downloaded. >> and trump may be trying to make america great again, but can he keep carrier and united technologies competitive? ain't that worth asking? stick with cramer. >>> in their quest to put america first, the incoming trump administration first set their sights on carrier. >> companies are not going to leave the united states any more. >> what does the ceo of parent company united technologies think about being in the center of a political firestorm? >> i was born at night but not last night. i also know about 10% of our revenue comes from the u.s. government. >> find out next when "mad money" returns. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. they may want the latest products and services, but they demand the best shopping experiences. they're your customers. and by blending physical with digital, cognizant is helping 8 of the 10 largest u.s. retailers meet their demands with more responsive

thank greg hayes and his team at united technologies, bob mcdonough and the team at carrier. thank you for renewing your commitment to indiana and renewing your commitment to the people of the united states of america. [applause] i also just want to thank the great carrier team here in indianapolis and in the state of indiana. your hard work, your resilience, your work ethic even in disappointing times, i know for a fact gave this company the confidence to double down on the future of this company and the future of the people of this state, and so i thank you, the carrier team, for giving them the confidence to do just that. [applause] but lastly, on behalf of all the people of indiana, allow me to thank the man we wouldn't be here without for his efforts, for picking up the phone, for keeping his word. his efforts to bring us to this day of renewed hope and promise not just here in indiana, but really for people that know the strength of this country comes in our ability to make things and to grow things. it's a renewed day for manufacturing inç america. you know, i remember

especially when national security is involved as it is in some of these united technologies contracts. so he has to strike a sort of measured tone here. he doesn't want to be throwing markets into flux, threatening companies. he wants to come off as having achieved something without appearing to port the american economy at risk the way things are done into plux so it will be a bit channeling. i think that's why we're seeing a bit of emphasis on the state incentives even though they don't amount to much here. it's sort of a carrot-and-stick approach that trump gets to talk about and brag about now. >> david gergen, it's interesting eric used the word "brag." you have to be care informal your language saying "see? told you in february, maybe the deal isn't the same as i said but i'm saving you your jobs." >> i think he would be so much better off if he doesn't brag, if, in fact, he's grateful, he's grateful to the leadership of carrier, of united technologies and the good people in the state and the governor and others in the state who made this happen. he should stand back and not tak

i want to thank gregg hayes and his team at united technologies and bob mcdonald and the team at carrier. thank you for renewing your commitment to indiana and the people of united states of america. [ applause ] >> i also want to thank the great carrier team here in indianapolis, in the state of indiana. your hard work, your resilience, your work ethic even in disappointing times. i know for a fact gave this company the confidence to double down on the future of this company and the future of the people of this state and so i thank you, the carrier for giving them the confidence to do just that. [ applause ] lastly, on behalf of all the people of indiana, allow me to thank the man we would not be here without for his efforts, for picking up the phone and keeping his word. his efforts to bring us to this day of renewed hope and promise. not just here in indiana but really for people to know the strength of this country comes in our ability to make things and grow things. it is a renewed day for manufacturing in america. you know i remember when donald trump was running for president, he

at that time, united technologies said thanks, no thanks, still going to move our jobs to mexico. so, read between the lines her , tyler. when the president of the united states calls and says maybe you should reconsider moving those b jobs. don't have to go far to say we've got over $6 billion in defense contracts. do we want to start off on the wrong foot with the trump administration? unofficially, that's probably what a lot of people are reading into. publicly, nobody's going to say there's a quid pro quo going on. >> are there any concerns that perhaps partsmakers or auto manufacturers will feel the pressure to keep jobs in the united states and not move to elsewhere? >> yes. there is that feeling. and not that they think they're going to get a phone call immediately from the trump administration, but you can bet they're going to think twice because they decide to close down a plant and ship manufacturing to mexico or open a new facility in mexico. here's the problem. so much, the auto assembly takes place south of the border. more than 2 million vehicles are exported to the u

