarter policy and smarter leaders. >> when it comes to regulations. >> the gravy train may be over. >> i went to college in the city, love the city, this view behind us is spectacular, four of the five richest counties in america are in the washington dc metro area. that is o

>> reporter: well, tyler, it stems from steve mnuchin's acquisition of one west and the decision they you need push foreclosures in a forward leaning way. they back dated certain documents on get around time requirements for deliquent homeowners. and this was something investigated by california regulators. they ultimately decided not to bring a case. so while i think this is going to provide fodder for the democrats to go after steve mnuchin, i would not expect this to peel off the significant number of moderate republicans and threaten his confirmation. >> mr. trump nominating a wall street lawyer to they had s.e.c. tell us about jay clayton. what do we know about him? >> jay clayton is a classic wall street lawyer, mergers and acquisitions. that will come up in confirmation hearings because donald trump in the campaign talked about going after the corrupt establishment, specifically signaled out goldman sachs. and he's had several people, including mnuchin, several people with ties to goldman sachs. gary cohen. but jay this clayton is clearly prepared for the job. he is somebody wh

treasury secretary nominee steve mnuchin. former goldman sachs banker turned hollywood member. democrats could hit at another job. onewest. purchasing the failed lender indy mac. two filed a claim that onewest discriminated against north. blasting the practices. mnuchin is a critic of dodd-frank. trump wants tax cuts. lawmakers will ask how he wants to pay for them. finally, his first duties dealing with the debt ceiling. that is coming up again. march 15th. write it down. that is the deadline to raise that cap on how much the government can borrow. we will watch that today. >> i think they will ask about "avat "avatar." >> people say goldman sachs alum. he went on to have a varied investment banking career. there are a lot of goldman sachs people at the seat with donald trump. ironic after all of the attacking he did on goldman sachs. >>> president obama held the final news conference as the commander in chief. what is the sense of the direction of the country from him? that's coming up. >>> you find yourself isolated because the process breaks down or if you are only hearing f

neil: we're continue to monitor steve mnuchin. he is picked to be donald trump's treasury secretary. so far no bodily blows. i was goldman sachs banker and gone on to produce and finance movies, "sully" was one th went on to acclaim and academy award success. i don't know if he get as academy award for his performance on capitol hill. they're throwing everything they can at him. one thing they laid at his feet and he bristled at it, he profited from the housing meltdown and profited of closing of a lot of folks that had to give up their homes. i at the position at time, banking institutions, indymac, he was following federal statutes and rules an sticking to them, and sticking to them. this was federal policy and policy on federally sponsored loans. as treasury secretary he would not be in the business of bailing out big banks. this is particular issue in both parties populist wave after the meltdown where institutions were bailed out but individual mortgage-holders were not. they said that wasn't fair. he doesn't favor that. that

steve mnuchin, there are allegations that he ran a bank in california that only wanted white customersave what they call a shadow hearing, calling witnesses who say his bank did them wrong. drew griffin tonight reports. >> reporter: two california advocacy groups have filed a complaint with the federal government, claiming that the bank once owned by steve mnuchin discriminated against minorities. the complaint is based on its own analysis, alleging one west engaged in redlining, avoiding doing business in minority communities. >> they had zero prachbranches african-american communities, and in a county like los angeles, that seems impossible. >> reporter: the reinvestment coalition says the argument goes like this. in 2009, mnuchin took over a failing california bank and gave it a new name, one west. it came with several branches spread across southern california, and when you put those brachss on the map, you will notice major gaps where the branches are not located. these red dots represent bank branches. they are located where white people live and very few blax, latinos or >> we s

treasury secretary designate steve mnuchin on the hill.s what he had to say about bank regulation and glass siegel. >> i think that separating out banks and investment banks right now under glass-steagall would have liquidity on the banks. i think in terms of looking at a lot of regulatory issues the administration will look at glass-steagall and what i refer to as the 21st century glass-steagall and have a view as to what's appropriate. >> joining us now for his reaction is david ellisson. you know, we know in broad strokes where the administration seems to be going when it comes to phi napsal reform but then you hear the testimony today admittedly meant to smooth the transition process. does it give you any pause of what kind of revamp we're talking about? >> well, i think we've had a lot of new regulation the last five or six years. a lot of it has been good, some of it maybe has been a bit of overreach. i'm not a big fan of going back to where we were certainly because i don't want to go through '08, '09, '10 again as a portfolio manag

