what he tells us to underpromise and overdeliver. we all ought to act within our means so that we can pursue success at a level at which we never before dream. he tells us that today's politicians ought not to tell us to achieve the impossible but instead they ought to work to clob rate and come together with the other side so that they can produce a more effective policy at every step. fundamentally we believe that that is what changes the state of american politics. further more, what we tell you is that's what wins elections. when today's candidates like hillary clinton are being criticized business they don't appear genuine enough and she has to keep on saying, but i'm a grandmother, we start to run into some problems. similarly, when donald trump and bernie sanders are exceptionally well viewed because they're v w viewed as genuine, we wont to say it's important to the american people. and i ask you now what is more genuine, more friendly, more real than being trustworthy and delivering on your promises? that is what president co

he wants to underpromise and then overdeliver, otherwise it becomes problematic for the administration and you get a babysitter. >> every night on espn you see the highlights, you don't say i don't want dallas to look too good because that might tick off the bears fans. you show your highlights, you show your wins. greg, i thought you were saying why don't we show our wins? why don't we show the world and anyone who is thinking about going to isis, maybe that's not the group you want to join up with. >> maybe you show them committing acts of terror and horror that they committed. unbelievable. our wins. >> that's not a win. >> that's the recruiting tool. >> that's the recruitment tool. >> show them, show the world, i don't. >> the experts say the recruitment is created by those acts of barbarism, because they take that as an achievement. they've never seen proof of battle. but they're seeing people being executed. they use that propaganda into scaring their future targets. >> let me just say, that's sick. >> i would agree. go what you're getting is that we're attracting alienated sick,

in the federal government, something that can only be done by a candidate who is willing to honestly underpromise and over-deliver. on the other hand, as beloved as he is, president reagan was larger than life. an actor who plays a hero in every role. we also recognize that this is a rare that can often not be replicated. does nothing to improve people's optimism about the american government. instead, it breeds disappointment. is the ability to actually deliver on his promises. that ability made him a more trustworthy political figure in american politics and will be one that powers the gop into a new era of political prosperity. let's watch the economic prosperity. he and president harding took office. by the administration's first year, the stock market had fallen by 48.8% from its peak in 1919, further than it was actually fall in 1929. the president reversed this trend of economic disaster towards one of success. we see the champion of economy in two areas. first, in government and second, economic firsts. let's say it's limited government, something that we can definitely look to as a model

i didn't think he disappointed, but markets are used to him underpromising and over delivering, and thiser delivered according to consens consensus, but friday, oh, you didn't hear my properly. i'll do whatever it takes, and we saw the market rebound, so, you know, it's -- for me, there is no doubt to the simple paradigm. the fed is going to be easing its foot off the stimulus accelerator. the ecb, the bank of japan, and the people's bank of china is going to be pressing harder on the stimulus accelerator, and because nothing else adjusts in the policy world, it's going to be the currency maker that carries the burden, and that's going to translate into higher volatility and more tactical opportunities for investors. >> are we anywhere near superseding monetary concerns by geopolitical concerns? are we in -- boy, the risk of something, or when it happens, we won't be talking about central banks and financial things as much, but talking about the ways that we're dealing with the very dangerous world? >> so we are in this world today, but we -- it's been repressed by central bank. look wha

to. >> unlike the other modi, you underpromise and overdeliver. >> thank you so much. that is a compliment. >> every time. thank you. you did leave something out. you forgot to mention jamaica. >> really? >> the stock market up is 80% this year. there are two big reasons. fe beer and dolphins, but not together. >> i hope not together. poor dolphins. one exchange standout is -- [ inaudible ] >> is that a jamaican brewer? >> yeah. they make red stripe. >> recently fold into the hin kin beer empire. there is a dolphin sector. so we're serious about beer and dolphins. jumping out of the water this year. >> it's been a whale of an investment. >> a dolphin marine park say a jamaican operator called dolphin cove. >> let's keep this in mind. the market cap of the jamaican stock market is about $5 billion. that's it. it's a frontier market which hopes to grow into an he merging market. 80% is still 80%. but keep nind, the frontier markets are frontier because they're small. they tend to be liquid and if you own something there and you have to sell it, sometimes it is hard to sel

