amendments was descent against government because they were trying to seal opinion. gentlemen, thank you very much. we appreciate it. following a lot of news this morning. some important weather information to get you. let's get right to it. >> the people he selected are solid and effective, capable people. >> he has a choice to make as to who he feels most comfortable with. >> washington republicans plotting a war on seepier iseni. democrats will not let them win. >> a president-elect to save 1,000 manufacturing jobs in indiana. >> if he does it, kudos to him. >> i will believe it when i see it. smoke was so thick we couldn't breathe. >> flames were just everywhere. >> this is the largest fire in the last 100 years in the state of tennessee. >> dear god. >> announcer: this is "new day" with chris cuomo and alisyn
camerota. mitt romney publicly praising president-elect donald trump after months of calling him phony and a fraud. so this private meeting comes amid speculation that president-elect trump is considering mitt romney, still, for secretary of state. so, will these campaign enemies somehow become allies? >> the power of a fancy dinner. we'll get into that and what it means. also, cnn has learned trump has two top posts decided. the people who will decide a big part of your economic future. the president-elect is also touting a deal to save 1,000 manufacturing jobs in indiana. we'll look at how he got that done. let's begin with cnn's sara murray live in washington. the president-elect busy on twitter, once again. >> he is absolutely. he is busy on twitter and busy with his cabinet. the announcements we were expecting this morning are we
expect him to pick steve mnuchin and close adviser to be the treasury secretary. will loyalty matter for all these positions? donald trump still not showing his hand on which way he's leaning on secretary of state. donald trump and mitt romney putting their past differences aside, at least for dinner. the two talking foreign policy, alongside trump's chief of staff reince priebus over garlic soup and sauteed frog legs at a high-end restaurant inside trump's international hotel in new york. >> president-elect, looking at the next secretary of state right here? >> we'll see what happens. >> reporter: romney speaking to reporters after the meal showering praise on trump and the transition. >> we have another discussion about affairs throughout the world and these discussions i have had with him have been enlightening and interesting and engaging. i've enjoyed them very, very much. >> reporter: and lauding the
president-elect's accomplishments where he fell short in 2012. >> it's not easy winning. he did something i tried to do and was unsuccessful in accomplishing and he won the general election and he continues with a message of inclusion and bringing people together. >> reporter: romney's remarks a sharp contrast to their bitter rivalry on the campaign trail. >> donald trump is a phony, a fraud. >> mitt was a disaster as a candidate. >> reporter: the ongoing secretary of state search coming as sources tell cnn trump is expected to roll out his economic team today. former goldman sachs banker steve mnuchin as treasury secretary. heading opfirm that made big money off of foreclosures. the dnc calling out trump's pledge to drain the swamp. dubbing mnuchin a billionaire hedge fund manager and goldman sachs who preyed on homeowners struggling during the recession.
>> reporter: to save at least 1,000 jobs at it factories in indiana. but so far the details of the deal haven't been announced. now, we're expecting donald trump and mike pence to actually visit that carrier plant on thursday to tout making good on one of their campaign promises. but i want to bring you to donald trump's tweet storm of the morning because he is teasing another public appearance that's a press conference on december 15th in new york city. donald trump saying he's going to appear with his children and basically roll out the plans for how he's going to sever ties with his businesses. it's interesting, in this sort of spree of tweets he points out that technically, technically there is no conflict of interest law for the president. but says he thinks it's visually important to show how he is going to be separating himself from his business. as of otoday, it's been 126 days
since he held a formal press conference. plenty of questions for the president-elect come december. back to you guys. >> we'll get deeper into what trump's obligations are as president. there is no law but absence of a specific law does not mean absence of responsibility. breaking news in the transition of power president-elect donald trump has made two big picks to his cabinet. first wall street veteran goldman sachs partner former steven mnuchin confirming on another network moments ago he will become the next u.s. secretary. he is a hollywood insider now, a movie executive. he's produced two feature films and he's financed other films like "avatar" and "x-men." choosing wilbur ross to be his commerce secretary. ross made a name for himself in business by rebuilding faltering companies. much more on these appointments throughout the morning. alisyn. we're joined now by
republican congresswoman from tennessee marsha blackburn. good morning, congresswoman. >> good morning. >> let's talk about this dinner last night between mitt romney and the president-elect. where do you think mr. trump's head is now on mitt romney? >> what you're seeing from mr. trump is extending the hand of friendship and fellowship to mr. romney. i think this sends the appropriate message. i was delighted to see that they took the time to have dinner last night. i just wish i had been there for that chocolate dessert. i'm such a chocoholic. >> i would have skipped the frog leg appetizer. >> i couldn't have gone there either. you know, i would have skipped that. but i tell you what, let's line-up for that chocolate cake. >> do you think the chocolate cake and any of the other tea leaves that we're reading from this dinner suggests that mitt romney is going to get secretary of state?