on the question of ethics, trump's treasury secretary pick steve mnuchin, grilled on the hill today about omissions in his financial disclosures. and, of course, his lucrative work on wall street during the foreclosure crisis. when pressed, he acknowledged his company acted improperly by foreclosing on military families. >> is it true that one west independent audit firm said that it violated the service members' civil relief act by initiating foreclosures on 54 active duty military families? yes or no. >> we unfortunately did foreclose on certain people in the military. it was unfortunate. it was inappropriate. we responded to those people and made them whole. as i said, every single person had the opportunity to have their mortgage reviewed, and we corrected any errors. >> one thing steve mnuchin didn't run into were questions about his relevant experience. that he handled pretty well. trump's pick to run the energy department, rick perry, was grilled today about qualifications for the job where he'll oversee the nation's nuclear arsenal. today perry confronted his infamous oops moment

then at ten - the senate finance commmittee will hear from "steve mnuchin" - trump's pick for secretary of the treasury. the final cabinet pick, now complete. trump has chosen former georgia governor sonny perdue as his nominee for secretary of agriculture. since leaving office in 20-11, perdue h logistics firms. the department of agriculture has a 140 billion dollar budget and oversees the nation's farm policy and food stamp program. at least one cabinet nominee is getting the thumbs up from

one is for steve mnuchin. the other for rick perry. >>> raj mathai will be leading from washington, d.c. beginning don't he will join us live tomorrow morning. a report from the women's march on saturday. >> let's get to breaking news out of italy. crews are scramble to go try to save people trapped inside a hotel there. it was hit by avalanche after yesterday's earthquake. two dozen people are accounted. >> a high rise building collapse filling firefighters. >>> right now out to pacificthe a tracking large waves. strong winds along the coastline. on waves are expected to go up to 25 to 30 feet by saturday morning. crew trying to repair parts of a seawall already damaged by recent storms. >> this time tomorrow morning could be soggy. >> it looks really wet. windy conditions. we are tracking spotty showers. you will see that throughout the day. we will see this once again off and on throughout the day. >> spotty showers means slick roads. rain will be slick on the roadway. we have seen a number of spinouts. not

steve mnuchin — a former goldman sachs banker — is being put forward as treasury secretary.e expect to get from congress? when it comes to get from congress? when it comes to being received by democrats, he's not going to get the very warm reception, for sure. the democrats are trying to paint him as someone who benefited from the 2008 financial crisis. and the reason they are painting that kind of picture is because steve mnuchin was pa rt picture is because steve mnuchin was part of a group who bought one of the troubled banks in that, then turned it around, renamed it, turned it around and sold it to cit bang for a hefty profit. the democrats will say this as someone who clearly profited from the foreclosure crisis that crippled so many americans. in fa ct, that crippled so many americans. in fact, there was a small meeting with some of those people that had to deal with that new bank with their mortgages and some senators had met with them to get a better understanding of their personal experience. and you can be sure that he's going to be facing that kind of criticism.

she says she met steve mnuchin in 2014 and tried to pressure him to do more business with minorities. said she got nowhere. >> we met him, i met there. i've seen what the bank has done. >> like other trump appointed secretaries. he's relying on these claims that defend him. this new complaint filed with hud, has only gotten an acknowledgement from hud. a trump transition spokesperson says there's a reason these latest allegations are going nowhere. they aren't true. a spokesperson says, mnuchen had a bank that was already in branchs in place. mnuchin didn't build them, he bought them. he bought them for one reason. he knew he could make money on them. it was all business, had nothing to do with race, red lining or denying any minority group access to banking, had to do with making good business decisions. precisely says the transition official why steve mnuchin is trump's pick to run the treasury department. >>> coming up, her husband committed the deadliest mass shooting in u.s. history. now she herself is under arrest. there's a meteor hurtling towards earth. how long until impact?