carrier is owned by united technologies. united technologies makes aircraft parts. the unknown here is this. did donald trump threaten to pull federal defense contracts from united if it didn't save those carrier jobs? >> it didn't even have to. you have the president-elect of the united states calling the ceo of united technologies. united technologies had some almost $6 billion of contracts with the federal government, and on the campaign trail donald trump has said i'm going to put a tax on that company. i'm going to tax them for sending jobs overseas, and then bringing the product back to the united states. so if you're the ceo of united technologies, what do you do? you play ball with donald trump at this point. that's what's so remarkable at this point. we haven't had a ceo or a president rather who's been able to make a company keep jobs in the u.s. what were the sweeteners here? why did they do it? united technologies says it was state incentives that were a very big factor here. but many are presuming that donald trump has said look this is going to be a bu

when you have united technology, a big industrial military conglomerate, owns carrier. united technology benefits from huge government contracts and it is sending jobs overseas. that is how globalization is working. to be able to extract the concession for them is really remarkable. >> it is. you know, we said this several times. we don't know all of the details here. is this something that has to do with carrier or all of the government contracts for united technologies? there is a lot of leverage the government would have. >> it may be a promise by donald trump. i'll fix corporate tax. i'll have a more business friendly environment. look. let's open the dialogue here. you give me this and i promise you we will start off on the right foot. >> right. it is a president we see who is doing deals and getting into the nitty gritty and saying let's do this one specific thing. i want to keep these specific workers here. how can we do that? that's the kind of thing we have not seen before. >> do we know if trump is talking to other companies? >> i'm sure he is. >> is this a su

they're talking about united technologies, who they buy airplane parts from. they're saying that contract could be threatened too. that makes economic sense. when you talk about tax breaks, don't we want more tax breaks? i don't need the government taking a bigger chunk of their money. they waste it, they don't use it well. it also has to make economic sense down the line which means they have to make the a good client for keeping the jobs here, making it profitable. >> and charles, the treasury secretary nominee said yesterday that this is simply trump picking up the phone, a potential president picking up a phone kacalling a ceo. >> yeah, mike pence spearheaded this, but donald trump getting personally involved, it was a big difference maker. they do a lot of business. i read $6.7 billion worth of business with the government between a few of their -- they also have a lot of money off shore into what has donald trump been talking about? his broad picture. lower taxes, bringing back that money without penalizing these companies. and fewer regulations. that's

, to keep the plant open. >> united technologies and carrier stepped it up. and now they're keeping actually the number is over 1100 people, which is so great. >> reporter: the carrier jobs deal calls for one of two plants in indiana to stay open, preserving more than a thousand jobs. but a carrier facility in huntington, indiana, will still close as planned, he thougelimi 700 jobs. the company will get 7$700 million in tax breaks. the company stays in the good graces of the trump administration. as for the workers who feared losing their jobs, a sense of relief. >> it was shocking. it seemed surreal, phones going off and people telling me our jobs are being saved. it was just crazy. it was just surreal. >> they didn't start clapping, they started talking and being happy that they would be able to maintain their jobs, their homes, and take care of their family once again. >> reporter: but what happens to other manufacturing plants scheduled to close? will donald trump call those companies and pressure them to reconsider shipping jobs to mexico? after getting

first and foremost i want to thank greg hayes and his team at united technologies, bob mcdonough and the team at carrier. thank you for renewing your commitment to indiana and renewing your commitment to the people of the united states of america. [ applause ] i also just want to thank the great carrier team here in indianapolis and in the state of indiana. your hard work, your resilience, your work ethic even in disappointing times, i know for a fact gave this company the confidence to double down on the future of this company and the future of the people of this state and so i thank you, the carrier team, for gaving them the confidence to do just that. [ applause ] but lastly. on behalf of all the people of indiana. allow me to thank the man we wouldn't be here without for his efforts, for picking up the phone, for keeping his word his efforts to bring us to this day have renewed hope and promise not just here in indiana but really for people that know that the strength of this country comes in our ability to make things and to grow things. it's a renewed day for manufacturing in am

