But first, adam shapiro picked a pretty good day to go down to the New York Stock Exchange to do some reporting. This is a big one, adam. What drove it . Reporter you could get a thousand different answers, traders were talking about very big program buys, one for one billion dollars for s p futures. That was part of it. You saw the dow transports, they are up tremendously. Some think that is real legs to the trump bump and trump rally. Bottom line it is expensive market you but it didnt stop. We hit records. Home depot up 3. 2 . Nike up 3. 2 . Ibm up 3 . American express up almost 3 . This will be the by the way the 12th record close for the dow since the election. 21st record close in 2016. Some of the losers today, we cant ignore them, pharmaceuticals. Johnson johnson off 1. 2 . America down 3 4 of a percent. Eli lilly down almost a full president. That is because president elect trump was quoted in Time Magazine, he was named time person. Year. He thinks prices are too high. He promises to lower drug prices. Back to you. Melissa thank you, adam. Oil tumbling down more than 2 . We saw a surprise drop in weekly inventories that should have sent Prices Higher but they did not. How come . Basically where we look at oil prices in cushing oklahoma, prices actually rose. There was a little bit of offsetting effect that the headline number was down but oklahoma was up. That offset the bullishness. The selloff today is concerns about this opecnonopec accord. The word came out that both russia and oman are on board. They are going to adhere to production cuts. The problem the other 14 countries that are at this nonopec, will show up on saturday. So far will not commit to any production cuts. So there seems to be a little bit of concern russia and oman cant use persuasion to get nonopec countries to cut production, that the whole deal would fall apart. A lot of producers were talking about, some of the production is not that large anyway. So it wont take that much of a production cut. Some production like mexico will fall 10 any l anyway. That is a little bit after concern. Time to take profits. Back to you. Melissa there is brave tack after the meeting when everyone gets together. Well see. Connell. Connell talk more about the major average, red hot. Melissa look at that connell election, 6 on the dow. Melissa amazing. Connell s p which is a broader measure, 4 1 2 . Nasdaq four. Russell melissa look at that connell smaller stocks, 12 1 2 since the strump win. Were joined by jonathan hoenig, capitalist pig hedge fund. Fox news contributor. Get jonathans take on the trump bump. Shelby is here from the journal. Guys, who is taking this bet . The 20,000 on the dow by the end of the year, like 20,000, for the holidays, you know what i mean . Way things are going, yeah, why not . Connell jonathan, do you think it is going to happen . The trends tend to persist. This was a bull market before trump was elected. It has been more expandable market up 300 points. 20,000, what is in a number . Statistically not too far away. Connell you saw 700 new 52week highs and maybe only 70 new 52 week lows. Best indication this bull market rolls on. Connell it can roll on, shelby, as liz was talking at end of her show about valuations, look at the that line at the end of the dow chart, you can continue to go up this much at this type of a pace or are we getting ahead of ourselves here . The big question, how will the market absorb a coming rate hike . Is that something baked in . Is that something investors are putting in. A lot of policies investor reacting to have not been put in place yet. Trump right now has to put miss honey where his mouth is and prove his policies will be good for business. A big question mark is limited. Connell he actually, on personal level missed out on this. He missed the stocks. He sold them in june. Connell what about stainability, jonathan, before we move to another topic of this trump rally if it is that . We know it is great now. Is this a longterm stock marketfriendly presidency, do you think . Well, i think, unfortunately with president elect trump it depends. Connell, one. Sectors not participating today for example was pharmaceuticals after Donald Trumps quote about believing that they make too much money. Same thing with biotech. We saw similar price action with Hillary Clinton. Big winner under the Trump Presidency so far is trump related stocks. Goldman sachs is up 30 . Apple is slack. Thats the big story. Connell that is the thing. Shelby, you wonder whether or not it is just being driven by to some extent optimism i guess about a change in the Political Landscape versus fundamentals of american companies, or maybe we needed to let the companies be unleashed and this is part of it . I dont know. Part of it is unleashing. Lower taxes and decreased regulations are huge for businesses. But at same time trump is touting probusiness policies, at same time singling out Certain Companies and singling out certain industries. He hasnt laid out policies for the 35 tariff he will charge at border. Or who