tv Early Start With John Berman and Christine Romans CNN November 14, 2016 2:00am-3:01am PST
steve bannon. trump said this, bannon and priebus will continue the effective leadership team they formed during the campaign. working as equal partners to transform the federal government and making it more efficient and effective and productive. priebus is known in the beltway and has good working relationships with republicans on capitol hill. senator mcconnell and house speaker paul ryan. those relationships and priebus' knowledge of how washington works could be key in helping trump pass legislation through congress. now bannon, who is the trump campaign ceo, also ran breitbart news. that news site accused of racist and sexist and anti-semitic audiences. and bannon has been critical of the gop establishment. both men will advise the next president, president-elect trump. victor, christine. >> thank you, chris.
hate watch dog groups slamming donald trump's choice of breitbart boss steve bannon. the anti-defamation league released a statement said it is a sad day when the man who appeared over the alt-right is slated to be a senior staff member in the people's house. >> the law center scolded the president-elect trump in this tweet. he should rescind this hire. he promised to be president for all americans. >> and harry reid escalated his attacks on the president-elect trump. president-elect trump's choice of steve bannon as top aide signals white supremacists will be at the highest level notis i white house. >> and fear in some kmume commu, one happened at a church in a
latino neighborhood outside of washington. graffiti reading trump nation. whites only on a wall and sign advertising spanish language services. washington's bishop called on donald trump to speak out against the vandalism. pretty much what trump did on sunday with the television interview since becoming president-elect. he addressed acts of violence that his supporters reportedly committed in his name. >> i would say don't do it. that's terrible. i'll bring this country together. >> they're harassing latinos and muslims. >> i am so saddened to hear that. i say stop it. if it helps. i will say this, i'll say it to the cameras. stop it. >> let's break down the latest on the trump transition with political reporter eugene scott. good morning. >> good morning, victor and christine. >> we heard from the tea party
activists over the weekend before the announcement was made. do not put a insider in as chief of staff. he put in reince priebus. he picked steve bannon. does this issatisfy those who wanted someone from the outside in the white house? this will be his karl rove? >> i think they will be somewhat satisfied. he played a role in getting trumps past the hard weeks he was having following the hillary clinton nomination. bannon came on, i believe, in august. this group is not the only group that helped donald trump win. we know from the exit polls, he got more mainstream republicans help him. reince priebus' is responsible for that. >> he is also close the speaker of the house paul ryan. a lot of people are wondering if this is an administration -- you kept hearing this is a transactional president. somebody who wants to get stuff done. reince priebus can help you do
that. we heard yesterday on "60 minutes." a lot of take aways from the interview. one in particular about what are his policies going to look like. if he is asked about obamacare. i want you to listen to the exchange. >> when you replace it, are you going to make sure that people with pre-conditions are still covered? >> yes. it happens to be one of the strongest assets. >> you will keep that? >> also with the children living with their parents for an extended period. we will very much try to keep that in. it adds cost, but it is very much something we will try to keep. >> and there is a period if you repeal it and replace it where millions of people -- >> we will do it simultaneously. it will be fine. >> will get rid of obamacare, get rid of obamacare. i hear what makes obamacare
obamacare staying. he will get rid of what has the president's name on it, but put the pieces back in. >> a week ago today, trump was calling obamacare a disaster. since then, he made it clear there is some aspects of it he likes and thinks are good and helpful. that he's going to keep. >> you wonder how much of that was the president talking to him in the oval office. he sat down and said let me explain to you. please don't undo these parts. >> the president asked him to consider not repealing everything. the president-elect said he would think about it. i think you could argue he was thinking about it before. that he recognized it. >> let's talk about this exchange with lesley stahl with the campaign with hillary clinton. it seems like it was long ago, but it was a couple days. one day seems like a week.