when steve mnuchin was pressed about where growth would come from? he gave an answer that was puzzling and he turned back to the campaign and said, our campaign, if you remember, was somewhat limited. we had a small staff. we didn't have much money. i look forward if confirmed to work with all the resources. which is to say, we didn't do all our homework. once in the treasury department we're really going to make it happen. that's what people are worried about in terms of donald trump. great headlines, sounds fantastic. how are you going to do it? think about the coal industry, how are you going to bring those jobs back? >> also questions today about some of the history that democrats have seized on. the issue of foreclosures and california, talk about that. >> steve mnuchin has a long history in finance. his dad was a goldman partner. he was a goldman partner. he went on and was very focussed in mortgages and this guy made a ton of money as he can, as an enterprising american, buying the almost defaulted bank indymac and turned it into one west. the

steve, what did you think of the grilling of steve mnuchin at post of treasury?t the tone going forward? they tried to press him on offshore tax vehicles and he made the point, he paid all his taxes here in the u.s. the vehicles were set up for the charities and for the pension funds that do business that way. not for him. what you did think? >> i thought, i thought he handled that very well. one of the points he made, i thought effectively, look if you want to bring the money back to the united states why not do repatriation. they pay 10% tax and we get money back and put the money in the treasury. he was so well-prepared. he is not a professional politician. he had not been through that grilling before. i was a little surprised, melissa, how aggressive democrats were going after mnuchin. shows me it will be a little difficult rowing to get the tax cuts through. democrats are in opposition mode, not too cooperative. we'll see how that develops. but the main point, steve, i wrote him a little note on the blackberry thing, steve, you are in as treasury secretary -

steve mnuchin did not have an answer. i was not there, i would imagine of the real president of president lincoln was contentious but since then, there is nothing contentious. >> we did not know on that day, temper were certainly flaring. ali and heidi, we'll be coming back to you for your counsel and journalism. we appreciate you being with us tonight. we'll take a break here, behind the pomp and circumstances of the inauguration of the man who knows it most. this is "the 11th hour." >>> tomorrow we have a speech at 12:00. it may rain or it may not rain. i don't care, it does not matter. if it really pours, it is okay, people will realize it is my real hair and that's okay. >> president-elect trump ready for the worse tomorrow when it comes to the weather. josh king a veteran man for the white house. he's used to prepare for the worse. he knows his way around the white house. he's the author of "off script" and "campaign specticles." chance of rain of 7:00 a.m. goes to 75% and at noon it jumps to 70%. 46 degrees for your

steve mnuchin is expected to take heat over his career in financial services.ong career at goldman sachs but its time of ceo of one west bank that has come under criticism by senate democrats. they invited former borrowers of that bank to testify yesterday about their concerns about one west bank was not kind when it comes to their fore closure policy. steve mnuchin is expected to fire back at that criticism saying he did everything in his power to help that fore closure process. that's the concern for senate democrats on the one hand but investors are looking out for his comments on the strong dollar following donald trump's own comments about concerns of the dollar relative to the weaker chinese currency. look out for comments on that and whether or not the treasury would consider issuing longer dated bonds. plenty to keep investors on their seats during that hearing later this afternoon. >>> elsewhere, keep an eye on shares lockheed martin. they are close to securing a near $9 billion deal for its f-35 fighter jets with the pentagon. why? donald trump has cr

steve mnuchin for treasury secretary. brian, i'm going back to you.his is new and coming to us, i find this astonishing, we're told by the hill newspaper and washington examiner mr. trump is considering 10% across the board spending cuts, 20% virtually across the board, staff cuts. >> yeah. stuart: and saving of $10 trillion in ten years. whoa. >> he's talking about the right numbers. you have to know that the baseline projection is that debt goes up 10 trillion dollars over the next ten years, unless you do something like this you're not going to get the cuts we need to get the budget under control. this is going to be controversi controversial. i think both of these nominees will be asked about this, steve mnuchin and rick perry. what they have to say could move the market later. okay. now, downtown the other side, the left. the list of democrats boycotting the inauguration growing. it's now at 68 and counting, all house democrats who are not attending. clearly it's not going to be a bipartisan celebration. rich lawrie is with us this morning. i thi

