tv Early Start With John Berman and Christine Romans CNN December 14, 2016 2:00am-3:01am PST
story lines, business news, stories topics you all want in one feed. download it from the app store. "early start" continues right now. donald trump thank you tour making a stop in wisconsin. praising former adversary paul ryan, and preparing for battle to defend his pick for secretary of state. the big test. titans sitting down with the president-elect with a ceo who has feuded in the past. and the battle for aleppo. waiting to evacuate many, many displaced people as activists on the ground report new shelling. it's a heartbreaking story. good morning, welcome to "early start." i'm george howell. >> nice to see you again, george. i'm christine romans. it's wednesday, december 14th. it's 5:00 a.m. in the east. here's what happened overnight.
president-elect donald trump hit the next stop on the thank you tour in wisconsin. he turned a rally in wisconsin into a lovefest, praising one-time adversary paul ryan, speaker of the house. it wasn't all kumbaya. the president-elect waited for his next nominee, rex tillerson. he will face a battle in the senate confirmation over his ties to russia. cnn's jim accoosta has the late. >> reporter: george and christine, donald trump has taken another lap. trump praised tillerson's contacts around the world but he did not mention tillerson's past ties to russian president vladimir putin. trump also looked back to his election victory and thanks his biggest supporters here in the state of wisconsin including house speaker paul ryan who he praised in an unusual way.
here's more of what he had to say. >> speaker paul ryan, i've really come to -- oh, no, i've come to appreciate him. speaker paul ryan. where is the speaker? where is he? he has been -- i'll tell you, he has been terrific. you know honestly, he's like a fine wine. every day goes by, i get to appreciate his genius more and more. now, if he ever goes against me, i'm not going to say that, okay? he's a great guy. and we have some amazing things in store. we're going to work on taxes. we're going to work on obamacare. we're going to work on things and he's going to lead the way, so, thank you. >> reporter: even though it's been more than a month since elected president, trump could not resist taking one last shot at hillary clinton. asking everybody in the crowds whether anybody remembers her name. george and christine. republican congressman ryan zinke of montana is donald trump pick for interior secretary.
zinke is a 55-year-old ex-navy s.e.a.l. who received two bronze stars for combat missions in iraq. he's faced a great deal of criticism, though, from environmental and conservation groups as he joined the house in 2015. if confirmed, zinke would directly oversea the epa, that's an agency he has criticized for imposing too many restrictions on industry. rick perry is donald trump's nominee to head up the agency department one that he vowed to abolish. perry has questioned the science linking greenhouse emissions to climate change. also a candidate during the primaries he referred to trump as a cancer to conservatism and a barking carnival act. katrina pearson is seeking a position. she met with donald trump tuesday possibly to discuss becoming the white house press
secretary. on the agenda, the president-elect meets with top tech names at trump tower. long the silicon valley leaders, apple's tim cook. larry page, held of google company alphabet. also in attendance, amazon's jeff bezos. his combative relationship with trump could cast a shadow on today's meeting. i want to talk about the tech summit with our samuel burke joining us live from london. as you know, some of these tech titans have been either dismissive of the candidacy of donald trump. critical of his positions towards immigration. some of them outright hostile towards him and donald trump has been hostile back. although peter thiel, he's a contrarian, big investor in the sill yicon valley saying, look, need to get along here. what do you think is going to happen? >> christine, it felt like nearly all of silicon valley was against donald trump during the
campaign. peter thiel being one of the few exceptions. he's really the middleman between donald trump and the tech titans today at this meeting. and getting back to jeff bezos, that's the biggest elephant in the room in terms of person-to-person relationship. remember at one point, bezos said at one point trump's rhetoric is eroding democracy around its edges. take a look at these tweets that donald trump fired off aimed at jeff bezos head of amazon and "the washington post." and trump tweeted the @"washington post" loses money is deduction and gives owner jeff bezos power to screw public. congratulations at real donald trump i for one give him my most open mind and wish him success. it's interesting to see, we've
