. ♪ ♪ >> additional funding is provided by boeing, new man's own foundation, donating all profits from new man's own food products to charity and nourishing the common good. the ford foundation. the ethics in excellence journalism foundation. the u.n. foundation committed to bridging cultural differences in our communities. the corporation for public broadcasting and contributions from viewers like you. thank you. once again, from washington, amy walter. amy: good evening. the obama administration has delivered punishment and proof that russia was behind the widespread hacking of the u.s. election. joint report from the f.b.i. and department of homeland security detailed how intelligence invaded government, political and private agencies ahead of last month's election. president-elect trump released a statement in response to the obama administration sanctions and said this. it's time for our country to move on to bigger and better things. nevertheless in the interest of our great country and great people, i will meet with the leaders of the intelligence community in order to be update

that is fine if it was to develop an airplane but could they build one or three off the line from boeing or apache helicopters but then they want to the reassembled in japan it will cost them three times as much to buy off the line so the idea creating jobs and means lesser quality goods. they will be having a difficult time being sold anywhere outside of japan prime minister has taken on the role he is the best business development person in japan right now. to take up personal interest and he personally tried to push it through unsuccessful but that is a great effort to he also takes the personal initiative to move the u.s. even though there is no indian requirement that they have, along way. it is not a good sign when your best guy is the prime minister he is other jobs and responsibilities japanese industries to take up again. on the cyberside dc voltage bias -- global denies with any government they have not had the shocks to the system the u.s. government has had that forces them to break down that cross agency cyber security requirements. there's also lack of funding for cybersecu

president-elect trump is getting under his skin and you see the deals he's made with carrier, with sprint, with boeing, so, he's been very successful before he's even taken oath of office and i think it's getting under obama's skin and he's acting out on emotion. connell: what do you think, somehow there's some jealousy what the president is doing on his way out? >> connell, i think that's purely arrogant on his part. these deals, these were in place long prior to november 8th. like i said, this is just arroga. president obama-- >> you're talking about the business deals, the job stuff, is that what you're talking about, sprint and the like? >> absolutely, right. and president obama, i was regional director on his campaign in 2008. he will act and continue to act with the utmost decorum that his job has. if anything, he just wants to see the country continue to prosper. >> but robin, look what he's done in the last few days with the sanctions on russia, what he's done to israel. he's just acting out of complete emotion. >> i want to talk about that a little bit. especially with russia. since that's th

the discussions of boeing, we are not overpaying in vital instances like the f 35. getting to work as president of this country. >> thank you, appreciate you joining us and happy new year to you. >> shootings and file in crime skyrocketed in chicago. 750 murders in the city over the course of 2016, that is more than new york city and los angeles combined. police bracing for what could be a bloodied new year's weekend. mike tobin live from chicago with more. nice to see you. how much worse is it this year than last? >> the rate of shootings and murders in the city of chicago absolutely dramatic and chicago police do anticipate an uptick of violence in the holiday weekend. a spokesman said because you pour booze on is in the cycle of gang -- as of thursday, chicago police reported 756 murders in the city of chicago compared to 484 last year, an increase of 56%, 3525 shootings versus 2400 last year, an increase of 37%, an overwhelming number of victims are black, most of the shooting targets are documented gang members. the former police superintendent gary mccarthy wh

tweets aboutrump boeing costs out of control. the market had sold off originally but boeing recovered and kept pace with the index. david: help me here. s&p indexes and purple so it kind of recovers. as far as lockheed martin which had struggled a little bit and on december 22, the second red circle, trump tweets that their costs are out of control and asked boeing to price out a competitor. a washington research group put out a note that said twitter risk is big for the defense industry. that's what they are looking at for the next four years. david: it looks like lockheed martin got heard worse. alix: i'm looking at what the biggest risk for stocks could be in 2017. it could come from inflation. this is a long-term chart of core pce. you can see a relative inverse correlation. as inflation spikes, the s&p goes nowhere and inflation comes down and the s&p starts to rally. inflation moves lower in 2017 and you get a rally. the idea is when inflation picks up, the fed has to tighten fencer -- faster and that winds up hurting stock