steve mnuchin did not have an answer.i was not there, i would imagine of the real president of president lincoln was c contentious but since then, there is nothing contentious. >> we did not know on that day, testimo temper were certainly flaring. ali and heidi, with el e'll be back to you for your counsel and journalism. we appreciate you being with us tonight. we'll take a break here, behind the pomp and circumstances of the inauguration of the man who knows it most. this is "the 11th hour." tiki barber running a barber shop? yes!!! surprising. yes!!! what's not surprising? how much money david saved by switching to geico. fifteen minutes could save you fifteen percent or more. who's next? all finished.umm... you wouldn't want your painter to quit part way. i think you missed a spot. so when it comes to pain relievers, why put up with just part of a day? aleve, live whole not part. painter: you want this color over the whole house? >>> tomorrow we have a speech at 12:00. it may rain or it may not rain. i don't care, it

similarly they did not believe steve mnuchin did not answer in a honest way, so they're demanding that these two nominees provide them with more information before they agree to a vote to come forward. this decision to boycott is a surprise and rare and unprecedented in the senate modern finance history times, something rarely rarely done and absolutely enraged republicans who thought the vote was going to happen today. here is orrin hatch chairman of the finance committee. >> they're idiots, a complete breach of decorum, rules and just getting along around here. >> reporter: so the question is what happens now? the republicans are warning if there is not any cooperation from democrats to actually have to have this vote then they may have to take extraordinary measures, donald trump may have to ultimately recess, appoint these two nominees to their positions because the senate rules do not allow for a vote to happen on the full floor of the senate if the committee does not act and one democrat needs to be at that committee for the vote to actually happen. this all part of that effort b

start with steve mnuchin.e's the guy democrats think they have the best chance of taking out in terms of a trump cabinet nominee. they think he's wobbly enough they might get some traction here. look at this video that was put up on youtube by a progressive group opposing steven mnuchin. the video goes back to his days at one west and talks about foreclosures that that bank made. a lot of democrats are going to focus on one west and call steve mnuchin a foreclosure machine. democrats are expected today to talk about mnuchin's ethical competence and ask how can we trust you, sir, to run the nation's economy. they're also going to focus on policy. they want to talk a little about terrorism finance as well. as for the republicans on this panel, well, chairman hatch who runs the panel is going to say, i don't believe anyone can reasonably argue that mr. mnuchin is unqualified for the position. there's been some reporting, guys, that mnuchin has been a little wobbly during hearing preps behind the scenes, but in ta

tom price, health and human services secretary nominee and steve mnuchin. but it's the mechanisms they're using to try and hold up those nominations causing real problems on capitol hill. republicans hold 52 seats in the u.s. senate and no republican has voiced any type of opposition to either of these nominees. that leaves democrats now as they try and figure out what little leverage they have with things like this. they decided to boycott the senate finance committee hearing on this issue today. last night, they decided to reject kind of the senate procedural area to postpone the mnuchin hearing as well. this is what you're starting to see as they figure ot a path forwar forward. ron wyden believes both have lied to democrats. it's backed up by some of the stock trade and mnuchin's unwillingness to give information about some of the foreclosure issues at his bank that his team used to own. have been dealt with right now. how do republicans feel about this? senate finance chairman orrin hatch said this is, quote, amazingly stupid and made the point he beli