>> mr. trump is going to know the answer to that. and i am fully confident that what he is going to do is build out a cabinet and a team that will work closely with him. it's a heavy lift when you look at reorganizing, reinventing, right sizing the federal government. it has grown so big and bureaucratic and bloated. we have complaints all the time from our constituents about labor rules and the epa and the overreach there. and, so, i think that what he's going to do is find the best fit. leadership is about putting the right person in the right cue. and that's what he's doing. >> when do you think you'll have that answer? what is hiss time frame? >> well, he's ahead of schedule, actually. if you look at past presidents and how they built out their cabinets and what he is doing is going through and putting this first wave, as you would call it, the secretaries and the cabinet level positions in place. and then he's going to move on
to what you would call the second and third wave. the deputies and the assistants and the heads of different agencies that are going to be a part of going through and making certain that the federal government is to the point that it's workable. it's gotten to the point that it's not workable. anybody who has tried to call the irs and get a straight answer knows that. >> so, for the first wave, do you think that we'll be hearing something in the next 48 hours about secretary of state? >> i'm not sure about that. i think that mr. trump is going through his vetting timetable. when he is comfortable and feels that he is on the same page with someone, i think he'll move forward and make that announcement. i appreciate the personal touch that he is bringing to every one of these choices. the amount of time that he is spending sitting down with individuals and seeing where they are, what they would do and how that meshes with his vision. you know, if you've got your
team on the right page with you, then it is going to be a much easier task in leading that team. and, so, i think he's doing, he's going about it the right way. little bit untraditional, i think it's the right way. >> we do know that he has named steve mnuchin for treasury secretary. >> yes. >> here's what the dnc has put out about that pick. i will read it for you. so much for draining the swamp nominating steve mnuchin a billionaire hedge fund manager and goldman sachs alumnist who preyed on homeowners struggling during the recession is a slap in the face to voters who hoped he would shake up washington. your response? >> i would expect nothing less from the dnc. >> do you think what their accusation that he preyed on homeowners. he is not the right person who personifies draining the swamp. >> what they're not doing is looking at the whole and total of his experience. and he brings a wide and vast
experience. he is a talented individual. personally, i appreciate the fact that he has an appreciation for the value of intellectual property. not only does that underpin our economy, it underpins our trade. so much of our trade now is based on intellectual property and intellectual property based product. when you look at entertainment being our number two trade item. and this is an export for us. so, to have someone that, yes, understands the financial systems that, yes, understands that entire underpinning of the economy and appreciates intellectual property and what that brings to the table, i think that is a rounding of experience that generally we're not going to see in someone. that's one of the good things with building out this cabinet.
