What mayor de blasio told trump in the meeting. Media giant revealing sounded even more flawed measurements, what it means to the relationships and publishers. All eyes on Federal Reserve today. Janet yellen heads to capitol hill. She will face questions over Interest Rates and Central Banks relationship with the Incoming Trump administration. We will watching the testimony. Futures look like this. We are expecting a fractional gain at the opening of trade this morning after weakness yesterday. The dow industrial expected to be up 20 points today. In europe mixed performances. You see the ftse up 25 points. Onethird of 1 . The dax index in germany down a fraction. Japan central bank to buy unlimited amount of government bonds at mixed rates. First time they want to keep a lid on rising yield. Holiday shopping frenzy has begun. Spending expect today rise this year. We have the stories coming up. All the stories and joining me to talk about it National Review reporter cat is here and republican strategist and Fox News Contributor, tony. Good to see you. Maria thanks for joining us, steve. A lot of conversation about the Transition Team in the Trump Administration. I guess the meetings go on and we wont know until we hear specific from themes but theres a lot of conversation going on in terms of treasury secretary, secretary of state. Whats your take . Great move is to put mike pence in charge of it. He understands the talent pool thats available to president elect trump and his administration. So, look, we have a bunch of who are going to be considered, go through a serious vetting process and ultimately youll see the most dynamic cabinet picks you have seen in a long time. Donald trump is a businessman, he comes to this white house job with the only experience he had in his entire life, business management. Thats the discussionmaking youre going to see reflected in the picks. I dont understand the anker of whats taking so long. Maria its not taking that long it takes time and people would be more angry if he rushed through it. If hes not confident in the decision, wait a little bit. Maria i agree with you a little bit. Maria he doesnt want to job and name keeps coming up thinking hes a front runner for the treasury job, we will talk about that this morning. The other thing i find ridiculous the media handling. Particularly the New York Times they ran Campaign Story about draining the swamp and lobbyist in transition people. He brings pence who kicks out the lobbyist and front age says chaos. They are looking for any reason maria i dont think its chaos at all. We will talk about this morning. Joining me to talk about it assistant secretary niel is with us and retired four star general jack keen is here. Congressman sean duffy. Vice president elect mike pence is headed to capitol hill today to talk with members of congress, speculation is swirling about who will be in trumps administration. You dont form a federal government overnight and these are very serious issues and considerations, we are pretty much on track on where other administrations have been definitely internally on vetting candidates and thinking through and interviewing different people and that will just continue. Thats not the kind of thing to rush through. No administration is ready on day one, we werent ready on day, ive never met one thats ready on day one. When im confident on day one everything will be in good hands and maria now, trumps social also being considered for a Top White House position joining us now democratic strategist evangeline gomez. Let me kick it off with you, your reaction to what we are hearing in terms of the trump transition and new administration being put together . Well, we are hearing that governor nikki haley is one of the choices for secretary of state which im all for women being a part of the administration. She seems like a pretty good pick, someone solid, in regard to Garrett Kushner theyve going to see pushback from the democrats. You have a law and you may seem glurve grumbling. Wasnt hillary going to put bill . Maria hes the Senior Adviser but does that create a conflict, on the ji . I could understand the pushback, nobody wants the white house to be a family business. Understood. Its clear Garrett Kushner throughout campaign was a major positive. He restructured after iowa caucus. Clearly hes somebody that has the complete faith and confidence of the future president. In that regard you cant disregard him because hes a family member. There are laws that they will abide by. Maria what do you think about that. Hillary clinton spoke for the First Time Since concession speech last night and made candid remarks, i want to get your reaction. Coming here tonight wasnt the easiest things for me. There have been a few times this week when all i wanted to do is curl up with a good book and my dogs and never come out again. This is a place where anyone can beat the odds. Maria giana are you surprised by the remarks . Not particularly, first and foremost in the segment you just mentioned. Moving on, though, in terms of Hillary Clinton im not surprised by what she said. I appreciate her words on some of her points and saying that we all must come together and campaign slogan, stronger together, we must all Work Together to make sure we have the