alexi bow land and boeing chowgw wanted for cyber >> fox5's annie yu is live atlit the russian embassy with the the latest how the u.s. is strikingn back. good morning, annie. >> reporter: good morning to you maureen and steve. ste i can tell you it's been prettyt quiet outside the russian rusan embassy this morning.ng. we've seen the gates open a few times to get some cars in and out. out. but pretty quiet out here and ww know that a number of the 35 diplomats and their familiesamie that have been ordered to leavee the country do live here in northwest at the russian embassy and the state department saysart that they were given 72 hours tt leave the country.. now the white house handed downe a set of punishments for russias thursday specifically targetingg russia's spy agencies as well al diplomats that the us says weree trying to meddle in the recentec presidential election.idti now russia denies the hackingki allegations and this morning the country hinted at retaliation.in the foreign minister thiss morning proposed expelling 35ll u.s. diplomats in response to those sanctions.ction

but donald trump has said he continues to be in discussions with that company, he even invited rival boeing to come up with a competitor that is priced lower. so at the moment, the pentagon is, however, awarding this $450 million modification. chris, back to you. >> nancy hungerford live from london, thank you, nancy. >>> still ahead, something to laugh about after a year full of toxic presidential election and the loss of so many beloved luminaries. but first, something wicked this way comes. a major snowstorm dumping snow all over new england already 20 inches of accumulation in some places. we'll get a full check of the weather in just a few minutes. stay with us. hey, searching for a great used car? i don't want one that's had a big wreck just say, show me cars with no accidents reported find the cars you want, avoid the ones you don't plus you get a free carfax® report with every listing i like it start your used car search at carfax.com >>> 47 past the hour, let's get a check on your weather now with nbc meteorologist bonnie schneider. good morning. >> good morning. we're looking at

he used boeing as an example. >> when you drain the swamp -- it is opaque. when it drains then you see the monsters. it is monsters. good one. coming up, does the stache i can ma the man? >>> live from america's news headquarters, i'm patricia stark. the verbal barrage between moscow and washington intensities. it was triggered by president obama's decision to impose sanctions on russia for interfering with our presidential election last month. the state department is also ordering 35 russian diplomats to lead the u.s. republican senator john mccain says that's not enough. he wants stronger sanctions while president-elect donald trump says it is time for the nation to move on. he has agreed to meet with u.s. intelligence officials to get an update on the facts. the kremlin meantime says they hillary tall crate. a cease-fire ending syria's civil war is holding. the tries that was brokered by russia and turkey went into effect yesterday. peace plans failed within days. if this new one holds it will be followed by peace talks next month in kahzakstan. here at h

really important point which is in all these interactions he's been having, he's had interactions with boeing about, you know, whether the new air force one model was too expensive, and interactions with sprint and masa bank. in all of them, right, if the company was going to already have 5,000 jobs here, let's say, it's not in their interest to correct the president-elect, right? it's in their interest to just say, yes, totally. this is totally about -- >> yeah, what the president-elect says. yeah, no, he's probably got it right. yeah. >> you get this situation where you can't, like, the two parties that are party to the conversation each have a mutual interest in creating this sort of, like -- >> that's correct. >> -- contract of fiction. >> let's talk about the reason i'm here and that is what is the press to do? because we're going to be faced with this a lot. i mean, many times a week for the next four years, and how do you handle it? especially when you know that if you point out the president's dishonesty, you will be seen by a large part of the electorate as being partisan and untrust

i hope boeing wasn't close to finishing it. it's kind of a custom order. i guess they could put it on the seattle craigslist: "available: bulletproof 747 that can outmaneuver a hellfire missile. $4 billion, or best offer. serious inquiries only." and then later in the day, trump put his tweet where his mouth is. >> we want boeing to make a lot of money, but not that much money. okay? thank you. ( laughter ) >> stephen: a sentiment that is captured on his new hat: "make america great again. not that great." ( laughter ) ( cheers and applause ) ( piano riff ) now, after his comments, "boeing's stock took an immediate sharp turn downward." now, i don't know if donald trump realizes that for the next four years, his most casual offhand comments could shake the stock market. he could cause the next great depression with a bad yelp review of taco bell. "gordita supreme tastes so authentic, i'm having it deported." ( laughter ) ( cheers and applause ) now, a lot of worried people out there are trying to keep trump from being president, even at this point. in fact

another important point which is in all these interactions he's been having, he's had interactions with boeing about whether the new air force one model was too expensives and interactions with sprint and masa bank. in all of them, these companies -- if a company was going to already have 5,000 jobs here, let's say, it's not in their interest to correct the president-elect, right? it's in their interest to just say "yes, totally, this is totally about --" >> yeah, what the president-elect says, he's probably got it right. >> so you get the situation where the two parties that are party to the conversation each have an interest of creating this contact to fiction. >> but let's talk the reason i'm here. what is the press to do? we are going to be faced with this a lot. many times a week for the next four years and how do you handle it? especially when you know that if you point out the president's dishonesty you will be seen by a large part of the electorate as being partisan and untrustworthy and he will blame you not for revealing truth and facts and actual -- what do you call it, reality -- b