>> you called her crooked hillary. said i wanted to get her in jail. your people and your audiences say lock her up. >> she did some bad things. >> special prosecutor? >> i don't want to hurt them. they're good people. i don't want to hurt them. i will give you a very, very good and definitive answer the next time we do "60 minutes." >> the chant was not they're good people. it was lock her up. i imagine this is a surprise to supporters that he would hold to that promise. >> literally. they're good people is not something we heard a week ago. if you recall the meeting with president obama, he wanted to seek counsel from the president. these are things we would not have expected. i think it gives people an idea that being a campaigner is very
different from being in the seat. you want to work would people on the other side who may have expertise in areas you do not. >> that is what is interesting about the transition. we have peter thiel on there. and billionaire in silicon valley. also the trump children. we have been hearing that he will turn his businesses over to the kids. he would focus on governing the country. if the kids are on the transition team, does that suggest they will have a different or tighter role in the governing? >> federal statute was passed in 1967 when jfk came to the white house that does not allow presidents to officially hire their children. they would see how they can transition management to the kids. we know you don't have to have an official staff position to be an adviser. some of his children like jared, his son-in-law, has been very
influential. we should really expect them to be around more. >> and jared kuschner had his ear on the campaign. >> dennis mcdonough walked around the grounds. nice to see you. >> this afternoon, president obama will hold his first news conference since donald trump was elected to succeed him. this comes before he embarks on the final overseas trip. the president will travel to greece, germany and peru. the dow set to open at a record high. i want you to check out the dow over the last five days. up 1,000 points. remember all of the predictions
of a big drop? dead wrong. investors now focusing on pro-business policies like tax cuts and deregulation. the republicans sweep of washington means they think stuff can get done. this will be a transactional president. you can expect more gains. dow futures higher. s&p 500 is 1.1% away from the record. stocks in europe are rising. one big loser is gold. down 8% and investors are dumping gold and buying stocks. this coupled with solid jobs data over the last month likely give the federal reserve the move to raise rates. mortgage rates could move up a little bit. it is a sign that people think investors think the economy is solid. >> donald trump has said he plans to renegotiate the trade deals. let's talk about trade with china. you remember during the
campaign, trump said china is raping the u.s. what he told china's president during their first call since the election. ♪ sing girl, come on. ♪[ singing ]♪ sorry, ariana you gotta go. seriously? verizon limits me and i gotta get home. you're gonna choose navigation over me? maps get up here. umm... that way. girl! you better get on t-mobile! why pay more for data limits?
introducing t-mobile one, unlimited data for everyone. get four lines just $35 a month. it was love at first touch met and all you wanted to do was surround them in comfort and protection that's why only pampers swaddlers is the #1 choice of hospitals to wrap your baby in blanket-like softness and premium protection mom: "oh hi baby" so all they feel is love wishing you love, sleep and play. pampers searchingcan you help?used car? start with the millions for sale at the new carfax.com! show me cars with no accidents. that's awesome. plus you get a free carfax® report. start your search at carfax.com! youthat's why you drink ensure. sidelined. with 9 grams of protein and 26 vitamins and minerals.
for the strength and energy to get back to doing... ...what you love. ensure. always be you. the world is full of surprising moments. they're everywhere. and as a marriot rewards member, i can embrace them all. the new marriott portfolio of hotels now has 30 brands in over 110 countries. so no matter where you go, you are here. join or link accounts at members.marriott.com. so i wanted you to have the ring to match. at jared, we only sell one piece of jewelry... ...the engagement ring of her dreams you had designed just for her. in fact, with custom design services in every jared.. ...anything you can imagine, our expert jewelers can create. something completely original,
completely unique.. ...completely her. custom design that's why he went to jared. it begins from the the second we're born.er. because, healthier doesn't happen all by itself. it needs to be earned every day. using wellness to keep away illness. and believing a single life can be made better by millions of others. as a health services and innovation company optum powers modern healthcare by connecting every part of it. so while the world keeps searching for healthier we're here to make healthier happen.
