>> if tax reform is the key for utc. we've got today $27 billion of permanently reinvested earnings overseas. $27 billion. $6 billion of that is sitting in cash i could bring back tomorrow and invest here, whether it's dividends, buying back stock. >> or doing more research and development in america. >> we are spending $2.5 billion a year on r&d. there could be a renaissance in manufacturing in the u.s. if we get a competitive tax rate. >> of the things you're most proud of, you build the best stuff, you're an american in a globalist environment but thinking larger. if i asked are you a globalist -- >> absolutely. >> you're more concerned in this regime you get a call from the president-elect, do you think some is because united technology is a well-known company or someone said we are moving this factory? >> i think there is bad luck involved, if you will. the fact is when we made the announcement in indiana that we were trying to be as humane as possible talking to employees with a three-year leave time on the announc

utc is only 12%.we went through the track record of these companies and found that many of them have been named in government filings by workers who apply for federal help as a result of their jobs being offshore. the records show boeing, raytheon, and lockheed were frequently named in those filings. consider that these companies could possibly find themselves with similar scrutiny to carrier parent utc. firms that are well under the government but also have a track record of moving out jobs. finally, an index of government contractors is actually outperformed the overall market since the election. investors think a trump presidency and a conservative government could mean bigger military spending to come. but contractors may have to play ball to actually get that money. back to you. >> that is increasingly going to be part of the game. we will find out. good stuff. eric chemi at hq. >> when we come back, marsha back blurn on everything from donald trump's cabinet picks to that deal with carrier, what

maybe carrier and utc can do this with air conditioning company.s you move up the value chain and products get more complex you start picking that apart and you end up with just as i like to say the dog's breakfast. mess. >> very kind of you. thank you. >> thank you if you are still there. good report. appreciate it. >>> president-elect trump saying that cyber security is one of his top priorities going into the new year. keeping citizens safe from cyber crime got a lot harder thanks to a new malignant spyware. we have details coming up. >>> the unemployment rate falling to lowest level in nearly a decade. joblessness is a real problem for native american confeteerate tribes in oregon. how they are using marijuana cultivation to combat that you're watching cnbc, first in business worldwide.. ♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insig

we intend on doing it for our members at carrier, rexnord, and the utc members in huntington. what we're looking at, folks, and a lot of folks for whatever reason, i won't get in a debate about that today, they may not like labor unions, okay. if they don't, that's a discussion for another time. but what people lose sight of a lot of times is the fact that people are losing their livelihood are people in the community that all they want was opportunity to work, provide for their families, and now because of what i said earlier, these are being stripped away. people in indianapolis, i don't want to be negative, but is there a lot of $23 to $25-an-hour jobs that these folks are going to be able to go to? most certainly not. so their lives for the most part, and i don't want to use the word "ruined," but they're going to be drastically change ed because they're used to a certain lifestyle. and now through no fault of their own, that's being ripped away from them. some of them with the taa money and education, they'll be able to take advantage of that. some of them will be able to

we have a commitment to -- this is nothing new for utc, we've been talking about sustainability goals>> you can't get the engineers you want without that commitment, can you? >> look, you won't attract millennials by doing business the old way. >> greg when we speak about fuel efficiency and saving the -- at least trying to reduce the footprint of an engine. >> carbon footprint. >> tell me what it does for co 2, fossil fuel. >> the key goes back to the gear which, again, all the work in the engine will be done by the fan and not the turbo machinery. at least 90% of the work is done by the fan. what that does is allows us to burn a lot less fuel reducing the carbon footprint so think about that that's the 16% fuel burn. if you talk to our customers the airlines that have taken delivery are seeing an 18% reduction in usage out of the gate. we certify 16% but with the design of the aircraft we'll give you 18% better fuel burn. >> that's their largest cost. >> it is 30 odd percent of an airlines cost is fuel, the other third is people. every engine that goes throughout will save the airli

