The fed said, that is causing the market to end in the red, is that the fed indicated that its going to be more aggressive in how it raises rates over the course of the next year. As far as what have this means to businesses and consumers, this, once again, is not a huge rate hike but still means borrowing costs are going up. If you take out a new mortgage or home equity line of credit or an adjustable Rate Mortgage, youll pay more. Car loans will be more expensive. There are some winners in this, though. For one, savers, Senior Citizens who need the interest on their savings. Those getting close to retirement have moved a lot of cash. The banks are winners. They can charge more for taking out loans. The biggest losers, those looking to buy a home. The average 30year fixed Rate Mortgage right now is 4. 2 . For a 250,000 loan thats a monthly principal and Interest Payment of 1,223. So that payment will go up about 45. Looking at the life of the loan, borrowers are paying 16,000 more. Jake. Alison kosik at the market. Thank you so much. Moving to politics. Donald trump wrapped up a meeting with tech leaders from facebook, apple, amazon and others. You may be surprised to learn who was not invited, and that is anyone from the tech company that is for mr. Trump what television was for john f. Kennedy. I am referring, of course, to twitter. Politico is reporting that the snub was a response to twitters refusal to let the Trump Campaign use a crooked hillary emoji during the election. Three of the president elects Adult Children sat in on the meeting with tech leaders, including ivanka, whom a president ial Transition Team source says will have a real leadership role in the white house. Also at the tech meeting, mr. Trumps two adult sons, don jr. And eric, who mr. Trump says will run his businesses to wall off the president elect from conflicts of interest. Cnn political reporter sara murray is live outside trump tower. And sara, trump was supposed to announce his Business Plan tomorrow. How to wall off his presidency from this empire. But that press conference, that announcement, its been postponed. Why . Reporter well, thats right, jake. Tomorrow was supposed to be the big day. Now that is being pushed to january so they can sort all of this out. Ethics experts have raised a number of concerns about the roles the children have been playing, both in the Trump Organization and in the building of Donald Trumps administration. But as of today there still seems to be no wall. Don jr. , eric trump and ivanka trump, all sitting in on that very important meeting between donald trump and top tech ceos. Donald trumps transition turning into quite the family affair. As the president elect tops montana congressman ryan zinke to lead the interior. Sources say don jr. Helped interview people for the most and eric sat in on a meeting with mitt romney as donald trump evaluated his secretary of state options. With trump poised to turn his Business Operations over to those two sons, the opportunity for conflict of interest appears abundant. But not to transition aides. Bottom line is he has been clear from day one of the role his family plays and the trust he has in them. Reporter there is no sign the familys influence is waning. Once trump moves to the white house, the first ladys office is slated to become the first familys office, to help incorporate ivanka trump. But trumps focus is elsewhere today. As he convenes a meeting with tech luminaries he has lobbed insults at in the past. Trump once accused amazon ceo and Washington Post owner jeff bezos of buying the newspaper for purposes of keeping taxes down at his noprofit company amazon. While bezos suggested it was time to send trump to space. Today bezos along with facebooks sheryl sandberg, apples tim cook and others met trump to chat about growing u. S. Tech jobs. Nobody like the people in this room. And anything we can do to help this go along, well be there for you. Youll call my people. Youll call me. It doesnt make any difference. We have no formal chain of command around here. Reporter as trump picks the brains of the business community, his team is turning to how best to execute the president elects legislative priorities. Were probably going to lead with Obamacare Repeal and then replace. Then you will have tax small tax reform package. And then a bigger tax reform package at the end of april. Reporter while trump himself defends former critic paul ryan, a key player in ensuring the success of his agenda on the hill. Ive come to appreciate him. You know, honestly, he is like a fine wine. Every day goes by, i get to appreciate his genius more and more. If he ever goes against me, im not going to say that, okay. Reporter trump is doing defense work of his own, using his thank you tour to defend his pick for secretary of state. Exxonmobil ceo rex tillerson. Rex is friendly with many of the leaders in the world that we dont get along with. Reporter now, as for those concerns about rex tillerson, among some on the hill, Donald Trumps transition advisers are certain that once senator meet with the candidate theyll change their tune and ultimately vote in support of him. Well see if he passes through the senate with flying colors, jake. Sara murray, thank you so much. Lets turn to a republican senator serving on Homeland Security and Foreign Relations committees. Senator ron johnson from wisconsin joins me now. Senator, thank you for being here and congratulations on your reelection. Jake, appreciate that. Many of your republican colleagues plan to review russias attempts to influence the u. S. President ial election. Will the committee you run, the Homeland Security committee, undertake a similar review . Well, i am actually heahead the curve. We have held a number of hearings on russian interference, their propaganda