president-elect had a cano r conversation can president xi jinping. we have matt rivers with more on what was said and what could happen with the first face-to-face with the two men. the first phone call and diplomatic phone call if you will. >> reporter: that's right. it was at a campaign rally in may that donald trump said that china was raping the u.s. economically and what china was
doing to the u.s. was the greatest theft in the history of the world. language.very, very strong chinese leaders did not officially react to here in b beiji beijing, but we heard lots in state media calling donald trump a big mouth and bigot. that is the lens in which we need to look at the diplomatic relationship moving forward. you can imagine the first phone call may have been a little awkward. officially both sides are saying it was a good phone call. on the chinese side, xi jinping said to cooperate is the only correct choice between china and the united states. donald trump said he believes the two leaders will have one of the strongest relationships moving forward. both singing the same tune at this point. what donald trump said on the campaign trail cannot be ignored. it may make the relationship
more tense moving forward. maybe the way to get around that is the countries are so economically intertwined. they have a trade value of over $650 billion. the fact is the issues with cyber security and chinese expansion in the south china sea and differences over north korea policy, these countries need each other moving forward. the fact is these two men are going to have to engage one another diplomatically whether they like each other or not. >> you mentioned the size of the trade relationship. one of the issues for donald trump and donald trump supporters is the united states imports more than 4 to 1 what it exports to china. it is a lopsided trade relationship. allowed millions of jobs gutting the middle class and working class. that is why this man was elected. it is the beginning of a long chapter of the u.s. and china
relations. matt, thank you. let's go to new zealand where two deaths have been reported after a powerful earthquake and aftershock. the quake. a 7.8 magnitude after midnight. it was followed by a 6.2 mag magnitude aftershock. the country's prime minister surveyed the area as utter devastati devastation. and the issues for the battle for mosul. we will go live to iraq. that's next. 's why this control enthusiast rents from national. where i can skip the counter... ...and choose any car in the aisle. on average, four out of every five rentals at national is a free upgrade. getting a full-size and paying for a mid-size? ♪ whoa, oh, whoa, whoa, lovin' every minute of it... ♪ as the boys from loverboy so eloquently noted...
but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. with it, i earn unlimited 2% cash back on all of my purchasing. and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... which adds fuel to my bottom line. what's in your wallet?
in the battle for mosul, a victory for iraqi armed forces. capturing thevil village of nim. last year, the ruins were destroyed by the terrorists. military officials say fighting in that area continues. cnn's phil black is following the developments in irbil for us. what are you hearing about what's left there? >> reporter: victor, iraqi authorities are thrilled to have the site back. it has long been celebrated as significant location. the truth is we don't know what rema remains. isis boasted about destroying a lot of it. it is also important, this development, in the context of the ongoing military operation to drive isis from iraq and in particular, the northern city of
mosul. it has been going for four weeks, this operation. what it shows is there is tough fighting going on in the territories and towns and villages surrounding mosul. it is in the east of mosul that some iraqi forces and troops penetrated the built up area. that is where they are experiencing incredibly tough resistance from isis. they knew this was coming. they prepared and they are motivat motivated. they are digging tunnels and preparing car bombs. there is snipers in the area. for that reason, the iraqi forces are advancing a little more every day, but it is difficult work. the fall of mosul is not imminent. on top of that you have this going in the populated city. the humanitarian cost is expected to be high. >> phil in irbil, thank you. to california now.
the suspected killer of the central california police officer is in custody. following a manhunt. the alleged shooter, david machado was caught after carjacking someone after fatally shooting the sheriff's deputy which was shot twice in the head. in south carolina, north charleston police officer michael slager's trial is in the third week. slager is accused of murdering walter scott. the defense claims that slager was provoked. they say scott resisted being restrained by a stun gun which led to a physical altercation. slager faces 30 years to life if convicted. president-elect trump is talking about hate crimes, protesters and hillary clinton and the wall he promised to build. hear what he has to say. that's coming up next. bout for the holidays.