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

decides to jump up and leave three, four years and then as greg hayes had an interview, the ceo of utc days ago and trump mentioned the $16 million investment in our facility in the future, and we found out that all that $16 million is going towards is automation which will cost jobs. >> which is a much bigger part of the conversation about where jobs are going in manufacturing industry, and bigger conversation we all need to be having. >> absolutely. >> great to meet you. thanks for coming in. good man from the good state of indiana. no, i am not biased. i'm from indiana as well. >>> coming up, a foreign government booking a donald trump hotel ballroom for a party. live pictures there of that hotel. good business or a bad conflict? details on the party raising serious ethical concerns in a second. you tell your insurance company they made a mistake. the check they sent isn't enough to replace your totaled new car. the guy says they didn't make the mistake. you made the mistake. i beg your pardon? he says, you should have chosen full-car replacement. excuse me? let me be frank, he says

the great negotiator that he already says that he is that he would have known when he sat down with utc how many jobs day were talking about. and the jobs that he was personally involved in keeping here in indianapolis is 800, and once again, i want to give him a great amount of thanks for what he did to keep these jobs here in the city and i thank him once again. but to portray it that it was over 1,100 gave the people some false hope that there were more jobs staying here than the 800 only because the 350 research and development jobs were counted in when him and governor pence kept on saying, 1,100 and some odd, they were already staying here in this city. carrier in february said at that point in time the research and development jobs were what will remain here in the city and then trump and pence tried to take credit for them again. how many times can you take credit for the same jobs staying here in the city? you know, not that many times. so consequently, when two days before he came in, they was putting out 1,100 and some odd jobs were going to remain in this city, it gave peopl

trump, i would have felt i had some pretty good leverage on utc. but they created that i talked to the company and they recreated and the state of indiana offered up $7 million over ten years. that's a drop in the bucket. but it's still taxpayers' money here in the state of indiana that went to a very profitable company. and we're hearing a lot of feedback on that. >> chuck jones, thank you very much for joining us tonight. i really appreciate it. >> lawrence, thank you very much for having me. >> thank you. >> we're joined now by david corn, washington bureau chief for mother jones, msnbc political analyst, and annemarie cox, political correspondent for mtv news. and annemarie, these tweets tonight, i'm just imagining donald trump saying these very same things when he was in the factory with those workers at carrier, it's all your fault, workers. that's why these jobs are being moved to mexico. >> well, you know, i'm really stuck on something that chuck said about what he did say in that room, which is that he lied to the workers' faces. he did mo

and i know that a better regulatory environment, lower tax rate, can eventually help utc over the long run. >> and donald trump is going after another company for sending jobs overseas. in a tweet sent late friday, the president-elect targeted, and wrote, rex nord is moving to mexico and firing all 300 workers. this is happening all over our country. no more. he also reiterated his position that companies that move production abroad would face consequences, including a 35% import tariff. shares fell about 1%. >>> under armour inks its first uniform deal with a professional league, where we begin tonight's market focus. the clothing maker signed a ten-year deal with major league baseball to supply all on-field training and game-day apparel, starting with the 2020 season. financial terms of the partnership were not released. under armour shares rose 1% to $30.43. in a recent letter to u.s. transportation regulators, apple expressed its support for the development of self-driving cars while also revealing it has invested heavily in the autonomous technology. the tech giant called upon reg

the docking was completed at 18:24, utc, on tuesday. it was launched from the space center in kagoshima prefecture in southwestern japan last friday. it is the largest of the four types of cargo spacecraft currently in use to transport food, supplies, and equipment to the iss. it's also the only one that has never had an accident in six successful missions since its first launch in 2009. the cargo this time includes japanese-made lithium ion battery cells, which will become the main power source for the iss. astronauts are scheduled to install them as early as next month. >> the vehicle has the new lithium ion batteries. it's going to be really exciting. >> in late january or early february, the rocket will be use said to conduct an experiment to remove space junk, using japan's technologies. >>> it's time now to take a look at business stories. japanese companies are feeling optimistic according to the bank of japan's latest survey. ai joins us from the business desk. >>s as you know, boj officials reach out to 10,000 companies in japa

lower tax rate can eventually help utc over the long run.eighed all those things in making the decision, with the board -- >> you weighted. the president-elect didn't say, greg, have you seen how many engines we buy from you? it did not come up. >> it did not come up. there was no deal. there was no quid pro quo him saying, i am not going to tax you if you do this. he said take a hard look at it. we worked with governor pence and i think we came up with a good solution for everybody. keep the plant open. 1100 people employed in indianapolis. we get to do the preponderance of the restructuring that we were going to do anyway. >> bringing in cristina alesci. one of the union reps here tells cnn they felt like they were part of a dog and pony show at the big announcement. how do you think this will shake out long term for carrier employees? >> it's an excellent question. carrier the company is happy to let trump take a victory lap, like many other companies have been. they know in the long term they might get fewer taxes, less regulation. so th