been reporting all morning how it seems that the relationship between trump and rick perry, the former governor of texas changed. perry calling him a cancer on the party. and it's interesting to see how trump's relationships can change very quickly. >> they talked to each other some of these messages via twitter. but the twitter founder will not be at this meeting. it's fascinating, of course. thank you, samuel. donald trump is now getting his daily intelligence briefings. three times a week. this is according to trump's spokesman sean spicer. we're also told that the president-elect is getting daily briefings by his pick for national security adviser michael flynn. flynn is attending the daily briefings every day. trump is taking heat for previously attending only one briefing a week. so much to talk about in the trump transition. i want to bring in cnn's zachary
wolf from washington. >> good morning. >> let's start with rex tillerson, the top diplomat on climate change, the middle east, just about on everything. someone who has spent his career at exxonmobil working around the world, doing his own sort of, you know, foreign diplomacy, on behalf of shareholders of an energy giant. now, he will be working on behalf of american citizens. listen last night how mr. trump tried to really sell what he sees as the assets of this candidate. >> rex will be a fierce advocate for interests around the world and has the insight and talent necessary to help reverse years of foreign policy blunders and disasters. very excited about rex. you know, rex is friendly with many in the leaders of the world that we don't get along with. some people don't like to. they don't want him to be
friendly. >> so team trump sees rex tillerson's ties with vladimir putin, by the way, as an advantage. they say he knows how he thinks. he has said no to vladimir putin before. and will be able to negotiate and make deals with putin that nobody else can. is this going to be a hard sell on the confirmation process? >> it is going to be a hard sale on the confirmation process. i think they're going to be skeptical on pickings but you've seen republicans, lindsey graham, john mccain, who have a deep distrust of vladimir putin and who have seen these reports the video of putin and tillerson. and know the deals that he's mailed with russia. and they just -- they can't, i think in their dna think that, wow, this is where we're going. but i'm sure because they have a republican president they'll have an open mind. mccain said he would. you can expect there will be
extremely tough confirmation hearings, even as republicans who really don't like putin ask tillerson these tough questions. it's going to be something to watch. >> let's talk about trump's cabinet. these are people, you know, during the campaign, he stressed to voters that he was really in it for the little guy. when you look at the people he's putting into these positions. they are incredibly wealthy big pocket people. $5.1 billion for the education secretary. health and human services there. 13. these are very wealthy people. >> looks like a boardroom, not a cabinet. >> yeah, yeah. so there's a question, will this play well with the people who decide donald trump is the person who would really speak for them? and then, zach, i want to you listen to this, donald trump was talking about these appointees and said they have incredibly high i.q.s, possibly the highest i.q.s of people who ever had the appointments. >> and i believe we're in the
process of putting together one of the great cabinets. certainly a contact with the highest i.q. that anybody has ever -- i mean, these are seriously great people. >> all right. now, there's been no scientific -- there's no study no data to support that claim. but here's the question, look. these are wealthy people. donald trump said he's getting the best of the best. will that play well with people who decided that donald trump was their man to speak for them? >> sure, why not. these are people who picked donald trump -- a billionaire. there was evidence of, you know, a lot of stuff that he did to benefit himself over people. they picked him because they thought he was going to be good for the country. i think there's this nationalist spirit running around right now in certain places. places that used to support democrats. so, i don't know necessarily picking rich people is going to be seen as a not. there are things that are helpful with the cabinet. it's the least diverse -- we did
numbers yesterday, the least diverse since 1989. that could be a problem in communities already that feel disenfranchise by donald trump. but sort of his core of people, the people who handed him the election, that blue wall in that rust belt states, i'm not sure appointing them will be the best. >> he said he's looking for the best, the brightest. it will be a matter of waiting to see. if by putting these people in these positions the success plays out the way he said it would. >> nice to see you. another big thing happening today. get ready for higher interest rates on the big ticket items you buy. the federal reserve wraps up its two-day policy meeting. this is what we expect, the fed will end with a rate hike, the same way it did in 2015. it did a rate hike and it stopped. now, things have changed. the economy is rolling. unemployment is down to 4.6%.