there is an innerjection of a wholeness and roundness of experience that you may not have seen in previous nominations. take a look at elaine chao she knows how to run a department, she ran labor very efficiently when she was secretary of labor. she and i had the opportunity to work together with general petrae petrae petraeus' wife, holly. and worked on military spouse jobs programs that went into place in ft. campbell, which is located in my district, right there on the kentucky/tennessee border. and very innovative. entrepreneurial government is what the american people want to see. downsizing of the federal government. devolution of power and money back to the states and localities. it's time for it and it's what you're going to get. >> congresswoman blackburn, thanks for sharing your perspective. let's get over to chris. another big pick from the
president-elect trump's pick for health and human services secretary is congressman tom price. he has definite ideas that he's written up in several plans about how to repeal and replace obama care. many of them did not get support from his own leadership. they were seen as extreme. so, will he be able to keep everyone who currently is insured with care and make it less affordable at the same time? dr. emmanuel joins us now with his reaction. he is currently the chair of medic medical ethics at the university of pennsylvania and former of health policy to the office of management and budget at the white house. doctor, good to have you with us, as always. you know who tom price is and what he thinks about obama care. the important discussion is what
he'll do. it seems the mandate is going to go away. an advocate of his just on the show, congressman burgess said it makes no sense the mandate. we're going to get rid of it. it's an invasion of liberty. we're going to create cost effectiveness without forcing everybody to buy in. your thought. >> well, you cannot have the pre-existing disease exclusion that insurance can't deny health care, health insurance to people who have cancer or heart disease or multiple sclerosis or other conditions without something like a mandate that forces everyone to be in the system and get insurance and pay in before, when they need it and before they need it. you can't have people come in and get insurance when they're sick and get a cost effective system. we know that doesn't work. it's been proven over and over that it doesn't work. the republicans will not have that pre-existing disease exclusion which, by the way, 80%
of the american public wants or they are going to have to find some other way, without calling it a mandate, of actually getting people in and buying insurance. otherwise, there's no cost effectiveness to their plan. >> he says that we're going to put a condition on the pre-existing condition coverage that as long as you continue your coverage for 10 to 18 months, the companies have to keep covering you and that's how they'll take care of that and they'll go back to the idea of a high-risk pool where you put money in. you'll put in millions of dollars to fund that threshold instead of a mandate. they'll pay money in to support the high-risk health care. >> so, there are two things to note. first, requiring you to have continuous insurance. that sounds like a mandate to me without calling it a mandate. all right. it's a requirement on people to have insurance, otherwise they can't get insurance. so, you doent han't have to cal
mandate and to quote/unquote force people to buy insurance. the second thing is these high-risk pools. tom price has actually proposed very little money for the high-risk pools. not enough to cover by any stretch of the imagination all the people. which means many people with diseases such as emphysema and kidney failure will not be able to get insurance in the high-risk pools. and, by the way, high-risk pools are terribly inefficient way of providing coverage. so, it's not going to be the most efficient way of spending government money. so, you can get some people in high-risk pools. it's the way tom price has suggested it with $3 billion is substantially underfunded. even his colleague, paul ryan, suggested $25 billion to cover the people in high-risk pools. so, having a small amount of money will not do it. i might also point out one very big difference between tom price
and president-elect trump. that is their support for medicare. tom price has never been a supporter of medicare. he wants to privatize it and get rid of it as a government program, even though it's enormously popular and president-elect trump has said that he wants to keep medicare. he thinks it's a wonderful program and he's been very supportive of it during the campaign. so, that actually is a big difference between the two of them. i don't know how they're going to sort that one out because it's a major policy divide. >> but price loses, right, because he is the cabinet secretary and the other man is president of the united states. one of the other things that came up in the offering. again, zek, we'll do this in phases. we'll see what gets proposed and people get a sense of this. >> right now we're speculating. >> but, he's put out points from his former plans that he has to believe in. his ideas have been out there and one that he is big on is saying, you know, even bill clinton talked about all these