donald trump hasn't waited to be sworn in for some the things that i think are great and talking to boeing, getting the price of their airplanes down. having companies promise to keep jobs here in america. here's my question though. president-elect donald trump, he's been thrown a bit of shade from president obama on two initiatives on israel on the u.n. vote and also now on this russian sanction issue. has he, and will he contact both b.b. netanyahu and/or vladimir putin prior to being sworn in to say, hey, i got this january 20th. let's talk about it then but don't take anything that's going on right now entirely too seriously? >> well, okay, so, first of all, the president and president-elect trump had a good call yesterday. these are two people that get along just fine and they are getting along and they are having constructive conversations. but, and, secondly, before i get to that, president-elect trump also believes in the one president at a time rule and is trying and we are trying our best to adhere to that rule. the problem with what happened at the u.n. though was that, in our m

and so he tweets things that can actually not just move markets, billions of dollars, as we saw with boeing, but pretty soon, his tweets could also move ships and possibly nuclear weapons. this is something where if he is going to communicate with the american public, he has to understand that either as president-elect or as president, he should at least get into the role of communication in a proper way. >> i'll squeeze in a quick break and we'll finish this conversation. a lot more, stay with us, as we come back. what's the best way to get two servings of veggies? v8 or a fancy juice store? read go! v8 orhi, juice universe?e? one large rutabaga, with eggplant... done! that's not fair. glad i had a v8. the original way to fuel your day. and i thought, well, you need to go to the doctor. i was told that is was cancer, and i called cancer trereatment centers of america. dr. nader explained that they can pinpoint the treatment. once we identified that there was this genetic abnormality in her tumor, we were able to place her on very specific therapy. our individualized care model gives each l

you know, or beef farmer, or you produce, you know, some sort of a manufactured product, maybe for boeing, that you sell for or to one of these other markets, now all of sudden your export sales will be impact as well. >> mr. trump plans actions on trade if the first 100 days in office. back to you. david: david: peter, thank you very much. melissa: cook county passed a law mandating $13 an hour minimum wage and paid sick time to all employees. this move has business owners on edge of the county up in arms and they will opt out of the law. who knew that was possible. jeff flock in barrington, main street to hear what the people make of the minimum wage mess. reporter: melissa, i was in middle of main street, i had to move out of the street and now i'm back in the middle. this part i'm in cook county illinois and this i'm in lake county, illinois. in lake county, i get $8.25, thank you, sir, appreciate that. here on the other side in cook county, the minimum wage was going to go up to $13 an hour. as of 2020. so, the mayor in the town council of this town of barrington, and this is the lin

not a big deal, but you want to keep an eye on your nike, boeing. united health, unh. intel as well. all down b about 1% so far. again, the big problem, no real leadership to take the place of the banks and industrials that were the prior leaders. >> thank you. the s&p 500 down slightly today, but it's been a strong year for the index, up nearly 10%. the s&p also on pace for its fourth up year in the last five, so what can we expect in 2017? chief strategist at citi, current target on the s&p 500. for 2017 is 2425. tobias, great to have you with us. >> happy holidays. >> happy new year. along with the price target, what do you see for s&p earnings and within that, are you factoring in any sofrt tax relief? >> we raised our estimate to $21 last year. up from 29. overall, if you think about the earnings, b about 9%, 3% of that or a third will be the energy sector having a better year than it had this year. particularly the first half of the year, then call another two or three percentage points in the fourth quarter and lastly, some kind of mod underlying growth. we don'

boeing, lockheed, carrier and now sprint from the c-suite to the commander in chief how do business leaders wheel and deal in the new trump world? a few days left until we close out this year. we're going to bring you last-minute money moves to cut your 2016 tax bill. that's coming up on "power lunch." "the halftime report" is back after this. >>> time for the blitz now, twitter is first launching 360-degree live streaming through periscope. you sold out of your calls. >> well, i'm just so frustrated by twitter, judge, so this i think is somebody that obviously is working for the likes of snap chat and so forth. will it work for twitter? they had periscope before. 360 live is a variation of that. i hope jack gets it right. do you think it ends the year? >> i don't. >> google is your pick. >> google is my pick for taking them out. alphabet. >> i've got you. bank of new york melon raised a strong buy? >> this is a back office type of industry for the finance industry, custodian actions, those sorts of things. yes, they've risen the last month and a half but they still haven't risen as much as

