Santoli. Were live from the new york stock exchange. Jim and carl continue to have this week off like so many of you out there right now watching us, most likely. If you look at futures this morning of course its thursday. Weve got two more days. We backed well off from dow 20,000, but that wont stop us from talking about it, will it . European markets you ask, well, lets answer that. Give you a look. Uk also open again. Of course hadnt been well, it was yesterday, not the day before. You can see they add spain and italy in the control room just to make me happy. Thank you very much. Down lets call it almost across the board other than italy. 10year note yield hanging right in there right around 2. 5, up a little bit in price. And theres a look at wti. Our roadmap for the hour begins with president elect trump taking credit for the 8,000 new jobs coming to the u. S. Workforce. Will other Companies Follow suit . And as we drift further away from that dow 20,000 target, we look at what history tells us about the timing of the milestone. And apples attempt at securing one of the largest smartphone markets, india, one of the latest hurdles. Well discuss that. But first, president elect donald trump says sprint is going to bring back 5,000 jobs to the United States while a Company Named oneweb will add 3,000 jobs. Common theme here, softbanks masa son spoke with trump this month, softbank owns majority stake in sprint and also investor in oneweb, heres donald trump at maralago last night. I was just called by the head people at sprint, and theyre going to be bringing 5,000 jobs back to the United States. Theyre taking them from other countries, theyre bringing them back to the United States. And masa and some other people were very much involved in that, so i want to thank them. And also oneweb, a new company, is going to be hiring 3,000 people. So thats very exciting. And that companys founder, greg weilor was on squawk box this morning discussing the types of jobs hes looking to fill. These will be very hightech, highly skilled Manufacturing Engineering jobs. So really right at the cusp of highly skilled manufacturing and engineering. And where will they be based . Really all across america. We have a very broad supplier base, so in florida, a lot of jobs in florida, a lot of jobs in arizona, maryland, virginia and of course california and many of the different states around in smaller numbers. Interesting of course to see these moves. Every job is important. Its great to see jobs potentially coming back or being added. But of course there is the larger issue of progress. We talk about it so often and whether or not you can actually stop that, which typically comes in the form of automation and robotics and so many things that are going to continue to dislocate the u. S. And workforces worldwide. The sprint deal is interesting in and of itself guys, in part because masa son, of course who controls softbank, which controls sprint, has been looking to do a deal for a long time with tmobile. They have an enormous amount of debt, theyre still setting up an off Balance Sheet hand set financing vehicle. Theyre going to be potentially parting with some of their 2. 5 gig spectrum, and they want time perhaps as well to try to figure out a way to get together with tmobile again. Given the heisman a couple years back by actually, the current fcc chair stepping down. You have to wonder if this doesnt figure into that mix. Stock up about 40 since the election, not just a good year, a really good couple of months. And you have these examples of these companies that have decided to keep or bring jobs to the United States where one way or another they want to remain in good graces of an administration thats coming in. Maybe they have other business with the administration. So i guess the question is this just the way you get good pr, somebodys basically the incoming president saying this is a great thing youre bringing jobs to this country. But also is it a way to run an economy right now . On that note a few thousand jobs at a time, right . You were talking about some of the other companies that have made these deals with trump whether its on cost discipline or bringing jobs back, lockheed martin, boeing, carrier, owned by united technologies, sprint, theyre all companies that need a friendly relationship with washington. Whether its part of the Defense Budgets or trying to get a deal done past the antitrust regulators. It is your honcertainly does no curry favor and they realize its in their interest to get in there early with the president elect and allow him to take credit for this type of thing because it curries favors with other deals potentially down the line. Right. To put it in perspective, since sprint was acquired by softbank, the company had shed about 9,000 jobs. So you have to keep these things in mind. Of course were talking thousands here when really the u. S. Economy adds, what are the numbers, hundreds of thousands a month . I mean, 150 these days is a weak number because we were getting used to more than 200,000 job creation per month. And obviously whats lost and added in a given month is much larger than that. But it will be interesting to see. Sprint stock as mike noted has moved up dramatically in part after that meeting between trump and masa son, the one at trump tower because of the facts they hope they would be able to revitalize this idea to bring together tmobile which by the way is larger than sprint now, would you want to use sprint shares and some say in fact now some say over value, has huge overhang of debt. A good job of bringing them along and stabilizing the subscriber base, but certainly that deal would help a lot to bail out what was a 20 billion deal for softbank. I dont know. Lets talk about the premise of that deal if it were to happen, right . Bring four competitors, big competitors into three. Right. So its all about efficiencies, its not about enlarging the market, is it . No, it isnt. Mike, you know, i just dont know whether even if you were to have a president who was very much in favor of helping you because