trump announced they'd terry branstad has been nominated to the post a branstad currently the governornd has known the president for more than three decades. david bossie held the pic when speaking with maria bartiromo. >> the governor of iowa is a tremendous to america's team and fighting for american workers in america's economy and being our point man in china. the department for homeland security potentially coming into focus. john telly tells fox that he has been offered the job. kelly was once in charge of southern command. a senior transition at telling fox that scott pruett the attorney general and the state of oklahoma has been offered the position to become the next head of the environmental protection agency. back to you. lauren: linda mcmahon, to get the small business admin is ration in his cabinet. we went to tell you about this one. lou dobbs will have live coverage of the iowa rally tonight here on fox business at 7:00 p.m. eastern. nicole: their biggest rally since the election. s&p 500 and the dow transports all hating lifetime highs the dow, s&p and nasdaq racking up

it is noticeable during the rally the president-elect brought on to the stage iowa's governor terry branstad. he nominated brand stat to be the next ambassador to china. he described branstad as a very special man. he told the crowd branstad doesn't want to be ambassador because of the perks of the job, to form an improve relationship. he has known the current china president for the last two decades. they met in 1995 when a china delegation came to iowa for farming techniques. he suggested some might be willing to forgo their salary for public service, saying they would be giving up fortunes. listen. >> in filling my cabinet, i'm

cbs news confirms that iowa governor terry branstad...a man china referred to as an old friend...will be the next u-s ambassador to china. gov. terry branstad, iowa: "it's a decision that would be a family decision if indeed it is offered by the president-elect. and my wife and i have had several conversations. we've had family conversations with our children as well." well." named marine corps general john kelly his pick for homeland security secretary. kelly will be the third general appointed to join the trump administration.tuesday night - trump formally introduced general james mattis as his pick to be secretary of defense. coming up on the cbs 58 news at noon... the man accused of murdering nine church goers in south carolina goes on trial... plus, a pearl harbor survivor the trial of accused church shooter dylann roof is underway in south carolina.. jury selection was just completed. the 22 year old white man is charged with killing nine black individuals at an historic church in june reports from charleston, south . carolina. prosecutors arrived at the federal courthouse in ch

relationship is critical to peace in the 21st century and president-elect trump is wise to name terry branstad as ambassador. so far squr, conservatives are with trump's pick? >> very happy. >> he's going with the real conservative lineup. picking someone like scott pruitt at epa, after a day before meeting leonardo dicaprio, and before that, al gore, and just picking a climate denier. i mean, that's a dream for the oil and gas industry. i think what trump's going to try to do, though, out of the gate is get jobs and manufacturing back to the midwest and the south, but also do offshore drilling, money for states, and build that border wall, which will be some infrastructure jobs in new mexico and arizona, texas, and then in the west, the american west, open up public lands, national grasslands, forests, and drill, frac, get shale, whatever you can to try to get the trump revolution being an economic boom in his first, you know, 8 to 10 months in office. >> yeah. john king, let's get back to the cabinet. because our cnn team you be

that's iowa governor terry branstad.zing china once again saying the country is responsible for nearly half of america's trade deficit. listen. >> china is not a market economy. they have a lot of help and that's why we designate them as being a nonmarket economy, big thing. they haven't played by the rules and i know it's time that they're going to start. lauren: well, donald trump has another busy day today. we are going to get a preview on what's by connell mcshane. >> he will meet here at trump tower with the democratic senator joe manchin from west virginia. a red state as a democrat. he has been mentioned as a possibility of cabinet, one that's 50% announced. by midday the president elect will be thanking voters in baton rouge, louisiana. then grand rapids, michigan. you might remember the late night rally in grand rapids before voters headed to the poll, it was before we knew that michigan would join wisconsin and pennsylvania in being the key state sending mr. trump to the white house so he's heading back there t

president-elect trump getting his man for china, terry branstad excepted -- accepted the offer to benvested are in beijing. nations ambassador to beijing. before that, you had jon huntsman, gary locke after jon formern, sandy rand, a fraternity brother of george w. bush, gary locke, former commerce secretary, washington state governor, and jon huntsman , going on to run for president, characters, asnt is terry branstad, who is touted as a friend of china, the chinese foreign ministry saying he is an old friend of the chinese people because of his ties to xi jinping. in2012, he hosted xi jinping a state visit to the nine at states, went to des moines, iowa. it is interesting, how is wall street going to be looking at this and money managers question mark here is a glimpse of that. oriental concept is magic, but they can out wait you for a century. somebody who understands the program and has the stature and the prestige of the office, i think it's a brilliant move. i think it will be terrific. >> brand stand is the longest-serving governor in history from iowa, and iowa not surprising