leading our charge here for the last quarter since trump was elected, you could see goldman sachs, boeing, so maybe we just need a great headline from donald trump one more good peace of economic news, maybe it's the trump-ryan agenda when it finally gets to go through. while there's cautionary tone on wall street and a lot of traders i just asked said, no, there's still some holding on, i can tell you. we just have to hold on the dow almost 20,000, sorry. jon: you need a red and white santa hat. melissa: that's the problem. jon: there you go. be watching for it, nicole. thanks, nicole petallides. melissa: interesting new legal case this morning. a woman is suing soul cycle after taking just one spin class, claiming her instructor was too hard on her and she landed in the hospital, let's bring in legal panel ebone williams, philip hallway, criminal defense attorney and former police officer, thanks to both of you for joining us. i will start with you. she went to soul cycle for the very first time, she had never done it before and the instructor knew it was her first time but kept coming

trump where he's talking to companies like carrier, he's renegotiating the price of air force one with boeing and now of course, talking about sprint and i think that's going to be a continuation in his administration. the second point that i would make just quickly is that a lot of economists, ahead of the election, predicted economic gloom and doom should trump become president and we're seeing the dow is approaching 20,000, the stock market has really taken a positive approach, which is quite different than what we saw from brexit. i think this is a signal from the appointments that trump has put forth. whether or not democrats like that, we'll have to wait and see but i don't think they will, craig. >> the president-elect also talked about the transition and glossed over the recent fighting with president obama. take a look. >> well, our staffs are getting along very well and i'm getting along well with him other than a couple of statements that i responded to and we talked about it and smiled about it and nobody is ever going to know because we're never going against each other in that w

so you saw that with boeing and lockheed. i think we have to be pretty careful. i think most are trying to stay under the radar screen. but i think ceos should be investing more and training their workforce and working with local colleges and institutions to do that. that's the number one thing. if they have the workforce for the future, the silicon valley folks are very concerned about that with artificial intelligence and all the automation that's coming. it's going to come. and it's a good thing. and that creates other kinds of jobs, creates office jobs. so the old time factory jobs i'm not sure are ever going to come back to the numbers we saw before. >> yeah, we're going to see if those jobs of the future can be created in an environment where it's america first. bill, we'll leave it there. bill, thank you. bill george, harvard university, former medtronics ceo and a cnbc contributor. >>> sticking with the incoming trump era, a new administration is going to mean perhaps a big change in taxes. cnbc.com's personal finance and consumer spending reporter kelly

. >> 9000 jobs is correct and he is talking to lockheed martin and boeing ceos on how to bring down costs for air force one in the f 35 program. he met with the ceo earlier in the month, softbank owned 80% of sprint, now you have something happening in those negotiations. ashley: yesterday was part of the bigger announcements about whatever it was. >> go online and you will find why i am wrong but sprint, t-mobile and a potential merger although sprint is -- the trump administration might not stand in the way. softbank has a huge holding in this and sprint, bringing back 5000 jobs so -- ashley: you think companies are falling over each other to make an announcement how many jobs they are going to create to get favor in trump dc? ashley: it could be, donald trump is open to making a deal. adam: feel the little banana republic. i don't like the president involved in the running of companies. ashley: we heard that before but people are going to work. ashley: hillary clinton spotted eating breakfast at a resort in upstate new york, alone it the table commenting she looked a little on said. st

into the white house and already making good on his promises, a threat to pull government deal with boeing if their costed not come down and japanese businessman pouring $50 billion in investment into us because donald trump won. 2016 began with the worst stock market selloff that it is ending near all-time highs. >> businesses in 2016 and should be bigger in the new year. >>> the new year right around the corner. we're talking traveling safe on new year's eve. >>> up next, the change in options and price if you're going to go out and have fun on new year's eve. stay right there. warnings on 2 will be right back -- mornings on 2 will be right back. >>> 4 voters spent one hour chilly ocean waters after their boat capsized off the coast of santa cruz. they crawled onto the boat's called and then fled down help from a passing ship. they were rescued by the coast guard. no one was hurt. >>> people gathered to mark 5th night on cliff. >> [ video playback ] the holiday begin on christmas eve and runs for 8 days through new year's day. the celebration included music and children kai- shek activit

