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Him amongst others on fox. i want to play a little bit of the way he was discussing tillerson. >> well, in his case he's much more than a business executive. i mean, he's a world-class player. he's in charge of i guess the largest company in the world. he's in charge of an oil company that's pretty much double the size of his next nearest competitor. it's been a company that's been unbelievably managed. >> it's not double the size of the next largest competitor, which is shell, but that's not the issue here. this is where president-elect trump is saying, he's a businessman, knows how to handle...

Bit. you just reiterated 250 billion pounds, that's about $370 billion there of liquidity in both pounds and foreign currency if and when they need it. so they can call upon these extra funds if they need it. and throughout the course of the morning, we've seen big banks like barclays, lloyds, shares who are pummeled to the tune of 20%. it pains to reassure the markets to say look, we've been thinking about this. we've been shoring up our capital for quite some time. ftse 100 was trading a little bit higher since mark carney's intervention there, about 4.7, that's still half of what it was whe...

One in four citizens jobless. >> a job, that's all i need. >> that's part of why your 401k took a hit. it has a $370 billion debt unpayable. one in five american bond funds are there totaling $11 billion. >> you might be exposed to puerto rican debt even you don't know it. >> there's no one in the administration in d.c. con templating a federal bailout of puerto rico. >> watch your retirement fund. today could be another rocky day. this is interesting because analysts say what happened on the market doesn't look good. some analysts say it's a good sign losses are strong. asia is rebounding the...

Nbc senior white house correspondent chris jansing is traveling with the president. she joins us now from austin. the president bushed back on republicans for not covering comprehensive immigration reform. >> reporter: we have already seen rick perry go to the border. he's with mcallen. the president has said he's not going, he will be leaving texas later today. so i think the focus shifts from will he or won't he, the president being 242 miles from the border but not making a visit. here's what rick perry had to say, start with sending out the national guard, we need to secure this border, ec...

Saying, truth be told, we can't kill it. they are losing the fight for that. you might have a backbone but they do not. >> i'm not hanging on head, my head. >> what about the jobs issue and the economists' performance? what about this $370 billion to be spend on infrastructure. $150 billion will come from a special tax on this bill. >> republicans are not going to go out there and say, the way to get jobs and growth is to tax business. they won't oppose that. >> can these guys read issue polls. any time you question infrastructure spending, it is interpreted in the foils.