. >> now for steve mnuchin, california lawmakers wanted to sue his company saying it was in violation of 1,000 laws. this morning "the washington post" also reporting that mnuchin failed to disclose an offshore fund in the cayman islands and $100,000. things have already started, as we expected, as a pretty tough way for mr. mnuchin to go today. >> reporter: that's right, tamron. we knew this was going to be one of the more contentious hearings for a donald trump nominee. there are, as you noted, some issues with steve mnuchin's background and there's been nervousness on the part of the transition team about how he was going to perform through this process. you can already tell democrats and republicans very much on edge. it's leading to moments we don't see often on capitol hill where decorum is kind of the height of decency. this happened out of order, the senators weren't supposed to be talking to each other but it definitely caused a little flair up. take a look. >> senator wyden, i've got a valium pill here you might want to take before the second round. just a suggestion, sir. >

the greenback bounces back, despite steve mnuchin

steve mnuchin has established a andtation of being a leader an excellent communicator. these qualities will serve him well as he works to hamper out a tax package that will stir economic growth and create jobs and help hard-working americans and allow businesses to compete on a global basis. we will have staff announcements today. the death the assistance and the assistant to president will also release some of the noncommissioned sports -- support staff as well. this morning, we have officially filled the cap net the announcement of sonny purdue as secretary of agriculture. staff announcements and personal notes that i want to get through, we will announce they -- will remain at white house as deputy assistant to the president and white house military office. that is in serving an active role in the obama administration, the president-elect plans to make that a permanent position. he understands it is important to ensure the continuity of government. the president-elect asked over 50 individuals to stay at vertical post. included in this group is currently the secretar

steve mnuchin to serve as secretary of treasury for the incoming trump administration. i want to officially welcome mr. munchin to the finance committee. i appreciate your willingness to appear before us here today and serve in this important position. the position of treasury secretary is among the most important in the executive ranch. the next treasury secretary will be asked -- will be asked a lot of questions that are going to be very, very important here today. they will be -- we are going to be talking about advancing policies to improve our nation's economic and fiscal outlook. this position oversees both the collection of taxes and the management of our debt and in addition, as congress works to reform our nation's tax code and fix our broken health care system, it is absolutely essential that we have a cooperative partner overseeing reasury. that is, quite frankly, something that's been missing for the past eight years as the obama treasury has become increasingly opaque and nonresponsive to inquiries from congress. so as we consider mr. munchin -- mnuchin, co

steve mnuchin is someone i do know. he's done a good job in the private sector. good partner at goldman sachs, i expect he will impress a number of senators. >> what about the comments from wilbur ross yesterday, upping the ante in competition with china. >> i don't expected there will be a long trade war or anything like that. that's not something that we should unduly worry about. >> what is the upshot for you and your business and dealmaking for 2017. sounds like you're pretty optimistic. >> the u.s. economy is in reasonably good shape. we have good signs ahead of us. some change, is that the president will make will probably be helpful with the business. business is optimistic about dealmaking and other things that we hope to do. >> top sector picks? >> energy will rebound. energy services will do well. >> what about the regulatory regime and antitrust concerns that were phased by companies and dealmakers in the obama administration. do you expect that to get better? trump ran as a populist. >> we don't know who the head of the antitrust division will be yet.

steve mnuchin, trumps paper treasury secretary and former texas governor rick perry will testify beforex shares today. stock surging more than 7% in premarket trading after the company added 7 million subscribers in the fourth order. the streaming giant posted earnings of 15 cents per share. checking in on u.s. debt market futures this morning. dow futures down 26. s&p futures on four. nasdaq teachers on time right now. orrin, that's what's happening right now. >> thank you, nicole. the obama administration is rushing to finish investigations of big business for handing power to donald trump, the u.s. has reached settlements with $20 billion this past week with megabanks, automakers, drug companies and others. and mr. fonda sparked a crisis at the national institute of health impairing drug trials and the agency's boss, francis collins, the discovery of the fungus into medicine vials in nah pharmacy has ballooned into a management crisis selling medical trials for prostate cancer. more airlines launch a no-frills airfare. united and delta offering cheaper coach fares to compete with dis

accurate description of my role at one west bank. >> reporter: former goldman sachs executive steve mnuchinan one west bank beginning in 2009, the height of the housing crisis. the bank foreclosed on tens of thousands of homes before mnuchin sold the bank in 2015 for $3.4 billion. it's made him the top target for democrats, sparking the contentious hearing. >> senator wyden, i've got a valium pill here that you might want to take. >> and pressed by democratic senator sherrod brown mnuchin also acknowledging foreclosing on military families. >> we, unfortunately, did foreclose on certain people in the military. it was quite unfortunate. >> reporter: repeatedly apologizing. >> i earnestly feel terrible for any mistakes at bank. >> reporter: one floor above that hearing former presidential candidate rick per who once couldn't remember he wanted to be a liberty energy department. >> oops. >> reporter: now saying he values the agenty is he's tapped to lead. >> in fact, after being briefed on so many of the vital functions of the department of energy, i regret recommending its elimination. >> rep