before his mom earned 1% cash back everywhere, every time. [ dinosaur growls ] and his dad earned 2% back at grocery stores and wholesale clubs. yeah! even before they earned 3% back on gas. danny's parents used their bankamericard cash rewards credit card to give him the best day ever. that's the joy of rewarding connections. learn more at bankofamerica.com/getcashback. we'll play something besides video games. every day is a gift especially for people with heart failure. but today there's entresto®- a breakthrough medicine that can help make more tomorrows possible. tomorrow, i want to see teddy bait his first hook. in the largest heart failure study ever, entresto® was proven to help more people stay alive and out of the hospital than a leading heart failure medicine. women who are pregnant must not take entresto®. it can cause harm or death to an unborn baby.
don't take entresto® with an ace inhibitor or or aliskiren. if you've had angioedema while taking an ace or arb medicine, don't take entresto®. the most serious side effects are angioedema, low blood pressure, kidney problems, or high potassium in your blood. tomorrow, i'm gonna step out with my favorite girl. ask your heart doctor about entresto®. and help make the gift of tomorrow possible.
what makesheart healthysalad the becalifornia walnuts.r? of tomorrow possible. the best simple veggie dish ever? heart healthy california walnuts. the best simple dinner ever? heart healthy california walnuts. great tasting, heart healthy california walnuts. so simple. get the recipes at walnuts.org. before it became a medicine,
it was an idea. a wild "what-if." so scientists went to work. they examined 87 different protein structures and worked for 12 long years. there were thousands of patient volunteers and the hope of millions. and so after it became a medicine, someone who couldn't be cured, could be. me. ♪ i really did save hundreds on my car insurance with geico. i should take a closer look at geico... geico has a long history of great savings and great service. over seventy-five years. wait. seventy-five years? that is great. speaking of great, check out these hot riffs. you like smash mouth? uh, yeah i have an early day tomorrow so... wait. almost there. goodnight, bruce. gotta tune the "a." (humming) take a closer look at geico. great savings. and a whole lot more.
donald trump's first big move as president-elect. hiring a washington insider and controversial outsider. welcome back to "early start." i'm victor blackwell in for john berman. >> and i'm christine romans. new this morning, one of trump's first picking of a top white house aide is drawing condemnation. trump chosen chairman reince priebus as chief of staff and steve bannon as strategist. it is bannon which has people in an uproar because of his other job as alt-right breitbart news ceo. and he had the first sit-down tv interview since election day. for the men on who will be running the white house, let's bring in chris frates from
washington. >> reporter: good morning, christine. president-elect trump named reince priebus as chief of staff. and steve bannon as the strategist. he put priebus in one of the most powerful positions in washington. prieb priebus' insider credited is balanced out by bannon. they will continue the effective leadership team they formed during the campaign to work together as equal partners to make the government more effective. priebus is known in the beltway and has good working relationships with republicans on capitol hill. people like senator mcconnell and house speaker paul ryan. he has been a long time friend of priebus. those relationships and priebus' knowledge of how washington works could be key in helping trump pass legislative agenda
through congress. bannon, the trump campaign ceo also ran breitbart news. the site accused of racist and sexist and anti-semitic audiences. he has been critical of the gop establishment. both men will advise donald trump. victor and christine. thank you. hate watch dog groups are slamming the breitbart boss as chief strategist. the anti-defamation league said it is a sad day when a man who presided over the web site of the alt-right is slated to be a senior staff member in the people's house. >> the southern poverty law center scolding the president-elect for the hire. trump should rescind the hire. in the victory speech, he intended to be president for all americans. >> and this from retiring senate
leader harry reid escalating attacks on the new president. president-elect's selection of bannon will be represented at the highest levels of hate in the white house. >> and one of several incidents happened at a church in a heavily latino neighborhood outside of washington. graffiti reading trump nation. whites only discovered on a wall and on a sign advertising spanish language services. washington's bishop calling on trump to speak out against the vandali vandalism. >> trump talked about it on sunday with the first sit down interview since winning the election on "60 minutes." donald trump was pressed to address acts of violence that his supporters reportedly committed in his name. >> i would say don't do it. that's terrible. i'm going to bring this country