country on the right track and support donald trump, president elect and make sure that theres people in places in these particular roles that we can have the betterman of our country and thats what we should be saying and president obama should be saying and Bernie Sanders should be saying, to some degree we havent heard a lot of that because as president obama said, im going to give you two weeks to mope around which he shouldnt say and encouraging, we should have leadership throughout the country because its not about being a democrat or republican anymore. Its about being an american and we must Work Together to make sure that we have a strong country for everybody as mr. Trump mentioned throughout campaign. Maria first time we heard from her after concession speech . The concession speech was gracious. For me the interesting aspect, when i was watching it, i thought, i wonder if shes given up her dream. Maria do you think shell be back in four years. I dont think so. I dont think time is on her side. Theres something in her. The very resilience and she was talking about keep going and keep fighting for what you believe in. I dont see her running for president again. Joked that if she got elect that had she would go away and if she didnt get elected, she would be running. [laughter] if you go by that measure youre going to have that. Her tone was good and the problem you see this in mayor de blasio yesterday. Hes encouraging protestors, hes encouraging people to take to the streets. This is a very unconstructive way to move our country forward and we just got an election where a lot of people had a chance to vote and the reality of the matter thats the ultimate verdict so we have to as a country heal around that verdict and move forward and be strong e together. Wasnt that the quote of Hillary Clinton . Yes, it was. There are people who are legitimately scared, they are frightened. Maria what are they frightened about . They are scared the rhetoric will become action under the Trump Administration. And they are valid concerns. Maria one of the issues that came up yesterday and bill de blasio had a meeting at trump tower yesterday and hes refusing to comply with trumps deportation policy ideas. De blasio defended new york sanctuary city status, listen to this. When an undocumented person witnesses a crime or victim of a crime you dont want them unable to go to police because they fears deportations. What Law Enforcement will tell you, we will be creating a whole new problem if we create mass deportation. Whats the answer . [laughter] great, question, maria. I think youre going to see this settled in the Supreme Court of the United States. I think the municipalities are going to hold strong to their laws and i think the federal government is going to say this is our directive and this is what we want you to do and its going to be settled in Supreme Court. Youll have taxpayers upset and its going to be a big issue. I believe in local government. I think in many ways our government is too centralized but some aspects of policy that make no sense unless they are handled in national level. Its not a mayors job. Makes no sense. Maria de blasio and Rahm Emmanuel say they will just ignore the rule of law. Thank you so much. Facebook may have been stretching the truth, the consequences of the new metrics overstate today advertisers. Thats next. More americans will be giving thanks by hitting the road next week. What to expect when you read home for the holidays . Back in a moment oot and lighthd i take to the open road. Healthy, free, the world before me, the long brown path before me leading wherever i choose. The east and the west are mine. The north and the south are mine. All seems beautiful to me. Maria welcome back, ring leader of terrorist will be spent behind bars. Cheryl a federal judge handed down sentence and despite tearful apology, 22yearold longest sentenced of 9 defendants plan to go traveling to syria to fight for isis and judge also sentenced others to 30 years in prison yesterday. Remember back in june to support Material Support to a foreign terrorist and conspiracy to commit murder outside the United States. They misreported numbers to marketing clients. The company says that several bugs led to issues like duplicated page views and average time spent reading articles. However, the problems didnt range advertising rates for clients. News comes just months after facebook revealed it overstated the average time users spent viewing videos. Holiday spending this year, forecasting 19 rise in sales instead of braving the crowds, more americans plan to shop online this year with experts predicting 11 drive in those sales. Plenty of shoppers still prefer to do things the oldfashion way. 17 of Holiday Spending is dont online. Still, i guess, online is now the no, norm. 49 people are going to head home for the holidays this year with plans to travel 50 miles or more all from triple a. A million more from last year. If youre driving get on your patient hats. 90 of those that are going to travel are going to drive instead of fly. Good luck to all of you on the road. Back to you. Maria itll be crowded. Thanks, cheryl. Janet yellen heading to capitol hill today First Time Since trumps relation. Plus oxford dictionary defining politics, how its using the word of the year to add to your vocabulary, back in a minute how was your commute . Good. Yours . Good. Xerox real time analytics make transit systems run more smoothly. 