a threat to pull a government deal for boeing is their costed not come down. a japanese man pouring $50 billion of investments into the us because donald trump one -- won. stock markets are ending near all-time highs. business was big in 2016 and should be even bigger and 20 -- in the new year . >>> 4 boaters spent nearly an hour in the water after their boat capsized. they were rescued by the us coast guard. >>> full gathered to mark the 5th night -- people gathered to mark the 5th night of the hanukkah holiday. >>> various transit agencies are offering extra service on new year's eve. they are offering free rides starting at 8:00 saturday night new year's eve. muni will be free until 5 am on sunday morning. trains are running until 3 in the morning. caltrans is extending southbound service until 2:2 am . the -- 2: team -- 2:15 a.m. a.m. >>> there are several events happening across the bay area. there is a list at our website. click on the web links and you can check them out. >>> a san francisco restaurant owner opened his doors to high school football team

he would go after, say, boeing, for example, when he was tweeting about air force one, i'm so stoked to see him tweet about individual congressman who -- democrats in particular who get in the way of getting through legislation to reform tax because you know he's going to do it and call people by name and it's going to be awesome. sandra: sean spicer, is he going to use twighter like this when he's president and there's all indication that is he will continue to do so, larry, you don't seem to have a problem with it? >> i sure don't. i'm active on twitter myself and facebook. a marvelous way to talk to anybody in the country and have that person respond to you. i think again given how we have seen from the wikileaks emails, the collusion with new york times with the washington post, with the associated press and donald trump is able to go around them and communicate directly to the american people and i think that's wonderful. sandra: cat, you had one request for continued tweeting, what was it? >> check your spelling. be a little careful. dagen: a millennial just said that? >> not t

it follows a pattern here of trump negotiating with companies, lockheed, boeing, carrier, which is owned by united technologies. they all have a lot to gain from a friendly relationship with the u.s., whether it's defense budgets or in this case potential deals. i also want to quickly mention a stock that we're watching today. kate spade, the ticker is kate, it surged in trading yesterday after dow jones reported it was putting itself up for sale. speaks to a number of retail challenges right now, lower traffic, pickier consumers, lower tourist spending. we'll see if it finds a match in a bigger company like coach and like michael kors. >> we'll watch all of that today. sara eisen on wall street, thank you so much. still to come -- >> when people say black lives matter, the doesn't blue lives don't matter. it means all lives matter, but right now, the big concern is the fact that data shows black folks are more vulnerable to these kinds of incidents. this isn't a matter of us comparing the value of lives. this is recognizing that there is a particular burden that is being placed on a gro

because this follows the boeing and lockheed martin negotiations also at mar-a-lago that seemed to have yielded promises of on-budget air force one and f-35 project. it also follows the big carrier announcement and the announcement with that bank ceo to create 50,000 jobs in the state. today we also learned that even though the president-elect and the current president had been hyper critical of each other in the press lately with president obama saying he would have beaten mr. trump in 2016 if that was legal or possible. and mr. trump saying that there is no hope anymore in this country and that the president is disrespecting israel. the two are apparently still talking on the phone a lot. transition official told us this morning they have been in regular contact and they will be for the next few weeks. mr. trump said when he talked to reporter that he had a nice conversation with president obama today. he wouldn't go into details. he said it was general in nature. we also saw something extremely rare in any situation covering a president-elect or a president today. as the press was al

the one that really is sticking with me is this boeing deal. all right? so boeing says it's going to cost you $4 billion for two airplanes, donald trump says no way and they say you know what? you are right. cut you back by a billion dollars. that's a drop in the bucket to the federal budget. a drop in the budget. do you know what he did? he gave notice to every american corporation. everyone selling into america. >> exactly. >> you are all on notice. >> exactly. in the old days, the patsy was the government. they rolled over. the owe do it with american jobs and american businesses. it's a mind set that's different. government is not in charge of rolling over and giving the money. the leaders are in charge of making things better for america and for american jobs. it's incredibly exciting and catching. >> got to be happy. more jobs, cheaper -- you're a taxpayer. you are going to love this. >> i think having corporations in the hot seat and genuinely holding them accountable is a good thing. that's why we shouldn't be rolling back wall street reform and g