and disinformation. Techniques. And we have known this for quite some time. Theyre meant to destabilize. Theyre meant to sow confusion. This is all well known before the election. I am happy to gain more information. Leader mcconnell said if there is a formal investigation it will probably occur in the Intelligence Community because it will deal with sources and methods of information. I have not heard new information. I was one of the original 12 members in the first briefing in september. And really, the conclusion on that was that the administration was saying that russia will not be able to effeaffect the outcoy hacking into election machines and we were supposed to calm people down and offer the services of the department of Homeland Security to any state asking for it. I am not sure why this has all become politicized. In october the Intelligence Committee put out a statement saying they are confident that the russian government directed the compromises of emails from persons and institutions including from u. S. Political organizations. So i know its not new that russia has tried to sow doubts in institutions throughout europe, tried to influence elections throughout the world. But this would be the first time that they did so successfully in the United States. That must concern you. It certainly does. I dont want anybody interfering in u. S. Elections. But what really concerns me about russian cyber activity is, for example, their cyberattacks, we believe, that shut down ukraines electrical grid. These are very serious matters. I am very worried of russia. I think president obamas Foreign Policy toward russia has been a disaster. And my guess is that president elect trump and his secretary of state nominee will view the world as it is from a realistic standpoint and start dealing with russia from a position of strength rather than weakness. Well, i am confused as to why you think that. I understand youre critical of president obama and his position towards russia, but have you ever heard donald trump say anything critical about Vladimir Putin or russia, ever . What i have heard him say is he wants to strengthen our economy, stop hollowing our military and he wants to defeat isis and secure our borders. Thats operating from more a position of strength. President obamas strategy peace through a drought, has been a miserable failure. Ill give the president elects nominees the benefit of the doubt. I look forward to meeting mr. Tillerson and the confirmation hearings and look forward to an administration focusing on reducing Regulatory Burden and having a competitive tax system and turning the economy around. The president elect hasnt even been willing to criticize russia when he was told that Vladimir Putin is thought to have been behind murders of political opponents and journalists. The president elect said he hadnt seen any evidence to that effect. I have never heard him criticize Vladimir Putin, ever, and i understand what youre saying about the United States being in a position of strength, but why do you think that he is ever going to be willing to take on Vladimir Putin if he has never disagreed with Vladimir Putin on anything . Again, i can only speak for myself. I have criticized Vladimir Putin repeatedly. And weve held hearings on this. Certainly Vladimir Putin, we need to be very wary of him and his aggression, whether its crimea, ukraine, syria, the baltic states. Again, my guess is that, once donald trump assumes the presidency, hell get all the information and he should be very wary of russia. He should be very wary of russia, but to be clear, when i asked you if you could name one think that donald trump ever said critical of Vladimir Putin, i didnt hear an answer. I am not on encyclopedia of what statements hes made. Congratulations on your reelection victory. Have a merry christmas. This was the week donald trump was supposed to explain how he would wall off his businesses from his presidency. That news conference, of course, will not happen for a while. But what is happening is a new dustup over his new hotel in washington. That story next. My budget used to be a real downer. Especially around the holidays. But thanks to fingerhut. Com, we can shop over 700,000 items from brands like samsung, kitchenaid and lego. All with low monthly payments. Welcome back to the lead. Sticking with politics. The latest installment of our conflict of interest watch, in which we keep tabs on the president elects attempts to retain his vast Global Business empire without raising any ethical or legal concerns. President elect trump postponed an announcement until next month about how he would wall himself off from his businesses. In the meantime, we are learning more about potential conflicts of interest surrounding his washington, d. C. , trump hotel. Cnn political reporter manu raju is live outside the trump hotel. Manu, the hotel has raised persistent questions about influence, about diplomats from other countries, hiring the hotel to gain and curry favor with the president. Whats new today . Reporter today, jake, democrats in the house releasing a letter detailing private conversations that they had with a federal official who said that donald trump cannot have an ownership stake in this hotel behind me, or he could be in breach of his contract. Today also, jake, trumps team pushing back on those claims. And republicans on capitol hill staying quiet. Donald trump has never been shy to tout his luxury hotel in washingtons Old Post Office pavilion. A magnificent place at that. Reporter but as president , trump now could be forced to give up his ownership stake in the hotel or be in breach of his deal. Thats because trump is renting the property from the federal government, which wrote into its contract with trump that no elected official of the