Anxious than the american press. Mike pence is meeting with republicans and democrats and donald trump is about to have his first meeting with the world leader in just a few hours. Hes going to be sitting with japanese Prime Minister abe. All of this as the president elect sticks to his, quote, promise to drain the swamp, the Transition Team announced everyone in Trumps Administration will be barred from lobbying the government for 45 years after they leave the white house. Also coming up legendary investor, billionaire carl, one of the most successful investors in the world, he is here with what is next in our market and our economy with donald trump in the white house. He supported donald trump since the beginning, plus, we will find out whose carls money is on. Moments ago, he warned about the, quote, darker forces of nationalism. Why cant patriotism be okay to say . Why cant it be America First . What is so wrong with that . Our own blake berman is in washington with more. Hey, blake. Blake News Conference between president obama and Angela Merkel was dominated by president elect trump. One example here, when asked if he should ensure german counter part that sanctions would continue, he knows successor likely wont follow blueprint but also said he hopes the president elect does not cave into cutting bad deals either. I hope that he does not simply take a real politic approach and suggest that, you know, if we just cut some deals with russia, even if it hurts people or even if it violates International Norms or even if it leaves smaller countries vulnerable or creates longterm problems in regions like syria, that we just do whatever is convenient at the time. Blake president obama also asked about the protestors here at home taking to the streets in the the after math of election. The president did not call on them to stop, instead here was his message. I wouldnt advise them to be silent, what i would advise, what i advised before the election and continue to advise after the election is that elections matter, voting matters, organizing matters, being informed on the issues matter. Blake trish, politics is going to go through a bumpy phase but he has a confidence in the longterm prospects of democracy. Trish always tough when you see the president taking attempt to you know, criticizing, i suppose the president elect when hes an international stage. Let me ask you about Something Else thats going on in capitol hill, you have nancy pelosi about to sit down with mike pence. Nancy pelosi herself under a lot of fire, blake. Blake yeah, democrats right now well, first off, nancy pelosi had a News Conference. Hey, everything is good with me. Shes doing her job right now as leader as the democratic party. I believe this is a live shot aspens makes round in capitol hill but pelosis fate isnt so certain as she made it seem to be. Nobody has come forward per se to throw house for House Democratic leadership elections. The election has been pushed back two weeks. All smiles for nancy pelosi but theres a possibility here, trish, that pelosis job is under siege because of what happened in the house last week. They were expecting 30 seats to pick up, it was just a handful. She has her leadership post today. They will also be having those leadership elections in two weeks. We will see if anybody steps forward between now and then to see if they challenge her. Trish very interesting. The democrats are having a tough time right now. Thank you very much, blake berman. For more of all of this, development of trumps cabinet, record high on wall street, im joined by one of the worlds most successful investors of all time the guy donald trump wanted from the very beginning to be his treasury secretary carl icahn. Hey, carl. Hi, trish. Trish youre the guy that he wanted all along. I want to cut carl all along and he will be the best with china. I know you dont want to do it and you said that and made that clear. What are your thoughts on who should do it . Yeah, i think Steven Mnuchin should do it. I talked to donald on and off in the last few weeks. You know, i definitely would not do it. I never reported to anybody in my life. Its not my thing and actually, look, i think im a smart guy. I think steve is a very smart guy. I think steve at this job would do better than i would and i think he will do a capable job. Hes the real loyalists for donald, he wants to do the same program that donald wants to do, which really is to, number one, the most important thing in this country to stop the regulatory agencies from running them up, which they do. By the way, there are good regulations, there are good regulatory agencies but its just gotten completely out of hand and the effect that has and ive been saying that for a long time trish i know you have. You really dont have business investment. Trish discouraging investment. I want to get back to that in a second. Let me ask you about jamie diamon, his name is floating as potential secretary, what do you think . Personally i like diamon, but i had never thought that he would do that job or that donald was considering him. I dont think donald im not saying this because i dont really respect jamie diamon, but i think that donald is a loyal guy and hes got people around him that are very smart and they were with him. Steve mnuchin has been with him. Steve is extremely bright guy. I had dinner with him the other night and he would do a great job. Trish are you pretty certain he would be the one . Look, im not the one to pick to say to announce it, but i do believe that he will get the job, yeah, i do believe it, but again im not speaking for donald. Trish right, of course. No one speaks for donald. [laughter] trish you know, let me ask you about this regulation issue because you youve expressed a lot of concern, carl, regulation, the fact that the fed has been so aggressive, the fact that nothing can get done in washington and youve been fearful about the future, youve been fearful about the lack of growth in the economy, how do you think that changes with him in office . I think to