Wall street on how donald trump will shape and deal with business, energy, foreign policy, diplomacy. President elect trump outliningg to the how he plans to eliminate conflicts of interest of his role running a successful corporation, to overseeing the operation of the entire federal government. In that sweeping News Conference, trump also announced his new Veterans Affairs secretary pick. He provided a timeline for a Supreme Court nominee. But right at top of it, he dismissed a new salacious report about him and he admitted that russia hacked the dnc. Now one thing he said immediately moved the markets. Dow jones industrial average was within 27 points of dow 20,000 before trump pretty much murdered an entire sector, the word murder came from him. The sector he buried six feet under, they charge the post tooo much of your money. Wee talk about that in a second. Secretary of state nominee Rex Tillerson still on capitol hill in hour five, testifying about everything from his relationship to Vladmir Putin and his views on Climate Change. Former u. S. Ambassador from qatar here to talk tillerson. President obamas former white house special counsel why he says donald trump did not go far enough to isolate himself from his vast business holdings. Were less than an hour to the closing bell. Lets start the countdown. Liz with the dow up 63 points we were so close to the neverbeforeseen dow 20,000 level then it happened. Were putting up intraday chart. 11 20 a. M. Eastern President Trump took the stageor his First Press Conference as president elect. Markets nosedived, plumbing 106 points in less than 20 minutes. Well tell you which stocks swamped the dow, swamped s p and fell victim to mr. Trump. Look at names celebrating what he talked about. Shares of Cybersecurity Companies jumping after mr. Trump admitted that the u. S. Has been hacked by russia and also china. He plans to tackle hacking defense as soon as he takes office. He says we dont do nearly enough. We need to do more. Speaking of jumping higher, the nasdaq staging quite a comeback. On track for record close. If you own tech stocks you are making money. Up one point is all it takes. Anything can happen in the final hour of trade. Im glad youre saying with me. A lot of news here. I will weave it through to you. Donald trumps first News Conference in 168 days he did not hold back. When we talk about what the president elect actually said, he faced a flury of questions how he plans to separate himself from his massive Business Empire but he did detail you how he will not include the word divest. He will instead turn over all operations to a trust that is controlled by his oldest sons, and a long time soot. He addressed issue of fake news. A Connell Mcshane at trump tower, definitely not your average president ial News Conference here port oh, i dont, liz, this may be the new normal. I dont know about that. Mr. Trump in no Uncertain Terms denied reports out there that russia may have obtained compromising information about him, even attacked two news organizations by name have been putting reports out. Buzzfeed he referred to as a pile of garbage at one stage. Cnn he refused to answer questions shouted by their correspondent sitting in front row of me at trump towers. You mentioned about the story being quote, unquote fake news. There is one important point to make on russia, mr. Trump for the first time publicly conceded it was likely russia behind the hacks of the Democratic National committee. Then he added this. Russia will have much greater respect for our country when im leading it than when other people have led it. 22 million accounts were hacked in this country by china. And that is because we have no defense. That is because were run by people that dont know what theyre doing. I hope, maybe it wont happen, it is possible, but i wont be giving a little reset button like hillary. Press this please of plastic. Guy looked at her like what is she doing . There is no reset button. Alongr were not. Reporter trump went on to make headlines on a couple of other subjects we have not referenced yet. One would be obamacare. Look for repeal and replace plan to happen, he put it almost simultaneously. The other Supreme Court nominee, mr. Trump said look to his pick for the next justice of the Supreme Court within the first two weeks after his inauguration on the 20th. Liz connell, thank you very much. Listen, we need to keep gging dipping back into this hearing on capitol hill. That is Rex Tillerson, secretary of state candidate. Donald trump want him in there. He is the former ceo of exxon news. All day long it has been absolutely fascinating. These things tend not to be fascinating, talking about Climate Change where he said it is real. There is a risk of Climate Change, whether he will be tough on russia. The former exxonmobil ceo Rex Tillerson now counted in its sixth hour of the Senate Confirmation hearing right now. He is being questioned by democratic senator from new jersey, bob menendez. Senator johnson is there too asking some questions. Peter barnes in washington, d. C. What are they talking about right now, peter . Reporter liz, youre right all about that. A lot of news about this tillerson hearing. He was dip low mastic and forceful about his past ties to russia while at exxonmobil. Whether he will have conflicts with russia. I have no reservation from my clean break from private sector life. It was wonderful 41 1 2 year career. Im extraordinarily proud of it. I learned an awful lot. Im at completely different responsibility. My love of country and my patriotism i serve no ones interest but that of the American People in advancing our own national security. Reporter