frankly, thanks to the confidence of gregg hayes, united technology and bob mcdonald. carrier has decided to stay in the united states and we'll keep more than 1,000 jobs right here in the heart of the heart land. [ applause ] what a deference a year makes. the truth be told, job announcements are a daily thing here in the state of indiana. we are at record employment hoo work than ever before. that day of february 10th, was our breaking day. carrier made the difficult decision to close this facility and move jobs out of our country. we made with the leader with our company back in march and making the indiana case that it was cleared that the dire were cast. we are literally driving jobs out of this country. what was missing was cleared to me as your governor, what was missing was leadership and change. well, the american people voted for change last month and even before taking office, our president-elect, provided real leadership that made the difference. [ applause [ applause ] president-elect trump did just what he said he would do. he picked up the phone. i was ac

so, i just want to thank all of the people at united technologies, most particularly you, because you are fantastic, greg. i want to thank -- i want you to tell me how much air conditions units you sold in the last six months from today because i think it's a number that will surprise you folks because of the tremendous good will you created. i want to thank all of the workers at this plant, all of the carrier workers, most importantly. [cheering] >> i want to thank my great, great vice president-elect. one of the really good decisions -- i went to thank mike and we'll be doing this and if i have to tell you during speeches they says it's not presidential to call up massive leaders of business. it's very presidential and if it's not presidential, that's okay, because i actually like doing it. but we're going to have a lot of great people that can do it as well also i do it. but we're going to have a lot of phone calls made to companies when they say they're thinking about leaving the country, because their not a leaving this country. and the workers are going to keep their jobs and i

first of all, there were two plants scheduled to close in indiana, run by united technologies.ne of those two, the one behind me, will remain open. the other one in huntington, indiana, which is not far from here, about 700 employs there, that plabt is still closing. about 1,000 workers, a little over 1,000 workers all together will keep their jobs here and there are some detail that have just been report, "the wall street journal" reporting that united technologies has agreed to invest $16 million in its facility here in indiana, tax breaks in the state of indiana may total as much as $7 million. so when you put this all together, there are some financial incentives for united technologies here, but make no mistake here, vice president elect mike pence, who's still the governor of indiana, he brokered this deal, but this deal comes together just a few months after he failed to keep carrier to stay here when he was just the governor before he was on donald trump's team. what's changed? well, the united states government has a lot of leverage. $6.7 billion in contracts with unit

united technologies is one of the top 50 companies in the united states. they make many other things other than air conditioners, believe me. >> in fact, he's right. united technologies also has billions of dollars in defense contracts with the federal government and sources familiar with the negotiations say that was a motivating factor. united technologies gets 10% of its revenue from the federal government. inside this deal with united technologies, $7 million in financial incentives over ten years from the taxpayers of indiana, the home of vice president-elect mike pence. that money comes in exchange for a guarantee that carrier retains at least 1,000 jobs and invests $16 million into its indiana operations. still, according to "the wall street journal," 600 jobs from that particular plant are still destined for mexico and cnbc reports 700 jobs will still be lost when a plant in nearby huntington, indiana, closes. during his speech trump also vowed to slash corporate tax rates and regulations he says are hindering american business and spurring an exod

it's reported to be $700,000 but that's a drop in the bucket to a company like united technology. bottom line is this, guys. you do not want to see a new administration starting and having an attitude of about a particular company if you're the ceo of united technologies, and that's why i think they ultimately said, let's make a deal to keep this plant own. >> big event tomorrow at carrier's headquarters. what can we expect? >> reporter: a lot of congratulations. a lot of hand-shakes and smiles. and a lot of workers. and we'll be there talking with them. a lot of workers saying, "thank you, donald trump," for keeping this plant here. >> what about other companies that perhaps had considered moving some of their plants to mexico? he was very -- the president-elect was very critical of ford. >> right. >> do you expect a change in attitude on a broader corporate level, phil? >> reporter: i think it depends on the company. we reached out to six different companies that have either started the process of moving plants down to mexico or going to be moving some jobs in production there.