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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. Ways wins. Especially in my business. With slow internet from the phone company, you cant keep up. 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. Maria welcome back, a busy week for the Federal Reserve. Janet yellen heading to capitol hill today to it have before Congress Joint Economic committee where she will be grilled on economy and election. Joining me assistant secretary of treasury niel. God good to see you, maria. Maria what do you think we are going the see in terms of the conversation . I think its a wideranging conversa the economy and Interest Rates and discussion of Financial Regulation thats been in the news. Im hopefully part of the conversation in help to go shape where we are going from regulatory standpoint but everything is on the table. Maria i want to talk about that. Yesterday you spoke about the Economic Club what your plan lays out a blueprint for ending too big to fail banks and you have spoken about this quite a bit. With the new administration we will see an end to too big to fail at this point . I hope so. I hope its not a partisan issue. I heard from congressmen and congresswoman from both sides of the aisle. Weve now got a 67 chance today of another financial crisis in the next century and another bailout. I think thats way too high. Our plan can drive that to as low as 9 and the economy will be better off in the long run. Maria your plan requires the incoming treasury to certify that a bank does not pose Systematic Risk to the financial system. Seems like that would make sense, obviously. Why is this so crucial to the proposal and how they will certify such a thing. Today theres no time limit, banks can enjoy their implicit status of being too big to fail potentially indefinitely. We will pit a hard deadline, either youre not too big to fail or ratchet up requirements so you do not fail. Maria i had bryan on the show, and what jamie diamond, the largest of the banks there, and maybe connected the most was that you want a large bank because you want an institution to be able to handle complex transactions. Lets say ibm needs a lending instrument that may be complex or different than a smaller company. You want to be able to go to a Large Institution to do so. Whats the pushback on that . Thats fine. The economies of scale and scope that jamie is talking about, he should be able to afford capitol requirements, if the company is better off, he can afford to hold enough capitol that the rest of the economy is not at risk. If he cant, business is not at work and thats not a Public Policy problem. Maria its okay to be too big to fail as long as you have capital . Exactly. We dont ban nuclear power, regulate them so much they virtually can fail. Maria participate we will see about this because trump has been clear, he wants to roll back regulations as part of economic plan and part of that is actually unraveling doddfrank. Does that go right into the face of what youre saying in terms of too big to fail and ending that . Well, the details matter. We need to address the biggest banks and the risk to the economy. You address that, then you can relax regulation on the small banks that are not systemically risky. Theres Common Ground across party lines on this. Maria isnt it true that over the last six or eight years lending has been slowed, coming out of worst financial crisis in generation, but lending has slowed. One of the questions that we have at central bank is why investments have gone down, lack of confidence, maybe projects that are less attractive than they had been in the past, that is a key factor. But its not because Interest Rates are high. We got everything we can to keep Interest Rates low to spur lending, there maybe other headwinds in the economy. Maria do you think higher rates are justified . Im pleasantly surprised how the markets have moved a week or so ago. If the economy is feeling more confident about the future and it is going to lead to more investment and play lead to higher inflation, that would justify higher Interest Rates but we need to see data come out. Maria so much criticism that the fed has kept rates at way too levels and everybody is expecting a hike at the december 14 meeting. We will see. Im looking at Inflation Expectations and the headline unemployment rate. The economy has created a lot of jobs over the last few years, it has not yet been inflationary. Thats been a good thing. Putting back americans back to work. We dont want to cut that prematurely. Maria take us behind a bit on treasury and its an important job that donald trump is going to be filling for his treasury secretary. Yesterday a lot of speculation among those reporting that jamie dimannd is front runner and steve mnuich. What do you think like a diamond becoming secretary . Does he want a cob net of strong leaders or not and he needs to do soul searches because some president s wants more that are there more than bitting. I think President Trump needs to decide for himself, what sort of person he wants there. Jamie