180,000 new jobs being added each month on average. gdp in third quarter, strongest in 2 1/2 years. prices are starting to rise. you're starting to get inflation, a by-product of a stronger economy. inflation starting to come in here. we're going to get fresh consumer price index readings on thursday. higher rates from the fed. this is what it means for you. borrowing costs are going up. this is not out in the atmosphere, guys. this hits millions of americans if you take out a new mortgage or home equity line of credit or an adjustable rate mortgage, you will pay more to borrow money. car loans are likely to get more expensive. if you run a balance on your credit card, you could see higher rates there. adjustable rate mortgages. you get the picture. if you're a saver, one of the big knots on the interest rates, savers have been screwed over the past few years.
>> the fed has been under pressure to do this for some time. during the election, that wasn't quite the time. now, they're making a move. >> some of us have argued that the fed is behind the curve. it was too cautious on the economy. and there was his strength on the economy all along. that the fed was not leaving itself enough room. something happened in the future to be able to adjust policy so it looks like it's going to happen. the big question is how much more after this that the fed says it's going to be as important as what the fed does today. >> and the legislature, they actually do things as well. we're also following a story of families caught up in carnage agency the end near for the battle of aleppo, can plan for a cease-fire and evacuations take hold. we have a live report, ahead.
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hammered out cease-fire and evacuation plan. but that agreement has yet to take effect on the ground. in fact, several buses stationed and ready to go to take the civilians to get the much needed medical care that they need, those buss have yet to take a single passenger. multiple act that visits in eastern aleppo say there's new attacks on rebel-held neighborhoods. cnn's jomana karadsheh is following this live this hour. jomana, is it fair to say, the fighting has ended in aleppo? >> well, the battle, clearly, for aleppo does seem to have ended. that is based on the sweeping gains we've seen the regime and their allies make over the past few days. the rebels and civilians who are left in there george, no one knows really how many there are. there are estimates it's tens of thousands, have been pushed into a very small enclave of what is left of eastern aleppo where
they are staying. now, it's a matter of how is this going to end. that was the question. are the rebels going to try to make a last stand or is there going to be an agreements. as we saw yesterday, an agreement was reached, brokered by turkey mainly and the opposition. but it does see that we're seeing delays in the implementation of this agreement. over the past couple of hours we're hearing from act that visits and residents of eastern aleppo, they're saying there has been heavy bombardment and intense shelling in neighborhoods. that is the first violation of this cease-fire that began late yesterday. and delayed also in the evacuations today, george. >> jomana karadsheh following the story in jordan. actor alan thicke has died. the former "growing pains" star suffered a fatal heart attack. he was playing hockey with his
grandson. his son remembering the man as the greatest man i've ever met. alan thicke was 69 years old. and the obama signs the cures act boosts funding 4le for cancer research, drug addiction and mental health services. mr. obama highlighted the work of vice president joe biden who led the push for a moonshot effort to fight cancer. this, of course, following the death of his son beau this past year. >> you and docs know, how many times has a patient come to you and said, doc, i don't expect to you make me whole again. but just give me another month so i can walks her down the aisle. just give me -- just give me another six weeks because it's my first grand child. people aren't asking for the impossible. >> biden says that bill will inject new urgency into the fight against cancer. and will give millions of
americans battling cancer renewed hope. christine, the president also pointing out that he lost his mother to cancer. first, there was wikileaks, and now we have wikileaks, a radio announcer fired for allegedly giving confidential information to the school's opponents. oh, my. andy scholes with the "bleacher report." that's next. postal service, we deliver more online purchases to homes than anyone else in the country. and more hippopotamuses, too. i'ts your tv, take it with you. with directv and at&t, stream live tv anywhere data-free. join directv today starting at $35/month. no extra monthly fees. ♪ ( ♪ ) ♪ they tell me i'm wrong ♪ ♪ to want to stand alongside my, my love ♪
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welcome back. so here's a story you don't hear in sports very often. wake forest says they have found a mole in their program. >> whoa, andy scholes has more on the "bleacher report." good morning. >> this is unbelievable. wake forest said that their radio announcer a former announcer and coach for the deacons provided information to the opponents several times starting back in 2014. the man's name is tommy elrod. he's been fired and banned from wake forest athletics. elrod had access to the program. they found play sheets inside louisville's stadium with the cardinals. the head coach ed its incomprehensible that elrod betrayed his alma mater the way he does. steph curry doing steph curry things.
