we are back with john studzinski and tina fordham, chief global economist at citigroup. eed to talk foreign policy. this is something, john, that we talked a little bit about. tina, welcome to the program. will it work for markets? tina: will what work for markets? francine: the donald trump land. tina: markets are loving the donald trump plan that we've seen so far. emerging markets less so the cause they are so much exposed. also i would say, more exposed to global trade countries are worried about this as well. for now, the patterns in trading and this expectation of fiscal stimulus in the united states for the first time in a long time, that has got markets flying. francine: tina fordham, thank you so much. bloomberg first word news. here's nejra cehic. nejra: a member of donald trump's team says the incoming administration is exploring ways to fund fixing roads and bridges, including an option proposed by hillary clinton. trump's team slated as being controlled by washington and funded a tax increase on business. >> the focus is regulatory changes, looking at infrast

vonnie: we're back with --david: we're back with tina fordham.o return change up to court decision in london? ms. fordham: it didn't go into reverse, but it probably slowed down quite a bit. vonnie: that's a good answer. i guess the sentiment of the question is, is it possible for this thing to be stopped or no? ms. fordham: we don't see breversal as a likely phenomenon. there's very little support for it in the first place. while i think investors jumped the gun a little bit by thinking that the decision from the high court in the u.k. on triggering article 50 and involving parliament might mean that it would never happen, we think is it delays the prospect of withdrawing, it also exit that much harder for premise or may and david davis and the others to formulate a strategy, because now they got to run it past parliament. david: what happens before this goes to the supreme court, in terms of what operating in this blog go back in? -- this political vacuum? ms. fordham: there's not a lot that part of -- that parliament can do. they are signaling

political risks ahead, we are joined by chief investment officer at bmo wealth management, and tina fordhamnalyst at citi. thank you both. jack, the markets have priced in assumed outcomes in terms of trump administration policy and how it bears on the economy and markets. do you think the market has gotten this right or overheated in some areas? >> well, i do think that in general the market has gotten it right. but i will say that market is giving trump and the administration the benefit of the doubt, which is probably a good thing at least initially. eventually we are going to have to see where some of the cuts or where some of these issues are going to be. look, bottom line is trump came into office on low growth and that the split between profits and wages were skewed more toward profit. i think what he is hoping to do is provide enough growth or at least inflation so he can fund both sides of that equation. we'll see if that works out. >> and tina, how do you handicap what the new administration might take as its highest priorities, how it might go about things? there's a series of me