boeing is talking about keeping the price down for air force one. lockheed martin saying they are going to work with the united states on bringing down the cost of the f-35. we have this news about the phone jobs earlier today with donald trump. we have some good things to look forward to. >> do you know how important the boeing things is? it doesn't seem like a lot of money, $1 billion on the scale. >> i love the idea a u.s. president is sticking up for us even in the smallest of ways and that companies are responding. >> that was my point. $1 billion out of a $4.2 trillion budget. he wants to cut $1 billion off the cost. that's fantastic. a heads-up to every corporation that does business with the united states, if we don't like the deal you have struck for us over the last 10, 20, 30 years. donald trump loves making a good deal. i think he is going to be great at this. julie, i think you gare going t be pleasantly surprised. >> you have to be. the people have been talking armageddon. no matter what he does, he is going to exceed expectations. if

boeing and delta came under pressure after delta canceled 18, 737 dreamliners. delta steps up and cancels that one. big picture is dow 20,000. everybody says we'll hit it but the question will be is it 2016? david: phil, oil with a rocky ride. way up, way down. what is going on? >> we were up on optimism about opec and optimism about the economy. we seemed to see oil break from highs. we were a lot higher earlier in the session after the john kerry speech. it seemed to be down around the market. traders can't really grasp what they're trying to say. why we're backing away from very close ally. that is really raising some concerns. we showed major moves in other energy complexes. gasoline prices on the rise. biggs move up for gasoline. fill your tank up quickly. the other thing was natural gas. january contract, it exploded today. it was up almost 18 cents, almost at a a two-year high. that is market we'll watch. as it gets cold, prices could really soar. david: phil, thank you very much. melissa. melissa: breaking news. president-elect donald trump expecting to

we've already heard him step in to help save some jobs at carrier, we saw him go and cut costs at boeing on the new air force one and of course pressure lockheed martin to reduce cuts for its fighter jets. what can we expect now? we're going to bring you that statement just as soon as we get it. welcome everyone. this is your world. peter doocy is there with the president-elect and peter, what are you hearing? >> reporter: trish, the president-elect has already shown us these meetings have the ability to move markets because the ceo came here for a sit down with the next president and left without making a deal to lower the costs on the f-35 program that came later. so we don't know exactly what today's announcement is going to be, but it is said to be positive for american workers and it is the first thing the transition team is doing on their first full day back from a holiday weekend where the president-elect pointed out, he thinks this election alone has been great for the economy tweeting the u.s. consumer confidence index for december surged nearly four points to 113.7. the highest

not good for them. >> reporter: that's right, not good news for boeing. delta says no, thank you, boeing, i know we acquired northwest back in 2008, and part of that deal was getting this order for boeing planes, 18 787 dreamliners, they canceled. that they're going to continue to have wide body aircraft from airbus, 25 over the next decade but the truth of the matter is they don't want this part of the deal, and so they're bailing out. one of the reasons that some of the airliners just don't want to increase their fleet is they still face high costs, airfares which they are not able to raise, and so a lot of the airlines are not rushing to order new planes. so with this cancellation we've seen boeing down and delta is lower today. boeing, i will note is the third best performer for the dow behind only goldman sachs and jpmorgan. boeing doing all right in the back half of the year. delta is down 1.5%, cheryl? cheryl: made sense, northwest did it years ago, you can't blame delta, good for airbus. nicole, see you towards the end of the show as we see you on

here's boeing down just a little bit. boeing was $158 a couple days ago, now it's $156 and change. not a lot but a drift downward. merck was up a few the other day, now it's drifting down slowly. procter & gamble, about $85, somewhere around there a few days ago, now it's down in the low 84 range. big moves to the down side but noticeable. golden sachs, went to 242. it's still about 240, 241, but it's not adding to the leadership. maybe we should stop analyzing this too much. 1 19,847, that was the dow last tuesday. light volume and very, very small moves off the top. back to you. >> thank you. we'll see you at the close, bob. let's get to our "closing bell" exchange right now. she's at post 9 sitting next to keith bliss of katonin company and we hear from chicago as well. keith, we highlight the fact we're expecting some selling pressure thursday and friday as pension funds rebalance their portfolio. so it felt like today was the last chance for the dow to hit 20,000. do you agree with that? >> potentially. i still think we'll hit 20,000. probably not this week. my call was we wer

we've already heard him step in to help save some jobs at carrier, we saw him go and cut costs at boeing on the new air force one and of course pressure lockheed martin to reduce cuts for its fighter jets. what can we expect now? we're going to bring you that statement just as soon as we get it.

