Roadmap begins with the market and chase for 20k. Plus the Auto Industry remains in the cross hairs. Well get Sales Numbers today following teslas numbers last night. And another trump tweet, this one about ford. And some fresh scrutiny for the president elect ceo cabinet. Tillersons pay package with comm exxon. First up, stocks end up with more gains with a best day in more than three weeks including tuesdays triple digit increase for the dow. The watch is on for the 2 00 p. M. Eastern release for the minutes from the feds december meeting which might disclose some clues about policymakers views about inflation, strong data and the president elect as well, jim. There was a time when i feared those minutes. They come out at 2 00, Steve Liesman come on, start thinking, wow, oh my, so worried they may have to raise rates. I have to tell you, theyre not talking about raising rates three more times than j. P. Morgan which is one of my fafrt stocks in the dow can go down big. Remember, four rate hikes. The whole dynamic has changed. We saw some of that with byron. We are at one of these moments where we want growth. And we dont fear the fed. And not fearing the fed, not fearing the tape, obviously the market went down yesterday when oil broke and then came back. What was it led by . The oil stocks. We have money coming into this market. I remain thinking, look, if you own stocks, dont sell anything. If you dont, im still convinced theyll be moments intraday, maybe a couple days. The bull bear ratio, everythings so bullish. You will get a moment where someone from the Republican Leadership will challenge trump. The interesting thing is he rolls the Republican Leadership. He rolled them on watch talk. We got the ethics tweets and basically the house being people saying it was a pratt fault to start the year. Well, everybodys making pratt faults all over the place. I love mark fields comments on half where hes basically saying, listen, were not doing this because of trump, but you know what, were doing it because of trump. United technologies, greg hayes, look, i was born at night, but i wasnt born last night. So you get these situations where these executives Say Something that is kind of conciliatory, the opening blast always negative for them and United Technologies been on a tear. A great stock. I wonder ford you know they cut numbers if they dont move to mexico. But they got the blessing. Yeah. So it is an amazing time where people keep fearing and theyre correct in fearing tweets. But the tweets have not impacted the companies yet. I think its the drug tweets that you have to worry about. Well, they havent impacted the companies yet in part because theyre just tweets. And theres no policy here. And getting things done to the point where they actually become part of the law. Right. Is a little bit different. You cant just tweet it. Well, its not exactly jeffers jeffersonian. Founding fathers are not rolling in their graves, but this is a different world. Di disintermediates the press. The state we all kind of play with is hapless versus a tweet. Yes, the president elect is able to communicate directly in this way. And we cover it very closely. I do wonder at some point if this continues in this fashion whether were going to pay as much attention on a daily basis. Wow. Once hes in office and things actually can occur, got a Congress AlreadyGetting Started on various things, then we can actually look at the outcome as opposed to just the sentiment. Right. And thats absolutely true. One of the reasons why i dont think people should pile in but i dont think people should sell is because the idea that the tweets can have that power once hes in. It may not be as great because there will be a lot more people shooting at him. Right now i think theyre afraid to shoot at him. Right now there is a president , and his name is obama. The trump people hate me for saying that the tweets are coming in three schools, ones about trade and theres others in this mornings case, Julian Assange and whether or not to take his word over the cia. Using the word intelligence briefing in mock quotes, right . Are those destructive to the market or are they irrelevant . This market right now seems to like someone new coming in. Its almost as if the market just didnt like anything from before. So you can throw up anything. Like trump puts this up, i think people say, listen, what did these guys do . Did the cia stop any have they really stopped anything . Have they really stopped terrorism . And hes looking overseas and he wants us to be safe and i think there are people who voted him in he thinks these intelligence agencies have gotten it all wrong. But this is unprecedented for a person coming into office to be dismissive, if i could use that word, and i think its a fair word to use of the intelligence. Who are going to work for him . What is he going to rely onto make decisions that impact the safety of this country . Well, i would tell you that this is an example of what you just said, which is that this comes easily when youre not president. I think it comes harder when youre president. Yeah, i mean, listen, speaking about the Broader Market and the themes that we saw play out after the election, jim, they seem to be continuing. Yes. This is not about tweets. This is about rotation into value from growth. Certainly we saw that. And that seems to be continuing. Its going to be an interesting year. You know, in speaking this morning to a number of money managers, you know, googles very cheap, but its a growth stock, do you want to own it . Or is this rotation going to keep hitting you . Facebook, amazon, you go through the names. Well, look, theyre talking about clayton, a very prominent lawyer becoming head of the fcc, go look at what hes done. He is a representative of wall street. Hes not a prosecutor. The s. E. C. Has been adversarial to business. This guy is someone who helps business. It would be the kind of appointment that is in favor of deregulation. Without a doubt. Carl icahn has been leading the interviews of the s. E. C. Chair. He has been involved in that