government of the United States shall be admitted to any share or part of this lease. House democrats said wednesday that a top official of the General Services administration which administers the lease privately told them this month that donald trump must divest himself of all ownership interest and managerial control. I care about the 60year lease for president elect trumps new luxury hotel here in washington, d. C. , that will be breached the moment he steps into the oval office unless he completely divests his ownership interest. Reporter but a spokesperson for the federal agency said in a statement to cnn that we can make no definitive statement at this time about what would constitute a breach in the agreement, until trump indicates his intentions. Trump officials said that the president elect is undergoing an extensive review of his real estate empire, including how hell handle the hotel located steps from the white house. Plans they originally promised to explain tomorrow but now say theyll explain in january. We are sitting down with lawyers and accountants and making sure that its Crystal Clear so that he can focus on this. He doesnt have to do this. The law is clear he doesnt have a conflict of interest. Reporter but the office of government ethics recently tweeted at the president elect, writing, bravo. The only way to resolve these conflicts of interest is to divest. Trump has said that he would hand over his businesses to his two sons. Don jr. And eric. But he has not said if he would fully divest his own stake in his company. Trumps sons have been heavily involved in his efforts to select a cabinet, and if the sons take ownership of the trump hotel, they will be negotiating directly with the gsa, an agency that has to report to their father. Now, jake, the question is also what does ivanka trump do, because she was heavily involved with the trump hotel, and were not quite clear if she will also separate herself from the hotel going forward. Because as we know, jake, shell also take some advisory role in the president in the white house. So that will also raise conflict of interest questions as well. Manu raju, thank you so much. The president elect says both of his adult sons will run his businesses but donald jr. And eric trump both seem to be heavily involved still in the transition process, even attending todays tech leaders meeting. Is there enough separation there . Buses sitting empty instead of carrying the stick, starving and wounded while the ceasefire in syria fails to take hold. Whats next for aleppo and for the thousands of people still trapped there . Stay with us. So she makes her pie crust from scratch. And sprinkles on brown sugar streusel. So that you can spend more time making special moments. With your family. Marie callenders. Its time to savor. Welcome back to the lead. Staying with politics. Bringing in my panel. Mollie hemingway, Senior Editor at the federalist. Heidi and glen rush from politico. Glen, i know people dont care too much about the press. Yes. And our needs and our wants and what we think we do oh, we have needs so does everybody else, jake. I want to ask you one thing and then we can move on. Listen to what president elects incoming chief of staff, reince priebus, had to say about possible changes to the press operation in the administration. I think that its important that we look at all of those traditions that are great but quite frankly, as you know, dont really make news and are just no. Its horrible. Boring episodes. Even looking at things like the daily, you know, the Daily White House briefing from the press secretary. I mean, theres a lot of different ways that things can be done. I will say, as a former white house correspondent, i was there during the first term of the Obama Administration. I found it an incredibly important way to bring issues that were uncomfortable for the administration to light and force them to respond. I remember. You were in the front row always blocking me. Look, here is the thing that people dont know. Dirty little secret about the inhouse White House Press. It advantages the administration more, i think, than it advantages a lot of the reporters. Having a ready outlet for them to get their opinions across. I think it is just as good for them. If they want to do this they can try it. See how it works. Heidi. Let me ask you questions about the roles of the trump sons who were told we dont know exactly what the wall that will be built between the president elect and his businesses is going to be. The suggestion has been eric and don jr. Will run the businesses and there will be this wall. We know don jr. Was involved in the interview process for secretary of the interior. A big out doorsman and that eric was in some of the meetings when it comes to secretary of state. That doesnt seem to be much of a separation. It really calls into question whether there will be a wall and how you construct such a wall when the trump family is also interconnected in this business. And does it really pass the plausibility test that hes not going to discuss his business with his children. Lets assume they find some way to construct this wall. It does not take away the fundamental problem with conflict of interest, which is ownership. Regardless of whether they have a wall and they discuss things or dont, the money is still going into trumps pocket. In particular there are domestic conflicts of interest and foreign conflicts of interest. The foreign conflicts of interest become problematic because you have diplomats openly opining about how they can use the Trump Properties to try to curry favor with the president. May not work, but there will be a lot of people who try to do things and have conversations that they shouldnt be having and things they shouldnt be doing. Let me ask you about