youve helped him, the staff at the fcc, the staff at the doj weighing in on a 43 when you can clearly see the benefits to the consumer of having four competitors in that marketplace for something we all use, our wireless phones, that would be a tough one i think even still. But were going to be watching this continued relationship and the growth of that relationship. Lets talk about the political side of this story and bring in john harwood with more. You know, john, president obama under his watch this economy created, what, more than 15 million jobs . And maybe its just trump being a brilliant marketer and more politically savvy than he gets credit for, maybe obama should have announced every Single Company that hired over the last eight years . Well, thats exactly what it is. Its marketing. He took advantage of a slow holiday week and made teased it earlier in the day through sean spicer, his press secretary, and said were going to have this big announcement about economic development, announce it later in the day. As you guys have indicated, masa son announced after his meeting with donald trump at trump tower a few weeks ago that he was going to invest 50 billion in the United States and create 50,000 jobs. Now, this is all part of a fund that he had been raising 100 billion with saudi arabia long before the election. So it wasnt really about trump, but as you guys just indicated, this is a winwin for the companies and trump. They get to come out and say, yes, mr. President elect, were going to add these jobs in the United States. He can say its because of me. Theyre facing regulatory hurdles to sprint and tmobile getting together. And everybodys good, except if you believe the conservative arguments against crony capitalism, which conservatives have been making for some time, you know, will taxpayers get hit in the end . You know, is this back scratching between companies and a politician that will end up costing them . We dont know that. Yeah. You know, its also worth noting, i think, this idea of bringing these jobs back or creating new ones for sprint in terms of call centers, i would just mention separately charter communications, which acquired time warner cable, which also acquired newhouse, they committed to hiring 20,000 people not because they were necessarily trying to do a good thing to get in the good graces of the current administration, but because also tom rutledge, the ceo of that company has said many times actually makes sense to house these people in the u. S. , the inefficiencys that are taken away, the lower churn that we can have from dealing with customer problems in a more effective way is better for us. So worth certainly mentioning. This is a trend in part also. Well, and, david, we have to say, if in fact donald trump has the effect of changing the mindset and having Companies Look first toward jobs in the u. S. , especially the kind of high End Manufacturing that the oneweb executive mentioned on our air earlier today, thats a good thing. And that has the potential to create a virtuous cycle. But you guys put it in perspective before. This is 8,000 jobs in 2016 the u. S. Economys created an average of 188,000 jobs every month. So is this big . No, but it is a pr coup. Now, i want to bring in one other issue. You know, we talked separately from this jobs announcement. We talked yesterday about the split between the Obama Administration, the Incoming Administration over israel and the back and forth between kerry and netanyahu yesterday. Theres another issue that was illustrated last night when donald trump came out and talked to the press, and this was with reference to the Russian Election hack which u. S. Intelligence agencies agree was perpetrated on democratic organizations by the russians. Donald trump was asked whether or not russia should be sanctioned for that hack. Heres what he had to say. I think we ought to get on with our lives. I think the computers have complicated lives very greatly. The whole, you know, age of computer has made it where nobody knows exactly whats going on. Now, think about that. He said we ought to get on with our lives when asked about sanctions russia. Nobody really knows whats going on. 17 u. S. Intelligence agencies have said they think they do know whats going on, and the Obama Administration has them compiling that information to release before he leaves office. That is going to put the squeeze on republicans in congress, especially those like john mccain and Lindsey Graham who are skeptical of russia, skeptical of Donald Trumps relationship with russia skprks were going to have to see where that goes. But donald trump is making plain he has no intention of putting any daylight between himself and Vladimir Putin at this stage. And how that proceeds, how it affects Rex Tillersons nomination for secretary of state, of course tillerson has made big deals with Vladimir Putin, those i think in the end are going to be bigger questions than the ones that we started out talking about with respect to sprint and oneweb. Yeah. With don king by his side. Thats right. John, thank you. John harwood in washington. Meantime, the dow closing down triple digits yesterday for only the second time since the election, jobless claims fell by 10,000 to 265,000. Well get both crude and natural gas inventories later today. We also have trade deficit number 65. 3 billion in november from 61. 