. >> joe: so that will do it. they finished jeff brohm's first season as head coach with a win in the foster farms of 39 38-35 over arizona. it was a game of runs. at one point, purdue scored a 21 straight. then arizona scored 21 21 strat to take its first lead in the first quarter in the closing minutes. elijah sindelar to anthony mahoungou what proved to be the game-winning touchdown inside the two minute mark. let's go down to bruce feldman. >> bruce: thanks, joe. elijah, huge game tonight. you seem to get in a random and all of a sudden they came roaring back. what was the difference on that drive in the end? >> brady: we knew we had to score. we were down by three, didn't have a chance to get what we wanted. we knew that was the last chance we had. this team has fought the whole year, couldn't be more proud of these teammates. >> joe: . >> joe: anthony mahoungou has a great story. first heard about football in the comic book in paris, france. he's now getting x-rayed so he doesn't have a chance to enjoy this

where is joe biden from? joe biden, from scranton, pennsylvania. do you think he could have won the extra 70,000 votes? >> could joe biden have defeated donald trump? >> oh, i don't know. i'm not going to speculate on it. >> the rust belt? >> look, i -- >> your home territory. >> it's -- >> regrets? >> no, i just wasn't prepared to do it after i lost my son. i have no regret in the sense that did i make the wrong decision. i made the right decision, but do i regret that my point of view is not going to be reflected in the next administration because we have mr. trump? yeah, i do regret that. >> coming up -- >> november 7thth we were sitting on top of the world. december 18th our world had collapsed. i cannot imagine managing my diabetes without my dexcom. this is the dexcom g5 mobile continuous glucose monitoring system. a small, wearable sensor measures your glucose every 5 minutes and sends the data to a dexcom receiver. i feel like, oh my gosh, i'm in control now. with the dexcom g5 mobile, you always know the direction and speed your glucose is

lacqua: thank you so much, joe kaeser? joe kaeser: thank you. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. announcer: "brilliant ideas," powered by hyundai motor. ♪ >> ♪ i-d-e-a, ideas ♪ from enchanting miniature sculptures to large-scale models, a masterful from enchanting definingjapanese artist whose style is subverting traditional forms of architecture. known

joe: i am happy. i'm happy with what i see in terms of how our people get into it, how they take ownership, literally, in what we do. that they take it on and say it is my company, my responsibility, it's my job, which i own, so i am responsible. it takes a lot of confidence to give them the freedom to act. francine: do you think investors ever get confused, because you are such a big conglomerate? joe: they only get confused if i try to explain it in too much detail. [laughter] joe: then i always know i better shut up, because i just went too deep. don't confuse them with the details. just tell them the way they want to be as the commitment and then deliver it over time, and they will be ok. francine: so what exactly drives you? joe: at the end of the day, business is there for society. a business which does not create value for society should not exist. i you need to be more inclusive in society as leaders, and you cannot afford to further divide society into the haves and the have-nots. francine: y

joe: i had many favorite days. whenever my team was celebrate some big success, i would think, this is the best thing which can happen to you, having a great team. people are happy and they appreciate what they do. francine: how do you manage success or how do you measure success? joe: when you promised something and you make good on your promise, it is about accountability. that is the ground floor. the icing on the cake is when people talk about you two different people, at the end that is what really matters when you are remembered. whether you make the numbers or not. after a generation, people say hey, that guy, he actually made some mistakes but actually, he really left a better company behind. francine: talk to me about innovation. what will siemens look like in 170 years, and how much do you have to innovate and how much do you have to stay close to your roots? joe: i think in the next 170 years, it will likely change a lot. they will accelerate out of solution, it will become more intangible, much more int

joe: i had many favorite days. whenever my team comes of great and celebrate some big success, i would think, this is the best thing which can happen to you, people are happy, having a great team. francine: how do you manage success or how do you measure success? joe: when you promised something and you make good on your promise, it is about accountability. that is the ground floor. the icing on the cake about success is when people talk about you two different people -- you to different people. at the end that is what really matters, when you are remembered. whether you make the numbers or not. after a generation, people say hey, that guy, he actually made some mistakes but actually, he really left a better company behind. francine: talk to me about innovation. what will siemens look like in about hundred 70 years? -- 170 years? how much do you have to innovate and how much do you have to stay close to your roots? joe: i think in the next 170 years, it will likely change a lot. they will accelerate out of solution

joe: i had many favorite days. whenever my team celebrates some big success, i would think, this is the best thing which can happen to you, having a great team. people are happy, the initiate what they do. -- they appreciate what they do. francine: how do you manage success or how do you measure success? joe: when you promised something and you make good on your promise, it is about accountability. that is the ground floor. the icing on the cake is when people talk about you two o different people, at the end that is what really matters when you are remembered. whether you make the numbers or not. after a generation, people say hey, that guy, he actually made some mistakes but actually, he really left a better company behind. francine: talk to me about innovation. what will siemens look like in 170 years. how much do you have to innovate and how much do you have to stay close to your roots? joe: i think in the next 170 years, it will likely change a lot. they will accelerate out of solution, it will become more int