let's start with the china question and terry branstad. at should we weave into the ambassador to beijing? thomas: you read into it as a considered and thoughtful and calculated choice. longest branstad is the standing governor in u.s. history, i think, almost a 30 year relationship with china. to the key with china is curate politics and business in , coltssubtle, long-term really sensitive way. so i think the signal of taking somebody who already understands the hardships, who has a reputational capital with in a setting that the trump administration has already sent sound waves to say, by the way, the discussions that we are going to have need to be really bilateral. and we want a great relationship with china but we need it opened both ways. and this is how we will have a stronger set of discussions. i think china is encouraged and excited about having the governor as a representative. and having an experienced hand on the home is a signal that this president elect is doing -- and you also see that with the general that he is putting in

president-elect donald trump has elected terry branstad as u.s. ambassador to china.ong term friend of president xi jinping. he called brand said an old friend of the -- branstad an old friend of the nation. they met during a sister state exchange. donald trump says mitt romney is still in the running to be secretary of state. he and the 2012 presidential nominee have come a long way together despite romney's harsh criticism of trump, he said. he said he will be announcing his choices in. mr. trump: next week -- choice soon. mr. trump: next week will be the big announcement and i have a big announcement coming up. we met with very good reviews of the people i have chosen. nina: meanwhile, trump has been named time magazine's person of the year. times as it gives the title to the person who has had the greatest influence on offense for better or worse. investigators say the driver of a baltimore school bus that smashed into a transit bus last month was speeding and had a history of crashes and seizures. accident killed six people. national transportation safety board s

angie: has terry branstad ever cross your path?n: no, but going back to the others, and gary locke, jon manyman, there have been ambassadors all very different timesrhaps a man of the has given me a delicate relationship between china and the u.s., and this man trump has picked and has reportedly accepted, terry branstad is a long-standing friend, that is how he is being described by trump and also by the chinese foreign minister, of xi jinping. the chinese ministry says it is a long-term friend of the chinese people. they go back to 1985 when he met him in iowa. he celebrated xi jinping offending to the presidency in 2012 in a banquet in des moines, iowa. he goes way back, shared interest in agriculture. how is wall street, how are many -- money managers accepting this? let's here. >> the oriental concept of faith and confusion is romantic, but they can out weight you for a century. so having someone who has already been to that rodeo, has thisds the program is a brilliant move. stephen: so if he is -- yousef: if that is the good

>> reporter: anderson, we're told that terry branstad will speak. he's the longest serving governor in the country, not just here in iowa, and then mike pence will also talk and then donald trump. you can see the crowd behind me here gathering. certainly a big crowd for a post-campaign rally, but if this was in the heat of the campaign, this would be an average or smaller-sized crowd for donald trump. but anderson, the question is when you talk to these voters, frankly, some of them have been, you know, watching with great interest what he has been doing in terms of his appointments and things. we heard so much about draining the swamp. some of these people being appointed to his cabinet don't fit that definition necessarily. i heard earlier this evening people chanting "lock her up, lock her up," something donald trump has not embraced. interesting watching the pivot here at his supporters see candidate trump to president-elect trump. it is a difference. we will see him speaking with teleprompters as we have seen earlier this week in north carolina

appointing terry branstad who knows xi in china as a negotiator tells the chinese things are going to change but we're willing to deal with you and we'll profit if we cut good deals with each other, but this idea that they can cut american companies off from selling in china, steal our know how in technology and not pay a price for it, that's got to close and got to end. >> bruce, i'm going to try to get it out from you again just talking about what the obama administration did. i mean, the reset did nothing, the russian reset that hillary did with that target button and everything, did nothing to stop the russians from going into crimea, from invading a foreign country and taking it over, it did nothing to stop china from moving into the south china sea. it doesn't seem to have worked. >> well, i would say this on the -- there has been a lot of ambiguity with china dating for decades here, maybe there can be some clarity here. i would say trump didn't get this idea to call taiwan on his own. bob dole, the former republican presidential nominee set this up, he was a paid lobbyist for

iowa governor terry branstad accepted trump's officer to be ambassador to china. branstad has a preexisting relationship with the president of china. the two men met when a chinese delegation came to iowa in '85. and adding another general to the ranks, former marine general john kelly was picked to run homeland security. he previously had supervision over guantanamo bay in cuba. he's been a hard liner on border security among other issues. the pick getting the most headlines, scott pruitt, oklahoma's attorney general, to head the environmental protection agency. he has aggressively fought against environmental regulations in the past. in response to the news today, the sierra club said having scott pruitt in charge of u.s. environmental protection agency is like putting an arsonist in charge of fighting fires. senate democrats added to that, including chuck schumer of new york, the next senate minority leader, who said pruitt will have to answer tough questions throughout the nomination process. donald trump can add yet another time magazine cover to his list for