check out the turn around jumper. and then gives pelicans coach a high five. he used to be a warrior. turner sports legend craig sager was inducted into the sports broadcasting hall of fame last night in new york. seager continues to battle leukemia. he could not attend the ceremony so turner president david leavy accepted the honor in his behalf. >> craig's an inspiration to so many people. he continues to courageously battle cancer. to me, a determination, grace and the will to live, craig has displaced during his battle with cancer will ultimately be his lasting impact. finally, the nfl announcing on tuesday for the first time ever they will play four games in london next season. here are the matchups. the ravens take on the jags. saints play the dolphins. the browns who may still be
looking for a win will play the vikings. and the cardinals are taking on the rams. this week, a lot of nfl television. "thursday night football" seahawks and the rams. saturday night game, jets and dolphins. thursday, friday, saturday and monday. only three days we're missing nfl football. >> lot it's of football to watch. thank you, andy. the president-elect president-elect on paul ryan's home turf had something to say about the speaker of the house. we'll have that story next on "early start."
we are going to make america great again. president-elect trump takes the stage in wisconsin, praising paul ryan and defending his pick for secretary of state. silicon valley comes to trump tower. top tech names meet the president-elect. and a defining moment in syria's war. the fall of aleppo. this morning, activists say a cease-fire called to evacuate the last of the rebels. has now been shattered. welcome back to "early start." i'm christine romans. >> good morning, i'm george howell. 30 minutes past the hour. donald trump in the state of wisconsin all part of his thank you tour in the battleground states that helped him win the
election. the president-elect on stage, the one-time adversary paul ryan. turning into sorpt of a lovefest on stage with trump praising ryan and ryan complimenting trump right back. the president-elect set the stage also to defend his pick for secretary of state, the exxonmobil chief rex tillerson who may face an uphill battle on confirmation. cnn's jim acosta has the latest from wisconsin. >> reporter: george and christine, donald trump has taken another victory lap here in wisconsin. trump praised tillerson's contact it's around the world but he did not mention tillerson's past ties to russian president vladimir putin. trump also looked back to his election victory and thanked his biggest supporters here in wisconsin including paul ryan who he praised in an unusual way. here's what he had to say.
>> speaker paul ryan, i've really come to -- oh, no, i've come to appreciate him. speaker paul ryan. where is the speaker? where is he? he has been -- i'll tell you, he has been terrific. you know honestly, he's like a fine wine. every day goes by, i get to appreciate his genius more and more. now, if he ever goes against me, i'm not going to say that, okay? he's a great guy. and we have some amazing things in store. we're going to work on taxes. we're going to work on obamacare. we're going to work on things. and he's going to lead the way, so, thank you. >> reporter: even though it's been more than a month since elected president, trump could not resist taking one last shot at hillary clinton. asking the crowd here in wisconsin whether anybody remembers her name. george and christine. >> all right, jim acosta, thanks, jim. republican congressman ryan zinke of montana is donald trump pick for interior secretary. he's a 55-year-old ex-navy
s.e.a.l. he's received two bronze stars for combat missions in iraq. he's facing criticism from environmental and conservation groups since he joined the house in 2015. if confirm, zinke would directly overseas the epa, that's a agency he has criticized. rick perry is donald trump's pick to head the energy department. perry has been a longtime ali of big oil and questioned science linking greenhouse gases. gas emissions and climate change. during the primaries, he referred to trump as a cancer on conservatism and a barking carnival act. high profile katrina pearson is seeking and possibly discussing becoming the white house press secretary of state. pierson told an audience on cnn
that president obama was to blame for the invasion in afghanistan step. president obama took office seven years after that invasion. later today, trump will meet with top tech executives. among them tim cook and larry page. mr. trump will be sitting down with amazon's jeff bezos. his relationship with trump could cast a shadow on the meeting. let's talk to samuel burke live in london. good morning. these could be awkward moments especially with bezos. >> good morning. george. yes, it felt at times all of silicon valley was against donald trump the candidate. at least most of the silicon valley. really, the most contentious relationship was the back and forth between bezos and trump. let me remind you of some of the feets. bezos said that trump's rhetoric was eroding democracy around its
edges in the united states. donald trump shooting off a feet just about a year ago where he basically said that bezos was screwing over the country with his tax -- basically, evasion is what he was saying. using the tax loopholes very well. "the washington post" loses money, a deduction and gives @jeffbezos power to crew public, his words on low taxation on amazon, big tax shelters. but the tone has changed. bezos sent out this tweet saying, congratulatio congratulatiocongratulation congratulations @realdonaldtrump . it will be interesting to see how things can be with rick perry, there can be some relationships repaired there. >> as long as they stay off twitter and avoid the twitter wars. in terms of policy, what would be atop the agenda with meetings like this? >> we've been told that jobs and economy will be at the very top