high premiums that everybody is getting. you're getting twice as much and getting half the care. we'll help these people who are paying for their own health care by giving them tax credits towards the money to offset the money that they pay for health care and to a lot of voters, that sounds like a great idea. what is your critique on that? >> well, say you're 35 years old, mr. price's suggestion is you get a $1,200 tax credit. let me tell you what your health insurance bill is likely to be. likely to be between $4,000 and $5,000. at 35 years of age, that means you're going to spend $2,800 to $3,800 of your own money for insurance. in addition, representative price's proposal will give tax credits to people like bill gates, warren buffett, elon musk to buy insurance. that makes no economic sense. finally, his tax credits are not linked to how much you earn. so, poorer people get the same tax credit as people who make,
say, $100,000, $150,000. that also doesn't make sense because they have a less ability to buy insurance. one of the consequences is that independent analyses of these kinds of proposals like representative price's have suggested somewhere around 9, 12, 15 million people will lose coverage compared to obama care. that is a huge number. these tax credits are the -- obama care has tax credits, too, in them. that's part of the subsidies that they get for buying insurance on the exchanges. and the obama tax credits are more generous than representative price's. so, if you like representative price's, you should like the subsidies under obama care even more. >> well, one of the big questionmarks going forward is how will they keep all the people covered who are covered currently, especially poorer people. we'll check back with you about this. >> let me just suggest, independent analyses of representative ryan's plan, senator hatch's plan and
representative price's plan have shown that they will not keep as many people covered as president obama's affordable care act has kept covered. they will have millions of people losing coverage. so, there should be no question about that. that's what the analyses suggest. >> we understand the concern, but we have to see what they actually do and we'll come back to you when we know. thank you very much, appreciate it, as always. >> thank you for having me. i appreciate it. >> alisyn? how are donald trump supporters feeling about what the president-elect has delivered so far? up next, the reporter who crisscrossed the country in the days before the election talking to trump supporters brings us their thoughts now.
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the intense wildfire fight in eastern tennessee has now turned deadly. three people have lost their lives so far. several families are still looking for missing loved ones. the wildfires have consumed 15,000 acres. hundreds of homes, businesses burned to the ground. we have cnn meteorologist jennifer grey live in gatlinburg with the latest and the scariest stories are the unknown.
people who are looking for their families in these community centers. what is stalling all the communications? is it just the frenzy of fighting the fires, what are they telling you? >> well, a lot of these areas are blocked off because we still have active wildfires. so, i think crews want to make sure that those areas are safe before they can get back in. we just talked with one man and he said he was given a list of addresses in his neighborhood, 36 homes were burned. he thinks his is okay. that is one more step forward to giving people at least a sense of peace or a sense of closure during these horrific times. >> this is crazy. >> reporter: search and rescue efforts under way this morning in fire-ravaged eastern tennessee. >> this is the largest fire in the last 100 years in the state of tennessee. >> reporter: firefighters continuing to put out flames, and bracing for the possibility
of spot fires after a terrifying 24 hours that left at least 250 homes and businesses destroyed. and forced more than 14,000 residents and tourists to flee to nearby shelters. >> you just don't know what to do. i mean, you sit there and you're expecting to come on a vacation and, again, find out that you can't get back to your family. >> reporter: drivers capturing terrifying video as they scrambled to escape the fires monday night. at least three people have died since the flames spread with little warning. officials now say the fire is human caused. denise and her fiancee, mark, were esleep whasleep when the i reached their doorstep. police rescuing them just in time. >> flames were everywhere. embers flying everywhere. it was a nightmare. >> reporter: like many others, they are unsure when they can return home or what they'll find. >> that's the hard part.