in a deal with united technologies, the parent company of carrier, trump announced 1100 jobs at their indiana factory will not move to mexico. in exchange, the company will receive $7 million in tax credits and training grants over the next 10 years. while it's great news for workers whose jobs were saved the 1100 number is misleading. , it's more like 800 jobs that will remain. approximately 550 union jobs will still go to mexico. 300 more jobs were never scheduled to leave. and a second united technologies plant in huntington is closing, and it is moving 700 jobs to mexico. james pethokoukis is an economist at the conservative american underpriced institute and he has called this deal , chilling. nice to have you with us. james: i appreciate it. soledad: so the responses have been divided between people that were cheering hey, jobs were , saved, and if you are one of the 730 to 800 people whose jobs were saved there, to others -- that is an amazing thing to , others bemoaning the way this was done. where do you stand on it? james: i'm concerned. i want make companies making decision

, a major defense contractor now avoids angering the new administration. >> 10% of united technologies' business, more than $5 billion, comes from the u.s. government and the pentagon is united technology's single biggest customer. >> robert james who has made furnaces for 18 years, has questions, too. >> we need to know what's behind it. is there anything that's going to be asked of the union. >> but for jt bray, raising a young saying it's a christmas miracle here. we get to keep our jobs and i'll be happy. the kids will be having a good christmas, we won't have the worry of daddy won't have his job. >> tomorrow the president-elect and governor pennsylvania will be here to tour the carrier plant and talk to its workers. left centre. >> kevin tibbles in indianapolis, thank you. >>> still ahead, new details in a kidnapping mystery that has captured much of the nation's attention. what a mother of two is now telling police >>> new details in a bizarre mystery in california. authorities are hunting for two kidnappers who abducted a mother and held her for three weeks. investigators say s

was it united technologies or donald trump and the federal government? >> it's what we'll be visiting if those phone calls will be made, chuck. the candidate certainly made a focus of his campaign these jobs in indiana and their potential for going to mexico. you also had a unique situation in that united technologies, as you pointed out, as we pointed out, of course, is a big defense contractor. it's got about $6 billion in revenues that basically is tied to the u.s. government. and what i have reported, and i have heard from people who are familiar with what went on here and the deal that was put together is the concern of starting off on the wrong foot with this administration was far larger than the loss or the cost savings, i should say, that would have accrued to united technologies carrier unit from moovrg the moving these jobs to mexico. >> that made a lot of sense to me that trump owns that kind of leverage. i'm curious, what are you hearing in the business community about this tactic? it is clear to me this is how donald trump is going to opera

but i will tell you that united technologies and carrier stepped it up, and now they're keeping, actually, the number's over 1100 people, which is so great. which is so great. [applause]

provide very low taxes, and united technologies is very hopeful that there's going to be a deal struck to repatriate that money back to the united states at very, very low tax rates. and you can bet that that was also in the background of this deal. >> the, there are many things about the deal that are peculiar to say the least, and you couldn't replicate them in other situations like this around the country. and also, the very tiny number of jobs here that was involved. what president obama did for example with the auto industry, saving over a million jobs never got the kind of media splash that these 800 jobs got today. >> well, that's right, and don't forget, i mean donald trump is a showman. he is a barnum & bailey put together. so if he saves 800 jobs it's going to be a big deal, and he's going to be in a stadium and in a big rally and talk about it forever. but you're absolutely right. as an economic matter, if he tries to use the same techniques as the art of the deal to save every manufacturing job that night leave the united states, that is going to be a 24-hour job for presid