together. >> they are harassing latinos and muslims. >> i am so saddened to hear that. i say stop it. if it helps. i will say this and right to the cameras. stop it. >> let's break down the latest on the trump transition and what we are learning about the policies with political reporter eugene scott. good monday morning to you. welcome back. we love it when you get up early for us. on "60 minutes," president-elect trump sat down and talked to lesley stahl. deportation and building a physical wall along the entire border. we heard that over and over for the last 15 months. this is what he said last night about the immigration policies. >> you are really going to build a wall? >> yes. >> they are talking about a fence in the republican congress. would you accept a fence? >> for certain areas i would. >> talk about the pledge to
deport millions and millions of undocumented immigrants. >> what we are going to do is get the people that are criminal and criminal records, gang members, drug dealers. we have a lot of these people. probably 2 million or maybe 3 million. we are getting them out of the country or incarcerate. we are getting them out of the country. they are here illegally. after the border is secured and everything gets normalized. we will make a determination. >> some of that sounds like current policy. president obama has been criticized for having a deportation force. we already have areas of the border with mexico that is a fence. is trump walking back some of the promises that were so popular? >> we certainly didn't see him say he will build the biggest wall with the most beautiful door which is what he said on the campaign trail. i think what he has realized is
a significant percentage of republicans do not support deporting and do not support building the wall. now he has their support and they helped elect them, he has to realize he is serving multiple demographics and compromise. that is what reince priebus is helping him do. >> he sounds like a washington politici politician. you have to horse trade. >> he has been a politician since his campaign. you cannot run for president and not be a politician. we're going to see more of this. >> let's talk about the supreme court. for some people who were not passionate about donald trump, that is what they leaned on. we will support donald trump for the presidency. i want you to listen to two important issues and his nominees to the court. >> will you appoint or are you looking to appoint a justice to overturn roe v wade? >> i'm pro life. the judges will be pro life.
if it were overturned, it would go back to the states. >> some women would not get an abortion. >> it will go back to the states. >> do you want -- >> it will have to go to another state. >> do you support marriage equality? >> it is irrelevant. it's done. >> if you appoint a judge -- >> it is done. these cases have gone to the supreme court. they have been settled. i'm fine with that. >> as it relates to abortion rights, he is asking the discussion if he sends a justice to tip it to overturn roe v wade. >> that is interesting. that is done and settled according to the supreme court. many hope he appoints a judge who is pro life. you have to send it back to the
states first. it is not the slam dunk that so many think it will be. people have various views on the issues. even within the group of people who support it. he has to listen to more of them. it is not as simple of saying this is what i want. this is what's going to happen. >> let's talk about the transition team. his kids are on there. his son-in-law is on there. they will take care of his business. that is interesting overlap. raises questions. potentially about conflict of interest. he made a couple of appointments. reince priebus and bannon. >> it is not that surprising they are on the transition team. they were key advisers on the campaign. it is against federal law for them to have staff positions in the administration. you can't hire them. the reality is you don't have to have a job within the white house officially to be a strong adviser. we should expect them to continue being strong advisers. especially ivanka on issues related to women and mothers. and jared kuschner with policy
and strategy dealings. >> thank you, eugene scott. this afternoon, president obama will hold his first news conference since donald trump was elected to succeed him. this comes before president obama is leaving for his final overseas trip. despite donald trump's stated intent to undo the top obama initiatives. he will travel to greece and germany and peru. carl icahn doesn't agree with every one of the policies. trump's plans to repeal wall street regulations may not be the right answer. he does support the proposals to deregulate other areas of business. icahn thinks federal reserve had no choice to keep interest rates
low. when asked about his temperament. >> the country must take a different approach. the country must go in and be a friend to business. and for eight years, we have been anything but that. now this is the hope. you have to do it. if you don't do it, we will lose our germany. >> icahn will not join the trump administration. he never worked for anyone in his life. he will not stop now. >> donald trump suggested several times on the campaign trail he will bring in carl icahn to be part of the team. he said i have a job. >> he is not a fan of administration. let's talk about the seahawks and the patriots. a rematch of one of the most thrilling super bowls ever. hines ward with the details in the bleacher report next. the pursuit of healthier.