. >> caller: happy holidays to you, your family, and your impeccableable staff who always underpromise overdelivered. >> they are u.p.o.d., underpromise, overdeliver. >> caller: disney, sending out dissident businesses can add value. i started buying disney after the first drop in the espn subscriptions because the other businesses had great catalysts. but we don't see great cartoon characters running around at half time. what do you think of the chances? >> we don't want that. espn has lost subscribers, but it's a mosaic. when abc was doing badly, people gave up on disney. espn doesn't have as many subscribers. is "star wars" going to be as big as people expect? i don't know. some of the merchandise isn't selling as well as i thought it would. i think disney in the end is a good stock to own longer term, which i know has been very out of fashion way of looking at things, but i don't care. i think foot locker is a buy. i don't want you to buy finish line. mad tonight, it's changing the way we work and teaming up with some of the biggest name in tech. we'll start unwrapping some gains n

. >> but don't forget, ceo 101 says underpromise and overdeliver. bob iger is trying to temper expectations so they can overdeliver -- >> that's key for a stock and for anybody who deals in business. >> indeed. thanks. >>> time now for a cnbc news update. >> well, bill, here's what's happening at this hour. los angeles school and city officials are defending the decision to shut down the city's school system due to an e-mail threat. mayor eric garcetti says he stands behind the superintendent's orders to close the schools. meantime, new york city police officials say they received the same threat and quickly determined it was a hoax. several federal officials also believe it was a hoax. >>> white house spokesman josh earnest says the obama administration won't rule out additional tests if it would benefit national security. >>> a chicago police officer used excessive force by dragging man from his jail cell after he was subdued with a stun gun. chicago police released the 2012 incident involving the inmate. >>> and kohl's announcing it will keep its doors open 24 hours a

they saw no need to cut, to guide down, unlike so many other fedex, the only one of the four that reported, they were somewhat down beat in their comments. the company underpromised on pricing and then overdelivered with excellent cost controls and a very strong on-the-ground business, 9% increase in volume, 10% increase in pricing. thank you free delivery and amazon. fedex was simply affirming their overall earnings guidance despite a challenged economy. i regard g.e.'s move to a multi-year high after as more of a coronation than a revelation. you're seeing the real ge sans finance. they're returning a huge amount you don't get that kind of growth without hard core manufacturing innovation. i think investors are generally thrilled to hear in spite of the economy overs last quarter, ge could do the last time it reported. in other words, the economy slows. they said listen, don't worry, we're still doing it. honeywell's 5-point run yesterday a little quizzical. the fact that honeywell reiterated its organic growth was greeted with a spectacular response, its biggest one-day gain in three years. honey well simply raised the mid point of its guidance and didn't tell

a lot of people felt kold had to be a loser this was the new kold product, which they were underpromising in this quarter after overpromising in the previous. brian kelly came in. he is a serious executive, ceo. coca-cola immediately took the stake. they bought back a lot of stock. this deal shouldn't have taken people by surprise from the point of view they had a good quarter. a lot of people had to kcover te short. it was one of those things where they said we got it together. i thought the stock would have gone up more. >> the frustration among shorts is sort of visceral today. whether it's this, whether it's the euro, all these pain trades of the day, people are asking how can you short anything? a takeout is always a risk. >> you can short kinder morgan and it looks like once again you have credit suisse saying there will be a dividend cut. negative article in barron's. in general, the ceo of coca-cola, he took a big stake in the company when everyone felt it was a goner. he took a big stake in monster beverage when people felt those would be in trouble. maybe he's a silent winner th

underpromising in taking over. >> you do? >> i really do. >> the synergy number will be very important. >> the three companies. you want to be in the ma jurority. >> $14 billion in value was created. >> the only thing that was good yesterday. >> when we come back this morning, walmart jumping into the world of mobile payments. we'll fill you in on what that means for the world's biggest retailer. b of a just had their stress test approved by the fed. we'll talk about what bob peck thinks about a sale in the first six months of next year. a lot more "squawk on the street" from post 9 in a minute. >>> walmart is moving into the mobile payment world. the world's largest retailer announcing the launch of walmart pay available on the walmart mobile app to make shopping faster and easier. they will start rolling it out in select stores. nationwide launch dubee the first half of 2016. retail giant says 22 million customers actively use the app each month thinking back to we had doug mcmillon on the show in february. we asked him, are you going to commit to apple pay? we wouldn't commit and now we know why. >> they are probably g