choice. Well. What do you think hes going to favor . Look, but the guys not some hack. No, im not say thag. Hes not some left field guy. I think thats interesting, too, dont you . That carl icahn is well, a lot of things do you remember during the campaign we heard that carl icahn was maybe considered for some of these positions . Well, sure. Hes part of a Kitchen Cabinet, were going to start hearing that term. Does maralago have a kitchen . Maybe its the biggest kitchen in the world. But i think were developing a Kitchen Cabinet, not unlike reagan, of senior people. Remember reagans guys were fabulous car dealers and bankers. Why doent we make that isn that whats happening here . We have to come up with a better term than kitchen. In this case icahn is doing business as usual, so hes an informal advisor. But thats what we have now. These are people that cant be challenged. I think the democrats are going to go to court every day on some of these things. We have to be ready for that. Thats part of the rear guard action. But i think hes assembled trump has assembled a group of wisemen. I think kissingers involved heavily in some of this policy. Kissinger. Theres a piece in bloomberg this morning about kissingers late in life second act, right . Those who 95 years old. I had him as a professor. At one time i criticized him on the vietnam war and he looked at me, and felt it was a unilateral bombing. He looked at me and said to me, my, thats a nice jacket youre wearing. Thats a nice jacket. And then hit the head of my department and said i think thats corduroy, where do you think he got that . I got it at marshalls. Speaking of advisors to the president elect, secretary of state designate Rex Tillerson and exxon mobil agreeing to sever all ties to comply with conflict of interest requirements. If the appointment is confirmed value of more than 2 million deferred shares he would have received over the next ten years will be transferred to an independently managed trust. Those shares are worth about 182 million in yesterdays close. Also surrender entitlement to more than 4 million in cash bonuses and other benefits. Interesting to watch. The president elect himself says hes going to have a presser next week regarding conflicts of interests some allege of his own. There was a time in the last eight years that if anybody was that rich they got the nod in any position we would be suspicious of them. Tillerson is someone look, im not is tillerson the guy for russia . All i know is tillerson was a darn good exec. He preserved the Balance Sheet with exxon. I know theyre not important in the vast scheme of things but tillerson is a negotiator, like trump. Its what he did. What is interesting and we pointed this out the day he was tapped as the nominee is i think exxon mobil has a tenyear vesting period for these for this restricted stock that their ceos receive upon retirement. Lee rayman for example i think only finishing up. And in this case we did say, and by all rights it is probably something that is better to happen this way than not because you wouldnt want him to still have significant shares and ownership in exxon mobil. But its quite a payday for one that they very carefully structured at exxon mobil to really take quite some time in terms of restricted stock. Remember, weve seen the power of that when it came to wells fargo for example and the ability to withdraw if you find something that was not to your liking as a board. Right. Again, the contrast, tillerson. What tillerson has made his money is exxon is a very big company in the United States but not as big as others. I happen to like chevrons assets, more upgrade today after this stock has had a monumental rally. Thanks for nothing. But i do think that exxon is in a lot of places that the United States has historically not negotiated well. And hes negotiated when you deal with exxon, you look at their annual reports. Sure. Marvels. You see where they are. Only thing you think is, boy, im glad im not there. These are some rough and tumble places. Maybe this is different secretary of state whos pro business. We havent had a pro business secretary of state frankly, i dont know if i can recall a pro business secretary of state. I cant recall one. No. Theres been more of a focus on things like human rights. Bingo. Wow. Throwback. Can we do Throwback Thursday . Jimmy carter. Jimmy carter. When we come back, latest in Sales Numbers from ford and gm, plus a look at whats ahead for tesla after they failed to meet delivery goals for 16. Take another look at the premarket, first positive start to a january yesterday in three years. More squawk on the street from post nine in a minute. C teslas down in the premarket. The electric carmaker announced it delivered just over 76,000 vehicles in 16. That narrowly misses the goal of 80,000. Deliveries down 9. 4 in q4. Tesla citing what it calls production challenges from the transition to new autopilot hardware. They were looking for 80 to 90 for the full year, jim. Teflon, they should call it teflon, not tesla motors, but i know thats already patented. Because i dont think this will matter. I think that candidly, my 80,000 goal, a lot of people thought it could be 100,000 not that long ago. But this company has its adherence and i dont think theyre going to sell on this. Well, i dont regard a 2 down after a big Equity Offering here. I just find that the companys charmed. And some of it is what our partner jay leno says, look, theyre making a lot of cars, get with the program. Apparently theyre doing a lot better in china. My friend of warren capital follows these things closely reported yesterday 223,000 units of tesla cars were imported in 2016 compared to only 226 a year earlier. Both the model x, which debuted in june of course and now become the most sought after suv in that market, and the model s of course. So theyre seeing significant sales jumps in china. Benefit. Wow, thats important. Remember they had a personnel problem in china . They didnt have the right salesperson running it. Yes. So they brought the right person in and sales spiked. Again, i