a lot of russia, russia, russia questions. He said the u. S. Needs to move russia from being an adversary, a lot of the time to being a partner at times. He also said it is important to keep the status quo on russian sanctions until the new administration develops its approach to russia. You heard the president elector talk about that. And on the russian hacks of u. S. Computers particularly the democratic emails, tillerson said it is a fair chum shaun this russian president Vladmir Putin was aware of those efforts. Liz . Liz you also heard him say about 19 minutes ago, this jumped out at me, he said we should have given ukraine weapons after russia moved in to snatch crimea. That is pretty stunning. It sort of turns upside down what you would think Rex Tillerson would think. Thank you, peter. Show you a picture has a lot of people questioning what is going on here. His words have been very strong against russia. Speaking of strong words, the pharmaceutical stocks need a little cpr. Drugmakers and biotechs plummeted just as president elect donald trump said, quote, pharmaceuticals are getting away with murder. Lets get to the new york stock exchange. Lori, when i heard him say that, that is Pretty Amazing too because he said theyre charging the government, that is you and me, every taxpayer too much for drugs. Ill tell you, liz, as soon as he said that, and also mentioned the f35 defense project, lockheed martin, snapped up the industries right away, drugs, biotech and defense. No surprise, leading today, despite some broader gains. Look at some of the big names. Endo pharmaceuticals, Endo International it is called, they supply branded and generic drugs, look at that, down 7 1 2 weve been talking and building up the trump rally as we watch for dow 20,000. A watched pot never boils. Not happen, session is not over yet but likely not happening today. With that said, there is another side to that trade. Drugs and biotechs are on the other side. Theyre really struggling because trump is so critical of the outrageous prices he said some of these companies are charging for their medicines and treatment. Getting away with murder, that definitely was the takeaway line. Here is having a negative effect on the comments. Bristolmyers squibb down almost 5 . Government investigation on the jacked up epipen prices. Liz, back to you. Liz 51 points before the closing bell rings. As we saw a lot of pharmaceutical stocks dive, guess what, while Donald Trumps comments drove them down, there is one that is standing out all in the green for a totally different reason. Merck leading the dow 30 right now, up a buck 45 after the fda agreed to speedy review of mercks application to do what a lot of companies are trying to do, combine one drug with another. It wants to combine its lung cancer drug with chemotherapy and maybe that therapy becomes more powerful and helpful to patients. Ford ceo mark fields was all smiles with us at the Consumer Electronics show last week in vegas as showed his selfdriving cars. No perfectly whites today, when ford announced it will be less profitable this year than last. Ford is slamming the brakes, 22 pennies to the downside at 12. 63. Were watching the secretary of state nominee Rex Tillerson decorated friend of russia, putin you see with him honoring him in this picture. During his confirmation, did tillerson strike a much tougher tone on putin. Does being putins pal disqualify him running the nations diplomatic corps no matter what he says now. Chase meyer knows how tillerson operates. He will till us if the ceo of one of the worlds biggest corporations is ready to do deals for the whole United States of america instead of for the oil business. Countdown coming back. Dont miss it. Wow, x1 has netflix . Hey, drop a beat. Show me orange is the new black wait, no, bloodline how about bojack, luke cage oh, dj tanner maybe show me lilyhammer stranger things, marseille, the fall in the same place as my basketball . Narcos, fearless, cooked the crown, marco polo, lost and found grace and frankie, hemlock grove, season one of. show me house of cards. Finally, you can now find all of netflix in the same place as all your other entertainment. On xfinity x1. Anything with a screen is a tv. Stream 130 live channels, plus 40,000 on demand tv shows and movies, all on the go. You can even download from your x1 dvr and watch it offline. Only xfinity gives you more to stream to any screen. Download the xfinity tv app today. Liz breaking news, Rex Tillerson just told the senator from new hampshire, Jeanne Shaheen he wants a clean break from exxonmobil, so there are absolutely no questions at all about his relationship as the former ceo of the oil giant. Lets dip in and listen in, it is a pretty heartfelt comment he was talking about. If youre confirmed and your Opening Statement connects radical islam to isis, and you also make the point of saying that you think its important to support muslims around the world who reject radical islam. During the last congress this Committee Heard about the importance of working with the Muslim Community in the United States to combat isis, and the domestic terrorists that have been produced as the result of isis ideology. In your view, is it helpful to suggest that, as americans, we should be afraid of muslims . No, senator, in my travels, and because of my past work ive traveled extensively in muslim countries. Not just the middle east but throughout Southeast Asia and gain ad recognition and appreciation of this great faith. That is why i made a distinction that we should support those muslims voices that reject this same radical islam that we reject. This is part of winning the war, other than on