you just don't know if it's still going to be there or not and we may go back to absolutely nothing. but we have each other. and that's all that matters. we made it out with our lives. >> reporter: others praying their loved ones are safe. michael reid has not heard from his wife or two daughters since monday night, as they tried to escape. >> i've called the other shelters here and they said she isn't there. just hoping for a miracle. >> reporter: and just a sense of despair and desperation living through this nightmare. of course, it is raining now. we have some heavy rain overnight. again should be raining most of the day. the sooner they can get these fires out, the sooner people can return to their homes, alisyn. the rain is definitely helping things. >> jennifer, that is just so heartbreaking. we're praying for that man that he can find his family, as well as everybody down there. we'll check back in with you throughout the program. thank you. okay. back to how are donald trump's
supporters feeling today about what they've seen thus far from the president-elect. do they like his cabinet picks? his tweets, his pivots on some of his promises? let's bring in "new york post" columnist talking to trump supporters before and you continue to talk to them now. >> thanks for having me. >> let's talk about the big coup that mr. trump has announced last night. he has secured a deal with carrier air conditioning to keep 1,000 jobs in indiana that were set to go to mexico. you're going to carrier tomorrow. >> i am. >> you went before the election and talked to those folks. did they think he was going to be able to deliver on that promise? >> you know, there was such a sense of uncertainty and instability and people were afraid to pin their hopes on that. but he may a convincing argument that he was going to do it and he had their back. and last night carrier tweeted
that a deal had been made and there would be at least 1,000 jobs kept in the town. i think it was a total of 1,400 that were going to be moved. so that's a big deal. >> that's like a drop the mike moment because he's not president yet. >> no. >> this is what people always said about him. he's a dealmaker. >> he's a dealmaker. people couldn't understand why blue collar workers, you know, found this billionaire manhattanite sort of appealing. but he is appealing because he makes deals and nobody -- for them, they believe that nobody has made any deals for them in a very long time. he won states like michigan, wisconsin, indiana, ohio, pennsylvania. no republican has done that since reagan and eisenhower. that's it. >> now, mind you, we don't know what the deal is. >> well, that is true. >> we don't know what they were promised and hopefully all of that will come out. we in the press certainly like to know the nitty-gritty of
these details. let's talk about some of the tweets that he sent out in the past 48 hours. millions of people voted illegally and that is not true. he would jail people if they burned. it is protected by the supreme court and the constitution. do his supporters care about these tweets? do these things fire him up? >> he has fed off of their support the entire time. he gets energized by it. it makes him feel connected to them, especially when he was doing rallies. and he doesn't have that ability to do that for the past three weeks. this is a way to connect with them and a way for them to connect with him. which is important. >> when he sends out erroneous things, just flat out false. they forgive that. >> just like they forgive it at rallies. >> and why do they not demand the truth? >> well, i think they expect it
in his actions, but not in his rhetoric. so, they look at his rhetoric as a way to get excited and get connected and he's talking the way that they would probably talk at the water cooler or at the diner or the coffee shop or whatever. people tend to exaggerate when they're discussing things of big consequence. >> and he's talking about how they feel. yeah, people should be jailed for burning the flag even though technically that's not where we are in this country. >> exactly. if you looked at what democratic u.s. senator joe manchin from west virginia said yesterday. he would kick them in the posterior if they did that. >> most americans feel that way. >> they do feel that way. >> mitt romney said in no uncertain terms during the campaign that he did not believe that donald trump was fit to become president. now, they're breaking bread. it's possible mitt romney will
become secretary of state. how do donald trump supporters feel about something like this? do they feel betrayed? >> this is a no big deal. they like the idea of all different varieties and types of people. he ran a nonideological race. so, this is not about like more conservative or, you know, less conservative or a democrat or, you know, the criticisms. i mean, we have a great history of doing that. if we would look back at what he said about lincoln when he ran against him in 1860 and then became secretary of state. we tend to bring our rivals on because we know they're the ones that kept us on our toes. >> donald trump supporters don't see that as a betrayal because they're looking for deals. >> they're looking for deals and looking for stuff to get done and they're looking for people with knowledge. you know, people think, oh, they want this blue collar hero. no, they don't. they want someone that is going to accomplish things.
that offers tangible benefits to their lives and livelihoods and their communities. >> we are going to be sitting down with some of donald trump's supporters today and we'll bring that to everyone tomorrow on the program. let's get over to chris. >> news out of norway, nerves are on edge there over the possibility of russian aggression. hundreds of u.s. marines are heading there soon. will president-elect donald trump talk of reevaluating nato. is that what sparked this new aggression? we'll give you the details next. see me. don't stare at me. see me. see me. see me to know that psoriasis is just something that i have. i'm not contagious. see me to know that... ...i won't stop until i find what works. discover cosentyx, a different kind of medicine for moderate to severe plaque psoriasis. proven to help the majority of people find clear or almost clear skin. 8 out of 10 people saw 75% skin clearance at 3 months. while the majority saw 90% clearance.