of the agenda. interesting to note that sources say that trump is looking for ways to silicon valley to help make the u.s. government more efficient. oftentimes, tech companies make things efficient by getting rid of jobs for human beings and giving them to computers. one thing that i find interesting we don't see that hacking on top of the list, of course, that's something that these tech companies face every single day. and given the accusations from the intelligence community in the united states, as well as from the white house, it will be interesting to see who mentions that first, if anybody does. >> samuel burke live for us in london. samuel, thank you. donald trump is now getting the daily intelligence briefings three times a week, touring to spokesman sean spicer. and we're also told that michael flynn is attending daily briefings daily. trump is taking criticism for previously attending only one daily briefing a week. a lot to talk about, let's bring in cnn politics digital
managing editor zack wolfe live this morning. let's start with talking about rex tillerson. look, there is concern among many on both sides of the aisle about his relationship with russia specifically with russian president vladimir putin but donald trump is saying, look, this is a man who has business relationships around the world. he's touting that as an asset. he talks about wisconsin. >> rex will be a fierce advocate for america's interests around the world and has the insights and talents necessary to help reverse years of foreign policy blunders and disasters. very excited about rex. and, you know, rex is friendly with many of the leaders. in the world that we don't get along with. and some people don't like that. they don't want him to be friendly. >> so donald trump defending his pick, zach.
but the question now, will it be difficult for him to get that confirmation? >> well, look, if you're in charge of exxon, you're essentially in charge of your own little nation state there. i mean, they have dealings throughout the world, as you said. and he has to interact with world leaders, in some ways that makes him extremely qualified but he's also done business. gotten things from russia. given things to russia. i think that will be very difficult. there are a lot of senators in particular, people like john mccain and lindsey graham who have spent the greater part of their years raising alarm bells about vladimir putin. so that will certainly make it hard. they've already said some members from both parties, they're very concerned about this, they're going to keep an open mind. expect some really good confirmation hearings. >> i'd say the traditional pro-business republicans have been happy with this pick, quite frankly. they say it shows how the
business minded donald trump is really changing how things are going to get done. interesting to me, when you look at his cabinet, it looks like a board, you know, donald trump is chairman of the board. rather than a cabinet, when you look at some of the business savvy here. and the money. is this -- you know, donald trump says that wants winners. and he judges winners by how much they win in this economy. it's sort of interesting that he's using these people who have really managed to climb to the very top, to represent people who feel like they're stuck in the middle. >> well, i mean, you have to remember those people stuck in the middle are maybe falling out of the middle in some of the rust belt states that really swung the election towards donald trump. they picked him. they picked the person who said i'm going to make america great again. i'm going to give you what i have. donald trump, his message was, i'm going to do for you, america what i'm doing for myself. he didn't say make everybody
great. but i'm going to do for you what i'm doing for myself. and choosing rich people to be in his cabinet is an extension of that, i think. >> also, zach, quickly here, picking people for the agencies they're overseeing, like dracula guarding the blood bank. >> for rick perry, he couldn't remember in the debate, torpedoed his own campaign. now, he's going to head the agency he forgot he's going to get rid of which is an incredible irony and very interesting. but a lot of democrats and progressives are going to view this as sort of an undoing of government, at least in this point. the proof will be in the pudding. what exactly are they going to do to regulations? are they going to run wild. and what role will democrats play? >> he promised the status quo would be gone. people are like, wait, this
isn't the status quo. the status quo is gone because donald trump said he won the election. >> zach, nice to see you. it's fed day, and all signs point to a rate hike. the economy is ready. and the fed is likely ready to act. that's what we think is going to happen. that means borrowing costs are going up for both consumes and businesses. check out this chart. you see the line there? that's in the middle of the reception, when the fed basically put interest rates at zero to save the economy from falling off a cliff. rates still pretty low. we may never see these rates low like this again. a rate hike is going to make rates go up like on mortgages. donald trump said on the campaign trail, fed chief janet yellen, right there, she was keeping rates low to preserve
president obama's legacy. all along the white house had been begging the fed do to do something to keep it low. they're getting what they want from a republican congress and trump administration. some of the irony is business-minded folks think that donald trump policies if he gets them through will speed up the economy. the fed's job is to keep the economy from overheating. i think we'll see a lot of discussion about interest rates and how quickly they'll move higher next year. look, there have been plans to get many civilians out of war-torn aleppo. but those plans have hit a snag. more now on the battle's final chapter "early start" continues.