david challian, your take on terry branstad who knows president xi. this is more important with the ambassador to china even than past presidents given what donald trump said on the campaign trail. >> not just given on the campaign trail but as president-elect. already the to-do list for governor branstad is growing. already the relationship is real with him being in iowa studying agriculture. there's a bond that exists. and secretary branstad has been loyal for most of the campaign process. he and his family have been with trump all the way through. iowa was a big victory state for him. one of the states flipping from blue to red. so taking a loyalist, someone with a relationship with the chinese leader. when you know that as president you plan on being tough on china, having someone in there with diplomatic skills. the longest serving governor in u.s. history. those are not bad skills to know when your boss is going to make waves. >> make your job a little tougher, keep you on your toes. erol, he said likely we'll have a secretary of state announcem

terry branstad is here today. he is the longest serving governor. a democrat was here this more, she requested a meeting with the man moving to her city and she is working with him on dc statehood. >> we talked about what is important to washingtonians and becoming the 51st state is up with of them. >> and the president-elect will be on his way to fayetteville, north carolina. his second appearance with james mattis. >> interesting, tonight, thank you. >>> so what goes into acquiring a new air force one. it has to be fitted with the latest technology and defense measures as well. hi, doug. >> hi, martha. a brand new 747 costs just short of $400 million a piece. it has to do with the electronics, it would fry ordinary electronics. it is the subject of a lot of dispute. >> it is over control. it is going to be over $4 billion, and i think it is ridiculo ridiculous. >> a former george w. bush secretary said bowing tells me that they don't have a price tag yet, they don't know where the price tag comes from. given the d.o.d.'s procurement prof access, t

we have to mention the call to taiwan, then electing terry branstad as u.s. ambassador to beijing.take on the one china policy. uncertainty really lingers. is this a blender, or -- a blunder, or signaling a seismic shift in foreign policy? >> no, i don't think it is a blender. we are seeing donald trump shaping up to have a much more hawkish approach to donald tusk to china in particular. we will see a much more aggressive policy. we are still crystal ball-ing this at this stage. that taiwan phone call was made deliberately. he has made some consideration to deviating from the one china policy. over the weekend he said that in a sense he would not be bound are the one china policy unless otherdsuld be yiel in there is, that it sent shivers through beijing and the region. >> there are a lot of comments, trump is a pragmatist, she is a dealmaker, and he has to go long when it comes to asia. how is he going to dictate these relations moving forward if he is invigorating the big player, china? >> firstly we need to know what his motivating behavior is. number one, as he said, he wants

ambassador to china to governor terry branstad gave branstad was an early supporter of truck that withinhe trump tower yesterday. nicole: donald trump sold off all of the stock he owned back in june according to a transition spokesman who initially was asked about shares a trump had owned in berlin after the company was trying to charge more for the next air force one. according to a filing with the government but trump had two brokerage account that held about 150 corporate stock and bond investments. trump ventures in a wide range of familiar corporate names including amazon, apple, visa and boeing. trump plans to hold a summit with tech industry leaders next week right here in new york. many of them supported hillary clinton. cheryl: must've been amazon stock. president obama delivering a passionate defense of his counterterrorism strategy during a stop at mcdill air force base in florida. the strategy has resided in trinidad and u.s. special forces instead of putting a large-scale number of u.s. boots on the ground. the president taking some jabs. donald trump was not directly naming

moines, iowa where he will be holding his third thank you rally with president-elect trump and terry branstad who if he has his way will be the ambassador to china. branstad, the governor is expected to make his first public comments since being nominated as ambassador. mr. trump is hard at work add thing to his cabinet. tonight we learned he tapped andy puzder. he also served an an economic advisor to donald trump during the campaign. he's a major republican donor. we'll have special coming of the trump rally with an a-list lineup of political analysts. among our guests, ed rollins, chairman of the republicans national lawyers association, randy evans. and guy benson, and charlie hurt, republican pollster lee carter all with us. we'll be talking with the first congressman to endorse donald trump for president, congressman chris collins and many others. our top story, president-elect trump today visitedio state university. he met privately with survivors and the first responders to that terror attack that stunned the campus last month. somali refugee artan wounded 15 students and got out of h