i didn't know if the administration of utc or donald trump.either way, it doesn't matter. >> that's right. jenna: it must have been really cool. you would be hope to go say thank you to him, were you able to do that? >> yes, ma'am. i was, when he got done with the speech he came across the front row and shook everybody's hand and i was able to tell him thank you personally for going out of his way to save our jobs and his reply was, you're welcome. jenna: what was that moment like for you? >> very exciting. and a peace of mind knowing that my job and several other jobs were going to be retained here in the united states for quite some time now. jenna: i know that you have a daughter that is getting married. >> yeah, i know. we have that and we have a graduation next year all in the same year. so tough to try to put everything together. now we will be able to do that. jenna: i'm jury curious, there's a lot of debate whether or not it's good to have the government involved or not and whether or not it isn't, there's such debate about it, robin.

i know that a better regulatory environment, lower tax rate can eventually help utc over the long run> no threat necessary. then we've got the bargaining over new air force one with boeing ceo agreed to talk to trump about lowering the cost of the two planes the government ordered. boeing announced 30% increase by the way in the dividend in a new $14 billion buy back. good for shareholders. i wonder if trump thinks, wait a second, maybe it's time for a buy one/get one when it come to the air force one order. then last week we got time 2016 person of the year where trump vowed to go after the drug companies that raised prices xo xo wantly. if the company relies on the government for a big chunk of business, that revenue stream is in jeopardy. who knows if trump calls the ceo of lockheed martin and says i want 2,400 of those planes but i'm only paying for the first few thousand, you're giving me the rest for free. what if he calls boeing and says i see you got that $16.6 billion order for 80 jets from iran. sorry. we're going toe-to-toe to redo our deal with iran. i have to kill that or

all he had to do, in my opinion, was come back and say, well, you know, i was misled by utc or maybe,shouldn't have said what i said. instead of doing that he goes on an attack on me? >> right. mr. jones, when we spoke to greg hayes, or i should say when jim cramer spoke to greg hayes, ceo of united technologies, he of course praised his workforce in indiana, but he also did say the level of absenteeism is far higher there than it would be in mexico. so to bring up this idea of productivity, how do you respond to that criticism? >> okay. i'm going to respond to it right now. the company's got the right to make reasonable rules of conduct. in the reasonable rules of conduct is an absentee program. the carrier facility has got -- negotiated -- sorry, over there it's negotiated. we've got a negotiated agreement. if the company would have had issues with their attendance policy, we ought to sit down and work something out in order to work for both sides on attendance. that wasn't an issue on this past negotiations. and so if in fact they got a problem with their attendance, you know, they

important, sara, to remember what the president himself last night said about what he talked to the utche said we're going to lower the corporate tax rate and go to a territorial system. we're going to improve these trade imbalances. for instance, mexico gets to deduct their value added tax at the border, we can't deduct our corporate income tax. that was an error, it's a long story, but back in the 1990s. so he's exactly right. we have got to improve these trade disadvantages. but you take lower tax rates, territorial system, fix these trade agreements, that's what he told the utc chairman. he said give me some time to do this. >> well, he also said though in a speech from carrier that he threatened other companies that he would tax them at the border if they took jobs overseas. as a company that operates all over the world and expands all over the world, doesn't that worry you? >> the president is a master negotiator. he wrote a book about it. "the art of the deal." the president starts here and compromises in the middle. the president wants us to grow jobs in the united states. the b

i know that a better regulatory environment, lower tax rate can eventually help utc over the long run>> hayes says a trump administration could potentially bring in better regulatory environment and a lower tax rate which could help united technologies in the long run. though that mention about the 10% of revenues comes from the government, department of defense, he's mentioned that, jim followed up and said that didn't come into the conversations, right? you didn't bring that up, trump didn't bring that up, he said no. >> he said no, but he mentioned it, said there was no quid pro quo. >> he also said at one point there was no deal, but then said it was a good deal. >> good deal in terms of it comes with lower tax rates. >> we he could have played a much longer clip of that. excellent interview, extraordinary between a ceo and a president-elect. amazing to watch that unfold. >> you wonder if there will be more of that. >> the whole debate around this, i wonder whether it's been framed the wrong way. we keep saying was there a deal? were you threatened? that's the question following t