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all right. russia says eastern aleppo is back in the hands. government forces. the challenge now is to protect and evacuate the remaining civilians. now, russia is boasting of a newly hammered out cease-fire and evacuation plan. well, that agreement has yet to bear out. buses stationed and ready to take injured civilians to medical care, you can see them there, they are empty. they have yet to take a single passenger. and now comes a plane from activists in eastern aleppo. multiple activists in eastern aleppo. they claim there are new attacks on rebel-held neighborhoods. cnn's jomana karadsheh is live
in iman, jordan. she's following the developments and monitoring what's happening on the ground here. and the concern here among people who support the insurgency, i guess, of the regime, is that these are the final moments of the rebel action. what are you hearing? >> well, these are supposed to be the final moments in aleppo, as we heard yesterday, this turkey-mediated deal between the russians and the opposition fighters, that we'd see the rebel fighters being evacuated out of aleppo. and also the evacuation of civilians who wanted to leave. this is supposed to begin the -- the implementation of this was supposed to begin today. but we're seeing delays. in the past couple of hours we're hearing from activists in eastern aleppo who are describing intense shelling
where the rebels and civilians still are. they're report something civilian casualties, injuries as a result of this shelling. we're also hearing according to state media they're accusing the rebels of also launched military strikes against the neighborhood-controlled regime saying there are people being killed and wounded as a result of this. we're also seeing the delay of these evacuations that were meant to begin about 5 1/2 hours ago, that has not happened yesterday. we heard from the turkish foreign minister who is accusing the syrian regime, and some forces, agens the you said, try to break the cease-fire. so many different parts on it's ground, trying to implement this very fragile deal, christine. >> thank you for that, jomana karadsheh in jordan. right now time on "new day," mr. krochris cuomo is live on d.
>> all right. my friends we're going to take some sometime on the aleppo story. as if it being a humanitarian sc catastrophe was not enough there are implications on the line. what does that mean for the united states? the president-elect seems to have are very different posture towards syria. what is the future for those people there? what does it mean in terms of profile for terror in that part of the world. we'll take that on. also, the president-elect president-elect takes his thank you show on the road, this time to wisconsin standing by his controversial pick to lead the state department. why controversial? we're going to talk about that today. and there's another beat on the russian hacks that many believe certainly happened. and everybody believes that in the intel community. but also, there's this idea about whether or not they had an impact on the u.s. election. and how that is playing into tillerson's selection. and his potential nomination.