terry branstad, the longest serving governor in our country. these are quality individuals, not just today. you go back over the last month of people he has announced, the people he has brought in and talked to. it's in every case a top quality, top tier person regardless of whether it's academia, business, government, these are the best of the best to implement a trum agenp agend get things done. >> is general david petraeus still in the running to become secretary of state? >> well, the only people who know who is in the running is the president-elect himself. ultimately all of these decisions are president-elect trump's. he makes those decisions. so i don't know who is in and who is out. that's for him. he keeps bringing in these quality people. you see it day in and day out. they come in. and it's within his purview who is in the short list for whatever particular job. >> there are some who have suggested, you can respond, that he likes the generals now for the sensitive national security picks because his experience in national security is

ambassador to china, terry branstad, and he explained why there are so many wealthy people on his cabinet. >> some of the people i put on to negotiate, you've been noticing, are some of the most successful people in the world. one newspaper criticized. why can't they have people of modest means. i want people that made a fortune. now they're negotiating with you, okay? >> we confirmed the next president's name will be listed in the credits of celebrity apprentice when arnold schwarzenegger takes over as host. >>> like so many other things. we're hearing bobby v yb yb ybys in consideration for a spot? >> yeah, there is a spot, he was once manager of the red sox, that he is now on the short list to possibly become the u.s. ambassador to japan, and one of the details in this story, again from a radio station in the city where he used to be a famous basketball manager says it was governor chris christie that came up with this idea. he did manage in japan after a stint with the mets here, but there are no reports he has been offered any sort of announcement or that that is imminent. >> more in

this is what money managers in the usa about terry branstad's appointment.f face and confusion dialogue is romantic but they can outwit you for a centur having someone who has been to that rodeo, who understands the program but has the stature and the prestige of the office i think is a brilliant move. i think it will be terrific. >> probably good news for iowa and the corn belt. number to export destination of iowa products after canada. cop, whohe is the good potentially plays the bad cop? >> trump, right? we do not know who will be secretary of state. his name has been and it about. you have to look at the treasury secretary and his pic is stephen minutes and -- mnuchin. trump declared china a currency manipulator. as head of treasury, he would be overseeing the committee so that could put mnuchin in the crosshairs of china. ramy: still to come, bloomberg markets asia is next. we have several more market opens in asia. yvonne: this is bloomberg. ♪ david: are we going to start just like this? no foreplay? when you were growing up, you did not have a lot of

david: president-elect donald trump may be softening his stance on china, picking terry branstad, republicannor of iowa, to serve as his ambassador to china. branstad has extensive ties to the country, a 30 year friendship to chinese president she jinping. we spoke to tom barrack -- jinping. xi we spoke to tom barrack and asked him what he thought of the choice. think what you read into it is another very considered, thoughtful, calculated choice. governor branstad is the longest standing governor, i think, in u.s. history. he's had almost a thirty-year relationship with china. curate with china is to politics and business in a very subtle, long-term, culturally sensitive way. i think this signal of taking somebody who already understands the hardware, who has reputational capital within thea, with a setting that trump administration has already sending sound waves, saying, "by the way, the discussions that we are going to have need to be really bilateral, and we want a great relationship with china, but we need it open in both ways, and if it isn't, we are going to have a stronger set of di

iowa governor terry branstad. the next u.s. ambassador to china.and one likely reason trump picked branstad as the ambassador to china is the relationship with chinese president xi jinping. for background on the president and governor, let's bring in cnn's matt rivers who is live in beijing. one thing that came to mind is donald trump has certainly not gone easy with his let rirhetorh china. he would fly in with his superman cape after the policies? >> reporter: this certainly could be viewed as an olive branch from the incoming administration toward china after what has been called a difficult week with the u.s. and china in terms of relations. it is because of that personal relationship that existing between governor branstad and between president xi jinping. these two men go back decades. in 1985, jinping, a 31-year-old official went to iowa on an agriculture fact finding mission. then two decades later in 2012, then vice president xi jinping goes back to iowa. remeets governor branstad. that leads to a relationship with both men. governor brans

and vice president-elect mike terry branstad yesterday tweeting out this photo. pence saying he enjoyed his discussion with the governor they discussed state and federal policy issue..according to a branstad aide branstad is scheduled to travel to new york next week on a long-scheduled iowa economic development trip donald trump also tweeting out today...addressing the wildfires out of tennessee the president- elect saying 'my thoughts and prayers are with those affected by the tragic southeastern united states. stay safe' thousands of u-s veterans say they plan to go to the site of north dakota's controversial dakota access pipeline. over two- thousand veterans planning to join demonstrations against the pipeline this weekend... the group, which calls itself "veterans stand for standing rock" have a three day protest planned with some staying at standing rock indefinitely. setbacks... this after a fire, months ago at a resturant next door caused much moose mcduffy's is still working to overcome heavy smoke damage from this fire--which started next door at riley'