first and foremost i want to thank greg hayes and his team at united technologies and the team at carrier, thank you for renewing your commitment to indiana and renewing your commitment to the people of the united states of america. i also just want to thank the great carrier team here in indianapolis and in the state of indiana. your hard work, your resilience, your work ethic even in disappointing times, i know for a fact gave this company the confidence to double down on the future of this company and the future of the people of this state. so i thank you, the carrier team, for giving them the confidence to do just that. but lastly, on behalf of all the people of indiana, allow me to thank the man we wouldn't be here without for his efforts, for picking up the phone, for keeping his word. his efforts to bring us to this day of renewed hope and promise not just here in indiana but really for people that know that the strength of this country comes in our ability to make things and to grow things. it's a renewed day for manufacturing in america. i remember when donald trump was running f

and a second united technologies and it is moving 700 jobs to mexico. james pethokoukis is an economist at the conservative american underpriced institute and he has called this deal , chilling. nice to have you with us. james: i appreciate it. soledad: so the responses have been divided between people that were cheering hey, jobs were , saved, and if you are one of the 730 to 800 people whose jobs -- that is an amazing thing to , others bemoaning the way this was done. where do you stand on it? james: i'm concerned. i want make companies making decisions based on what is best for their customers and their shareholders, and over the long term, what is best for their workers. what i don't want is businesses making decisions on the whims of politicians including the , president of the united states. this is kind of a weird situation where we have a business telegraphing or sometime the econo be competitive, they need to be making products somewhere else where labor costs less, and they made that decision. and the president decided, you know what, i know b

provide very low taxes, and united technologies is very hopeful that there's going to be a deal struckrepatriate that money back to the united states at very, very low tax rates. and you can bet that that was also in the background of this deal. >> the, there are many things about the deal that are peculiar to say the least, and you couldn't replicate them in other situations like this around the country. and also, the very tiny number of jobs here that was involved. what president obama did for example with the auto industry, saving over a million jobs never got the kind of media splash that these 800 jobs got today. >> well, that's right, and don't forget, i mean donald trump is a showman. he is a barnum & bailey put together. so if he saves 800 jobs it's going to be a big deal, and he's going to be in a stadium and in a big rally and talk about it forever. but you're absolutely right. as an economic matter, if he tries to use the same techniques as the art of the deal to save every manufacturing job that night leave the united states, that is going to be a 24-hour job for president

and here the reference is to united technologies, the parent company of carrier.y do a lot of defense work. the theory on part of the employees here is maybe donald trump implied that if they moved to mexico, carrier, that is, then united technologies may no longer get those big defense contracts. and that would be a pretty big stake. but that's just speculation. maybe we'll hear the details tomorrow when trump and vice president-elect mike pence is here, who is the governor of indiana. >> thank you, i appreciate that, martin savidge. joining me now is a new york post columnist who was here last night and quickly left us. she's in pittsburgh. we missed you here on the set. donald trump got great headlines and "the new york times" called it a powerful tactical strike. this deal is a win for donald trump? >> absolutely. optically, it's a great deal and for the workers that are going to be able to keep their jobs and to keep the ancillary impact, the economic impact. when this was first announced, the state said they were going to lose $100 million in economic impact

you know, look, united technologies is a huge defense contractor. donald trump is not president yet. so what is it that he promised united technologies and is it a defense contract, a pentagon favor? we have no idea. i think he owes it to the american people to give more details, to tell us what it was that kept them there beyond just the bully pulpit of the presidency, which by the way is a good thing to use. >> he says he's going to do that on thursday. i want to ask you this, hillary. this is what charles tweeted. he said, trump dusoes a still secret deal to save carrier jobs. media fawns. obama saved 1 million jobs with auto bailout, #barsettoolow. >> i don't think that charles is correct. i think president obama did get a lot of credit for saving a significant portion of the auto industry. and it is also true, though, that president obama has created over a million new factory jobs even in an environment and economy where technology is what is threatening is jobs more than anything else. donald trump is inheriting a fairly good economy. yes, as