we'll take that all on for you this morning. christine, you're going to come, and i need to understand why there would be a rate hike. with the stock market going so well, you'll tell us why they do. >> you know i love to talk money with you. he knows i'm so cheap. he knows how cheap i am. that's why i'm qualified to talk about money. it is fed decision day, as chris said. you can expect a rate hike. i will be talking about it with him. millions of americans are going to be paying more for big purchases. some of you are going to save money. some of you are going to spend more. i'm going to break out the winners and losers in the higher interest rate game. ♪ they tell me i'm wrong ♪ ♪ to want to stand alongside my, my love ♪ ♪ whoa, talkin' 'bout my love ♪
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welcome back. breaking overnight, the president of the philippines has just admitted that he used to personally kill suspected criminals. during a speech to businessman late last night, president rodrigo duterte said he drove around on motorcycles looked to set an example for federal police officers. duterte added i was really looking for an encounter, so that i could kill. >> but i used to do it just to
do it. if i can do it, why can't you? >> the obama administration has expressed strong concern about human right it's under duterte's populous government. he said he won't prosecute police who won't execute without due process. also to point out the president-elect has offered his support in a way to president duterte's war against drugs. >> he encouraged civilians to kill, too? all right. 55 minutes past the hour. actor alan thicke has died. the former "growing pains" star suffered a heart attack after playing hockey with his grandson carter. he was 69. the governor of ohio, john kasich has signed abill into law that outlaws abortions in his state after 20 weeks.
he also vetoed a proposed heartbeat bill that would have prohibited abortions once a fetal heartbeat can be detected as early as six weeks in the preg nancy. kasich didn't support the deal because he feared a lengthy and costly court battle. and to get a check on cnn money. the stock futures aren't moving. because they're waiting for this. the federal reserve, big decisions on interest rates. what will the fed say about the next interest rate hike. and how much will it hike rates today. two big questions. the dow, nasdaq, "american sniper" -- s&p 500, folks. record highs. oil is down, after reports showed a surprise jump in oil stockpiles here in the u.s. look, this can be an historic day for the stock market. we're waiting for the fed. look at the dow here, it's less
than 100 points away from 20,000. 20k was just below 16,000 after the election. it hit 19,000 for the very first time time. now just 14 trading days later the dow is nearing another milestone. let me just be clear about this. it hit 19,000 like 2 1/2 weeks ago. now, it's hitting 20,000. this is a psychological number, of course but market experts did not predict we would get here this fast. that is a trump rally, folks. the federal reserve will almost certainly raise interest rates this afternoon. more on that. who pays more? the big winners are savers, senior citizens who need interest on their savings. plus those nearing retiring. and banks can charge more for taking out loans. the biggest losers, the average home buyer. the average fixed rate is 4.6%.
let's do the math, principal payment is $1212. if rates go up to 4.5, that's more on the loan. how do interest rates matter, credit card debt, new car loans, all of that stuff will rise but it's a sign of a strong economy. i'm check it doubt with chris cuomo next hour. that's "early start," christine romans. and the president-elect once praising a rival that he ripped on in that wisconsin state. "new day" starts now. we're in the process of putting together one of the great cabinets. >> i want to thank donald trump for helping wisconsin put a republican back in the white house. >> speaker paul ryan. honestly, he's like a fine wine. >> i have an open mind. >> rex is friendly with many. leaders in the world that we don't get along with. and some people don't like that. >> the secretary of state has to
fight for things like a free press. human rights. democracy that frankly aren't always at the top of the list for international gas companies. people are looking at his resume. honestly, they've never seen a resume like this before. >> announcer: this is "new day" with chris cuomo and alisyn camerota. >> welcome, everybody. "new day." wednesday, december 14th. 6:00 in the east. the president-elect praises his former adversary paul ryan comparing the house speaker to a fine wine. >> trump also defending his pick for the all-important state department, rex tillerson. a man whose biggest strengths to trump are the biggest weaknesses to many in congress. and what happened to loyalty? trump said it was his first consideration but many loyalists have been frozen out. why? just 37 days until >> reporter: good morning, chris.
criticism from donald trump's own party slamming his pick for secretary of state. the president-elect is now responding by using these campaign-style rallies to push publicly for his nominee, bracing for the battle ahead. >> a great diplomat, a strong man, a tough man. >> reporter: in wisconsin, donald trump defending his choice for secretary of state, rex tillerson. >> rex will be a fierce advocate for america's interests around the world. >> reporter: trump talking about the exxon ceo after facing backlash from both sides of the aisle over tillerson's ties to russia, especially now in the wake of the cia's finding that moscow meddled in the election. >> rex is friendly with many of the leaders in the world that we don't get along with. some people don't like that. they don't want him to be friendly. >> reporter: the president-elect now filling most major positions for his administration. >> i believe we're in the process of putting together one of the great cabinets. certainly a