matt, what can you tell us about the chinese, the reaction to the choice of terry branstad, the governor next u.s. ambassador to china, assuming he's approved, confirmed by the u.s. senate? >> well, the reaction here in beijing has kind of been a 180 from what we saw in the last couple of days. it's safe to say that relations between the u.s. and china under the incoming administration perhaps haven't gotten off on the best footing given the phone call president-elect trump took from the president of taiwan and some of the anti-china rhetoric we heard from him throughout the campaign. but this particular appointment of this governor is being met with really, really high praise here in beijing. it's not something we hear from top officials calling out specific american officials regularly with this kind of laudatory words, let's show you a little bit of what was said at a ministry of foreign affairs press conference earlier today by that ministry spokesman. >> translator: as iowa governor terry branstad has made great efforts in pushing forward cooperations between the united states and c

in des moines president-elect donald trump was back business announcing governor terry branstad as his ambassador to china and also announced andrew puzner. they own hardee's and carl's jr. he is a millionaire. one of nine millionaires and billionaires named to his cabinet so for and vocal opponent of raising the minimum wage to $10 and expanding of americans. in iowa donald trump appealing to middle america, promising to eliminate every single regulation that hurts our farmers, our workers and small business. >> regulations, by the way, will be cut down to a fraction of what they are now. >> reporter: this as democrats are still preparing for a tough nomination fight for some of trump's picks including oklahoma attorney general scott pruitt, a climate change denier for head of the epa. >> with control of the epa to the air, our children breathe and the water they drink. >> reporter: and meanwhile, as we wait to learn about mr. trump's business interests on december 15th we are learning he'll remain an executive producer for "celebrity apprentice." a spokeswoman for him says he has a b

going back to terry branstad who is someone who can communicate with the chinese. you wonder if there is a good cop-bad cop situation going here. as donald trump takes calls from world leaders, he has not talked to the state department. he has not gotten briefings from state departments. the pick, tillerson, may not follow the tradition about how to handle some of these situations. >> interesting, terry branstad was cheered by the chinese. they have worked with him and hold him in high regard. same with the russian reaction to rex tillerson. donald trump is picking people he knows can talk to people. >> soon he will get someone who can talk to mitt romney for sure. you remember the briefings he is taking right now. he is focusing on north korea. >> interesting. we have not had a president-elect who came in sort of promoting skepticism in his relationship with the american government as it now stands. the cia over the russian hacking stuff sets a tone that is really different from picking a nominee who may be not everyone loves. it raises questions that i don't thin

may be overdoing it a bit. >> and i want to get your thoughts on trump's pick of iowa governor terry branstadiend of china now named ambassador to china what do you think about that? >> well, look, i think it's a very strong pick because governor branstad has a personal relationship with president xi jinping of china. obviously they've noerch each other for some time and it signals the important of the bilateral relationship between the united states and china. obviously picking someone with familiarity not just with the chinese but president xi specifically. particularly as it looks as though president xi may be poised to hold on to power four more years, that signals the importance of that relationship to the trump administration to the united states. do. >> do you think his pick is reassuring to china given the back-and-forth we've seen, even those tweets of donald trump attacking china and going after them on trade and their difference the south china sea, for example? >> i do think it will be reassuring in the sense that governor branstad is a familiar figure to many in the chinese high

cbs news confirmed that iowa governor terry branstad...a man china referred to as an old friend...will be the next u-s ambassador to china. and marine corps general john kelly will be named homeland security secretary. we also learned today that time magazine has chosen donald the year for 2016. that award is given each year to the person who, for better or worse, has the greatest influence on the year's events. the magazine cites trump for among other things..." framing tomorrow's political culture by demolishing yesterdays." trump called it a great honor, though he took exception to the cover page calling him president of the "divided" states of amerca. meanwhile a member of the electoral college from texas is talking about his decision ?not? to vote for donald someone with broad-based legislative and executive experience. someone who can understand the office of the president can't attack the constitution, can't attack journalists because they don't like what they publish. publish. 'chris suprun' plans to vote for a different republican when the electoral college convenes later this