this team has fought the whole year, couldn't be more proud of these teammates. >> joe: . >> joe: anthony mahoungou has a great story. first heard about football in the comic book in paris, france. he's now getting x-rayed so he doesn't have a chance to enjoy this with you guys. what do you say about the performance tonight? >> he's one of my good friends. it's been such a privilege playing with him. what a blessing to him. i can't wait to go see him to make sure he's okay. he's been a phenomenal player and we couldn't be more happy to have him. >> bruce: joe, back to you? >> joe: all a heck of the game tonight. a really fun game to be a part of. we've got more coming up from santa clara. the postgame trophy ceremony on the other side of this break. a tiny sword? bread...breadstick? a matchstick! a lamppost! coin slot! no? uhhh... 10 seconds. a stick! a walking stick! eiffel tower, mount kilimanjaro! (ding) time! sorry, it's a tandem bicycle. what? what?! as long as sloths are slow, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car in

where is joe biden from? joe biden, from scranton, pennsylvania. do you think he could have won the extra 70,000 votes? >> could joe biden have defeated donald trump? >> oh, i don't know. i'm not going to speculate on it. >> the rust belt? >> look, i -- >> your home territory. >> it's -- >> regrets? >> no, i just wasn't prepared to do it after i lost my son. i have no regret in the sense that did i make the wrong decision. i made the right decision, but do i regret that my point of view is not going to be reflected in the next administration because we have mr. trump? yeah, i do regret that. >> coming up -- >> november 7th we were sitting on top of the world. december 18th our world had collapsed. david. what's going on? oh hey! ♪ that's it? yeah. ♪ everybody two seconds! ♪ "dear sebastian, after careful consideration of your application, it is with great pleasure that we offer our congratulations on your acceptance..." through the tuition assistance program, every day mcdonald's helps more people go to college. it's part of our commitment to

joe: i'm joe weisenthal. what's the relationship between facebook and the markets, it's complicated. concerns have grown over its market dominance. caroline massar interviewed a professor on bloomberg surveillance, asking him who is afraid of facebook and why? >> i think that the first concern of facebook is the market dominance, that is, it is the major social network and i think that it is difficult to see on the horizon anybody threatening that and whenever you add -- >> even regulators? >> they might intervene, but it is still difficult given that the market power that facebook has, it is very difficult is the alternatives. then you are concerned about, how is that market power used? if there are alternatives -- there were a lot of alternatives, it would not be a concern, but there are not. and should we try to break down facebook, i do not think that will happen anytime soon. should we try to regulate, or this is my preferred solution, should we try to make data and thatl media easier, so alternatives mi

joe: on joe weisenthal. julia: stocks nearing session lows as marquette -- small caps leading the losses. joe: the question is, what'd you miss? scarlet: internet service providers one today's tug-of-war. delivering a blow to content providers. michael beckerman, ceo of an industry group that represents netflix, google, and amazon joins us in the next hour. another shakeup in the media world coming from disney's allocation of 21st century fox'ss. they gained the movie studio and a remarkable stake in sky. wo senators threaten to throw the gop tax overhaul into the lurch. susan collins and marco rubio worried it could break an agreement between republicans. julia: what'd you miss? in. retail sales rose more november, and the previous month was revised higher. that's according to figures received -- released today. boston playing of consumer demand as -- broad strengthening of consumer shopping. neil, great us is to have you with us. >> things are good. joe: thank you for coming. [applause] -- from new york, t

joe: for example? >> if you are a tech person, one of the things offered to those employees are stock options for the company. essence,private, so in he is giving away to these hires. people who already work for the company, there have been nice bonuses as well. if you consider the employees of the company to be the best advertisers for the company and the region, he is focusing on that also. >> exactly. a lot of employees at quicken espouse this culture. -- fromfferent for working at any other financial firm, more of the younger vibe. i got a book from dan gilbert on the culture of the company, something they take seriously. joe: explain how it is different. is it just a front? someone applies for a mortgage equity quicken loans versus a legacy institution, is there something that happens differently on the backend in terms of processing it? >> they are doing the same thing whether it is a bank or quicken. you have to make sure it is the same rules selling to fannie mae or fha. but on the back end it

joe? with lawmakers back in states and districts and president trump at mar-a-lago, the pace of washington is slow this week but one business could resumes in january, they have a long to do list including health care. joining us now is a hoover institution fellow who is a policy director for mitt in states and districts and president trump at mar-a-lago, the pace of washington is slow this romney, that's mitt romney's 2012 -- is trying to say they have done the work on obamacare, that by repealing the individual mandate, they got rid of the most popular thing, maybe for the ineffable, that it would be difficult to pass another health care reform with just a slim lead in the senate. how live is obamacare right now? >> what the appeal of the individual mandate did, were zeroing out thathow live is oba? penalty, what it essentially did was to knock something that was already down. there was a lot of instability in the individual marketplace. we were seeing a lot of premium hikes already. thi