and just this morning, we've learned that steve mnuchin tried to hide his holdings in the cayman islands from the finance committee. the list goes on and on and every day there is a report of a major ethical lapse by this cabinet, the swamp cabinet. the president-elect isn't draining the swamp with his cabinet picks. he's filling it up, contrary to everything he promised during his campaign. these issues and others deserve to be thoroughly and rigorously reviewed by the senate. senate democrats asked for multiple rounds of questions, multiple days of hearings, outside witnesses and to have ample time to review a nominee's completed paperwork before a hearing is held, particularly in light of the fact that so many of these fox -- folks have such complicated paperwork you can't just review it in a day. i would remind my republican friends that the only real billionaire in president obama's cabinet, penny, took ix months to clear her ethical conflicts and file papers. so we have made some progress on a few fronts. but the more we learned about the nominees, the more important a thorough, fa

confirmation hearings of the treasury secretary pick steve mnuchin could move markets.icture. stocks in europe down. shares in asia up. >>> and comments from janet yellen failing to excite investers yesterday. she said the labor market is near full market. she called the economic recovery a slow and long slog. >>> netflix stock is up 8% in pre-market trading. a huge quarter. it added 7 million customers in the final quarter of 2016. the stock has surged 51% over the last six months. overall of last year, added 19 million members. >> "the crown" is really good. >> netflix has a total of 93.8 million subscribers worldwide. >>> this is a pop quiz. what president saw the biggest stock market rally from election day to the inauguration? >> it is hard. >> it is not trump. he is a big gainer. going back to 1900. he has a 6.5% gain on the s&p 500 since elected. that is better than clinton, h.w. bush and eisenhower. two trading days left in the time span for trump. he will not catch jfk or herbert hoover at more than 10%. we adjusted the math for hoover. the biggest rally belong

, they're asking voters to call their senators and ask them to vote know on steve mnuchin. this is part of the pressure against the trump cabinet, too. have a look. >> we raised six children in this house. they called us the brady bunch of ewing avenue. the bank said i could live here after monroe passed away but they lied. just days after his funeral i got a letter telling me to leave. steve mnuchin ran the bank that is trying to take my home now donald trump nominated him to run our economy as treasury secretary. we can't let that happen. >> that ad will start running this weekend in virginia, delaware, nevada and washington, d.c. starting monday and maybe that will have an effect but you see republicans and democrats getting targeted both on the senate on these picks because for the most part democrats have allowed the trump cabinet picks to sail through, they're not slowing down the process. we saw elizabeth warren of massachusetts going after ben carson hard during his confirmation hearing but then she turned around and voted for ben carson in committee. dianne feinste

we can't let that happen. >> that is a powerful ad against steve mnuchin. he has his confirmation hearing tomorrow for the position of u.s. treasury secretary. we can expect that hearing to be tough for all the reasons explained in that ad. it will be dramatic. it's also the first cabinet nomination, one of them, at least, that we've seen both the washington strategy and also seeing that paired with an effort to build public opposition to the nomination. but there were also fireworks today on capitol hill about a different choice. i mean, steve mnuchin is an incredibly controversial guy, his history in the financial crisis speaks for itself. but that's a different kind of controversial choice from the pick that led to the fireworks today concerning the epa. like so many other choices by this new administration, the nominee to head the epa is not somebody who has zero government experience or a particularly scandalous private sector record that will be impossible to defend in a confirmation hearing. scott pruitt, who currently serves as oklahoma's attorney g