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that plane chartered by a bra l brazilian soccer team may have run out of fuel minutes before it crashed just miles from the airport. at least 71 people died including most members of the soccer team. six people, though, survived. brazil is observing three days of mourning. authorities say the ohio state university attacker was likely inspired by isis and specifically the late yemini clearic al awlaki. the sumolly born student was killed by a campus police officer. investigators say no evidence he was an isis soldier. this appears to be one more of those lone wolf attacks. president-elect trump tweeting this morning about the case,
taking credit for why this man should have been excl-- the pipeline apparently ruptured on a private field away from any homes. the gas was immediately shut off and fire crews rushed to the scene. no flights were affected and no one was hurt. the cause of this explosion is under investigation. so, hundreds of u.s. marines are going to be stationed in norway coming this january. why? to help that country prepare against potential aggression from russia. the action coming on the heels of president-elect donald trump's wavering commitment to nato. cnn's senior international correspondent nick payton walsh had exclusive access to the training exercise going on in northern europe. he joins us right now. help us understand what is exactly going on here because this comes out of no where. >> donald trump on the campaign talks about the need to revisit the nato alliance. if you attack one of them, you
get all of them. that makes people right next to russia with historically good relations, but who have a lot of nerves after seeing what russia did in ukraine, one of its other western neighbors need extra assurances from washington. what we saw ourselves in the very frosty north the beginning of an increased american presence starting in january and that's all about trying to make sure the norwegians feel safe that americans have their back. here's what we saw. just got very cold again for these u.s. marines training with tanks in norway on the eastern border of nato. moving towards the fake enemy positions, but this kind of exercise since russia's moves in ukraine have taken on a new realism and urgency. in january, 300 marines were moved to norway permanently. that's how worried about moscow's intentions they are. for now, a unit from north korea
are readying these tanks, normally stored deep in caves, but now the furthest north of the arctic circle they have ever been. these are war games about protecting europe. they know when the enemy isn't role playing it will probably be the newly emboldened russian military. >> in 2014 that was a clear sign that russia had stepped in an area where they are willing and able to use military. suddenly we have changed focus from what was going on particularly in afghanistan and to collect the defense, national defense. >> a change in focus somebody is watching. norwegian police investigating ten sightings of median-sized unidentified drones over these exercises. and the furthest point of the border you can go, an open game
of watching. when donald trump questioned america's commitment to nato and seems that could have land just there, it gets noticed here. so, did you hear about donald trump becoming u.s. president? >> yeah, i did. >> what do people think out here? >> i really have no idea. >> not really a russian invasion they worry about here, but really the sort of separatist uprising that russiarussia ferm in ukraine. we're heading out with the norwegian border patrol and presence on the ground being vital for them and insuring nothing happens with their at times unfriendly neighbor. that is the reason for the norwegian american tanks you saw earlier. even out here in the open pines and crisp snow, no matter what a
trump presidency brings enough muscle already here to enforce nato's promises of collective security. >> see russians at all? >> it happens. >> would you like to talk to them if you could? >> probably. but it's illegal. >> strange to hear norwegian nato members talk so vividly, again, about the russian threat. the constant unreal backdrop to this survival training happening tonight under a staggering display of the northern lights. not until now is being sure you're ready happen with such a sense of insecurity about europe's very borders that mount slowly as the trump presidency nears. >> wow, the beauty, the brutality of the conditions and the unknown. how many u.s. forces are we talking about? how long and what's their real role? >> just over 300. initially for a year trial period, but they're really there to make sure the equipment you