joe: and i am joe weisenthal. welcome to bloomberg markets. ♪ we are live in bloomberg world headquarters in new york over the next hour. here are the top stories are coming on the bloomberg and around the world. it has been a largely bright and sunny picture for the u.s. economy, but should investors prepare for more turbulent times ahead. 2018 i'll look with a chief economist at wells fargo securities. is aheadwnturn -- what for currencies as the greenback touches its lowest level this month? we speak with the ceo of exante data. from a decade ago could have major implications as casino mogul steve when battles his ex-wife with more than $8 million on the line. we are one hour from the close of trading. let's get an update with what has been going on with stocks at this hour. little change price-wise as volume remains below the 20-day average. all three major averages higher. the dow gaining the most, just 0.2%. we are seeing a big move in the dow jones transportation average, which recently was trading at a r

joe. joe: what about the missed ills of 2017? time warner, comcast, fox, julia, media analyst for bloomberg intelligence. thank you for joining us. speculation obviously. before we get to specific non-deals come want you about the moment in media causing so to tie up.ies >> thank you. what we have seen is so many things are happening in the media space. is thatg emerging traditional or old media is in decline and there is no denying it. while we are seeing cord cutting and more more consumers giving it traditional pay-tv images for streaming alternatives, hulu and netflix. is the catalyst behind the urge to merge if you will. classic sounds like it is being done from a defensive posture ahead of theetting curve. >> absolutely. versus foxdisney moves, it is a defensive and not disney cementing dominance in the old media landscape. it is them bulking up to take on new tech giants to remain relevant for as long as they can and future proof their business. >> a lot of people saying disney went after those assets to better compete aga

joe: i am joe weisenthal. julia chatterley is off today. scarlet: we are 30 and it's away from the close of trading in the u.s. and stocks are modestly lower. oil surging to its highest in a year-and-a-half. joe: the question is what did you miss? scarlet: bitcoin rallies past $15,000 as traders of the digital currency look to draw a line under the recent slump. apple having a not so merry christmas, with regular splitting on expectations iphone x sales will fall short of expectations as holiday season. profound differences between house and senate republicans may play as big of a role as the fights with democrats on how the legislative agenda rolls out when lawmakers return to work in january. bounce. with bitcoin's after a slump, the world's largest digital currency rallied past $16,000, currently about $53 above the level. is the recent selloff over? let's bring in the president of the mechanism to for economic research and a professor at trinity college. put into perspective for us the recent slump we saw in bitcoin? edward: the main th

well, just watch me. >> just because joe is an american, does not mean -- >> yeah? is theeing an american best thing -- my back. >> being an american is great, but how can he be superior than any farmer when you or your folks might be one of any of a dozen different races or religions? so, if you are no superman, it must be the american way of doing things that makes you that makes you the luckiest guy in the world. >> i don't think i am so lucky. >> you don't? well, let me show you. >> hate, -- hey, what is that gadget? television? >> it is a time machine. just pull that lever. you will see how people worked 100 years ago. >> hey, this i like. >> that is too far back, try again, we want to stop at 1850. [laughter] >> who's the character? >> that is your grandfather, joe. >> oh. >> he had to work 69 hours a week to earn a living because he had only inexpensive handtools and his own strength to help him make things. your grandfather was a powerful man, get his strength equals almost 1/10 of a horsepower. you have hundreds of horsepower in this costly giant of a machi

joe: a little bit. francine: in business over all? joe: it is only a matter of time. many things are invented and cultivated in america, and it comes to different places. francine: how do you change that? joe: that is a very good question. you need to be successful in the short term, yet not lose out in the long-term. it is the balance you need to strike. in essence, you need to keep the difference between the short-term aspect and the long-term aspect, you need to keep the distance very close because the wider it gets, the more activists you get who say this is not the performance got we want. francine: it was pretty controversial when you went to see vladimir putin. are you ever concerned about being controversial? joe: the intent was not to be controversial. in march 2014, joe kaeser met with the russian at his residence outside moscow, days after russia had annexed crimea and just as the west was launching its own showdown. president obama: together we condemn russia's invasion of ukraine and reject the legitimacy of the ukrainian referendum. joe: the outcome was

we're here with our friends joe and mika from "morning joe" and the zoo crew. you've changed your attitude about donald trump. why haven't other republicans done the same? because you're a republican congressman. what do you think is happening with your own party? >> i think it's inexplicable. well, this is well before donald trump was elected president that my party has betrayed their core values. i remember back in december of 2015 when donald trump supported a muslim ban. i said on the air, "it's very simple, it's black and white." i said, "i can never vote for anybody in my party that would say they were going to ban people because of the god they worshipped." ( applause ) >> stephen: what about now? there have been so many things-- with these revelations now. >> but the problem, ug- again, it was disturbing through the entire campaign. in february, when he talked about david duke and pretended he didn't know who david duke was and didn't know what the ku klux klan did, you didn't have republicans coming out saying, i could never support donald trump becaus

