gamble that donald trump represents. i mean, on the one hand, he is pursuing the most pro-corporate agenda since ronald reagan, an administration i covered. talking about massively rolling back regulation, massively cutting taxes for businesses and individuals, and increasing the deficit. on the other hand there is this pit in the cherry for the business community, he is going to hector them individually and potential impose a significant tariff on anyone who moves jobs overseas. that i think is going to be very popular political positioning for him with his core vote of these particularly blue collar workers who feel they ve been hurt by globalization. underscoring christine s point from before, donald trump was elected by people who felt they were left behind in a changing economy. hillary clinton, the county she won account for two-thirds of all the economic output in the country. the people who feel as though the way the economy is evolving is working, by and large
united states economy is not represented entirely by the stop market. the market responded very positively to the news that the president election because they are going to immediately start reeling back regulation. dodd-frank, epa, you know, these are very costly regulations that do crush every price. you will see americans being hired immediately and more money in people s pockets because of the productive workflow built to do. dodd-frank. sorry, i always get them backwards. chris dodd, barney frank. dodd-frank. i remain skeptical about that. still to come, want to latch what to watch in 2017. we will get our panelists predictions.
nonestablishment, nonbig business. guess what they ve got? the noes business led administration in decades, led by ceos, taking a ceo approach to the problems the world faces. whether it works or not and whether the american people are going to buy it is the question. how is it the ceos have all seemed to turn the page, very pro-donald trump as the stock prices go up, but they weren t during the election. is it they thought from a social perspective he was too reckless? we have gdp, 3.5%, better than most people expected. none of these ceos were talking about that. i agree. i think it s a really perfect wave in terms of sentiment is improving. people were ready to turn the page on what was destructive election. now ceos are saying what i look at what s going to happen with tax reform, with stripping back regulation, would you and i ever have thought that was going to happen? never in a gazillion i m
donald trump defending his cabinet appointments. i want people who made a fortune because now they re negotiating with you. reporter: touting the success of some of his healthy picks. no different than a great baseball player or a great golfer. reporter: including carl s jr. and hardee s jr. to head the labor department. puzder against expanding overtime pay and increasing the minimum wage. states have every right to decide what the minimum wage should be. i have been opposed to minimum wage increases that killed jobs. reporter: trump saying that puzder will save small businesses from the crushing burdens of unnecessary regulations. meantime, scrutiny is growing over trump s pick to head the epa, oklahoma attorney general scott pruitt. he is a climate science denier. . reporter: at his third victory rally in des moines, trump echoing pruitt s call to rule back regulation. we are going to end the epa intrusion into your lives. reporter: and doubling down
up nearly 10% for the year-to-date, but not all stocks are seeing a post-trump election bump. the president-elect promises to roll back regulation, spend on infrastructure, having rewarded that s rewarded stocks in fossil fuels, mines, energy, banking, construction-related companies, but on the flip side, health care and pharmaceutical stocks have suffered over the unclear future of obamacare and drug pricing. one interesting losing sector has been the firearms industry, which surged steadily under the the obama administration over that steady drum beat of potential new gun regulations, now with the urgency to stockpile your guns and ammo having lowered, so have those stock prices. for more business headlines we bring in cnbc s carolyn roth live from london. carolyn, the european central bank has been pumping up the european economy by buying bonds and buying bonds. they say they are going to ease up. yes, they are, and that was a