saw there, the tanks that are new, they've always been stored underground in caves in norway to keep them warm and functioning since the soviet times. but now being replenished and taken out to make sure that equipment is ready more regularly. really the underlying message is this nervousness about what vladimir putin's intentions are and what donald trump's desire is for a better relationship with russia for places like that where russia, as you saw, just a few feet away. >> what did they tell you about their concerns about a donald trump presidency? >> there's a fear that if he does what he said he was going to do on the campaign trail that it might be rewriting the security. if we get attacked, we can appeal to the united states to assist us. i think some of this training, some of these exercises are designed to make sure that there is already americans there so that if anything did happen, there's no question about the united states being involved in that fight. but just step back here. we're talking about rethinking decade's old certainty. the europeans always felt they
could rely upon. article five in that treaty that you would have collective security. an attack on one is an attack on all. what george bush evoked after 9/11. >> some of it predates trump. it shook that part of the world, wow, the u.s. really is staying out of this even though russia is rolling in and annexing half that country. >> two notions, really. to make those eastern neighbors of russia feel more secure. it's happening in estonia and norway, as you see there. just trying to make them feel that, yeah, we have your back, but, secondly donald trump's message how secure and how many will we rely on in the future? >> nick, good to see you in the warm studio. thanks so much for bringing that to us. donald trump promising in a series of tweets this morning that he will not have any conflicts of interest when he becomes president? what does he need to do about
news conference on december 15th, with his children, to discuss leaving his business in total to focus on running the country. trump says he will have, in no way, a conflict of interest. how will he do that? let's discuss with david renny, the washington bureau chief of "the economist." his latest article focuses on trump's business dealings. good to have you with us, david. part of the discussion has been answered for us. trump is now addressing this, saying he's going to come out and hopefully be somewhat transparent in how he's going to achieve this. let's start with the basic idea. why is this important trump dealing with apparent conflicts? >> well, i mean, he's an unusually rich man. he also has a very complicated, unusually, opaque business empire. very few kind of public accounts that you can read and make sense of what he owns. he has a lot of overcease assets and overseas investments. often involving powerful businessmen linked to foreign
governments. that is clearly a recipe for massive conflict of interest. i think what we said in "the economist" this week was the two unrealistic positions being put forward. one is donald trump's assertion that the if he hands off his businesses to his children that makes them arm's length and independent. we think that's not right. his children have no essential separate business identity from his own. they've always just worked for him. but the other unrealistic is for him to sell everything before he becomes president. we make a point that it takes at least a year to prepare an ipo for a well-run and transparent public company -- private company. he doesn't have a year. >> right. >> essentially if you were going to liquidate everything you'd be talking of a fire sale of his good assets. >> a lot of it is licensing deals and without trump's name and full faith of him behind it what's it worth? and the idea of a blind trust is also easy to say, hard to do, because again these aren't
shares in some company that he could just put into a blind trust, especially with his kids running it. so we have two different types of concern here. what's going to happen with the ongoing business interests that they already have. and how will he do business as president in a way that maybe a concern. you point out the example of the king of bahrain, the event taking place a month before trump is set to take office and you make an interesting allusion to an aspect of the constitution that many people won't know anything about, article 1, section 9, clause 8, it's the restriction on emoluments, this weird, arcane word that meant the articles of confederation about profiting from office, an old latin word. what does it mean in today's reality? >> so, you're right there is this emoluments clause and public officials are not aloud to benefit from essentially gifts with a political purpose. it's also about the optics.