what are you talking about, joe? >> yes, of course. >> you know, i have a hard time refracting donald trump through traditional modes of thinking about foreign policy. i don't think he particularly understands america's role in the world, historic role in the world, moral role in the world. the most surprising aspect of this, to me, was the pivot away from his previous china policy, which i suppose was a pivot away from his previous previous china policy. >> right. >> basically, talking about chieny as a direct competitor in making this a zero sum game was really interesting. because this is donald trump we're talking about, abowhich io say -- i don't mean this in a judgmental way. but there's not a huge amount of consistency in the way he approaches some of these foreign policy crises. i expect he will pivot back again if the opportunity comes to try to manipulate china into doing something on north korea. i was a little bit shocked at that, to tell you the truth. >> yeah. so you spent an awful lot of time talking t

. ♪ julia: joe: i am joe weisenthal. nasdaq,&p 500 and the fresh eyes today. joe: the question is what did you miss? >> the republican tax bill may make it to the president's desk i friday. planning to vote on landmark changes as early as tomorrow. -- theinto bill it latest details. president trump declaring the u.s. will pursue a muscular foreign policy, reflecting his america first campaign promise. and losing a guide in -- guiding hand. added almost $7 billion to the railroad company in less than the year. julia: the republican tax plan is set to land on the president's desk. the overhaul will deliver a take legislative win for republicans but where will it miss the mark on what the american people were promised? our reporter is on capitol hill with the latest. talk to us about a commentator provision added in at the absolute last minute with -- which bob corker, he was a no and quickly became a yes on friday, he also and if its, and saying, i needed this explains because i did not know i would benefit. talk to us through it. >> in the final stretch of nego

joe: and i'm joe weisenthal. julia: all we have to talk about is bitcoin. joe: but the question is "what'd you miss?" where is the wage growth? across the pond, theresa may managed to secure a late-night break the deal, but that does not mean it is smooth sailing. brexit deal, but that does not mean it is smooth sailing. from the west bank to jakarta. "what'd you miss?" added 228conomy thousand jobs in november, more than expected. all of this before the fed's expected rate hike next wednesday. so, let's bring in deutsche bank's chief international economist torsten slok. sten, i know you slaughtered this is your number one risk. we have been waiting for this for so long. s as know you slotted thi your number one risk. we have been worried about inflation for a long time. the wolf has not arrived. we do think the most important factor is the unemployment rate should be at 4.1%, which came out this morning, the same number as last month, but it has been coming down constantly for the last few years. that ultimately by the laws of economics will show up as wa

joe: and in joe weisenthal. julie: john mack in washington ways on investors. joe: but the question is "what'd you miss?" nationalousted security adviser michael flynn pleading guilty to lying to the fbi. he admitted to communicating with the russian ambassador, directed to buy a very senior senior member of the trump transition team. that number was jared kushner according to sources. in allublican tax plan would cost over $3 billion over 10 years. let's get a check on where markets stand. abigail doolittle -- no, i am doing it -- abigail is here with the latest. abigail: we are having an interesting day. the dow, s&p, and the nasdaq all sharply lower. -- lower i should say. they had been sharply lower. the s&p in the nasdaq down .5%.en .3% and the dow at a low, shutting to do points. the s&p 500, a 45-point range. the largest drop since brexit, uncertainty around what those michael flynn headlines could mean for president trump. and of course we also have tax reform and played. , the small 2000 down cap down more than 2.5%. , it is the worst since may. there

from 1949, meet king joe. this nine minute cartoon argues that the american factory worker, joe, is the kingdom of -- king of the workers of the world due to his higher wages, productivity and shorter working hours. this film from the library of congress collection has been made available by the national film preservation foundation. ♪ >> me joe, the king of the workers of the world. >> hi, folks. ♪ >> joe is the king because he can buy more with his wages than any other worker on the globe. [breaks screeching] >> now what makes it possible for joe to earn such a good living? he is no smarter than workers in other countries. >> are you kidding? >> he is no stronger than workers in other lands. >> oh yeah, will just watch me. ♪ >> just because joe is an american, does not mean -- >> yet? well being on american is the best thing -- my back. >> being an american is great, but how can he be superior than any foreigner when you or your folks might be one of any of a dozen different races or religions. if you

alex jones has been campaigning for sheriff joe, joe said that he thought that it was alex jones' campaign and his ability to get his issues in front of the president that had cued up the sheriff joe pardon. what do you make of that as someone who had to deal in t world of intelligence and information that that's getting the president of the united states? >> look, i've said it a thousand times. i guess 1,001 won't hurt. it's the goal of intelligence to give -- analyze information to a decision maker. in an unbiased fashion and the reality is that our intelligence community does that. they look at information and they present it to decision makers so that he or she can make that informed decision. when you're looking at news sources, let alone info wars, you're clearly getting whatever the opposite of that is and it's unfortunate, but the president has become someone who's sequestered in an ivory tower who has frankly made enemies with the intelligence community. i think the article in the about pompeo leading the cia's counterintelligence unit is endemic of the presidency and sort of what

