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>> martha: of president trump's ongoing war with the media has traveled with him from the campaign trail to the west wing. now some of his top advisors are getting in on the action. chief strategist steve bannon had these words for "the new york times." "the media should be embarrassed and humiliated and keep its mouth shut and listen for a while" ." "the media here is the opposition party. you're the opposition party. it the media is the opposition party." molly hemingway are here now. molly, there has been a lot of outrage over this comment, you say in a way, it was taken somewhat out of con...

Both got a twitterment from the president-elect. fiat announced a $1 billion investment to retool in warren, michigan, and toledo, ohio. that move would create 2 dhourks jobs. the company's ceo told a round table at the detroit autoshow the decision was in the works, quote, for a while, and was not influenced by trump. meanwhile, ford motor company says it's bringing back two discontinued models. the ranger and that infamous bronco and both will be made in michigan. president-elect donald trump praised both companies and thanked them on twitter. more mtp daily after this. the cnbc market wrap....

Bannon as chief strategist and chief counselor. what's the message being sent by donald trump on his vision, what he plans and who he surrounds himself with? >> reporter: i think that he's not going to be a wholly owned subsidiary of any part of the republican party. and when you look at this press release they put out, and this is all reading between the tea leaves and maybe because i've been in washington a while, but steve bannon was named first, and then came white house chief of staff reince priebus. and i think that's a real signal, that not only is he going to be a senior counselor, but...

>> reporter: another round of torrential rainfall rustles residents in lagoona beach out of their beds early wednesday morning. >> it's like the heaven's opened up. just constant. didn't stop. didn't stop. >> a big mudslide came down. >> i was over there and the water started coming in. >> reporter: for a while, engineer jeremy hess was trapped. >> there was a time where i didn't think we were going to get out. >> reporter: the business district spent hours under three feet of water. property damages will be in the tens of millions. >> all the businesses on ocean avenue. i have three friends w...