9 billion in october. And, guys, in terms of the market move yesterday, mike, we were talking about this in the morning, very interesting to see quite a slew of factors which were a turnaround from the first sort of month of the trump rally. We also saw bonds yields come down, so bond buying. And today were seeing the dollar softening as well. Within the sectors financials the worst performing sector yesterday. So it was quite a marked profit taking post trump rally. The market had been sort of treading water for two weeks for awhile really staying near those highs making these sort of halfhearted attempts at a new high. And yesterday as you say a lot of the forces that were driving the market higher in the weeks after the election did flag a little bit. Dow transports are down from a couple weeks ago. Semiconductors fell yesterday. Were at a twoweek low in treasury yields as well. Seems as if people are adjusting and weve been talking about the possibility of this shift, at least a reallocation away from stocks into bonds just as a mechanical measure because of asset allocators doing that at end of the quarter. We did see evidence some of that was working through the market yesterday. Going to bring up the year end funkiness thats going on. Art cashin has been mentioning this theme of Pension Funds especially this last quarter and this last month having to reallocate buying more bonds, selling more stocks because of the short moves and have to get their portfolios rebalanced. Theres also this idea of window dressing which always sort of comes in at the end of the quarter and end of the year. And you wonder if thats going to boost stocks that have been winners not so much nvidia but you have that short sale call on that. Yes. Probably look out for that final, this is what, this is the final two trading days of the year. Thats right. We did see some evidence yesterday it was just a wholesale very much a shift away from the big indexes and into bonds a little bit. So theres no way to know this for sure or if people are just anticipating that. But i think the bottom line is final week of the year, nobody has a lot of conviction about committing a lot of new capital. And so were sort of left with this treading water. Of course the fact we had three bad januarys in a row at least has to be in the back of traders minds. Im not going to say dow 20k today unless we get within 100 points again. You just said it. You also said that at the top of Worldwide Exchange and then said it ten times in the show. Really . Five seconds you just did it twice. Nope. Thats it. When we come back, apples big push into china excuse me, india, could be paying off. Well tell you why. And shares of nvidia falling again this after that Citron Research report saying the run is over. Its still up more than 230 for the year, but is it time to sell the stock market darling of 2016 . More on that. And taking another look at futures here, a little bit of strength for the dow, just barely. S p futures up 1, nasdaq down 1. This after the s ps worst day since back in october. More squawk on the street live from post nine at the nyse when we return. E, how do you like t . Ooh elmo likes songs puzzs me love puzzle wellpus ara great memorization tnosaurs yess ppies ooh i love puppies so do, i. Actually. Ets teac importanlessons abou so ddancing ay then, lets dance. evebody cheers so ddancing yeah b were opening more Xfinity Stores closer to you. Visit us today and learn how to get the most out of all your services, like xfinity x1. Well put the power in your hands, so you can see how x1 is changing the way you experience tv with features like voice remote, making it easier and more fun than ever. Theres more in store than you imagine. Visit an xfinity store today and see for yourself. Xfinity, the future of awesome. Apples attempts at selling direct to indian consumers may be getting closer to reality. Indian officials are expected to meet next week to assess the incentives requested by the smartphone maker. Goods such as the iphone must be built locally in order for apple to open its own stores. The smartphones currently sold by third party vendors, indias wireless market expected to overtake the u. S. Next year. And it is just behind china, that at least according to idc. Of course china also continues to be something of a question mark as we head into next year in terms of apple and what may or may not happen as a result of the changing nature of the relationship between our country and that country. Maybe one reason that tim cook has been focusing so much on india even though china is clearly a gross buy. Went back to the october call cook asked about india. Heres what cook said. I think its important to look not only at per capita income, which may be what youre looking at, but sort of look at the number of people that are or will move into the middle class sort of over the next decade and the age of the population. If you look at india, almost 50 of that population is under 25. And so you have a very, very young population. Responding to the fact that the population size and some of the demographics match up to china even if the gdp doesnt per se. Well, the demographics are much, much better than china in terms of absolute size, clearly chinas already a more penetrated market by apple, much more growth of course in china to come than the likes of the u. S. , but india much less penetrated and very attractive demographic. So they really want to be there. Theres no doubt about that. It is interesting to see apple playing by these rule say you have to manufacture there if you wanted to sell there in the context of incoming president who would like apple to make some goods here. Clearly apple has to navigate those rules all around the world. I think thats not that surprising. They paid lip service to china over a lot the last year, weve seen that with various investments theyve had to make into companies you wouldnt traditionally expect need to do it, but its worthwhile. Interesting point is timing as you say, is this something thats going to see a bit of a kickback from the current elected administration. Absolutely. Coming up next, we are counting down to the opening bell. Art cashin will be with us to see what hes watching this holiday shortened trading week. Take a look at futures here. Looks like a pretty calm open. No real selling pressure from yesterdays drop, at least right ahead of the open. Well have more squawk on the street from the nyse coming up straight ahead. Wh . [pony neighing] hey gary. Oh im crazy stressedrying to afigu out this cox trerse . I bught in my cfort pony, im crazy stressedrying to afigisnt that right wren . Wellyou could get support om thinrsms inapp ct. Lets u chat share your screirecy with a live person right frome, so you dt need comfo