joe: not for us. julie: if, as you say, the fundamentals are changing, is this the new normal in terms of inflation, for example? peter: look at the strongest trend of the year. the yield curve. be bond markets are bigger than the equity market. the only thing i can say with certainty is the stocks they were up 50% that you showed, they cannot compound at the same rate of speed they are going up, right? their market caps are significant higher. that means in four years they would be the only stocks in the world. that would not be a great place to be unless you were working for or owning those particular stocks and we can get into politics, economics, between from this morning depending on how we are doing on a slow closing day, but yes. now you add to the fact that you have a regime change at the federal reserve that seems to be more philosophically oriented then data oriented. i think one thing that chairman yellen said -- we will let the data answer that question. inflation has been low. has decline

joe: i'm joe weisenthal. julia: the s&p, a brief tech rally. joe: the question is a what'd you miss? >> why the inclusion of the alternative minimum rate was going to leave many tax firms with higher bills. conference,media mark thompson joins us. and wall street banks on the wrong side of the law? whether jpmorgan and others have played a crisis to attract business from hedge funds. what'd you miss? many are trying to read the tea leaves on the economic outlook. bank of america and merrill lynch says the big story will be over inflation. that it is further tightening in the labor market. joining us to discuss, the head of u.s. economics. great to have you. talk about the rebound you are expecting and where does that put us versus the market pricing of what it does next year versus what the fed hopes. >> our review is pretty simple. it is not going to be dramatic. trend,going to see a that we think it comes amid labor market tightening, unemployment having it handled by next year, even though the relationship has flattened we think it is releva

joe: i am joe weisenthal. scarlet fu and julia chatterley are off today. julie: stocks are higher this afternoon. the dollar touched its lowest level this month. joe: the question is, "what'd you miss?" julie: who is afraid of amazon? apparently everyone. we have a chart that shows you what happened attack sector in 2017. sticking with tech, uber are looking to sell a sizable stake to softbank. wants tois a year uber forget. italy's prime minister wants to dissolve parliament. we get the latest details from milan later in the show. "what'd you miss?" nirvana is tax cut running into local problems -- underfunded retentions. what does this mean for markets -- higher tax collections usually go into credit funds forcing -- focusing on corporate distressed debt or leveraged buyout commandant meets next year could end up looking a lot like this year with the debt-fueled stock buybacks, m&a, and tighter spreads. here to find this, brian reynolds. think you so much for joining us. -- thank you so much for joining us. explain to us what is happening on the local le

joe: and i'm joe wiesenthal. ♪ let's begin with our market minute. u.s. stocks closed higher, but in the last 30 minutes of trade we saw a dip. dow closing up 57 points. earlier, it had gained a lot more than that. .f course we had gdp data the number was revised down slightly down to 3.2%. joe: slight moves and slight gains in the market. another day of holiday trading. is the themethat all week. we just kind of drift. hasthe past few days, it been higher. in terms of stocks, let's take some looks at individual names here. andave included an brain or boeing. the two are discussing a potential combination. this would be a deal that would expand boeing's line. line, a retailer that has to do with athletic gear, doing well. up 13%. a surprise sales gain. perhaps, the athletic shoe industry may be on the mend. if you look at bed bath and beyond, christmas may have come early, but it is not good news. the stock down 13%. heavy promotions may have spurred holiday sales in december -- in november, but not december. tea, rebranding itself. joe: nonalcoholic long

morning joe is on. we like both points of view. ♪ ♪ we're going to make it after all ♪ >> the hotel -- >> where you going? >> contaminated. >> the guests came back. >> congratulate myself for my professionalism there. >> you were in a newscast. >> the results of dick cheney is doing fine now. we can tell you all these years later he was fine. >> that was not about dick cheney. i just was very tired. >> that happens, though. >> that does happen. there was some other -- there was a soccer match. >> yeah, there was. >> there were some others things. >> the tofu. >> let's not bring that up. >> exactly. >> let's not bring that up. it does happen. some strange things happen when you wake up at 4:00 every morning. >> oh, you are telling me. >> doing the show without teleprompter for three hours while you were asleep. with us now on set, the host of msnbc's politics nation and president of the national action network. reverend al sharpton. we also have former undersretary of state - originally the man tha

joe: i am joe weisenthal. julia: we are 30 minutes to the close of trading in the u.s. the s&p 500 is on track for another record close. joe: the question is, "what'd you miss?" scarlet: bitcoin has landed on wall street. the futures delivered a wild ride. we break down today's moves and what to look ahead to. plus, it is crunch time for tax reform as we near the end of the year, but will the middle class notice the tax relief if and when it gets it? the labor market is set to end of the year on a high note. chiefk ahead with the officer at indeed. julia: the s&p 500 is on track for a record close. how long will investors be able to keep riding the bull market? it all depends on what stage of that bull market we are actually in. here to answer that and give his outlook for 2018 is the chief market strategist at counter fitzgerald. great to have you on the show. you said in 2016, the theme was going to be central-bank accommodation, and that feeds through to 2018. is different this year, and to what extent is t