the battlefield. I mentioned we have to win it, not just on the battlefield. We have to win the war of ideas. One of our greatest allies in this war is going to be the moderate voices of muslims, people of the muslim faith, who speak from their perspective and their rejection of that representation of what is otherwise a great faith. And so, do you support restricting travel or immigration to the United States bymuslims . I think whats important is that we are able to make a judgment about the people that are coming into the country, and so, no, i do not support a blanket type rejection of any particular group of people but clearly, we have serious challenges to be able to vet people coming into the country and particularly under the current circumstances because of the instability in parts of the world that it is occurring and the massive migration thats occurred out of region and a lack of any documentation following people as they have moved through various other countries. It is a huge challenge and i dont think we can close our eyes and ignore that we have to be very cleareyed recognizing that threat and develop a means to deal with it. I agree with that, different than i think a ban on an entire religion, people of that religion. Do you support creating a National Registry for american muslims . I would need to have a lot more information around how such an approach would even be constructed, and if it were a tool for vetting then it obably extends to other people as well, other groups that are threats, to the u. S. But, that is a, it would just require much more information around how that would even be approached. And one of the things you and i discussed when we met was the special immigrant visa program that we have maintained for afghans who have helped our men and women in the military on the ground and will you support continuing that program to insure that those people who have been properly vetted, who helped our men and women, are able to come to this country when their lives are threatened in afghanistan . Special visa waiver program, its important that we protect those whose lives are truly at risk because of their efforts to assist, our American Military forces or other forces in afghanistan. I think it is also important to make the distinction, otherwise we undermine this program, risk losing it and allowing people cominging to the program not try at risk. This is the execution, this gets back following through what the intent of these programs were, and lets be very specific and execute well, and not get sloppy in the execution and start having a lot of other folks coming through the program that really dont meet that criteria. Well, thank you. I think congress has pretty narrowly focused the program. I appreciate that. Thank you. I do want to say i appreciate the fact that youre able to highlight that you know, that secretary of state shares his views, ultimately has to carry out the policies of the president or he is not successful but i think its, its good to distinguish that sometimes people have very different views and they lobby strongly for those views, and that is what were wanting to hear from, what mr. Tillersons views are on these issues and how he will attempt to persuade the administration. He may not be successful but i thank you for highlighting that just now. Senator gardiner. Thank you, mr. Chairman. Mr. Tillerson, thank you for your continued patience and participatn in this very important discussion. I would follow up with many of the discussions today on h rights issues. I was just notified that the administration has sanctioned two additional individuals in north korea under the legislation that we passed this past year, north korea sanctions act. Younger sister of commitment to the mandatory of sanctions of people that carry out human violations. Something we and administration in congress should Work Together to make sure we protect people from tyrants around the globe that would kill their own people. Mr. Tillerson you mentioned the Southeast Asia in your answer to senator shaheen. China is reclaiming islands in South China Sea, 3,000acres of land since reclamation activities progressed in 2013. Reports are they militarized some of these reclamation areas, we authored a resolution that called for the Obama Administration take a stronger and aggressive approach to the frequent of navigation operations. In july, the, the hague, the international tribunal, against china. Held they violated philippines sovereignty. What do you believe the position of the United States ought to be in the South China Sea and what more could we be doing stopping china. Weve got to take what i would call a whole of china government approach. I think part of where we struggled with china is, i mentioned, we do have important economic relationships that our economies are intertwined. But weve got to step back and look at all, all of chinas activities. The one you mentioned now, the islandbuilding in the South China Sea. The declaration of control of airspace in waters over the seku islands withjapan. Theyre both illegal actions. Theyre taking territory or declaring control of territories not rightfully chinas. The island building in South China Sea itself in many respects in my view, building islands, putting military assets on those islands is akin to russias taking of crimea. Taking of territory others lay claim to. U. S. Never taken a side in issues. What we have advocated for, that is a disputed area. Processes for dealing withhat. China should respect those international processes. As you mentioned some of their actions have been challenged in the courts in the hague and they were found to be in violati