begin with business is really afraid to invest. The average ceo, on the one hand he invests and is up against the wall which in some cases are absurd regulations such as epa, its completely insane. They want refineries to guaranty rims, to be obligated, excuse me, to be obligated to bend and, two, even if they would, the blend wall, if you will, what they demand what you must produce, double what the country can use. You have to almost a bit of alis and wonderland quality and this is why business is afraid to invest. Im a guy and i have ten companies, 15 companies. I love putting money into america. But i really love america and im reluctant in many cases to put money in and you have it with other regulatory agencies too. There are some that are better than others. Im not going to go into it out, maybe in the future. Trish you think hes going to ease that . You chase a perception. You dont want business to think that we are with government. You do have a problem in the economy. This proves it. Little island in manhattan and a few other urban centers where you have the issue as well. You really have a lot of people that are worried about their jobs, you have a lot of skilled workman in this country who cant produce, cant produce and i dont think donalds saying we should put tariffs up but we should stop trade, but he says fair trade and fair trade means that in many cases when you are dealing with some of the foreign countries, china or india, we have exports and huge tariffs and we do not demand tariffs from them and so trish in other words, who wins in that case . Global investor, the people with Capital Invest and the worker who winds up losing his or her job in the meantime is the byproduct effectively . The byproduct really is. Number one, our economy is being held at the Federal Reserve. When you have zero Interest Rates essentially, you build bubbles. You have bubbles and theyre going to blow up. In real estate thats starting to go up a little bit. In every what. Trish you brought up the fed. I want to ask you, watch this clip from this morning, fed chair janet yellen saying how shes going to work president elect trump, here she is. I was confirmed by the senate to a fouryear term which ends at the end of january of 2018 and it is fully my intention to serve out that term. Trish shes saying shes going to stick around. What are your thoughts on janet yellen and how do you think shes going to be received by donald trump in light of overly aggressive i think janet yellen has done what she could to try to hold up this economy but i think they should have raised Interest Rates a year ago. If they did that, the government would have to take on more obligation, do more fiscal stimulus, you cant have the Federal Reserve holding up the economy for this long. Thats my opinion, however trish do you think she raises in december . Well, i hope so. Im not saying it because i have any investment in that area, im not an interestrate player. I dabble in it but if anything, i didnt they would until now. I dont have a book that im pushing here. Trish i hear you. I do hope that they raise it. I think that you have to raise Interest Rates in this country or youre going to have a bubble thats going to be bad. Trish we are seeing Interest Rates go up in the news that donald trump is going to be going to the white house with the expectation of lower taxes and economic prosperity, hopefully that that would all unleash. Whats your thought on the market right now . Im looking. We are about 3 points on the dow. Hogging the flat line. We are hitting new highs, we are looking at 19,000 within sight, carl. Yeah. Trish what do you think about equities . You know, when they went down a thousand points the night it was elected, ridiculous and i bought i bought stock then. Not that im so smart at trading. Im not a trader, really. I think its ahead of itself. No one can pick the market. Its almost ridiculous. Trish they got overly optimistic and they just kind of need to wait and see . Yeah, i think so, but, you know, look, donald has to go some stuff thats going to be tough and bumps along the road. I dont think anybody would doubt that. Youre going to see bumps, youre going to see criticism and questions, but if donald does what he says which he should, youre going see that, but you have to do that and its going to be tough and the great president s were able to say, i dont give a damn what you say, im doing what i do and i hope donald surrounds himself with loyalists an gets it done. I think he has the personality and intelligence to do it. Trish you guys kind of remind me each other in some ways. In some ways. Trish i mean in a positive way. We stand up to the establishment somewhat. Trish we are going to take a quick break and we will be right back with more when youre close to the people you love, does psoriasis ever get in the way of a touching moment . If you have moderate to severe psoriasis, you can embrace the chance of completely clear skin with taltz. Taltz is proven to give you a chance at completely clear skin. With taltz, up to 90 of patients had a significant improvement of their psoriasis plaques. In fact, 4 out of 10 even achieved completely clear skin. Do not use if you are allergic to taltz. Before starting you should be checked for tuberculosis. Taltz may increase your risk of infections and lower your ability to fight them. Tell your doctor if you are being treated for an infection or have symptoms. Or if you have received a vaccine or plan to. Inflammatory bowel disease can happen with taltz. Including worsening of symptoms. Serious allergic reactions can occur. Nows your chance at completely clear skin. Just ask your doctor about taltz. Trish all right, everyone, i spoke with legendary carl icahn and take a listen to who he thinks will be the best person for treasury secretary, here he is. I would like jamie diamon but i never thought he would do that job or that donald was considering him. I dont think donald im not saying this because i dont really respect jamie diamon but i just think that donald is the loyal