today treasury secretary nominee steve mnuchin getting a grilling. the former hedge fund manager and goldman sachs executive confronting accusations he profited by fore closing on vulnerable homeowners. >> have been maligned as taking advantage of others' hardship in order to earn a buck. nothing could be further than the truth. >> reporter: during the height of the financial crisis mnuchin bought and turned around a distressed bang, we renaming it one west, which foreclosed on families including military families. >> you have been rather defensive, for good reason about what happened at one west. >> i do want to comment for the record. we did foreclose for certain people in the military. it was quite unfortunate, and inappropriate. we responded and made them whole. every person had the opportunity to have their mortgage reviewed and corrected our errors. it's not that i'm being defensive. i'm proud of our -- >> i wouldn't be proud of all these findings. >> reporter: mnuchin also pressed on why he failed to disclose to the senate committee nearly $10

earlier, we just saw the clip, what did he tell you about the postponed vote related to steve mnuchincompletely blindsided by senator sharon brown who organized a boycott just minutes before the senate finance committee was set to move along with the nominations of people like steve mnuchin. they are raising concerns about his time at one west bank come allegations that steve mnuchin refused.eam have i asked him about it after the hearing. >> nobody called me, there wasn't any indication -- it's the rudest thing i've ever seen. what procedurally can you do to move this nomination forward? >> a number of things. i think my colleagues on the other side will wise up and come to the next meeting. kevin: we just heard from now, theytch -- right still don't have a path forward to move those nominations as they continue forward. this provides a lot of uncertainty surrounding president trump's economic agenda, particularly when the treasury secretary will be a key player in tax reform and dodd-frank walking back. a lot of uncertainty on capitol hill on a host of issues. democratse the grandst

today treasury secretary nominee steve mnuchin getting a grilling. the former hedge fund manager and goldman sachs executive confronting accusations he profited by fore closing on vulnerable homeowners. >> have been maligned as taking advantage of others' hardship in order to earn a buck. nothing could be further than the truth. >> reporter: during the height of the financial crisis mnuchin bought and turned around a distressed bang, we renaming it one west, which foreclosed on families including military families. >> you have been rather defensive, for good reason about what happened at one west. >> i do want to comment for the record. we did foreclose for certain people in the military. it was quite unfortunate, and inappropriate. we responded and made them whole. every person had the opportunity to have their mortgage reviewed and corrected our errors. it's not that i'm being defensive. i'm proud of our -- >> i wouldn't be proud of all these findings. >> reporter: mnuchin also pressed on why he failed to disclose to the senate committee nearly $10

donald trump's nominee to head the treasury department, steve mnuchin is registered to vote in two states. we learned this through cnn k file review obtained through open records requested and both new york and california. and steve bannon, trump's chief strategist and senior counselor was registered to vote in new york city as well as sarasota county florida. it is not illegal to be registered in two states. it doesn't indicate sinister intent. a pugh research said people are registered to vote in normally more than one state. >> you have to register in california as opposed to new york or whatever. >> exactly. >> thanks very much for that. pamela brown reporting. joining us now the senior democrat in the house oversight government reform committee congressman elijah cummings of maryland. congressman, thanks for joining you. i know you had a chance to speak with trump on the phone this morning. tell us a little bit about that conversation. >> well, the other day at the inaugural luncheon he and i met for the first time and he suggested that we get together with regard to the issue of the

tough picks, senator jeff sessions, representative mick at omb, betsy on education, andrew labor, steve mnuchintreasury and scott pruitt at epa. senate minority leader has promised that democrats will slow-walk the picks and try to damage them but they don't have enough votes to block any of them. in other transition news, trump is tweeting about his victory and when he knew it was certain, quote, various media outlets and pubbed its say that i thought i was going to lose the education, wrong, it all came together in the last week and i thought and felt i would win easily when they canceled the fireworks, they knew and so did i. that reference to the fireworks display in east river that the clinton campaign had purchased in an anticipation for what they felt was almost guarantied victory. dust off those fireworks. heather: thank you. mariah did have a sound check, insisting that the production sabotaged her for ratings while they are accusing her of being too lazy to do rehearsal but the videos prove otherwise. >> the stand-in. how to work. heather: the singer complained about choppy ear piece