it was an account executive at boeing for nearly 10 years. the city of san josÉ and the city of san mateo. stephen holds eight cfa, cfp and many other designations which i like to call the alphabet soup after his name do we are very happy to have stephen with us. in addition i'm also happy to announce joe collins has been promoted to the team manager of the retirement counselors. as you know chad casper was previously the team lead it recently removed back to seattle so that position was open. i think this is a longtime promotion for joe collins and many of you know him through his work with the police and he's actually been [inaudible] for nearly a decade. he brings a lot of experience and a lot of value to this role. that means that the fifth counselor position is open. they are actively recruiting and they are having interviews, i believe, set for january so hopefully we'll be able to have a fifth counselor soon. that's all i have. >> thank you. colleagues, questions? let's go to public comment. thank you for your presentation at public c

you got industrials like boeing and caterpillar, tech that is weaker, consumer names, health names. no pattern. just a general droop across the board here. i know this is a holiday season, volume is on the light side, we're getting exceptionally light volume. volume in the big etfs, financial, energy, is less than half of what it normally would be. that's exceptional, even on a

delta canceling an order for 18 boeing 787 airliners. a large part of new england under a winter storm warning. up to a foot of snow expected in my home state of new hampshire and also maine. brian? >> i'm brian sullivan. let's start with this market and bob pisani at the new york stock exchange. bob, about an hour ago i got many my car and drove up the fdr to make it for this fine program. the dow wasn't doing anything. what happened in the last hour or so? >> a pleasure to see you. don't see you often enough. good to see you down here. the lack of bids. the buyers have dried up and we have had no direction for now, 11 days in a row. the dow movers here, there is no particular pattern here. you got industrials like boeing and caterpillar, tech that is weaker, consumer names, health names. no pattern. just a general droop across the board here. i know this is a holiday season, volume is on the light side, we're getting exceptionally light volume. volume in the big etfs, financial, energy, is less than half of what it normally would be. t

boeing is one to watch. delta air lines canceled their order for 18 boeing 776s. -- 787s. cisco system is down 3/4 of 1%. ibm is down half of one percent. apple's ceo tim cook was here. i spoke with him today. he gave a very optimistic outlook for 2017. ement insurance plan whenever you want. no enrollment window. no waiting to apply. that means now may be a great time to shop for an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. medicare doesn't cover everything. and like all standardized medicare supplement insurance plans, these help cover some of what medicare doesn't pay. so don't wait. call now to request your free decision guide. it could help you find the aarp medicare supplement plan that works for you. these types of plans have no networks, so you get to choose any doctor who accepts medicare patients. rates are competitive, and they're the only plans of their kind endorsed by aarp. remember - these plans let you apply all year round. so call today. because now's the perfect time to learn more. go long. connell: following

to take a step --k, projecting a forecast projecting, they do not like to call it a forecast. 60 and boe isng ready to go either way. there has been a shift both in terms of what people expect economically, and terms of how the major central banks are prepared to respond. >> on the eve of the new year, nothing has actually happened yet. we do not have fiscal policy the united states. donald trump is not even there yet. the markets are taking all of the good and disregarding all of the bad. is this possible that people are overreacting? >> there is something to that. exhaustion from the campaign trail me to become policy and policy will pass. there seems to be a directional and vibrational seachange and it is not just about the u.s. , there is a sense that japan could be ready for better times as well. it is not based entirely on the u.s. >> how many times have you heard the term animal spirit in the last month and can it a self-fulfilling in any way? >> it can be self-fulfilling. as the irrational despondency was. we sat here on the program many times and bemoaned negative on yields and

delta airlines has canceled an order for 18 boeing 787's. it inherited the order from northwest airlines when it took it over in 2008. delta has plans to buy 120 oh knowing's latest models. models.eing's latest -- terms were not disclosed. by phone has processed more than $50 million in transactions this year. and that is your bloomberg business flash for this hour. russia has been great its energy policy after a black gold massive slump to $26 a barrel this year. john mickelthwait sat down with president vladimir putin in an exclusive interview. he challenged the statement that if crude were to fall below $80 a barrel there would be a in prices. pres. putin: if i said that oil output would end, i was mistaken. i do not remember. new deposits would not be commissioned at a certain oil price. strictly speaking, that is what has happened. but maybe even surprisingly, our oil and gas companies are continuing to invest. in the past years, the oil companies have earned 1.5 trillion rubles and if you take the states investment, it is better than t