well, just watch me. ♪ >> ow. >> just because joe is an american, does not mean -- >> yeah? well, being an american is the best thing -- ow, my back. >> sure, being an american is great, but how can you be superior to any foreigner when you or your folks might be one of any of a dozen different races or religions? so, if you are no superman, it must be the american way of doing things that makes you that makes you the luckiest guy in the world. >> i don't think i am so lucky. >> you don't? well, let me show you. >> hey, what is that gadget? television? >> no, it is a time machine, just pull that lever. you will see how people worked 100 years ago. [banging] >> hey, this i like. >> that is too far back. try again, we want to stop at 1850. [laughter] >> who's the character? >> that is your grandfather, joe. >> oh. >> he had to work 69 hours a week to earn a living because he had only inexpensive handtools and his own strength to help him make things. your grandfather was a powerful man, yet his strength equals almost 1/10 of a horsepower. you have hundreds of horsepower in thi

joe? >> so, peggy wrote a column this morning in the washington post talking about the laws of physics apparently apply to politics in the age of trump because for every action, there is an opposite and equal reaction except in this case it appears that the reaction to donald trump pushing back on the rights of women, pushing back on the rights of minorities, it appears that the pushback in alabama and virginia and across america seems to be even stronger than the push that donald trump and republicans are providing. republicans are just losing across the board. >> yeah. virginia was followed by alabama. somebody said the other day the actual fact here if you just reduce it down to its essentials is that democrats hate donald trump more than republicans love him. and i think there may be something to that. i do think that this alabama setback might reorient some thinking in the white house about the fact that the president has failed in the year since the election to expand his core of sup

here is old joe. i will happily acknowledged to this audience that the speakers -- and the speakers that came before me that controversy and dispute hovered around the civil war career of ambrose burnside and -- i would argue that a few general officers on either side evoke more controversy than joseph e johnston with the possible exception of mccullen. that's for you, george. [laughter] his critics argue that his combativeness with the confederate government in richmond so undermined the southern war effort to make him a contributing factor in confederate defeat. to these critics, johnston was the real mcclellan of the west. he would not fight a battle unless he was certain of victory. since that was rare, he rarely fought a battle at all. johnston feuded with the government and became a rallying of enemies of the administration. johnston has his defenders in the civil war community then as well as now. their support is often less a product of their admiration for johnston than the utility of him joh

erin: joe, same question. joe: oh, it was a great play. eleanor is right on point. i mean, the election mobilized african american voters especially. and i said a number of times at msnbc that because traditionally, in off-presidential elections, you have low turnout, and so the fear was that the turnout would be really low, and as a result, that roy moore would be able to win. but you needed a strong turnout in order of doug jones to win. and african americans especially had to turn out in big numbers. and i talked about that on tv, and i'm glad that african american voters did turn out in big numbers to make sure that doug jones was elected. many republicans rejected roy moore. i mean, a lot of republicans voted for doug jones because they felt that you just couldn't elect somebody who was a pedophile to be a us senator, and party aside, what was more important for them i think was country. do the right thing for the country. vote for the best candidate. just do the right thing, and that's what they did. erin: you guys just talked about the break down. i wanna sho

joining us are mollie hemingway and joe trippi. new york times quoting six unnamed officials who attended a meeting with the president or briefed on the meeting, the president reportedly said haitians all have aids and nigerian immigrants won't go back to their huts. rex tillerson and others deny this. it seems like a classic confrontation. the white house calling it lies. mollie: the "new york times" used two anonymous sources. two for the haitian immigrants. one who was in the meeting, one who was not. people who didn't feel con fir dent enough in their claims to put their names behind it. then you have general mattis, general kelly, secretary nielsen and the white house saying that's not true. it makes you wonder what the standard is in getting something like this published. howie: it's always fascinating to me. if you assume the sources did tell this to the "new york times,'" we can debate. but some number of people continuing to leak against the person they presumably work for or work with. >> that's why they are going to stay

joe: i'm joe weisenthal. julia: 30 minutes from the close of trading. putting a damper on tax overhaul optimism. in tax: the next step overhaul is reconciling the differences between the house and senate bills. republican lawmakers will have to come to an agreement on everything from individual tax breaks to the timing of a corporate tax break cut. vanguard is sounding the alarm on equity returns in 2018. the firm putting out the most cautious outlook in a decade. vanguard's chief economist joins us. and no deal on brexit. theresa may forced to leave brussels and to handed over after troubles with the divorce talks within the eu. vanguard market and economic report for 2018 is out and is the most guarded outlook in a decade. questioning of volatility joe davis -- we just pointed out that you are the most cautious you have been in a long while. explain why. >> takes for having me. one is just the stellar performance we've had in the capital markets over the last seven years. the direction wasn't a surprise for us, but if anything, the magnitude has even