the pregt has offered the ambassador job to the iowa governor, terry branstad. the longest serving governor in all of our nation and was an early supporter of trump's candidacy. trump has taken shots at china. he has accused that country at purposefully making that country's money less valuable. trump also broke decades of diplomatic tradition last week taking a phone call from taiwan's president. it may help to ease tensions between the two countries. the chinese president's ties to iowa go back more than 30 years. that's when he and branstad first met. xi jinping first met in 1985 on a research trip. i'm told he was working as an agriculture officer in the chinese government at the time. no one knew he would become the president of china. the two men have kept in contact all these years. blake is live at the tower in manhattan. that's an interesting coincidence. >> reporter: there was certainly a relationship between these two. as you mentioned, it goes all the way back 30 something years to 1985 and that is the first time xi came here to the united states to

the stage our next ambassador to china, your governor, and i can truly say your great governor, terry branstad up, terry. [applause] branstad: this is a big room. wow. president elect trump. [applause] iowans, itd: fellow has been an honor and privilege to serve the people of this state and thanks to the great new president that will make america great again, i am very proud to serve america in this very important role. thank you very much. [applause] [cheers] he isent-elect trump: going to do so great. with him on our side, i know we will succeed in bringing our jobs back. i also know that china, who has been so tough and competitive, and dealing with people that did not get it. i will tell you what, we will have mutual respect. and china is going to benefit and we will benefit and terry will lead the way. i just want to congratulate him. to accomplish our goals, we must reject the field approaches of the past -- failed approaches of the past. the government needs to stop listening to the special interests, and start delivering for the national interests. it is time to deliver for you, just l

governor terry branstad has a plan to try and make sure every 3rd grader in iowa can read at that grade level. but a new study shows it may need some work. iowa law says third grade students who are not reading at grade level must take a remedial course, or risk being held back. by may 20-18, each school district in the state must offer the remedial summer program. a state study followed 43 program helped prevent summer learning loss. but the program did not lead to any significant growth in test scores. the study also found that the districts struggled to hire enough experienced teachers. only about half of the students they invited actually attended. and the study estimated the average cost for the programs at between $9 and nearly $14 million dollars. nokia is dialing back time in 2017. in today's tech bytes, we learn the company has plans to sell phones again. stay with tv9. chosen retired marine general james mattis for secretary of defense. as abc's janai norman reports, the president- elect has renewed his campaign pledge to build a wall along the u- s-mexico border. if the 17 da

. >>> he also announced he's nominating terry branstad to be the u.s. ambassador to china. mr. trump says china has to start playing by the rules. intellectual property, putting unfair taxes on our chps, not helping with the menace of north korea and the massive devaluation of their currency and product dumping. >> it was announced mr. trump will keep his executive producer credit on the tv show celeb brit apprentice. >> coming up on "cbs this morning" we will talk with paul manafort donald trump's former campaign manager. >>> hillary clinton is calling on congress to fight what she described as a fake news epidemic. du retiring senate minority leader harry reid clinton said the issue is a danger that must be addressed quickly. >> it's now clear that so called fake news can have real world consequences. this isn't about politics or partisanship. lives are at risk. >> clinton's speech follows an incident in which a gunman occupied a washington pizza restaurant mentioned in a false report linking a child sex >>> secretary of defense ash carter made an unannounced stop in afghanis

he plans to nominate terry branstad as the ambassador to china. he is a long time friend of president jinping. they say his latest remarks could provoke a harsh reaction. >>> italy's president has asked foreign minister pale gentloni to be prime minister following the registration of mateo renzi who stepped down after losing a refererendum on constitutional reform. he's a native e of rome e who belongs to the central left democratic party. first selected in 2001, he served a as foreign minister sie 2014. at a news conference on sunday, gentloni said he's aware of the need for urgency in setting up a new w administration to easese public anxiety. observers say he could propose a cabinet by as early as monday. gentloni's first task will be to tackle a looming banking crisis. despite the next parliamentary election being scheduled for 2018, many political parties are demanding an earlier vote. >>> in switzerland a passenger train has made the first trip using the longest railway tunnel through the alps. it connects zurich. the train left central zuri

i'll governor terry branstad has accepted the offer.ly critical of china and angered the chinese by speaking with taiwan's president. global news 24 hours a day, powered by more than 2600 journalists and analysts in more i'm taylorntries, riggs. this is bloomberg. so much.ks let's get to the data right now. stay to check versus some of the busy days we have seen. nuanced versus some of the busiest days we have seen. the vix drives weaker. this is a grinding in the equity markets. down to 11.51. isd a little bit fragile, near recent lows. 11.74. francine: overall, i have similar data as yours. i just wanted to put in crude. the news in the last half-hour is that opec is set to cut. do markets believe them? to an extent. went throughputin almost every single oil company saying you will cut, once you? on the back of that, the oil prices going up a little bit. a lot of pressure on the banks in italy. it is the banks were pushing a lot of these stocks higher. yet, 113.96. a little pressure on dollar after they had to revise their outlook for