it begins from the second we're born. because, healthier doesn't happen all by itself. it needs to be earned every day. using wellness to keep away illness. and believing a single life can be made better by millions of others. as a health services and innovation company optum powers modern healthcare by connecting every part of it.
all right. the dallas cowboys winners of eight games in a row. taking down steelers yesterday. >> speaking of the steelers. one of the greatest of all time. hines ward with the bleacher report. >> good morning, guys. this really hurts me. hands down, this was the game of the week and possibly of the year so far. you have to be impressed with rookie quarterback dak prescott. he went toe-to-toe with steelers ben roethlisberger. you find him stepping up and finds dez bryant for the touchdown. you see bryant reaching for the sky for his dad who passed on saturday. and big ben fakes the spike and throws to antonio brown for the touchdown. dallas wasn't done. ezekiel elliott runs untouched
for the game winner. cowboys go on to win 35-30. seahawks and patriots in the rematch of the super bowl two years ago. hooking up three times. four touchdowns including this one late to put seattle up. the patriots had a chance at end. rob gronkowski with no call on the play. and for the seahawks, they get redemption, 31-24. three of the top four team notice playoff ranks lost. clem ton, michigan. they all go down. alabama is the only undefeated team in the ranking. the polls come out tuesday night. anybody can guess who is in the top four. it was a sold-out crowd at madison square garden. you had nick jonas and edell
beckham. they came out to see conor mcgregor. making conor the first ufc fighter to hold two belts in the two weight classes at the same time. i love to watch ufc. he is a bad man. you don't want to mess with this guy. >> thanks, hines. nice to see you. let's see what is coming up on "new day." chris cuomo. >> still talking about ufc 205. it was the best fight card i have seen since i was, you know, under 10 years of age. it was the glamour and majesty of fighting at madison square garden. that is what the deal was in the '70s. all the tape we see. the big stars were there in
part, christine, they did something clever. they he bought the ufc, the wme group, they sold slices to big celebrities. they had the draw. conor mcgregor is the new ali. not in the majesty and world political view. the brashness. he put his hands behind his back with eddie alvarez. >> cuomo is inspired here. >> that guy dismantled a champion in a way i have not seen in a long time. when he won, he is cursing in the microphone. where is my belt? where is my second belt. when dana white came in, he doesn't look at him. he snatches the belt and puts it over his shoulder. he said this allows me to apologize and goes and says to no one. it was amazing. that was ufc 205.
we will talk about the election here. we are seeing things in the president-elect that demand analysis. his positions seem to change. certainly from what he promised during the campaign. when i see seem, they are. some are staying as extreme. although he promised to shift off them in the immediate aftermath. some may be lighter. we will take you through that. then there is the reflection of what this presidential administration will be. who is around the president? he just put steve bannon, the breitbart guy in a position of power that demands scrutiny. this man is not another political operative. he is certainly not a journalist. we will talk about him and what the advisers say. why there is so much opposition from organizations. from the southern policy law center and adl. we have trump communications director on this morning to make the case. there is the revelation in the
2016 election coming up on the show. we will talk about whether or not it is true that donald trump was thinking about getting out of the race. what do you think of that? do you believe it? >> no. i think he wanted this from day one and he was single-minded. i will listen to your interview. >> early on, melania said if you get in, you will win. he stayed in and did it. looking forward. thanks, chris. thanks for the primer on ufc fighting. thank you. the stock market has been in a rally since donald trump was elected. the bond market is giving us clues to what the trump economy will look like. hint. your mortgage rates are heading higher. cnn money stream next. hey build their businesses and careers. my name is yasmin belo-osagie and i'm a co-founder at she leads africa. i definitely could not do my job without technology. this windows 10 device,
i am proud of you, my man. making simple, smart cash back choices... with quicksilver from capital one. you're earning unlimited 1.5% cash back on every purchase, everywhere. like on that new laptop. quicksilver keeps things simple, gary. and smart, like you! and i like that. i guess i am pretty smart. don't let that go to your head, gary. what's in your wallet?