he would exactly charge. Yes were seeing a big rally. Seeing people react to the overall concepts of probusiness policies. We dont know. There are a lot of questions remain. Melissa president elect donald trump scheduled a tech roundtable meeting for january 14th. Inviting peter thiel, a lonely staunch trump supporter. You remember that. He will play a role mending wounds between the tech ceos and president elect. Jonathan, talk about people who have been on his hit list and apple has been flat. Apple has taken a lot of flak from him, whether related how they didnt help in the investigation into various terror suspects or in san bernanadino or his criticism of their offshoring. Now foxconn is looking doing production here. He is very tenuous relationship with tech. I wonder who they will send to this roundtable . Why does the president have a hit list of American Business owners . Liz, that is a little headscratching, he said on sunday weekend shows he will intervene on daytoday basis when it comes to american companies. Unfortunately we have new political risk. Used to be regulation from the democrats. Now almost a tweet risk. Will your company be on the president s i dont know, you know what it rhymes with. Companies on his list when you wake up because one errant tweet can send your stock tumbling. Melissa shelby, i dont know. I think its a little bit more thoughtful than that he is sending a message. He is sending tone from the top. Listen there are carrots and there are sticks. I understand business. I understand the cost of doing business. I want you to do business here. I will make the environment better but you have to work with me. I mean i think thats what he is saying. Wouldnt they be smart to come to the table and hear what he has to say and tell him what they need in order to make business more profitable here . Yeah. It will be very interesting to hear what they talk about and who actually shows up. As a matter of fact who doesnt show up might be just as telling but, we know that he sent out this invitation. We dont know exactly who is on the guest list. Regardless, Tech Companies will want to have Donald Trumps ear when it comes to things like robotics or putting Autonomous Vehicles on the road. They want to talk about immigration, h1b visas. That huge for Tech Companies. Donald trump attacked a lot of tech policies which is why peter thiel was only one that showed up for him. Connell relationship between business and politics, the time warnerat t hearing today with a lot of people watching in washington with the ceos getting grilled as you might expect but they stood firm in defense of their proposed merger. Watch this. If you put our two companies together, the combined market cap, depending on day you look at the market is 300, 350 billion. As we talk about size and significance of size in a deal like this we have to recalibrate what size means in this new world. Were half the size of most of the Companies Providing competitive threat to our core businesses today. Connell jonathan, what do you make of that argument, a, and, shaking your head already, what do you think of deal given criticisms we heard of president elect trump . I think the criticisms are what is frustrating me. Deals are something that the private sector does, not something the government is involved doing, certainly not blessing deals. Antitrust law, it is impossible to be profreedom and proantitrusts because antitrust law is micromanaging of the economy by any other name. It is totalitarian, not objective why i believe president elect trump loves it. Connell fair enough for now. Well come back to the topic and some others. Good stuff, by the way, jonathan, as always. Shelby appreciate it. Thanks. Melissa donald trump already proving he is the master of the art of the deal. Former head of the Cftc Bart Chilton said he was pessimistic on trumps ability to get stuff done but not anymore. He joins us in a fox business exclusive. Connell three more names announced to join the trump team. Well look at who they are and what they will bring to the potential roles. Melissa highprofile meeting continue at trump tower. Speaking with outspoken democratic mayor, rahm emanuel as he fends off criticism of a divided america. I didnt divide them. Theyre divided now. There is a lot of division. 