think that musk theyve also lowered the price of the model s. I thought the solarcity deal was a bad deal for shareholders, to me thats far more important than how many cars they sell because solarcity i think, first solar has been so bad, i dont like that segment under a president trump. But i do think this is not what theyre not going to react. Theyre not going to dump the stock wholesale. You have analysts who arent going to change their view on it. I think thats the important way to look at it. Theyre just not going to change. No buy to holds. Do they have any Capital Needs in nearterm or they covered that . They did that secondary. Now there will be people out there say they have constant Capital Needs given theyre ambitious, but they did kind of cover it. Theres a lot of bankers that love doing business with these guys, you know that . I didnt know that. Yeah. Bankers love them. Why . Because theres always more coming . Its about fees. Back from the commercial ill come up with a smoother way to talk about fees. Ill tell you what, for 16 going short exxon tesla isnt that interesting. Rex represe musk represents old and tillerson represents new. Thats odd. It is. Again, big change. I look at these people and this is uniquely in cnbcs wheelhouse, this cabinet. I mean, ive got a lot of people suggesting masco cabinet, jet cabinet, im searching for what this Kitchen Cabinet is but its a Remarkable Group of rich people. And i think that is not what our country is used to. Rich person after rich person after rich person. Yeah. Wow. I have nothing against the rich, at all, but youve got to note that. Its indisputable. Remember what lennon said, if the rich arent happy, its their own fault. Other than being a mass murderer, that was the one thing he did produce was common sense about the rich people. Were waiting for auto sales. Were going to get ford and gm in the next few minutes. In the meantime take a quick break and get cramers mad dash on the other side. Well get the opening bell of course. One more look at the premarket which is pred typretty steady. Back in just a minute. Ing g p eayochndtle onig igigerlp torornyrkrk c dotinasigigg we got about eight and a half minutes before the opening bell for this wednesday. Were going to do a little mad dash seated today. What are we headed . Theres a piper jaffry piece and now they have been underweight recommending sell of valeant. I thought this was one of the tougher ones. They were talking about how the stock is simply not investable. I think youll see the stock down initially on this. Theyre talking about how most of the drugs are going to be challenged by generic entrants, going off patent, saying theyre worried about the u. S. Dermatology segment. Thats a very big segment there. Again, shows you nothing really happened to change valeants debt picture. Contrast that with one of the biggest winners in the s p last year, freeport, where they dramatically sold off a lot of assets to get debt down from 20 to 10 trying to get to 10 billion. This company hasnt taken the medicine yet. And i mention it because i think that if you want to talk about what trump might not like, you know, were seeing all these different price increases at the beginning of the year, whats valeant going to do . Remember they were talking about rolling back prices . Have they done that yet . Yeah, i dont believe so. Of course that potential sale of salix or what was a part of valeant did not happen. The market briefly embraced the stock with the idea that sale would be beneficial because youd pay down a lot of debt. Right. But instead they maintained it. It does come with a couple of key drugs for them that produce significant revenues. Absolutely. Youre right. No price increase, significant debt load, spending more on r d. Right. Where do they end up . Or can they continue to muddle along, jim . Well, thats important. I do think the debt load, looking at endo pharma yesterday one of the worst performers in the stock market last year also. Incredible cut down to 26 after being in the 50, 60 yes. David, what i think is important is most people, you have taught people over and over again, look at the debt side. The debt side is the one thats worrisome about valeant, not the drug side so to speak because you have cash flow. Were waiting for mr. Papa. I dont know if youve spoken with him. I have not in a long time. Maybe give him a jingle. Yeah, we can do that. We have about six or seven minutes before the opening bell this morning. A lot more squawk on the street right after this. Lepes foods is a locally owned here in santa rosa. As a small business, were always looking to save money, and pg e was able to help us. I help the Small Businesses save money and energy. It feels great. We looked at their lighting, their refrigeration system, and with just those two small measures, they were able to save a good amount of money. I was shocked. I couldnt believe that i could save 1,500 a month. With the savings that we get from pg e, were able to pass it on to our customers. Its pretty awesome. Learn how your business can save at pge. Com businessenergycheckup. Together, were building a better california. Youre watching cnbcs squawk on the street live from the Financial Capital of the world. The opening bell in just about three minutes this morning, waiting for some auto sales out of ford and gm. As soon as those hit the wires well bring them to you. In the meantime weve got more tweets from the president elect, fed minutes at 2 00, Vice President elect pence going to capitol hill today to meet with both the house and senate gop leaders. Dollar fourweek low versus the yuan amid reports theyre considering ways to stem the flow of capital leaving the country. I think that youre i think everyone is thinking about trump. Now, the communists control yuan. And obviously trump believes theyre the biggest currency manipulator in the world. I think he also believes that by the way europe and mexico are currency manipulators, korea currency manipulators. I think people are reacting to his tweets and saying, you know and to his campa