the thing is, i don't think joe was concerned, because joe knows what is down that road. >> the police station? >> no police station but a railway station. he starts cycling down the hill straight toward the entrance for the train station and then -- >> stop straight there. get off the bike now. get off the bike. call the guard. >> comes in almost like he's a police officer. "get off the bike." he's like "i don't know what you're talking about." >> get off the bike. i saw you snipping it off and you throw the lock over the fence there. >> sorry, man, i got you dead to rights. >> everything is recorded as well. [ bleep ]. >> and as soon as the guy hears about the gopro he abandons the bicycle and walks off. i was with you, gayle, pull down the mask so we can get a look at the face! >> while we want this dude to get caught i'm sure the person who owns the bike appreciates getting it back. >> this is with the police in ireland in the hopes of identifying the guy. joe says his goal is to reunite the owner with their bike. >> awesome people like joe exist. >>> she's about to experience snow

we're here with our friends joe and mika from "morning joe" and the zoo crew. you've changed your attitude about donald trump. why haven't other republicans done the same? because you're a republican congressman. what do you think is happening with your own party? >> i think it's inexplicable. well, this is well before donald trump was elected president that my party has betrayed their core values. i remember back in december of 2015 when donald trump supported a muslim ban. i said on the air, "it's very simple, it's black and white." i said, "i can never vote for anybody in my party that would say they were going to ban people because of the god they worshipped." ( applause ) >> stephen: what about now? there have been so many things-- with these revelations now. >> but the problem, is though-- again, it was disturbing through the entire campaign. in february, when he talked about david duke and pretended he didn't know who david duke was and didn't know what the ku klux klan did, you didn't have republicans coming out saying, i could never support donald trum

joe: and i'm joe weisenthal. the question is "what'd you miss?" senator bob corker makes a 180 and says that he is a yes for the tax bill after initially opposing it. as a cryptocurrency take steps towards going mainstream, concerns over an initial offering grow. meanwhile, another hedge fund victim. a $6 billion fund shut down as another struggles to reboot. julia: "what'd you miss?" the republican caucus singing a different tune. bob corker, one of the last holdouts and the only republican to vote no last time is knowing yes on the bill. the legislation now looks like the senate. through also joining corker, marco rubio who changed his vote after the child tax credit was expanded. yesterday we were saying marco , whatever he says, would vote yes. bob corker, we expected to be an no. today a very different picture. was a bigthis surprise. corker has been the lonely deficit hawk among the senate republicans. he is the only one who said he would not abide by the new deficit that is expected to trillion, perhaps more if these cuts are extended as pa

. ♪ >> meet joe, the kingdom of the workers of the world. >> hi, folks. ♪ >> joe is the king because he can buy more with his wages than any other worker on the globe. [breaks screeching] >> now what makes it possible for joe to earn such a good living? he is no smarter than workers in other countries. >> are you kidding ? >> he is no stronger than workers in other lands. yeah, will just watch me. anjust because joe is american, does not mean -- >> well-being and american is the best thing -- my back. is great,n american but how can he be superior than any farmer when you or your folks might be one of any of a dozen different races or religions. if you are no superman, it must be the american way of doing things that makes you that what you sky in the world. >> i don't think i am so lucky. >> you don't? well, let me show you. >> what is that gadget? television? >> it is a time machine. just pull that lever. you will see how people worked 100 years ago. hey, this i like. tryhat is too far back, again, we want to stop at 1850. [laughter] who's the character? >> that is your grandfather

joe: and i am joe weisenthal. if you are tuning in live on twitter, we want to welcome you to our closing bell coverage. scarlet: we begin with our market minutes. whether you love it or hate it, a historic day for republicans on capitol hill. the first step toward passing tax reform has gone through. the house passed their final version of the tax bill. this is what happened in the stock market. joe: it is tempting to say it is it would be funny if we got a selloff, i'm using. julia: it is christmas time. scarlet: things are slower than usual. let's look at individual names moving. restaurants up almost 7%. forroni grill filed bankruptcy, ruby tuesday closed locations, forced into the arms of high that equity market. all of her garden -- all of garden doingve well. 2%,ival cruz lined up despite the turbulent hurricane season. a bit of a relief for investors. we wanted to add apple. it is not too often you get a downgrade for apple. downgrading the stock after that iphone x sale. csx, this stock has been in the ne

it is pure joe biden. >> what this showed about joe biden was something i think democrats missed with hillary, which was his relatability. that's why they called him uncle joe, even in his gaffes. we all know as republicans we would make fun of joe biden as a gaffe machine, get a chuckle out of it, but it made him human. i have my own experience with the biden family and they are amazingly wonderful, good and decent people. i may disagree with them on policy and politics, but you cannot -- i cannot emphasis wze enough how good they are. i looked at what his favorables were in 2015, and he was the only democrat that was not under water. hillary clinton's favorable versus unfavorable, she was under water, so was bernie sanders. to be honest, if it had been joe biden versus donald trump, i would have had flo problem kr s casting a vote for him. >> we're going to talk about joe biden. he was asked if held run against president trump in 2020. his answer and the panel's take on that next. like t-mobile and. right now when you get an unlimited family plan, netflix is included. ho ho ho! t-mo