it's astonishingly bad for governments like bahrain to think when they come to america, we've got this. we know how this works. this works as it does in say the arab world or uzbekistan. we go and book a big event in a hotel owned by the president or the family of the president, that happens in other countries. other countries think they understand that that's how the world works. it's not how it's meant to work in america. and it's really serious. there are serious, sensible, practical things that donald trump can do to make this go away. you say a blind trust is very hard. you're absolutely right. but he could consolidate all his businesses under one roof. he could have consolidated accounts and publish those, independent board of directors, an independent ceo is vital. he should promise not to make any new foreign investments, and essentially turn his business empire into a mature portfolio of domestic property businesses which provide the family with money through rental income. if he did that a lot of these problems would go away. >> all right. so, obviously, you're right, the
economist is political and people should look to their reporting on why they have these concerns about people coming to his events or paying for spaces that are his, once he's president of the united states. now, two more issues, one is should we be able to see the legal documents that he's talking about? of course it's a private company but you think as president of the united states there will be an ethical requirement on him to let there be scrutiny of these documents. and, two, what about his kids? if his kids are able to sit in on meetings with government officials from other countries, isn't that an inherent conflict? >> absolutely. and that's why we say that if he's going to keep these business assets, and we think he should be allowed to, he has to hand them over to an independent board of directors. say his kids will be arm's length just doesn't cut it. you're absolutely right. it doesn't cut it because for one thing we've already seen his daughter and son-in-law in meetings with the prime minister of japan. that's just not a clean way to separate your business, personal and government business.
but it's also -- his kids just aren't realistically independent business figures. they are his kids. they've always been attached to him up billically in business terms. it's a kind of -- it's a fake to say that they're -- that they can run independent business. >> what about seeing the documents, obviously transparency has been something he has rejected violently to this point. do you think these documents are something that need to be scrutinized to be believed? >> absolutely. beyond that we need to see consolidated accounts for his businesses. we don't know how much his businesses are already worth. we don't know who he owes money to. he hasn't published his tax returns. he has to understand that when he says confidently during the campaign that his supporters don't care about this stuff, that may have been, just mainly true during the campaign. but he's now president. and his whole world has changed. and we don't yet see evidence that he's fully brought that on board. >> one of the things that he's saying in his own defense is the law does not require this.
he's being a little cute with that, isn't he, david? there is no law specifically on this. but there's a lots of precedent for what the ethical requirements are that would show that running a business at the same time that you're president would be completely and wholly unacceptable. >> it is true that the law is silent on the president and vice president when it comes to the kind of conflicts of interest that might catch a lower official. but here's our appeal to donald trump, we put it in this week, does he really want his presidency to be consumed by this stuff? does he really want his entire kind of plan for making america great again to be side-tracked by endless accusations of conflict of interest? endless perceptions that he's up to no good. this could drown his presidency in bad publicity, investigations, and noise. he doesn't need to do this. there are perfectly sensible things he could do to make this go away, to give the business to a board of directors. we're not asking him to bankrupt
himself or sell the assets off cheap. we've just asking him to do something sensible which nods to the fact that the trump deserves a trump president who is not only obeying the law but obeys the spirit of the law. >> hmm. and yet it's still it's a unique situation where the value of the businesses so closely tied to the value of his name and that brand. david renny thank you very much for the reporting this morning appreciate it. we have a lot of news this morning. wild fires burning that we have to tell you about they've turned deadly. let's get to it. >> i've been impressed by what i've seen. >> he's going to make a tremendous difference as our next president. >> we'll see what happens. >> republicans who want to privatize medicare, go try it, make our day. >> i believe the president's health care law violates every single principle we hold dear. >> the president-elect has a deal to save 1,000 manufacturing jobs in indiana. >> this is crazy. >> the city on fire.
>> what a difficult 24 hours. >> there are flames everywhere. it was a firestorm. >> this is "new day" with chris cuomo and alisyn camerota. >> good morning, welcome to your "new day." it is wednesday, november 30th, 8:00 in the east. donald trump's economic team taking shape. we now know his pick for treasury secretary. it will be wall street veteran steve mnuchin, and we know that billionaire wilbur ross will be his choice for commerce secretary. both men confirming this morning that they got the nod. >> this comes after mr. trump dined with mitt romney last night and the question remains whether mr. trump will make his former vocal critics the nation's top diplomat. and this morning mr. trump made another big announcement, so we begin our hour with cnn's sara murray live in washington with all the latest. hi, sara. >> good morning, alisyn. the mnuchin pick for treasury is real little an indication of how much donald trump does