and i know that a bet her regulatory environment, lower tax rate can eventually help utc over the long run. >> sew made a deal he couldn't refuse, right? now it seems to be boeing's turn. there is an overrun since we don't know where that $4 billion figure comes from. the next air force one is a worth of genius so of course it's expensive. until today, i figured the cost overruns the military procurement like death and taxes. now there is a chance that that could change. i can imagine trump thinking, i don have a plane, i know what it costs, this is beabsurd. getting on the president's bad side could be a problem for boeing. they have $18 billion in contracts. trump didn't say or do anything to suggest those contracts were threatened. but i'm pretty sure boeing got the message. maybe they will roll back the price of the plane or maybe this comes to nothing. either way a brand-new risk factor that you need to be aware of if you own the defense stocks. remember trump was elected to drain the swamp in washington. and the military industrial complex is about as swampy as it gets. people ar

one point to make on all this, a lot has been made of the fact that carrier is owned by utc, which isompany and it does about 10% of its business with the federal government, particularly the pentagon. a lot of folks have speculated that those federal contracts could be a point of leverage here for the trump administration to negotiate with utc and with carrier, but i've been talking with federal procurement experts at the harvard kennedy school of government who say that actually, you can't really do that. here's what he had to say in an interview with me earlier today. he said, you cannot award or fail to award a contract to united technologies based on -- on the basis of any factor that's not mentioned specifically in writing in the original solicitation or the contract it. that is, if they didn't put the idea of keeping jobs in the united states in the contract to begin with, they can't negotiate on that basis now. so, that's one thing to bear in mind as you talk about trump's negotiating power here. also, meanwhile, we see vladimir putin in moscow making his annual state of the n

so we met with utc and carrier people thursday of last week at noon, and at that point in time they said okay, you know, this is what's going to happen. 730 unit jobs are keeping here and 70 other jobs. but what i was calling trump out on was the fact that he was counting in the 350 research and development jobs that carrier announced in february that were going to remain here in indianapolis. you know, the only thing i was doing was calling him out. what happened on this was our people heard that earlier in the week and so once again they got their hopes up that something was going to be done. they was going to have a job. so 1100 and some odd jobs remaining in indianapolis. the mood was good. we had to tell them, he don't mention on thursday night that the 550 jobs are going to move to mexico. if they leave that alone, him and pence both, and then we have to tell our members on friday because nobody was up front with them, that we're losing 550 members. that's what upset me, because you got people's hopes up. 1100 job remaining in indianapolis. it was wrong and people got false hopes t

so it's i would say no deal, but at the end of the day, a good deal for utc. >> ultimately united technologiests from the state of indiana. carrier agreed to invest about $16 million in its indiana facilities and will keep more than 1,000 people employed in indianapolis. >>> let's turn to the markets where the dow jones industrial average hit another record yesterday. the dow soared to a new record thanks in part to banks and technology. the index got a huge boost from energy companies as oil prices reached their highest levels since july of 2015. for more business headlines, let's bring in cnbc's nancy hungerford from london, good morning. i'm looking at the cover of the "new york post" here. and it says "the end of jobs." amazon's new supermarket has no cashiers. what do you know about this? >> well, you can bet that traditional retailers, the likes of walmart, target, and big grocers are looking at this development with cause for concern. because here is what sets amazon's concept store apart. they are using high-tech sensors and artificial intelligence to skip that checkout line altogether

my position is the military contracts was a big part of those negotiations between the utc and mr. trump. it wasn't $7 million over ten years anted up by the taxpayers in indiana and go a little further, i'm glad that jobs were saved, once again. but the taxpayers are paying their tax dollars to a very profitable company in order to retain 730 jobs. >> but even if it was a combination, even if it was the tax incentives and someone from the administration. again, we don't know. just to follow through on your thinking. they said, hey, your parent company gets a lot of money from this government, that could change if you don't do the right thing by workers. shouldn't you like that kind of strong arm? >> sure. that's exactly what i would have done if i had been involved with the negotiations. i would have brought up the military contracts if the government awards them and try to use that as some leverage. and if he did that, i had no problem with that. but, you know, everybody thinks that because the state of indiana offered up $7 million over ten years that was a game changer. i don't