terry branstad if he is approved to be the ambassador to china, the lieutenant governor reynolds could become iowa's first female governor. senator and the county treasurer. an anniversary for a moment that shook the world, 25 years ago russia and two other soviet republics declared the soviet union dead. they said they were leaving the ussr to form a new alliance, other republics followed and the soviet union was officially dissolved on the day after christmas in 1991. dozens of people braved the cold through the night closer a chance at affordable housing. suzanne kennedy was there as they got that chance. >> the moment that almost 200 people have waited in the cold for overnight. they are being given numbers to enter the leasing office with the help they will get an affordable housing unit in southeast d.c. the long line started to format 3:00 yesterday afternoon outside the orchard park apartment on temperatures either standing or sitting on lawn chairs, some are senior citizens. >> the city should have a better way for us to receive affordable housing because staying out here over

china loves terry branstad.ald trump, the president-elect showing again how he can work both sides of the same thing, looking more like a deal maker here. >> that's his trade, right? this is classic trump, to push as far as you can so that when you actually sit down and get a deal, it is more to the liking of where you would like to be. but also to make sure that as you are bringing people to the table that everybody has a little something to hang on to. so china has terry branstad while he actually on twitter is saying let's get tough with china. at least they have something to hang on to to get to the table. i think this sort of good cop/bad cop trump is playing himself on both sides -- >> he's both cops. >> he's both cops. both the good and the bad. because that's what he has found successful in business. >> mark, the carrier deal, last week i remember when we were talking about this, you said no matter what you say about it, this is a big political win for donald trump. but now the more we learn about the de

now iowa governor terry branstad is donald trump's nominee to be u. u.s. ambassador to beijing. under branstad iowa's exports to china have grown exponentially. branstad's friendly approach to beijing contrasts sharply with president trump's vow to confront china on trade and national security. trump's nominee to lead the pentagon is retired marine general james mattis. pending a congressional waiver since he has not been out of uniform seven years, as required by law. >> mad dog plays no games, right. >> reporter: like trump, mattis is hawkish on iran. >> the iranian regime in my mind is the single most enduring threat to stability to peace in the middle east. >> reporter: while trump has repeatedly praised russia -- >> wouldn't it be nice if we actually did get along with russia. >> reporter: -- and denied moscow interfered in the u.s. election, he sarussia sees mattd putin as a grave threat. >> trump's leading choices for secretary of state also have fundamentally different views of the russia threat. mitt romney famously identified moscow as america's leading foreign policy c

terry branstad in beijing within the last month. >> kasie, i want to talk democrats. we heard word that keith ellison who is in the running for dnc chair says he'll resign essentially making it a full-time job. he was criticized by some for taking the position as we saw without it being a full-time job. what's the reaction you are hearing from democratic lawmakers there about this. >> i think there is a sense among democrats no matter how they feel about who they want as chairman of the dnc that it should be full time. that's a lesson from debbie wasserman schultz's tenure. she eventually came under criticism. some people would argue it helped that she had the position she did with fund raising and other things but at the end of the day her attention and priorities were divided because she had two things to worry about. most democrats i talked to don't want it to happen this time. it's also evident that ellison has come under pressures in recent days. he's had to talk a lot about comments he made in the past that have come under intense scrutiny from the anti-defamati

he will come to the stage terry branstad, his pick for ambassador to china. mr. trump picked on china for "not playing by the rules." >> you have the massive theft of intellectual property. putting unfair taxes on our companies. not helping with the menace of and the at will devaluation of their currency and product dumping. other than that, they been wonderful, right? >> earlier today, the trump team announced fast food ceo andrew webster is the president- elect's choice to be secretary of labor. he has been a critic of raises in the minimum wage. combat what she calls fake news. she called it a danger and a threat to democracy. her presidential campaign was a constant target of fake news websites. clinton made those remarks on capitol hill where she took part in a tribute to minority leader harry reid. >>> hundreds are making special plans tomorrow to show their support for a dc pizza restaurant. it was the target of those vicious fake news unfounded rumors about the clinton family a north carolina man named edgar welch says those stories encouraged him to go t

four star retired marine general john kelly, terry branstad is the u.n.'s new ambassador to china and the president-elect plans to select oklahoma general scott pruitt to lead the environmental protection agency. and also not pictured here, former wrestling executive linda mcmahon for the small business administration post. >>> a solemn remembrance at stockton university today on this the 75th anniversary of pearl harbor. students, staff and veterans stood gateful for our dream today. it was in honor of the 2,400 americans who lost their lives when the japanese attacked 75 years ago. the late sergeant allan darby was a survivor from camden county. his daughter lee knows her father's story well. >> as he walked into the hospital, the japanese planes came over head and struck the hospital and he had bullets hit on either side of him, just missed him by inches. >> it gives me immense pride to call myself a marine knowing that the same title carried by those who avenged the attacks on pearl harbor. >> stockton is ranked in the top 20 best colleges and universi