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Youre stuck, watching spinning wheels and progress bars until someone else scoops your story. Switch to comcast business. With highspeed internet up to 10 gigabits per second. You wouldnt pick a slow race car. Then why settle for slow internet . Comcast business. Built for speed. Built for business. Me tower, restaurant ceo andy puzder and chicago mayor rahm emanuel stopping by for meetings today. Meanwhile, barry switzer, former Dallas Cowboys coach, i said that wrong, switzer, i got it, thank you, joking with reporters he is running for quote secretary of offense. That is a good one. Fox businesss blake burman on the scene with the latest. Blake . Reporter switzer did have some phenomenal oklahoma teams. I dont know if he would be the secretary of offense but one heck of a coach. Lets talk about though, what just came in here in the last few minutes and that being a senior transition aide telling fox that mr. Trump, the president elect, has settled on his pick to head the Environmental Protection agency. That being scott pruitt. Pruitt is the attorney general of oklahoma. This is one that will likely be talked about on both sides as climate change, that issue certainly gets heated and passionate. Pruitt for the most part has been against just about most everything that president obama and his administration tried to put into place as it relates to climate change. For example he has called on the Paris Agreement to be canceled. The department of Homeland Security is another position that is one, that appears to be coming into focus at least. Fox newss Jennifer Griffin spoken to retired fourstar general john kelly, who told jennifer he has been offered the job to become the next secretary of the department of Homeland Security. Kelly was in the military for some four plus decades. At one point he was in charge of southern command, basically put him in control of south america, central america, the caribbean. That announcement has not yet been made official even though kelly was offered the job. He said it would be an honor. The one made official today, came within the last hour, u. S. Ambassador to china. That going to the Iowa Governor, terry branstad. Might seem out of left field. The Iowa Governor the chinese ambassadorship. However branstad has a very deep relationship with the chinese president xi, they have been acquaintances 30 years. That is official. Tweets and comments out of here from the trump tower and campaign trail from mr. Trump as it related to china. Branstad and xi are friends. It should make for fascinating diploma sy, melissa. Melissa well talk about general john kelly later in the show. Lots to talk about, blake, thanks for updating us. We appreciate it. Connell. Connell Time Magazine honoring him as its person of the year but that honor did not come without mr. Trump being called out as being the president of the divided states of america . That is on the cover. So that is a shot . Sabrina schaffer joins us independent womens director and richard fowler, syndicated radio show host and fox news contributor. Is it a shot, is sabrina . That is accurate depiction what is happening in the country. I hope some of the rifts will be closed as we talk about sensible policies that will unite americans through greater opportunity and job creation, economic growth. And i think if you read the article and sort of looks back at all of the candidates who are talking about this problem, who are in fact maybe encouraging it. We have to remember that over the last eight years president obama has done a lot to pit americans against one another. I think that is what were sort of now seeing in sharp relief today. Connell heres what the president elect when he was on the today show this morning had to say about this, that idea you were talking about, the divided states. Here he is. I think putting divided is snarky but again, its divided, im not president yet. So i didnt do anything to divide. I will say this, i have now gotten to know president obama. I really like him. Connell so that does bring up a larger point, richard. You know, you could go back and forth whether he did something to divide it or not but his point about getting to know and like president obama, he went on to say he has spoken to the current president , even consulted him about some of these cabinet selections. What do you think of that . Well, i think that is smart move by donald trump. If he really wants to bring this country together, president elect trump will have to appoint individuals speak not to the right america, not to the left america but entire United States of america. Now one of those picks seem to pointing that way, a lot of them arent, the pick of hhs secretary kelly which you guys talk about later in the show. He is somebody who is sensible, that believes we have, believes drugs is not criminal problem but a Public Health problem. He is one pick. But on other hand, picks like betsy devos which is absolute opposite of that. What trump has to do, string of very, very tough needle, right. Connell right. Trying to find candidates or appoint ayes that speak to all americans appointees. You remember this one thing, Hillary Clinton did win popular vote even donald trump won electoral college. Connell this is coming in, rumored being made official, sabrina, mr. Trump intends to nominate linda mcmahon, formerly of the wwe, to serve as administrator of the Small Business administration. So, what do you think of that . I actually think that is really interesting. This is a woman who is in charge of the World Wrestling foundation, made a run for senate herself and developed a big name for herself. I think it is great to see some strong women with sort of libertyminded principles. Sort of at the helm. Goes to Richards Point