president xi jinping. after months of tough talk of the china and u.s. trade relationship, the phone call proved to be the latest form for trump to separate the campaign rhetoric from the policies for the administration. cnn's matt rivers has more on the story for what will happen when the men meet face-to-face. >> reporter: there is plenty left to be said face-to-face. as we have been learning, this call is an introduction call. a diplomatic niceity. you are talking about how the u.s. and china are working together. reporting that president jinping told donald trump that it is proven to cooperate is the correct thing to do. and donald trump said the two
leaders will have the strongest relationship moving forward. ha harmony at the moment. that is a stark contrast from donald trump on the campaign trail over the last 18 months. it was back in may that he accused china of raping the u.s. economically. calling it the greatest theft in the history of the world. china was a consistent target for the trump campaign. certainly a reason for rally cry for the middle class voters that voted trump in oval office. how that effects the diplomatic relationship moving forward, we are not sure yet. they have a trade relationship worth hundreds of billions of dollars. these two countries have to deal with each other moving forward diplomat diplomatically. >> matt rivers in beijing. matt, thank you. let's go to new zealand where two deaths have been reported following a powerful earthquake and aftershocks. first the quake at 7.8 magnitude
after midnight. hours later, a 6.2 magnitude aftershock that rattled the south island. the prime minister surveying the damage as utter devastation. new zealand is on the pacific rim active ring of fire. let's get a check on cnn money stream. dow futures pushing higher. the stock market building on its post-election bounce. the trump honeymoon. stocks in europe are rising. shares in asia closed mixed. investors dumping gold. the stock market rally has been impressive. you may recall global investors were worried about the donald trump presidency and now after the calm and measured acceptance speech, they like him. and the move of the bond market. telling us about the trump economy. higher inflation. faster growth. rising interest rates. more risk. look at the move in bonds.
the yield on the ten-year is 2.23%. on the day of the election, 1.85%. what does this mean? investors selling bonds. buying stocks. when bond prices fall, yields rise. mortgage rates are tied to the yield. it signals mortgage rates will increase. going forward. the bond market is the more r y reliable indication of the market. and peter thiel will be part of the transition team. thiel co- founded paypal. he is a board member of facebook. he donated more than $1 million in the trump campaign in the final weeks. how will he help trump? the mission of our team will be clear. put together the highly qualified group of successful
leaders to implement change agenda in washington. and on the transition team, don jr. and eric and ivanka trump. trump pledged to move control of the assets while he is in the white house. what they are saying on wall street is they think he will try to be a transactional president. tax reform and infrastructure and tax cuts. it means cutting regulations with gop control of the house and senate. there's hope that stuff could get done. that's what it likes. that's "early start." i'm christine romans. >> i'm victor blackwell. >> donald trump's policies already have some upset. "new day" starts right now. >> i trust donald trump. >> the first white house hire. >> we will not accept racism. >> don't be afraid. we will bring our country back. >> obamacare is failing.
>> it will be repealed and replaced. >> we don't want to disrupt the nation. >> i don't want to hurt them. she did some bad things. >> not my president. >> i will give him a chance. we, the historically disfranchise, deserve one too. >> this is "new day" with chris cuomo and alisyn camerota. >> welcome to "new day." alisyn is off. poppy harlow is with us. donald trump making the first official staff hire. the top two political advisors are in place. reince priebus. he is the head of the rnc. you remember trump used to attack during the primaries and steve bannon. this man is a promoter of the alt-right. >> we will talk what that means
to you. in the meantime, donald trump is sitting down for the first interview as president-elect with "60 minutes" discussing the top priorities appearing to actually soften on some of the big promises he made on the phil mattingly in washington. good morning, phil. >> we hear it repeatedly. personnel is policy. as republicans and democrats try to mean what a trump presidency will mean. they're pointing to his first hi hires. those will tell the story. we got a bit of an indicator of what that trump presidency will look like. on the other, a major increase in those concerns. president-elect donald trump's administration starting to take shape. trump naming rnc chairman reince priebus as his chief of staff and campaign ceo steve