trump graciously united technology and subsidiary carrier air-conditions for working with him to save those jobs. he also made it clear he was not elected to do business as usual. from here on country who do jobs in other countries will pay a big price. >> they are not taking people's hearts out, they will not be announcing, like they did at carrier. that they are closing up and moving to mexico. >> i can't tell you how long i waited for a national leader to say those words. millions of workers no matter who they voted for after hearing those words, tonight, they know they will soon have the right man in the oval office. we have an a-list guest lineup tonight. ed rollins, randy evans, congressman chris collins, and jeff dewitt with us, president-elect trump already at work to keep his campaign promises but exceed himself, he is already leading the nation. it was 5534 days ago that donald trump launched his campaign for the white house promising to be the greatest jobs president ever. >> because the greatest social program is a job. and they will be proud, they will love it they will m

the new administration. >> 10% of united technology's business, more than $5 billion, comes from the u.s. government. and the pentagon is united technology's single biggest customer. >> robert james who has made furnaces for 15 years has questions today. >> we need to know what's behind it. >> for jt bray, raising a young family, relief. >> some people are saying this is a christmas miracle that we get to keep our jobs. our kids will have a good christmas. >> our thanks to kevin tibbles. >> it is one of the most iconic holiday traditions in the big apple and for the nation, for that matter. >> five, four, three, two, one. go! >> that was the scene right outside our window here. you have alec baldwin and kate mckinnon who helped flip the switch on the rockefeller christmas tree. it was soaking wet and they couldn't bring in their umbrellas. they had to leave them at the barricades. they all came for the star-studded event. after the holidays, what happens? it will be milled into lumber for habitat for humanity. while the tradition dates back to 1931 when workers decorated a 20-foot tr

in essence united technologies, the parent company, took trump hostage and won. is that what happened here? >> he's saying they won. look, let's be clear. united technologies also has almost $6 billion of government contracts with the federal government. if you are the ceo of united technologies and donald trump, president-elect, has already said he's going to tax -- put tariffs on your company and calls you up and says why not leave some of your jobs there? what do you say? you say yes. because you're about to go into a position where a lot of their revenue, the parent company's re new com revenue comes from the federal government. this is a sign of how these companies want to play ball with the administration because of how tough he was on the trail because of trade. the question is, do you have a few companies like this, and i have no doubt donald trump and his team were talking to other companies right now who are moving jobs overseas, but if you have a few of these really good optical plays for the donald trump narrative, does that take the heat off of some

united technologies does not need a tax break.ited technologies today has $6 billion in defense contracts. and what trump should tell them is you're not getting a tax break, you're going to lose your defense contracts if you don't do the right thing and keep these workers, all of these workers here in indiana rather than sending half of those jobs to mexico. >> so two questions on that. on that last thing, i mean, you have -- if i'm not mistaken, you have actually called for a policy to be enshrined much like the federal contracting policy on paying a living wage that would essentially enshrine a policy that if you're getting federal contracts you can't do this kind of outsourcing. is there a danger, though, is there a difference between enshrining it as policy and this ad hoc approach. is there a danger of abuse of essentially the president calling up various companies in the way that he does here? >> well, i don't mind a president being aggressive in trying to protect jobs. i think that's a good thing. what i think is an absurd

or was that done by carrier and united technologies. >> that was united technologies and mr. trump. wouldn't have any problem at all working with him or anybody else in order to try to keep jobs in this country. you know, all of us are going to disagree with on certain things at certain times. but if in fact he decided he wanted to include me or us in a process of keeping 550 remaining jobs, i would definitely work with the man. >> well chuck jones, i appreciate your time. thank you very much. >> caller: i sure appreciate you giving me opportunity to explain my side of it. >> chuck jones joining us again, his response. richard, what do you make of this? even what he said and he had some pretty unpleasant words to say about donald trump as well. the bottom line is still willing to work with him. >> absolutely. >> everyone though donald trump just said this. >> because donald trump agenda is still his agenda, which is to save american jobs and to bring american jobs back. and that shows i think huge magnetism of chuck jones and the union workers in this respect. >> -- still work toget