joe is not too excited. coming up, joe is getting excited about this. earnings reported tomorrow, 19 of them, after the bell. watching the bank of japan as it announces monetary policy overnight. will be i know you watching. the winter solstice occurs tomorrow, marking the first day of winter in the northern hemisphere, the first day of summer in the southern hemisphere. shortest day, longest night. joe: starts to get better after that? scarlet: is this a phone? or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology." let's start with a check of your "first word news." president trump is celebrating the package of r

rahel, joe? >> i never win these things, diane, so i wouldn't even try. >> down side. >> never know, i'm not saying go randomly spends money, but if you have to book a flight. >> why not? diane, see you in the next hour, thank you. >> well, grab the umbrella before you leave. >> katie apparently we're still in for that warm up. but now talking rain, too? >> indeed with are. the rain expected to come in on schedule here. but at least you have the trade off after day that hits the 60s. so we will talk about that, and time out the rain for you, also let you know about the possibility of some snow in this seven day. details straight >> ♪ >> traffic is certainly moving along okay at the moment at 15th and vine. this is take friend our headquarters here in spring garden section of philadelphia but, overlooking the center city area there. no wet roadways yet. that's something that will absolutely change. my advice, to walk out the door with the umbrella because you'll be thank willing yourself that yo

joe jones. former secretary condoleeza rice calling it one of the most significant in alabama's history. >> you got to admit. did i not tell you the people in alabama are the most polite people. you are telling the teleprompter to go faster. you are always so polite. [ cheers ] >> no, no she was just saying the teleprompter was going too slow. they just clapd. they're polite people. >> confirmation, joe. clap for him. condoleeza rice wrote this -- jones was joined on the campaign trail by a number of celebrities, including nba hall of fameer alabama native charles barkley. >> there's no way possible this guy shawl number one be in an election. i mean there is no way. it's unbelievable in this guy is still in the race when people in your own party say they won't vote for you or support you, i am begging and urging everybody to get out, call all your friends, we got to at some point, we got to stop looking like idiots to the nation mr. trump comes to -- he won't even come here, but he sends steve

we're here with our friends joe and mika from "morning joe" and the zoo crew. you've changed your attitude about donald trump. why haven't other republicans done the same? because you're a republican congressman. what do you think is happening with your own party? >> i think it's inexplicable. well, this is well before donald trump was elected president that my party has betrayed their core values. i remember back in december of 2015 when donald trump supported a muslim ban. i said on the air, "it's very simple, it's black and white." i said, "i can never vote for anybody in my party that would say they were going to ban people because of the god they worshipped." ( applause ) >> stephen: what about now? there have been so many things-- with these revelations now. >> but the problem, is though-- again, it was disturbing through the entire campaign. in february, when he talked about david duke and pretended he didn't know who david duke was and didn't know what the ku klux klan did, you didn't have republicans coming out saying, i could never support dona

freer and a big dose of good fortune for joe to make it home alive. stay with us. ♪ you are a city city wall, city wall ♪ ♪ ♪ she could be dancing down a hall, dancing down a hall ♪ ♪ we're turning heads, we're turning heads, ♪ ♪ we're turning heads, oh yeah and nothing can stop us now ♪ ( ♪ ) ♪ some might say ♪ that love is blind ♪ that romance is a silly game ♪ and just a waste of time shop pandora jewelry and gift something wonderful this holiday season. give joy with 25% off nike joy! and get joy with kohl's cash for you! take 25% off select nike hoodies, shoes and more! short on time? buy online and pick up free in store! give joy, get joy - with nike at kohl's. this weekend get great deals on last minute gifts. save big with weekend deals every weekend. only at target. >>> reporter: joe hughes never thought he'd be here inside of a clinic, on the face of mt. everest. suffering from high altitude pulmonary edema, with his new fiancee and unborn child. waiting for

it is with great respect that i recognize this time today to honor joe george, 76 years ago today joe's actions saved six sailors. and today joe's family will receive the navy bronze star with valor at the remembrance ceremony of pearl harbor in hawaii. this is the first time a medal has been presented on the memorial of the u.s.s. arizona. i was honored to work with the colorado springs resident donald stratton to solidify this honor for george. don was one of the sailors that joe saved so many years ago. 76 years later, we culminate the work of don stratton's mission. credit to the man whom the stratton family has everything to thank for. it's beyond words of excitement that we can be part of this monumental occasion with so many others that worked tirelessly over the years make this happen -- over the years to make this happen. my hope is that joe's valeant story joins the foundation of our history for future generations to appreciate the sacrifice of countless heroes who have come before them. i had the incredible privilege of spending a part of veterans day just a few weeks ago wit