so boeing or tech like cisco or microsoft, there's no real pattern here. some industrials are up, some tech are up, some are not. we're sort of wandering around here in the wilderness looking for leadership. meantime, there was an interesting article in "the wall street journal" saying the new york stock exchange was losing etfs to nasdaq and bats. this is very interesting a big fight is going on because business is growing. so in 1999 there was only $32 billion in etfs. only 36 etfs. fast forward today $2.5 trillion and almost 2,000 etfs. that's real money and real business. that's where the fight is. here's what matters to etf providers, they want a successful launch of their etf. and they want good market quality. they want liquidity. they want people to trade it and tight spreads overall. for the exchanges that's where it really matters the auctions happen, you get big etfs, like the s&p 500 etfs or emerging market etfs, they do a ton of trading on the opening and closing auctions. and that generates real revenue for the exchanges. and that's why there

ashley: you can see that story, boeing slightly lower. yahoo!'s huge data breach unlikely to scuffle the verizon deal. does this knock down the price a bit? >> it might knock down the price, don't count on it. it's going to go through different financial press reporting 4.8, 5 billion deal ll go through, lots of companies suffer hacks. yahoo! said it was about a billion dollar that it cost them, but verizon and yahoo! still look like it's to become one. >> yahoo! is not being brought by e-mail prowess. and because of the hack, my friend sis because of that i'm not going with that. >> and we said is that compatible with your dial-up account. >> and buying cards they do that well, and i don't want to direct everybody there. >> fox business.com is the best, but-- >> thank you, cheryl, did you have a yahoo! account, tammy? >> yes, for my very first book, which is september 11th, 2001, came out october. that's, and i maintained that one because that's in all the reprints and people still respond to it, but it's a little dial-upie. >> my dad, i don't k

why they are now boeing told to get out. ,, ,,,,,,,,,,,,,,,,,,,,,, and i'm julie watts in for michelle. time is 6-- today, the spirit of hannukah is returning - to san francisco' >>> good morning. i'm kenny choi. >> i'm julie watts in for michelle griego this morning. >>> a new menorah is set to replace one stolen from the park. the 6-foot-tall brass item was set up next to the christmas tree on christmas eve. it was stolen by sunday. the next day people brought their own. by one from massachusetts is expected to arrive for the fifth night. police are searching for the suspects. >>> in san jose, overworked police officers have been calling rvs home just to rest up between overtime shifts. kpix 5's maria medina is live in san jose this morning with more on why the city is telling them the parking lot is off limits. >> reporter: they are being told to move all because of the circus! it was just a few months ago that kpix 5 broke this story about a dozen officers who are sleeping in rvs in a parking lot near the san jose police department. like you said, they are overworked and exhausted

delta has canceled an order for 18 boeing 787's valued at $4 billion. it had inherited the order were to a go over for northwest airlines in 2008. delta says it will continue with the latesty 120 of 747 models -- 737 models. -- battle of the charts is next, this is bloomberg. ♪ david: this is bloomberg. it is time for our battle of the charts. we have abigail going up against alix. abigail goes first. abigail: the s&p 500 up about 11% this year, on pace for its best year since 2014. interesting to note whether or not the s&p 500 is going to far, too fast. we have the s&p 500 up near those record highs but what stands out is the expectations for stocks continuing to rise, its biggest monthly jump since 1998. weer the jump in 1990 eight, see the s&p 500 moved into the 2000, but followed by a bear market, the timing is tough, but a decline could be ahead for the s&p 500 stocks as investors get ahead of themselves. david: maybe the best is yet to come. abigail: perhaps, i like your optimism. alix: i think we are in trouble. i will take a page out of the c

you know, obviously, we've seen president-elect trump be involved in some of these negotiations on boeing and lockheed martin. but no way that can continue on every single issue going forward. he will have to delegate a lot of responsibility to his cabinet officers and that will mean a lot of discretion for people and that's going to be a big test in the coming year. >> you bring up scott pruitt who is going to run the epa and this is a climate change denier. this is someone who is totally against these ethanol mandates. something that, you know, when trump was campaigning in iowa, he said i'm 100% behind these. you look at wilbur ross coming in as head of commerce secretary. someone who has been wildly supportive of ttp and free trade. is wilbur ross really going to say free trade is bad? >> well, i think donald trump has proven to be very good at, you know, selling his viewpoint on how trade should change and i think a lot of his new cabinet members like wilbur ross at commerce will have an easier time getting behind his proposal to sort of tear up these trade deals and have a new appro