he said in part trump was planning to force united technologies, to pay a dam tax. in essence they will be awarded with a damn tax cut. united technologies took trump to the market and won. >> donald trump is going to remedy the structural problems we face. donald trump by saying he wants a 15% corporate tax rate, that actually creates jobs. it creates business. wealth. creates more revenuely which you can invest and employ more people. and i think donald trump will fix those structural problems. there is no question. and the proof i have is that carrier was offered similar incentive bis the state of indiana. they didn't take it because they didn't believe in the philosophy behind president obama but they believe in the philosophy behind donald trump or -- >> or they are scared of president donald trump who's going to control the defense budget of which a vast majority of united technologies business comes from. >> you are going to look at what, $68 million versus i don't know how many tens of billions at stake here. so that makes sense. >> totally makes sense. in b

2015 was an abysmal year for united technology. seems to have found its footing. reporting in the middle of january. industrials seem to be getting their legs back. to me, here is a stock at 107.5, has all the potential to trade back to the all-time high at 125. that's how i look at it in terms of the political ramifications. >> if they are going to get a little more favorable of a look the next federal contract that comes up -- >> who cares? i mean -- >> i'm not saying it's bad or good. i'm saying from the standpoint of a utx shareholder, may have done the right thing. >> let's look at the underlying businesses under a lot of pressure, otis, pratt. i don't think the company is particularly cheap and hasn't rallied when this supposedly good news has been there for them. i'm neutral at best. >> the press conference -- >> you know what -- >> i mean -- >> in july, pratt and whitney got an $873 million contract from the u.s. defense department. this is like -- you i can't believe i'm saying this. sarah palin said it. she's -- being thought of as somebody who could be

of the parent company, united technologies, and promised corporate tax rate reductions that would far exceed the $65 million the company would have saved through outsourcing. >> it start was an attitude, ok, of this administration, this president, this vice president-elect, ok, is going to have open communications with business leaders. >> reporter: mr. trump's deal with carrier also covers headquarters and engineering staff and the company says it will make new facility here. >> just last week we was just sitting down like what are we going to do next year? so -- >> reporter: erika ferguson's husband has worked there for 15 years. she believes the deal will help make him to retirement in 15 years. >> i didn't vote for him but i support him because it's helping me and my family. >> united technologies gets 10% of its revenue from federal contracts. the company hasn't said if those contracts played a role in its >> brian: president-elect trump will also travel to ohio for a rally in cincinnati. it's the first stop on his thank you tour that will also make stops in iowa and michigan nex

. >>> and the united technologies ceo who went head to head with the president-elect said there was no quid pro quo for carrier. it's tuesday december 6, 2016. "worldwide exchange" begins right now. ♪ >> good morning. welcome to "worldwide exchange" on cnbc. i'm sara eisen. >> welcome back. >> thank you. >> feels like a long week. >> did you miss me? >> i did a little bit. that's it for december now. >> i he was disappointed to miss the latest european -- >> you're here until christmas? >> for the rest of the year, all the way. new zealand, dollar move, i missed all of it. >> that was a bit niche, not for you, i suppose, but a bit under the radar. >> political instability over there as well. >> i'm wilfred frost. let's check in on the markets at this hour. >> u.s. equity futures after another rally yesterday where the dow closed up about 40-something points. >> another rally yesterday after declines last week for the first time in four weeks. >> since the election. we got a bit of a rally going yesterday. s&p near a record, the dow finishing at a fresh record. the gains set to continue

but guess what united technologies, utc, united technologies company paid last year in effective taxes, federal taxes? they didn't pay 35%, they didn't pay 15%, they paid 9%. so this is all a dog and pony show. the steelworkers -- >> let me ask from this standpoint, though. you've been a governor. you've been in situations like this. every governor has to deal with the threat of a company leaving the state, maybe leaving the country. if you were governor of pennsylvania right now and you had a company like carrier looking to move a couple thousand jobs to mexico, would you look at this deal to keep half those jobs here? >> absolutely. absolutely. there's no question i would make the deal. and we did it. more often it's -- the state taking jobs from the state. india indiana, they moved to indiana. we put $15 million on the table so they could modernize their factory. we do that all the time. i'm not faulting mike pence for doing this. he did the right thing as governor of indiana. what i'm saying is for donald trump to take credit for this is ludicrous. because these were all state bene