terry branstad will be named u.s. ambassador china.s a story is the bank shares cost-cutting measures. fourth-quarter trading gains forecasted. mario draghi's decision. the ecb begins as last meeting of the year today. must predict it will extend on buying past march. jonathan: 24 hours away from that decision. you just positive up nine points on the dow. the banks outperforming in europe. 15 of the 19 in positive territory. one,able rate, a weaker lower with a 125 handle very briefly but now 126. downside surprise for u.k. data. yields on a low at 236. david: turning back to china now, china is spending his foreign reserves to keep the u.s. from falling too low -- yen from falling too low. the chinese reaction so far has been muted, with brings us to our morning must-read. bloomberg is reporting on a commentary signaling to chinese officials worldwide that they should under react to what mr. khatrump says. he might think china is a soft persimmon easy to print if they do not react, but the country does not throw a tantrum to strive fo

terry branstad met with him earlier in the day to interview for u.s. ambassador to china. >> i'm really excited about the quality of people he's attracting to the cabinet. >> reporter: and the president- elect met with exxon mobil's ceo who is under consideration >> as you heard general mattis has been away for less than 7 years from active duty. congress would have to change the law for him to become defense secretary. republicans want to include it in a catch all spending bill. >>> president-elect donald trump plans to attend saturday's army-navy game. a spokesperson say mrs. trump will spend one-half of the game on army side of the field and one-half on navy side, and a sellout crowd is consecutive matchups, and the rivalry started all the way back in 1890. >>> so a mother settle thes her lawsuit against jetblue after her 5-year-old son got flown to the wrong city. >> it's called a date which will live in infamy, but tomorrow's pearl harbor day is unlike any other. >>> a local state of emergency has been declared by the city of oakland to help in th

i think he'll talk about terry branstad. and iowa is a place trump has a tough relationship.aucuses he came in second. on the other hand he won the state in general election. i think that trump has a habilitahabit when he does several rallies in a day of tailoring his message to each state. i think you will see something like that tonight. >> let's listen in. >> what a crowd. [ cheers and applause ] what great people. great people. i'm here today for one main reason. to say thank you to the great, great people of iowa. you went out and pounded the pavement. you organized your fellow citizens and propelled us to victories as a grassroots and every other level. we have a movement the likes of which this world has never seen before. never seen before. i also want to give a very special thanks to our veterans. lot of have tveterans in this r. service members. military families. unbelievable people. yesterday was the 75th anniversary of pearl harbor and a reminder of the countless americans who made the ultimate sacrifice for this and our country. america's member and women in uni

trump named iowa governor terry branstad his ambassador to china. >>> and within th of hours, we learned the recount effort in michigan is probably over. a federal judge who ordered the state to start recounting presidential votes has dropped his decision and an appeal will likely follow. >>> the senate floor put politics aside to honor vice president joe biden today. he will soon end his 44-year government career, and lawmakers for both parties lining up to pay tribute to the man who presided over the moment came when mitch mcconnell heaped praise on biden. >> the vice president says views of competitors have from competitors, not enemies, and he has been able to cultivate many unlikely friendships across the aisle, with me! you've been a real friend! you've been a trusted partner! and it's been an honor to serve with you. >> biden served in the senate for 36 years before being his running mate in 2008, and he does seem to be leaving the door open for a possible presidential run in 2020. >>> a lot of people will run to prince george's county this time tomorrow night because the newest r

. >> and joining trump on stage tonight in iowa will be that state's governor, terry branstad. his choice for ambassador to china. now, trump also tapped john kelly to join the ranks as homeland security chief. >>> but he's getting a pushback for choosing scott pruitt. janai norman has the latest from >> reporter: good morning. so, donald trump added a third general to his new administration as you said, retired general john kelly tapped for secretary of homeland security. but it's the president-elect's pick for head of the epa that has democrats up in arms. the man dubbed by "time" magazine president of the divided states of america continues to split the country. a new bloomberg poll shows donald trump's favorability rating at 50% with 49% of direction. >> i believe we're in the process of putting together one of the all-time great cabinets that has ever been assembled in our nation's history. >> reporter: the president-elect believes he and his cabinet will change that. though so far many of his choices for key roles have come with their fair share of controversy. the latest