guy and hes got people around him that are very smart and they were with him and Steve Mnuchin was with him the whole way, but i think steve is extremely bright guy. I had dinner with him the other night and i think he would do a great job. Trish carl icahn is putting his money on Steve Mnuchin and he was saying he would be a heck of a secretary treasury. Good to see all of you, guys. Steve, i will start with you. Talk about steve mnuchi, in that he is going to be the next treasury secretary of the United States of america . My guess is hes the front runner although congressman is also on outstanding candidate and whether he ends up as treasury secretary or ally of the administration on the hill, i think hes also going to do great work to revive the economy. Either one of them would be a great choice and im so glad that mr. Icahn spoke about regulation and taxes thats preventing the economy from soaring. The very, very first headline there was iphones to be made in america again potentially. Trish i saw that. That is morning in america, trish. Its going to happen and government is going to take off the shake ls. Shackles. We are taking the vest off. Trish the American Worker has been lost out in the phase of globalization. The elites have benefited and unfortunately to a certain extent, maybe big extent, business the elites, the political elites have all effectively been in bed together and no one looking out for everyone else. Right. Everybody else ended up voting for donald trump, considered maybe to be democrats, apparently not, theyve been taken for granted, they want growth and jobs back and eteve brings up apple. I dont know if apple is playing games here. The fact that they are talking about it is fascinating. Trish lets take a look at the stock price and see how its doing. Apple has outsourced so much of the iphonemaking. Michael, to a certain extent, how the heck can you compete with that when they are willing to work for a fraction of the price . You need someone in government to come along and say, no, no, we are going to try to even the Playing Field so American Workers have a shot at this. We will see what happens in terms of evening the Playing Field and so forth. If youre making to make everything made in china and walmart cost double of what it is today youre going to awful lot of modestincome people in the United States and we will see where that goes. Trish your concern is inflation because if you cant get cheap goods, cheap candles made in china that theyre selling in walmart for 50 cents, youll start paying more and its going to eat into your we are talking about school clothes. Trish i hear you. Cheap stuff that you can buy here. Ashley trish, i want to give you the number. Iphone 7 with 32 gig memory cost apple about 268 bucks, it comes back to the u. S. Estimate of 649 plus whatever they put on top of that. So to that point, all of a sudden things become very expensive. Thats the downside. We are not talking about a huge amount of jobs here but i think one thing that carl icahn mention on this, if you get an economy growing faster, youre going to get more jobs and people are going to earn respect and earn success from having those jobs. I think that thats a more important potential goal for this administration putting up trade barriers. Trish there was a time in this country where you could have a fairly steady good job, didnt necessarily require a ton of intellectual capital, but you could get a job at the manufacturing and have a decent life and maybe all those coming from china were not there plentiful on the shelves and maybe we dont need it. Maybe if people are making more and they have a better path forward economically, maybe thats the answer . Right, trish, a lot of what youre speaking to here as well policy is really important. Policy as well. We certainly see it in wall street. Too many people completely lost confidence. Businesses lost confidence. Mr. Icahn spoke to that also. Ceos dont want antonio vest because they feel they are at war with the government here. If we clear regulatory hurdles and reduce and simplify the tax code, we are going to get confidence, confidence to take risks to invest in people and technology here. I think we are just at the cusp of an american renaissance and america will be rewarded for giving their confidence to donald trump. Trish we will see, but, you know, optimism abounds right now. Michael, ashley and steve as we near 19,000. We are taking a quick break. We will be right back [vo] quickbooks introduces jeanette. And her new business i do, to go. Jeanette was excellent at marrying people. But had trouble getting paid. Not a good time, jeanette. Looks like they viewed it. And, tada paid twice as fast. Oh, shes an efficient officiant. Way to grow, jeanette. Get paid twice as fast. Visit quickbooksdotcom. My hope is that the president elect coming in take the similarly constructive approach finding areas where we can cooperate with russia where our values and interests align i am confident that he will talk to them about where they are deviating. You want that improvements to relation to russia. Before he even moves in to the white house. Terror expert and author of the bestselling book defeating jihad. Good to have you here. Speemac im curious to get your thoughts. We know that putin and trump spoke the other day. Apparently it went somewhat well. We should work with russia to fight isis. We have a common enemy. Many of them are very nervous about that idea. What is it that has them so scared and are they overreacting quacks. If theyre scared thats because they are hostage to manufacture all liberal. There is no hidden agenda. If there was anybody to help unhealthy connections it was Hillary Clinton and not president elect trump. I have met on several occasions with the Senior National security advisor general flynn. We have discussed russia. This team understands that they are a strategic nation. He is not a natural ally of our values. The undermining of the states. The only people that should be worried about President Trump s american