and i know that a better regulatory environment, a lower tax rate, can eventually help utc over the long jim, it kind of sounds like trump was browbeating the company, and you know, company doesn't want to bite the hand that feeds them. they have to do business with the government. >> i know greg made a point, ceo of united technologies, it was not anything other than implied quid pro quo. i asked point blank, were the $6 billion in defense contracts in jeopardy? did they come up, he said absolutely not. also, of course, greg is saying, look, we're a very big, big supplier to the government. so we can't really risk it. because i think greg is a businessman and weighed that versus the idea of a couple pennies he might make if he goes to mexico. >> from a policy perspective, how does donald trump think he's going to replicate that across the board. if you pressure a company and give them financial incentives and they go, i'm not going to go against the government. how does donald trump think he's going to do this? >> i think that united technologies is a very big company with a big global

utc the parent company is a federal contractor and does billions of dollars a year with the federal government and has exports that depend on the approval of the federal government. so, we're hearing that that played a much bigger role than any incentives did. the state incentives from indiana we're hearing are fairly in line with what the state does for other companies. they're not going to blow anyone's mind when we finally hear the numbers today. this was much more about maintaining a strong relationship with the incoming trump administration. >> michael, if you have that kind of leverage, why not use it. >> absolutely. i think it's great news. let's give credit where credit is apparently due. i'm not questioning it, i'm a little surprised because right now donald trump is without portfolio. what really can he promise? maybe some executive action, but he can't make commitments on behalf of the congress and the house and the senate. i had anticipated that more would have come from governor pence. it would be very interesting to see the details when we know more about this. >> i would say it'

trump hasn't spent his time making air conditioning compressors either, and, yet, greg hayes at carrier utcwound up finding that donald trump cares a lot about that. bill ford and mark fuels has learned that donald trump cares a lot more about suvs today than maybe he did a month ago. similarly, as you take a look at the areas that trump has been focussing on, you know, the folks at boeing. making government airplanes. suddenly trump does care, and for those and i hate to challenge my great friend mr. weiss, i think it was he who said you can't manage a government by tweets. there is something -- >> i'm on your side. >> oh, good. >> it's my friend over here sitting here. >> i actually challenge najarians and that's just as dangerous. >> it was jim levinthal. it's right in your wheelhouse. >> you all get blamed when it's my blank screen. the business community -- the fortune 500 business community, many of our friends, they don't understand this man. he is a blank slate. most of them didn't support him. most of them think he was a major threat to the economy. we've done a lot of survey work

i know a better regulatory environment, lower tax rate can eventually help utc over the long run. >> money's jim cramer greg hayes speaking about his company's decision to keep more than 1,000 carrier jobs in the u.s. after speaking with president-elect trump. catch the interview tonight at 6:00 eastern time. don't miss it. trump taking aim at another company planning to move jobs to mexico i think in the same neighborhood. fill lebeau has more for us. >> taxing about rexnord bearings. donald trump tweeted friday night. his tweet very pointed and direct, rexnord of independent moving to mexico and rather viciously firing all of its 300 workers. this is happening all over our country. no more! . rexnord bearings set to move to mexico. we have tried repeatedly to reach ceo, our calls haven't been returned. carrier as well as rexnord, they say rexnord has not changed its plan. here is a comment from an employee about a month ago in indiana. >> i'm hopeful the government does what he says he's going to do and try to stop some of this. what are you going to do when they outsource your job

government and a better regulatory environment, lower tax rate can eventually help utc over the long talked about immigration and free trade. >> jim, i think it's more nan just share owners. you have to think of the stakeholders that you have in a corporation, be it the communities, the employees, the shareholders and make a trade. at the same time the trade. at the same time i'll tell you the genie of gobblization is not going back in the bottle. free trade is still essential to the growth of this country. two principles, immigration and free trade. that is what made america great over time because we had the ability to develop and innovate in the u.s. just like i sell otis elevators around the world. jim cramer with us on the cnbc nulz. do you think mr. hayes new how different they would be under a trump presidency than they would have been under a clinton presidency? >> yes, we did talk about that and thank you for asking. because i think one of the things that greg made very clear was that this phone call, this interaction would never have happened had hillary clinton been electe