>> i think that united technologies is a very big company with a big global reach.if he can take on united technologies and they basically say, you know what, mr. president-elect, you're right, we're going to change. i think you have to be very careful if you're in the government, if you're in a company and not to get another call from the government. look, can he call 100 companies? i don't think he has to. if greg hayes wants to play ball, who the heck are they not to play ball? i mean, honestly. this guy is one of the most important industrialists in the world. i don't think the other people should reach it. i have to tell you, maybe mark fields at ford is negotiating with donald trump, but the art of the deal, an amazing book, by the way, makes it pretty clear that trump gets his way in business. how about when he's president? >> but if you think about it, he didn't entirely say, listen, i just went with whatever trump told me. he did acknowledge you cannot fight globalization. free trade is here to stay. >> the genie of globalization is not going back in the bo

united technologies, which owns carrier, says it is is receiving financial incentives and pledge fromhe incoming administration create a more of a business environment. >> it was on local news but not on national news at that point except for cnbc. that was before i had gotten most of the information about what i knew about the carrier deal. >> our thanks to robert, carrier employee. that deal will save half of the 2,100 jobs united technology said it would cut by closing two indiana plants. i wonder if we are going to see more of this. carrier was bashed. he picks up the phone, or at least vice president elect-mike pence, picks up the phone, saves the jobs. it's a huge victory for donald trump. and a sign that he is paying attention wants to make good on some of his campaign promises. >> it does seem like a big victory. i wonder how much had to be given back in to achieve it. this is 1,000 jobs. >> it is not a game changerment it's a symbol. >> it is a symbol. he is promoting people on wall street to significant positions having bashed them during the election campaign. >> it highlig

you know, we saw united technologies, what else have we seen? right?ean, there's a lot of stuff in the papers today about how things won't get done that we thought would get done. papers are very negative right now. i just care about funds coming in because when i see these big cap stocks like an exxon or chevron, it takes a lot of capital to move those stocks. you can't just buy those stocks and not have to sell something else. and that's what they're doing. >> right. i mean, listen, we've been waiting a long time for this kind of spike in yields. >> yes. >> if you're in a bond fund, maybe not the best of times. >> no. and those bond funds -- >> are you going to look at that and go, oh, time to get out of bonds and into equities. oftentimes people make the move at the exact wrong time. >> right. but i think like carl said december's been a tough month. you need better distribution of where the money's going. that's all i'm saying. you can't just take up anadarko every day. come on. i mean come on. >> okay, i'm coming. i'm with you. >> just barges. >>

sources add united technology, a major defense contractor now avoids angering the new administration. >> 10% of technology comes president the u.s. government and the pentagon is united technology's single big customer. >> michael james that made furnaces for 18 years has questions, too. anything to be asked of the union. >> reporter: for raidsing a young family, relief. >> some say this is a christmas miracle here. i'll be happy the kids will be having a good christmas. we won't have that worry of daddy won't have his job. >> our thanks, to kevin tibbles. >>> it is one of the most iconic holiday traditions in the big apple and the nation, for that matter. >> oh, that was the scene right outside our building, just steps away, you had alec baldwin and indicate mackinnon who helped flip the switch top christmas tree. revelers didn't let the rain get in the way. after the holidays being 94 foot a. norway spruce will be mild into luck ber for habitat for humanity. decorated a tree on the construction site. we all know we look forward to it her and fighting the crowd. >>> just ahead, inves