. >> on friday, together with honorable members from hampton i met with utc aerospace which is employing 1600 people in high-volume manufacturing jobs. that company raised its membership in the european aviation safety agency. when the prime minister says brexit means brexit, does he mean we will no longer participate in the european aviation units and other agencies such as the european medical agency and many others? >> minister. >> it surprises me because we need to look with great care and consideration at the wide range of our relationship with your so we can say in time before we reach article 50 that this is exactly the work that the department exiting european union is looking, looking at the range of organizations, some of which are in the european union, some of which will not be membership in the european union and making adecision and crucially, talking to each sector about what is important to them that we understand what really matters to business . >> lily. >> welcoming my right honorable friend in thorough preparation before triggering article 50, which she agreed with me

government and i know that a better regulatory environment, a lower tax rate can eventually help utcver the long run. and so we weighed all of those things in making the decision with the board -- >> but you weighed it. the president-elect did not say, greg, have you seen how many engines that we buy from you? it did not come up. >> it did not come up nor is there any i would say deal. there was no quid pro quo for him to say, look, i'm not going to tax if you don't do this. he simply said take a hard look at it. >> that segment was dissected a lot last night, no quid pro quo, but he recognizes the environment, right? >> and i think greg hayes is a straight shooter. i don't think it ever came up because it didn't need to come up. i don't think this tweet to boeing is idle. look, these things are -- a lot of people feel like that the president-elect is totally spontaneous, that this is about like alec baldwin "saturday night live." these are not spontaneous. the pentagon study that reveals that there's $125 billion in waste, the president and previous administrations who have seen was

so i would say no deal but at the end of the day a good deal for utc. >> he said it's more expensiveo keep the plant in indiana but automation at the factory would help drive down operating costs. it was the opinion section of the "washington post" where i saw this piece. it wasn't like the normal "washington post." the headline was so unbelievable this morning from the "washington post." i had to -- i had to tweet it out almost. i have to read this to you quickly. >> that's not good. >> this is not good. >> he's not reading it to me. >> "washington post." >> i'm sitting down. >> "washington post," donald trump's carrier deal. >> yeah. >> could make american capital -- >> by he steve pearlstein. >> a fantastic piece. >> what? >> very well done. >> you are kidding me? >> very well done. >> i like pearlsteen. >> part of the charm of this show is that we disagree on things. >> this morning it will be a little less charming. this is a great piece. >> my point is, it's in the "washington post." it almost -- is that possible? >> pearlstein is their -- >> he's a terrific reporter. >> doesn'

>> you know, i believe that the overall picture is that, you know, he put utc as a company, like, heyve got contracts with us, you know, you have bigger things, and any company -- i don't want to say he's going to hold them hostage, but i want to say that -- >> he's negotiating. >> made them think twice. he's a businessman. you know, a lot of people voted against the democratic party because they are tired of politicians and we need this country ran like a business and not career politicians any longer. >> all right. well, rick link has a job, has a career, thanks to donald trump and company. joining us today. you got to go to work now, rick. thank you very much for sharing your thoughts. >> thank you. >> have a good day and a good weekend and have a great christmas. >>> coming up on this friday, it's a dirty job and he's willing to do it. mike rowe has an outstanding solution for colleges that refuse to fly the american flag. you are going to want to hear this. >>> and an epic show down between the trump and clinton campaigns last night. who came out on top? kellyanne conway or jen p

so i would say no deal, but at the end of the day, a good deal for utc. >> that's greg hayes, ceo ofquid pro quo in the deal struck with president-elect trump despite accusations of crony capitalism. >> what did trump tell him? >> you're printing money. >> believe me. huge. >> joining us, daniel drezner. he writes, the spoiler alert section at t"the washington po " post." also with us, pulitzer prize-winning business and economics columnist for "the washington post," steven pearlstein, professor of public and international affairs at george mason university. >> steve, thank you so much for being back with us. i remember you predicting accurately that the bank bailout was going to turn a profit in the end and i made you repeat that 12 times because i didn't believe it. you were right there. when you say this carrier deal may actually end up being something that some ceos actually welcome, i took notice. why do you say that? >> well, in the 1980s, something changed in american capitalism. putting the shareholders first became the mantra. and part of that was shipping a lot of jobs over